How big is the Quantum Sensors Market?

The Quantum Sensors Market size is expected to reach USD 0.67 billion in 2024 and grow at a CAGR of 12.95% to reach USD 1.24 billion by 2029. Read More

What is the current Quantum Sensors Market size?

In 2024, the Quantum Sensors Market size is expected to reach USD 0.67 billion. Read More

Who are the key players in Quantum Sensors Market?

AOSense Inc., Apogee Instrument Inc., M Squared Lasers Limited, Muquans SAS and Robert Bosch GmbH are the major companies operating in the Quantum Sensors Market. Read More

Which is the fastest growing region in Quantum Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Quantum Sensors Market?

In 2024, the Asia Pacific accounts for the largest market share in Quantum Sensors Market. Read More

What years does this Quantum Sensors Market cover, and what was the market size in 2023?

In 2023, the Quantum Sensors Market size was estimated at USD 0.58 billion. The report covers the Quantum Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Quantum Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Quantum Sensors Market Report | Industry Analysis, Size & Forecast

Quantum Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Quantum Sensor Technology Market is Segmented by Product Type (Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravity Sensors, and Other Product Types), Application (Military and Defense, Automotive, Oil and Gas, Healthcare, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Quantum Sensors Industry Overview

The quantum sensors market is fragmented and competitive, with the presence of major players like AOSense Inc., Apogee Instrument Inc., M Squared Laser Limited, Muquans SAS, and Robert Bosch GmbH. Players in the market are adopting strategies such as partnerships, mergers, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In March 2024, Chevron Corporation announced an investment in quantum computing development for the oil and gas market. For this, Chevron Technology Ventures, part of Chevron Corporation, joined a USD 100 million Series B funding round. Such investments signal growing interest in quantum technologies within the oil and gas industry.
In January 2024, CNES, German Aerospace Center (DLR), Airbus Defence & Space, GMV, FORTH/PRAXI, and the European Commission kicked off phase A of the European CARIOQA project, a technology demonstration mission to space-rate quantum sensor measuring accelerations using cold atoms. CARIOQA is encouraging the future French, German, and European industries to leverage French and German excellence in quantum sensors, with contributions from the European Commission through its Horizon Europe program. The CARIOQA mission aims to test the first atomic accelerometer on a satellite by 2030.