This market research report segments the global quantum sensors market into the following four major products (atomic clocks, PAR quantum sensors, gravity sensors, and magnetic sensors), six major applications (military and defense, agriculture, oil and gas, automotive, healthcare, and construction) and three major regions (the Americas, APAC, and EMEA).
Inquire about this report: View market snapshot before purchasing
Register for a My Technavio account and get 10% off your first purchase! View all Technavio’s current offers
Technavio highlights rising number of sensors per vehicle as one of the key drivers in the market
The increase in the number of automobile sensors is a major driver for the growth of the global quantum sensors market. To meet the security and environmental standards as well as improving the overall efficiency of a vehicle, several sensors are being integrated within automobiles. A vehicle has over 60-100 sensors, and Technavio predicts that an automobile will easily constitute over 200 sensors during the forecast period. The increase in the number of electronic systems being integrated into vehicles is the main reason for this growth. Driver assist systems, engine systems, carputers, telematics, heads-up display (HUD), in-car entertainment systems, exhaust management systems, and GPS are some of the major systems. These systems will require an extensive number of sensors to work efficiently.
According to a senior analyst at Technavio for sensors, “Quantum sensors are increasingly becoming an important part of an automobile. They are being used for precision navigation in automobiles as they provide highly accurate measurements. As the number of sensors in an automobile increases, there are high chances that sensors will be replaced by highly efficient quantum sensors. For example, quantum sensors are being integrated with GPS sensors; hence, quantum sensing image sensors will replace night-vision image sensors, while wheel rotation sensors will be replaced by quantum sensors, along with several other possibilities. Therefore, to deliver high performance at a higher operating efficiency, quantum sensors will form a crucial part.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global quantum sensors market segmentation
Of the four major products, the atomic clocks segment held the largest market share in 2017, accounting for nearly 42%. However, the market share for this product is expected to decrease nearly 3% by 2022. The PAR quantum sensors segment is expected to surpass the atomic clocks to become the leading product, accounting for a market share of 39% by 2022.
EMEA was the leading region for the global quantum sensors market in 2017, accounting for a market share of 42%. By 2022, EMEA is expected to witness growth of more than 1%.
Personalize this report according to your needs: Request a customization
Technavio’s analysts and industry experts will work directly with you to understand your requirements. We offer USD 1,000 worth of FREE customization at the time of purchase.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.