![]() In June 2020, Oscilloquartz launched an ePRC optical cesium atomic clock solution to protect synchronization networks during GNSS disruptions. In June 2019, MHM-2020 launched security and a modern touch panel display to the world's most deployed fleet of active hydrogen maser atomic clocks. The atomic clock market report provides detailed market insights, which will help the key players strategize the growth in the coming years.Ī few initiatives taken by the key atomic clock market players are mentioned below. Several other essential market players were analyzed to get a holistic view of the atomic clock market and its ecosystem. Microchip Technology Inc., Orolia, Excelitas Technologies Corp., Leonardo, and Oscilloquartz are among the five key players operating in the atomic clock market. Such initiatives are estimated to encourage the production and sales of atomic clocks and their components in the MEA in the coming years.Ītomic Clock Market: Competitive Landscape and Key Developments Furthermore, the goal of the initiative is to boost manufacturing in the UAE by 30% and increase its GDP by US $6.8 billion by 2031. The “Industry 4.0” initiative of the UAE Ministry of Industry and Advanced Technology has highlighted its goals to accelerate the digital capabilities of local manufacturers through partnerships with leading tech companies across the globe. In October 2021, the Abu Dhabi Department of Economic Development (ADDED) announced a smart manufacturing initiative to attract foreign companies. However, in the post-pandemic scenario, the growing number of initiatives to boost the manufacturing sector in the MEA is likely to propel the demand for atomic clocks. Hence, the decline in economic growth and impacts of the COVID-19 pandemic on the growth of various industries in the region have hindered the demand for atomic clock systems. The MEA is especially affected by the impacts of the COVID-19 pandemic due to uncertainty regarding oil requirements and prices. The COVID-19 pandemic hampered the atomic clock market share due to a decline in industrial activities and failed planned investments in various sectors. Report coverage - Revenue forecast, company ranking, competitive landscape, growth factors, and trends Regional scope - North America, Europe, Asia Pacific, Middle East & Africa, South & Central AmericaĬountry scope - US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina Growth rate - CAGR of 6.5% from 2022 to 2028 Market Size Value by - US$ 745.79 Million by 2028 Market Size Value in - US$ 511.54 Million in 2022 Global Atomic Clock Market – Report Scope: Get Sample Pages on Atomic Clock Market at NEW YORK, UNITED STATES, Novem/ / - According to The Insight Partners, “ Atomic Clock Market Forecast to 2028 - COVID-19 Impact and Global 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 atomic clock market growth is fuelled by increasing need for a high precision atomic clock in aerospace and military and high demand from metrology station owing to a time-sensitive applications. The atomic clock market size was valued at USD 511.54 million in 2022 registering at a CAGR of 6.5% from 2022 to 2028. ![]()
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