Quantum sensors, by leveraging control over fundamental particles, are enabling highly sensitive measurements of physical properties like electric and magnetic fields, gravity, and light. This technology is rapidly gaining traction in sectors such as electric and autonomous vehicles, medical imaging, quantum computing, and consumer electronics. The synergy with quantum computing and communications is further fueling interest and investment in the quantum technology sector.
The market for quantum sensors is expected to reach over $1.9 billion by 2046, with an average annual growth rate of 9% over the next two decades. The diversity in quantum sensing technologies, including atomic clocks, magnetic field sensors, and single photon detectors, is driving this growth. These sensors are set to enhance capabilities across industries, for instance, by providing GPS-denied navigation in vehicles and advanced brain imaging.
Quantum sensors are at various stages of technology readiness and market size. Some, like chip-scale tunneling magneto resistance sensors, are already prevalent in the automotive sector, while others, such as quantum magnetometers for navigation, are just entering the market. The development of these sensors is closely tied to advancements in materials and manufacturing processes.
The market trends indicate that while many quantum sensors are being commercialized, a range of challenges in manufacturing and unmet needs persist. Efforts to reduce the cost of production components could expand their use in autonomous vehicles and commercial aviation. The report highlights synergies and opportunities for material providers and explores the material properties and supply chain dynamics for quantum sensing components.
Despite not being as widely publicized as quantum computing, quantum sensors represent a breakthrough technology that could provide higher-quality data for new applications in transportation, healthcare, and consumer electronics. The coming decade will be crucial in determining which players can successfully commercialize and mass-produce these technologies.
