According to a new report, published by KBV research, The Global Quantum Sensors Market size is expected to reach $619.8 million by 2028, rising at a market growth of 16.4% CAGR during the forecast period.
The Aerospace & Defense market acquired the maximum revenue share in the Global Quantum Sensors Market by Application in 2021; thereby, achieving a market value of $187.5 Million by 2028. Quantum sensors are employed in the military and defense industry, for instance, to offer extremely precise location data and to locate submarines in oceans. Moreover, the rapidly increasing government funding and investments would also boost the growth of the quantum sensors market throughout the forecast period.
The Magnetic Sensors market is experiencing the highest CAGR of 17.3% during (2022 - 2028). Variations in the magnetic field are converted into electric signals using a magnetic sensor. The incorporation of quantum technology into the magnetic sensor increases the sensor's sensitivity and decreases its size and weight. Due to their diminutive size, magnetic sensors may be utilized in a variety of applications, including positioning systems, microscopy, electric and magnetic field sensors, and communication technologies.
The North America market dominated the Global Quantum Sensors Market by Region in 2021; thereby, achieving a market value of $230.4 million by 2028. The Europe market is exhibiting a CAGR of 15.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 17.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/quantum-sensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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