6.5% CAGR for Atomic Clock Market is hitting USD 745.79 Million by 2028

According to The Insight Partners, Atomic Clock Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Rubidium Atomic Clock and CSAC, Cesium Atomic Clock, and Hydrogen Maser Atomic Clock) and Application (Space and Military/Aerospace, Scientific and Metrology Research, Telecom and Broadcasting, and Other Applications), The atomic clock market size is expected to reach US$ 745.79 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

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Market Size Value in - US$ 511.54 Million in 2022
Market Size Value by - US$ 745.79 Million by 2028
Growth rate - CAGR of 6.5% from 2022 to 2028
Forecast Period - 2022-2028
Base Year - 2022
No. of Pages - 146
No. of Tables - 54
No. of Charts & Figures - 72
Historical data available - Yes
Segments covered - Type, and Application
Regional scope - North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope - US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage - Revenue forecast, company ranking, competitive landscape, growth factors, and trends

High Demand from Metrology Station Owing to Time-Sensitive Applications

In July 2022, MASINDI Uganda National Metrological Authority (UNMA) started the construction of a weather station in Masindi district in Western Uganda. The facility will house gadgets that measure the speed of wind, wind direction, rainfall, solar radiation, air temperature, air pressure, and relative humidity among others. In October 2021, The India Meteorological Department announced to establish 85 new automatic weather stations in Kerala to make the weather prediction accurate by collecting proper rain, wind, and atmospheric temperature data within the intervals of 15 minutes.
In April 2022, the India Meteorological Department also announced to launch highly localized weather information services in 50 cities across the country to provide current weather observations, air quality observations, weather forecast, and air quality forecast. Therefore, growing establishments of the meteorological weather stations across the world is anticipated to propel the atomic clock market demand for accurate weather monitoring and information. Meade Instruments, a leading manufacturing company, offers weather station atomic clock that displays the indoor-outdoor humidity and temperature and has a minimum/maximum record for both temperature displays. The clock provides weather forecast and has comfort level indicators, a moon phase display, a calendar, and a dual crescendo alarm with snooze function. Such factors are anticipated to propel the atomic clock market demand in the metrology stations across the world.

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Strategic Insights:

Players operating in the atomic clock market are mainly focused on the development of advanced and efficient products.

• In August 2021, Microchip introduced its new SA65 CSAC for military and industrial systems. Its features are ultra-high precision and low power consumption.

• In October 2020, Microchip Technology Inc. acquired Tekron International Limited. This acquisition bought Tekron's knowledgeable team and widely adopted products to the synchronization and timing that has become indispensable in the rising digital, networked world.

AccuBeat ltd., Excelitas Technologies Corp., IQD Frequency Products Ltd., Leonardo, Microchip Technology Inc., Orolia, Oscilloquartz, Stanford Research Systems, Tekron, and VREMYA-CH JSC are among the key players profiled in the atomic clock market study. The market report provides detailed market insights, which helps the key players strategize the growth in coming years.

The global atomic clock market is segmented on the basis of type and application. Based on type, the market is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. Based on application, the market is segmented into space and military/aerospace, scientific and metrology research, telecom/broadcasting, and others.

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Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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