Global Quantum Sensor Market Size, Share & Trends Analysis Report By Product Type (Atomic Clocks, PAR Quantum Sensors), By Application (Healthcare, Automotive), By Region (Europe, Asia Pacific), And Segment Forecasts, 2024 - 2032
  • Published Date: Jan, 2024
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  • Pages: 200
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  • Report Summary
  • Table of Contents
  • Segmentation
  • Methodology
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Global Quantum Sensor Market was valued at US $ 786.6 million in 2023 and is expected to reach US $ 1300 million by 2032 growing at a CAGR of 7.8% during the forecast period 2024 – 2032.Some examples of this include quantum sensor applications like the Internet of Things, intelligent vehicles, and augmented reality and virtual reality.For example, quantum sensors can be applied for improved VR experience, accurate location systems and navigation for self-driving cars. Novel markets made up of new applications areas such as defense, health care, aerospace and research form the basis for development of the quantum sensors industry.

Miniaturization and integration of the quantum sensors is getting widely popular. Quantum science has brought a lot of improvements in society, but it is not over yet as scientists and producers try to make their products more portable and compact. Miniaturization enables cost reduction, wider appeal and an array of use cases. In addition, quantum sensors play an essential role in the spheres of quantum communication and cryptography. For effective communication security, QKD systems rely on quantum sensors for identifying and measuring quanta domains.

As the need for secured communication increases, more quantum sensors will be required to support quantum encryption technologies. Governments as well as private investors are providing massive funding for research and development focused on quantum technology. Such investments enhance commercialization of quantum technologies, improve infrastructure, and innovate more on market expansion. For instance, the U.S. DOE invested approximately $9.1 million to fund thirteen QIS initiatives requiring nuclear physics based resources in January 2023.

The Quantum Sensor Trend Analysis

The military and defence application segment is expected to capture a significant portion of the market share.

Many defence and military investors are spending money on the accuracy of globally located worldwide underwater submarine detections. Moreover, their expected higher sensitivity towards environmental changes allows military officers to find out about underground structures and even nuclear materials.

Moreover, the increased detection sensitivity of quantum sensor could enable military to detect some electromagnetic emissions, improve electronic warfare, and perhaps find hidden enemy troops. In addition, these alternatives provide other ways of fixing position navigation and timing thus theoretically giving the military forces a chance to operate optimally even in areas with poor signal strength or non- existing signal at all.

Quantum cryptography and lithography are two additional areas in with huge sums of money are going for military and defence investment purposes. On-going advancement in fields of laser, optics, and photophysics enhances market size and depth. Quantum sensors could be deployed in abundance as the sector increasingly adopts UAV and robotics.

According to the International Federation of Robotics, worldwide spending on military robotics is expected to exceed $16.5 billion in 2025. Wireless sensors become an imminent technological area that contributes in numerous ways to Defence Ministry spending increasing. The growing need for quantum sensors in unmanned systems should catalyse the market growth. The various modernization efforts being undertaken by different nations will boost the market.

Segmentation Analysis of the Quantum Sensor Market

Product Type Insights

In 2022, the atomic timepieces sector accounted for the highest revenue share amounting to 37.0% of the total figure. The atomic clocks are very precise measuring tools, using cesium and rubidium atom vibrations which reside inside a vacuum. Apart from the satellite navigation systems, telecommunications, scientific research and financial transactions these machines are used for numerous purposes. Traditionally, atomic clocks have proven quite profitable in the market as they are utilized in different sectors. Thus, over time, atomic clocks have also become more powerful with such need arising in most vital applications.

Photosynthetically active radiation (PAR) quantum sensors segment shall show the greatest compound annual growth rate in the upcoming years. Examples of controlled environment agriculture that are becoming popular for increasing crop productivity in light of food insecurity include vertical farming and greenhouse cultivation. It is expected that controlled environment agriculture will increase the demand for PAR quantum sensors. Specialized PAR sensors, also referred to as PAR quantum sensors, are used in measuring and analysis of the quality of light and its intensity within an available to the plants a spectrum. The sensors have applications in several fields including environmental research, horticulture, and agriculture in which understanding and optimal manipulation of lighting conditions is key to improving plants’ growth and yield.

Application Insights

In 2022, the healthcare sector had a share of 37% and emerged as the highest in terms of revenue share. The development in technology of quantum sensors is predicted to stimulate more innovation and application of such devices in healthcare, leading to improved diagnosis, treatment, as well as improved patient care. The quantum sensor is imperative in one of the fields, for instance, the MRI technology. Quantum detectors called superconducting quantum interference devices (SQUID) are used to measure the minute fields existing within the human body’s cells. It makes it possible to create accurate, high-quality pictures needed for detecting and tracking different illnesses.

Magnetometers based on atomic and super conduction, which can offer a very high sensitivity for magnet detection in automotive applications. These sensors work by sensing the Earth’s magnetic field as well as any other magnetic fields made by nearby objects so that collision avoidance systems, compasses, and the metal detectors are enabled. Also, the use of these sensors in cars may aid with environmental surveillance. For example, quantum sensors can measure VOCs as well as detect and estimate levels of contaminants like NOx. Auto-sensors will detect traffic air pollution and other issues affecting passenger safety.

Regional Analysis of the Quantum Sensor Market

Europe had a 35.0 percent share of the revenue market in 2022. Quantum sensors form a vital component of quantum technology that Europe has shown huge investments and interest in. In this line, the European Union has the Quantum flagship initiative, which aims at positioning Europe as international leader in quantum technologies. About 963 million euros have been set aside in the European Union’s Quantum Flagship Programme over a ten year span (2018 – 2028). Some companies in Europe are also studying the possibility of developing quantum sensors in energy, automobiles, and telecommunications. There have been significant market growth in the Asia-Pacific region. For instance, China, Japan and South Korea are among countries making huge strides regarding quantum R&D.

China has been promoting these quantum technologies actively. This includes the Chinese government sending a satellite into space to investigate the potential of doing inter-stellar communications under quantum mechanics called Micius also known as the Quantum Science Satellite (QSS). What lies at the core of the QSP mission is how it makes use of the concept of quantum entanglement in facilitating distant quantum communication. These factors are expected to propel the regional market in the course of the forecast period.

The U S government has established national quantum initiative act that supports the researches and developments of quantum technology. They have seen collaborations between academia, industry and government with a view to fostering deployment of these sensors across the health care, defence, aerospace, etc. For example, in July 2021, educational institutions such as the Institute for Quantum Computing at University of Waterloo along with Quantum Valley Investments (Canadian investor company focused on commercialisation of quantum technologies) have collaborated to finance R&D into quantum

Impact on Covid-19

Quantum sensors are utilized in order to make extremely accurate and ultra-sensitive measurements. These can be applied in areas like medical diagnostics among others. For instance, conventional diagnostic methods, like RAT, PCT tests and serology, have been the main instruments used with reference to COVID-19.

Top Key Players Covered 

  • ADVA
  • AdSense
  • Biospherical Instruments Inc.
  • GWR Instruments Inc.
  • Microchip
  • Microsemi Corp.
  • Muquans SAS
  • Robert Bosch GmbH
  • Spectrum Technologies Inc.
  • Thomas Industrial Network Inc.

Key Industry Developments in the Quantum Sensor Market

  • January 2023-The national quantum strategy recently released by the Canadian government will shape the future of quantum technologies in the country and generate thousands of jobs. This is a USD 360 million budgetary promise for the strategy that will be used in strengthening Canada’s leadership position in the globe on quantum research, the development of Canadian quantum technologies, corporate bodies and manpower.
  • January 2023-The compact quantum device technology, along with its patented stratospheric balloon systems developed by Inflection, a global participant in the quantum space, have been agreed on as a test bed for more quickly and cost-efficiently testing out new quantum applications via its collaboration with World View. This technique of stratospheric testing heralds a new era of quantum testing that will be vital in applications such as hyperspectral sensing, over-the- horizon communication, and precise navigation and timing. World View and Inflexletion plan to continue in the development of new solutions that could be applied by potential clients in the defence sector, the civil society, and governmental institutions.

Report Components Details
Base Year 2023
Forecast Period 2024 -2032
Quantitative Units Revenue in US $
Drivers Increasing investments in Research and Development (R&D) endeavors in tandem with a growing demand for medical diagnostics and treatment
Segments Covered Product Type: Atomic Clocks, Gravitational Sensors, PAR Quantum Sensors, Quantum Magnetic Sensors, Others Application: Aerospace & Defence, Automotive, Oil & Gas, Healthcare, Other

Table of Contents

  1. Introduction Of Global Quantum Sensor Market
    1. Overview of the Market
    2. Scope of Report
    3. Assumptions
  2. Executive Summary
  3. Research Methodology
    1. Data Mining
    2. Validation
    3. Primary Interviews
    4. List of Data Sources
  4. Global Quantum Sensor Market Outlook
    1. Overview
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    3. Porters Five Force Model
      1. Bargaining Power of Suppliers
      2. Threat of New Entrants
      3. Threat of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power among Buyers
    4. Value Chain Analysis
  5. Global Quantum Sensor Market, By Product Type
    1. Overview
    2. Atomic Clocks
    3. PAR Quantum Sensors
  6. Global Quantum Sensor Market, By Application
    1. Overview
    2. Healthcare
    3. Automotive
  7. Global Quantum Sensor Market ,By Region
    1. North America
      1. U.S.
      2. Canada
    2. Europe
      1. Germany
      2. U.K.
      3. France
      4. Rest of Europe
    3. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Singapore
      6. Malaysia
      7. Australia
      8. Thailand
      9. Indonesia
      10. Philippines
      11. Rest of Asia Pacific
    4. Others
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Egypt
      5. Israel
      6. Rest of Middle East and Africa (MEA)
      7. Brazil
      8. Argentina
      9. Mexico
      10. Rest of South America
  8. Company Profiles
    1. ADVA
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    2. AdSense
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    3. Biospherical Instruments Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    4. GWR Instruments Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    5. Microchip
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    6. Microsemi Corp.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    7. Muquans SAS
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    8. Robert Bosch GmbH
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    9. Spectrum Technologies Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    10. Thomas Industrial Network Inc
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News

Global Quantum Sensor Market Segmentation

Quantum Sensor by Product Type: Market Size & Forecast 2024-2032

  • Atomic Clocks
  • Gravitational Sensors
  • PAR Quantum Sensors
  • Quantum Magnetic Sensors
  • Others

Quantum Sensor by Application: Market Size & Forecast 2024-2032

  • Aerospace & Defence
  • Automotive
  • Oil & Gas
  • Healthcare
  • Other

Quantum Sensor by Geography: Market Size & Forecast 2024-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • ADVA
  • AdSense
  • Biospherical Instruments Inc.
  • GWR Instruments Inc.
  • Microchip
  • Microsemi Corp.
  • Muquans SAS
  • Robert Bosch GmbH
  • Spectrum Technologies Inc.
  • Thomas Industrial Network Inc.

Frequently Asked Questions


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