Quantum sensors are used in various applications such as medical analytics, cryptographic systems, and defense. They help measure important parameters accurately with minimum errors. Demand for quantum sensors is growing in healthcare sector for medical imaging, drug discovery and effective treatment monitoring.
Market key trends:
The emergence of new applications is one of the major trends driving the growth of the quantum sensors market. With continuous advancement in technology, quantum sensors are being utilized in newer applications areas beyond existing metrology, medical imaging and cryptography. For instance, quantum sensors are now finding increasing usage in resource exploration sector for mineral mapping and detection. They offer higher accuracy in precisely locating resources underground saving significant time and cost compared to conventional techniques. Quantum gravimeters based on atom interferometers are helping geologists in studying tectonic plate movement and earthquake forecasting. Rapid development of quantum computing is also augmenting the demand for quantum sensors as they serve as vital components in communication and data processing systems of quantum computers.
Segment Analysis
The quantum sensors market for medical applications dominates the overall quantum sensors market. Medical applications such as diagnostics and therapeutics use quantum sensors for disease diagnosis, DNA sequencing, imaging, and other medical procedures. The accuracy and sensitivity provided by quantum sensors enable early disease detection and precision medical procedures. This makes medical applications the largest and fastest growing segment in the quantum sensors market.
Key Takeaways
The Global Quantum Sensors Market Demand is expected to witness high growth.
Regional analysis related content comprises North America is expected to dominate the global quantum sensors market during the forecast period. The presence of major quantum sensors manufacturers and early adoption of advanced technologies drive the quantum sensors market in the region.
Key players operating in the Quantum Sensors market are GlaxoSmithKline Plc., Sanofi SA, Bharat Biotech, Bio-Med Pvt. Ltd., PT Bio Farma, PaxVax, Inc. Shanghai Institute of Biological Products Co., Ltd., and Prokarium.
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