Europe Quantum Sensors Market Size, Share & Trends Analysis Report By Product (Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors), By Application (Military & Defence, Automotive) and By Country(U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europ) Forecasts, 2022-2030

Market Overview

The Europe Quantum Sensors Market size is expected to reach a valuation of USD 344.76 million by 2030, growing at a CAGR of 8.40% during the forecast period (2022–2030).

Quantum sensors are mostly used in the automotive, aerospace, healthcare, military, and defence industries. Quantum sensors are employed in a wide range of military and defence applications, from providing extremely precise positioning data to detecting submarines in the ocean. Quantum sensors are becoming increasingly significant in the automotive industry due to their ability to offer extremely precise dimensions. They are mostly used for navigation in automobiles. The development of quantum sensors such as atomic clocks, sensitive quantum gravitometers, and low-noise quantum interference microscopy will be accelerated using these novel quantum sensing technologies. One of the key drivers of the quantum sensors business is the rising government investment in quantum research to gain an economic and military advantage. Various industry segments working in end-user verticals around the world are attempting to integrate NV-based ensemble quantum sensors into commercial chip packages, which is a key step toward making quantum sensing technology available in a wide range of sensor devices. However, difficulties such as a lack of awareness, expensive installation and maintenance costs, and pricey R&D expenses are limiting the market's growth over the forecast period.

Due to expanding use in geophysics, navigation, and brain imaging, growing technological advancements, and the presence of significant businesses in this area, Europe is likely to hold the largest share of the worldwide quantum sensors market.

Market Dynamics

Key industry drivers

• Technological advancement coupled with its usage in various fields

  Expanding quantum technology research and educational activities are expected to provide ample opportunities to demonstrate advancement in a variety of fields, including positioning frameworks, electric and magnetic field sensors, communication innovation, microscopy, mineral prospecting, and seismology, as well as applications in the military, development industry, automotive, and so on. This innovation is offered in a variety of domains due to features such as high credibility and accuracy. In this sector, there is a lot of research going on in the domain of dispatches. A new approach for building quantum sensors with ultra-high precision has been discovered, according to a study done by the University of Bristol. According to a study, quantum sensors were able to escape the presence of vibrations caused by solid materials, which are considerably larger objects and are typically regarded as harmful. These advancements are expected to drive the Quantum Sensors market towards growth in the Europe region.

• Market growth due to autonomous vehicle (self driving cars) concept

  With the use of quantum sensing technologies, autonomous vehicles can see around corners, and portable scanners can examine a person's brain activity. These things are becoming a reality thanks to technology that includes motion, such as imaging, rotation, acceleration, and gravity – as well as magnetic and electric fields. Self-driving vehicles that can see around early-warning systems for earthquakes and volcanic activity, as well as underwater navigation systems, could benefit from the technology. Quantum sensing technology will also enable the measurement of electric and magnetic fields, the comparison of physical quantities to atomic qualities, and the improvement of sensitivity and precision. As a result, the adoption of quantum sensing technology in autonomous vehicles will propel market growth in European Region.

Key industry restraints

• High operational cost and complexions in maintenance

  When compared to ordinary sensors, the operational and maintenance costs of Quantum Sensors are relatively expensive. The accumulation of dust and other soluble deposits on these sensors necessitates daily cleaning, preferably with water and/or a mild detergent, such as dish-washing soap and vinegar for maintenance. This cleaning procedure is necessary to ensure the calibration's accuracy. Because the acrylic fabric used in some quantum sensors might craze when exposed to alcohol or natural solvents, regular protection is required to avoid undesirable results at the sensor's cosine reaction. Furthermore, the operating costs of maintaining all aspects are significant, which may act as a stumbling block to Europe's market expansion.

Key industry opportunities

• Expansion of the automotive industry of europe

  The automotive industry is critical to Europe's economic development. The automobile industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1% of overall employment in the EU. Direct production of automobiles employs 2.6 million people, accounting for 8.5% of all manufacturing jobs in the EU. The EU is one of the world's leading makers of automobiles, and the automotive industry is the greatest private investor in R&D. (R&D). The European automotive industry is constantly increasing, and this trend is projected to continue in the next years, resulting in increased demand for these sensors in the region.

Regional Analysis

By 2030, the Europe Quantum Sensors Market is estimated to be worth USD 344.76 million, increasing at a CAGR of 8.40% over the forecast period (2022–2030). Europe is expected to hold the greatest share of the global quantum sensors market due to increased application in geophysics, navigation, and brain imaging, growing technological breakthroughs, and the presence of prominent firms in this field.

Europe is the largest market shareholder and generates a lot of revenue. Europe, as the industrial core and home to key military powers such as Germany, has the fastest-growing quantum sensor market. Germany has a very large defence and military with lots of advanced machines and equipment which is the reason for the country’s substantial demand for these Quantum Sensors.

The United Kingdom was a pioneer in quantum computing. In addition, the UK government recognised the potential of emerging quantum technologies and offered GBP 270 million in funding for the National Quantum Technologies Programme in the 2013 Autumn Statement. The programme is a collaboration between the Department for Business, Innovation and Skills (BIS), the Engineering and Physical Sciences Research Council (EPSRC), Innovate the UK, and the National Physical Laboratory (NPL), as well as the Defence Science and Technology Laboratory (DSTL) and the National Technical Authority for Information Assurance (NTAIA) (CESG). Several governmental agencies have backed the national effort, and GBP 120 million has been invested in a number of quantum technology hubs. The country supports a strong scientific base that is adaptable enough to respond to new opportunities and is focused on the obstacles that those wanting to commercialise quantum technology encounter.

Over the projection period, demand in France is expected to grow at a healthy CAGR. The European quantum sensor industry has been noted to be dominated by France, Spain, Germany, Russia, and BENELUX. Quantum imaging, quantum simulation, and quantum sensing technology are expected to be deployed at a rapid pace in France.

Segmental Analysis

Atomic clocks, magnetic sensors, and PAR quantum sensors make up the by-product segmentation of the Europe Quantum Sensors Market. With a considerable growth rate, magnetic sensors presently dominate the market in the region. The majority of magnetic sensors are used in military and security applications such as ferromagnetic substance detection, discrimination, and identification, navigation, position tracking, and antitheft systems.

Quantum sensors and related technology are in more demand as a result of an upward trend in quantum sensor commercialisation for military and defence applications, as well as increased government financing in many developing countries throughout the world. Magnetic sensors are necessary for many security applications because the magnetic field is undetectable and penetrates most objects.

Traditional magnetic sensors such as fluxgates, induction coils, and resonance magnetometers are currently being supplemented by new sensor types such as AMR (Anisotropic Magneto Resistors), GMR (massive Magneto-Resistance), SDT (Spin-dependent Tunnelling), and GSR (Geometric Spin-dependent Tunnelling) (big Magneto-Impedance). Atomic clocks, with a large market share, are the second most common segmentation by-product. Atomic clocks are used extensively in space exploration activities and related investigations because to the dependency on sensors for technological know-how assessments and spacecraft functioning.

Sensors that use quantum habitats are expected to provide novel and greatly better capabilities, therefore quantum phenomena are being used more and more as sensing precisions improve. For example, NASA's Deep Space Atomic Clock, which was launched in 2019, is a critical step toward allowing spacecraft to navigate safely in deep space without relying on a time-consuming way of obtaining instructions from Earth. The Deep Space Atomic Clock will enable a shift to a greener, more adaptive, and scalable clock structure in order to gain destiny navigation and communication technologies.

The third product group is PAR quantum sensors. Quantum (PAR) sensors are well-known for their ability to detect the quantity of photo-synthetically active radiation (PAR) used by agricultural professionals. One of the standard quantum sensor packages is the size of photosynthetic photon flux (PPF) over plant canopies in outdoor environments, greenhouses, and growth chambers.

Light, which is an essential component of photosynthesis, has an impact on plant shape and structure, as well as reproduction. Plant and agricultural research, as well as detecting energetic photosynthetic radiation for agriculture and industrial horticulture programmes, are all seeing rising demand in the market under consideration.

The market is segmented by application, with quantum sensors being used in the military and defence, as well as the automobile industry. Due to the high rate of investment in quantum technology research by commercial and government navy and defence businesses, the military and defence sectors are now the most popular quantum sensor programmes. In recent years, quantum technology has captivated the interest of governments in a number of wealthy countries, resulting in a surge in quantum sensor commercialization, primarily for military and security purposes.

The army and defence companies are investing more in digital conflict (EW) technology, which is driving the segment's growth. In the previous decade, many advanced army firms developed quantum technologies, which were used to improve communications, precise navigation, and precision timing, among other things. The automotive industry is the quantum sensors market's second-largest segment.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• M Squared Lasers Ltd. has extended its operations in Germany in anticipation of substantial commercial expansion and major job creation in the region.
• Muquans SAS has announced the completion of its quantum differential gravimeter. This apparatus, which was developed in partnership with LNE-SYRTE, can measure both gravity (g) and its vertical gradient (dg/dz) at the same time. The equipment, according to the manufacturer, opens up new and exciting possibilities in the field of geophysics. This combined measurement is expected to give richer data for monitoring geophysical processes and detecting subsurface voids.