Quantum Sensors Market: Key Players and Competitive Landscape

 The global quantum sensors market size is projected to grow from USD 260 million in 2022 to USD 565 million by 2027 at CAGR of 16.8% during the forecast period. 

Quantum sensors measure physical quantities with the help of quantum technology or quantum states. These sensors are based on the principle of superposition of atoms, providing extreme sensitivity. They are being used in some of the most crucial applications, such as space navigation and gravity measurements. In quantum sensors, the atomic properties are unchanged while they measure the relative environmental changes; hence, they do not witness drift or noise issues like conventional sensors. Compared with conventional sensors, quantum sensors are approximately 10 times more sensitive to the environment, making them extremely precise. Thus, the demand for quantum sensors is expected to grow in critical applications such as aerospace, military & defense, automotive & transportation, and healthcare.

The market for magnetic sensors is expected to grow at a significant CAGR during the forecast period

A magnetic sensor converts the magnetic field variations into electric signals. The addition of quantum technology to the magnetic sensor improves the sensor sensitivity and reduces the size and weight of the sensor. The reduced size of magnetic sensors enables them to be used in various applications, such as microscopy, positioning systems, electric and magnetic field sensors, and communication technologies. These sensors are increasingly being used in the healthcare sector for magnetic brain mapping and dementia research. Magnetic sensors can be used in most complex brain research. Researchers at the UK Quantum Technology Hub Sensors and Timing are experimenting with magnetic sensors by applying quantum sensors to human brain imaging. The brain develops magnetic fields that can be detected by Optically Pumped Magnetometers (OPMs). This process is called magnetoencephalography (MEG). Magnetic sensors have a large scope in the field of brain research. Apart from the healthcare sector, magnetic sensors are also used in other fields, especially in mission-critical aerospace and defense applications. The identification of precise magnetic fields is crucial for space missions as well as other defense missions. Similarly, magnetic sensors play a vital role in the accurate navigation of rails and metro.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61825400

The market for construction & mining application is expected to grow at a significant CAGR during the forecast period

Construction of any structure involves digging, drilling, and underground activities to lay out the structure’s base. Underground may contain utility cables, such as telephone cables, electricity cables, gas pipelines, or water pipelines. Damage to these properties can cause massive disturbances and loss of capital. Hence, it is vital to perform an underground survey of the proposed site before starting construction. Various instruments are being used to survey the underground, but their area of survey beneath the ground is less, which causes major threats to the utility sector and health and safety concerns. Some critical pipelines are buried deep inside the ground, excluding conventional meters’ range. The quantum sensors can theoretically detect the earth’s core, so plans are being made to utilize quantum sensors in the construction sector. Hence, quantum sensors can be utilized in the infrastructure development of economies and for developing smart cities.

Asia Pacific to account for a significant share of the quantum sensors market in 2027

Asia Pacific includes developing and developed countries such as China, India, Japan, and South Korea. Strong industrial growth and high investments in the military & defense sector are the key factors driving the growth of the quantum sensors market in this region. The countries in the region are currently focused on research and development of quantum technologies and quantum sensors. They have made high investments in the development of quantum technologies. Besides, the countries in the region are major manufacturing hubs for the automotive and healthcare sectors. Thus, the expanding healthcare and automotive sectors are expected to drive the growth of the Asia Pacific quantum sensors market.

The major players include Campbell Scientific, Inc. (US), ID Quantique SA (Switzerland), LI-COR, Inc. (US), M Squared Ltd. (UK), and Muquans SAS (France).

Know more @ https://www.marketsandmarkets.com/Market-Reports/quantum-sensors-market-61825400.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441