Quantum Sensors Market by Product (atomic clocks, gravity sensors, photosynthetically active radiation (PAR) quantum sensors, magnetic sensors), Verticals (automotive, oil and gas, military and defense, agriculture and healthcare), Region (North America Europe, Asia Pacific, The Middle East & Africa (MEA), Latin America) - Global Forecast to 2023
Market analysis

Quantum innovation has been exceptionally foreseen because of its massive potential. Highlights, for example, high precision and accuracy are making the technology well known in different industrial spaces. The application base for quantum sensors is probably going to grow further in the years to come. Quantum advances are additionally being utilized being developed of cutting edge sensor innovation. The IoT boom is additionally forecasting favourably for the global quantum sensors market. This is attributable to the requirement for very exact detecting capacities in connected devices. GPS is likewise an essential space for quantum sensors. GPS is as a rule broadly utilized in the aviation and automotive industries. These are some of the positive factors that are highly influencing the growth of the global quantum sensors market. The market is projected to surpass the valuation of USD 300 Mn by the year 2023.

Market segmentation

The global quantum sensors market is divided on the basis of its product, verticals and regional demand. Based on its product, the global quantum sensors market is classified as Photosynthetically active radiation (PAR) quantum sensors, Atomic clocks, Magnetic sensors, Gravity sensors, Others. On the basis of its verticals, the market is categorized as Automotive, Healthcare, Military and defense, Oil and gas, Agriculture, Others.

Regional analysis

Geographically, the global quantum sensors market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Networking (Oscilloquartz), Spectrum Technologies Inc., AOSense, Radix, GWR Instruments Inc., Technology (Microsemi), METER Group, Adcon Telemetry Gmbh, Microchip, Impedans Ltd., Apogee Instrument Inc., Thomas Industrial Network Inc., are some of the major players in the global quantum sensors market.