Quantum Sensors Market Research Report- Forecast till 2027

Quantum Sensors Market By Product (Atomic Clocks, Gravity Sensors, Photosynthetically Active Radiation (PAR) Quantum Sensors, Magnetic Sensors), Verticals (Automotive, Oil and Gas, Military and Defense, Agriculture and Healthcare) - Forecast to 2027

ID: MRFR/SEM/3835-CR | February, 2020 | Region : Global

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope of the Study 15

2.3 List of Assumptions 16

2.4 Market Structure 16

3 Market Insights

4 Research Methodology

4.1 Research Process 21

4.2 Forecast Model 25

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 28

5.2.1 Growing penetration of quantum technology including quantum cryptography and quantum cryptology in healthcare 28

5.2.2 Development of next-generation sensors 28

5.2.3 Drivers Impact Analysis 29

5.3 Challenge 29

5.3.1 Lack of Technical Expertise 29

5.4 Opportunity 30

5.4.1 Growing demand for the Internet of Things 30

6 Market Factor Analysis

6.1 Supply Chain Analysis 32

6.2 Porterโ€™s Five Forces Model 33

6.2.1 Threat of New Entrants 34

6.2.2 Bargaining Power of Suppliers 34

6.2.3 Bargaining Power of Buyers 34

6.2.4 Threat of Substitutes 34

6.2.5 Intensity of Rivalry 34

7 Global Quantum Sensors Market, By Product

7.1 Overview 36

7.1.1 Atomic Clocks 36

7.1.2 PAR Quantum Sensors 36

7.1.3 Gravity Sensors 36

7.1.4 Magnetic Sensors 36

8 Global Quantum Sensors Market, By Vertical

8.1.1 Overview 39

8.1.2 Military and Defense 39

8.1.3 Automotive 39

8.1.4 Agriculture 39

8.1.5 Oil and Gas 40

8.1.6 Healthcare 40

8.1.7 Others 40

9 Global Quantum Sensors Market, By Region

9.1 Overview 43

9.2 North America: 45

9.2.1 US 48

9.2.2 Canada 49

9.2.3 Mexico 50

9.3 Europe 51

9.3.1 Germany 54

9.3.2 UK 55

9.3.3 France 56

9.3.4 Rest of Europe 57

9.4 Asia-Pacific 58

9.4.1 China 61

9.4.2 Japan 62

9.4.3 India 63

9.4.4 Rest of Asia-Pacific 64

9.5 Rest of the World 65

9.5.1 Latin America 68

9.5.2 The Middle East & Africa 68

10 Competitive Landscape

10.1 Competitive Scenario 71

11 Company Profiles

11.1 AOSense 76

11.1.1 Company Overview 76

11.1.2 Products/Services/Solutions Offered 76

11.1.3 Key Developments 76

11.2 Radix 77

11.2.1 Company Overview 77

11.2.2 Products/Services/Solutions Offered 77

11.3 Apogee Instruments Inc. 78

11.3.1 Company Overview 78

11.3.2 Products/Services/Solutions Offered 78

11.3.3 Key Developments 79

11.4 GWR Instruments Inc. 80

11.4.1 Company Overview 80

11.4.2 Products/Services/Solutions Offered 80

11.5 Microchip Technology (Microsemi) 81

11.5.1 Company Overview 81

11.5.2 Financial Overview 81

11.5.3 Products/Services/Solutions Offered 82

11.5.4 Key Developments 82

11.5.5 SWOT Analysis 82

11.5.6 Key Strategy 82

11.6 M-Squared Lasers Limited 83

11.6.1 Company Overview 83

11.6.2 Products/Services/Solutions Offered 83

11.6.3 Key Developments 83

11.7 Muquans 84

11.7.1 Company Overview 84

11.7.2 Products/Services/Solutions Offered 84

11.7.3 Key Developments 84

11.8 ADVA Optical Networking (Oscilloquartz) 85

11.8.1 Company Overview 85

11.8.2 Financial Overview 85

11.8.3 Products/Services/Solutions Offered (Oscilloquartz) 86

11.8.4 Key Developments 86

11.8.5 Key Strategy 86

11.9 Spectrum Technologies Inc. 87

11.9.1 Company Overview 87

11.9.2 Products/Services/Solutions Offered 87

11.10 Impedans Ltd. 88

11.10.1 Company Overview 88

11.10.2 Products/Services/Solutions Offered 88

11.11 Thomas Industrial Network Inc. 89

11.11.1 Company Overview 89

11.11.2 Products/Services/Solutions Offered 89

11.12 Skye Instruments Ltd. 90

11.12.1 Company Overview 90

11.12.2 Products/Services/Solutions Offered 90

11.13 METER Group 91

11.13.1 Company Overview 91

11.13.2 Products/Services/Solutions Offered 91

11.14 Biospherical Instruments Inc. 92

11.14.1 Company Overview 92

11.14.2 Products/Services/Solutions Offered 92

11.15 Adcon Telemetry Gmbh 93

11.15.1 Company Overview 93

11.15.2 Products/Services/Solutions Offered 93

12 List of Tables

TABLE 1 MARKET SYNOPSIS 13

TABLE 2 LIST OF ASSUMPTIONS 16

TABLE 3 GLOBAL QUANTUM SENSORS MARKET, BY PRODUCT BY VOLUME, 2020-2027 (K UNITS) 37

TABLE 4 GLOBAL QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 37

TABLE 5 GLOBAL QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 41

TABLE 6 GLOBAL QUANTUM SENSORS MARKET, BY VOLUME, 2020-2027 (K UNITS) 43

TABLE 7 GLOBAL QUANTUM SENSORS MARKET, BY REGION, 2020-2027 (USD MILLION) 44

TABLE 8 NORTH AMERICA QUANTUM SENSORS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 45

TABLE 9 NORTH AMERICA QUANTUM SENSORS MARKET, BY VOLUME, 2020-2027 (K UNITS) 46

TABLE 10 NORTH AMERICA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 46

TABLE 11 NORTH AMERICA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 47

TABLE 12 US QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 48

TABLE 13 US QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 48

TABLE 14 CANADA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 49

TABLE 15 CANADA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 49

TABLE 16 MEXICO QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 50

TABLE 17 MEXICO QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 50

TABLE 18 EUROPE QUANTUM SENSORS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 51

TABLE 19 EUROPE QUANTUM SENSORS MARKET, BY VOLUME, 2020-2027 (K UNITS) 52

TABLE 20 EUROPE QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 52

TABLE 21 EUROPE QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 53

TABLE 22 GERMANY QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 54

TABLE 23 GERMANY QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 54

TABLE 24 UK QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 55

TABLE 25 UK QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 55

TABLE 26 FRANCE QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 56

TABLE 27 FRANCE QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 56

TABLE 28 REST OF EUROPE QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 57

TABLE 29 REST OF EUROPE QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 57

TABLE 30 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 58

TABLE 31 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY VOLUME, 2020-2027 (K UNITS) 59

TABLE 32 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 59

TABLE 33 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 60

TABLE 34 CHINA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 61

TABLE 35 CHINA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 61

TABLE 36 JAPAN QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 62

TABLE 37 JAPAN QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 62

TABLE 38 INDIA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 63

TABLE 39 INDIA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 63

TABLE 40 REST OF ASIA-PACIFIC QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 64

TABLE 41 REST OF ASIA-PACIFIC QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 64

TABLE 42 REST OF THE WORLD QUANTUM SENSORS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 65

TABLE 43 REST OF THE WORLD QUANTUM SENSORS MARKET, BY PRODUCT, BY VOLUME, 2020-2027 (K UNITS) 66

TABLE 44 REST OF THE WORLD QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 66

TABLE 45 REST OF THE WORLD QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 67

TABLE 46 LATIN AMERICA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 68

TABLE 47 LATIN AMERICA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 68

TABLE 48 THE MIDDLE EAST & AFRICA QUANTUM SENSORS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 68

TABLE 49 THE MIDDLE EAST & AFRICA QUANTUM SENSORS MARKET, BY VERTICAL, 2020-2027 (USD MILLION) 69

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13 List of Figures

FIGURE 1 GLOBAL QUANTUM SENSORS MARKET: MARKET STRUCTURE 16

FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 18

FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 18

FIGURE 4 ASIA-PACIFIC MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 6 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 7 DOC ANALYSIS OF GLOBAL QUANTUM SENSORS MARKET 27

FIGURE 8 DRIVERS IMPACT ANALYSIS: QUANTUM SENSORS MARKET 29

FIGURE 9 SUPPLY CHAIN: QUANTUM SENSORS MARKET 32

FIGURE 10 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL QUANTUM SENSORS MARKET 33

FIGURE 11 GLOBAL QUANTUM SENSORS MARKET, BY PRODUCT, 2020 TO 2027 (USD MILLION) 37

FIGURE 12 GLOBAL QUANTUM SENSORS MARKET, BY VERTICAL, 2020 TO 2027 (USD MILLION) 41

FIGURE 13 GLOBAL QUANTUM SENSORS MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 43

FIGURE 14 NORTH AMERICA QUANTUM SENSORS MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 45

FIGURE 15 NORTH AMERICA QUANTUM SENSORS MARKET, BY PRODUCT, 2020 TO 2027 (USD MILLION) 46

FIGURE 16 NORTH AMERICA QUANTUM SENSORS MARKET, BY VERTICAL, 2020 TO 2027 (USD MILLION) 47

FIGURE 17 EUROPE QUANTUM SENSORS MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 51

FIGURE 18 EUROPE QUANTUM SENSORS MARKET, BY PRODUCT, 2020 TO 2027 (USD MILLION) 52

FIGURE 19 EUROPE QUANTUM SENSORS MARKET, BY VERTICAL, 2020 TO 2027 (USD MILLION) 53

FIGURE 20 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 58

FIGURE 21 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY PRODUCT, 2020 TO 2027 (USD MILLION) 59

FIGURE 22 ASIA-PACIFIC QUANTUM SENSORS MARKET, BY VERTICAL, 2020 TO 2027 (USD MILLION) 60

FIGURE 23 REST OF THE WORLD QUANTUM SENSORS MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 65

FIGURE 24 REST OF THE WORLD QUANTUM SENSORS MARKET, BY PRODUCT, 2020 TO 2027 (USD MILLION) 66

FIGURE 25 REST OF THE WORLD QUANTUM SENSORS MARKET, BY VERTICAL, 2020 TO 2027 (USD MILLION) 67

FIGURE 26 GLOBAL BENCHMARKING OF MAJOR COMPETITORS 72

FIGURE 27 COMPETITIVE BENCHMARKING OF QUANTUM SENSOR MARKET, BY NORTH AMERICA 73

FIGURE 28 COMPETITIVE BENCHMARKING OF QUANTUM SENSOR MARKET, BY EUROPE 73

FIGURE 29 COMPETITIVE BENCHMARKING OF QUANTUM SENSOR MARKET, BY ASIA-PACIFIC 74

FIGURE 30 COMPETITIVE BENCHMARKING OF QUANTUM SENSOR MARKET, BY REST OF THE WORLD 74

Quantum Sensors Market

Quantum Sensors Market is to reach USD 300 Million by 2023, and 5.49 % CAGR during the forecast period (2018-2023).

Segmentation

By Product Atomic Clocks Photosynthetically Active Radiation (Par) Gravity Sensors Magnetic Sensors Quantum Sensors
By Verticals Oil & Gas Military & Defense Automotive Healthcare Agriculture

Key Players

  • 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
  • Skye Instruments Ltd.

Drivers

  • Rising demand from the electronics automotive healthcare and defense sectors
  • Growing investments across different sectors.
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Quantum Sensors Market Competitive Landscape
The quantum sensors market consists of various privately held consulting firms. Growing penetration of quantum technology including quantum cryptography and quantum cryptology in healthcare and growing modifications and developments of next-generation sensors is positively impacting the quantum sensors market. The manufacturing firms compete with each other to provide cost-efficient and technologically advanced sensors to businesses and customers. The quantum sensor manufacturers and providers offer a wide range of quantum sensors ranging from gravimeters to PAR sensors. However, according to MRFR analysis, the growth of the quantum sensor manufacturers is dependent on market conditions, digitization, as well as industrial development.


AOSense (US), Radix (India), Apogee Instruments Inc. (US), GWR Instruments Inc. (US), Microchip Technology (US), M-Squared Lasers Limited (UK), Muquans (UK), ADVA Optical Networking (Germany), Spectrum Technologies Inc. (US), Impedans Ltd. (UK), Thomas Industrial Network Inc. (US), Skye Instruments Inc. (UK), METER Group (US), Biospherical Instruments Inc. (US), and Adcon Telemetry Gmbh (Austria) are some of the prominent players competing in the quantum sensors market to provide better and technologically advanced products in order to increase their geographical presence and enhance customer and business engagement.


These companies follow an organic as well as inorganic growth approach through product and service upgrades, partnerships, and collaborations to offer sensors for companies to sustain competition. The prominent players are highly focused on offering products to provide accurate and secure sensors in various military and defence, automotive, healthcare, transportation and navigation, and other verticals. Additionally, it is witnessed that improvements of the global economic scenario combined with technical advancements along with an increase in the need for business and industrial centric sensors is fueling the growth of the market. The niche environment in the quantum sensors market is likely to intensify to get competitive due to the increasing technological innovations, and mergers and acquisitions.


AOSense engages in the development and manufacturing of quantum technology along with inertial and gravity sensors. The company specializes in atom optic techniques. The optic techniques are used in the development of a variety of systems and devices, used for navigation, timekeeping, gravity measurement, quantum computing, and geophysical exploration. Additionally, the company recently launched a navigation-system which combines the traditional atomic inertial and solid-state sensor technology.


Radix engages in manufacturing a variety of sensors, instruments, control panels, automation, and gauges for monitoring pressure and temperature. The company offers comprehensive SCADA and PLC automation solutions. Furthermore, the company engages in system integration along with the construction of control panels. The sensors offered by Radix are customized for every client according to end-use application.


Apogee Instruments Inc. engages in the creation of instruments comprising sensors, cables, radiometers, and others. These instruments are used for measuring climate changes, renewable energy, monitoring and developing renewable energy, and sustainable food production. The company is also associated with the manufacturing and production of sensors including quantum sensors, UV sensors, NDVI and PRI sensors, photometric sensors, temperature sensors, oxygen sensors, and others. Apogee Instruments Inc. launched a solution for field logging with full-spectrum quantum USB sensor.


GWR Instruments Inc. engages in the manufacturing of superconducting gravimeters. These gravimeters are sensors which are designed especially for geophysical research, including hydrology, seismology, volcanology, sea level change, tectonics, and lunar laser ranging. The company includes applications for geothermal, low frequency, hydrological, and volcanic monitoring.


Microsemi is a subsidiary of Microchip Technology Inc. which engages in the development and manufacturing of semiconductor products. The company operates through two segments: technology licensing and semiconductor products. The semiconductor products segment offers designing, manufacturing, developing, and marketing tools, microcontrollers, semiconductors, and analog interface products. Microchip Technologies Inc. adopts organic as well as inorganic growth strategy as the company focuses on providing enhanced technology products and solutions to customers worldwide. The company strategizes its reach to customers by providing specialized semiconductor products, solutions, and applications with embedded solutions, software, and analog interface tools.