Atomic Clock Market Size, Share, Growth | Global Analysis 2028

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)

Publication Month : Nov 2022

  • Report Code : TIPRE00015316
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 146
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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.

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Atomic Clock Market: Strategic Insights

Market Size Value inUS$ 511.54 Million in 2022
Market Size Value byUS$ 745.79 Million by 2028
Growth rateCAGR of 6.5% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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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.

Lucrative Regions: Atomic Clock Market Share

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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.

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.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What are the future trends for Atomic Clock market?

Emergence of Atomic Clocks based on Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms, Atomic clocks operate at a much higher rate than microwave clocks, which is why many researchers are exploring their potential with new rare earth alkaline elements, such as ytterbium, strontium, and gadolinium. The Sr-grid clock is viewed as the world's steadiest nuclear optical clock. It has an accuracy timekeeping component, which depends on a narrow electronic transition in Sr atoms trapped inside an optical lattice to separate both the internal and external atomic degrees of freedom during the clock's measurement.

What is the estimated global market size for the Atomic Clock market in 2022?

The Atomic Clock market was estimated to be US$ 511.54 million in 2022 and is expected to grow at a CAGR of 6.5%, during the forecast period 2022 - 2028.

What are the driving factors impacting the Atomic Clock market?

Increasing Need for a High Precision Atomic Clock in Aerospace and Military driving the need for Atomic Clock market. The atomic clock market's growth is mainly attributed to the increasing need for a high precision atomic clock in the aerospace and military sectors. 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.

Which are the key players holding the major market share of Atomic Clock market?

The key players, holding majority shares, in Atomic Clock market includes Microchip Technology Inc., Orolia, Excelitas Technologies Corp., Leonardo, and Oscilloquartz.

Which is the fastest growing regional market?

North America is the fastest growing regional market, followed by Europe.

Which countries are registering a high growth rate during the forecast period?

US and Germany are expected to register high growth rates during the forecast period.

Which country is holding the major market share of Atomic Clock market?

The US held the largest market share in 2022, followed by Germany.

What is the incremental growth of the Atomic Clock market during the forecast period?

The incremental growth, expected to be recorded for the Atomic Clock market during the forecast period, is US$ 234.25 million.

The List of Companies - Atomic Clock Market

  1. AccuBeat Ltd
  2. Excelitas Technologies Corp
  3. IQD Frequency Products Ltd
  4. Leonardo SpA
  5. Microchip Technology Inc
  6. Orolia
  7. Oscilloquartz SA
  8. Stanford Research Systems Inc
  9. Tekron

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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