Alaryana.com Exclusive: Quantum Sensor Market Projected to Reach $2.2 Billion by 2045
A new report from IDTechEx has predicted that the quantum sensor market is expected to reach a staggering $2.2 billion by 2045, driven by its increasingly sensitive capabilities and diverse range of applications.
The report, which provides in-depth analysis of the quantum sensor market, explores over 40 company profiles, technology developers, and end-users across 20 quantum sensing technology areas. These technologies encompass multiple types of atomic clocks and magnetic field sensors, as well as various other sensing techniques such as electromagnetism detection, gravimetry, and spectroscopy.
One of the key drivers behind the growth of the quantum sensor market is their ability to provide highly sensitive measurements of physical properties. These include timekeeping using atomic clocks, electric and magnetic fields, current, gravity, linear and angular acceleration, light, and more. According to experts, superior sensitivity relative to classical sensors makes them an attractive solution for various applications, including those within the automotive and consumer electronics industries.
The report highlights exciting development in synergy with other quantum technologies such as computing and communications, which has led to increased interest and investment into the quantum sensor space. While wide-ranging technologies are driving growth across diverse applications, varying levels of technological advancement make some key sectors more prime mover than others.
According to IDTechEx's Quantum Sensor Market 2025-2045 report, the automotive sector is already home to millions of commercially sold chip-scale tunneling magneto resistance (TMR) sensors as remote current sensing devices, whereas biomagnetic imaging using optically pumped magnetometers (OPMs) remains largely in its prototyping phase. On another scale, bench-top sized atomic clocks used extensively for years have allowed the tracking and precise time-keeping for various applications, giving ample room to continue development.
With a review of 20 quantum sensing technologies that make up this market: including but not restricted to, atomic clocks, magnetic field sensors, gyroscopes, accelerometers, gravimeters, RF sensors, single photon detectors, imaging platforms, and multiple chip-scale devices which are the key players of market share, technical readiness level analysis is conducted.