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IQT Research’s New Report Estimates Revenues from Quantum Sensors to Reach $1.9 Billion in 2032

New report from IQT research focuses on growth in quantum sensor revenue.
By Kenna Hughes-Castleberry posted 08 Nov 2023

IQT Research’s New Report Estimates Revenues from Quantum Sensors to Reach $1.9 Billion in 2032

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IQT Research, a New York-based industry analysis firm, predicts substantial growth in the quantum sensor market, with projections of an increase from $743 million in 2023 to $1.9 billion by 2032. The report “Quantum Sensors: Market Evolution 2023 to 2032” highlights business opportunities and strategies in this sector, covering a range of devices across diverse markets such as defense, healthcare, and navigation. Currently, the market is dominated by quantum magnetometers and medical applications, but this is expected to diversify significantly by 2032, with the navigation/transportation and construction sectors becoming key players. The report also suggests that the emergence of the Quantum Internet-of-Things (QIoT) could further accelerate market growth if challenges like the miniaturization of quantum processing units and the development of a Quantum Internet are overcome.

Read the full report here.

About IQT Research:
IQT Research is a division of 3DR Holdings, and the first industry analyst firm dedicated to meeting the strategic information and analysis needs of the emerging quantum technology sector. In addition to publishing reports on critical business opportunities in the quantum technology sector, Inside Quantum Technology produces a daily news website on business-related happenings in the quantum technology field.

3DR Holdings also organizes Inside Quantum Technology World Tour of Conferences. The next conference Inside Quantum Technology The Hague will be devoted to quantum communications and security and will be held on April 22-24, 2024, in the Netherlands.

For more details on the report, contact:
Lawrence Gasman
Telephone: 434-825-1311

Categories: quantum computing

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