Europe Atomic Clock Market Forecast to 2028 – COVID-19 Impact and Regional 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)
The Europe atomic clock market is expected to grow from US$ 149.87 million in 2022 to US$ 214.22 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Next-Generation Chip-Scale Atomic Clocks (CSACs) is Expected Significant Opportunities for the Europe Atomic Clock Market
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 propels the demand for high performance miniaturized atomic clocks. Defense Advanced Research Projects Agency (DARPA) has invested a huge amount in the advancement and miniaturization of atomic clock technology 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 these 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 growth opportunities to the Europe atomic clock market during the forecast period. 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. But atomic clocks are currently massive devices—weighing hundreds of kilograms—which need to be housed within precise, difficult-to-maintain conditions. Precision timing is essential for systems such as global navigation, satellite mapping, and for the next generations of telecommunication. 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 is anticipated to provide significant opportunities for the growing adoption of the Next-Generation Chip-Scale Atomic Clocks (CSACs).
Europe Atomic Clock Market Overview
The growth of the European atomic clock market is attributed to the increasing number of projects focusing on atomic clock development. In May 2022, AccuBeat, a leading provider of Rubidium oscillators, Time Servers and GPS disciplined atomic clock was selected to develop and produce an Ultra Stable Oscillator (USO) for the European Space Agency’s (ESA) JUICE (Jupiter Icy Moons Explorer) mission as Space missions and deep space exploration programs rely on high precision atomic clocks. Europe marks the presence of satellite communication solutions providers such as Satcom Global Ltd and Holkirk Communications Ltd. However, the onboard atomic clocks driving satellite-navigation signals on the European Galileo network have noticeably failed, and nine clocks have stopped working on the 18 satellites in orbit. These factors could hinder the growth of the Europe atomic clock market in the coming years.
Europe Atomic Clock Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
Europe Atomic Clock Market Segmentation
The Europe atomic clock market is segmented into type, application, and country.
Based on type, the Europe atomic clock market is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. In 2022, the rubidium atomic clock and CSAC segment registered a largest share in the Europe atomic clock market.
Based on application, the Europe atomic clock market is segmented into space and military/aerospace, scientific and metrology research, telecom and broadcasting, and other applications. In 2022, space and military/aerospace segment registered a largest share in the Europe atomic clock market.
Based on country, the Europe atomic clock market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2022, Russia segment registered a largest share in the Europe atomic clock market.
AccuBeat Ltd; Excelitas Technologies Corp; IQD Frequency Products Ltd; Leonardo SpA; Microchip Technology Inc; Orolia; Oscilloquartz SA; Stanford Research Systems Inc; Tekron International Ltd; and VREMYA-CH JSC are the leading companies operating in the Europe atomic clock market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Atomic Clock Market – By Type
1.3.2 Europe Atomic Clock Market – By Application
1.3.3 Europe Atomic Clock Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Atomic Clock Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Atomic Clock –Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for a High Precision Atomic Clock in Aerospace and Military
5.1.2 High Demand from Metrology Station Owing to a Time-Sensitive Applications
5.2 Market Restraints
5.2.1 High Cost and Complexities Associated with Atomic Clocks
5.3 Market Opportunities
5.3.1 Next-Generation Chip-Scale Atomic Clocks (CSACs)
5.3.2 Emerging Digital Infrastructure and 5G Base Stations
5.4 Future Trends
5.4.1 Atomic Clocks based on Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms
5.5 Impact Analysis of Drivers and Restraints
6. Atomic Clock Market – Europe Analysis
6.1 Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Atomic Clock Market Analysis – By Type
7.1 Overview
7.2 Europe Atomic Clock Market, By Type (2021 and 2028)
7.3 Rubidium Atomic Clock and CSAC
7.3.1 Overview
7.3.2 Rubidium Atomic Clock and CSAC: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cesium Atomic Clock
7.4.1 Overview
7.4.2 Cesium Atomic Clock: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Hydrogen Maser Atomic Clock
7.5.1 Overview
7.5.2 Hydrogen Maser Atomic Clock: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Atomic Clock Market Analysis – By Application
8.1 Overview
8.2 Europe Atomic Clock Market, By Application (2021 and 2028)
8.3 Space and Military/Aerospace
8.3.1 Overview
8.3.2 Space and Military/Aerospace Research: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Scientific and Metrology Research
8.4.1 Overview
8.4.2 Scientific and Metrology Research: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Telecom and Broadcasting
8.5.1 Overview
8.5.2 Telecom and Broadcasting: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Other Applications
8.6.1 Overview
8.6.2 Other Applications: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Atomic Clock Market – Country Analysis
9.1 Overview
9.1.1 Europe: Atomic Clock Market, by Key Country
9.1.1.1 Germany: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Atomic Clock Market, by Type
9.1.1.1.2 Germany: Atomic Clock Market, by Application
9.1.1.2 France: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Atomic Clock Market, by Type
9.1.1.2.2 France: Atomic Clock Market, by Application
9.1.1.3 Italy: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Atomic Clock Market, by Type
9.1.1.3.2 Italy: Atomic Clock Market, by Application
9.1.1.4 UK: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Atomic Clock Market, by Type
9.1.1.4.2 UK: Atomic Clock Market, by Application
9.1.1.5 Russia: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Atomic Clock Market, by Type
9.1.1.5.2 Russia: Atomic Clock Market, by Application
9.1.1.6 Rest of Europe: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Atomic Clock Market, by Type
9.1.1.6.2 Rest of Europe: Atomic Clock Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 AccuBeat Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Excelitas Technologies Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 IQD Frequency Products Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Leonardo SpA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Microchip Technology Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Orolia
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Oscilloquartz SA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Stanford Research Systems Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Tekron International Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 VREMYA-CH JSC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Atomic Clock Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Italy: Atomic Clock Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. UK: Atomic Clock Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. Russia: Atomic Clock Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of Europe: Atomic Clock Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Atomic Clock Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Atomic Clock Market Segmentation
Figure 2. Europe Atomic Clock Market Segmentation – By Country
Figure 3. Europe Atomic Clock Market Overview
Figure 4. Rubidium Atomic Clock and CSAC Type Segment held the Largest Share
Figure 5. Space and Military/Aerospace Application Segment held the Largest Share
Figure 6. Russia to Show Great Traction During Forecast Period
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Atomic Clock Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Atomic Clock Market Revenue Share, by Type (2021 and 2028)
Figure 12. Rubidium Atomic Clock and CSAC: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Cesium Atomic Clock: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Hydrogen Maser Atomic Clock: Europe Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Atomic Clock Market Revenue Share, by Application (2021 and 2028)
Figure 16. Space and Military/Aerospace Research: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Scientific and Metrology Research: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Telecom and Broadcasting: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other Applications: Europe Atomic Clock Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Atomic Clock Market, by Key Country — Revenue (2021) (US$ Million)
Figure 21. Europe: Atomic Clock Market Revenue Share, By Key Country (2021 and 2028)
Figure 22. Germany: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. France: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Atomic Clock Market – Revenue and Forecast to 2028 (US$ Million)
- AccuBeat Ltd
- Excelitas Technologies Corp
- IQD Frequency Products Ltd
- Leonardo SpA
- Microchip Technology Inc
- Orolia
- Oscilloquartz SA
- Stanford Research Systems Inc
- Tekron International Ltd
- VREMYA-CH JSC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe atomic clock market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe atomic clock market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the atomic clock market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution