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Quantum Sensors Market Trends

  • Report ID: GMI7088
  • Published Date: Jun 2024
  • Report Format: PDF

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.
 

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for quantum sensors was valued at USD 311.4 million in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032, driven by advancements in quantum technology and research initiatives along with increasing demand from the automotive sector.

The healthcare segment in the quantum sensors market is expected to witness 15% CAGR through 2032 as they allow detailed physiological data collection, enabling personalized treatments, real-time monitoring, and enhanced therapy accuracy for transforming patient care.

Asia Pacific market is expected to reach USD 250 million by 2032 due to the presence of leading research institutions and universities and collaboration between institutions and industry partners.

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

Quantum Sensors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 389
  • Countries covered: 21
  • Pages: 220
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