Quantum Sensors Market by Product, Application, and Geography - Forecast and Analysis 2019-2023

Global Quantum Sensors Market

About this market

Technavio’s quantum sensors market analysis considers sales from atomic clocks, PAR quantum sensors, gravity sensors, magnetic sensors, imaging sensors, and rotational sensor products. Our analysis also considers the sales of quantum sensors in the Americas, APAC, and EMEA. In 2018, the atomic clocks segment had a significant market share. However market growth in the atomic clocks segment will be slower than the growth of the market in PAR quantum sensors segment. Factors such as increasing number of environmental studies and agronomic and agricultural research projects will play a significant role in the PAR quantum sensors segment to maintain its market position. Also, our global quantum sensors market report looks at factors such as rising investments in quantum technology by market participants, growing number of research activities in the market, and introduction of modern technologies in the market. However, challenges in commercializing products, quantum decoherence, and dependency on few key suppliers may hamper the growth of the quantum sensors industry over the forecast period.

Global Quantum Sensors Market

Overview

Rising investments in quantum technology by market participants

Market participants are investing in the development of new products to explore the potential applications of quantum sensing. Many governments across the world are providing grants to help vendors increase their R&D efforts. For instance, the US Department of Energy (DOE) recently announced to provide financial assistance for research in Quantum Information Science (QIS) related to both particle physics and fusion energy sciences. The increasing investments in the market will lead to the expansion of the global quantum sensors market at a CAGR of over 11% during the forecast period.

Growing number of strategic partnerships in the market

The growth of the global quantum sensors market is driven by an increasing number of strategic partnerships. Vendors in the market are forming strategic partnerships with other vendors, research institutes, labs, and distributors Strategic partnerships enable market participants to leverage each other's technological expertise for product development. For instance, in June 2019, the Qatar Environment and Energy Research Institute (QEERI) partnered with Japan’s International Center for Materials Nanoarchitechtonics to develop multiple nano-electronic devices, quantum sensors, and other quantum electronics. It enables vendors to expand their strong geographical presence and gain access to new clients. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global quantum sensors market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global quantum sensors market is moderately fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading quantum sensors manufacturers, that include ADVA Optical Networking SE, AOSense Inc., Apogee Instruments Inc., GWR Instruments Inc., Kipp & Zonen BV, LI-COR Inc., Microsemi Corp., M-Squared Lasers Ltd., Muquans, and Skye Instruments Ltd.

Also, the quantum sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Key market offering
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electronics market
      • Table Segments of global electronics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Type - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Atomic clocks - Market size and forecast 2018-2023
      • Table Atomic clocks - Market size and forecast 2018-2023 ($ millions)
      • Table Atomic clocks - Year-over-year growth 2019-2023 (%)
    • PAR quantum sensors - Market size and forecast 2018-2023
      • Table PAR quantum sensors - Market size and forecast 2018-2023 ($ millions)
      • Table PAR quantum sensors - Year-over-year growth 2019-2023 (%)
    • Gravity sensors - Market size and forecast 2018-2023
      • Table Gravity sensors - Market size and forecast 2018-2023 ($ millions)
      • Table Gravity sensors - Year-over-year growth 2019-2023 (%)
    • Magnetic sensors - Market size and forecast 2018-2023
      • Table Magnetic sensors - Market size and forecast 2018-2023 ($ millions)
      • Table Magnetic sensors - Year-over-year growth 2019-2023 (%)
    • Imaging sensors
    • Rotational sensors
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Military and defense - Market size and forecast 2018-2023
      • Table Military and defense - Market size and forecast 2018-2023 ($ millions)
      • Table Military and defense - Year-over-year growth 2019-2023 (%)
    • Agriculture - Market size and forecast 2018-2023
      • Table Agriculture - Market size and forecast 2018-2023 ($ millions)
      • Table Agriculture - Year-over-year growth 2019-2023 (%)
    • Oil and gas - Market size and forecast 2018-2023
      • Table Oil and gas - Market size and forecast 2018-2023 ($ millions)
      • Table Oil and gas - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Healthcare - Market size and forecast 2018-2023
      • Table Healthcare - Market size and forecast 2018-2023 ($ millions)
      • Table Healthcare - Year-over-year growth 2019-2023 (%)
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 ($ millions)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing number of strategic partnerships in the market
    • Emergence of new applications of quantum sensors
    • Use of NV color centers for manufacturing quantum sensors
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ADVA Optical Networking SE
      • Table ADVA Optical Networking SE - Vendor overview
      • Table ADVA Optical Networking SE - Organizational developments
      • Table ADVA Optical Networking SE - Geographic focus
      • Table ADVA Optical Networking SE - Key offerings
    • AOSense Inc.
      • Table AOSense Inc. - Vendor overview
      • Table AOSense Inc. - Product segments
      • Table AOSense Inc. - Organizational developments
      • Table AOSense Inc. - Key offerings
    • Apogee Instruments Inc.
      • Table Apogee Instruments Inc. - Vendor overview
      • Table Apogee Instruments Inc. - Business segments
      • Table Apogee Instruments Inc. - Organizational developments
      • Table Apogee Instruments Inc. - Key offerings
    • GWR Instruments Inc.
      • Table GWR Instruments Inc. - Vendor overview
      • Table GWR Instruments Inc. - Product segments
      • Table GWR Instruments Inc. - Key offerings
    • Kipp & Zonen BV
      • Table Kipp & Zonen BV - Vendor overview
      • Table Kipp & Zonen BV - Product segments
      • Table Kipp & Zonen BV - Organizational developments
      • Table Kipp & Zonen BV - Key offerings
    • LI-COR Inc.
      • Table LI-COR Inc. - Vendor overview
      • Table LI-COR Inc. - Business segments
      • Table LI-COR Inc. - Key offerings
    • Microsemi Corp.
      • Table Microsemi Corp. - Vendor overview
      • Table Microsemi Corp. - Business segments
      • Table Microsemi Corp. - Organizational developments
      • Table Microsemi Corp. - Key offerings
    • M-Squared Lasers Ltd.
      • Table M-Squared Lasers Ltd. - Vendor overview
      • Table M-Squared Lasers Ltd. - Product segments
      • Table M-Squared Lasers Ltd. - Organizational developments
      • Table M-Squared Lasers Ltd. - Key offerings
    • Muquans
      • Table Muquans - Vendor overview
      • Table Muquans - Product segments
      • Table Muquans - Key offerings
    • Skye Instruments Ltd.
      • Table Skye Instruments Ltd. - Vendor overview
      • Table Skye Instruments Ltd. - Product segments
      • Table Skye Instruments Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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