Quantum Sensors Market Size, Price, Report 2024-2032

Quantum Sensors Market Report by Product (Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravity Sensors), Application (Military and Defense, Automotive, Agriculture, Oil and Gas, Healthcare, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112023A5458

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Market Overview:

The global quantum sensors market size reached US$ 541.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 942.7 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 541.8 Million
Market Forecast in 2032	US$ 942.7 Million
Market Growth Rate 2024-2032	6.2%

Quantum sensors are devices that rely on quantum coherence to measure dynamic and static physical quantities of force, pressure, light intensity and electromagnetic field. They comprise magnetometers, atomic clocks, and avalanche photodiode (ADP), which makes them highly-efficient sensitivity measurement instruments. Moreover, as they offer considered credible and offer accurate results, quantum sensors find applications in magnetic resonance imaging (MRI), nuclear magnetic resonance spectroscopy, positioning systems, transistors, light-emitting diodes (LED), solar panels, and lasers. Besides this, the rising penetration of GPS systems in the aerospace industry is also positively influencing their demand around the world.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Quantum Sensors Market Trends:

The increasing utilization of quantum sensors in naval forces for calculating accurate positioning data of submarines in the ocean represents one of the major factors propelling the market growth. Moreover, there is a rise in the use of quantum sensors for measuring photosynthetic photon flux (PPF) in plant canopies. This, along with the development of quantum sensing solutions in material science, is contributing to the growth of the market. In addition, rising technological advancements in quantum imaging, simulation, and sensing across the globe, in confluence with the utilization of quantum sensors in detecting gas, oil and mineral deposits, are driving the market. Additionally, the integration of quantum sensors in vehicle-to-everything (V2X) communications to detect pedestrians beforehand is minimizing road accidents. Apart from this, the growing implementation of quantum entanglement technology in the healthcare industry for monitoring patients remotely, assisting diagnosis, and enhancing consumer healthcare experiences is stimulating the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce early-warning systems for earthquakes, volcanic eruptions, and underwater storms, which is projected to bolster the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global quantum sensors market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

Atomic Clocks
Magnetic Sensors
PAR Quantum Sensors
Gravity Sensors

Breakup by Application:

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Military and Defense
Automotive
Agriculture
Oil and Gas
Healthcare
Others

Breakup by Region:

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North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AOSense Inc., Apogee Instruments Inc., Campbell Scientific Inc., GWR Instruments Inc., Impedans Ltd., LI-COR Inc., M Squared Lasers Limited, Muquans SAS (iXblue), Robert Bosch GmbH, Sea-Bird Scientific and Skye Instruments Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AOSense Inc., Apogee Instruments Inc., Campbell Scientific Inc., GWR Instruments Inc., Impedans Ltd., LI-COR Inc., M Squared Lasers Limited, Muquans SAS (iXblue), Robert Bosch GmbH, Sea-Bird Scientific and Skye Instruments Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global quantum sensors market was valued at US$ 541.8 Million in 2023.

We expect the global quantum sensors market to exhibit a CAGR of 6.2% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for quantum sensors.

The rising adoption of quantum entanglement technology across the healthcare industry for monitoring patients remotely, assisting diagnosis, and enhancing consumer healthcare experiences, is primarily driving the global quantum sensors market.

Based on the product, the global quantum sensors market has been segregated into atomic clocks, magnetic sensors, PAR quantum sensors, and gravity sensors. Among these, magnetic sensors currently hold the largest market share.

Based on the application, the global quantum sensors market can be bifurcated into military and defense, automotive, agriculture, oil and gas, healthcare, and others. Currently, the military and defense sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global quantum sensors market include AOSense Inc., Apogee Instruments Inc., Campbell Scientific Inc., GWR Instruments Inc., Impedans Ltd., LI-COR Inc., M Squared Lasers Limited, Muquans SAS (iXblue), Robert Bosch GmbH, Sea-Bird Scientific, and Skye Instruments Limited.

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