Quantum Sensors Market 2018 with Focus on Competitive Landscape and Growth Factors

Market Scenario:

Companies such as AOSense, Inc. (U.S.), Radixx International, Inc. (U.S.), Apogee Instruments (U.S.), GWR Instruments Inc. (U.S.), MicroSemi Corporation (U.S.), M-Squared Lasers Limited (U.K), are the leading providers of quantum sensors solution to the global market. The development of next-generation sensors is propelling the Quantum Sensors Market growth to a large extent. These sensors are used in aerospace solution, as the scientists and researchers are using these sensors to detect and measure PAR levels in real time. There are various types of sensors available for various applications including photosynthetic photon flux density and photosynthetic photon flux fluence rate, which is gaining demand in the quantum sensors market. These sensors are widely used in healthcare, space and defense sectors. The quantum spin sensors is specifically used in determining defects in a diamond.

The growing demand for internet of things is boosting quantum sensors market growth to the large extent. The increasing penetration of GPS system is being widely used in aerospace, and automotive sectors. For instance, the GPS devices are used in the satellite providing GPS co-ordinates. These sensors are gaining demand in automotive sector with the increasing use for precision GPS navigation. There is growing adoption of quantum sensors in various sectors including defense, oil & gas, transportation, and construction and others. For instance, these GPS sensors which enable night-vision image sensors with the help of image sensor technology can be replaced by quantum sensing image sensors. These image sensors offer four times better image quality than the night-vision image sensors.

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Key Players

Some of the prominent players in the global quantum sensors market AOSense, Inc. (U.S.), Radixx International, Inc. (U.S.), Apogee Instruments (U.S.), GWR Instruments Inc.(U.S.), Microsemi Corporation (U.S.), M-Squared Lasers Limited (U.K), Muquans (France), Oscilloquartz  (Switzerland), Spectrum Technologies, Inc. (U.S.), Impedans Ltd (U.S.), ThomasNet (U.S.), Skye Instruments Ltd. (U.K), Decagon Devices, Inc. (U.S.), Biospherical Instruments Inc. (U.S.), Adcon Telemetry Gmbh  (Austria) among others.

Segmentation of Quantum Sensors Market:

The global quantum sensors market is segmented into product, application, verticals, and region. The product is segmented into atomic clocks, PAR quantum sensors, gravity sensors, magnetic sensors and, others. The application segment is sub-segmented into Greenhouse, Coral Aquarium, and others. The verticals segment is sub-segmented into military and defense, automotive, agriculture, oil and gas, healthcare and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

The global quantum sensors market is expected to grow at USD ~661 million by 2023 at a CAGR of ~11% during the forecast period 2017-2023.

Regional Analysis:

The regional analysis of quantum sensors market is studied for regions such as Asia Pacific (China, Japan, and India), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The quantum sensors market in this region has a huge demand due to the increasing adoption of quantum technology in the automotive sector, which is propelling the market growth to a large extent. The quantum sensors market in Europe is expected to witness rapid growth in the forthcoming period due to increasing commercialization of technologies in these region. Whereas, Asia Pacific countries such as China, Japan, and India are the emerging quantum sensors markets, which is expected to grow at the highest CAGR in the coming years.

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Intended Audience

  • Quantum sensors companies
  • Quantum sensors providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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