According to our latest study, "Atomic Clock Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application," the market is expected to grow from US$ 511.54 million in 2022 to US$ 745.79 million by 2028; it is expected to grow at a CAGR of 6.5% from 2022 to 2028.

Atomic Clocks based on Optical Lattices of Strontium, Ytterbium, and Gadolinium Atoms to Fuel Atomic Clock Market Growth during Forecast Period

Atomic clocks operate at a higher rate than microwave clocks which is propelling the global atomic clock market. Therefore, many researchers are exploring their potential with new rare earth alkaline elements, such as ytterbium, strontium, and gadolinium. Sr-grid clock is viewed as the world's steadiest nuclear optical clock. It has an accuracy timekeeping component, which depends on a narrow electronic transition in Sr atoms trapped inside an optical lattice to separate internal and external atomic degrees of freedom during the clock's measurement. In optical atom clock, a relatively large number of quantum frequency references (QFRs) are used simultaneously (~104), resulting in a high signal-to-noise ratio. Thus, it leads to a short-term stability, which is higher than that obtainable with single ion-based optical atomic clocks, which is impacting the atomic clock market share. Further, physicists have combined two experimental atomic clocks based on ytterbium atoms at the National Institute of Standards and Technology (NIST) to set another world record for clock stability. In nature photonics, the experiment demonstrating the double-clock design is reported. Thus, atomic clocks based on optical lattices of atoms of strontium, ytterbium, and gadolinium are among the major trends expected to propel the Atomic Clock Market growth during the forecast period.

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 used in various high-precision equipment, such as cellular base stations. Such factors are anticipated to propel the Atomic Clock Market growth. Atomic clocks are also used to calibrate multiple scientific instruments such as high-power telescopes and synchronize the networks that make up the internet. Satellites that provide accurate positioning for the Chinese BeiDou satellite navigation system have dealt with self-developed rubidium and hydrogen atomic clocks. Such factors are bolstering the global Atomic Clock Market size. Moreover, the Excelitas Rubidium Atomic Frequency Standard (RAFS) is a space-qualified rubidium clock, which delivers high performance and reliability for global navigation satellite systems. Further, 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. Such factors are propelling the Atomic Clock Market size.

Increased product launches majorly drive the Atomic Clock Market growth in the scientific and metrology research segment. Stanford Research Systems (SRS) introduced FS725, which incorporates a rubidium oscillator, i.e., SRS model PRS10. FS725 with low noise and distribution amplifiers in a 2U compact half-width chassis provides stable and reliable performance. For calibration and R&D laboratories, or any other application in which precision frequency standard is required, the FS725 is an ideal instrument. Growing stringent network synchronization is a key element of metrology. The value gets established in the International System of Units, a set of standard and independent dimensions that allow scientists to compare and conduct analysis in all fields. Similarly, for the strict metrology requirements, the OSA ePRTC system supplied by Oscilloquartz is the ideal timing source. The innovative solution provides a stable UTC-traceable cesium clock frequency signal supplied by GNSS with an atomic cesium clock OSA 3230B ePRTC attached to the Oscilloquartz clock combiner. Such factors are propelling the Atomic Clock Market share at a significant pace.

The atomic clocks in smart grids are used to synchronize the time at remote locations between power devices. Besides, the GNSS/GPS, usually known for car navigation systems and smartphones, is also equipped with precise atomic clocks. Moreover, an increased product launch is one of the major factors contributing to the growth of the others segment in the Atomic Clock Market during the forecast period. Tekron provides TCG 02-G, a highly precise, fully-featured GPS and GLONASS (GNSS) clock. It provides multiple options for frequency outputs, time code, and oscillator, suitable for almost any timing application. Such initiatives are likely to provide growth opportunities to the atomic clock market during the forecast period.

Key Findings of Study:

The 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. In 2022, the rubidium atomic clock and CSAC segment led the market. Based on application, the market is segmented into space and military/aerospace, scientific and metrology research, telecom/broadcasting, and others. In 2022, the space and military/aerospace segment led the market.

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