Report : Asia Pacific Atomic Clock Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Rubidium Atomic Clock and CSAC, Cesium Atomic Clock, and Hydrogen Maser Atomic Clock), and Application (Space and Military/Aerospace, Scientific and Metrology Research, Telecom and Broadcasting, and Other Applications)
At 7.4% CAGR, the Asia Pacific Atomic Clock Market is speculated to be worth US$ 191.66 million by 2028, says Business Market Insights
According to the Insight Partners’ research, the Asia Pacific atomic clock market was valued at US$ 125.14 million in 2022 and is expected to reach US$ 191.66 million by 2028, registering a CAGR of 7.4% from 2022 to 2028. Atomic clocks based on optical lattices of strontium, ytterbium and gadolinium atoms and increasing need for a emerging digital infrastructure and 5G are the critical factors attributed to the Asia Pacific atomic clock market expansion.
Atomic clocks operate at a much higher rate than microwave clocks, which is why many researchers are exploring their potential with new rare earth alkaline elements, such as ytterbium, strontium, and gadolinium. The Sr-grid clock is viewed as the world's steadiest nuclear optical clock. It has an accuracy timekeeping component, which depends on a narrow electronic transition in Sr atoms trapped inside an optical lattice to separate both the internal and external atomic degrees of freedom during the clock's measurement. An optical atom clock's primary feature is that a relatively large number of quantum frequency references (QFRs) are used simultaneously (~104), resulting in a high signal-to-noise ratio. Thus, leading to short-term stability, which is higher than that obtainable with single ion-based optical atomic clocks. Further, physicists have combined two experimental atomic clocks based on ytterbium atoms at the National Institute of Standards and Technology (NIST) to set another world record for clock stability. In nature photonics, the experiment demonstrating the double-clock design is reported. Thus, atomic clocks based on optical lattices of atoms of strontium, ytterbium, and gadolinium are among the major trends expected to propel the growth of the Asia Pacific atomic clock market during the forecast period.
On the contrary, high cost and complexities associated with atomic clocks hurdles the growth of Asia Pacific atomic clock market.
Based on type, the Asia Pacific atomic clock market is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. The rubidium atomic clock and CSAC segment held 56.1% share of the Asia Pacific atomic clock market in 2022, amassing US$ 70.17 million. It is projected to garner US$ 110.06 million by 2028 to expand at 7.8% CAGR during 2022–2028.
Based on application, the Asia Pacific atomic clock market is segmented into space and military/aerospace, scientific and metrology research, telecom and broadcasting, and other applications. The space and military/aerospace segment held 41.8% share of the Asia Pacific atomic clock market in 2022, amassing US$ 52.34 million. It is projected to garner US$ 83.53 million by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on country, the Asia Pacific atomic clock market has been categorised into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 38.7% share of the Asia Pacific atomic clock market in 2022. It was assessed at US$ 48.39 million in 2022 and is likely to hit US$ 79.44 million by 2028, exhibiting a CAGR of 8.6% during the forecast period.
Key players profiles in the Asia Pacific atomic clock market report are AccuBeat Ltd; Excelitas Technologies Corp; IQD Frequency Products Ltd; Leonardo SpA; Microchip Technology Inc; Orolia; Oscilloquartz SA; Stanford Research Systems Inc; and Tekron International Ltd, among others.
- Jun-2020, Oscilloquartz has launched an ePRC optical cesium atomic clock solution to protect synchronization networks during GNSS disruptions. The OSA 3350 ePRC+ provides vital backup for mission-critical infrastructures that depend on satellite-based timing, such as mobile networks and power utilities.
- Oct-2020, Microchip Technology Inc. acquired Tekron International Limited. This acquisition bought Tekron's knowledgeable team and widely adopted products to the synchronization and timing offering that has become indispensable.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com