India Quantum Sensor Market Size & Outlook, 2023-2030

The quantum sensor market in India is expected to reach a projected revenue of US$ 106.0 million by 2030. A compound annual growth rate of 10.4% is expected of India quantum sensor market from 2024 to 2030.

Revenue, 2023 (US$M)
$53.0
Forecast, 2030 (US$M)
$106.0
CAGR, 2024 - 2030
10.4%
Report Coverage
India

India quantum sensor market highlights

  • The India quantum sensor market generated a revenue of USD 53.0 million in 2023 and is expected to reach USD 106.0 million by 2030.
  • The India market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
  • In terms of segment, quantum magnetic sensors was the largest revenue generating product in 2023.
  • PAR Quantum Sensors is the most lucrative product segment registering the fastest growth during the forecast period.


Quantum sensor market data book summary

Market revenue in 2023USD 53.0 million
Market revenue in 2030USD 106.0 million
Growth rate10.4% (CAGR from 2023 to 2030)
Largest segmentQuantum magnetic sensors
Fastest growing segmentPAR Quantum Sensors
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAtomic Clocks, Gravitational sensors, PAR Quantum Sensors, Quantum magnetic sensors
Key market players worldwideAdtran Holdings Inc, Microchip Technology Inc, Bosch, Adsense, Biospherical Instruments, GWR Instruments, Muquans, Spectrum Technologies


Other key industry trends

  • In terms of revenue, India accounted for 6.3% of the global quantum sensor market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China quantum sensor market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 106.0 million by 2030.

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Quantum Sensor Market Companies

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India quantum sensor market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to quantum sensor market will help companies and investors design strategic landscapes.


Quantum magnetic sensors was the largest segment with a revenue share of 36.98% in 2023. Horizon Databook has segmented the India quantum sensor market based on atomic clocks, gravitational sensors, par quantum sensors, quantum magnetic sensors covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India quantum sensor market , including forecasts for subscribers. This country databook contains high-level insights into India quantum sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India quantum sensor market size, by product, 2018-2030 (US$M)

India Quantum Sensor Market Outlook Share, 2023 & 2030 (US$M)

India quantum sensor market size, by product, 2018-2030 (US$M)

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