Wilmington, Delaware, United States, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The global market for atomic clocks was estimated to have acquired US$ 439 million in 2022. It is anticipated to advance with a 7.2% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 819.8 million.
The accurate reference signals generated by atomic clocks are transmitted to the Earth and used by navigational devices. These devices can calculate their positions with accuracy by monitoring the length of time it requires for signals to land at the receiver from various satellites. Applications like accurate navigation and disaster management heavily rely on this precision. This is anticipated to aid in the expansion of the atomic clock market over the forecast period.
Download a Sample Report to Lead the Way in Growth Trends - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81606
“Connect with our team of research specialists and unlock the optimal solution for driving your business growth”
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 439.0 Mn | |
| Estimated Value | US$ 819.8 Mn | |
| Growth Rate - CAGR | 7.2% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 160 Pages | |
| Market Segmentation | Type, Application, End-use | |
| Regions Covered | North America,Europe,Asia Pacific,Middle East & Africa,South America | |
| Companies Covered | AccuBeat Ltd.,ADVA Optical Networking (Oscilloquartz),Chengdu Spaceon Electronics Co., Ltd.,Excelitas Technologies Corp.,Frequency Electronics, Inc.,IQD Frequency Products Ltd.,Microchip Technology Inc.,QuantX Labs,Space Innovation,Stanford Research Systems | |
Key Findings of Market Report
- The need for atomic clocks is benefiting from the development of satellite navigation and global positioning systems.
- Globally, atomic clock applications in GPS and GNSS systems are expanding.
- These systems may provide precise location and timing information because of the accuracy of atomic clocks.
Market Trends for Atomic Clocks
- The global market has been divided into rubidium, hydrogen, and cesium atomic clock types based on type. The cesium atomic clock category is predicted to account for a significant market share over the forecast period, according to the TMR atomic clock market analysis.
- Atomic clocks made on cesium are reliable and flexible. They are extensively used in a range of applications, including as GPS, scientific research, telecommunications, and precision measurement tasks.
- Precise time is important in an interconnected society where speedy communication, accurate financial transactions, as well as navigation are critical. Utilizing the continual oscillations of atoms, atomic clocks provide unparalleled precision and guarantee synchronization in networks and systems.
- Atomic clocks guarantee the smooth operation and dependability of modern, data-driven processes. It is anticipated that the demand for atomic clocks would expand over the next years due to the growing requirement for precision timing.
Unlock insights into industry leaders, market dynamics, competition, and regional trends with our comprehensive report and interactive dashboard. Purchase now for exclusive discounts!: https://www.transparencymarketresearch.com/checkout.php?rep_id=81606<ype=S
Atomic Clock Regional Market Outlook
Various reasons are propelling the growth of the atomic clock market in different regions. These are:
- North America is anticipated to rule the global market during the forecast period. The expansion of end-use industries as well as increasing research and development expenditures on space exploration are major drivers of market growth in the area.
- It is projected that the size of the atomic clock market in Asia Pacific would expand gradually in the near future due to the growing need for precise timekeeping across a variety of industries, such as transportation, communication, and scientific research. Government as well as academic institutions for use are buying atomic clocks in the region's global positioning systems. The market trajectory in Asia Pacific is also expected to be improved by this.
- Business is also growing quickly in Europe at a steady pace due to the increase in space research activities in the region.
Global Atomic Clock Market: Key Players
The atomic clock market is highly concentrated, with a few number of manufacturers holding the lion's share of the market. The most recent atomic clock market prediction indicates that businesses are employing cutting-edge tactics like new product development and research and development to improve their competitiveness. To increase income, manufacturers are making significant investments in infrastructure and cutting-edge technology.
The following companies are well-known participants in the global atomic clock market:
- AccuBeat Ltd.
- ADVA Optical Networking (Oscilloquartz)
- Chengdu Spaceon Electronics Co., Ltd.
- Excelitas Technologies Corp.
- Frequency Electronics, Inc.
- IQD Frequency Products Ltd.
- Microchip Technology Inc.
- QuantX Labs
- Space Innovation
- Stanford Research Systems
Developments by the key players in the global market for atomic clock are:
| Market Player | Year | Key Developments |
| Microchip Technology | 2023 |
|
| Adtran, Inc. | 2023 |
|
| Safran | 2022 |
|
Request for Customization and Redefine Expectations: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=81606
Global Atomic Clock Market Segmentation
- Type
- Cesium Atomic Clock
- Hydrogen Atomic Clock
- Rubidium Atomic Clock
- Application
- Navigation
- Communication
- Radio Astronomy
- Space Exploration
- End-use
- Military & Defense
- Aerospace
- IT & Telecommunication
- Government
- Research & Development
- Others (Telecom, Broadcasting, etc.)
- By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Transparency Market Research constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
Trends Analysis in the Cosmetic Skin Care Market 2022-2031: Pioneering the Future
Kids Furniture Market Insights 2023-2031| Unveiling Ownership Patterns and In-Depth Growth Analysis
Exploring the Demand for Smart Oven: Unveiling Trends, Range, and Factors Driving Growth
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
