Report : North America 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 6.6% CAGR, the North America Atomic Clock Market is speculated to be worth US$ 259.97 million by 2028, says Business Market Insights
According to the Insight Partners’ research, The North America atomic clock market was valued at US$ 177.37 million in 2022 and is expected to reach US$ 259.97 million by 2028, registering a CAGR of 6.6% from 2022 to 2028. High demand from metrology station owing to a time-sensitive applications and increasing need for a high precision atomic clock in aerospace and military are the critical factors attributed to the North America atomic clock market expansion.
Since invention in the middle of the twentieth century, atomic clocks have undergone huge developments and improvements. Various applications of atomic clocks in metrology and fundamental physics have been made possible by the constant improvement in their accuracy and stability. Therefore, owing to the time-sensitive applications, there is a high demand for atomic clocks from meteorology stations. GNSS satellite positioning also depends on the propagation that the signal takes to travel from the satellite to the receiver. Therefore, position error is implied; thus, navigation systems rely on the performance of clock. In addition, atomic clocks are also used in terrestrial stations for synchronizing clocks in orbit and characterize time systems. Also, atomic clocks conduct the following research activities in metrology:
• Techniques of clock comparison and synchronization
• Algorithms and mathematical modeling
Therefore, growing establishments of the meteorological weather stations across the region is anticipated to increase the demand for atomic clocks for accurate weather monitoring and information. Meade Instruments, a leading manufacturing company offers weather station atomic clock that displays the indoor-outdoor humidity and temperature and has a minimum/maximum record for both temperature displays. The clock provides weather forecast, has comfort level indicators, a moon phase display, a calendar and a dual crescendo alarm with snooze function. Such factors are anticipated to propel the demands for atomic clocks in the Metrology Stations across the region.
On the contrary, high cost and complexities associated with atomic clocks hurdles the growth of North America atomic clock market.
Based on type, the North America 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 55.0% share of the North America atomic clock market in 2022, amassing US$ 97.63 million. It is projected to garner US$ 147.01 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on application, the North America 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 49.0% share of North America atomic clock market in 2022, amassing US$ 86.95 million. It is projected to garner US$ 131.82 million by 2028 to expand at 7.2% CAGR during 2022–2028.
Based on country, the North America atomic clock market has been categorised into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.1% share of North America atomic clock market in 2022. It was assessed at US$ 124.29 million in 2022 and is likely to hit US$ 186.17 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.
Key players profiles in the North America 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.
- Jan-2021, IQD Frequency Products launched the IQRB-4, a 5 V rubidium oscillator. The new IQRB-4 bridges the gap between the 12 V-powered IQRB-1, IQRB-2, and IQRB-3 and the recently released 3.3 V-powered ICPT-1.
- Feb-2020, Excelitas Technologies Corp. has purchased the SolidTRON product line from Silicon Power Corp. (Malvern, PA, USA). SolidTRON expanded Excelitas' defense and aerospace technology to include solid-state discrete firing switches and pulsed power products.
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