Quantum Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global quantum sensors market is projected for strong growth, expected to rise from US $336 million in 2024 to US $736 million by 2031, with a compound annual growth rate (CAGR) of 11.8%. This expansion is fueled by advancements in quantum technologies and their growing commercial applications. The market is distinguished by innovations such as atomic clocks, highly sensitive quantum gravitometers, and quantum interference microscopy, all of which are enhancing precision across industrial, commercial, and residential sectors.

Driving Factors for Growth

One of the primary driving factors is the intensifying focus on the commercialization of quantum technology. Research institutions and corporations are exploring new applications for quantum sensors, fostering collaborations aimed at transitioning these technologies from the laboratory to market-ready products. This trend is bolstered by notable deployments by companies such as Qnami AG, which placed its quantum sensors in Queen University Belfast's Center for Nanostructured Media, and ID Quantique SA, known for its effective time control devices in photon applications.

Regional Market Dynamics

In North America, the quantum sensors market maintains a dominant position, attributed to significant investments in quantum technologies and applications, especially in the medical and technological sectors. The US region, in particular, is a notable contributor to this dominance, with a strong focus on enhancing technological capabilities through quantum entanglement and sensor applications.

Europe also shows robust market activity, with countries like Germany leading in market share due to ongoing technological advancements and research activities. The region benefits from a focus on energy-efficient and compact sensor solutions compared to traditional sensors.

Market Opportunities in Quantum Computing

In regions like India, the government's substantial investment in research and development activities is propelling the quantum computing market. The emphasis on R&D is expected to unlock new opportunities across various industries such as construction, military, automotive, and more, leveraging quantum technology for enhanced precision and efficiency.

Industry-wise Insights

Magnetic Sensors

Magnetic sensors dominate the market segment, driven by their increasing implementation in defense and military applications and supported by rising government investments across various countries. The push towards commercializing quantum sensor technology further amplifies the demand for magnetic sensors, highlighting their critical role in modern defense strategies.

Defense Sector

The defense sector is projected to experience the fastest growth within the quantum sensors market. This surge is due to the escalating interest of governments in quantum technologies for defense applications, promoting the development and deployment of advanced sensor technologies to meet modern military needs.

Competitive Analysis

The market Analysis is highly collaborative, with major companies partnering to expand and enhance quantum sensor technologies. Noteworthy collaborations include the Australian startup Q-Ctrl, which is developing quantum sensors for space applications, and the joint effort by the Tokyo Institute of Technology and Yazaki Corporation, which produced a diamond quantum sensor capable of high-precision current measurements in challenging environments.

Key Companies Profiled

Microsemi Corp. (Microchip Technology Inc.)
Oscilloquartz S.A. (ADVA Optical Networking)
Muquans (iXBlue)
Supracon AG
M Squared Lasers Limited
GWR Instruments, Inc.
Cryogenic Limited
AOSense

Key Segments of Quantum Sensors Market Industry Research

By Type:

Atomic Clocks
Gravity Sensors
Magnetic Sensors
Rotation Sensors
Imaging Sensors
Temperature Sensors

By Industry:

Defence
Oil and Gas
Transportation
Construction
Medical and Healthcare
IT and Telecommunication
Agriculture
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Quantum Sensors Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Quantum Sensors Market Outlook, 2019 - 2031

3.1. Global Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Atomic Clocks
  - 3.1.1.2. Gravity Sensors
  - 3.1.1.3. Magnetic Sensors
  - 3.1.1.4. Rotation Sensors
  - 3.1.1.5. Imaging Sensors
  - 3.1.1.6. Temperature Sensors
3.2. Global Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Defence
  - 3.2.1.2. Oil and Gas
  - 3.2.1.3. Transportation
  - 3.2.1.4. Construction
  - 3.2.1.5. Medical and Healthcare
  - 3.2.1.6. IT and Telecommunication
  - 3.2.1.7. Agriculture
  - 3.2.1.8. Others
3.3. Global Quantum Sensors Market Outlook, by Region, Value (US$ Mn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Quantum Sensors Market Outlook, 2019 - 2031

4.1. North America Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Atomic Clocks
  - 4.1.1.2. Gravity Sensors
  - 4.1.1.3. Magnetic Sensors
  - 4.1.1.4. Rotation Sensors
  - 4.1.1.5. Imaging Sensors
  - 4.1.1.6. Temperature Sensors
4.2. North America Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Defence
  - 4.2.1.2. Oil and Gas
  - 4.2.1.3. Transportation
  - 4.2.1.4. Construction
  - 4.2.1.5. Medical and Healthcare
  - 4.2.1.6. IT and Telecommunication
  - 4.2.1.7. Agriculture
  - 4.2.1.8. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Quantum Sensors Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 4.3.1.2. U.S. Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 4.3.1.3. Canada Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 4.3.1.4. Canada Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Quantum Sensors Market Outlook, 2019 - 2031

5.1. Europe Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Atomic Clocks
  - 5.1.1.2. Gravity Sensors
  - 5.1.1.3. Magnetic Sensors
  - 5.1.1.4. Rotation Sensors
  - 5.1.1.5. Imaging Sensors
  - 5.1.1.6. Temperature Sensors
5.2. Europe Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Defence
  - 5.2.1.2. Oil and Gas
  - 5.2.1.3. Transportation
  - 5.2.1.4. Construction
  - 5.2.1.5. Medical and Healthcare
  - 5.2.1.6. IT and Telecommunication
  - 5.2.1.7. Agriculture
  - 5.2.1.8. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Quantum Sensors Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.2. Germany Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.3. U.K. Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.4. U.K. Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.5. France Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.6. France Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.7. Italy Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.8. Italy Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.9. Turkey Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.10. Turkey Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.11. Russia Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.12. Russia Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 5.3.1.13. Rest of Europe Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 5.3.1.14. Rest of Europe Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Quantum Sensors Market Outlook, 2019 - 2031

6.1. Asia Pacific Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Atomic Clocks
  - 6.1.1.2. Gravity Sensors
  - 6.1.1.3. Magnetic Sensors
  - 6.1.1.4. Rotation Sensors
  - 6.1.1.5. Imaging Sensors
  - 6.1.1.6. Temperature Sensors
6.2. Asia Pacific Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Defence
  - 6.2.1.2. Oil and Gas
  - 6.2.1.3. Transportation
  - 6.2.1.4. Construction
  - 6.2.1.5. Medical and Healthcare
  - 6.2.1.6. IT and Telecommunication
  - 6.2.1.7. Agriculture
  - 6.2.1.8. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Quantum Sensors Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.2. China Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 6.3.1.3. Japan Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.4. Japan Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 6.3.1.5. South Korea Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.6. South Korea Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 6.3.1.7. India Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.8. India Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 6.3.1.9. Southeast Asia Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.10. Southeast Asia Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 6.3.1.11. Rest of Asia Pacific Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 6.3.1.12. Rest of Asia Pacific Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Quantum Sensors Market Outlook, 2019 - 2031

7.1. Latin America Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Atomic Clocks
  - 7.1.1.2. Gravity Sensors
  - 7.1.1.3. Magnetic Sensors
  - 7.1.1.4. Rotation Sensors
  - 7.1.1.5. Imaging Sensors
  - 7.1.1.6. Temperature Sensors
7.2. Latin America Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Defence
  - 7.2.1.2. Oil and Gas
  - 7.2.1.3. Transportation
  - 7.2.1.4. Construction
  - 7.2.1.5. Medical and Healthcare
  - 7.2.1.6. IT and Telecommunication
  - 7.2.1.7. Agriculture
  - 7.2.1.8. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Quantum Sensors Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 7.3.1.2. Brazil Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 7.3.1.3. Mexico Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 7.3.1.4. Mexico Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 7.3.1.5. Argentina Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 7.3.1.6. Argentina Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 7.3.1.7. Rest of Latin America Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 7.3.1.8. Rest of Latin America Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Quantum Sensors Market Outlook, 2019 - 2031

8.1. Middle East & Africa Quantum Sensors Market Outlook, by Type, Value (US$ Mn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Atomic Clocks
  - 8.1.1.2. Gravity Sensors
  - 8.1.1.3. Magnetic Sensors
  - 8.1.1.4. Rotation Sensors
  - 8.1.1.5. Imaging Sensors
  - 8.1.1.6. Temperature Sensors
8.2. Middle East & Africa Quantum Sensors Market Outlook, by Industry, Value (US$ Mn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Defence
  - 8.2.1.2. Oil and Gas
  - 8.2.1.3. Transportation
  - 8.2.1.4. Construction
  - 8.2.1.5. Medical and Healthcare
  - 8.2.1.6. IT and Telecommunication
  - 8.2.1.7. Agriculture
  - 8.2.1.8. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Quantum Sensors Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 8.3.1.2. GCC Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 8.3.1.3. South Africa Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 8.3.1.4. South Africa Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 8.3.1.5. Egypt Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 8.3.1.6. Egypt Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 8.3.1.7. Nigeria Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 8.3.1.8. Nigeria Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Quantum Sensors Market by Type, Value (US$ Mn), 2019 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Quantum Sensors Market by Industry, Value (US$ Mn), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2024
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Microsemi Corp. (Microchip Technology Inc.)
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Therapy Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Oscilloquartz S.A. (ADVA Optical Networking)
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Therapy Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. Muquans (iXBlue)
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Therapy Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. Supracon AG
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Therapy Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. M Squared Lasers Limited
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Therapy Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. GWR Instruments, Inc.
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Therapy Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Cryogenic Limited
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Therapy Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. AOSense
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Therapy Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations