Lucintel Blog: Lucintel Forecasts Quantum Sensors Market to Reach $0.39 Billion by 2028

Friday, April 7, 2023

Lucintel Forecasts Quantum Sensors Market to Reach $0.39 Billion by 2028

According to the recent study the quantum sensors market is projected to reach an estimated $0.39 billion by 2028 from $0.21 billion in 2023, at a CAGR of 13% from 2023 to 2028. Growth in this market is primarily driven by increasing demand from the end-use industries, such as aerospace, automotive, and defence and it is also used by naval forces for calculating accurate positioning data of submarines in the ocean.

A more than 150-page report is developed to understand trends, opportunities and forecast in quantum sensors market by product type (atomic clocks, magnetic sensors, PAR quantum sensors, and gravity sensors), application (military & defense, automotive, oil & gas, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/quantum-sensors-market.aspx

“Magnetic sensors market is expected to remain the largest segment during the forecast period.”

Based on product type, the quantum sensors market is segmented into atomic clocks, magnetic sensors, PAR quantum sensors, and gravity sensors. Lucintel forecasts that the magnetic sensors market is expected to remain the largest segment because of increasing utilization of these sensors in defense and military applications.

“Within the quantum sensors market, the automotive segment is expected to remain the largest application.”

Based on application the automotive segment is expected to witness the highest growth over the forecast period due to increasing demand for quantum sensors in autonomous vehicles and electric vehicles for driving accuracy and reduce reliance on satellite for navigation.

“North America will dominate the quantum sensors market in near future.”

North America will remain the fastest growing region due to increasing penetration of quantum technologies in aerospace and defense sector and growing number of projects in automotive markets. .

Download Brochure of this report by clicking on https://www.lucintel.com/quantum-sensors-market.aspx.

Major players of quantum sensors market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. AOSense, Apogee Instrument, M Squared Lasers, Muquans SAS, Robert Bosch GmbH, Skye Instruments, Campbell Scientific, GWR Instruments, and LI-COR are among the major quantum sensors providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/quantum-sensors-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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