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Global Atomic Clock Markets Report 2020-2027: Market Opportunities in Next-Generation Chip-Scale Atomic Clocks (CSACs)DUBLIN, Feb. 1, 2021 /PRNewswire/ -- The "Atomic Clock Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type and Application" report has been added to ResearchAndMarkets.com's offering.  The market was valued at US$ 418.73 million in 2019 and is projected to reach US$ 668.58 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027. Europe has the presence of satellite communication solutions providers such as Satcom Global Ltd and Holkirk Communications Ltd. However, the onboard atomic clocks driving satellite-navigation signals on the European Galileo network have noticeably failed, and nine clocks have stopped working on the 18 satellites in orbit. Such factors hinder the growth of the atomic clock market in Europe. Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand from customers. The atomic clock market players mainly focus on the acquisition strategy to expand their business and maintain their brand name globally. For instance, in 2020, Orolia is selected for the Galileo Global Navigation Satellite System (GNSS). Under contracts totaling ?26 million, Orolia delivered the most stable, accurate timing solutions available. Impact of COVID-19 Pandemic on Atomic Clock Market All major countries across the globe are characterized by the presence of various sectors such as BFSI, automotive, aerospace & defense, and telecommunication and broadcasting. The COVID-19 outbreak is adversely affecting across all regions. The governments across the globe are imposing lockdowns and movement restrictions due to the crisis. Recently, the second wave of the outbreak across the globe led to a month-long lockdown in several countries. A large number of businesses - especially SMEs - are facing financial challenges as they are suspending their operations or reducing activities in a substantial manner owing to restrictions imposed by the government and lack of manpower. In various countries, the lockdown is putting restrictions on a few activities such as new projects/programs launch and R& D investments. It is also disrupting delivery schedules due to supply and demand gaps, which is restraining the growth of atomic clock market. Key Topics Covered: 1. Introduction 1.1 Study Scope 1.2 Report Guidance 1.3 Market Segmentation 2. Key Takeaways 3. Research Methodology 4. Atomic Clock Market Landscape 4.1 Market Overview 4.2 PEST Analysis 4.3 Ecosystem Analysis 4.4 Expert Opinion 5. Atomic Clock - Market Dynamics 5.1 Market Drivers 5.1.1 Increasing Need for a High Precision Atomic Clock in Aerospace and Military 5.1.2 High Demand from Metrology Station Owing to a Time-Sensitive Applications 5.2 Market Restraints 5.2.1 High Cost and Complexities Associated with Atomic Clocks 5.3 Market Opportunities 5.3.1 Next-Generation Chip-Scale Atomic Clocks (CSACs) 5.4 Future Trends 5.4.1 Atomic Clocks based on Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms 5.5 Impact Analysis of Drivers and Restraints 6. Atomic Clock Market - Global Analysis 6.1 Global Atomic Clock Market Overview 6.2 Atomic Clock Market - Revenue and Forecast to 2027 (US$ Million) 6.3 Market Positioning - Five Key Players 7. Atomic Clock Market Analysis - By Type 7.1 Overview 7.2 Atomic Clock Market, By Type (2019 and 2027) 7.3 Rubidium Atomic Clock and CSAC 7.4 Cesium Atomic Clock 7.5 Hydrogen Maser Atomic Clock 8. Atomic Clock Market Analysis - By Application 8.1 Overview 8.2 Atomic Clock Market, By Application (2019 and 2027) 8.3 Space and Military/Aerospace 8.4 Scientific and Metrology Research 8.5 Telecom and Broadcasting 9. Atomic Clock Market - Geographic Analysis 9.1 Overview 10. Atomic Clock Market - COVID-19 Impact Analysis 10.1 Overview 11. Atomic Clock Market-Industry Landscape 11.1 Overview 11.2 Market Initiative 11.3 Merger and Acquisition 11.4 New Development 12. Company Profiles
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SOURCE Research and Markets 
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