Global Quantum Sensor Market Size, Share, Opportunities And Trends By Type (Magnetic Sensor, Atomic Clock, Gravity Sensor, Rotation Sensors, Temperature Sensors, Imaging Sensors), By End User Industry (Oil & Gas, Defense, Construction, Transportation, Others), And Geography - Forecasts From 2019 To 2024

Introduction

In order to achieve a better sensitivity or resolution as compared to that achieved by using only classical systems, a device has been made to exploit quantum correlations, such as quantum entanglement, and this device is known as the quantum sensor. It can measure the impact of the other system’s quantum state on itself; this activity influences the quantum state and changes the uncertainty of the state during measurement. Quantum sensors are also used to manufacture improved atomic clocks and more sensitive magnetometers. An APD avalanche photodiode such as AD500-8 TO52S1 is an early quantum sensor which is used in the detection of entangled photons.

Market Outlook

The quantum sensors are also used to meet the security and environmental standards as they are able to improve the overall efficiency of the vehicles. These sensors are present in large numbers in various parts of the automobiles such as carputers, driver assist systems, telematics, engine systems, in-car entertainment systems and heads-up display (HUD) system among other parts. Therefore, the rapid increase in the electronic systems integrated into vehicles drives the global market for quantum sensors primarily. Huge numbers of sensors are required to make such electronic systems work efficiently.

Geographic Outlook

Geographically stating, Europe is driving the global market of quantum sensors on account of increasing research and development in the field of quantum gases or ultracold atoms. The quantum sensors use atoms cooled at temperatures near to absolute zero during their manufacturing. Moreover, the region of the Middle East and Africa uses modern techniques such as 3D printing and smart buildings in construction and these techniques include the application of quantum sensors; hence the Middle East and Africa region which is witnessing an upsurge in construction activities has tremendous opportunities to offer to the market of quantum sensors.

Research Methodology

Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Quantum Sensor. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Thirdly, Quantum Sensor Market has been segmented on the basis of type, end user

industry and geography as follows:

By Type

Magnetic Sensor

Atomic Clock

Gravity Sensor

Rotation Sensors

Temperature Sensors

Imaging Sensors

By End User Industry

Oil & Gas

Defense

Construction

Transportation

Others

By Geography

North America

U.S.

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

UK

Germany

France

Italy

Others

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

Asia-Pacific

Japan

China

India

Australia

South Korea

Others

Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are M-Squared Lasers Limited and Apogee Instruments, Inc.