Market Scenario
Global quantum measurement & sensor market was valued at USD 296.84 million in 2022 and is projected to attain a valuation of USD 638.79 million by 2031 at a CAGR of 9.26% during the forecast period 2023–2031.
Quantum measurement and sensors are used in a wide range of applications, including healthcare, defense, and industrial manufacturing. These sensors use quantum properties to measure physical phenomena, including temperature, magnetic fields, and pressure, with high precision and accuracy. The increasing demand for highly sensitive and accurate sensors in various industries, such as healthcare and defense, is one of the primary drivers of market growth.
In the healthcare industry, quantum sensors are used for imaging and diagnostic purposes, including the detection of cancerous cells and tissues. The demand for these sensors is expected to grow, as there is a need for more accurate and efficient diagnostic tools.
The defense industry is also expected to be a significant contributor to quantum measurement & sensor market growth, as quantum sensors are used in a wide range of applications, including navigation, communication, and surveillance. The increasing demand for advanced sensors in military applications is expected to drive the growth of the quantum measurement and sensor market.
The industrial manufacturing sector is also expected to contribute significantly to market growth, as quantum sensors are used to monitor the temperature and pressure of industrial processes, including chemical reactions and power generation. The increasing demand for energy-efficient processes and environmental monitoring is expected to drive the demand for these sensors in the industrial manufacturing sector.
To Get more Insights, Request A Free Sample
Market Dynamics
Drivers:
Increasing Demand for High-Precision Sensors
The growing demand for high-precision sensors is primarily driven by the need for accuracy and efficiency in various applications. The use of quantum sensors has revolutionized the way we measure physical phenomena, as they provide superior accuracy and sensitivity compared to traditional sensors. In the healthcare industry, quantum measurement & sensor market are used to detect and diagnose diseases with high accuracy, which is critical for effective treatment. In the defense industry, quantum sensors are used for surveillance, communication, and navigation, where accuracy and sensitivity are crucial for successful operations. The industrial manufacturing sector also uses quantum sensors to monitor various parameters, such as temperature, pressure, and humidity, which ensures the efficiency and safety of industrial processes. Therefore, the increasing demand for high-precision sensors is expected to drive the growth of the Quantum Measurement & Sensor Market.
Rapid Technological Advancements to Spur Market Growth
The advancements in quantum technology have played a significant role in the growth of the quantum measurement & sensor market. The research and development activities in the field of quantum physics have led to the discovery of new materials and methods for manufacturing quantum sensors. The improvements in quantum computing and quantum communication have also contributed to the growth of the market.
The use of nanotechnology and advanced materials, such as diamond and graphene, has enabled the development of smaller and more sensitive quantum sensors. The increasing investments in quantum research and development by various governments and private organizations have also propelled the growth of the market.
Restraint
Limited commercialization
One of the primary restraints of the Quantum Measurement & Sensor Market is the limited commercialization of quantum sensors. Although quantum sensors offer several advantages over traditional sensors, their commercialization has been limited due to various factors. The lack of awareness and understanding of quantum technology among end-users is one of the major factors that hinder the adoption of quantum sensors. Moreover, the high cost of quantum sensors, as mentioned earlier, is another factor that limits their adoption, particularly in emerging economies.
Additionally, the complexity of quantum technology and the lack of skilled professionals in the field of quantum physics also add to the challenges of commercializing quantum sensors. Therefore, the limited commercialization of quantum sensors may hinder the growth of the market in the short term, until these challenges are addressed.
Segmental Analysis
By Components:
The advanced nanofab segment is expected to dominate the market with a market share of 39%. Advanced nanofabrication techniques are used to manufacture quantum sensors with high accuracy and sensitivity. The use of advanced nanofabrication techniques enables the manufacturing of smaller and more sensitive quantum sensors, which are crucial for several applications. The increasing investments in research and development of advanced nanofabrication techniques by various governments and private organizations are expected to further drive the growth of the advanced nanofab segment in the Quantum Measurement & Sensor Market.
By Product:
Magnetic sensors are expected to dominate the market with more than 40% revenue share. Magnetic sensors are widely used in various applications, including automotive, consumer electronics, healthcare, and industrial manufacturing. In the automotive industry, magnetic sensors are used in various applications, such as sensing the position and speed of the wheels, detection of magnetic fields in the engine, and monitoring of tire pressure.
The use of magnetic sensors in the automotive industry enables the manufacturing of advanced safety and navigation systems, which is driving the growth of the magnetic sensors segment in the Quantum Measurement & Sensor Market. In the consumer electronics industry, magnetic sensors are used in smartphones, tablets, and other electronic devices for various applications, including navigation, gaming, and augmented reality. The increasing demand for electronic devices and the need for high-precision sensors in these devices are expected to further drive the growth of the magnetic sensors segment.
To Understand More About this Research: Request A Free Sample
By Technology:
Inertial sensing is expected to dominate the market with more than 24% market share. Inertial sensing is used in various applications, including aerospace, automotive, and defense. In the aerospace industry, inertial sensors are used in navigation, flight control, and guidance systems. In the automotive industry, inertial sensors are used in various applications, such as anti-lock braking systems, electronic stability control, and airbag systems. In the defense industry, inertial sensors are used in missiles, guided bombs, and other weapons systems. The increasing demand for highly accurate and sensitive inertial sensors in these industries is driving the growth of the inertial sensing segment in the Quantum Measurement & Sensor Market.
Moreover, the advancements in micro-electromechanical systems (MEMS) technology have enabled the manufacturing of smaller and more affordable inertial sensors, which is expected to further drive the growth of the inertial sensing segment.
By End User:
The aerospace and automotive segment is expected to dominate the market with more than 25% revenue share. The aerospace and automotive segment is witnessing significant growth in the Quantum Measurement & Sensor Market, driven by the increasing demand for highly sensitive and accurate sensors in these industries. In the aerospace industry, quantum sensors are used in navigation, guidance, and control systems, which require high accuracy and reliability. In the automotive industry, quantum sensors are used in various applications, such as advanced driver assistance systems (ADAS), autonomous driving systems, and fuel efficiency monitoring systems.
The use of quantum sensors in these applications enables the manufacturing of advanced safety and navigation systems, which is driving the growth of the aerospace and automotive segment in the Quantum Measurement & Sensor Market. The increasing investments in research and development of quantum technology by various governments and private organizations are expected to create new opportunities for the market players in the aerospace and automotive segment.
Regional Analysis
The Asia Pacific region is expected to dominate the Quantum Measurement & Sensor Market and is projected to continue to do so in the years to come. By 2031, the region is expected to account for over 45% of the revenue share of the global market. The Asia Pacific region comprises emerging economies such as China, India, and Japan, which are witnessing significant growth in various industries such as healthcare, defense, and industrial manufacturing. The growing demand for highly sensitive and accurate sensors in these industries is expected to drive the growth of the quantum measurement & sensor market in the region.
In addition, the increasing investments in quantum research and development by governments and private organizations in the region are expected to propel the growth of the market further. Several governments in the region, including China, Japan, and South Korea, have announced significant investments in quantum technology in recent years, which is expected to create new opportunities for the market players.
Moreover, the presence of several leading manufacturers of quantum measurement & sensors in the region is also expected to contribute to market growth. These manufacturers are investing in research and development activities to introduce new and innovative products, which is expected to further drive the growth of the market.
List of Key Companies Profiled:
Market Segmentation:
By Components
By Product
By Technology
By End User
By Regional
LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.
SPEAK TO AN ANALYST
.png)
Features | Type of License | |||
 Single User |   Multi User |  Corporate | ||
| e-Access | ✓ | ✓ | ✓ | |
User Sharing | 1 User Only | 2-6 Users | Unlimited within Company/Enterprise | |
⨉ | ⨉ | ✓ | ||
Free Customization | Up To 30 hrs work | Up To 60 hrs work | Up To 80 hrs work | |
Deliverable |
| ✓ | ✓ | ✓ |
| ⨉ | ✓ | ✓ | |
| ⨉ | ⨉ | ✓ | |
Analyst Support | 4 Month Post purchase | 7 Month Post purchase | One Year Post purchase | |
Free Report update in next update cycle | ⨉ | ⨉ | ✓ | |
Free Industry Update (Within 180 days) | ⨉ | ⨉ | ✓ | |
Benefit | Up to 20% off on next purchase | Up to 30% off on next purchase | Up to 40% off on next purchase | |
| Report ID: AA0423429 | Delivery: 2 to 4 Hours 
.svg)
