The Market for Quantum Sensors is Anticipated to grow at a CAGR of 10.8% from 2023 to 2033

The market for quantum sensors is expected to reach US$ 850.6 Mn by the end of 2033, up from an anticipated US$ 278.5 Mn in 2022. In 2023, it is anticipated that the market for quantum sensors would be worth $304.1 million. Between 2023 and 2033, the market for quantum sensors is anticipated to expand at a CAGR of 10.8%.

Throughout the anticipated time, there is anticipated to be a very significant demand for quantum sensor devices due to the growing use of AI and quantum technologies. The advantages of using quantum sensors, such as their usability, are also becoming increasingly obvious to end users in the commercial, industrial, and residential sectors.

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Additionally, the growing implementation of quantum entanglement and quantum technologies in the healthcare and healthcare industries for remote patient monitoring, diagnostic assistance, and enhanced consumer healthcare experiences is further driving sales of quantum sensors.

Will deploying quantum sensing technology in autonomous vehicles drive market expansion?

Self-driving cars can see every nook and cranny, and handheld scanners can monitor a person's brain activity with the help of quantum sensing technology. The technology is making these things a reality by addressing motion including imaging, rotation, acceleration and gravity (magnetic and electric fields).

Queensland University, for example, is working on next-generation sensor technology that will provide highly accurate communications and navigation for automated vehicles. The university is addressing activities that leverage quantum innovations for new sensors.

This technology could be groundbreaking, powering self-driving vehicles that can see around early warning systems for earthquakes and volcanic activity, as well as underwater navigation systems. It will also lead to improved sensitivity or precision in electric and magnetic field measurements, measurements of physical quantities for atomic properties, and quantum sensing technologies. Therefore, the application of quantum sensing technology to self-driving cars will drive the market expansion.

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How will more accurate sensing and measurement capabilities drive demand for quantum sensors?

Quantum sensors can replace conventional sensors in a variety of applications, including monitoring and locating gas, oil, and mineral deposits, sensing the smallest of environments, earthquakes, construction site surveys, or weather changes.

These sensors are also used to dramatically improve precise positioning and navigation systems in the transportation sector.

For example, Airbus is a multinational aerospace company that uses quantum sensors to measure properties such as acceleration, rotational speed, frequency, electric and magnetic fields, and temperature to improve navigation systems.
These factors are driving the demand for quantum sensors across regions.

Competitive Landscape

Quantum sensor manufacturers focus on maintaining a strength: a vast portfolio of products. We are also committed to continuous research and development to upgrade and innovate our existing products.

Australian startup Q-Ctrl has developed a quantum sensor for space applications. They are also developing quantum sensors to send to Earth's orbit, the Moon and eventually Mars.

Supracon has successfully completed an R&D project to develop a quantum calibrator for DC and AC current and resistance based on the AC-Quantum Voltmeter.

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Company

Muquans SAS(iXblue)
Microsemi Corp. (Microchip Technology Inc.)
AOSense Co., Ltd.
GWR Instruments, Inc.
Oscilloscope SA (ADVA Optical Networking SE)
M Squared Lasers Ltd.
cryogenic limits
Supracon AG

Key Segments of Quantum Sensors Market Industry Research

By Type:

Atomic Clocks
Gravity Sensors
Magnetic Sensors
Rotation Sensors
Imaging Sensors
Temperature Sensors
By Industry:

Defence
Oil and Gas
Transportation
Construction
Medical and Healthcare
IT and Telecommunication
Agriculture
Others
By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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