The Quantum Magnetometers Market is anticipated to increase at a remarkable compound annual growth rate (CAGR) of 5.4% from 2021 to 2031, reaching a startling worth of $1,013.3 million. The market is expected to rise as a result of the rising demand for quantum technology and significant investments in research & development. Quantum magnetometers have become widely used due to their strong value propositions in a variety of fields, such as geophysical applications, medicine, and the military.

Quantum magnetometer demand has accelerated due to the quick development of quantum technology, driving market expansion. These innovative tools revolutionise numerous industries by measuring magnetic fields with better sensitivity and accuracy. Further breakthroughs and advancements in quantum magnetometer technology are also being made possible by the rising research and development expenditures made globally, which are increasing performance and broadening the range of applications for these devices.

One of the main businesses making use of the benefits of quantum magnetometers is the geophysical, medical, and military fields. These tools are essential for non-invasive diagnostics in medicine because they allow for precise imaging and anomaly identification. Quantum magnetometers are used by the military for navigation, communication, and surveillance, offering important insights into defence operations. Quantum magnetometers' accurate measurements benefit the geophysical industry as well, helping with geological surveys and mineral prospecting.

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Key companies in the market are concentrating on strategic alliances, product launches, and technological advances to acquire a competitive edge as the global market for quantum magnetometers continues to grow. Intense competition on the market is encouraging innovation and product differentiation.

Global quantum magnetometer market will reach $1,013.3 million by 2031, growing by 5.4% annually over 2021-2031, driven by the rising demand for quantum technology, the growing R&D investment, and the compelling value propositions in medicine, the military, and geophysical applications.

Highlighted with 60 tables and 77 figures, this 151-page report “Global Quantum Magnetometer Market 2021-2031 by Product (SERFs, SQUIDs, NV-Centers Sensors, Proton Magnetometers, Overhauser Magnetometers, Optically Pumped Magnetometers, Chip-Scale Atomic Magnetometers), Industry Vertical (Healthcare and Medicine, Defense and Aerospace, QM Positioning and Communications, Geophysical Applications, Scientific Research and Development), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global quantum magnetometer market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global quantum magnetometer market in every aspect of the classification from perspectives of Product, Industry Vertical, and Region.

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Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

SERFs
SQUIDs
NV-Centers Sensors
Proton Magnetometers
Overhauser Magnetometers
Optically Pumped Magnetometers
Chip-Scale Atomic Magnetometers

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Healthcare and Medicine
Defense and Aerospace
QM Positioning and Communications

o             GPS

o             Quantum Radio

Geophysical Applications

o             Mineral Exploration

o             Magnetic Surveys

o             Volcanology and Earthquake Research

o             Archeology

o             UXO Detection

o             Hazard Detection

Scientific Research and Development

o             Astronomy and Astrophysics

o             Geology and Material Science

Geographically, the following regions together with the listed national/local markets are fully investigated:

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product and Industry Vertical over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Gem Systems

GeoMetrics, Inc

Lockheed Martin

Marine Magnetics

Qnami

QuSpin

Qzabre

SBQuantum

Tristan Technologies

Twinleaf

View Report Scope and Latest Developments in the Market:  https://www.marketwatch.com/press-release/quantum-magnetometer-market-to-surpass-10133-million-by-2031-with-a-cagr-of-54-during-2022-2032-2023-06-02?mod=search_headline

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