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.
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:
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.
- Military and Defense
- Automotive
- Agriculture
- Oil and Gas
- Healthcare
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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) |