Saudi Arabia Quantum Sensor Market Size & Outlook
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Saudi Arabia quantum sensor market highlights
- The Saudi Arabia quantum sensor market generated a revenue of USD 14.3 million in 2023 and is expected to reach USD 28.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, atomic clocks 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 2023 | USD 14.3 million |
| Market revenue in 2030 | USD 28.2 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Atomic clocks |
| Fastest growing segment | PAR Quantum Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.7% 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 Middle East & Africa, Saudi Arabia quantum sensor market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 28.2 million by 2030.
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Quantum Sensor Market Scope
Quantum Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spectrum Technologies | View profile | 11-50 | Santa Clara, California, United States, North America | http://www.spectrumbiztech.com |
| Muquans | View profile | 11-50 | Talence, Aquitaine, France, Europe | https://www.muquans.com/ |
| GWR Instruments | View profile | 1-10 | San Diego, California, United States, North America | http://www.gwrinstruments.com/ |
| Biospherical Instruments | View profile | 11-50 | San Diego, California, United States, North America | http://www.biospherical.com/ |
| Adsense | View profile | - | Mountain View, California, United States, North America | https://adsense.google.com/start |
| Adtran Holdings Inc | View profile | 3227 | 901 Explorer Boulevard, Huntsville, AL, United States, 35806-2807 | https://www.adtran.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
Saudi Arabia 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.
Atomic clocks was the largest segment with a revenue share of 36.36% in 2023. Horizon Databook has segmented the Saudi Arabia 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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Our clientele includes a mix of quantum sensor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia quantum sensor market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia quantum sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia quantum sensor market size, by product, 2018-2030 (US$M)
Saudi Arabia Quantum Sensor Market Outlook Share, 2023 & 2030 (US$M)
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