Europe Atomic Clock Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, and Application

Europe Atomic Clock Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, and Application

  • December 2020 •
  • 107 pages •
  • Report ID: 6004152 •
  • Format: PDF
The Europe atomic clock market is expected to grow from US$ 123.88 million in 2019 to US$ 192.68 million by 2027; it is estimated to grow at a CAGR of 5.8% from 2020 to 2027.
The Europe atomic clock market growth is mainly attributed to the increasing need for high precision atomic clocks in the aerospace and military sectors.Atomic clocks are flown on 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.For rubidium clocks flown on GPS Block IIR, there is much 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.

Moreover, meteorology station consists of various time-sensitive applications that raise the high demand for atomic clock; therefore, the Europe atomic clock market is expected to fuel during the forecast period.
Based on application, the space and military/aerospace segment led the Europe atomic clock market in 2019.All government and commercial timing equipment are based on atomic clocks, which collect the precise timing signals from GPS satellites.

These GPS signals are commonly received and decoded to recover exact timing signals that are used in various high-precision equipment, such as cellular base stations.Atomic clocks are also used to calibrate multiple scientific instruments, such as high-power telescopes, and synchronize networks that make up the internet.

The Excelitas Rubidium Atomic Frequency Standard (RAFS) is a space-qualified rubidium clock, which delivers high performance and reliability for global navigation satellite systems.The atomic clock is also used for precise positioning, timekeeping, and other onboard applications with Passive Hydrogen Maser (PHM) atomic clock.

PHM is designed to operate in space for more than 12 years and offers excellent stability. It is also known as the master clock of the Galileo Navigation Satellite System and has more than 40 units already in orbit. The applications of the atomic clock in space and military/aerospace are space ground control frequency referencing, electronic warfare, communications, secure communication, and navigation.
The COVID-19 outbreak is adversely affecting Europe.Europe is one of the key regions for the growth of the atomic clock market due to the presence of many developed countries—such as Germany, the UK, France, Italy, and Russia—where investments in research and development activities in the space and defense industry are quite high in comparison to other regions.

Also, the high adoption of advanced technology solutions in various industries makes this region an ideal market for the growth of different types of atomic clocks.Most of the European countries comprise major industrial sectors such as BFSI, automotive, aerospace & defense, and telecommunication and broadcasting.

Presently, Russia, the UK, Spain, Italy, Germany, Turkey, and France are the most-affected countries in the region due to the COVID-19 outbreak.The governments in various countries are imposing lockdowns and movement restrictions.

Lockdown is hindering the new project/program launches, R&D investments, and delivery schedules due to supply and demand gaps, which is restraining the growth of the Europe atomic clock market.
The overall Europe atomic clock market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe atomic clock market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe atomic clock market. Excelitas Technologies Corp., IQD Frequency Products Ltd, Leonardo S.p.A., Microchip Technology Inc, Orolia, Oscilloquartz, and Stanford Research Systems, and VREMYA-CH JSC are a few players operating in the market.
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