Press release
Quantam Sensors Market 2030 Rising Trends and Growth Outlook by 2030 | Adcon Telemetry Gmbh, Apogee Instrument Inc, Skye Instruments Ltd.
Quantum sensor is a device which has quantized energy levels using quantum coherence to measure a physical quantity. Properties of quantum mechanics such as quantum entanglement, interference and state squeezing are utilized in devices. These are a class of sensors offering high level of sensitivity based on the properties of quantum mechanics. Quantum sensors provide highly stable and accurate frequency standards.
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Growth of IoT and AI may fuel the market
Miniaturization of sensors, rising developments in IoT and emerging trends in AI are the reasons of its significant growth in the market. There is a rise in adoption of quantum sensors in various electronics and mechanical fields. Its use in sensors such as rotational, imaging, motion, gravity, etc. make them the most demanding device in today’s automotive world.
Complexities in quantum sensors
Quantum sensors being very sensitive can manipulate the records just by little bit of change in the sorroundings. Thus, the challenge is to isolate the quantum sensors from external disturbances. The problem of sensitivity can potentially be a factor for inhibition in the growth of quantum sensors.
Competitive Landscape
Adsense
Radix
METER Group
Adcon Telemetry Gmbh
Microchip
Impedans
Apogee Instrument Inc
ADVA
Thomas Industrial Network Inc
Technology (Microsemi)
GWR Instruments
Skye Instruments Ltd.
Recent developments
University of Nottingham in December 2020 has announced its partnership with Magnetic Shields Limited to launch a spin out company, namely, Circa Magnetics Limited for bringing the world’s most advanced functional brain scanner in the market. Researchers have been working on the technology from past 5 years.
Rafael Advanced Defense Systems Ltd., a defense technology company announced in December 2020 about its investments in quantum sensors. The company aims to improve existing sensors on the battle field, solution for GPS-denied environments.
In November 2020, TRUMPF, a German Company announced its partnership with sensor specialist SICK (another German company) to develop quantum optical sensors. The functional tests of quantum optical sensor have been performed by the companies after which the collaboration began.
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Regional Outlook
Europe has been the dominating market of quantum sensors since 2017. Rising demand for quantum sensors and escalating military and defense sector are the factors which contribute in significant growth. UK was one of the early movers in quantum sector and now the demand is surging. Focus on applications in geophysics, navigation, brain imaging, and precision timing has led to create significant impact on quantum sensors market.
North America is the second leading region owing to its use in medical sector. Spending on healthcare infrastructure and latest technologies adapted by US is the major factor driving the growth.
Segmentation
Based on Product
Atomic Clocks
Magnetic Sensors
PAR Quantum Sensors
Gravity Sensors
Based on Application
Military and Defense
Automotive
Medical
Based on Region
North America
Europe
Asia Pacific
Rest of the World
Key Questions Answered
Which application can be the root cause of growth of quantum sensors?For its precision and accuracy, its demand in medical sector can be the uplifting factor for its growth.
How covid-9 impacted the growth of quantum sensors?Delay in industrial work, shut down of various electronic and mechanical industries affected the market negatively. The lockdown imposed caused supply chain disruption, massive fall in economy, etc. slowed down the quantum mechanics market.
List the manufacturers of RF equipment system.Adcon Telemetry Gmbh, Microchip, Impedans, Apogee Instrument Inc, ADVA are some of the companies focussing on research and developments in quantum sensors.
Classify quantum sensors based on products.Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravity Sensors.
Which region to hold the largest market value during the forecast period?Europe is the leading market presently and is projected to grow during the forecast period 2021-2031 too owing to escalating military and defense.
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About TMR Research
TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today’s supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
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