Latin America Quantum Sensor Market Size & Outlook
Latin America quantum sensor market, 2018-2030 (US$M)
Related Markets
Latin America quantum sensor market highlights
- The Latin America quantum sensor market generated a revenue of USD 28.3 million in 2023.
- The market is expected to grow at a CAGR of 8.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 28.3 million |
| Market revenue in 2030 | USD 50.6 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Quantum magnetic sensors |
| Fastest growing segment | PAR Quantum Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Atomic Clocks, Gravitational sensors, PAR Quantum Sensors, Quantum magnetic sensors |
| Key market players worldwide | Adtran Holdings Inc, Microchip Technology Inc, Bosch, Adsense, Biospherical Instruments, GWR Instruments, Muquans, Spectrum Technologies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global quantum sensor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 360.3 million by 2030.
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Quantum Sensor Market Scope
Quantum Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 36.4% in 2023. Horizon Databook has segmented the Latin America 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 continent-level data and insights on the Latin America quantum sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America quantum sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America quantum sensor market size, by country, 2018-2030 (US$M)
Latin America Quantum Sensor Market Outlook Share, 2023 & 2030 (US$M)
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