The Global Market for Quantum Sensors 2025-2035 - Nanotechnology Market Research

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Published: September 2024
Pages: 154
Tables: 58
Figures: 31

Quantum sensing is an emerging technology that allows for extremely precise measurements at the atomic level. It offers advantages over traditional sensors in terms of accuracy, consistency, and measurement frequency. The technology has broad potential applications across industries like life sciences, energy, communications, logistics, and microelectronics. Key capabilities of quantum sensors include advanced monitoring, imaging, navigation, and identification. Specific use cases range from medical imaging and brain-computer interfaces to optimizing production lines and enhancing navigation systems. The market impact is expected to grow moderately approaching 2030, with potential for significant acceleration thereafter.

The current quantum sensing ecosystem is relatively small but developing. There are less than 50 quantum sensors start-ups, compared to over 250 in quantum computing. Most revenue currently comes from components and joint research projects rather than commercialized products. The ecosystem is most mature in equipment and components, with hardware products still in development. Major focus areas include finding the right balance of sensitivity, size, weight and other specifications for various applications. Challenges like shielding sensors from environmental noise are being addressed through methods like sensor arrays and AI-enhanced signal processing.

Investment in the field is growing, with over 80% coming from venture capital and corporate investors. The five most funded start- ups have received over 80% of total funding. However, the full value chain is still being built, leaving room for new entrants.

Report contents include:

Principles of quantum sensing:
- Explanation of quantum superposition and entanglement
- How quantum properties are leveraged for sensing
- Comparison of quantum and classical measurement techniques
- Key advantages: improved sensitivity, precision, and accuracy
Types of quantum sensors:
- Atomic clocks:
  - Cesium fountain clocks
  - Optical lattice clocks
  - Ion-based atomic clocks
  - Applications in timekeeping, GPS, and financial trading
- Magnetometers:
  - SQUID magnetometers
  - Optically pumped magnetometers
  - NV center magnetometers
  - Applications in medical imaging, geophysical surveys, and navigation
- Gravimeters:
  - Atom interferometry-based gravimeters
  - Superconducting gravimeters
  - Applications in oil and mineral exploration, civil engineering, and climate studies
- Electric field sensors:
  - Rydberg atom-based sensors
  - Single-electron transistor sensors
  - Applications in electronics testing and atmospheric science
- Quantum imaging devices:
  - Ghost imaging systems
  - Quantum radar
  - Applications in biomedical imaging and stealth technology detection
Comparison with classical sensors:
- Sensitivity improvements: orders of magnitude better in many cases
- Size and power consumption advantages
- Limitations and challenges compared to classical sensors
- Cost considerations and potential for cost reduction
Current technological readiness levels:
- Assessment of each quantum sensor type on the TRL scale
- Identification of sensors closest to widespread commercial deployment
- Areas requiring further research and development

Market drivers and Market restraints.
Market opportunities
Market challenges
Applications and End-use Industries
- Healthcare and Life Sciences:
  - Medical imaging:
    - High-resolution MRI using quantum magnetometers
    - Single-molecule imaging for drug discovery
    - Brain activity mapping with increased spatial and temporal resolution
  - Drug discovery:
    - Quantum sensors for analyzing molecular interactions
    - Accelerated screening of potential drug candidates
    - Improved understanding of protein folding and dynamics
  - Biosensing:
    - Ultra-sensitive detection of biomarkers for early disease diagnosis
    - Real-time monitoring of biological processes
    - Quantum-enhanced DNA sequencing technologies

- Defense and Military:
  - Navigation systems:
    - Quantum inertial measurement units for GPS-independent navigation
    - High-precision timing for synchronized operations
    - Underwater navigation using quantum gravimeters
  - Underwater detection:
    - Quantum magnetometers for submarine detection
    - Quantum gravity gradiometers for underwater mapping
    - Quantum sonar systems with improved range and resolution
  - Communication systems:
    - Quantum-secured communication networks
    - Long-distance quantum key distribution
    - Quantum radar for stealth technology detection
- Information Technology:
  - Quantum computing:
    - Quantum sensors for error correction in quantum computers
    - Readout systems for quantum bits (qubits)
    - Quantum memory devices
  - Quantum communication:
    - Quantum repeaters for long-distance quantum networks
    - Entanglement distribution for quantum internet
    - Quantum-enhanced optical communication systems
  - Cybersecurity:
    - Quantum random number generators for encryption
    - Quantum key distribution for secure communication
    - Quantum sensing for detecting eavesdropping attempts
- Environmental Monitoring:
  - Climate change research:
    - High-precision gravity measurements for ice mass changes
    - Quantum-enhanced atmospheric gas sensing
    - Ocean current mapping using quantum magnetometers
  - Geological surveys:
    - Quantum gravimetry for mineral and oil exploration
    - Earthquake prediction using quantum strain sensors
    - Groundwater mapping and monitoring
  - Natural disaster prediction:
    - Early warning systems using quantum gravity sensors
    - Improved weather forecasting with quantum-enhanced measurements
    - Volcanic activity monitoring using quantum gas sensors
- Oil and Gas:
  - Exploration and surveying:
    - High-resolution underground mapping with quantum gravimeters
    - Improved oil reservoir characterization
    - Quantum magnetometers for pipeline inspection
  - Pipeline monitoring:
    - Leak detection using quantum gas sensors
    - Structural integrity assessment with quantum strain sensors
    - Real-time monitoring of oil and gas flow rates
- Transportation and Automotive:
  - Autonomous vehicles:
    - Quantum-enhanced GPS-free navigation systems
    - Improved LiDAR systems using quantum sensing
    - Quantum radar for all-weather object detection
  - Aerospace navigation:
    - High-precision inertial measurement units for aircraft
    - Satellite-based quantum sensors for Earth observation
    - Quantum timing systems for improved air traffic control
- Other Industries:
  - Finance and banking:
    - Ultra-precise timekeeping for high-frequency trading
    - Quantum random number generators for financial modeling
    - Quantum sensors for secure transactions and fraud detection
  - Agriculture:
    - Soil composition analysis using quantum sensors
    - Crop health monitoring with quantum-enhanced hyperspectral imaging
    - Precision agriculture using quantum-based positioning systems
  - Construction:
    - Structural health monitoring with quantum strain sensors
    - Underground utility mapping using quantum gravimetry
    - Improved surveying and land management technique
  - Mining
Competitive Landscape including detailed company profiles. Companies profiled include Airbus, Aquark Technologies, Atomionics, Bosch Quantum Sensing, Chipiron, Chiral Nano AG, ColdQuanta, Delta g, EuQlid, Exail Quantum Sensors, Genesis Quantum Technology, ID Quantique, Infleqtion, Ligentec, M Squared Lasers, Mag4Health, Mesa Quantum, Miraex, MuQuans, Nomad Atomics, Nu Quantum, NVision, PhotonForce, Q-CTRL, Qaisec, Qnami, Q.ANT, QuantaMap, QuantCAD LLC, Quantum Diamond Technologies Inc., QuantumDiamonds GmbH, Quantum Optus, Quantum Systems, etc.
Technology Trends and Innovations
- Miniaturization of quantum sensors:
  - Progress in reducing size, weight, and power consumption
  - Challenges in maintaining performance with miniaturization
  - Potential for wearable and mobile quantum sensing devices

- Room temperature quantum sensors:
  - Advancements in materials and designs for room temperature operation
  - Comparison of performance with cryogenic quantum sensors
  - Potential applications enabled by room temperature operation
- Hybrid quantum-classical systems:
  - Integration of quantum sensors with classical readout electronics
  - Quantum-enhanced classical sensors
  - Synergies between quantum and classical sensing technologies
- Quantum networks and distributed sensing:
  - Development of quantum sensor networks
  - Entanglement-based distributed sensing protocols
  - Applications in large-scale environmental and security monitoring
- AI and machine learning integration:
  - Machine learning algorithms for quantum sensor data analysis
  - AI-driven optimization of quantum sensor operation
  - Predictive maintenance and calibration using AI
- Quantum-enhanced metrology:
  - Advances in quantum metrology for fundamental constants
  - Quantum-enhanced calibration techniques
  - Impact on international measurement standards
Market Forecast and Future Outlook
Emerging applications and use cases:
- Quantum sensors in brain-computer interfaces
- Applications in anti-aging research and personalized medicine
- Quantum-enhanced virtual and augmented reality systems
Potential disruptive technologies:
- Hybrid quantum-photonic sensors
- Topological quantum sensors
- Quantum sensors based on exotic states of matter
Investment Landscape
Case Studies
- Quantum sensors in healthcare: Early disease detection
  - Detailed examination of quantum magnetometer use in early Alzheimer's detection
  - Comparison of sensitivity and accuracy with traditional diagnostic methods
  - Cost-benefit analysis and potential impact on healthcare outcomes

- Military applications: Enhanced navigation systems
  - Case study of quantum inertial measurement units in submarine navigation
  - Performance comparison with classical navigation systems
  - Implications for strategic defense capabilities
- Environmental monitoring: Climate change research
  - Application of quantum gravity sensors in measuring ice mass changes
  - Integration with satellite data for comprehensive climate models
  - Impact on climate change predictions and policy decisions
- Financial sector: High-frequency trading
  - Use of quantum timing systems in high-frequency trading platforms
  - Analysis of performance improvements and economic impact
  - Regulatory considerations and fairness issues
- Quantum internet: Secure communication networks
  - Pilot project for quantum key distribution in a metropolitan area
  - Technical challenges and solutions in implementing quantum networks
  - Potential applications beyond secure communication

1 EXECUTIVE SUMMARY 11

1.1 First and second quantum revolutions 11
1.2 Current quantum technology market landscape 13
- 1.2.1 Key developments 14
1.3 Investment Landscape 15
1.4 Global government initiatives 16
1.5 Industry developments 2020-2024 17
1.6 Challenges for quantum technologies adoption 26
1.7 Market Drivers 27
1.8 Market and technology challenges 29
1.9 Technology Trends and Innovations 30
1.10 Market Forecast and Future Outlook 31
- 1.10.1 Short-term Outlook (2025-2027) 31
- 1.10.2 Medium-term Outlook (2028-2031) 31
- 1.10.3 Long-term Outlook (2032-2035) 32
1.11 Emerging Applications and Use Cases 33
1.12 Potential Disruptive Technologies 34
1.13 Global market for quantum sensors 35
- 1.13.1 By sensor type 35
- 1.13.2 By volume 38
- 1.13.3 By sensor price 38
- 1.13.4 By end use industry 39

2 INTRODUCTION 40

2.1 What is quantum sensing? 40
2.2 Types of quantum sensors 41
- 2.2.1 Comparison between classical and quantum sensors 42
2.3 Quantum Sensing Principles 43
2.4 Value proposition for quantum sensors 44
2.5 Current Technological Readiness Levels 45
2.6 SWOT analysis 46

3 ATOMIC CLOCKS 47

3.1 Technology Overview 47
3.2 High frequency oscillators 48
- 3.2.1 Emerging oscillators 48
3.3 Caesium atoms 49
3.4 Self-calibration 49
3.5 New atomic clock technologies 49
3.6 Optical atomic clocks 50
- 3.6.1 Chip-scale optical clocks 52
3.7 Companies 54
3.8 SWOT analysis 54
3.9 Market forecasts 56

4 QUANTUM MAGNETIC FIELD SENSORS 57

4.1 Technology overview 58
4.2 Motivation for use 59
4.3 Market opportunity 61
4.4 Superconducting Quantum Interference Devices (Squids) 61
- 4.4.1 Applications 63
- 4.4.2 Key players 65
- 4.4.3 SWOT analysis 65
4.5 Optically Pumped Magnetometers (OPMs) 66
- 4.5.1 Applications 66
- 4.5.2 Key players 67
- 4.5.3 SWOT analysis 67
4.6 Tunneling Magneto Resistance Sensors (TMRs) 68
- 4.6.1 Applications 69
- 4.6.2 Key players 70
- 4.6.3 SWOT analysis 70
4.7 Nitrogen Vacancy Centers (N-V Centers) 71
- 4.7.1 Applications 71
- 4.7.2 Key players 72
- 4.7.3 SWOT analysis 73
4.8 Market forecasts 73

5 QUANTUM GRAVIMETERS 75

5.1 Technology overview 75
5.2 Applications 76
5.3 Key players 78
5.4 Market forecasts 79
5.5 SWOT analysis 80

6 QUANTUM GYROSCOPES 82

6.1 Technology description 82
- 6.1.1 Inertial Measurement Units (IMUs) 83
- 6.1.2 Atomic quantum gyroscopes 84
6.2 Applications 85
6.3 Key players 88
6.4 SWOT analysis 88

7 QUANTUM IMAGE SENSORS 90

7.1 Technology overview 90
7.2 Applications 91
7.3 SWOT analysis 92
7.4 Market forecast 93
7.5 Key players 94

8 QUANTUM RADAR 95

8.1 Technology overview 95
8.2 Applications 96

9 QUANTUM CHEMICAL SENSORS 98

9.1 Technology overview 98
9.2 Commercial activities 98

10 QUANTUM NEMS AND MEMS 99

10.1 Technology overview 99
10.2 Types 99
10.3 Applications 100
10.4 Challenges 100

11 CASE STUDIES 102

11.1 Quantum Sensors in Healthcare: Early Disease Detection 102
11.2 Military Applications: Enhanced Navigation Systems 102
11.3 Environmental Monitoring 103
11.4 Financial Sector: High-Frequency Trading 103
11.5 Quantum Internet: Secure Communication Networks 103

12 END-USE INDUSTRIES 105

12.1 Healthcare and Life Sciences 105
- 12.1.1 Medical Imaging 105
- 12.1.2 Drug Discovery 105
- 12.1.3 Biosensing 106
12.2 Defense and Military 106
- 12.2.1 Navigation Systems 106
- 12.2.2 Underwater Detection 107
- 12.2.3 Communication Systems 107
12.3 Environmental Monitoring 108
- 12.3.1 Climate Change Research 108
- 12.3.2 Geological Surveys 109
- 12.3.3 Natural Disaster Prediction 109
- 12.3.4 Other Applications 109
12.4 Oil and Gas 110
- 12.4.1 Exploration and Surveying 110
- 12.4.2 Pipeline Monitoring 111
- 12.4.3 Other Applications 111
12.5 Transportation and Automotive 112
- 12.5.1 Autonomous Vehicles 113
- 12.5.2 Aerospace Navigation 113
- 12.5.3 Other Applications 114
12.6 Other Industries 114
- 12.6.1 Finance and Banking 114
- 12.6.2 Agriculture 114
- 12.6.3 Construction 114
- 12.6.4 Mining 115

13 COMPANY PROFILES 116 (44 company profiles)

14 APPENDICES 147

14.1 Research Methodology 147
14.2 Glossary of Terms 148
14.3 List of Abbreviations 151

15 REFERENCES 152

List of Tables

Table 1. First and second quantum revolutions. 11
Table 2. Quantum Sensing Technologies and Applications. 12
Table 3. Global government initiatives in quantum technologies. 16
Table 4. Quantum technologies industry developments 2020-2024. 17
Table 5. Challenges for quantum technologies adoption. 27
Table 6. Market Drivers for Quantum Sensors. 27
Table 7. Market and technology challenges in quantum sensing. 29
Table 8. Technology Trends and Innovations in Quantum Sensors. 30
Table 9. Emerging Applications and Use Cases 33
Table 10. Potential Disruptive Technologies. 34
Table 11. Global market for quantum sensors, by types, 2018-2035 (Millions USD). 35
Table 12. Global market for quantum sensors, by volume, 2018-2035. 38
Table 13. Global market for quantum sensors, by sensor price, 2018-2035. 38
Table 14. Global market for quantum sensors, by end use industry, 2018-2035 (Millions USD). 39
Table 15.Types of Quantum Sensors 41
Table 16. Comparison between classical and quantum sensors. 42
Table 17. Applications in quantum sensors. 42
Table 18. Technology approaches for enabling quantum sensing 44
Table 19. Value proposition for quantum sensors. 45
Table 20. Key challenges and limitations of quartz crystal clocks vs. atomic clocks. 48
Table 21. New modalities being researched to improve the fractional uncertainty of atomic clocks. 52
Table 22. Companies developing high-precision quantum time measurement 54
Table 23. Key players in atomic clocks. 55
Table 24. Global market for atomic clocks 2025-2035 (Billions USD). 56
Table 25. Comparative analysis of key performance parameters and metrics of magnetic field sensors. 59
Table 26. Types of magnetic field sensors. 60
Table 27. Market opportunity for different types of quantum magnetic field sensors. 61
Table 28. Applications of SQUIDs. 63
Table 29. Market opportunities for SQUIDs (Superconducting Quantum Interference Devices). 64
Table 30. Key players in SQUIDs. 65
Table 31. Applications of optically pumped magnetometers (OPMs). 66
Table 32. Key players in Optically Pumped Magnetometers (OPMs). 67
Table 33. Applications for TMR (Tunneling Magnetoresistance) sensors. 69
Table 34. Market players in TMR (Tunneling Magnetoresistance) sensors. 70
Table 35. Applications of N-V center magnetic field centers 71
Table 36. Key players in N-V center magnetic field sensors. 72
Table 37. Global market forecasts for quantum magnetic field sensors, by type, 2025-2035 (Millions USD). 73
Table 38. Applications of quantum gravimeters 76
Table 39. Comparative table between quantum gravity sensing and some other technologies commonly used for underground mapping. 76
Table 40. Key players in quantum gravimeters. 78
Table 41. Global market for Quantum gravimeters 2025-2035 (Millions USD). 79
Table 42. Comparison of quantum gyroscopes with MEMs gyroscopes and optical gyroscopes. 82
Table 43. Markets and applications for quantum gyroscopes. 87
Table 44. Key players in quantum gyroscopes. 88
Table 45. Types of quantum image sensors and their key features. 90
Table 46. Applications of quantum image sensors. 91
Table 47. Global market for quantum image sensors 2025-2035 (Millions USD). 93
Table 48. Key players in quantum image sensors. 94
Table 49. Comparison of quantum radar versus conventional radar and lidar technologies. 96
Table 50. Applications of quantum radar. 97
Table 51.Types of Quantum NEMS and MEMS. 99
Table 52. Quantum Sensors in Healthcare and Life Sciences. 105
Table 53. Quantum Sensors in Defense and Military 106
Table 54. Quantum Sensors in Environmental Monitoring 108
Table 55. Quantum Sensors in Oil and Gas 110
Table 56. Quantum Sensors in Transportation. 112
Table 57.Glossary of terms. 148
Table 58. List of Abbreviations. 151

List of Figures

Figure 1. Quantum computing development timeline. 14
Figure 2.Quantum investments 2012-2024 (millions USD). 16
Figure 3. National quantum initiatives and funding. 16
Figure 4. Quantum Sensors: Market and Technology Roadmap to 2040. 33
Figure 5. Global market for quantum sensors, by types, 2018-2035 (Millions USD). 37
Figure 6. Global market for quantum sensors, by volume, 2018-2035. 38
Figure 7. Global market for quantum sensors, by sensor price, 2018-2035. 39
Figure 8. Global market for quantum sensors, by end use industry, 2018-2035 (Millions USD). 40
Figure 9. Q.ANT quantum particle sensor. 45
Figure 10. Current Technological Readiness Levels: Quantum Sensors. 46
Figure 11. SWOT analysis for quantum sensors market. 47
Figure 12. Strontium lattice optical clock. 51
Figure 13. NIST's compact optical clock. 53
Figure 14. SWOT analysis for atomic clocks. 55
Figure 15. Global market for atomic clocks 2025-2035 (Billions USD). 57
Figure 16.Principle of SQUID magnetometer. 62
Figure 17. SWOT analysis for SQUIDS. 66
Figure 18. SWOT analysis for OPMs 68
Figure 19. Tunneling magnetoresistance mechanism and TMR ratio formats. 69
Figure 20. SWOT analysis for TMR (Tunneling Magnetoresistance) sensors. 71
Figure 21. SWOT analysis for N-V Center Magnetic Field Sensors. 73
Figure 22. Global market forecasts for quantum magnetic field sensors, by type, 2025-2035 (Millions USD). 74
Figure 23. Quantum Gravimeter. 75
Figure 24. Global market for Quantum gravimeters 2025-2035 (Millions USD). 80
Figure 25. SWOT analysis for Quantum Gravimeters. 81
Figure 26. SWOT analysis for Quantum Gyroscopes. 89
Figure 27. SWOT analysis for Quantum image sensing. 92
Figure 28. Global market for quantum image sensors 2025-2035 (Millions USD). 93
Figure 29. Principle of quantum radar. 95
Figure 30. Illustration of a quantum radar prototype. 96
Figure 31. ColdQuanta Quantum Core (left), Physics Station (middle) and the atoms control chip (right). 124

The Global Market for Quantum Sensors 2025-2035

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