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Global Outlook for the Quantum Magnetometer Markets 2020-2029 - A $700 Million MarketDUBLIN, Sept. 22, 2020 /PRNewswire/ -- The "Quantum Magnetometer Markets: 2020 to 2029" report has been added to ResearchAndMarkets.com's offering. The market for quantum magnetometers is forecast to grow to well over $700 million by 2025 driven by compelling value propositions in medicine, the military, and geophysical applications. This report examines both technical and market factors driving the market for quantum magnetometers: Geophysical studies and exploration is by far the biggest market for magnetometers and this area has used classical magnetometers for half a century for applications such as mineral explorations, magnetic survey, and hazard detection. This report discusses how the use of quantum technology for magnetometers is expanding the market for geophysical studies. While all quantum magnetometers offer users enhanced sensitivity compared with classical magnetometers, there is growing competition in the field between optically pumped magnetometers, proton magnetometers, Overhauser magnetometers, SERFs, NV-diamond vapor cell magnetometers and SQUIDs. In this report, we discuss how each of these magnetometer types fit the needs of key end-user industries. While, quantum magnetometers have been shown to add value to some established markets, interesting - and potentially profitable - new applications for quantum magnetometers are also beginning to appear. For example, beyond medical imaging, the extreme sensitivity of SQUIDs makes them ideal for biological investigations of various kinds. And NV-diamond center magnetometers are being used in navigation systems where conventional GPS won't work. A detailed assessment of the commercial potential for such novel systems is also included in this report. Quantum magnetometers have a large number of applications in the military. Both researchers in the US and China are working on such applications and this report discusses the impat that an era of Sino-American tensions may have on the quantum magnetometer business. The report also examines new quantum technology developments in the magnetometer. In particular, it looks at chip-scale atomic magnetometers and what these might mean in drones for aerial systems, the measurement of interplanetary magnetic fields or deployed close to the heart for magnetocardiography, among other applications. Key Topics Covered: Chapter One: Background to this Report Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/gdyre4 About ResearchAndMarkets.com Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-outlook-for-the-quantum-magnetometer-markets-2020-2029---a-700-million-market-301135537.html SOURCE Research and Markets |