Global Quantum Sensors Market is valued at USD 318.9 Million in 2021 and expected to reach USD 470.1 Million by 2028 with a CAGR of 5.7% over the forecast period.
Quantum sensor is an electronic device which detects any and every minute change using abilities of quantum mechanics like quantum entanglement, quantum interference, and quantum state squeezing. As these properties lead to precise sensor manufacturing and also resolves the issue cased by Heidelbergs uncertainty principle. Quantum sensors use measurement probes made of atoms and photons having a modified quantum state. Quantum sensor has varied applications in various fields. Some of the important applications of quantum sensor are microscopy, positioning systems and communication technology. Erwin Schrdinger is the pioneer of quantum mechanics which is the base of the quantum sensing principle. Quantum sensing has been used a lot in the previous century; some of the historical quantum sensing applications is magnetometers based on superconducting quantum interference devices and atomic vapors.
The Covid-19 pandemic has also impacted the growth of the global quantum sensors market. Quantum sensors have varied applications in various sectors such as; aerospace, electronic industry and automobile. The Covid-19 outbreak and lockdown limitations have impacted the industrial activities across the world, featuring production network disturbances, absence of accessibility of raw materials utilized in the assembling system and labor deficiencies. This has also affected the growth of aerospace, electronic industry and automobile industries and hence affected the demand for quantum sensor in these Indutries.
The global Quantum Sensors Market is segmented on the basis of product type, end user and region country level. Based on technology, the quantum sensors market is divided into magnetic sensor, gravity sensor, atomic clock, PAR Quantum Sensors and other. Based on end user, the quantum sensor market is classified into agriculture, military defense, automotive, oil and gas and others.
The regions covered in this Global Quantum Sensors Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of quantum sensors is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some of the key players for global quantum sensor market are:
One of the main factors driving the growth of global quantum sensors market is growing number of autonomous vehicles. Autonomous vehicles or self driving vehicles are vehicles with a capability of planning itself without any human input. Autonomous vehicles are gaining popularity as the self driving vehicle owner can save from the daily driving hassle. This rise in autonomous vehicles is increasing autonomous vehicle requirement as quantum sensors are used in sensors of connected vehicle technology which give the vehicles an insight of other vehicles for maneuvering. Quantum sensors are also used as eyes which is a series of sensors which gives information of the external environment, as quantum sensors give a precious output by exploiting quantum nature of matter. Therefore, use of quantum sensors in autonomous vehicles leads to growth of quantum sensors market.
In addition, another major factor supplementing the growth of the global quantum sensors market is its increasing demand for healthcare industry. Use of quantum sensing helps the medical area with improving their medical testing processes. Since, quantum sensing offers higher precision, involving it for identification of infections can additionally improve the usefulness across medical associations. Also, recognition of degeneration diseases is a piece troublesome through conventional techniques like Magnetic Resonance Imaging (MRI). Quantum sensing can go about as a superior and significantly more proficient method for detect such diseases without any problem. Deployment of quantum sensing can help in making convenient systems unlike to huge MRI scanners for monitoring magnetic fields of patient brains. This helps in gathering more important information with less effort both valuable for patients and doctors. For example; according to Quantum Technology Hub, more than 9.4 people worldwide die due to brain diseases which make quantum sensing vital due to its ability to help in curing these brain disorders.
Furthermore, growing use of quantum sensors in atomic clocks also drives the global quantum sensor market. Atomic clocks are very accurate clocks based on atomic vibrations of calcium or ammonia. Atomic clocks use quantum sensing mechanism for detecting these atomic vibrations and the frequency of these vibrations which have range of 10-9 Hz is converted to precise time. Entanglement is usable for upgrading atomic clocks or making magnetometers that are more delicate. Also, nuclear timekeepers that are quantum-improved can uphold accuracy and time- dependent industries like financial administrations, carrying versatility to satellite-based information networks that can be very defenseless against problematic threats. For instance; in April 2020, Caltech and JPL teamed up to launch hybrid high rate quantum communication systems. This joint coordinated effort helped both to exhibit novel clock innovation for improving performance through quantum entanglement.
However, high cost for research development and long regulatory approval process may hamper the global quantum sensors market growth. In spite of that, increasing usage of quantum in various applications has lead to mass production of quantum which has subsequently reduced quantum price and can provide various opportunities for the further growth of the global quantum sensors market.
On May 10th,2021; Professor Jrg Wrachtrup from Stuttgart University and Professor Yang Sen from the Chinese University of Hong Kong had developed an examining quantum sensing microscope by utilizing a strong state quantum bit (qubit) and nitrogen- vacancy (NV) center, as the quantum sensor. They have, interestingly, acknowledged NV-based nanoscale electric-field imaging and its charge-state control, exhibiting the chance of scanning NV electrometry. Nanoscale electric-field imaging in view of a quantum sensor and it has charge-state control under ambient condition.
On June 11th, 2021; A group of researchers at the University of Sussex interestingly fabricated a measured quantum brain scanner, and utilized it to record a brain signal. This is whenever a brain first sign has been recognized utilizing a particular quantum brain sensor anyplace on the planet. It's a significant achievement for all scientists chipping away at quantum brain imaging innovation due to modular sensors can be increased, similar to Lego blocks. The gadget, which was worked at the Quantum Systems and Devices research center at the college, utilizes ultra-sensitive quantum sensors to get these smallest of magnetic fields to see inside the brain in order to map the neural movement.
On March 3rd, 2021; Australian startup Q-Ctrl is developing quantum sensors to send to Earth orbit, the moon and eventually Mars. Q-Ctrl is working with Fleet Space Technologies to develop quantum sensors to mount on the nanosatellites. In addition to its work in support of the Seven Sisters consortium, Q-Ctrl is developing quantum sensors to detect liquid water and mineral deposits as well as quantum-enhanced precision navigation and timing systems.
Europe is expected to hold the major share in the global quantum sensors market due to the rising adoption in geophysics, navigation brain imaging, growing advancement in technology and presence of key companies in this region. Quantum sensors are widely used in different applications such as geophysics, navigation ; brain imaging to get accurate results. For example; in February 2020, Muquans SAS reported that its quantum differential gravimeter was functional. Created in a joint effort with LNE-SYRTE, this instrument is fit for giving a synchronous estimation of both gravity (g) and its vertical gradient (dg/dz). As per the organization, the instrument opens new phenomenal perspectives in the field of geophysics. It anticipates that this combined measurement should give improved data for the monitoring of geophysical processes and the recognition of underground cavities.
Asia Pacific is projected to witness a fastest growth in the global quantum sensors market due to the increasing neurological diseases and technological developments in this region. Asia Pacific residents also suffer immensely due to neurodegenerative diseases. Utilization of quantum detecting can help in making advantageous systems dissimilar to immense MRI scanners for monitoring magnetic fields patient brains. Hence, demand of quantum sensor is increased in healthcare industry which drives the market growth in this region. For instance; according to technical newsletter Medtech intelligence, the number of Alzheimer s patients in Asia accounts for 60 % of the total Alzheimer s patients worldwide. Also, China, having 7 million Alzheimer s patients, has the highest number of Alzheimer s patients in the world.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 318.9 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||5.7%|
|Market Size Expected in 2028:||USD 470.1 Million|
|Tables, Charts & Figures:||175|
|Quantum Sensors Companies||AOSense, Apogee Instruments, M Squared Ltd, Muquans SAS, Robert Bosch GmbH, Skye Instruments, Campbell Scientific, LI-COR, Biospherical Instruments, Thomas Industrial Network Inc Others|
|Segments Covered||By Product Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|