The global Quantum Sensors Market is estimated to be valued
at USD 470.05 million in 2021 and is expected to exhibit a CAGR of 15.50% over
the forecast period 2022 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Quantum sensors are advanced devices that utilize quantum mechanical effects
such as quantum entanglement and superposition to detect minute changes in
their environment like acceleration, magnetic field, electric field, and
rotation. They offer improved sensitivity, precision, and ability to work at
room temperature compared to conventional sensors. They find applications
across diverse sectors like defense, transportation, medical, and industrial.
Market key trends:
One of the key trends in the quantum sensors market is the extensive research
on improving the sensitivity and performance of atomic magnetometers. Atomic
magnetometers use spin-polarized alkali metal vapor and optical pumping to
detect magnetic fields. Researchers are exploring new atomic species and vapor
cell designs to enhance magnetic field sensitivity down to the femtotesla
range. This will enable more accurate and precise measurement of biomagnetic
signals and NMR spectroscopy.
Segment Analysis
The global quantum sensors market is segmented into type and application. Based
on type, the market is classified into gravity sensors, atomic clocks, magnetic
sensors, and rotation sensors. Among these, the gravity sensors segment
dominated the market in 2021 and is expected to remain dominant over the
forecast period. Gravity sensors finds application in geodesy, gravimetry,
drilling, and construction monitoring due to their high sensitivity and ability
to measure tiny changes in gravitational acceleration.
Key Takeaways
The
global
quantum sensors market size is expected to reach USD 470.05 million by
2030, expanding at a CAGR of 15.50% from 2022 to 2030. Growing demand for high
precision navigation systems, drilling equipment and construction monitoring
devices are some of the key factors driving the market growth.
Regionally, North America dominated the market with around 40% revenue share in
2021 led by increasing investments by both public and private sectors for
technological advancements in quantum sensing technologies. Asia Pacific is
anticipated to be the fastest growing market during the forecast period owing
to growing gravitu towards development of precision technologies in countries
like China and India.
Key players operating in the quantum sensors market are LI-COR Inc., AOSense
Inc., Campbell Scientific Ltd., Apogee Instrument Inc., Skye Instruments Ltd.,
M Squared Lasers Ltd., Robert Bosch GmbH, and Muquans SAS. LI-COR Inc. and
Robert Bosch GmbH collectively account for around 25% of the total market share
due to their robust product portfolio and widespread distribution network
across major markets.
Read More:
https://www.dailyprbulletin.com/the-global-quantum-sensors-market-poised-for-strong-growth-trajectory/
Comments
Post a Comment