Atomic Clock Market Scope
An atomic clock is a precision clock that keeps time better than any other clock. The atomic clock helps in GPS navigation, Internet synchronization, and accurate identification of the position of the planets. The accuracy of an atomic clock depends on two factors, the first is the temperature of the sample atoms and the second is the frequency and intrinsic linewidth of the electronic or hyperfine transition. Higher frequencies and narrow lines increase precision. The cesium clock is the most accurate atomic clocks available today, and the countries that produce cesium clock in batches include the United States, Switzerland, Russia, and China.
According to AMA, the Global Atomic Clock market is expected to see growth rate of 4.6%The Manufacturers having a strong hold in the market are Microsemi, Orolia Group, Oscilloquartz SA, and Frequency Electronics. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Atomic Clock market throughout the predicted period.
Microsemi (United States), Orolia Group (France), Oscilloquartz SA (Switzerland), Frequency Electronics (United States), VREMYA-CH JSC (Russia), CASIC (China), Stanford Research Systems (United States), Chengdu Spaceon Electronics (China), AccuBeat Ltd. (Israel) and KVARZ (Russia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are IQD (United Kingdom), Tekron (New Zealand), Excelitas Technologies (United States) and Shanghai Astronomical Observatory (China).
Segmentation Overview
The study have segmented the market of Global Atomic Clock market by Type (Rubidium Atomic Clock & CSAC, Cesium Atomic Clock and Hydrogen Maser Atomic Clock), by Application (Navigation Satellite Systems, Time Signal Radio Transmitter, Air Traffic Control, Internet and Others) and Region with country level break-up.
On the basis of geography, the market of Atomic Clock has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Cesium Atomic Clock owing To High-Frequency Accuracy and Good Frequency Stability without Long-Term Frequency Drift
Market Growth Drivers:
Increasing need for a high precision atomic clock in aerospace and military is the key driving factor for the market. Also, high demand from metrology station owing to a time-sensitive application will further boost the growth of the market and Need To Gain Greater Accuracy of Defining the Second
Challenges:
Huge Investment in Research and Development and Maintenance of the Atomic Clock owing to Thermal Environmental Effects
Restraints:
High Cost of the Clock owing to Expensive Components
Opportunities:
Atomic Clocks Based On Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms and Growing use of Atomic Clock in GPS and Navigation Satellites
Market Leaders and their Expansionary Development Strategies
On September 18, 2019, Orolia Defense & Security has completed the acquisition of Talen-X, a U.S. company specializing in advanced Global Navigation Simulation System (GNSS) solutions and Interference, Detection, and Mitigation (IDM) technologies. and On May 1, 2017, Orolia, the world leader in Resilient Positioning, Navigation and Timing (PNT) solutions, has announced the successful acquisition of Netwave Systems, a Netherlands-based company located in Zoetermeer. Netwave is a global leader in Voyage Data Recorders (VDRs) for the global maritime market.
On January 9, 2020, Frequency Electronics, Inc. has announced that its next-generation Rubidium atomic clock successfully completed a Critical Design Review (CDR) by prime contractor Lockheed Martin Space for potential use on the U.S. Air Force’s GPS III Follow On (GPS IIIF) satellite program.
On April 3, 2014, The National Institute of Standards and Technology (NIST) in Boulder, Colorado officially launched its newest standard for measuring time using the NIST-F2 atomic clock. NIST-F2 is accurate to one second in 300 million years.
Key Target Audience
Atomic Clock Manufacturers, Military and Defence Organization, Parts & Component Suppliers, Government and Research Organization and Telecom Companies and Metrology Stations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.