Quantum Sensors Market is Projected to Grow at a Substantial Rate

Global quantum sensors market is expected to witness steady revenue growth during the forecast period. This growth is attributed to increasing adoption of quantum sensors in verticals such as defense, oil & gas, transportation, and construction. Persistence Market Research has come up with a new report, “Quantum Sensors Market: Global Industry Analysis and Forecast (2016–2025),” which offer key insights of the global quantum sensors market to the audiences. This report has revealed some interesting facts about the market opportunities across several applications of the global quantum sensors market. Global quantum sensors market was valued at US$ 228.7 Mn in 2016 and is projected to reach US$ 329.4 Mn by 2025 end. The market is expected to expand at a moderate rate of CAGR 4.3 % during the projected period, i.e. 2016-2025. The focus of this report is on quantum sensor providers who work with leading research institution to drive the market commercialization of technologies being developed in the industry.

Request Sample: https://www.persistencemarketresearch.com/samples/18508

Global Quantum Sensors Market: Opportunity Analysis

The global quantum sensors market will experience a surge in demand of atomic clocks to improve the accuracy of time sensitive signals, as IoT applications such as autonomous cars and drones reach their maturity and start demanding higher accuracy from GPS devices.

GPS systems are inherently dependent on precise calculations of timing for efficient communication between the GPS using device and the satellite providing GPS co-ordinates.

The usage of fossil fuels is increasing with urbanization, as more and more people prefer air travel and personal vehicles. Providing ample fuel to support the growing demand is emerging as a primary challenge for the oil & gas industry.

Gravity sensors will bring considerable accuracy in the process of ground scanning for oil drilling and extraction. Quantum gravity sensors will help drillers to get a clear picture of what is under the ground helping them discover pockets of crude oil left undiscovered with the usage of classical methods

Download TOC: https://www.persistencemarketresearch.com/toc/18508

Global Quantum Sensors Market: Forecast by Type

The type segment of the global quantum sensors market includes atomic clock, gravity sensor, magnetic sensor, rotation sensors, imaging sensors, and temperature sensors. Among type segments, atomic clock segment is expected to dominate the global quantum sensors marketwith US$ 127.8 Mn revenue in 2025. Atomic clock segment is expected to gain significant traction throughout the forecast period. Gravity sensors segment is also expected to register steady increase in Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 4.7% during the forecast period.

Global Quantum Sensors Market: Forecast by Industry Vertical

This segment is consists of defense, oil & gas, transportation, construction, medical and healthcare, IT & telecommunication, agriculture, and others. Among industry verticals, defense segment is anticipated to expand at a CAGR of 5.3% during the forecast period. The defense segment is likely to be valued at 101.7 Mn in 2025.

Latest Report:

It Infrastructure Monitoring Market

https://www.persistencemarketresearch.com/market-research/it-infrastructure-monitoring-market.asp

Cloud Api Market

https://www.persistencemarketresearch.com/market-research/cloud-api-market.asp

Advanced Predictive Analytics Software Market

https://www.persistencemarketresearch.com/market-research/advanced-predictive-analytics-software-market.asp

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.