Persistence Market Research believes the global quantum sensors market will grow revenues to tune of $329.4 Million from now until 2025. The researchers attribute this growth to increasing use of quantum sensors in verticals markets. These include defense, oil and gas, transportation, and construction. The quantum sensors market was valued at US$ 228.7 Million in 2016 and is projected to reach US$ 329.4 Million by 2025, expanding at a moderate CAGR of 4.3% from 2016 to 2025.
Projections
Researchers say the quantum sensors market will experience a surge in the demand for atomic clocks. This is a result of a need to improve the accuracy of time sensitive signals necessary for IoT applications and autonomous cars and drones that will require higher accuracy from GPS devices. Also, quantum gravity sensors are expected to be in great demand as the consumption of and demand for fossil fuels continues to escalate. For more details, contact Persistence Market Research.