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

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Published: September 2024
Pages: 145
Tables: 41
Figures: 26

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
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 10

1.1 First and second quantum revolutions 10
1.2 Current quantum technology market landscape 11
- 1.2.1 Key developments 12
1.3 Investment Landscape 12
1.4 Global government initiatives 13
1.5 Industry developments 2020-2024 15
1.6 Challenges for quantum technologies adoption 24
1.7 Market Drivers 25
1.8 Market and technology challenges 25
1.9 Technology Trends and Innovations 26
1.10 Market Forecast and Future Outlook 28
- 1.10.1 Short-term Outlook (2025-2027) 29
- 1.10.2 Medium-term Outlook (2028-2031) 29
- 1.10.3 Long-term Outlook (2032-2035) 31
- 1.10.4 Emerging Applications and Use Cases 32
- 1.10.5 Potential Disruptive Technologies 33
- 1.11 Global market for quantum sensors 34

2 INTRODUCTION 37

2.1 What is quantum sensing? 37
2.2 Types of quantum sensors 37
- 2.2.1 Comparison between classical and quantum sensors 37
2.3 Quantum Sensing Principles 39
2.4 Value proposition for quantum sensors 40
2.5 Current Technological Readiness Levels 41
2.6 SWOT analysis 42

3 ATOMIC CLOCKS 43

3.1 Technology Overview 43
3.2 High frequency oscillators 44
- 3.2.1 Emerging oscillators 44
3.3 Caesium atoms 44
3.4 Self-calibration 45
3.5 Optical atomic clocks 45
- 3.5.1 Chip-scale optical clocks 46
3.6 Companies 47
3.7 SWOT analysis 47
3.8 Market forecasts 49

4 QUANTUM MAGNETIC FIELD SENSORS 50

4.1 Technology overview 50
4.2 Motivation for use 51
4.3 Market opportunity 52
4.4 Superconducting Quantum Interference Devices (Squids) 52
- 4.4.1 Applications 53
- 4.4.2 Key players 55
- 4.4.3 SWOT analysis 55
4.5 Optically Pumped Magnetometers (OPMs) 56
- 4.5.1 Applications 56
- 4.5.2 Key players 57
- 4.5.3 SWOT analysis 58
4.6 Tunneling Magneto Resistance Sensors (TMRs) 59
- 4.6.1 Applications 59
- 4.6.2 Key players 60
- 4.6.3 SWOT analysis 60
4.7 Nitrogen Vacancy Centers (N-V Centers) 61
- 4.7.1 Applications 62
- 4.7.2 Key players 62
- 4.7.3 SWOT analysis 63
4.8 Market forecasts 64

5 QUANTUM GRAVIMETERS 65

5.1 Technology overview 65
5.2 Applications 66
5.3 Key players 69
5.4 Market forecasts 70
5.5 SWOT analysis 71

6 QUANTUM GYROSCOPES 72

6.1 Technology description 72
- 6.1.1 Inertial Measurement Units (IMUs) 73
- 6.1.2 Atomic quantum gyroscopes 73
6.2 Applications 74
6.3 Key players 75
6.4 SWOT analysis 76

7 QUANTUM IMAGE SENSORS 77

7.1 Technology overview 77
7.2 Applications 78
7.3 SWOT analysis 78
7.4 Market forecast 80
7.5 Key players 82

8 QUANTUM RADAR 83

8.1 Technology overview 83
8.2 Applications 84

9 QUANTUM CHEMICAL SENSORS 85

9.1 Technology overview 85
9.2 Commercial activities 85

10 QUANTUM NEMS AND MEMS 86

10.1 Technology overview 86

11 CASE STUDIES 88

11.1 Quantum Sensors in Healthcare: Early Disease Detection 88
11.2 Military Applications: Enhanced Navigation Systems 89
11.3 Environmental Monitoring 89
11.4 Financial Sector: High-Frequency Trading 90
11.5 Quantum Internet: Secure Communication Networks 91

12 END-USE INDUSTRIES 92

12.1 Healthcare and Life Sciences 92
- 12.1.1 Medical Imaging 92
- 12.1.2 Drug Discovery 93
- 12.1.3 Biosensing 93
12.2 Defense and Military 94
- 12.2.1 Navigation Systems 94
- 12.2.2 Underwater Detection 95
- 12.2.3 Communication Systems 96
12.3 Environmental Monitoring 97
- 12.3.1 Climate Change Research 97
- 12.3.2 Geological Surveys 98
- 12.3.3 Natural Disaster Prediction 99
12.4 Oil and Gas 100
- 12.4.1 Exploration and Surveying 100
- 12.4.2 Pipeline Monitoring 100
12.5 Transportation and Automotive 101
- 12.5.1 Autonomous Vehicles 101
- 12.5.2 Aerospace Navigation 102
12.6 Other Industries 103
- 12.6.1 Finance and Banking 103
- 12.6.2 Agriculture 104
- 12.6.3 Construction 105

13 COMPANY PROFILES 106 (45 company profiles)

14 APPENDICES 139

14.1 Research Methodology 139
14.2 Glossary of Terms 139
14.3 List of Abbreviations 140

15 REFERENCES 144

List of Tables

Table 1. First and second quantum revolutions. 10
Table 2. Global government initiatives in quantum technologies. 14
Table 3. Quantum technologies industry developments 2020-2024. 15
Table 4. Challenges for quantum technologies adoption. 24
Table 5. Market and technology challenges in quantum sensing. 26
Table 6. Global market for quantum sensors, by types, 2018-2035 (Millions USD). 34
Table 7. Comparison between classical and quantum sensors. 37
Table 8. Applications in quantum sensors. 38
Table 9. Technology approaches for enabling quantum sensing 39
Table 10. Value proposition for quantum sensors. 40
Table 11. Key challenges and limitations of quartz crystal clocks vs. atomic clocks. 43
Table 12. New modalities being researched to improve the fractional uncertainty of atomic clocks. 45
Table 13. Companies developing high-precision quantum time measurement 47
Table 14. Key players in atomic clocks. 48
Table 15. Global market for atomic clocks 2025-2035 (Billions USD). 49
Table 16. Comparative analysis of key performance parameters and metrics of magnetic field sensors. 50
Table 17. Types of magnetic field sensors. 51
Table 18. Market opportunity for different types of quantum magnetic field sensors. 52
Table 19. Applications of SQUIDs. 53
Table 20. Market opportunities for SQUIDs (Superconducting Quantum Interference Devices). 54
Table 21. Key players in SQUIDs. 55
Table 22. Applications of optically pumped magnetometers (OPMs). 56
Table 23. Key players in Optically Pumped Magnetometers (OPMs). 57
Table 24. Applications for TMR (Tunneling Magnetoresistance) sensors. 59
Table 25. Market players in TMR (Tunneling Magnetoresistance) sensors. 60
Table 26. Applications of N-V center magnetic field centers 62
Table 27. Key players in N-V center magnetic field sensors. 62
Table 28. Global market forecasts for quantum magnetic field sensors, by type, 2025-2035 (Millions USD). 64
Table 29. Applications of quantum gravimeters 66
Table 30. Comparative table between quantum gravity sensing and some other technologies commonly used for underground mapping. 67
Table 31. Key players in quantum gravimeters. 69
Table 32. Global market for Quantum gravimeters 2025-2035 (Millions USD). 70
Table 33. Comparison of quantum gyroscopes with MEMs gyroscopes and optical gyroscopes. 72
Table 34. Markets and applications for quantum gyroscopes. 74
Table 35. Key players in quantum gyroscopes. 75
Table 36. Types of quantum image sensors and their key features/. 77
Table 37. Applications of quantum image sensors. 78
Table 38. Global market for quantum image sensors 2025-2035 (Millions USD). 80
Table 39. Key players in quantum image sensors. 82
Table 40. Comparison of quantum radar versus conventional radar and lidar technologies. 84
Table 41. Applications of quantum radar. 84

List of Figures

Figure 1. Quantum computing development timeline. 11
Figure 2.Quantum investments 2012-2024 (millions USD). 13
Figure 3. National quantum initiatives and funding. 14
Figure 4. Global market for quantum sensors, by types, 2018-2035 (Millions USD). 36
Figure 5. Q.ANT quantum particle sensor. 41
Figure 6. Current Technological Readiness Levels: Quantum Sensors. 42
Figure 7. SWOT analysis for quantum sensors market. 43
Figure 8. NIST's compact optical clock. 46
Figure 9. SWOT analysis for atomic clocks. 48
Figure 10. Global market for atomic clocks 2025-2035 (Billions USD). 50
Figure 11.Principle of SQUID magnetometer. 54
Figure 12. SWOT analysis for SQUIDS. 56
Figure 13. SWOT analysis for OPMs 58
Figure 14. Tunneling magnetoresistance mechanism and TMR ratio formats. 59
Figure 15. SWOT analysis for TMR (Tunneling Magnetoresistance) sensors. 61
Figure 16. SWOT analysis for N-V Center Magnetic Field Sensors. 64
Figure 17. Global market forecasts for quantum magnetic field sensors, by type, 2025-2035 (Millions USD). 65
Figure 18. Quantum Gravimeter. 66
Figure 19. Global market for Quantum gravimeters 2025-2035 (Millions USD). 71
Figure 20. SWOT analysis for Quantum Gravimeters. 72
Figure 21. SWOT analysis for Quantum Gyroscopes. 76
Figure 22. SWOT analysis for Quantum image sensing. 79
Figure 23. Global market for quantum image sensors 2025-2035 (Millions USD). 81
Figure 24. Principle of quantum radar. 83
Figure 25. Illustration of a quantum radar prototype. 84
Figure 26. ColdQuanta Quantum Core (left), Physics Station (middle) and the atoms control chip (right). 114

The Global Market for Quantum Sensors 2025-2035

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