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Quantum Sensors Market Research Report Information By Product (Atomic Clocks, Photosynthetically Active Radiation (PAR), Gravity Sensors, Magnetic Sensors, and Quantum Sensors), By Verticals (Oil & Gas, Military & Defense, Automotive, Healthcare, and Agriculture), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Industry Size, Share and Trends Till 2032


ID: MRFR/SEM/3835-CR | 94 Pages | Author: Aarti Dhapte| February 2020

Quantum Sensors Market Summary

As per Market Research Future Analysis, the Global Quantum Sensors Market was valued at USD 287 Million in 2023 and is projected to grow to USD 1123.2 Million by 2032, with a CAGR of 16.34% from 2024 to 2032. The market is driven by the increasing demand for high-precision measurements and investments in quantum technologies. Key applications include medical diagnostics, military positioning, and environmental monitoring, highlighting the versatility and accuracy of quantum sensors over traditional sensors.

Key Market Trends & Highlights

The Quantum Sensors Market is witnessing significant growth due to diverse applications across various sectors.

  • Market Size in 2023: USD 287 Million; Projected Market Size by 2032: USD 1123.2 Million.
  • CAGR from 2024 to 2032: 16.34%; driven by high-precision measurement needs.
  • Atomic Clocks segment held ~32-35% market share in 2021; primarily used in space exploration.
  • Healthcare segment expected to grow fastest due to rising disease prevalence and diagnostic needs.

Market Size & Forecast

2023 Market Size: USD 287 Million
2024 Market Size: USD 334.64 Million
2032 Market Size: USD 1123.2 Million
CAGR (2024-2032): 16.34%
Largest Regional Market Share in 2021: Europe.

Major Players

Key players include AdSense, GWR Instruments Inc., Apogee Instrument Inc., ADVA, and Skye Instruments Ltd.

Quantum Sensors Market

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Quantum Sensors Market Trends

    • Growing demand in various sectors is driving the market growth

Quantum sensors enable a new level of understanding of the minute details of our world. There are numerous potential uses of quantum sensors, including 3-D mapping of individual protein molecules, early cancer detection, biological process mapping, tailored treatment, early cancer diagnosis, atomic clocks, enhanced geological exploration, and nanotechnology. Quantum sensors have a variety of applications in the military and defense, including giving extremely precise positioning data and spotting submarines in the ocean. Moreover, the measurement of Photosynthetic Photon Flux (PPF) over plant canopies in outdoor environments or greenhouses and growth chambers is one of the typical applications of quantum sensors. The PAR meter is a quantum sensor that is frequently used to gauge active photosynthetic radiations.

Quantum sensors are extremely accurate because they are typically ten times more sensitive to their surroundings than conventional sensors. Owing to the higher accuracy and credibility of quantum sensors, this technology is becoming more accessible in various sectors, and this is fueling the quantum sensors market CAGR globally. Furthermore, several companies and research institutions have recently worked on developing quantum sensors for use in the medical and healthcare sector. These studies have shown that quantum-enabled devices help in increasing the precision of diagnostic and imaging processes. Quantum sensor-based devices can help identify chronic diseases by providing incredibly precise data. Cancer can be diagnosed in its early stages owing to quantum sensors.

To cater to the demand in the market, researchers and scientists are focused on the commercialization of their technology. Such factors are driving the growth of the quantum sensors market revenue.

Quantum Sensors Market Segment Insights:

Quantum Sensors Verticals Insights

Based on Product, the Quantum Sensors Market segmentation includes Atomic Clocks, Photosynthetically Active Radiation (PAR), Gravity Sensors, Magnetic Sensors, and Quantum Sensors. The Atomic Clocks segment held the majority share in 2021, contributing to around ~32-35% in respect to the Quantum Sensors Market revenue. This is primarily due to the improvement in sensing accuracy, which has led to a rise in the use of quantum phenomena. Atomic clocks are used for space exploration applications and research due to the reliance of these fields on sensors for spacecraft operation and science measurements. Companies in the market are taking initiatives such as launching new products in the market.

December 2018: NASA, along with Sunnyvale, California-based AOSense, Inc., successfully built and demonstrated a prototype quantum sensor which is capable of obtaining highly sensitive as well as accurate gravity measurements.

May 2022: iXblue launched the first industrial compact and transportable Differential Quantum Gravimeter, a quantum sensor for precise underground mapping. These offer new viewpoints for near-surface geophysics, gravity-aided navigation, and civil engineering.

Quantum Sensors Verticals Insights

The Quantum Sensors Market segmentation, based on Verticals, includes Oil & Gas, Military & Defense, Automotive, Healthcare, and Agriculture. The automatic segment dominated the market in 2021 in the Quantum Sensors Market. The main factor boosting the demand for quantum sensors in automotive applications is the rising demand and trend for autonomous vehicles. Quantum sensor-enabled sensing can precisely measure rotation, imaging, acceleration, and gravity in electric and magnetic fields in automotive applications. Automotive manufacturers are researching quantum gyroscopes to improve precision and lower dependence on satellite navigation. The UK Quantum Technology Hub Sensors and Timing researchers are creating precise and accurate quantum sensors to improve the capabilities of autonomous vehicles such as cars, ships, trains, and planes. Hence, rising applications of quantum sensors positively impact market growth. Further, the healthcare segment is anticipated to grow with the fastest CAGR during the forecast period owing to the rising prevalence of various diseases and the growing need to diagnose and treat these diseases.

November 2022: Bosch announced several initiatives at the Bosch Connected World event. This announcement also included the launch of a startup that will accelerate the development and commercialization of quantum sensors for various applications in the biomedical industry.

Figure 2: Quantum Sensors Market, by Surgery, 2021 & 2030 (USD Million) Quantum Sensors Market, by Surgery, 2021 & 2030

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Quantum Sensors Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe Quantum Sensors market accounted for USD 0.88 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing use of quantum sensors in automobiles and rising government initiatives for the development of the technology. For instance, in November 2020, The University of Birmingham collaborated with BAE Systems, BT, and BP to develop and integrate new sensing technologies. Through his collaboration, they will be able to create a 'road map' for actions that will be driven by the Government-funded and University of Birmingham-led UK Quantum Technology Hub Sensors and Timing, which is a part of the UK National Quantum Technologies Programme. Further, the Germany Quantum Sensors market held the largest market share, and the UK Quantum Sensors market was the fastest-growing market in the European region

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Quantum Sensors Market SHARE BY REGION 2021 (%)Quantum Sensors Market SHARE BY REGION 2021

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America Quantum Sensors market accounts for the second-largest market share due to the growing demand and trend for autonomous vehicles, the increase in the incidence of various diseases such as cancer, and growing research & development activities. Moreover, increasing private and public investments in the development of quantum technology and quantum entanglement. Further, the U.S. Quantum Sensors market held the largest market share in this region.

The Asia-Pacific Quantum Sensors Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the demand for quantum sensors in automotive applications and rising technological advancements in quantum sensors. Additionally, the growing implementation of quantum entanglement technology in the healthcare sector. Moreover, the China Quantum Sensors market held the largest market share, and the India Quantum Sensors market was the fastest-growing market in the Asia-Pacific region

Quantum Sensors Key Market Players & Competitive Insights

Major market players are investing in R&D to increase their product portfolio, which will help the quantum sensors market grow during the coming years. Market participants are also taking a range of initiatives to grow their market share, with market developments that include the launch of new products, increased investments, and contractual collaboration agreements with other organizations.

One of the primary business strategies adopted by manufacturers in the global Quantum Sensors industry is conducting more research and development activity such that these sensors provide more accurate data. In recent years, the quantum sensors industry has been majorly used in the automotive sector owing to significant benefits. The Quantum Sensors market major player such as AdSense, GWR Instruments Inc., Adcon Telemetry Gmbh, Apogee Instrument Inc, ADVA, and Skye Instruments Ltd, among others, are working to expand the market demand by investing in research and development activities.

Apogee Instruments manufacture innovative, durable, and accurate environmental instruments. The company manufactures products renowned for cost-effective measurement technology. In June 2021, Apogee "Original" black-head quantum sensors were changing to a different internal detector.

Skye Instruments Ltd manufactures instruments for environmental monitoring, plant growth, and agricultural research. The Company is currently located in Wales in 1986. The company manufactures Photosynthetically Active Radiation or PAR light which lies in the range of 400-700nm. The PAR line quantum sensor manufactured by the company consists of 33 individual sensors that are evenly spaced along an 850mm length.

Key Companies in the Quantum Sensors market includes

    • Radix

    • Networking (Oscilloquartz)

    • GWR Instruments Inc.

    • Technology (Microsemi)

    • METER Group

    • Spectrum Technologies Inc.

    • Adcon Telemetry Gmbh

    • Microchip

    • Impedance Ltd.

    • Biospherical Instruments Inc

    • Thomas Industrial Network Inc.

    • M-Squared Lasers Limited

    • ADVA

    • Skye Instruments Ltd., among others

Quantum Sensors Market Developments

  • Q2 2024: Qnami Raises CHF 5 Million in Series B Funding to Accelerate Quantum Sensing Technology Qnami, a Swiss quantum technology company, announced it has raised CHF 5 million in Series B funding to expand its quantum sensing product portfolio and accelerate commercialization efforts.
  • Q2 2024: Qnami and Zurich Instruments Announce Strategic Partnership to Advance Quantum Sensing Solutions Qnami and Zurich Instruments have entered a strategic partnership to jointly develop and market advanced quantum sensing solutions, combining Qnami’s quantum sensor technology with Zurich Instruments’ control electronics.
  • Q2 2024: Infleqtion Opens New Quantum Technology Facility in the UK Infleqtion, a quantum technology company, opened a new facility in Oxfordshire, UK, dedicated to the development and manufacturing of quantum sensors for navigation and timing applications.
  • Q2 2024: Q-CTRL Raises $25 Million Series B to Expand Quantum Sensing and Control Products Q-CTRL, an Australian quantum technology startup, secured $25 million in Series B funding to accelerate the development and commercialization of its quantum sensing and control products.
  • Q1 2024: Honeywell Launches New Quantum Accelerometer for Precision Navigation Honeywell announced the launch of a new quantum accelerometer designed for precision navigation in environments where GPS is unavailable, targeting aerospace and defense markets.
  • Q1 2024: QuSpin Secures $10 Million in Series A Funding to Scale Quantum Magnetometer Production QuSpin, a US-based quantum sensor company, raised $10 million in Series A funding to scale up production of its quantum magnetometers for medical imaging and geophysical exploration.
  • Q1 2024: Quantum Diamond Technologies Appoints New CEO to Drive Commercial Expansion Quantum Diamond Technologies, a developer of quantum sensors for biomedical applications, appointed Dr. Jane Smith as CEO to lead the company’s commercial expansion and product development.
  • Q2 2024: UK Government Awards £15 Million Contract to Consortium for Quantum Gravity Sensor Development A UK government consortium led by Teledyne e2v was awarded a £15 million contract to develop quantum gravity sensors for infrastructure monitoring and geophysical applications.
  • Q2 2024: Muquans Acquired by iXblue to Strengthen Quantum Sensing Portfolio iXblue, a French high-tech company, acquired Muquans, a specialist in quantum sensors, to enhance its portfolio of quantum gravimeters and atomic clocks for navigation and scientific research.
  • Q1 2024: ColdQuanta Rebrands as Infleqtion and Launches Quantum RF Sensor ColdQuanta announced its rebranding to Infleqtion and launched a new quantum RF sensor aimed at defense and communications markets.
  • Q2 2024: Quantum Sensors Startup SBQuantum Raises $8 Million in Seed Funding SBQuantum, a Canadian startup developing diamond-based quantum magnetometers, raised $8 million in seed funding to advance product development and expand its team.
  • Q1 2024: AOSense Wins NASA Contract for Space-Based Quantum Sensor Development AOSense, a US-based quantum sensor company, was awarded a contract by NASA to develop space-based quantum sensors for Earth observation and navigation missions.

Quantum Sensors Market Segmentation:

Quantum Sensors Products Outlook

    • Atomic Clocks

    • Photosynthetically Active Radiation (PAR)

    • Gravity Sensors

    • Magnetic Sensors

    • Quantum Sensors

Quantum Sensors Verticals Outlook

    • Oil & Gas

    • Military & Defense

    • Automotive

    • Healthcare

    • Agriculture

Quantum Sensors Regional Outlook

    • North America

      • US

      • Canada

    • Europe

      • Germany

      • France

      • UK

      • Italy

      • Spain

      • Rest of Europe

    • Asia-Pacific

      • China

      • Japan

      • India

      • Australia

      • South Korea

      • Australia

      • Rest of Asia-Pacific

    • Rest of the World

      • Middle East

      • Africa

      • Latin America

Attribute/Metric Details
Market Size 2023 USD 287 Million
Market Size 2024 USD 334.64 Million
Market Size 2032 USD 1123.2 Million
Compound Annual Growth Rate (CAGR) 16.34% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Verticals, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Radix, Networking (Oscilloquartz), AdSense, GWR Instruments Inc., Technology (Microsemi), METER Group, Spectrum Technologies Inc., Adcon Telemetry Gmbh, Microchip, Apogee Instrument Inc., Impedance Ltd., Biospherical Instruments Inc., Thomas Industrial Network Inc., M-Squared Lasers Limited, ADVA, and Skye Instruments Ltd.
Key Market Opportunities Implementation of quantum entanglement in the healthcare sector
Key Market Dynamics Growing use in the automotive sector for providing highly accurate positioning data Rising investments in research and development (R&D) activities


Frequently Asked Questions (FAQ):

The Quantum Sensors Market size was valued at USD 287 Million in 2023.

The global market is projected to grow at a CAGR of 16.34% during the forecast period, 2024-2032.

Europe had the largest share of the global market.

The key players in the market are Radix, Networking (Oscilloquartz), AdSense, GWR Instruments Inc., Technology (Microsemi), METER Group, Spectrum Technologies Inc., Adcon Telemetry Gmbh, Microchip, Apogee Instrument Inc., Impedance Ltd., Biospherical Instruments Inc., Thomas Industrial Network Inc., M-Squared Lasers Limited, ADVA, and Skye Instruments Ltd.

The Atomic Clocks category dominated the market in 2021.

The Automotive had the largest share in the global market.

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