The global quantum sensors market size was USD 289.1 million in 2022 and is expected to register a revenue CAGR of 14.8% during the forecast period. Factors such as rising adoption of quantum sensors in Advanced Driver Assistance Systems (ADAS), growing investments and funds by government authorities, along with rising research & development activities by leading market players to explore new applications are driving the quantum sensors market revenue growth.
Governments acknowledge the transformative potential of quantum technologies, including quantum sensors, in revolutionizing multiple industries and stimulating economic growth. For instance, on 13 January 2023, the government of Canada introduced the National Quantum Strategy, a comprehensive initiative that will chart the path for quantum technologies in Canada and contribute to job creation on a significant scale. With a committed investment of USD 360 million allocated in budget 2021, the strategy aims to enhance Canada's already prominent position in quantum research across the globe and drive the growth of quantum technologies, companies, and a skilled workforce within the country.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7456
Quantum sensors are widely being used in autonomous vehicles and various investments are also being made to incorporate advanced quantum sensor technology in autonomous vehicles. The University of Queensland is currently developing advanced sensor technology, aiming to revolutionize navigation and communication for automated vehicles. This cutting-edge project, worth USD 4.6 million, focuses on harnessing quantum innovation to create these state-of-the-art sensors. In collaboration with prominent organizations including the Australian Defense Force, NASA, Orica Ltd, and Skyborne Technologies, the university is exploring potential defense applications for this technology. In addition, there is a prospect of implementing these quantum sensors in autonomous vehicles to enhance their capabilities.
Competitive Landscape:
AOSense Inc., Apogee Instruments Inc., LI-COR, Inc., Robert Bosch GmbH, GWR Instruments Inc., Spectrum Technologies, Inc., M Squared Lasers Limited, Campbell Scientific, Inc., Microchip Technology Inc., and Mesotech International among others.
The global market is further segmented into type and application:
By Product Type Outlook
- Atomic Clock
- Magnetic Sensors
- Photosynthetically Active Radiation (PAR)
- Gravimeters And Accelerometers
- Others
By Platform Outlook
- Neutral Atoms
- Nuclear Magnetic Resonance
- Trapped Ions
- Superconductors
- Optomechanics
- Others
By Technology Outlook
- Optics and PhotonicsQuantum Imaging SensorsPhotonic Quantum State SensorsQuantum Cryptography
- Quantum Hall Effect
- Cold Atom SystemsCold Atom InterferometryBose-Einstein Condensate (BEC) Sensors
- Others
By Device Outlook
- Benchtop Devices
- Integrated Systems
- Chip-Scale Devices
- Wearable Devices
- Fiber-optic Sensors
- Others
By Application Outlook
- Aerospace & Defense
- Construction & Mining
- Agriculture
- Oil & Gas
- Automotive & Transportation
- Healthcare
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To request customization of this report @ https://www.reportsanddata.com/request-customization-form/7456
Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.
Browse More Reports:
Europe Small Caliber Ammunition Market @ https://www.reportsanddata.com/report-detail/europe-small-caliber-ammunition-market
Automotive Hypervisor Market @ https://www.reportsanddata.com/report-detail/automotive-hypervisor-market
Powertrain Sensor Market @ https://www.reportsanddata.com/report-detail/powertrain-sensor-market
Aerospace and Defense Chemical Distribution Market @ https://www.reportsanddata.com/report-detail/aerospace-and-defense-chemical-distribution-market
All-Wheel Drive Vehicle Market @ https://www.reportsanddata.com/report-detail/all-wheel-drive-vehicle-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web:www.reportsanddata.com
Direct Line:+1-212-710-1370
E-mail:sales@reportsanddata.com
Blogs|Press Release|Industry News|Our competencies
Browse MoreUpcoming Reports @https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @https://www.reportsanddata.com/report
Comments (0)