USD 311.4 million
Report ID:
SQMIG45K2153 |
Region:
Global |
Published Date: May, 2025
Pages:
192
|Tables:
95
|Figures:
69
Global Quantum Sensors Market size was valued at USD 311.4 million in 2023 and is poised to grow from USD 358.11 million in 2024 to USD 1095.47 million by 2032, growing at a CAGR of 15.0% during the forecast period (2025-2032).
There is a growing trend towards miniaturization and integration of quantum sensors. Quantum sensor development is now aimed at compact and portable quantum sensors, which can be integrated into existing systems or used as separate systems. Miniaturization creates broader applicability, ease of use, and cost effectiveness. Quantum sensors also find important applications in quantum communication and cryptography. Quantum Key Distribution (QKD) technology employs quantum sensors to detect and measure quantum states in order to provide secure communication.
Moreover, quantum sensors will become more sought-after as demand for secure communication grows. Governments and private investors are pouring money into quantum technology research and development. These investments fuel the global quantum sensors market growth by spurring innovation, improving infrastructure, and enabling the commercialization of quantum technologies.
For instance, in 2024, the U.S. Senate introduced the National Quantum Initiative Reauthorization Act, authorizing USD 2.7 billion over five years for federal quantum R&D efforts. At the international level, governments committed another USD 3.1 billion to quantum technology, with total public funding amounting to approximately USD 44.5 billion.
What Role Does Artificial Intelligence Play in Quantum Sensing Advancements?
AI utilization in the quantum sensors industry is increasing in relevance as it supports system automation, data interpretation, and sensor performance. Accuracy improvement in real-time measurement, anomaly detection, and noise cancellation is attained with the application of machine learning methodologies. Adaptive calibration and predictive maintenance are enabled by AI in order to achieve maximum effectiveness and lifespan of quantum sensors. The healthcare, navigation, and defense sectors can be aided by quicker, wiser, and more accurate decision-making through the integration of AI-driven analytics with quantum sensing abilities.
Market snapshot - 2025-2032
Global Market Size
USD 311.4 million
Largest Segment
Magnetic Sensors
Fastest Growth
PAR Quantum Sensors
Growth Rate
15.0% CAGR
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Global Quantum Sensors Market is segmented by Platform, Product Type, Application, End Use, and region. Based on Platform, the market is segmented into Neutral Atoms, Trapped Ions, Nuclear Magnetic Resonance, Optomechanics, Photons, Defects In Diamonds and Superconductors. Based on Product Type, the market is segmented into Atomic Clocks, Magnetic Sensors, photosynthetically active radiation (PAR), Quantum Sensors and Gravimeters, and Accelerometers. Based on Application, the market is segmented into Environmental monitoring, Medical imaging, Precision measurement and LiDAR. Based on End Use, the market is segmented into Aerospace & Defense, Oil & Gas, Agriculture & Environment, Construction & Mining, Automotive & Transportation, Healthcare and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the 2024 global quantum sensors industry analysis, the magnetic sensors segment has also been the dominant force in the market globally, accounting for approximately 47% of the market share. The sensors are revolutionizing many quantum sensors applications, such as security and military applications, and navigation & position-tracking systems. Its leadership is necessitated by the segment's need to detect and discriminate ferromagnetic and conductive objects, support antitheft systems, and assist in accurate navigation features. The technology's advanced capability to sense and measure magnetic fields with great accuracy based on quantum properties of atoms or atom-like systems has made it priceless in numerous industries.
The par quantum sensors category is expected to grow with the highest CAGR during the forecast period. Controlled environment agriculture, such as vertical farming and greenhouse farming, is gaining popularity to enhance the efficiency of crop production and address food security requirements. As controlled environment agriculture increases, the need for PAR quantum sensors is expected to grow.
Based on the global quantum sensors market forecast, the market share is led by the oil & gas industry, commanding an impressive 37% market share. The large market share is a result of extensive application of quantum sensing devices to precisely monitor remotely oil & gas flows at every downstream, midstream, and upstream production stage. The significance of the segment is further boosted by growing application of quantum detection to sense underground voids, pipes, tunnels, and other infrastructural flaws in oil and gas reserves. Major oil and gas producers are investing very aggressively in developing quantum computing, as seen by Chevron Corporation's recent investment in quantum computing development through Chevron Technology Ventures in March 2024, reflecting mounting interest in quantum technologies in the sector.
The healthcare sector is proving to be the fastest-growing sector of the quantum sensors market, with growth at a rate of approximately 16% in the forecast period. This phenomenal growth is due to the increasing application of quantum measurement in sensing magnetic areas and other physical sectors with high spatial resolution and sensitivity for biomedical applications.
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North America, which includes the United States and Canada, accounts for approximately 27% of the quantum sensors market in 2024. The region's leadership stems from its robust research and development base, particularly in quantum technology. The presence of leading technology companies, research institutes, and ample government funding constitutes a fertile terrain for quantum sensor innovation. The region is reported to regularly invest in quantum sensors due to increasing demand in various industries like autonomous vehicles, healthcare diagnostics, and the military. Increased funding from government bodies for research and development activities in quantum technology, including sensors, is fueling the market's growth.
The United States continues to be a leader in the quantum sensors market due to its bulk government investments, collaborations with world-class institutions, and encouraging commercialization. The U.S. National Science Foundation pledged USD 29 Million in April 2024 for funding 18 research groups researching applications of quantum sensing. The goal of the program is to develop sensing technology for applications such as geological prospecting, navigation, and diagnostics.
With continued public and private investment, Canada continues to establish its position in the quantum technology field. Quantum sensor research and application are featured in the nation's National Quantum Strategy, especially navigation, climate monitoring, and medical diagnosis. Through catalyzing innovation from laboratory to market, Canadian businesses and universities are positioning Canada in the quantum community.
Europe has displayed impressive developments in the market of quantum sensors at a rate of nearly 12% over the forecast period. Europe, including the leading countries of the United Kingdom, Germany, France, Spain, the Netherlands, and Russia, is at the forefront as a trendsetter for quantum technology development. The European countries have pursued strategic policies and megaproject funding schemes to lead the innovation and commodification of quantum sensors. The region's strength lies in its collaborative culture between research institutions, academic institutions, and industrial partners.
The German quantum sensors market is expected to grow significantly. This is attributable to rising investments by several sectors of Germany. For instance, in 2024, the German automotive sector plans to invest EUR 53.2 Billion in research, where a special emphasis is placed on sensor technology, i.e., quantum sensors. Technologies such as energy-efficient transport systems, predictive maintenance, and self-driving cars depend on them. Germany also is fostering collaboration between quantum industries and car manufacturers through research cooperation. The dedication of the country to remaining at the forefront of research on advanced materials as well as being at the leading edge of industrial progress is seen here.
With an eye on practical applications of quantum sensors in fields like healthcare, energy, and transport, the UK government announced a GBP 45 million funding in February 2024 under its National Quantum Strategy. This support helps R&D centers, colleges, and businesses to advance deployable quantum devices more quickly. By developing a robust ecosystem that promotes commercial adoption and global leadership in the field, the UK seeks to become the top quantum innovation hub in Europe.
France is leading the quantum sensors market during the forecast period. This is due to several innovations by France in the industry. Through its "France 2030" innovation plan, France is accelerating in quantum sensing. France is investing in airplanes, environmental monitoring, and defense with government backing and strategic partnership with CNRS, Thales, and entrepreneurs dedicated to quantum technology. These investments are made as part of larger EU ambitions for digital and scientific sovereignty and are intended to decrease reliance on technology, enhance industrial competitiveness, and establish France as a leader in quantum-enabled fields.
The Asia-Pacific quantum sensor market is projected to grow well with a probable CAGR of around 14% during the projection period. Asia-Pacific, including China, Japan, India, and South Korea is emerging as a force to be reckoned with in the evolution of quantum technology. Asia-Pacific market dynamics are characterized by increasing R&D expenditure, improving manufacturing capabilities, and fast-growing adoption across sectors. The sector is well positioned due to its high performing manufacturing and building technological strengths.
Investment in quantum sensor research and infrastructure, South Korea is advancing its quantum technology ambitions. Government initiative is stimulating cooperation between industry leaders like Samsung and academic institutions to create communication, autonomous vehicles, and defense sensors. Quantum sensing as a critical enabler of digital transformation and technological independence across major industries is the focus of the country, which is part of the country's overall vision of a tech-based economy.
Japan is a top player in the creation of quantum sensors in the world. Its public-private research initiatives headed by research institutions and companies like Toshiba are centered on quantum cryptography, medical imaging, and seismic detection. Japan is bridging the gap between deployment and research and development using its know-how in technology and industrial base. The government's ongoing support underpins Japan's position within the quantum race in Asia, which further accelerates the use of quantum sensing in diverse applications.
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Quantum Computing Advancements
Increasing Demand for Precise Measurements
High Development and Deployment Costs
Lack of Expert Work
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Established companies and startups that are continuously developing technology rule the quantum sensors market. With huge R&D and acquisition spendings, top companies like IBM, Google, and Honeywell are actively engaged in developing their quantum sensing technologies. To satisfy the increasing requirements of the market, small companies are also looking for specialized uses, including in healthcare and defense sectors. In this competitive climate, strategic collaboration and teamwork are the order of the day.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to government outlays, requirements for extremely high-precision measurement, and emerging quantum computer technologies, the global quantum sensors market outlook has the potential to change explosively on a world scale. Miniaturization and sensing technology are creating new possibilities for development despite the challenges presented by high investment and a lack of experienced specialists. Quantum sensors are an important future technology due to their high accuracy in mission-critical uses such as defense, health, and navigation. The market will be more capable and utilized in more fields with additional research and development.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 311.4 million |
Market size value in 2032 | USD 1095.47 million |
Growth Rate | 15.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Quantum Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Quantum Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Global Quantum Sensors Market size was valued at USD 311.4 Million in 2023 and is poised to grow from USD 358.1 Million in 2024 to USD 1,095.4 Million by 2032, growing at a CAGR of 15% in the forecast period (2025-2032).
Established companies and startups that are continuously developing technology rule the quantum sensors market. With huge R&D and acquisition spendings, top companies like IBM, Google, and Honeywell are actively engaged in developing their quantum sensing technologies. To satisfy the increasing requirements of the market, small companies are also looking for specialized uses, including in healthcare and defense sectors. In this competitive climate, strategic collaboration and teamwork are the order of the day. 'Quantuminuum', 'Toshiba', 'Google', 'Microsoft', 'Siemens AG', 'QinetiQ Group', 'Teledyne Technologies', 'Muquans', 'ColdQuanta', 'Bosch', 'PhotonSpot', 'IMRA America, Inc.', 'Sensing Quantum Technologies'
The growth of quantum sensors has been strongly driven by the development of quantum computing. Accurate measurement and detection in the case of the development of quantum computing systems need high-sensitivity and accurate quantum sensors. The demand for quantum sensors is growing faster due to the integration of quantum computing with sensors, which is driving innovation and demand in areas such as healthcare, military, and transportation.
Quantum Sensor Miniaturization: One of the latest global quantum sensors industry trends is miniaturization of quantum sensors. As technology advances, quantum sensors are becoming more miniature and lightweight. Scientists and producers are attempting to miniaturize quantum sensors so that they can be easily integrated into devices and products such as wearable tech and smartphones. As a result, quantum sensors are increasingly widespread, affordable, and have more applications in consumer as well as commercial markets.
How Is North America Leading the Quantum Sensor Advancements in 2024?
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