Quantum Sensors Market - By Product Type (Atomic Clocks, Acoustic Sensors, Gravimeters, Gyroscopes, Magnetometers, Interferometers, Quantum Imaging), By Platform, By End-Use, Competitive Market Share & Forecast 2023 - 2032

Quantum Sensors Market Size

Quantum Sensors Market size was valued at USD 270 million in 2022 and is estimated to register a CAGR of over 15% between 2023 and 2032. Quantum sensors can achieve sensitivity and precision levels that surpass classical sensors. This heightened accuracy is crucial in various applications, such as measuring gravitational fields, magnetic fields, time & frequency, where precise data is essential for research, industry, and navigation.
 

Quantum sensors have a significant role to play in environmental monitoring and climate science. Their capability to detect subtle changes in physical parameters including temperature, pressure, and magnetic fields makes them valuable tools for studying environmental changes and phenomena such as climate shifts, volcanic activity & geological processes.
 

For instance, in December 2022, AOSense developed the first generation of quantum technology. The company revealed to continue developing quantum sensors in close collaboration with the Goddard Space Flight Center of NASA for precision navigation. Quantum sensors have applications in medical diagnostics and healthcare. For example, quantum-enhanced imaging can improve the resolution and sensitivity of medical imaging techniques such as Magnetic Resonance Imaging (MRI). Quantum sensors may also enable the development of more accurate and less invasive diagnostic tools.
 

One of the major restraints in the adoption of quantum sensors is the technical complexity associated with their development and operation. Quantum sensors often require ultracold temperatures, precise laser systems, and sophisticated control & data analysis processes. This complexity can make quantum sensors challenging and expensive to manufacture, maintain & operate, limiting their widespread adoption in some applications.
 

COVID-19 Impact

The COVID-19 pandemic has affected various industries including quantum technology. Research & development activities have been disrupted and funding priorities have shifted in some regions to address immediate healthcare & economic challenges. However, the pandemic also highlighted the need for advanced sensors in healthcare such as for rapid and accurate diagnostics. Quantum sensors will play a role in future pandemic preparedness & response efforts, which will propel market landscape.
 

Quantum Sensors Market Trends

Quantum sensor technology is gradually transitioning from research laboratories to commercial applications. Startups and established companies are working on bringing quantum sensors to market in areas such as quantum gravimetry, magnetometry, and quantum-enhanced imaging. Governments and private investors are increasing their investments in quantum technologies, accelerating the development and adoption of quantum sensors.
 

These investments also support research, development, and commercialization efforts. Quantum sensors are being integrated into existing systems, enhancing their capabilities. For instance, quantum magnetometers are integrated into mineral exploration tools and autonomous vehicles for improved navigation & detection of underground resources. Their benefits and gradual adoption in various industries will boost market progression.
 

Quantum Sensors Market Analysis

Based on product type, the market is divided into atomic clocks, magnetometers, gravimeters, gyroscopes, acoustic sensors, interferometers, and quantum imaging. The atomic clocks segment dominated the market with a share of over 20% in 2022 and is estimated to reach over USD 250 million in revenue by 2032. Atomic clocks are highly precise timekeeping devices that rely on the vibrations of atoms to measure time. The most used atomic clock is the cesium atomic clock, but other types, such as hydrogen maser atomic clocks and optical lattice clocks, are also employed for specific applications.
 

Atomic clocks work on the principle that atoms oscillate at specific and highly stable frequencies when exposed to electromagnetic radiation. The most widely used atomic clock, the cesium atomic clock, measures the vibrations of cesium atoms. The consistent and predictable nature of these atomic vibrations serves as an incredibly precise reference for measuring time.
 

Based on platform, the quantum sensors market is divided into neutral atoms, photons, trapped ions, nuclear magnetic resonance, and opt mechanics. The neutral atoms segment dominated the global market with a share of over 30% in 2022 and is estimated to reach over USD 400 million by 2032. Neutral atoms are used in certain types of quantum computers, such as neutral atom quantum computers, where individual neutral atoms are manipulated and used as qubits (quantum bits). These systems offer precise control and long coherence times, making them promise in quantum computation.
 

Neutral atoms can be used in quantum sensors such as atomic magnetometers and atomic clocks. Their precise response to external electromagnetic fields and their ability to maintain stable quantum states make them valuable for measuring various physical parameters with high accuracy. Neutral atom systems can simulate complex quantum phenomena, allowing researchers to explore and understand fundamental quantum behaviors in a controlled & reproducible manner. This is particularly useful in the study of condensed matter physics and quantum many-body systems. Such benefits will propel segment growth.
 

North America dominated the global quantum sensors market with a share of over 30% in 2022. North America is home to numerous leading research institutions and universities that conduct pioneering research in quantum science & technology including quantum sensors. These institutions often collaborate with industry partners to drive innovation in this field. Both the U.S. & Canada have allocated substantial funding and resources for quantum technology research & development, which encompasses quantum sensors. Various government agencies such as the National Institute of Standards & Technology (NIST) in the U.S. have been actively involved in developing quantum sensors and standards.
 

Quantum Sensors Market Share

Apogee Instruments, Inc. is primarily known for its expertise in environmental & agricultural measurement instruments including sensors for environmental monitoring, plant research, and data acquisition systems. The field of quantum sensors often involves highly specialized and advanced technologies including quantum magnetometers, quantum gravimeters & quantum atomic clocks. These sensors are typically associated with applications such as geophysical exploration, navigation, and precise scientific measurements. While Apogee Instruments has a strong presence in the environmental measurement and agriculture technology markets, it may not be a key player in the market. Some major players operating in the market include:

• AOSense Inc.
• Apogee Instrument Inc.
• M Squared Laser Limited
• Muquans SAS
• Robert Bosch GmbH
• Mulberry Sensors
• Miraex

Quantum Sensors Industry News

• In July 2022, Qnami AG installed ProteusQ quantum sensors in the Center for Nanostructure Media lab of the Queen’s University Belfast
   
• In June 2021, Apogee Instruments, Inc. replaced its old models from the original quantum sensor series with X models. These models have different internal detectors.
   

The quantum sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2018 to 2032, for the following segments:

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By Product Type, 2018 - 2032

• Atomic Clocks
• Acoustic Sensors
• Gravimeters
• Gyroscopes
• Magnetometers
• Interferometers
• Quantum Imaging

By Platform, 2018 – 2032

• Neutral Atoms
• Photons
• Trapped Ions
• Nuclear Magnetic Resonance
• Optomechanics

By End-Use, 2018 – 2032

• Healthcare
• Aerospace & Defence
• Agriculture & Environment
• Automation
• Transportation
• Construction
• Others

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

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Taiwan
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA