Global Superconducting Quantum Interference Devices Sensors Market Size By Type (AC, RF), By Application (Electronics, Precision Instrument), By Region, And Segment Forecasts, 2023 to 2032

The global Superconducting Quantum Interference Devices (SQUID) sensors market was valued at USD 800 million in 2023 and is projected to reach USD 1.5 billion by 2031, growing at a CAGR of 7.8% during the forecast period from 2023 to 2031. The rising demand for highly sensitive magnetic sensors in healthcare, defense, and research sectors is a key driver for the market. SQUID sensors are crucial for applications requiring extremely high precision in measuring magnetic fields, making them indispensable in areas such as medical imaging, geophysics, and quantum computing.

Drivers:

Increasing Demand in Healthcare: The utilization of SQUID sensors in medical diagnostics, particularly in magnetoencephalography (MEG) and magnetocardiography (MCG), is growing rapidly. These sensors offer unparalleled sensitivity, improving diagnostic accuracy in detecting neural and cardiac activity.

Advances in Quantum Computing: SQUID sensors play a critical role in the advancement of quantum computing, where they are used to measure qubits and quantum phenomena with high precision.

Rising Investment in Research: Governments and private entities are increasingly investing in scientific research where SQUID sensors are used for applications such as geophysical exploration and advanced material studies.

Restraints:

High Costs of SQUID Sensors: The high cost of superconducting materials and the complexity of SQUID technology pose challenges for wider adoption, particularly in emerging markets.

Cryogenic Requirements: The need for cryogenic cooling to operate SQUID sensors adds to the cost and complexity of the equipment, limiting its use in environments where cryogenics are not easily accessible.

Opportunity:

Emerging Applications in Quantum Technology: As quantum technology continues to develop, new applications for SQUID sensors are emerging, offering significant opportunities for market expansion.

Adoption in Space Exploration: SQUID sensors are being increasingly explored for use in space exploration to measure weak magnetic fields, which could open new avenues for their application.

Market by System Type Insights:

In 2023, the low-temperature SQUID segment accounted for the largest share of the market. Low-temperature SQUID sensors are widely used in high-precision applications due to their superior sensitivity compared to their high-temperature counterparts. However, the high-temperature SQUID segment is expected to grow at a higher rate during the forecast period, driven by advancements in material science aimed at reducing operational costs and eliminating the need for extensive cryogenic setups.

Market by End-Use Insights:

The healthcare segment held the largest share of the SQUID sensors market in 2023, with over 40% of the market. SQUID sensors are highly valued in healthcare for non-invasive diagnostics, particularly in brain and heart-related diagnostics. The defense sector is also emerging as a significant market for SQUID sensors, with growing investments in advanced detection and surveillance technologies.

Market by Regional Insights:

North America dominated the SQUID sensors market in 2023, accounting for the largest market share due to the high concentration of research institutions, advanced healthcare infrastructure, and defense spending in the region. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period, driven by increasing investments in scientific research and growing adoption of advanced healthcare diagnostics in countries like China and Japan.

Competitive Scenario:

Key players in the global SQUID sensors market include Quantum Design, Inc., STAR Cryoelectronics, Tristan Technologies, Cryoton Ltd., Supracon AG, and Magnicon GmbH. These companies are focusing on developing more efficient and cost-effective SQUID technologies to strengthen their market presence.

Scope of Work – Global Superconducting Quantum Interference Devices Sensors Market

Key Market Developments:

In 2023, Quantum Design introduced a new range of compact SQUID sensors designed for more accessible deployment in research laboratories.

STAR Cryoelectronics announced a partnership with a leading medical equipment manufacturer in 2024 to integrate SQUID technology into advanced imaging systems.

Tristan Technologies expanded its SQUID product line in 2025, focusing on the defense sector to offer enhanced detection solutions for military applications.

FAQs:

What is the current market size of the global Superconducting Quantum Interference Devices Sensors Market?

The global SQUID sensors market was valued at USD 800 million in 2023.

What is the major growth driver of the global Superconducting Quantum Interference Devices Sensors Market?

The major growth driver is the increasing demand for high-sensitivity magnetic sensors in healthcare, defense, and research sectors.

Which is the largest region during the forecast period in the global Superconducting Quantum Interference Devices Sensors Market?

North America held the largest market share in 2023, with the Asia-Pacific region expected to grow the fastest.

Which segment accounted for the largest market share in the global Superconducting Quantum Interference Devices Sensors Market?

The low-temperature SQUID segment accounted for the largest share in 2023.

Who are the key market players in the global Superconducting Quantum Interference Devices Sensors Market?

Key players include Quantum Design, STAR Cryoelectronics, Tristan Technologies, Cryoton Ltd., Supracon AG, and Magnicon GmbH.