The Atomic
clock market is expected to reach US$ 745.79 million by 2028. It is
estimated to grow at a CAGR of 6.5% during 2022-2028.

The cesium atomic clock market demand is rising due to the
growing need for improved precision in radio astronomy labs and metrology.
Also, military, aerospace, and navigation satellites are among the critical
applications for cesium atomic clocks, where they are used for the measurement
of pulsar stability, differential GPS (DGPS), geographical exploration, global
positioning systems (GPS), geology, palaeontology, archaeology, and
environmental studies.

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AccuBeat ltd., Excelitas
Technologies Corp., IQD Frequency Products Ltd., Leonardo, Microchip Technology
Inc., Orolia, Oscilloquartz, Stanford Research Systems, Tekron, and VREMYA-CH
JSC are a few key players profiled in the atomic clock market study. The atomic
clock market report provides detailed market insights, which will help the key
players strategize growth in the coming years.

The atomic
clock market is segmented into five major regions-North America, Europe, Asia
Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022,
North America is led the market with the largest share, followed by Europe.
Further, APAC is expected to register the highest CAGR in the market from 2022
to 2028.

The growth of the atomic clock market in Europe 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) announced that it 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 has
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 9 clocks have stopped working on the 18 satellites in
orbit. These factors hinder the growth of the atomic clock market player's
businesses in Europe.

The US is the largest producer of cesium atomic clocks which
is propelling the regional atomic clock market growth. China and Japan are
major countries producing cesium atomic clocks in Asia Pacific. Moreover, two
significant firms offering cesium atomic clocks are Microchip and
Oscilloquartz. Also, Microsemi is the only commercial supplier of cesium
beam-tube clocks, used in national laboratories across the world. Further, the
Indian Space Research Organization (ISRO) has developed its own cesium atomic
clock ensemble. Moreover, ISRO has been working on high precision atomic clocks
based on rubidium. Such factors are bolstering the atomic clock market size.

China is one of the most significant revenue contributors to
the atomic clock market in APAC. China led the APAC atomic clock market with a
share of 37.28% in 2021. It declared the BeiDou Navigation Satellite System
(BDS) official commissioning in July 2020, marking it formally available for
global users. More than 400 agencies and 300,000 research personnel and
technicians are involved in the BDS system. The China Academy of Space
Technology (CAST), a satellite developer, has brought together leading experts
and manufacturers across the country and integrated the most advanced
technologies and high-quality materials and products for the project.

Rubidium atomic clocks provide BDS satellites with time and
frequency standards, and these clocks play vital role in the system's
positioning, speed measurement, and timing accuracy. More than 100 rubidium
atomic clocks, including 70 high-precision clocks, have been delivered to the
BDS program by the Xi'an branch in the last two decades. Further, APAC is
anticipated to register the highest CAGR in the global atomic clock market
during the forecast period. The rise in the use of atomic clocks in satellite
antennas in the aviation, telecommunications, and broadcasting applications in
countries such as India and China is anticipated to boost the region's atomic
clock market growth during the forecast period.

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 would propel the demand for high performance miniaturized
atomic clock market. Defense Advanced Research Projects Agency (DARPA) has
invested a huge amount in the advancement and miniaturization of atomic clock
market share 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 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 opportunities to the atomic
clock market players during the forecast period.

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TABLE
OF CONTENTS

1.
Introduction

   1.1 Study Scope

   1.2 Research Report Guidance

   1.3 Market Segmentation

         1.3.1 Atomic Clock Market - By Type

         1.3.2 Atomic Clock Market - By
Application

         1.3.3 Atomic Clock Market- By Region

2. Key
Takeaways

3.
Research Methodology

   3.1 Coverage

   3.2 Secondary Research

   3.3 Primary Research

4.
Atomic Clock Market Landscape

   4.1 Market Overview

   4.2 PEST Analysis

         4.2.1 North America

         4.2.2 Europe

         4.2.3 Asia-Pacific

         4.2.4 Middle East & Africa

         4.2.5 South America

   4.3 Ecosystem Analysis

   4.4 Expert Opinion

5.
Market Dynamics

   5.1 Market Drivers

         5.1.1 Increasing Need for a High
Precision Atomic Clock in Aerospace and Military

         5.1.2 High Demand from Metrology
Station Owing to a Time-Sensitive Applications

   5.2 Market Restraints

         5.2.1 High Cost and Complexities
Associated with Atomic Clocks

   5.3 Market Opportunities

         5.3.1 Next-Generation Chip-Scale
Atomic Clocks (CSACs)

         5.3.2 Emerging Digital Infrastructure
and 5G Base Stations

   5.4 Future Trends

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

   5.5 Impact Analysis of Drivers and
Restraints

6. Global
Analysis

7. By
Type

8. By
Application

Continued…

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