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ATOMIC CLOCK MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)

The Atomic Clock Market Report is Segmented by Type - Rubidium (Rb) Atomic Clock, Cesium (Cs) Atomic Clock, Hydrogen (H) Maser Atomic Clock, by Application - Surveillance, Navigation, Electronic Warfare​, Telemetry, and Communication, by End User - Defense and Space, and by Geography - North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

Atomic Clock Market Size

Atomic Clock Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 499.37 Million
Market Size (2029) USD 684.82 Million
CAGR (2024 - 2029) 6.52 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Atomic Clock Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Atomic Clock Market Analysis

The Atomic Clock Market size is estimated at USD 499.37 million in 2024, and is expected to reach USD 684.82 million by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).

The atomic clock market's growth is attributed to the increasing need for high-precision atomic clocks in the aerospace and military sectors. Atomic clocks guarantee accurate one-way range measurements, ensuring the user maintains the transmitted GPS signal's phase precision. Developments in quantum computing and quantum communication are expected to create better opportunities for the market.

The expansion of global navigation and positioning systems and the rise of atomic clock applications in GPS and GNSS systems are also fueling the growth of the atomic clock market. However, the high cost of deployment and maintenance may hinder the market's growth during the forecast period.

Atomic Clock Market Trends

Defense to Dominate Market Share During the Forecast Period

The atomic clocks are in huge demand from defense end-users as the global armed forces look to modernize their aging fleet by integrating new and accurate position and navigation systems. Most current-generation aircraft utilize GNSS (GPS) and TACAN positioning and navigation systems, and the demand for new aircraft would also generate parallel demand for atomic clocks during the forecast period.

On this note, in December 2018, the US Air Force announced the fleet-wide integration of next-generation GPS receivers to enhance the quality of navigation and positioning measurements. The US Air Force Life Cycle Management Center selected Rockwell Collins to provide its latest-generation Digital GPS Anti-Jam Receiver (DIGAR) for its fleet of F-16 aircraft. Similar initiatives from various armed forces are anticipated to propel the segment's growth during the forecast period.

Many countries, such as the United States, Germany, India, Australia, the United Arab Emirates, and China, are investing in modernizing their existing fleet of military aircraft rather than acquiring entirely new platforms. For instance, in December 2018, the US Air Force announced that their fighter aircraft would be fitted with next-generation GPS receivers to enhance the quality of navigation and positioning measurements. Under this initiative, the US Air Force Life Cycle Management Center selected Rockwell Collins to provide its latest-generation Digital GPS Anti-Jam Receiver (DIGAR) for its fleet of F-16 aircraft. Similar initiatives from various armed forces are anticipated to propel the segment's growth during the forecast period.

The anticipated advancement of navigational aids for aircraft is expected to create new market opportunities for companies. For instance, Northrop Grumman Corporation's All Source Adaptive Fusion (ASAF) software allows military aircraft and airborne weapon systems to guide them without using Global Positioning System (GPS) satellite signals. Such software, when used with advanced sensor systems, is anticipated to improve the operational efficiencies of the air platforms.

Atomic Clock Market: Defense Expenditure, in USD Billion, by Country, Global, 2022

North America is Expected to Have the Largest Market Share During the Forecast Period

The world defense expenditure crossed over USD 2 trillion in 2022, with significant military powers such as the US surging their defense budgets in 2022, according to the Stockholm International Peace Research Institute (SIPRI). US defense spending increased by USD 71 billion from 2021 to 2022, which comprised nearly 40% of global defense expenditures.

The US Air Force continues developing and procuring next-generation aircraft to meet the demands of great power conflicts with Russia and China. The US Air Force comprises 13,247 aircraft that are part of an operational, reserve, and out-of-service fleet. The country's diplomatic and military relations with nations such as Japan and Taiwan have compelled it to drive significant investments into increasing the fleet of aircraft to counter any provocative military action from China successfully.

Furthermore, the US involvement in the military conflict in the Middle Eastern region majorly drove its procurement of attack aircraft and transport aircraft. The Department of Air Force proposed a budget request of USD 194 billion for FY2023, a USD 20.2 billion or 11.7% increase from the FY2022 budget request. A major chunk of this budget will be channeled toward the procurement of new aircraft and research and development of new technologies that can aid the military actions undertaken by the country. Also, the rising expenditure on the space sector, increasing number of satellite launches for commercial and defense applications, and growing space exploration activities from NASA and SpaceX are significant boosters for the US market, which drives the atomic clock market in the North American region.

Atomic Clock Market: Market CAGR (%), By Region, Global, 2023

Atomic Clock Industry Overview

The atomic clock market is semi-consolidated, with a handful of players operating globally. Thermo Fisher Scientific Inc., Oscilloquartz (Adtran Networks SE), Microchip Technology Inc., Leonardo SpA, and Safran are some of the major market players. The market is highly competitive, with players competing to gain the largest market share.

Market players compete, leveraging their in-house manufacturing capabilities, global network footprint, product offerings, research and development investments, and robust client base. Technical capabilities and product features at definite price points are also key market parameters. The increasing demand for accurate positioning and navigation capabilities drives the market players to broaden their product portfolio. With a moderate threat of new entrants, the market's competitive landscape is projected to intensify due to heightened product/service extensions and technological innovations.

Atomic Clock Market Leaders

  1. Microchip Technology Inc.

  2. Safran

  3. Thermo Fisher Scientific Inc.

  4. Oscilloquartz (Adtran Networks SE)

  5. Leonardo SpA

*Disclaimer: Major Players sorted in no particular order

Atomic Clock Market Concentration
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Atomic Clock Market News

In June 2023, Microchip Technology Inc. launched the 5071B cesium atomic clock that can carry out autonomous timekeeping for months in the instance of GNSS denials.

In June 2022, Orolia SA, a subsidiary of Safran, introduced an upgraded edition of its small size, weight, power, and cost (SWaP-C) miniaturized rubidium oscillator product line, the MRO-50, to meet the latest military and aerospace requirements.

Atomic Clock Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Rubidium (Rb) Atomic Clock

      2. 5.1.2 Cesium (Cs) Atomic Clock

      3. 5.1.3 Hydrogen (H) Maser Atomic Clock

    2. 5.2 End User

      1. 5.2.1 Defense

        1. 5.2.1.1 Combat Aircraft and Helicopters?

        2. 5.2.1.2 Unmanned Vehicles?

        3. 5.2.1.3 Armoured Vehicles

        4. 5.2.1.4 Portable Systems

        5. 5.2.1.5 Naval Ships (Destroyers, Frigates, etc)

        6. 5.2.1.6 Submarines?

        7. 5.2.1.7 Patrol Vessels?

      2. 5.2.2 Space

    3. 5.3 Application

      1. 5.3.1 Surveillance

      2. 5.3.2 Navigation

      3. 5.3.3 Electronic Warfare?

      4. 5.3.4 Telemetry

      5. 5.3.5 Communication

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Poland

        8. 5.4.2.8 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Rest of Latin America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 AccuBeat Ltd.

      2. 6.2.2 Excelitas Technologies Corp.

      3. 6.2.3 IQD Frequency Products Limited

      4. 6.2.4 Leonardo S.p.A.

      5. 6.2.5 Microchip Technology Incorporated

      6. 6.2.6 Oscilloquartz (Adtran Networks SE)

      7. 6.2.7 Stanford Research Systems

      8. 6.2.8 Tekron International Limited

      9. 6.2.9 VREMYA-CH JSC

      10. 6.2.10 Safran

      11. 6.2.11 MacQsimal (CSEM) (accelopment Schweiz AG)

      12. 6.2.12 Thermo Fisher Scientific Inc

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Atomic Clock Industry Segmentation

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

The market is segmented by application, type, end user, and geography. According to type, the market is divided into cesium (Cs) atomic clock, rubidium (Rb) atomic clock, and hydrogen (H) maser atomic clock. The market is segmented into surveillance, navigation, electronic warfare, telemetry, and communication-based on application. By end user, the market is segmented into defense and space. The report includes the market size and forecasts in significant countries across different regions. The forecasts and market sizes have been provided in value (USD).

Type
Rubidium (Rb) Atomic Clock
Cesium (Cs) Atomic Clock
Hydrogen (H) Maser Atomic Clock
End User
Defense
Combat Aircraft and Helicopters?
Unmanned Vehicles?
Armoured Vehicles
Portable Systems
Naval Ships (Destroyers, Frigates, etc)
Submarines?
Patrol Vessels?
Space
Application
Surveillance
Navigation
Electronic Warfare?
Telemetry
Communication
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Atomic Clock Market Research FAQs

The Atomic Clock Market size is expected to reach USD 499.37 million in 2024 and grow at a CAGR of 6.52% to reach USD 684.82 million by 2029.

In 2024, the Atomic Clock Market size is expected to reach USD 499.37 million.

Microchip Technology Inc., Safran, Thermo Fisher Scientific Inc., Oscilloquartz (Adtran Networks SE) and Leonardo SpA are the major companies operating in the Atomic Clock Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Atomic Clock Market.

In 2023, the Atomic Clock Market size was estimated at USD 466.81 million. The report covers the Atomic Clock Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Atomic Clock Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Atomic Clock Industry Report

Statistics for the 2024 Atomic Clock market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Atomic Clock analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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ATOMIC CLOCK MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)