Quantum Sensing Market - Forecast(2021 - 2026)

 Global Quantum Sensing Market is forecast to reach $314.2 Million by 2025, growing at a CAGR of yz during the forecast period from 2020 to 2025. The Quantum Sensing market is driven primarily by the factors such as increasing growth of quantum technology as well as rising research and development activities. Moreover, advanced technological growth can also cause major growth for the quantum sensing market.


Report Coverage
The report: “Quantum Sensing Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Quantum Sensing Market. 

By Product Type: Magnetic sensors, Gravity sensors, PAR sensors, atomic clocks
By End Users: Automotive, Militarty and Defense, Oil and Gas, Healthcare, Agriculture& Others
By Geography: North America (U.S, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (U.K, Germany, France, Italy and Others), Asia-Pacific (China, Japan, Australia, India, South Korea and Others),RoW (Middle East and Africa)


Key Takeaways
  • PAR quantum sensors have been facing higher demands due to growing agricultural research works and projects.
  • Key market players such as Skye Instruments Ltd. and M Squared Lasers have been helping towards significant market growth in Europe.
  • Increasing dominance from healthcare sector along with rising technological growth are some of the major driving factors affecting the growth of Quantum Sensing market.



Product type - Segment Analysis
Based on product type, quantum sensing has been classified under atomic clocks, PAR quantum sensors, magnetic and gravity sensors. PAR quantum sensors have been facing higher market demands due to growth of agriculture sector. With increasing amount of agriculture related studies and research works, PAR sensors are getting highly deployed, thus boosting its market growth. PAR quantum sensors provide a variety of demanding applications in such research works such as Photosynthesis photon flux density PPFD measurements over plant canopies in greenhouses, outdoor environments.  Usage of PAR quantum sensors helps in effective and more efficient calculation of minimum radiation quantity involved in absorption of photosynthetic pigments and many such areas, called PPFD measurement. Since these quantum sensors are designed for continuous PPFD measurements across indoor and outdoor environments, its causing higher adoptability in agriculture research fields. With rapid technology advancements, agriculture industry also has been shifting towards usage of quantum based technologies to improve their work productivity. Such rising adoption is also propelling the market demands for PAR quantum sensors in the quantum sensing market.


Geography - Segment Analysis
Europe is expected to have a major growth in the global Quantum Sensing market during the forecast period from 2020 to 2025. High investments towards research and development activities along with rising adoption of quantum technology across various industry verticals have been fuelling the growth for Quantum Sensing market. Moreover, presence of some key players such as Skye Instruments Ltd., Campbell Scientific Ltd and M Squared Lasers are acting as major drivers for the growth of quantum sensing market.

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