Technavio has been monitoring the quantum sensors market and it is poised to grow by USD 79.81 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Quantum Sensors Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADVA Optical Networking SE, AOSense Inc., Apogee Instruments Inc., GWR Instruments Inc., Kipp & Zonen BV, LI-COR Inc., Microchip Technology Inc., M-Squared Lasers Ltd., Muquans, and Skye Instruments Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Rising investments in quantum technology have been instrumental in driving the growth of the market.
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Quantum Sensors Market 2020-2024: Segmentation
Quantum Sensors Market is segmented as below:
- Atomic Clocks
- PAR Quantum Sensors
- Gravity Sensors
- Magnetic Sensors
- Other Sensors
- North America
- South America
- Military and Defense
- Oil and Gas
- Other Applications
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Quantum Sensors Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The quantum sensors market report covers the following areas:
- Quantum Sensors Market Size
- Quantum Sensors Market Trends
- Quantum Sensors Market Analysis
This study identifies the use of NV color centers for manufacturing quantum sensors as one of the prime reasons driving the quantum sensors market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Quantum Sensors Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist quantum sensors market growth during the next five years
- Estimation of the quantum sensors market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the quantum sensors market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of quantum sensors market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Atomic clocks – Market size and forecast 2019-2024
- PAR quantum sensors – Market size and forecast 2019-2024
- Gravity sensors – Market size and forecast 2019-2024
- Magnetic sensors – Market size and forecast 2019-2024
- Other sensors
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Military and defense – Market size and forecast 2019-2024
- Agriculture – Market size and forecast 2019-2024
- Oil and gas – Market size and forecast 2019-2024
- Automotive – Market size and forecast 2019-2024
- Other applications – Market size and forecast 2019-2024
- Market opportunity by Application
- Customer landscape
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Drivers – Demand led growth
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- ADVA Optical Networking SE
- AOSense Inc.
- Apogee Instruments Inc.
- GWR Instruments Inc.
- Kipp & Zonen BV
- LI-COR Inc.
- Microchip Technology Inc.
- M-Squared Lasers Ltd.
- Skye Instruments Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.