Quantum Sensors
Quantum Sensors Market Forecasts to 2030 - Global Analysis By Type (Atomic Clocks, Quantum Magnetometers, Quantum Accelerometers, Quantum Interferometers, Quantum Gyroscopes and Other Types), Form Factor, Sensitivity Level, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Quantum Sensors Market is accounted for $0.52 billion in 2024 and is expected to reach $1.25 billion by 2030 growing at a CAGR of 16.7% during the forecast period. Quantum sensors are advanced devices that leverage the principles of quantum mechanics to achieve high sensitivity and precision in measuring physical quantities such as magnetic fields, temperature, and time. They utilize quantum states, like superposition and entanglement, to enhance measurement capabilities beyond classical limits. By exploiting quantum phenomena, they offer improved accuracy and new functionalities that are not achievable with conventional sensors.
According to Quantum Valley Investments (QVI), in 2023, the U.S. Department of Energy (DOE) announced $9.1 million in funding for 13 projects in Quantum Information Science (QIS) with relevance to nuclear physics.
Market Dynamics:
Driver:
Increasing demand for precision measurement
Industries such as healthcare, telecommunications, and aerospace require highly accurate data for applications like diagnostics, signal processing, and navigation. Quantum sensors provide unmatched sensitivity and resolution, enabling the detection of minute changes that traditional sensors cannot capture. This heightened accuracy leads to improved product quality, enhanced safety, and optimized performance in various processes. As industries recognize the value of precise measurements for innovation and efficiency, investments in quantum sensor technology are expected to rise, further propelling market expansion and adoption across sectors.
Restraint:
Technical complexities
Quantum sensors involve technical complexities stem the intricate principles of quantum mechanics they rely on, such as superposition and entanglement. Designing and manufacturing these sensors require specialized expertise, advanced materials, and precise calibration, making the development process challenging. Additionally, maintaining stable quantum states in practical applications can be difficult, requiring sophisticated cooling and shielding techniques. Consequently, the challenges associated with technical intricacies can slow overall market growth and limit widespread adoption.
Opportunity:
Rising applications in healthcare
Quantum sensors, known for their high sensitivity and precision, enable the detection of subtle physiological changes, facilitating early disease diagnosis and treatment. For instance, they are used in magnetic resonance imaging (MRI) and advanced imaging techniques, improving image resolution. Additionally, these sensors support applications in biomarker detection and real-time monitoring of vital signs. As healthcare increasingly adopts personalized and remote monitoring solutions, the demand for quantum sensors is expected to grow, driving innovation and investment in this sector.
Threat:
High development costs
Quantum sensors incur high development costs due to the complex technology and specialized materials required for their fabrication. The intricate design processes, advanced manufacturing techniques, and need for controlled environments during production contribute to these expenses. Additionally, the limited availability of skilled professionals in quantum technology further elevates costs. Consequently, this financial barrier hampers overall market growth and slows down the pace of innovation in quantum sensing technologies.
Covid-19 Impact
The covid-19 pandemic impacted the quantum sensors market by disrupting supply chains and delaying research and development projects. However, it also accelerated demand for advanced sensing technologies in healthcare, particularly for diagnostics and monitoring. Increased investments in quantum technologies and government funding for research initiatives during the pandemic have spurred growth. As industries adapt to new challenges, quantum sensors are gaining traction in applications like remote sensing, environmental monitoring, and medical diagnostics, paving the way for future innovations in the market.
The medical imaging & diagnostics segment is expected to be the largest during the forecast period
The medical imaging & diagnostics segment is predicted to secure the largest market share throughout the forecast period thrived by its unprecedented sensitivity and accuracy in detecting biological signals. These sensors enable advanced imaging techniques, facilitating early disease detection and improved treatment monitoring. Their ability to operate at the quantum level enhances resolution and reduces noise, leading to clearer images and more reliable diagnostics. This technology holds significant promise for personalized medicine and enhanced patient outcomes.
The manufacturing firms segment is expected to have the highest CAGR during the forecast period
The manufacturing firms segment is anticipated to witness the highest CAGR during the forecast period. Quantum sensors are increasingly being adopted in manufacturing firms for precise measurements and quality control. They enable real-time monitoring of variables such as temperature, pressure, and magnetic fields, enhancing production efficiency and product quality. Additionally, quantum sensors can improve automation and predictive maintenance, leading to optimized operations, reduced downtime, and significant cost savings, making them valuable assets in the manufacturing industry.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period driven by rising investments in research and development, government initiatives, and advancements in quantum technology. Countries like China, Japan, and Australia are leading the way in adopting quantum sensors across sectors such as healthcare, telecommunications, and defense. Collaborative efforts between academic institutions and industries are fostering innovation, positioning the Asia-Pacific as a key player in the global quantum sensors market, with a promising outlook for future advancements.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period propelled by significant investments in quantum technology and strong government support, particularly from the U.S. and Canada. North America has been a prominent hub for quantum sensor development and commercialization. The region's leading research institutions and universities are actively developing innovative quantum sensing applications in healthcare, aerospace, and defense. Increasing demand for high-precision measurements and advancements in materials science are further propelling market expansion.
Key players in the market
Some of the key players profiled in the Quantum Sensors Market include IBM, Google, Boeing, D-Wave Systems, Microsoft, Quantum Motion Technologies Limited, Xanadu Quantum Technologies, ColdQuanta, Q-CTRL, IonQ, Alpine Quantum Technologies, Quantum Design Inc., Rigetti Computing, Terra Quantum and PhotonQ.
Key Developments:
In September 2024, Boeing announced plans to launch its satellite named Q4S in 2026. This mission is significant as it aims to demonstrate quantum entanglement swapping in space, a crucial component for establishing a global quantum internet. Boeing’s initiative is part of a broader effort to operationalize quantum technologies for a range of applications, including improved data collection regarding Earth and space environments.
In November 2023, Microsoft entered a strategic partnership with Photonic Inc. to enhance quantum networking capabilities. This collaboration aims to integrate scalable, fault-tolerant quantum technologies into Azure, facilitating reliable long-distance quantum communication and improving applications in various fields, including sensing and metrology.
Types Covered:
• Atomic Clocks
• Quantum Magnetometers
• Quantum Accelerometers
• Quantum Interferometers
• Quantum Gyroscopes
• Other Types
Form Factors Covered:
• Portable Quantum Sensors
• Stationary Quantum Sensors
Sensitivity Levels Covered:
• High Sensitivity Sensors
• Medium Sensitivity Sensors
• Low Sensitivity Sensors
Technologies Covered:
• Superconducting Quantum Interference Devices (SQUIDs)
• Optical Lattice Sensors
• Atomic Interferometers
• Single-Photon Detectors
• Other Technologies
Applications Covered:
• Medical Imaging & Diagnostics
• Environmental Monitoring
• Navigation & Positioning
• Oil & Gas Exploration
• Process Control
• Other Applications
End Users Covered:
• Government
• Research Institutions
• Healthcare Providers
• Manufacturing Firms
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Quantum Sensors Market, By Type
5.1 Introduction
5.2 Atomic Clocks
5.3 Quantum Magnetometers
5.4 Quantum Accelerometers
5.5 Quantum Interferometers
5.6 Quantum Gyroscopes
5.7 Other Types
6 Global Quantum Sensors Market, By Form Factor
6.1 Introduction
6.2 Portable Quantum Sensors
6.3 Stationary Quantum Sensors
7 Global Quantum Sensors Market, By Sensitivity Level
7.1 Introduction
7.2 High Sensitivity Sensors
7.3 Medium Sensitivity Sensors
7.4 Low Sensitivity Sensors
8 Global Quantum Sensors Market, By Technology
8.1 Introduction
8.2 Superconducting Quantum Interference Devices (SQUIDs)
8.3 Optical Lattice Sensors
8.4 Atomic Interferometers
8.5 Single-Photon Detectors
8.6 Other Technologies
9 Global Quantum Sensors Market, By Application
9.1 Introduction
9.2 Medical Imaging & Diagnostics
9.3 Environmental Monitoring
9.4 Navigation & Positioning
9.5 Oil & Gas Exploration
9.6 Process Control
9.7 Other Applications
10 Global Quantum Sensors Market, By End User
10.1 Introduction
10.2 Government
10.3 Research Institutions
10.4 Healthcare Providers
10.5 Manufacturing Firms
10.6 Other End Users
11 Global Quantum Sensors Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 IBM
13.2 Google
13.3 Boeing
13.4 D-Wave Systems
13.5 Microsoft
13.6 Quantum Motion Technologies Limited
13.7 Xanadu Quantum Technologies
13.8 ColdQuanta
13.9 Q-CTRL
13.10 IonQ
13.11 Alpine Quantum Technologies
13.12 Quantum Design Inc.
13.13 Rigetti Computing
13.14 Terra Quantum
13.15 PhotonQ
List of Tables
1 Global Quantum Sensors Market Outlook, By Region (2022-2030) ($MN)
2 Global Quantum Sensors Market Outlook, By Type (2022-2030) ($MN)
3 Global Quantum Sensors Market Outlook, By Atomic Clocks (2022-2030) ($MN)
4 Global Quantum Sensors Market Outlook, By Quantum Magnetometers (2022-2030) ($MN)
5 Global Quantum Sensors Market Outlook, By Quantum Accelerometers (2022-2030) ($MN)
6 Global Quantum Sensors Market Outlook, By Quantum Interferometers (2022-2030) ($MN)
7 Global Quantum Sensors Market Outlook, By Quantum Gyroscopes (2022-2030) ($MN)
8 Global Quantum Sensors Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Quantum Sensors Market Outlook, By Form Factor (2022-2030) ($MN)
10 Global Quantum Sensors Market Outlook, By Portable Quantum Sensors (2022-2030) ($MN)
11 Global Quantum Sensors Market Outlook, By Stationary Quantum Sensors (2022-2030) ($MN)
12 Global Quantum Sensors Market Outlook, By Sensitivity Level (2022-2030) ($MN)
13 Global Quantum Sensors Market Outlook, By High Sensitivity Sensors (2022-2030) ($MN)
14 Global Quantum Sensors Market Outlook, By Medium Sensitivity Sensors (2022-2030) ($MN)
15 Global Quantum Sensors Market Outlook, By Low Sensitivity Sensors (2022-2030) ($MN)
16 Global Quantum Sensors Market Outlook, By Technology (2022-2030) ($MN)
17 Global Quantum Sensors Market Outlook, By Superconducting Quantum Interference Devices (SQUIDs) (2022-2030) ($MN)
18 Global Quantum Sensors Market Outlook, By Optical Lattice Sensors (2022-2030) ($MN)
19 Global Quantum Sensors Market Outlook, By Atomic Interferometers (2022-2030) ($MN)
20 Global Quantum Sensors Market Outlook, By Single-Photon Detectors (2022-2030) ($MN)
21 Global Quantum Sensors Market Outlook, By Other Technologies (2022-2030) ($MN)
22 Global Quantum Sensors Market Outlook, By Application (2022-2030) ($MN)
23 Global Quantum Sensors Market Outlook, By Medical Imaging & Diagnostics (2022-2030) ($MN)
24 Global Quantum Sensors Market Outlook, By Environmental Monitoring (2022-2030) ($MN)
25 Global Quantum Sensors Market Outlook, By Navigation & Positioning (2022-2030) ($MN)
26 Global Quantum Sensors Market Outlook, By Oil & Gas Exploration (2022-2030) ($MN)
27 Global Quantum Sensors Market Outlook, By Process Control (2022-2030) ($MN)
28 Global Quantum Sensors Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Quantum Sensors Market Outlook, By End User (2022-2030) ($MN)
30 Global Quantum Sensors Market Outlook, By Government (2022-2030) ($MN)
31 Global Quantum Sensors Market Outlook, By Research Institutions (2022-2030) ($MN)
32 Global Quantum Sensors Market Outlook, By Healthcare Providers (2022-2030) ($MN)
33 Global Quantum Sensors Market Outlook, By Manufacturing Firms (2022-2030) ($MN)
34 Global Quantum Sensors Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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