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Allied Market Research

Atomic Clock Market By Type (Cesium Atomic Clock, Rubidium Atomic Clock, and Hydrogen Maser Atomic Clock), and Application (Military & Space, Aerospace, Telecom & Broadcasting, Scientific & Metrology Research, and Others), and Industry Vertical (Building & Construction, IT & Telecom, Healthcare, Aerospace & Defense, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09829
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Jan 2021 | 95 Views
 
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COVID-19

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Atomic Clock Market Outlook – 2027

Atomic clock is a device, which uses resonator that is resonance frequencies of atoms. A resonator is regulated by frequency of microwave electromagnetic radiations emitted by quantum transition of an atom. Resonation at extremely consistent frequencies is possible, which is an added advantage to this approach. In terms of precision and accuracy, atomic clocks are most accurate.

They consist of cesium beam, rubidium gas cell, and hydrogen maser. Thus, they find their applications in military, satellite systems, and aerospace industries. Innovations in these industries pave way for atomic clocks. The global market is experiencing a significant growth, and is expected to grow considerably in next few years.

The global atomic clock market is segmented on the basis of type, application, industry vertical and region. Based on type, the market is divided into cesium atomic clock, rubidium atomic clock, and hydrogen maser atomic clock. In terms of application, the market is categorized into military & space, aerospace, telecom & broadcasting, scientific & metrology research, and others. In terms of industry vertical, the atomic clock market is segregated into building & construction, IT & telecom, healthcare, aerospace & defense, industrial, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global atomic clock industry include Frequency Electronics, AccuBeat Ltd, IQD, Microsemi, Casic, Spectratime, Chengdu Spaceon Electronics, Excelitas Technologies, Zurich Instruments, Stanford Research Systems and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global atomic clock market.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Type, Application, Industry Vertical and Region

Regions Covered

North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

Frequency Electronics, AccuBeat Ltd, IQD, Microsemi, Casic, Spectratime, Chengdu Spaceon Electronics, Excelitas Technologies, Zurich Instruments, Stanford Research Systems and others

 

COVID-19 Scenario Analysis

  • Global atomic clock market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have significant led to decline in demand for atomic clocks. 
  • Global factories have struggled to manufacture, integrate and assemble new technologies as workers have stayed in their homes and even the already available devices in various warehouses cannot be transported due to current rules and regulations, which, in turn, has disrupted the global supply chains.
  • The impact of COVID-19 on market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these products are gradually going to increase as various growing industries.

Top Impacting Factors

Rise in use of atomic clocks in military, navigation system satellites, and aerospace is the major factor that boosts the market growth. Moreover, use of these clocks in metrology and radio astronomy, as improvised precision is required in these fields, also propels the atomic clock industry growth. However, high cost of atomic clocks and their size hinders the market growth. In addition, growth in use of atomic clocks in the telecommunication industry is expected to drive the market further as atomic clocks are needed by network providers for effective transmission of digital signals.

New Product Launches to Flourish the Market

NASA recently developed a deep space atomic clock. It uses quartz crystal oscillators with specific types of atoms to attain stability as only quartz crystal is not very stable. So, mercury atoms were combined with quartz crystal and the atomic clock would be off by less than a Nano second after four days and less than a micro second after one year. Thus, it would take around ten million years for the clock to go incorrect by a second.

This would indeed help in reducing the error and impact if only quartz crystal were used and thus improving accuracy and precision of measuring the position of fast-moving spacecrafts.

Surge in Use in Telecommunication Industry

Due to the growth in telecommunication technologies, the speed and amount of data required by consumers worldwide is increasing day by day. To meet this demand, a constellation of micro or nano satellites that circle the planet in low earth orbit needs to be deployed. However, atomic clocks used in these satellites provide extremely precise synchronization according to the global time standard. Thus, there is surge in use of atomic clocks in the telecommunication industry. In addition, development of quantum atomic clocks, which consume much less power, is expected to drive the atomic clock market growth.

Key Segments Covered

Segments

Sub-Segments

Type of Chip

  • Cesium Atomic Clock
  • Rubidium Atomic clock
  • Hydrogen Maser Atomic Clock

Application

  • Military & Space
  • Aerospace
  • Telecom & Broadcasting
  • Scientific & Metrology Research
  • Others

Industry Vertical

  • Building & Construction
  • IT & telecom
  • Healthcare
  • Aerospace & Defense
  • Industrial
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global atomic clock market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global atomic clock market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global atomic clock market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global atomic clock market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Atomic Clock Market Research Report

  • Who are the leading market players active in the atomic clock market size?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the atomic clock market trends?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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