The atomic clock market was valued at US$ 511.54 million in 2022; registering at a CAGR of 6.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Next-Generation Chip-Scale Atomic Clocks (CSACs) to Provide Opportunities for Atomic Clock Market Growth During 2022–2028
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 would propel the demand for high performance miniaturized atomic clock market. Defense Advanced Research Projects Agency (DARPA) has invested a huge amount in the advancement and miniaturization of atomic clock market share 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 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 opportunities to the atomic clock market growth during the forecast period.
Atomic Clock Market — by Region, 2021
Atomic Clock Market Forecast to 2028 - COVID-19 Impact and Global 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)
Atomic Clock Market Size, Share, Growth | Global Analysis 2028
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Source: The Insight Partners Analysis
In August 2022, scientists in the UK created an eternal engine to keep the next generation of atomic clock operational. The next generation of atomic clock assists in precision timing for global navigation, satellite mapping, and next generations of telecommunication. Atomic clocks are currently massive devices weighing hundreds of kilograms which need to be housed within precise, difficult-to-maintain conditions. The developments of portable atomic clocks, with a reliable switch to keep them running, compatible electronic optical microchips, and microcombs to miniaturize the atomic clocks are anticipated to propel the adoption of the Next-Generation Chip-Scale Atomic Clocks (CSACs).
Researchers and scientists in North America atomic clock market are focusing on transitioning optical atomic clocks from elaborate laboratory configurations to small and robust versions. There is a growing demand for optical clocks that can provide a 100-fold increase in precision and decrease timing error. The clocks should be capable of providing picosecond (one-trillionth of a second) accuracy for 100 seconds and must be able to withstand temperature, acceleration, and vibrational noises. Growth in the design and developments of atomic clocks for applications in a navy ship that can provide GPS-equivalent, nanosecond precision in the absence of a GPS system is anticipated to propel the atomic clock market growth in North America during the forecast period.
The atomic clock market share is segmented on the basis of type and application. Based on type, the atomic clock market size is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. Based on application, the market is segmented into space and military/aerospace, scientific and metrology research, telecom/broadcasting, and others.
Microchip Technology Inc., Orolia, and Excelitas Technologies Corp are among the key players profiled during the study on the atomic clock market. Several other important market players were also analyzed during the course of this market research study to get a holistic view of the global atomic clock market size and its ecosystem.
The growing demand for atomic clocks from the aerospace & military industry is anticipated to propel the atomic clock market size during the forecast period. However, the emergence of COVID-19 pandemic hindered the atomic clock market growth. The pandemic also adversely affected the space, military, and aerospace sectors in the region, which further decreased the demand for atomic clocks. Further, the atomic clock market is anticipated to grow in the coming years owing to the high rate of industrialization and growing establishments of meteorological stations in developing countries, such as China and India. Investments in commercial, industrial, and military infrastructure development are significantly high in Asia Pacific, which is expected to offer lucrative opportunities to the players operating in the atomic clock market. Furthermore, the semiconductor industry is likely to recover strongly in the coming years. Hence, the demand for semiconductors is expected to grow, and many companies will renew their investments in artificial intelligence and connected devices in the coming years. Such factors are anticipated to boost the growth of the atomic clock market during the forecast period.
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