Asia Pacific Quantum Sensors Market Size, Share & Industry Trends Analysis Report By Product Type (Atomic Clocks, Gravimeters & Accelerometers, Magnetic Sensors and Photosynthetically active radiation (PAR) Quantum Sensors), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Quantum Sensors Market would witness market growth of 17.5% CAGR during the forecast period (2022-2028).
The avalanche photodiode is a prime example of an early quantum sensor. APDs have been employed to detect photons that are entangled. With further cooling and sensor enhancements, photomultiplier tubes (PMT) can be utilized in sectors, such as medical imaging. In the form of 2D or even 3D stacked arrays, APDs can directly replace traditional sensors based on silicon diodes. Applications of quantum sensors in the military and defense sector range from providing extremely precise positional data to detecting submarines in the ocean.
Moreover, as a result of its capacity to provide extremely precise dimensions, quantum sensors have become a vital component of the automobile industry and are frequently employed for navigation in automobiles. With such new technologies on the market for quantum sensors, innovations, like sensitive quantum gravitometers, atomic clocks, and occasional noisy quantum interference microscopy are abundant. The increased government investment in quantum research for economic and military gain is one of the primary factors driving the quantum sensors market.
The sensor is essential to the development of the automobile industry. As a consequence of the development of autonomous vehicles and electric cars, the number of sensors per vehicle has expanded significantly. Due to these benefits, the majority of sensor manufacturers in the world are focusing their efforts on the advanced car market. Autonomous cars would rely on GPS for safety and precise navigation.
Asia-Pacific is comprised of emerging and developed nations including China, Japan, India, and South Korea. Strong industrial growth and substantial expenditures in the military & defense sector are the primary factors driving the expansion of the quantum sensors market in this area. The nations in the area are important automotive and healthcare production centers. Thus, the rising healthcare and automotive industries are anticipated to fuel the growth of the quantum sensors market in the Asia Pacific.
The China market dominated the Asia Pacific Quantum Sensors Market by Country in 2021; thereby, achieving a market value of $49,859.1 Thousands by 2028. The Japan market is poised to grow at a CAGR of 16.7% during (2022 - 2028). Additionally, The India market would obtain a CAGR of 18.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Atomic Clocks, Gravimeters & Accelerometers, Magnetic Sensors and Photosynthetically active radiation (PAR) Quantum Sensors. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include OTT HydroMet (Danaher Corporation), Spectrum Technologies, Inc. (BAE Systems PLC), ID Quantique SA, MSquared Limited™, Muquans SAS (iXblue) (Groupe Gorgé), AOSense, Inc., Impedans, Ltd., LI-COR, Inc., Campbell Scientific, Inc. and Apogee Instruments, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Aerospace & Defense
- Automotive & Transportation
- Construction & Mining
- Oil & Gas
- Agriculture & Environment
By Product Type
- Atomic Clocks
- Gravimeters & Accelerometers
- Magnetic Sensors
- Photosynthetically active radiation (PAR) Quantum Sensors
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- OTT HydroMet (Danaher Corporation)
- Spectrum Technologies, Inc. (BAE Systems PLC)
- ID Quantique SA
- MSquared Limited™
- Muquans SAS (iXblue) (Groupe Gorgé)
- AOSense, Inc.
- Impedans, Ltd.
- LI-COR, Inc.
- Campbell Scientific, Inc.
- Apogee Instruments, Inc.
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