The field of quantum gases or ultracold atoms is the fastest expanding field in physics and has wide scale implications in the field of quantum sensors.This segment is expected to expand at a CAGR of 4.7% during the forecast period.
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Quantum Sensors: Defense Industry Vertical Segment to Increase at a Relatively Higher CAGR During the Forecast Period” Beverage Coolers to be Observed in the Years to Come” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.
Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Quantum Sensors market have been elaborated upon in the research report.
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Development of ultracold atom based sensors and focus on development of precision based technologies are trending the global quantum sensors market
The field of quantum gases or ultracold atoms is the fastest expanding field in physics and has wide scale implications in the field of quantum sensors.
Quantum sensors including gravimeters and atomic clocks are developed by using atoms cooled at temperatures near to absolute zero. Muquans, which is a company manufacturing commercial gravimeters and atomic clocks, uses cold atoms to achieve higher accuracy levels than classical sensors.
Demand for precision measurement is increasing in industries and research institutes due to the development of new technologies. Universities across the U.S. are working towards enhancing accuracy of their sensors to facilitate advanced usages in the field of astronomy, GPS, communications, and other usages.
For instance, in November 2016, researchers from National Institute of Standards and Technology, in U.S. launched a new system using two atomic clock to measure timing precisely by eliminating noise between the atoms of the element cesium – 133.
In another example, CALTECH, which is a university in California, U.S. has built the world’s largest interferometer, which can measure changes in arm-length thousands of times smaller than a proton.
Technologies based on quantum physics have a potential to bring accuracy enhancements across applications in different industries. Asia Pacific has been a forerunner in adopting technologies such as quantum communication and quantum cryptography.
For example in June 2017, scientists in China successfully conducted an experiment to test the properties of quantum entanglement at distance using a satellite. While last year in November China launched a 712 KM quantum communications line, which featured high security, making the line impossible to wiretap or intercept.
Economies such as UAE and Qatar are using modern techniques and technologies in building construction. These economies have readily adopted technologies such as 3D printing and smart buildings.
Quantum sensors for applications in construction thus has a huge potential for adoption in Middle East. Recent instance is Dubai government has launched “Dubai 3D Printing Strategy” under, which it aims to use 3D printed elements in 25% of buildings by 2030.
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Theoretical research being conducted in the field of quantum physics is gradually being translated into commercially marketable technologies that can solve real problems and bring efficiency into applications using classical sensors. The Latin America Optics & Photonics Conference held in 2014 was sponsored by Optics Society in Latin America and promoted the development of marketable technologies such as quantum imaging and quantum physics.
Defense segment is expected to be the most attractive industry vertical segment during the forecast period
In 2016, defense segment was valued more than US$ 60 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period. Oil & Gas segment is also expected to register steady increase in Y-o-Y growth rates throughout the forecast period.
In terms of value, this segment is expected to expand at a CAGR of 4.7% during the forecast period.
Global Quantum Sensors Market Structure
Companies such as Microsemi Corp. and Oscilloquartz S.A. is expected to grab more than 30% market share.
Tier-2 companies, for example, Muquans SAS, AOSense, Inc., and M Squared Lasers Ltd. are likely to capture little more than 25% market share, while privately held companies such as Cryogenic Limited, Supracon AG, and GWR Instruments, Inc.
are likely to grab more than 40% share of the global quantum sensors market.
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