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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)

Code: TIPRE00017324 | Pages: 88 | Industry: Electronics and Semiconductor | Date: Dec 2020
Covid

Market Introduction

An atomic clock is a precision clock, which helps in GPS navigation, internet synchronization, and accurate identification of the planets' position. Two factors depend on an atomic clock's accuracy, the first being the sample atoms' temperature. The second is the frequency and intrinsic line width of the electronic or hyperfine transition. Higher frequencies and narrow lines increase precision. Cesium clocks are the most precise atomic clocks available today, and the United States, is the country that produce cesium clocks in batches. Accordingly, the atomic clock is an accurate clock with an electric oscillator controlled by the atomic system's natural vibration frequencies, such as cesium, ammonia, or rubidium beams. As their oscillation source depends on atomic characteristics, atomic clocks are inherently more accurate than quartz clocks. In contrast, quartz clocks rely on the accuracy of the production process used to create the quartz crystal. Also, quartz clocks tend to differ more with temperature. Moreover, aerospace and military demanding high precision atomic clock has created a significant opportunity for the atomic clock market.

Also, the ongoing COVID-19 pandemic is having a very devastating impact over the North America region. Presently, the US is the worst affected country due to COVID-19 outbreak. The US is one of the largest markets for atomic clock especially in space, military, and aerospace sectors. Due to COVID-19 outbreak, the ongoing slump in telecom infrastructure development activities and funding of new research projects in various sectors is anticipated to impact the overall demand of atomic clock market in the North America region. Presently, North America is the largest market in terms of revenue share in atomic clock market. The region is characterized by the presence of developed nations such as US, where the adoption of advanced technology solutions and investments in space and defense sector is quite high owing to the huge presence of key technology providers, space research companies, telecommunication companies, and aerospace & defense manufacturers. In addition to this, US is one of the largest country in terms of military expenditure across North America. Hence, North America is one of the most important regions for the growth and demand of atomic clock market owing to favorable government policies to boost defense sector, presence of huge industrial sector, and high investments in space related research & development activities. Hence, any impact on the growth of these sectors is expected to affect the economic growth of the region in a negative manner.

Market Overview and Dynamics

The atomic clock market in North America is expected to grow from US$ 144.80 million in 2019 to US$ 232.85 million by 2027; it is estimated to grow at a CAGR of 6.3% from 2020 to 2027. At present, most of the applications for communication, navigation, financial transactions, distributed cloud, and defense rely on the accurate timing of atomic clocks or clocks that track time based on the highest degrees of atom oscillation accuracy. New applications and technologies such as 5G networks and GPS alternatives will need accurate timekeeping on portable platforms, which propels the demand for high performance miniaturized atomic clocks. Defense Advanced Research Projects Agency (DARPA) has invested a huge amount in the advancement and miniaturization of atomic clock technology over the past few decades, generating commercially available chip-scale atomic clocks (CSACs) and offering unprecedented timing stability in regards with size, weight, and power (SWaP). However, the physics associated with their designs limit the performance of these first-generation CSACs. For instance, timing errors can be created by calibration requirements and frequency drift, which makes it difficult to achieve the highest degrees of precision and reliability in a portable package. Thus, next-generation chip-scale atomic clock (CSACs)/miniaturization is anticipated to provide growth opportunities to the North America atomic clock market during the forecast period.

Key Market Segments

In terms of type, the rubidium atomic clock and CSAC segment led the North America atomic clock market in 2019. In terms of application, Space and military/aerospace segment led the atomic clock market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the atomic clock market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Excelitas Technologies Corp., IQD Frequency Products Ltd, Leonardo S.p.A., Microchip Technology Inc, Orolia, Oscilloquartz, Stanford Research Systems.

Reasons to buy report

  • To understand the North America atomic clock market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America atomic clock market
  • Efficiently plan M&A and partnership deals in North America atomic clock market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America atomic clock market
  • Obtain market revenue forecast for atomic clock market by various segments from 2020-2027 in North America region.


North America Atomic clock Market Segmentation

North America Atomic clock Market - By Product

  • Rubidium Atomic Clock and CSAC
  • Cesium Atomic Clock
  • Hydrogen Maser Atomic Clock

North America Atomic clock Market - By End-User

  • Space and Military/Aerospace
  • Scientific and Metrology Research
  • Telecom and Broadcasting
  • Other Applications

North America Atomic clock Market - By Country

  • US
  • Canada
  • Mexico

North America Atomic clock Market - Company Profiles

  • Excelitas Technologies Corp.
  • IQD Frequency Products Ltd
  • Leonardo S.p.A.
  • Microchip Technology Inc
  • Orolia
  • Oscilloquartz
  • Stanford Research Systems

TABLE OF CONTENTS

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        North America Atomic Clock Market – By Type

1.3.2        North America Atomic Clock Market – By Application

1.3.3        North America Atomic Clock Market- By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             North America Atomic Clock Market Landscape

4.1       Market Overview

4.2       North America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             North America Atomic Clock –Market Dynamics

5.1       Market Drivers

5.1.1        Aerospace and Military Demanding High Precision Atomic Clock

5.1.2        Surge in Demand from Metrology Station Due to a Time-Sensitive Applications

5.2       Market Restraints

5.2.1        Expensiveness and Intricacies Related with Atomic Clocks

5.3       Market Opportunities

5.3.1        Upcoming of Advanced Chip-Scale Atomic Clocks (CSACs)

5.4       Future Trends

5.4.1        Arrival of Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms Based Atomic Clocks

5.5       Impact Analysis of Drivers and Restraints

6.             Atomic Clock Market – North America Analysis

6.1       North America Atomic Clock Market Overview

6.2       North America Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.             North America Atomic Clock Market Analysis – By Type

7.1       Overview

7.2       North America Atomic Clock Market, By Type (2019 and 2027)

7.3       Rubidium Atomic Clock and CSAC

7.3.1        Overview

7.3.2        Rubidium Atomic Clock and CSAC: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Cesium Atomic Clock

7.4.1        Overview

7.4.2        Cesium Atomic Clock: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

7.5       Hydrogen Maser Atomic Clock

7.5.1        Overview

7.5.2        Hydrogen Maser Atomic Clock: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

8.             North America Atomic Clock Market Analysis – By Application

8.1       Overview

8.2       North America Atomic Clock Market, By Application (2019 and 2027)

8.3       Space and Military/Aerospace

8.3.1        Overview

8.3.2        Space and Military/Aerospace: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

8.4       Scientific and Metrology Research

8.4.1        Overview

8.4.2        Scientific and Metrology Research: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Telecom and Broadcasting

8.5.1        Overview

8.5.2        Telecom and Broadcasting: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Other Applications

8.6.1        Overview

8.6.2        Other Applications: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

9.             North America Atomic Clock Market – Country Analysis

9.1       Overview

9.1.1        North America: Atomic Clock Market, by Key Country

9.1.1.1      US: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1       US: Atomic Clock Market, by Type

9.1.1.1.2       US: Atomic Clock Market, by Application

9.1.1.2      Canada: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1       Canada: Atomic Clock Market, by Type

9.1.1.2.2       Canada: Atomic Clock Market, by Application

9.1.1.3      Mexico: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1       Mexico: Atomic Clock Market, by Type

9.1.1.3.2       Mexico: Atomic Clock Market, by Application

10.          North America  Atomic Clock Market- COVID-19 Impact Analysis

10.1    North America

11.          Atomic Clock Market-Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    Merger and Acquisition

11.4    New Development

12.          Company Profiles

12.1    Excelitas Technologies Corp.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    IQD Frequency Products Ltd.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Leonardo

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Microchip Technology Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Orolia

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Oscilloquartz

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Stanford Research Systems

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.          Appendix

13.1    About The Insight Partners

                 13.2       Word Index


LIST OF TABLES

Table 1.             North America Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             US: Atomic Clock Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 3.             US: Atomic Clock Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Canada: Atomic Clock Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada: Atomic Clock Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Mexico: Atomic Clock Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico: Atomic Clock Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.               List of Abbreviation


LIST OF FIGURES

Figure 1.           North America Atomic Clock Market Segmentation

Figure 2.           North America Atomic Clock Market Segmentation – By Country

Figure 3.           North America Atomic Clock Market Overview

Figure 4.           Rubidium Atomic Clock and CSAC Type Segment held the Largest Share

Figure 5.           Space and Military/Aerospace Application Segment held the Largest Share

Figure 6.           US to Show Great Traction During Forecast Period

Figure 7.           North America: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Atomic Clock Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        North America Atomic Clock Market Revenue Share, by Type (2019 and 2027)

Figure 12.        North America Rubidium Atomic Clock and CSAC: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Cesium Atomic Clock: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        North America Hydrogen Maser Atomic Clock: Atomic Clock Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        North America Atomic Clock Market Revenue Share, by Application (2019 and 2027)

Figure 16.        North America Space and Military/ Aerospace: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

Figure 17.        North America Scientific and Metrology Research: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

Figure 18.        North America Telecom and Broadcasting: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Other Applications: Atomic Clock Market– Revenue and Forecast to 2027 (US$ Million)

Figure 20.        North America: Atomic Clock Market Revenue Share, by Key Country (2019 and 2027)

Figure 21.        US: Atomic Clock Market – Revenue and Forecast To 2027 (US$ Million)

Figure 22.        Canada: Atomic Clock Market – Revenue and Forecast To 2027 (US$ Million)

Figure 23.        Mexico: Atomic Clock Market – Revenue and Forecast To 2027 (US$ Million)

Figure 24.             Impact of COVID-19 Pandemic in North American Markets  

Some of the leading companies are:

  1. Excelitas Technologies Corp.
  2. IQD Frequency Products Ltd
  3. Leonardo S.p.A.
  4. Microchip Technology Inc
  5. Orolia
  6. Oscilloquartz
  7. Stanford Research Systems
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America atomic clock market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America atomic clock market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the atomic clock market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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