Europe Atomic Clock Market Report 2023: Increasing Need for a High Precision Atomic Clock in Aerospace and Military Bolsters Growth

Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Europe Atomic Clock Market Forecast to 2028 - COVID-19 Impact and Regional Analysis" report has been added to ResearchAndMarkets.com's offering.

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) are Expected to Create 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 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.

Market Dynamics

Market Drivers

• Increasing Need for a High Precision Atomic Clock in Aerospace and Military
• High Demand from Metrology Station Owing to a Time-Sensitive Applications

Market Restraints

• High Cost and Complexities Associated with Atomic Clocks

Market Opportunities

• Next-Generation Chip-Scale Atomic Clocks (CSACs)
• Emerging Digital Infrastructure and 5G Base Stations

Future Trends

• Atomic Clocks based on Optical Lattices of Strontium, Ytterbium and Gadolinium Atoms

A selection of companies mentioned in this report includes

• 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

For more information about this report visit https://www.researchandmarkets.com/r/409zlh-atomic?w=12

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• European Atomic Clock Market