Photosynthetically active radiation (PAR) constitutes the spectral range from 400 to 700 nm of the sunlight. This range of sunlight is responsible for photosynthesis in various trees, plants, and sea plants, among others. The reaction or effectiveness of photosynthesis in plants is directly proportional to the intensity of the photosynthetically active radiation (PAR) in the received sunlight. Moreover, the reaction of various shaded and sunlit plants to the received PAR varies significantly depending on the species of plants. Thereby, it is crucial to study the behavior and growth of various types of plants under varying intensities of PAR in order to completely understand plant growth. PAR sensors, also known as quantum sensors, have offered a viable solution for various scientists and researchers to detect and measure PAR levels in real time. With the use of quantum sensors attached to various meters, researchers can maintain data logs of various observations such as PAR level, plant growth and health.
There are various types of quantum sensors available in the market with both flat and spherical sensors. These different types of sensors are useful in measuring photosynthetic photon flux density (PPFD) and photosynthetic photon flux fluence rate (PPFFR) respectively. In addition, these sensors can be used in various on-ground, canopy and underwater settings. Thereby, quantum sensors are widely used in numerous applications such as outdoor monitoring, green house applications and coral aquariums, among others. Increasing adoption of quantum sensors technology in greenhouse, coral aquarium and medical equipment is expected to spur their demands through the forecast period 2020 – 2028.
The research study on quantum sensors market includes exhaustive analysis of the market driving and restraining factors related to global quantum sensors industry. The report includes recent and future market trends in the global, regional and country level quantum sensors market. The study also includes in-depth analysis of demand-supply, technology development and pricing trends. High level analysis such as competitive analysis value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.
The market study of quantum sensors also includes market estimates and forecast of quantum sensors application market size in the global, regional and country level markets in terms of revenue (US$ Bn). This market is classified on the basis of application and region. The research study also includes cross sectional analysis on the regional and country level i.e. regional market size by application. This study includes market historical market size (2018 & 2019), and forecast for the period 2020 – 2028 in terms of revenue.
The report includes profiles of major players in the global quantum sensors industry. Company profiles include detailed information about business strategies, financial overview, major competitors, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about global market competition, regional market players and suppliers and positioning of key market players in the global market along with their market winning strategies.
Based on applications, quantum sensors market is classified into following categories:
Quantum sensor used in outdoor applications accounted for the largest revenue share of over 45% in 2019 in the overall quantum sensor market. The revenue share of the segment is expected to reach 46% by 2028. A quantum sensor is used for a variety of outdoor application such as measurements of photosynthetically active radiation for forests, weather and meteorological applications and scientific studies. With the rapidly changing atmospheric conditions, the need to study adverse effects of pollution on the atmosphere is highly essential. Measurement of physical properties such as photosynthetically active radiation helps in developing the vegetation and reduce the effects of pollutions on the same. It also aids in prevention of endangered and rare species of plants to grow efficiently under the open sky or under the canopy. The governments of different countries are undertaking a number of steps to prevent and develop forest vegetation. Consequently, the use of quantum sensor for developing forestation and meteorological applications has raised exponentially. Perpetual evolution of new and improved techniques for farming and related devices required for measuring different physical attributes essential for farming has boosted the demand for quantum sensors.
The global quantum sensors market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the quantum sensors market is further classified into Latin America, Middle East and Africa.
In 2019, North America contributes to the largest share, in terms of revenue and adoption, of the overall quantum sensors market. The region contributed to over 40% of the total market revenue generated worldwide, in 2019. The market here is primarily driven by the U.S. constituting more than 90% of the total regional revenue. Light measurement and management has been popular to the U.S. so as to ensure they generate optimum yield from agriculture. Large farm owners in the U.S. are well acquainted with light measurement units, especially footcandles. As a result, North America remains among the most promising markets for quantum sensors.
In terms of revenue, Europe represents the second largest market for quantum sensors worldwide behind North America. The quantum sensors market in Europe is majorly concentrated in Western Europe with countries including Germany, the U.K., Italy, Spain and France touted as major growth hot spots in Europe.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Quantum Sensors market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
