Report : South America 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 4.9% CAGR, the South America Atomic Clock Market is speculated to be worth US$ 33.09 million by 2028, says Business Market Insights
According to the Insight Partners’ research, the South America atomic clock market was valued at US$ 24.80 million in 2022 and is expected to reach US$ 33.09 million by 2028, registering a CAGR of 4.9% from 2022 to 2028. Increasing need for a high precision atomic clock in aerospace and military and atomic clocks based on optical lattices of strontium, ytterbium and gadolinium atoms are the critical factors attributed to the South America atomic clock market expansion.
The atomic clock market's growth is mainly attributed to the increasing need for a high precision atomic clock in the aerospace and military sectors. Atomic clocks are flown on Global Positioning System (GPS) satellites to ensure a precise one-way range measurement for the user to maintain the transmitted GPS signal's phase precision. When uploads of time signals are temporarily inaccessible from the GPS ground station to the satellite constellation, these clocks often act as flywheels to maintain GPS synchronization. Recent technological improvements in the GPS atomic clocks demonstrate the power of Precise Time and Time Interval (PTTI) for the warfighter. For rubidium clocks flown on GPS Block II Replenishment (IIR), there is much greater stability than those on GPS Block II / IIA. With the improved clocks, the range error is almost halved. Such varying accuracy improvements allow a GPS receiver to enhance aerospace and military positioning and time outputs proportionately. These initiatives are helping to grow the South America atomic clock market.
On the contrary, high cost and complexities associated with atomic clocks hurdles the growth of South America atomic clock market.
Based on type, the South 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 58.1% share of the South America atomic clock market in 2022, amassing US$ 14.42 million. It is projected to garner US$ 19.71 million by 2028 to expand at 5.3% CAGR during 2022–2028.
Based on application, the South 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 38.4% share of the South America atomic clock market in 2022, amassing US$ 9.52 million. It is projected to garner US$ 13.47 million by 2028 to expand at 5.9% CAGR during 2022–2028.
Based on country, the South America atomic clock market has been categorised into Brazil, Argentina, the Rest of South America. Our regional analysis states that Brazil captured 52.9% share of the South America atomic clock market in 2022. It was assessed at US$ 13.13 million in 2022 and is likely to hit US$ 17.97 million by 2028, exhibiting a CAGR of 5.4% during the forecast period.
Key players profiles in the South America atomic clock market report are Excelitas Technologies Corp; IQD Frequency Products Ltd; Leonardo SpA; Microchip Technology Inc; Oscilloquartz SA; Stanford Research Systems Inc; and Tekron International Ltd, among others.
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