Quantum Sensors Market 2019 Leading Growth Drivers, Emerging Audience, Segments, Sales, Industry Size, Emerging Technologies and Regional Analysis by Forecast to 2023

Market Scenario

According to the Market Research Future Analysis, the global quantum sensors market is expected to reach USD 661 million by the end of the forecast period at a CAGR of 11%.

The global quantum sensors market is growing rapidly. The quantum sensors is widely used for various sectors such as military and defense, automotive, agriculture, oil and gas, healthcare among other applications which is propelling the quantum sensors market growth. The growing penetration of quantum technology which includes quantum cryptography and quantum sensors, is gaining momentum in the quantum sensors market. The quantum cryptography is used in the banking sector for secure communications between banks. While, quantum sensors is becoming commercially available.

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The gravity sensors are gaining demand in the last few years as it improves drive climate research, oil and mineral exploration, helps in searching water resources, and to map the urban infrastructure and archaeology. These quantum sensors has huge demand and is estimated to grow in the coming years as it can be used for determining snow cover of mountains and magnitude of ocean currents, as well as in archeology which the archeologist can see without digging, and helps in oil and gas recovery processes.

Key Players

Some of the prominent players in the global quantum sensors market AOSense, Inc. (U.S.), Radixx International, Inc. (U.S.), Apogee Instruments (U.S.), GWR Instruments Inc.(U.S.), Microsemi Corporation (U.S.), M-Squared Lasers Limited (U.K), Muquans (France), Oscilloquartz (Switzerland), Spectrum Technologies, Inc. (U.S.), Impedans Ltd (U.S.), ThomasNet (U.S.), Skye Instruments Ltd. (U.K), Decagon Devices, Inc. (U.S.), Biospherical Instruments Inc. (U.S.), Adcon Telemetry Gmbh (Austria) among others.

Regional Analysis

The regional analysis of quantum sensors market is studied for regions such as Asia Pacific (China, Japan, and India), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The quantum sensors market in this region has a huge demand due to the increasing adoption of quantum technology in the automotive sector, which is propelling the market growth to a large extent. The quantum sensors market in Europe is expected to witness rapid growth in the forthcoming period due to increasing commercialization of technologies in these regions. Whereas, Asia Pacific countries such as China, Japan, and India are the emerging quantum sensors markets, which is expected to grow at the highest CAGR in the coming years.

Global Quantum sensors Market Segmentation:

The global quantum sensors market is segmented into product, verticals, application, and region. The product is segmented into atomic clocks, PAR quantum sensors, gravity sensors, magnetic sensors and others. The application segment is sub-segmented into greenhouse, coral aquarium, and others. The verticals segment is sub-segmented into military and defense, automotive, agriculture, oil and gas, healthcare and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Intended Audience

• Quantum sensors companies
• Quantum sensors providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

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This release was published on openPR.