According to the latest research report by The Insight Partners Atomic Clock Market was valued at US$ 418.73 million in 2019 and is projected to reach US$ 668.58 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.
Growing Demand for Atomic Clock to Escalate Atomic Clock Market Growth at 6.2 % CAGR during 2020–2027
North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America are the five main geographic areas that make up the atomic clock market (SAM). In 2019, the atomic clock market was dominated by North America, followed by Europe and APAC. The growth of the atomic clock market in North America is fueled by the presence of significant industry players like Microsemi, Frequency Electronics, Stanford Research Systems, and Excelitas Technologies. Additionally, it is predicted that the market in APAC would expand at the greatest CAGR during the forecast period.
Companies use inorganic market tactics to increase their global reach and satisfy client demand. The key market participants for atomic clocks concentrate mostly on the acquisition strategy to grow their companies and uphold their reputation internationally. As an illustration, Orolia is chosen for the Galileo Global Navigation Satellite System in 2020. (GNSS). Orolia offered the most reliable, accurate timing solutions available under contracts worth a total of €26 million.
Check for the sample here – https://bit.ly/3yZBSVtImpact of COVID-19 Pandemic on Atomic Clock Market
Various industries including BFSI, automotive, aerospace & military, and telecommunication and broadcasting are present in all major nations on the planet. Every region is being negatively affected by the COVID-19 outbreak. Due to the issue, governments all around the world are implementing lockdowns and mobility restrictions. Recently, the second round of the global pandemic prompted a month-long lockdown in a number of nations. Due to government limitations and a scarcity of labour, many firms, particularly SMEs, are having financial difficulties as a result of their operations being suspended or significantly reduced.
The market for Demerara Sugaris concentrated with some very well-established players. Some of the key players in the Atomic Clock Market include
- AccuBeat ltd.
- Excelitas Technologies Corp.
- IQD Frequency Products Ltd.
- Microchip Technology Inc.
- Stanford Research Systems
- VREMYA-CH JSC
Atomic Clock Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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