Report : Middle East & Africa Atomic Clock Market Forecast to 2028 – 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 5.3% CAGR, the Middle East & Africa Atomic Clock Market is speculated to be worth US$ 46.84 million by 2028, says Business Market Insights
According to the Insight Partners’ research, the Middle East & Africa atomic clock market was valued at US$ 34.36 million in 2022 and is expected to reach US$ 46.84 million by 2028, registering a CAGR of 5.3% from 2022 to 2028. Emerging digital infrastructure and 5G base stations and high demand from metrology station owing to a time-sensitive applications are the critical factors attributed to the Middle East & Africa atomic clock market expansion.
Network timing is a critical component of wireless network services. Growing advancements in wireless technologies with technology iterations from 2G to 5G have transformed the network timing architectures. 4G base stations can rely on the usual clocks for their split-second time coordination requirements. However, the emergence of 5G has changed the network timing architectures. 5G will propel the use of atomic clocks and antennas to follow a phone or sensor with its own beam of data and can distribute networks for different tasks. Regular clocks are not standardized enough to deal with high-speed data movement. As a result, 5G network builders across the world are demanding atomic clocks for precision and accuracy. For instance, in November 2019, Vodafone announced to install an iridium atomic clock in its base stations to provide the correct time to its network if the GPS network goes down. Therefore, the growth in digital infrastructures, especially, 5G base station establishments are anticipated to boost the atomic clocks demand for reliable timing for higher data rates and low latency. All these factors are expected to provide lucrative opportunities for the Middle East & Africa atomic clock market.
On the contrary, high cost and complexities associated with atomic clocks hurdles the growth of Middle East & Africa atomic clock market.
Based on type, the Middle East & Africa 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 57.3% share of Middle East & Africa atomic clock market in 2022, amassing US$ 19.69 million. It is projected to garner US$ 27.50 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on application, the Middle East & Africa 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 39.6% share of Middle East & Africa atomic clock market in 2022, amassing US$ 13.60 million. It is projected to garner US$ 19.62 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on country, the Middle East & Africa atomic clock market has been categorized into South Africa, Saudi Arabia, the UAE, the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 45.1% share of Middle East & Africa atomic clock market in 2022. It was assessed at US$ 15.50 million in 2022 and is likely to hit US$ 21.62 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.
Key players profiles in the Middle East & Africa atomic clock market report are AccuBeat Ltd; Excelitas Technologies Corp; IQD Frequency Products Ltd; Leonardo SpA; Microchip Technology Inc; Oscilloquartz SA; Stanford Research Systems Inc; and Tekron International Ltd , among others.
- 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.
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