LAMEA 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 Latin America, Middle East and Africa Quantum Sensors Market would witness market growth of 23.7% CAGR during the forecast period (2022-2028).
Optically Pumped Magnetometers can measure the magnetic fields generated by the brain. This method is known as magnetoencephalography (MEG). Magnetic sensors have a wide range of applications within the field of brain research. In addition to the healthcare industry, magnetic sensors are utilized in a variety of other industries, including mission-critical defense and aerospace applications.
The exact detection of magnetic fields is essential for space missions and other defensive tasks. Conversely, magnetic sensors are required for the precise navigation of railways and metro. Utilizing quantum phenomena, like entanglement, in which entangled particles may influence each other despite being separated by vast distances, quantum sensors can detect extremely minute changes in an environment.
Increasing the sensitivity of these sensors, as well as conventional sensors, frequently necessitates the creation of a larger sensor or the use of additional detecting particles. However, these actions only raise the sensitivity of quantum sensors by the number of particles added. Among the key drivers driving the market opportunity for quantum sensors in automotive applications are the rising demand for and the trend toward autonomous cars. In car applications, quantum sensor-enabled sensing can accurately monitor motion, encompassing rotation, acceleration, imaging, and gravity, in addition to electric and magnetic fields.
The United Arab Emirates is one of the top 10 oil producers in the world. According to the International Trade Administration, approximately 96% of the country's 100 billion barrels of known oil reserves are found in Abu Dhabi, which ranks sixth globally. The United Arab Emirates continues to rely largely on oil and gas export income, which accounts for the vast bulk of UAE government revenue. The UAE has prioritized the energy transition and was the first Arab nation to adopt a net-zero emissions goal.
The Brazil market dominated the LAMEA Quantum Sensors Market by Country in 2021; thereby, achieving a market value of $12,706.7 Thousands by 2028. The Argentina market is anticipated to grow at a CAGR of 24.4% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 23.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Quantum Sensors Market is Predict to reach $619.8 Million by 2028, at a CAGR of 16.4%
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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