Quantum Sensors Market: Defense Industry Vertical Segment to Increase at a Relatively Higher CAGR

Global quantum sensors market is expected to witness steady revenue growth during the forecast period. This growth is attributed to increasing adoption of quantum sensors in verticals such as defense, oil & gas, transportation, and construction. Persistence Market Research has come up with a new report, “Quantum Sensors Market: Global Industry Analysis and Forecast (2016–2025),”which offer key insights of the global quantum sensors market to the audiences. This report has revealed some interesting facts about the market opportunities across several applications of the global quantum sensors market. Global quantum sensors market was valued at US$ 228.7 Mn in 2016 and is projected to reach US$ 329.4 Mn by 2025 end. The market is expected to expand at a moderate rate of CAGR 4.3 % during the projected period, i.e. 2016-2025. The focus of this report is on quantum sensor providers who work with leading research institution to drive the market commercialization of technologies being developed in the industry.

Global Quantum Sensors Market: Opportunity Analysis

• The global quantum sensors market will experience a surge in demand of atomic clocks to improve the accuracy of time sensitive signals, as IoT applications such as autonomous cars and drones reach their maturity and start demanding higher accuracy from GPS devices.
• GPS systems are inherently dependent on precise calculations of timing for efficient communication between the GPS using device and the satellite providing GPS co-ordinates.
• The usage of fossil fuels is increasing with urbanization, as more and more people prefer air travel and personal vehicles. Providing ample fuel to support the growing demand is emerging as a primary challenge for the oil & gas industry.
• Gravity sensors will bring considerable accuracy in the process of ground scanning for oil drilling and extraction. Quantum gravity sensors will help drillers to get a clear picture of what is under the ground helping them discover pockets of crude oil left undiscovered with the usage of classical methods

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Global Quantum Sensors Market: Forecast by Type

The type segment of the global quantum sensors market includes atomic clock, gravity sensor, magnetic sensor, rotation sensors, imaging sensors, and temperature sensors. Among type segments, atomic clock segment is expected to dominate the global quantum sensors marketwith US$ 127.8 Mn revenue in 2025. Atomic clock segment is expected to gain significant traction throughout the forecast period. Gravity sensors segment is also expected to register steady increase in Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 4.7% during the forecast period.

Global Quantum Sensors Market: Forecast by Industry Vertical

This segment is consists of defense, oil & gas, transportation, construction, medical and healthcare, IT & telecommunication, agriculture, and others. Among industry verticals, defense segment is anticipated to expand at a CAGR of 5.3% during the forecast period. The defense segment is likely to be valued at 101.7 Mn in 2025.

Global Quantum Sensors Market: Forecast by Region

Europe global quantum sensors market is expected to witness relatively high growth rate over the forecast period. Revenue from the global quantum sensors market in North America and Europe collectively accounted for over 60% of the global quantum sensors marketrevenue in 2016. Market in Asia Pacific is expected to witness moderate growth rate over the forecast period. Europe market accounts for the largest share in the global quantum sensors market and is expected to lead the market in future. In 2016, Europe quantum sensors market was valued at US$ 73.7 Mn and is expected to reach US$ 111.8 in 2025 with a CAGR of 4.9%.

Global Quantum Sensors Market: Competitive Landscape

Key players in this niche market include Muquans SAS, Microsemi Corp., AOSense, Inc., GWR Instruments Inc., Oscilloquartz S.A., MSquared Lasers Ltd., Cryogenic Limited, Supracon AG.

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Quantum Sensors Market 2017: Production, Sales, Supply, Demand, Analysis & Forecast to 2025

Development of ultracold atom based sensors and focus on development of precision based technologies are trending the global quantum sensors market

Europe

The field of quantum gases or ultracold atoms is the fastest expanding field in physics and has wide scale implications in the field of quantum sensors. Quantum sensors including gravimeters and atomic clocks are developed by using atoms cooled at temperatures near to absolute zero. Muquans, which is a company manufacturing commercial gravimeters and atomic clocks, uses cold atoms to achieve higher accuracy levels than classical sensors.

North America

Demand for precision measurement is increasing in industries and research institutes due to the development of new technologies. Universities across the U.S. are working towards enhancing accuracy of their sensors to facilitate advanced usages in the field of astronomy, GPS, communications, and other usages. For instance, in November 2016, researchers from National Institute of Standards and Technology, in U.S. launched a new system using two atomic clock to measure timing precisely by eliminating noise between the atoms of the element cesium – 133. In another example, CALTECH, which is a university in California, U.S. has built the world’s largest interferometer, which can measure changes in arm-length thousands of times smaller than a proton.

APAC

Technologies based on quantum physics have a potential to bring accuracy enhancements across applications in different industries. Asia Pacific has been a forerunner in adopting technologies such as quantum communication and quantum cryptography. For example in June 2017, scientists in China successfully conducted an experiment to test the properties of quantum entanglement at distance using a satellite. While last year in November China launched a 712 KM quantum communications line, which featured high security, making the line impossible to wiretap or intercept.

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MEA

Economies such as UAE and Qatar are using modern techniques and technologies in building construction. These economies have readily adopted technologies such as 3D printing and smart buildings. Quantum sensors for applications in construction thus has a huge potential for adoption in Middle East. Recent instance is Dubai government has launched “Dubai 3D Printing Strategy” under, which it aims to use 3D printed elements in 25% of buildings by 2030.

Latin America

Theoretical research being conducted in the field of quantum physics is gradually being translated into commercially marketable technologies that can solve real problems and bring efficiency into applications using classical sensors. The Latin America Optics & Photonics Conference held in 2014 was sponsored by Optics Society in Latin America and promoted the development of marketable technologies such as quantum imaging and quantum physics.

Defense segment is expected to be the most attractive industry vertical segment during the forecast period

In 2016, defense segment was valued more than US$ 60 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period. Oil & Gas segment is also expected to register steady increase in Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 4.7% during the forecast period.

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Global Quantum Sensors Market Structure

Companies such as Microsemi Corp. and Oscilloquartz S.A. is expected to grab more than 30% market share. Tier-2 companies, for example, Muquans SAS, AOSense, Inc., and M Squared Lasers Ltd. are likely to capture little more than 25% market share, while privately held companies such as Cryogenic Limited, Supracon AG, and GWR Instruments, Inc. are likely to grab more than 40% share of the global quantum sensors market.

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