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The growth of the atomic clock market in Europe 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) announced that it 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 has 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 9 clocks have stopped working on the 18 satellites in orbit. These factors hinder the growth of the atomic clock market player’s businesses in Europe.
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Market Size Value in – US$ 511.54 Million in 2022
Market Size Value by – US$ 745.79 Million by 2028
Growth rate – CAGR of 6.5% from 2022 to 2028
Forecast Period – 2022-2028
Base Year – 2022
No. of Pages – 146
No. of Tables – 54
No. of Charts & Figures – 72
Historical data available – Yes
Segments covered – Type, and Application
Regional scope – North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope – US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage – Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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AccuBeat ltd., Excelitas Technologies Corp., IQD Frequency Products Ltd., Leonardo, Microchip Technology Inc., Orolia, Oscilloquartz, Stanford Research Systems, Tekron, and VREMYA-CH JSC are a few key players profiled in the atomic clock market study. The atomic clock market report provides detailed market insights, which will help the key players strategize growth in the coming years.
The ongoing developments in the atomic clock market are driving the market growth. In November 2022, China launched its lab module called Mengtian as a part of its ambitious space station currently under construction. Mengtian is set to carry the world’s first space-based set of cold atomic clocks consisting of a hydrogen clock, a rubidium clock, and an optical clock.
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.
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