As per findings through a revised market study by Persistence Market Research, the global quantum sensors market reached a valuation of around US$ 290 Mn in 2020, and is anticipated to surge at a CAGR of 5.7% over the next ten years.

Quantum sensors use the principles of quantum physics to achieve sensitivity and accuracy that cannot be achieved via classical sensors. Quantum sensors are of several types – atomic clocks, gravity, magnetic, rotation, imaging, and temperature sensors.

Growing efforts from the research community toward the development of commercially viable products in collaboration with leading players in the industry are driving the market toward mainstream adoption.

• In June 2020, ADVA Optical Networking introduced the industry’s first ePRC optical cesium atomic clock solution to protect synchronization networks from costly and dangerous interruptions in satellite signals.
• M Squared Lasers announced a collaboration with Strathclyde quantum technology to develop some of the world’s most powerful computers. Researchers at Strathclyde and photonics and quantum technology company M Squared will develop advanced computing technology that could strengthen banking security, enhance traffic management, and support aerospace security.

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Company Profiles:

• Muquans SAS (iXblue)
• Microsemi Corp. (Microchip Technology Inc.)
• AOSense, Inc.
• GWR Instruments, Inc.
• Oscilloquartz S.A. (ADVA Optical Networking SE)
• M Squared Lasers Ltd.
• Cryogenic Limited
• Supracon AG

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Key Takeaways from Market Study

• The South Asia & Pacific market is expected to create new growth opportunities for players in the market due to increased need for GPS accuracy, focus on development of precision-based technologies, and development of Ultracold atom-based sensors in the region.
• Quantum sensor providers should focus on working with leading research institutions to drive the market commercialization of technologies being developed in the industry.
• The market in the U.S. is projected to expand at a CAGR of 4.3% through 2031, while that in Germany at around 5.2%.
• Market growth in China, Japan, and India is expected to be much higher, at CAGRS of around 6.6%, 7.8%, and 10.1%, respectively.

“Key players are focusing on continuous developments in new technologies/properties such as quantum entanglement, quantum state squeezing, and quantum interference have made access to new markets easier and cost-effective. The full-spectrum quantum sensors and more accurate sensing and measurement features will create attractive opportunities for the market,” says a Persistence Market Research analyst.

Development of Quantum Sensing Solutions in Material Science and Quantum Physics Driving Market Growth

There is an increase in the adoption of quantum sensing solutions in industries such as material science and quantum physics. These sectors focus on the relationship between the molecular and atomic structure of a material. This relates to the properties of the material such as electrical conductivity, strength, or optical properties, and ways in which the material is processed or manufactured into a product or shape.

Quantum technologies are bringing new capabilities to the material science and quantum physics sector. Such factors will boost demand of quantum sensors over the coming years.

Need for GPS Accuracy

Smartphones, autonomous devices, and IoT devices are using GPS connections that depend on satellites and atomic clocks for various purposes such as navigation and time-sensitive broadcasting.

Improvements in accuracy of time measurement provided by quantum clocks can help these devices function more efficiently. Therefore, the need for better time calculation is set to drive market growth of quantum sensors over the forecast period.

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Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for quantum sensors market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.

To understand the opportunities in the market, it has been segmented on the basis of type (atomic clock, gravity sensors, magnetic sensors, rotation sensors, imaging sensors, and temperature sensors), and industry vertical (defense, oil & gas, transportation, construction, medical & healthcare, IT & telecommunication, agriculture, and others) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

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