According to the most recent analysis by Persistence Market Research, the global market for quantum sensors is expected to grow a steady 5.7% CAGR by 2031. , the market’s valuation is anticipated to exceed US$ 530.6 Mn and increase by a factor of more than 2x.
The market for quantum sensors is expected to experience major growth opportunities due to continuous development and implementation of new technologies such as quantum imaging, quantum simulation, and quantum sensing. Development of quantum sensing solutions in material science and quantum physics is one of the major driving factors contributing to market growth. Quantum sensors contribute around 5%-8% market share in the global quantum computing market.
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Furthermore, increasing implementation of quantum entanglement and quantum technology in the healthcare and medical industry for remote patient monitoring, diagnostic assistance, and enhancing consumer healthcare experience, among others, is further driving sales for quantum sensors.
Will Deployment of Quantum Sensing Technology in Autonomous Vehicles Drive Market Expansion?
Autonomous vehicles can see around corners and portable scanners can monitor the brain activity of a person with the help of quantum sensing technology. The technology is making these things a reality as it covers motion, including imaging, rotation, acceleration and gravity – magnetic and electric fields.
For instance, the Queensland University is working on the next-generation of sensor technology, which will offer super exact communication and navigation for automated vehicles. The university is dealing with an activity to utilize quantum innovation for new sensors.
The technology can be ground-breaking for empowering self-ruling vehicles that can see around early-warning systems for earthquakes and volcanic activity, and underwater navigation systems. Further, it will lead to measuring electric and magnetic fields, measuring physical quantities against atomic properties, and improve sensitivity or precision from quantum sensing technology. Therefore, deployment of quantum sensing technology in autonomous vehicles will drive market expansion.
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How Will More Accurate Sensing & Measurement Features Drive Quantum Sensor Demand?
Quantum sensors are capable of replacing existing sensors in various applications, including monitoring and locating gas, oil and mineral deposits, and detecting the slightest environmental, seismic, surveying construction sites, or weather changes.
These sensors are also used for dramatically improving precise positioning and navigation systems in the transportation sector.
- For example, Airbus is a multinational aerospace corporation that is using quantum sensors to measure attributes such as acceleration, rotation rates, frequency, electric and magnetic fields, and temperature to improve its navigation systems.
Such factors are driving demand for quantum sensors across regions.
Competitive Landscape
Quantum sensor manufacturers focus on maintaining their strength, that is, vast product portfolio. Also, they indulge in continuous research & development to upgrade and innovate their existing products.
- Australian start-up Q-Ctrl developed quantum sensors for space applications. It is also developing quantum sensors to send to the Earth’s orbit, the Moon, and eventually Mars.
- Supracon successfully finished an R&D project for the development of a quantum calibrator for DC- and AC-currents, as well as resistances based on its AC-Quantum Voltmeter.
Companies
- Muquans SAS (iXblue)
- Microsemi Corp. (Microchip Technology Inc.)
- AOSense, Inc.
- GWR Instruments, Inc.
- Oscilloquartz S.A. (ADVA Optical Networking SE)
- M Squared Lasers Ltd.
- Cryogenic Limited
- Supracon AG
Quantum Sensors Industry Research by Category
Type:
- Atomic Clocks
- Gravity Sensors
- Magnetic Sensors
- Rotation Sensors
- Imaging Sensors
- Temperature Sensors
Industry:
- Quantum Sensors for Defense
- Quantum Sensors for Oil & Gas
- Quantum Sensors for Transportation
- Quantum Sensors for Construction
- Quantum Sensors for Medical & Healthcare
- Quantum Sensors for IT & Telecommunication
- Quantum Sensors for Agriculture
- Others
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