Quantum Sensors Market - By Type, By Platform (Neutral Atoms, Photons, Trapped Ions, Nuclear Magnetic Resonance, Optomechanics), By Application (Environmental Monitoring, Medical Imaging, Precision Measurement, LiDAR), By End Use & Forecast, 2024 – 2032

Quantum Sensors Market Size

Quantum Sensors Market was valued at over USD 311.4 million in 2023 in terms of sales revenue with an estimated volume surpassing 140 million units. It is anticipated to exhibit a compound annual growth rate (CAGR) of over 15% from 2024 to 2032.
 

The ongoing advancements in quantum technology coupled with substantial research initiatives & investments are driving the innovation and development of quantum sensors. Research institutions, governments, and private entities are actively investing in quantum technology, fostering breakthroughs in manipulating quantum states, improving sensor sensitivity, and expanding their application domains. For instance, in May 2024, the Pentagon’s Defense Innovation Unit established a new portfolio to integrate nascent technology into military operations. This effort involved seeking industry proposals for quantum sensors capable of offering alternative Position, Navigation, and Timing (PNT) capabilities.
 

Quantum sensors are poised to revolutionize the automotive industry, offering a new realm of possibilities for safety, navigation, efficiency, and vehicle autonomy. These sensors, leveraging their exceptional precision and sensitivity in measuring factors, such as magnetic fields and gravity variations, can significantly enhance autonomous driving systems. Their ultra-precise detection capabilities improve navigation accuracy, ensuring reliable positioning even in challenging environments.
 

The development of compact quantum sensors to meet the growing demand for miniaturized sensors increases the complexity and cost. The compact design of sensors makes debugging difficult in case of any issue. Developing and designing application-specific sensors involves several steps & methods, such as consultancy, specification, system planning, circuit design, RF board design, and antenna design & simulation, which involve more time & cost at each step. Also, the installation of such quantum sensors for providing enhanced precision and accuracy requires a premium price range. For example, Brihanmumbai Municipal Corporation (BMC) allotted approximately 900 sqm of space for the installation of an advanced system of the Doppler quantum. It was developed to provide timely weather updates for safety measures for upcoming disasters.
 

Quantum Sensors Market Trends

Quantum sensors have garnered immense attention due to their unparalleled precision and sensitivity in measuring various physical quantities at the quantum level. This demand stems from industries requiring exceptionally accurate measurements for scientific research, healthcare, environmental monitoring, and advanced technologies. Quantum sensors' ability to detect minute changes in magnetic fields, gravity, temperature, and electromagnetic radiation makes them crucial in fields demanding ultra-high precision. For instance, in May 2022, iXblue, a high-tech company in the fields of navigation, photonics and space, and maritime autonomy, announced a scientific and technological breakthrough with the development of the first industrial compact and transportable Differential Quantum Gravimeter (DQG) in the world. With its high sensitivity and stability, the iXblue compact gravity gradiometer offers new perspectives for near-surface geophysics, civil engineering, and gravity-aided navigation.
 

The growing recognition of quantum sensors' potential applications across industries is driving their adoption and market growth. Industries including aerospace, automotive, manufacturing, and telecommunications increasingly recognize the value of quantum sensors in optimizing operations, ensuring safety, and achieving precision in critical measurements. For example, in aerospace, quantum sensors offer improved navigation systems, enabling more accurate positioning and movement tracking of aircraft & satellites.
 

The automotive sector explores their integration into advanced driver assistance systems (ADAS), enhancing safety measures and autonomous driving capabilities. These industries are recognizing the transformative potential of quantum sensors, and hence their adoption is expanding, fostering further research, innovation, and market growth in this domain. For instance, in August 2022, Q-CTRL launched its new quantum sensing division. The company has enabled capabilities that would be otherwise impossible through a combination of advancements in system design with new modes of operation unlocked by advanced software, AI automation, and signal processing.
 

Quantum Sensors Market Analysis

Based on end use, the market is divided into aerospace & defense, agriculture & environment, oil & gas, transportation, healthcare, automation, construction, and others. The healthcare segment accounted for a dominant market share in 2023 and is slated to register a CAGR of over 15% till 2032.
 

• Quantum sensors are being used in construction for precise measurements and monitoring. They provide unmatched precision in structural health monitoring, detecting minute changes in buildings or infrastructure. Their sensitivity aids in subsurface mapping and geotechnical analysis for efficient excavation. Quantum sensors also improve surveying accuracy, ensuring precise alignments and measurements. These advantages drive their incorporation into construction practices, revolutionizing the industry's quality control, safety, and efficiency.
   
• Quantum sensors ensure the collection of highly detailed physiological data, allowing for personalized treatment plans based on individual patient profiles. This enhances the effectiveness and accuracy of therapies and reduces side effects. Continuous and real-time monitoring of patients' vital signs and biochemical markers helps in tailoring treatments and adjusting dosages in real time.
   

Based on type, the market is segmented into atomic clocks, magnetometers, gravimeters, gyroscopes, acoustic sensors, interferometers, and quantum imaging. The atomic clocks segment dominated the market and expected to reach over 300 million by 2032.
 

• The atomic clock, a prominent type of quantum sensor, is experiencing growth due to its superior timekeeping precision. Its integration into various technologies, such as GPS, communication networks, and scientific research, will drive demand. Atomic clocks benefit from increased precision, reliability, and portability as quantum sensor technology evolves. For instance, in December 2022, Scientists from Cornell University, Stanford University, and the U.S. Department of Energy’s (DOE) Brookhaven National Laboratory entangled atoms for the first time to create networked quantum sensors. These sensors are produced for ultra-precise atomic clocks and accelerometers. The outcome, which was published in Nature, was partially funded by Q-NEXT, a National Quantum Information Science Research Center run by the Argonne National Laboratory of the DOE.
   
• In quantum networks, atomic clocks synchronize operations across different quantum nodes, ensuring coherence and reliable quantum communication. Timekeeping with atomic precision aids in error correction and the stability of qubits in quantum computers. Global collaboration in the R&D of atomic clocks leads to shared advancements and standardization in precision timekeeping.
   

North America is expected to account for a significant growth in the quantum sensors market owing to increased investments in quantum technology development, increased adoption of autonomous vehicles, and the rising demand for precision sensors in healthcare & defense applications. The region's strong research infrastructure, combined with the presence of leading technology companies, is expected to propel market expansion.
 

Large investments from the public and private sectors help the U.S. to maintain a leading position in quantum technology research. Innovations are driven in the country by partnerships between startups, major technology companies, and academia as well as by a strong innovation ecosystem. For instance, in August 2023, 18 research teams won a funding of USD 29 million from the U.S. National Science Foundation. The supportive infrastructure and conducive market conditions in the U.S. position it as a frontrunner in quantum sensor development and adoption.
 

The quantum sensors market is experiencing significant growth in Asia Pacific, estimated to reach USD 250 million by 2032. The region is home to numerous leading research institutions and universities that focus on quantum science & technology including quantum sensors. These institutions often collaborate with industry partners to drive innovations in this field. Both the U.S. and Canada have allocated substantial funding and resources for quantum technology R&D, which encompasses quantum sensors.
 

Many countries in the Asia Pacific region, such as China, Japan, South Korea, and Singapore, are heavily investing in quantum technologies. These investments are aimed at enhancing national security, advancing scientific research, and developing cutting-edge technological capabilities. The sensors can provide higher sensitivity and precision, improving the accuracy of medical examinations. For instance, in April 2022, Keysight Technologies, Inc., a leading provider of advanced design and validation solutions, and Singapore's Quantum Engineering Programme (QEP) signed a Memorandum of Understanding (MOU) to collaborate for accelerating research, development, and education in quantum technologies.
 

In January 2023, the Korea Research Institute of Standards and Science (KRISS) opened an institute specialized in developing military quantum computing and sensing technology. Located in Daejeon, 164 kilometers south of Seoul, the institute plans to develop quantum computing and sensing technologies for military applications and foster professionals in partnership with local universities over the next five years.
 

Quantum Sensors Market Share

LI-COR, Inc. and AOSense Inc. together held a significant share of over 20% in the quantum sensors industry in 2023. LI-COR, Inc. is a leading manufacturer of scientific instruments and software used for environmental and biotechnology research. The company offers a range of sensors and instruments that utilize advanced technologies including some that may incorporate principles of quantum mechanics. The company’s products are widely used in environmental monitoring, plant physiology research, and atmospheric science.
 

AOSense Inc. is a prominent player in the market, specializing in the development and commercialization of precision quantum sensing technologies. It specializes in the development of advanced atomic clocks based on quantum principles. These atomic clocks offer exceptional accuracy and stability, making them suitable for a wide range of applications including timekeeping, synchronization, and navigation.
 

Quantum Sensors Market Companies

Major players operating in the quantum sensors industry are:

• LI-COR, Inc.
• AOSense      
• M Squared Lasers    
• ID Quantique 
• Campbell Scientific Inc.
• Atomionics
• Apogee Instruments
   

Quantum Sensors Industry News

• In October 2023, IDQ and SK Telecom completed five years of collaboration. The two companies joined forces to accelerate the market adoption of quantum-safe security and quantum sensing solutions. Over the past five years, ID Quantique and SK Telecom delivered several innovative projects, beginning in 2019 when IDQ’s Quantum Key Distribution (QKD) technology was deployed over SK Telecom’s 5G backbone.
   
• In June 2021, Atomionics invested USD 2.5 million in building quantum sensors in Singapore. It expanded its team to accelerate the development of its sensing technology. The company assembled the optical and electronic components of a quantum sensor in a robust form to bring it out of the lab. It built a portable atomic interferometer that can measure gravity to higher precision than existing commercial gravimeters, potentially revealing information about structures beneath the Earth’s surface.
   

The quantum sensors market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million & Units) from 2024 to 2032, for the following segments:

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Market, By Type

• Atomic clocks
• Magnetometers
• Gravimeters
• Gyroscopes
• Acoustic sensors
• Interferometers
• Quantum imaging

Market, By Platform

• Neutral atoms
• Photons
• Trapped ions
• Nuclear magnetic resonance
• Optomechanics

Market, By End Use

• Aerospace & defense
• Agriculture & environment
• Oil & gas
• Transportation
• Healthcare
• Automation
• Construction
• Others

Market, By Application

• Environmental monitoring
• Medical imaging
• Precision measurement
• LiDAR

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • GCC
  • South Africa
  • Rest of MEA