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Quantum Technologies Global Market - Forecast to 2030

Quantum Technologies Global Market - Forecast to 2030

Quantum technologies are the most revolutionary technology that works by using the principles of quantum mechanics (the physics of sub-atomic particles), including quantum entanglement and quantum superposition. Quantum computing, Quantum sensing (QS) and Quantum communication (QComm) are the main three domains of quantum technologies. These technologies open up entirely new and unexplored applications in the fields of measurement technology, secure communication, and highly complex calculations. In the case of quantum computing, the result is far more powerful than conventional computers, allowing for faster decision-making and calculations by considering multiple alternatives simultaneously rather than one at a time. Quantum sensing allows for more accurate measurements of physical quantities such as temperature, pressure, gravitation, acceleration, time, etc compared to a conventional sensor. Lastly, quantum communication involves the development of strong encryption protocols that could greatly increase the security of sensitive information.

The unique capabilities, of QC, QS, and QComm could transform multiple markets, including Healthcare, Banking, Financial Services and Insurance (BFSI), Energy, Oil and Gas, Chemical & Material science, Logistics, and Distribution, Aerospace, Defense, and Others. The government is heavily investing in quantum technologies to obtain potential advantages of these technologies. Major technology companies such as Google, IBM, Amazon, and others are entering this field to explore the application of quantum technologies in various sectors of the industries. At the same time, many start-up companies are also raising in this field by receiving substantial funding from government and private ventures.

The quantum technologies global market is expected to grow at a high double digit CAGR of from 2021 to 2030 to reach $3,518.3 million by 2030. The factors such as growing government and private venture funding for quantum technologies, increasing R&D expenditure of major technology companies to develop quantum technologies, strategic collaboration, partnerships, and mergers for the quantum technologies are driving the quantum technologies global market. Whereas, the emergence of mobile and convenient quantum processors and the development of advanced quantum technologies provides immense growth opportunities for the market. The lack of skilled professionals, high cost and complexity associated with the development of quantum technologies, and cryptographic risk associated with quantum communications are hindering the market growth.

The market for quantum technologies is segmented based on technology, products, end-user, and geography. Based on the technology, the market is segmented into Quantum Computing, Quantum Sensing, and Quantum Communication. Among these, the Quantum Sensing segment is accounted for the highest revenue in 2021 and is expected to grow at an early teen CAGR from 2021 to 2030. Quantum computing is expected to grow at a high double digit CAGR from 2021 to 2030. Based on the types of sensors, the Quantum Sensing global market is further segmented into Atomic Clocks, Magnetic Sensors, PAR Sensors, and Others. Among the sensors, the Atomic Clock segment is accounted for the highest revenue in 2021 and is expected to grow at an early teen CAGR from 2021 to 2030. Magnetic Sensors is expected to grow at a mid teen CAGR from 2021 to 2030.

Quantum computing is further segmented based on application and based on deployment. Based On application, the quantum computing global market is segmented into Machine Learning, Optimization, and Simulations. Among these, the Optimization segment is accounted for the highest revenue in 2021 and is expected to grow high double digit CAGR from 2021 to 2030. The simulations segment is expected to grow at a high double digit CAGR from 2021 to 2030. Based on the deployment, the quantum computing global market is sub-segmented into on-premise and cloud-based. Among these, cloud-based deployment is accounted for the highest revenue in 2021 and is expected to grow at high double digit CAGR from 2021 to 2030.

Based on product the quantum technologies global market is divided into hardware, software, and services. Among these, the Hardware segment is accounted for the highest revenue of in 2021 and is expected to grow at a mid teen CAGR from 2021 to 2030. The services segment is expected to grow at a high double digit CAGR from 2021 to 2030.

Based on end-users, the quantum technologies global market is segmented into Healthcare, Banking, Financial Services and Insurance (BFSI), Energy, Oil and Gas, Chemical & Material science, Logistics and Distribution, Aerospace, Defense, and Others. Among these, the Aerospace segment is accounted for the highest revenue in 2021 and is expected to grow at a high double digit CAGR from 2021 to 2030. The healthcare segment is expected to grow at a high double digit CAGR from 2021 to 2030.

Based on geography, the quantum technologies global market is segmented into North America (U.S. and Rest of North America), Europe (Germany, France, U.K., and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of APAC) and the Rest of the world. North America accounted for the largest revenue in 2021 and is expected to grow at a high double digit CAGR from 2021 to 2030. The factors such as increasing R&D expenditure, growing industries, the establishment of quantum research centers, development of national strategy by the government, the presence of major technology companies, increasing collaboration between quantum technology companies and industries, and the increasing number of quantum computing start-ups companies are driving the quantum technologies market in the region.

Europe is expected to grow at a high double digit CAGR from 2021 to 2030. The factors such as growing industry, the launch of quantum research programs with government investment, development of various consortiums by collaborating with large industrial partners, small and medium-sized enterprises (SMEs), start-ups, and research organizations to build a quantum computer into usable industrial applications, increasing private venture funding, the launch of new research programmers, increasing collaboration between quantum technology companies and industries, collaboration with other countries, merging between quantum technology companies to explore different application areas and growing start-up company activities are driving the quantum technologies market in the region.

The quantum technologies global market is competitive and all the players in this market are involved in strategic collaboration, partnership, mergers, and new product launches in quantum technologies to expand their product portfolio and maintain their market shares.

The key players in the quantum technologies global market include International Business Machines Corporation (U.S.), Ix-Blue (France), Alphabet Inc. (Google) (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Amazon.com, Inc (U.S.), D-Wave Systems Inc. (Canada), AOSense, Inc (U.S.), LI-COR Biosciences (U.S.), Toshiba Corporation (Japan), Honeywell International Inc (U.S.), Rigetti Computing (U.S.) and Baidu, Inc. (China).

The report provides an in-depth market analysis of the above-mentioned segments across the following region:

North America

The U.S.
Rest of North America
Europe

Germany
The U.K.
France
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of APAC
Rest of the World (RoW)
Table of Contents

1 EXECUTIVE SUMMARY 19
2 INTRODUCTION 29
2.1 KEY TAKEAWAYS 29
2.2 SCOPE OF THE REPORT 30
2.3 REPORT DESCRIPTION 30
2.4 MARKETS COVERED 33
2.5 STAKEHOLDERS 35
2.6 RESEARCH METHODOLOGY 35
2.6.1 MARKET SIZE ESTIMATION 38
2.6.2 MARKET BREAKDOWN AND DATA TRIANGULATION 40
2.6.3 SECONDARY SOURCES 41
2.6.4 KEY DATA POINTS FROM SECONDARY SOURCES 42
2.6.5 PRIMARY SOURCES 42
2.6.6 KEY DATA POINTS FROM PRIMARY SOURCES 43
2.6.7 ASSUMPTIONS 44
3 MARKET ANALYSIS 45
3.1 INTRODUCTION 45
3.2 MARKET SEGMENTATION 46
3.3 FACTORS INFLUENCING MARKET 48
3.3.1 DRIVERS AND OPPORTUNITIES 49
3.3.1.1 Increase in government funding and private investment 49
3.3.1.2 Increasing investment in research and development (R&D) 51
3.3.1.3 Strategic collaboration, mergers, and technology partnerships in the quantum technologies 51
3.3.1.4 Emergence of mobile and convenient quantum processors requiring less sophisticated environment and development of advanced quantum technologies 53
3.3.2 RESTRAINTS AND THREATS 54
3.3.2.1 Lack of skilled personnel 54
3.3.2.2 High cost and complexity associated with the development of quantum technologies 55
3.3.2.3 The cryptographic risk associated with quantum computing 56
3.4 PORTER’S FIVE FORCE ANALYSIS 57
3.4.1 THREAT OF NEW ENTRANTS 58
3.4.2 THREAT OF SUBSTITUTES 59
3.4.3 BARGAINING POWER OF SUPPLIERS 60
3.4.4 BARGAINING POWER OF BUYERS 61
3.4.5 COMPETITIVE RIVALRY 61
3.5 PATENT ANALYSIS 62
3.6 FUNDING ANALYSIS 64
3.6.1 PUBLIC FUNDING ANALYSIS 64
3.6.2 ANALYSIS OF PRIVATE VENTURE AND GOVERNMENT FUNDING
(QUANTUM TECHNOLOGY COMPANIES) 70
3.7 DEAL ANALYSIS 75
3.7.1 DEAL ANALYSIS (INDUSTRIES, UNIVERSITIES, GOVERNMENT &
QUANTUM TECHNOLOGY COMPANIES) 75
3.7.2 DEAL ANALYSIS (WITHIN QUANTUM TECHNOLOGY COMPANIES) 78
3.8 QUANTUM TECHNOLOGIES (MERGES AND ACQUISITION) 84
3.9 QUANTUM TECHNOLOGIES (NEW PRODUCT LAUNCH) 85
3.10 QUANTUM TECHNOLOGY PARTNERSHIPS 90
3.11 MATRIX OF QUANTUM TECHNOLOGIES COMPANIES 96
3.12 MARKET SHARE ANALYSIS BASED ON MAJOR PLAYERS 101
3.12.1 QUANTUM TECHNOLOGIES GLOBAL MARKET SHARE ANALYSIS 101
3.12.2 QUANTUM COMPUTING AND COMMUNICATION GLOBAL MARKET
SHARE ANALYSIS 106
4 QUANTUM TECHNOLOGIES GLOBAL MARKET, BASED ON TECHNOLOGY 112
4.1 INTRODUCTION 112
4.2 QUANTUM COMPUTING 116
4.2.1 BASED ON APPLICATION 117
4.2.1.1 MACHINE LEARNING 120
4.2.1.2 OPTIMIZATION 122
4.2.1.3 SIMULATIONS 124
4.2.2 BASED ON DEPLOYMENT 126
4.2.2.1 ON-PREMISE DEPLOYMENT 129
4.2.2.2 CLOUD-BASED DEPLOYMENT 130
4.3 QUANTUM SENSING 132
4.3.1 ATOMIC CLOCKS 135
4.3.2 MAGNETIC SENSORS 135
4.3.3 PAR SENSORS 136
4.3.4 OTHERS 137
4.4 QUANTUM COMMUNICATION 138
5 QUANTUM TECHNOLGY GLOBAL MARKET, BASED ON PRODUCT 140
5.1 INTRODUCTION 140
5.2 HARDWARE 143
5.3 SOFTWARE 156
5.4 SERVICES 158
6 QUANTUM TECHNOLOGIES GLOBAL MARKET, BASED ON END-USERS 161
6.1 INTRODUCTION 161
6.2 HEALTHCARE 165
6.3 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 169
6.4 ENERGY, OIL, AND GAS 171
6.5 CHEMICAL AND MATERIAL SCIENCE 174
6.6 LOGISTICS AND DISTRIBUTION 175
6.7 AEROSPACE 176
6.8 DEFENSE 179
6.9 OTHERS 180
7 REGIONAL ANALYSIS 183
7.1 INTRODUCTION 183
7.2 NORTH AMERICA 188
7.2.1 U.S. 190
7.2.2 REST OF NORTH AMERICA 194
7.3 EUROPE 197
7.3.1 GERMANY 200
7.3.2 FRANCE 202
7.3.3 U.K. 204
7.3.4 REST OF EUROPE 206
7.4 ASIA-PACIFIC 208
7.4.1 JAPAN 210
7.4.2 CHINA 212
7.4.3 INDIA 213
7.4.4 REST OF APAC 215
7.5 REST OF THE WORLD 217
8 COMPETITIVE LANDSCAPE 219
8.1 INTRODUCTION 219
8.2 COLLABORATION, PARTNERSHIP, AND AGREEMENT 221
8.3 NEW PRODUCT LAUNCH 228
8.4 MERGER AND ACQUISITION 229
8.5 EXPANSION AND OTHERS 230
9 MAJOR COMPANIES 232
9.1 ALPHABET INC. 232
9.1.1 OVERVIEW 232
9.1.2 FINANCIALS 233
9.1.3 PRODUCT PORTFOLIO 234
9.1.4 KEY DEVELOPMENTS 235
9.1.5 BUSINESS STRATEGY 236
9.1.6 SWOT ANALYSIS 237
9.2 AOSENSE, INC. 238
9.2.1 OVERVIEW 238
9.2.2 FINANCIALS 238
9.2.3 PRODCUT PORTFOLIO 238
9.2.4 KEY DEVELOPMENTS 239
9.2.5 BUSINESS STRATEGY 239
9.2.6 SWOT ANALYSIS 240
9.3 AMAZON.COM, INC. 241
9.3.1 OVERVIEW 241
9.3.2 FINANCIALS 242
9.3.3 SERVICE PORTFOLIO 243
9.3.4 KEY DEVELOPMENTS 243
9.3.5 BUSINESS STRATEGY 244
9.3.6 SWOT ANALYSIS 245
9.4 D-WAVE SYSTEMS INC. 246
9.4.1 OVERVIEW 246
9.4.2 FINANCIALS 246
9.4.3 SERVICE PORTFOLIO 247
9.4.4 KEY DEVELOPMENTS 247
9.4.5 BUSINESS STRATEGY 249
9.4.6 SWOT ANALYSIS 250
9.5 HONEYWELL INTERNATIONAL INC. 251
9.5.1 OVERVIEW 251
9.5.2 FINANCIALS 252
9.5.3 PRODUCT PORTFOLIO 254
9.5.4 KEY DEVELOPMENTS 254
9.5.5 BUSINESS STRATEGY 255
9.5.6 SWOT ANALYSIS 256
9.6 INTERNATIONAL BUSINESS MACHINES CORPORATION 257
9.6.1 OVERVIEW 257
9.6.2 FINANCIALS 258
9.6.3 PRODUCT PORTFOLIO 260
9.6.4 KEY DEVELOPMENTS 260
9.6.5 BUSINESS STRATEGY 263
9.6.6 SWOT ANALYSIS 264
9.7 INTEL CORPORATION 265
9.7.1 OVERVIEW 265
9.7.2 FINANCIALS 266
9.7.3 PRODUCT PORTFOLIO 268
9.7.4 KEY DEVELOPMENTS 269
9.7.5 BUSINESS STRATEGY 269
9.7.6 SWOT ANALYSIS 270
9.8 IX-BLUE 271
9.8.1 OVERVIEW 271
9.8.2 FINANCIALS 271
9.8.3 PRODUCT PORTFOLIO 271
9.8.4 KEY DEVELOPMENTS 272
9.8.5 BUSINESS STRATEGY 272
9.8.6 SWOT ANALYSIS 273
9.9 LI-COR, INC 274
9.9.1 OVERVIEW 274
9.9.2 FINANCIALS 274
9.9.3 PRODUCT PORTFOLIO 274
9.9.4 KEY DEVELOPMENTS 274
9.9.5 BUSINESS STRATERGY 275
9.9.6 SWOT ANALYSIS 275
9.10 MICROSOFT CORPORATION 276
9.10.1 OVERVIEW 276
9.10.2 FINANCIALS 277
9.10.3 SERVICE PORTFOLIO 279
9.10.4 KEY DEVELOPMENTS 279
9.10.5 BUSINESS STRATEGY 280
9.10.6 SWOT ANALYSIS 281
9.11 RIGETTI HOLDINGS, INC. 282
9.11.1 OVERVIEW 282
9.11.2 FINANCIALS 282
9.11.3 PRODUCT PORTFOLIO 283
9.11.4 KEY DEVELOPMENTS 283
9.11.5 BUSINESS STRATEGY 284
9.11.6 SWOT ANALYSIS 285
9.12 TOSHIBA CORPORATION 286
9.12.1 OVERVIEW 286
9.12.2 FINANCIALS 287
9.12.3 PRODUCT PORTFOLIO 289
9.12.4 KEY DEVELOPMENTS 289
9.12.5 BUSINESS STRATEGY 290
9.12.6 SWOT ANALYSIS 291

Report Title: Quantum Technologies Global Market - Forecast to 2030


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