Atomic Clock Market Size and Competitive Analysis by 2028

The atomic clock market is expected to reach US$ 745.79 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

An atomic clock is a precision clock, which helps in GPS navigation, internet synchronization, and accurate identification of the planets' position. The sample atoms' temperature and the frequency and intrinsic line width of the electronic or hyperfine transition are two factors depending on an atomic clock's accuracy. High frequencies and narrow lines increase precision. Cesium clocks are the most precise atomic clocks available in the market, and the US, Switzerland, Russia, and China are among the countries 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. Increased advantages is propelling the atomic clock market growth across the globe.

The atomic clock market growth is mainly attributed to the increasing need for a high-precision atomic clocks in the aerospace & military sector. 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 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. Such factors are increasing the global atomic clock market share.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Atomic Clock Market: Strategic Insights

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

 

Impact of COVID-19 Pandemic on Atomic Clock Market Size

The US was the world’s worst-affected country due to the COVID-19 outbreak. Due to the outbreak, the telecom infrastructure development activities and new research projects funding were delayed, which negatively impacted the overall atomic clock market share in North America. The impact was severe, especially for small- and medium-sized companies involved in space, military, and defense research & development activities. However, the space, defense, and telecom sectors across the region have been significantly growing since 2021. The US government has allocated a budget of US$ 773 billion to modernize its military & defense sector that delivers meaningful support for its dedicated workforce and their families.

Europe is one of the key regions responsible for the growing atomic clock market size due to the presence of many developed countries such as Germany, the UK, France, Italy, and Russia. The investments in research and development activities in the space & defense industry in Europe are significantly higher compared to other regions. Also, the high adoption of advanced technology solutions in various industries makes this region an ideal market for atomic clock market growth. All the major countries present in the region are characterized by the presence of huge industrial sectors, including BFSI, automotive, aerospace & defense, telecommunication, and broadcasting. Russia, the UK, Spain, Italy, Germany, Turkey, and France are a few of the major countries that were adversely affected by the COVID-19 outbreak.

Market Insights – Atomic Clock Market

High Demand from Metrology Station Owing to Time-Sensitive Applications

In July 2022, MASINDI Uganda National Metrological Authority (UNMA) started the construction of a weather station in Masindi district in Western Uganda. The facility will house gadgets that measure the speed of wind, wind direction, rainfall, solar radiation, air temperature, air pressure, and relative humidity among others. In October 2021, The India Meteorological Department announced to establish 85 new automatic weather stations in Kerala to make the weather prediction accurate by collecting proper rain, wind, and atmospheric temperature data within the intervals of 15 minutes. In April 2022, the India Meteorological Department also announced to launch highly localized weather information services in 50 cities across the country to provide current weather observations, air quality observations, weather forecast, and air quality forecast. Therefore, growing establishments of the meteorological weather stations across the world is anticipated to propel the atomic clock market demand for accurate weather monitoring and information. Meade Instruments, a leading manufacturing company, offers weather station atomic clock that displays the indoor–outdoor humidity and temperature and has a minimum/maximum record for both temperature displays. The clock provides weather forecast and has comfort level indicators, a moon phase display, a calendar, and a dual crescendo alarm with snooze function. Such factors are anticipated to propel the atomic clock market demand in the metrology stations across the world.

Type-Based Insights

The global atomic clock market is segmented on the basis of type and application. Based on type, the market is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. Rubidium atomic clock is one of the most commonly used atomic clocks in recent years as it offers an advantage of portability and high accuracy in a transportable instrument. Rubidium atomic clocks are designed specifically for space applications where a highly stable and extremely reliable atomic clock is required. Advantages of rubidium atomic clocks such as high performance, increased stability, small size, light weight, and power advantages are anticipated to propel the growth of the atomic clock market in the segment during the forecast period.

Players operating in the atomic clock market are mainly focused on the development of advanced and efficient products.

• In August 2021, Microchip introduced its new SA65 CSAC for military and industrial systems. Its features are ultra-high precision and low power consumption.
• In October 2020, Microchip Technology Inc. acquired Tekron International Limited. This acquisition bought Tekron's knowledgeable team and widely adopted products to the synchronization and timing that has become indispensable in the rising digital, networked world.

These developments are expected to influence the atomic clock market growth in coming years.

Atomic Clock Market Regional Insights

The regional trends and factors influencing the Atomic Clock Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Atomic Clock Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Atomic Clock Market Report Scope

Atomic Clock Market Players Density: Understanding Its Impact on Business Dynamics

The Atomic Clock Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Atomic Clock Market are:

1. AccuBeat Ltd
2. Excelitas Technologies Corp
3. IQD Frequency Products Ltd
4. Leonardo SpA
5. Microchip Technology Inc

Disclaimer: The companies listed above are not ranked in any particular order.

The global atomic clock market is segmented on the basis of type and application. Based on type, the market 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.

The atomic clock market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, North America led the market with a substantial revenue share, followed by Europe and APAC. The market analysis helps understand the upcoming trends, new technologies, and macro and micro factors that are expected to influence the market growth in coming years.

AccuBeat ltd., Excelitas Technologies Corp., IQD Frequency Products Ltd., Leonardo, Microchip Technology Inc., Orolia, Oscilloquartz, Stanford Research Systems, Tekron, and VREMYA-CH JSC are among the key players profiled in the atomic clock market study. The market report provides detailed market insights, which helps the key players strategize the growth in coming years.