The Quantum Sensing Market is to Touch $743.95 Million by 2030; Growing demand from medical sector and Rising technological growth propels market growth.

The Quantum Sensing Market size is estimated to reach $743.95 million by 2030, growing at a CAGR of 7.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Quantum Sensing Market – By Sensing Technology (Atomic Magnetometers, Atomic Clocks, Quantum Interferometers, Quantum Imaging, Gravity Detection, Others), By End Use Industry (Defense & Aerospace, Healthcare & Life Sciences, Oil & Gas, Environmental Monitoring, Transportation & Logistics, Civil Engineering, Telecommunications, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Advancements in quantum computing integration and Expansion in environmental monitoring are expected to create growth opportunities in the market during forecast period.

Europe accounted for the largest share of 36% of the Quantum Sensing Market in 2023 followed by North America and APAC. In January 2024, The CARIOQA project partners—CNES, German Aerospace Center (DLR), Airbus Defence & Space, GMV, FORTH/PRAXI, and the European Commission—officially commenced phase A of the project. This milestone marked significant progress in developing a quantum sensor using cold atoms for acceleration measurements. 

The medical sector is emerging in the quantum sensing market due to growing demands for advanced sensing technologies in healthcare applications. Quantum sensing offers unparalleled sensitivity and precision, making it ideal for medical imaging, bio-magnetic field measurement, and early disease detection. For instance, quantum sensors can enhance the resolution and accuracy of magnetic resonance imaging (MRI) scans, enabling clearer visualization of anatomical structures and abnormalities. Additionally, quantum sensing enables the detection of subtle bio-magnetic signals associated with brain activity and cardiac function, facilitating the diagnosis and monitoring of neurological disorders and cardiac conditions. As the healthcare industry continues to prioritize advanced diagnostic and therapeutic technologies, the demand for quantum sensing solutions is expected to rise, driving innovation and investment in this sector. Quantum sensing holds the potential to revolutionize medical diagnostics and improve patient outcomes through more precise and efficient healthcare practices.

As advancements in quantum technology accelerate, the capabilities of quantum sensing devices continue to expand, offering unprecedented levels of sensitivity, precision, and functionality. Innovations in areas such as atomic clocks, atomic magnetometers, and quantum imaging enable quantum sensors to surpass the limitations of traditional sensing technologies, revolutionizing fields like navigation, healthcare, and environmental monitoring. Additionally, the emergence of quantum computing platforms provides enhanced computational power for processing and analyzing sensor data, unlocking new possibilities for real-time monitoring and decision-making. With increasing investments from governments, research institutions, and private companies, the pace of technological growth in the quantum sensing market is expected to continue, driving innovation, expanding application areas, and shaping the future of sensing technologies.

 

• In January 2022, ID Quantique released a new time controller for precise single-photon applications across the globe to explore the technologies needed to create the building blocks for a Quantum Internet, unlocking the immense suite of capabilities and opportunities, as well as social and technological gains, coming from globally distributed Quantum Computing.

• In February 2024, Qnami announces the commercial partnership with Quantum Design Japan and Korea to bring its quantum sennsors to East Asia.

• In December 2022, AOSense launched the first generation of commercially viable quantum technology. This innovation, developed alongside NASA, focuses on precision navigation using ultra-accurate sensors. Their work extends beyond navigation, with ongoing research into medical applications like enhanced MRI scans.

Key companies profiled in the Quantum Sensing Market are Bosch Sensortec GmbH, Honeywell International Inc., Texas Instruments Incorporated, STMicroelectronics N.V., TE Connectivity Ltd., NXP Semiconductors N.V., Sensata Technologies, Inc., Omron Corporation, ABB Ltd., Emerson Electric Co., and others.