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Quantum Computing What Every CE
Quantum Computing What Every CE

The Global Market for Quantum Technologies 2024-2034

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Quantum Computing, Quantum Chemistry, Quantum Cryptography, Quantum Cybersecurity, Quantum Communications, Quantum Sensors and Quantum Batteries. 

  • Published: October 2023
  • Pages: 371 
  • Tables: 86
  • Figures: 69
  • Series: Electronics

 

The global quantum technologies market is an emerging industry with the potential to revolutionize computing, cryptography, sensing, imaging, and communications. Billions of dollars have been invested so far, reflecting the massive interest from governments, established tech giants, and venture capitalists. 

The Global Market for Quantum Technologies 2024-2034 is a comprehensive 360 page+ overview of the global quantum technology industry, companies, research trends, applications, and future roadmap across computing, cryptography, cybersecurity, communications, sensing, materials science, and more. Report contents include: 

  • Analysis of quantum computing covering the technology, hardware approaches like superconducting and topological qubits, software stack, and applications in optimization, machine learning, chemistry, etc.
  • Evaluation of quantum software platforms, algorithms, applications. Quantum chemistry simulations and AI as a key application area.
  • Analysis of quantum communications including quantum networks, cryptography, and the vision for a quantum internet.
  • Analysis of quantum sensing including atomic clocks, quantum radar, quantum imaging, and potential applications.
  • Analysis of key start-ups, tech giants, research initiatives, and investments.
  • Evaluation of the emerging field of quantum batteries.
  • Global market forecasts to 2034 across quantum computing, communications, cryptography, batteries, chemistry, and sensing segments.
  • Assessment of technological challenges, opportunities, and use cases driving commercial adoption.
  • 200+ company profiles of startups and corporations working on quantum technologies globally. Companies profiled include Diraq, LQUOM, memQ, Nanofiber Quantum Technologies, Nomad Atomics, Oxford Ionics, PASQAL, Planckian, Polaris Quantum Biotech (POLARISqb), PsiQuantum, Quantum Bridge, QUANTier, Quantum Brilliance, Quantum Motion, Quside Technologies S.L.,  Quobly, SemiQon, Silicon Extreme, Silicon Quantum Computing (SQC) and Sparrow Quantum.

 

The Global Market for Quantum Technologies 2024-2034
The Global Market for Quantum Technologies 2024-2034
PDF download/by email.
Price: £1,000.00

The Global Market for Quantum Technologies 2024-2034
The Global Market for Quantum Technologies 2024-2034
PDF and print edition (including tracked delivery).
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Payment methods: Visa, Mastercard, American Express, Paypal, Bank Transfer. 

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View full table of contents (PDF)

1              RESEARCH METHODOLOGY         20

 

2              OVERVIEW OF QUANTUM TECHNOLOGIES           21

  • 2.1          First and second quantum revolutions    21
  • 2.2          Current market 22
    • 2.2.1      Key developments          23
  • 2.3          Investment Landscape  24
  • 2.4          Global government initiatives     25
  • 2.5          Challenges for Quantum Technologies Adoption 26

 

3              QUANTUM COMPUTING              27

  • 3.1          What is quantum computing?    27
    • 3.1.1      Operating principle          27
    • 3.1.2      Classical vs quantum computing 29
    • 3.1.3      Quantum computing technology               31
      • 3.1.3.1   Quantum emulators       34
      • 3.1.3.2   Quantum inspired computing     35
      • 3.1.3.3   Quantum annealing computers 35
      • 3.1.3.4   Quantum simulators       35
      • 3.1.3.5   Digital quantum computers         35
      • 3.1.3.6   Continuous variables quantum computers            36
      • 3.1.3.7   Measurement Based Quantum Computing (MBQC)          36
      • 3.1.3.8   Topological quantum computing               36
      • 3.1.3.9   Quantum Accelerator     36
    • 3.1.4      Competition from other technologies     37
    • 3.1.5      Quantum algorithms       40
      • 3.1.5.1   Quantum Software Stack              41
      • 3.1.5.2   Quantum Machine Learning        41
      • 3.1.5.3   Quantum Simulation       42
      • 3.1.5.4   Quantum Optimization  42
      • 3.1.5.5   Quantum Cryptography 43
        • 3.1.5.5.1               Quantum Key Distribution (QKD)               43
        • 3.1.5.5.2               Post-Quantum Cryptography      44
    • 3.1.6      Hardware            45
      • 3.1.6.1   Qubit Technologies         46
        • 3.1.6.1.1               Superconducting Qubits 47
          • 3.1.6.1.1.1           Technology description 47
          • 3.1.6.1.1.2           Materials             48
          • 3.1.6.1.1.3           Market players  50
          • 3.1.6.1.1.4           Swot analysis     52
        • 3.1.6.1.2               Trapped Ion Qubits         53
          • 3.1.6.1.2.1           Technology description 53
          • 3.1.6.1.2.2           Materials             55
            • 3.1.6.1.2.2.1        Integrating optical components 55
            • 3.1.6.1.2.2.2        Incorporating high-quality mirrors and optical cavities     56
            • 3.1.6.1.2.2.3        Engineering the vacuum packaging and encapsulation     56
            • 3.1.6.1.2.2.4        Removal of waste heat  56
          • 3.1.6.1.2.3           Market players  57
          • 3.1.6.1.2.4           Swot analysis     58
        • 3.1.6.1.3               Silicon Spin Qubits           59
          • 3.1.6.1.3.1           Technology description 59
          • 3.1.6.1.3.2           Quantum dots   60
          • 3.1.6.1.3.3           Market players  62
          • 3.1.6.1.3.4           SWOT analysis   64
        • 3.1.6.1.4               Topological Qubits           65
          • 3.1.6.1.4.1           Technology description 65
            • 3.1.6.1.4.1.1        Cryogenic cooling             66
          • 3.1.6.1.4.2           Market players  66
          • 3.1.6.1.4.3           SWOT analysis   67
        • 3.1.6.1.5               Photonic Qubits 68
          • 3.1.6.1.5.1           Technology description 68
          • 3.1.6.1.5.2           Market players  71
          • 3.1.6.1.5.3           Swot analysis     72
        • 3.1.6.1.6               Neutral atom (cold atom) qubits                73
          • 3.1.6.1.6.1           Technology description 73
          • 3.1.6.1.6.2           Market players  75
          • 3.1.6.1.6.3           Swot analysis     76
        • 3.1.6.1.7               Diamond-defect qubits 77
          • 3.1.6.1.7.1           Technology description 77
          • 3.1.6.1.7.2           SWOT analysis   80
          • 3.1.6.1.7.3           Market players  81
        • 3.1.6.1.8               Quantum annealers        81
          • 3.1.6.1.8.1           Technology description 81
          • 3.1.6.1.8.2           SWOT analysis   84
          • 3.1.6.1.8.3           Market players  84
      • 3.1.6.2   Architectural Approaches             85
    • 3.1.7      Software             86
      • 3.1.7.1   Technology description 86
      • 3.1.7.2   Cloud-based services- QCaaS (Quantum Computing as a Service).               86
      • 3.1.7.3   Market players  87
  • 3.2          Market challenges           91
  • 3.3          SWOT analysis   93
  • 3.4          Industry developments 2020-2023            94
  • 3.5          Quantum computing value chain               103
  • 3.6          Markets and applications for quantum computing             104
    • 3.6.1      Pharmaceuticals               105
      • 3.6.1.1   Market overview             105
        • 3.6.1.1.1               Drug discovery  105
        • 3.6.1.1.2               Diagnostics         105
        • 3.6.1.1.3               Molecular simulations    106
        • 3.6.1.1.4               Genomics            106
        • 3.6.1.1.5               Proteins and RNA folding              107
      • 3.6.1.2   Market players  107
    • 3.6.2      Chemicals            108
      • 3.6.2.1   Market overview             108
      • 3.6.2.2   Market players  109
    • 3.6.3      Transportation  109
      • 3.6.3.1   Market overview             109
      • 3.6.3.2   Market players  112
    • 3.6.4      Financial services             113
      • 3.6.4.1   Market overview             113
      • 3.6.4.2   Market players  113

 

4              QUANTUM CHEMISTRY AND ARTIFICAL INTELLIGENCE (AI)            115

  • 4.1          Technology description 115
  • 4.2          Applications       115
  • 4.3          SWOT analysis   116
  • 4.4          Market challenges           117
  • 4.5          Market players  118

 

5              QUANTUM COMMUNICATIONS 119

  • 5.1          Technology description 119
    • 5.1.1      Types    119
    • 5.1.2      Quantum Random Numbers Generators 120
    • 5.1.3      Quantum Key Distribution (QKD)               122
    • 5.1.4      Post-quantum cryptography       122
    • 5.1.5      Quantum homomorphic cryptography    125
    • 5.1.6      Quantum Teleportation 125
    • 5.1.7      Quantum Networks        126
    • 5.1.8      Quantum Memory          126
    • 5.1.9      Quantum Internet           127
  • 5.2          Applications       127
  • 5.3          SWOT analysis   128
  • 5.4          Market challenges           129
  • 5.5          Market players  130

 

6              QUANTUM SENSING      133

  • 6.1          Technology description 133
    • 6.1.1      Quantum Sensing Principles        135
    • 6.1.2      SWOT analysis   138
    • 6.1.3      Atomic Clocks    139
      • 6.1.3.1   High frequency oscillators            140
        • 6.1.3.1.1               Emerging oscillators        140
      • 6.1.3.2   Caesium atoms 140
      • 6.1.3.3   Self-calibration  140
      • 6.1.3.4   Optical atomic clocks      141
        • 6.1.3.4.1               Chip-scale optical clocks 142
      • 6.1.3.5   Companies         143
      • 6.1.3.6   SWOT analysis   144
    • 6.1.4      Quantum Magnetic Field Sensors              145
      • 6.1.4.1   Introduction       145
      • 6.1.4.2   Motivation for use           146
      • 6.1.4.3   Market opportunity        148
      • 6.1.4.4   Superconducting Quantum Interference Devices (Squids)              148
        • 6.1.4.4.1               Applications       148
        • 6.1.4.4.2               Key players         151
        • 6.1.4.4.3               SWOT analysis   152
      • 6.1.4.5   Optically Pumped Magnetometers (OPMs)           153
        • 6.1.4.5.1               Applications       153
        • 6.1.4.5.2               Key players         154
        • 6.1.4.5.3               SWOT analysis   155
      • 6.1.4.6   Tunneling Magneto Resistance Sensors (TMRs)  156
        • 6.1.4.6.1               Applications       156
        • 6.1.4.6.2               Key players         157
        • 6.1.4.6.3               SWOT analysis   158
      • 6.1.4.7   Nitrogen Vacancy Centers (N-V Centers) 159
        • 6.1.4.7.1               Applications       159
        • 6.1.4.7.2               Key players         160
        • 6.1.4.7.3               SWOT analysis   161
    • 6.1.5      Quantum Gravimeters   162
      • 6.1.5.1   Technology description 162
      • 6.1.5.2   Applications       163
      • 6.1.5.3   Key players         166
      • 6.1.5.4   SWOT analysis   167
    • 6.1.6      Quantum Gyroscopes    168
      • 6.1.6.1   Technology description 168
        • 6.1.6.1.1               Inertial Measurement Units (IMUs)         169
        • 6.1.6.1.2               Atomic quantum gyroscopes      170
      • 6.1.6.2   Applications       170
      • 6.1.6.3   Key players         172
      • 6.1.6.4   SWOT analysis   173
    • 6.1.7      Quantum Image Sensors               174
      • 6.1.7.1   Technology description 174
      • 6.1.7.2   Applications       175
      • 6.1.7.3   SWOT analysis   176
      • 6.1.7.4   Key players         177
    • 6.1.8      Quantum Radar 179
      • 6.1.8.1   Technology description 179
      • 6.1.8.2   Applications       181
    • 6.1.9      Quantum chemical sensors          181
    • 6.1.10    Quantum NEM and MEMs            182
      • 6.1.10.1                Technology description 182
  • 6.2          Market and technology challenges           183

 

7              QUANTUM BATTERIES   185

  • 7.1          Technology description 185
  • 7.2          Types    186
  • 7.3          Applications       187
  • 7.4          SWOT analysis   188
  • 7.5          Market challenges           189
  • 7.6          Market players  189

 

8              MARKET ANALYSIS          190

  • 8.1          Market map for quantum technologies  190
  • 8.2          Key industry players        192
    • 8.2.1      Start-ups             192
    • 8.2.2      Tech Giants        193
    • 8.2.3      National Initiatives          194
  • 8.3          Investment funding        194
    • 8.3.1      Venture Capital 196
    • 8.3.2      M&A     197
    • 8.3.3      Corporate Investment   197
    • 8.3.4      Government Funding     198
  • 8.4          Global market revenues 2018-2034          200
    • 8.4.1      Quantum computing      200
    • 8.4.2      Other segments 201
      • 8.4.2.1   Quantum sensors            201
      • 8.4.2.2   QKD systems     202

 

9              COMPANY PROFILES       203 (215 companies)

 

10           TERMS AND DEFINITIONS             361

 

11           REFERENCES       363

 

List of Tables

  • Table 1. First and second quantum revolutions.  21
  • Table 2. Global government initiatives in quantum technologies. 25
  • Table 3.  Applications for quantum computing     28
  • Table 4. Comparison of classical versus quantum computing.        30
  • Table 5. Key quantum mechanical phenomena utilized in quantum computing.    31
  • Table 6. Types of quantum computers.   31
  • Table 7. Comparative analysis of quantum computing with classical computing, quantum-inspired computing, and neuromorphic computing.           37
  • Table 8. Different computing paradigms beyond conventional CMOS.      38
  • Table 9. Applications of quantum algorithms.      40
  • Table 10. QML approaches.         41
  • Table 11. Coherence times for different qubit implementations. 47
  • Table 12. Superconducting qubit market players.               50
  • Table 13. Initialization, manipulation and readout for trapped ion quantum computers.   54
  • Table 14. Ion trap market players.            57
  • Table 15.  Initialization, manipulation, and readout methods for silicon-spin qubits.           62
  • Table 16. Silicon spin qubits market players.        62
  • Table 17. Initialization, manipulation and readout of topological qubits.  65
  • Table 18. Topological qubits market players.        66
  • Table 19. Pros and cons of photon qubits.             68
  • Table 20. Comparison of photon polarization and squeezed states.           69
  • Table 21. Initialization, manipulation and readout of photonic platform quantum computers.       70
  • Table 22. Photonic qubit market players.               71
  • Table 23. Initialization, manipulation and readout for neutral-atom quantum computers. 74
  • Table 24. Pros and cons of cold atoms quantum computers and simulators            75
  • Table 25. Neural atom qubit market players.        75
  • Table 26. Initialization, manipulation and readout of Diamond-Defect Spin-Based Computing.      77
  • Table 27.  Key materials for developing diamond-defect spin-based quantum computers. 78
  • Table 28. Diamond-defect qubits market players.              81
  • Table 29. Pros and cons of quantum annealers.  82
  • Table 30. Quantum annealers market players.     84
  • Table 31. Quantum computing software market players. 87
  • Table 32. Market challenges in quantum computing.        91
  • Table 33. Quantum computing industry developments 2020-2023.             94
  • Table 34. Markets and applications for quantum computing.        104
  • Table 35. Market players in quantum technologies for pharmaceuticals.  107
  • Table 36. Market players in quantum computing for chemicals.   109
  • Table 37. Automotive applications of quantum computing,           109
  • Table 38. Market players in quantum computing for transportation.         112
  • Table 39. Market players in quantum computing for financial services      113
  • Table 40. Applications in quantum chemistry and artificial intelligence (AI).           115
  • Table 41. Market challenges in quantum chemistry and Artificial Intelligence (AI).              117
  • Table 42. Market players in quantum chemistry and AI.  118
  • Table 43. main types of quantum communications.           119
  • Table 44. Market players in post-quantum cryptography.              123
  • Table 45. Applications in quantum communications.        127
  • Table 46. Market challenges in quantum communications.            129
  • Table 47. Market players in quantum communications.   130
  • Table 48.  Comparison between classical and quantum sensors.  133
  • Table 49. Applications in quantum sensors.          134
  • Table 50. Technology approaches for enabling quantum sensing 136
  • Table 51. Value proposition for quantum sensors.             137
  • Table 52. Key challenges and limitations of quartz crystal clocks vs. atomic clocks.               139
  • Table 53.  New modalities being researched to improve the fractional uncertainty of atomic clocks.            141
  • Table 54. Companies developing high-precision quantum time measurement       143
  • Table 55. Key players in atomic clocks.    145
  • Table 56. Comparative analysis of key performance parameters and metrics of magnetic field sensors.     146
  • Table 57. Types of magnetic field sensors.            147
  • Table 58. Market opportunity for different types of quantum magnetic field sensors.        148
  • Table 59. Applications of SQUIDs.             148
  • Table 60. Market opportunities for SQUIDs (Superconducting Quantum Interference Devices).     150
  • Table 61. Key players in SQUIDs. 151
  • Table 62. Applications of optically pumped magnetometers (OPMs).        153
  • Table 63. Key players in Optically Pumped Magnetometers (OPMs).         154
  • Table 64. Applications for TMR (Tunneling Magnetoresistance) sensors. 157
  • Table 65. Market players in TMR (Tunneling Magnetoresistance) sensors.              157
  • Table 66. Applications of N-V center magnetic field centers           159
  • Table 67. Key players in N-V center magnetic field sensors.           160
  • Table 68. Applications of quantum gravimeters  163
  • Table 69. Comparative table between quantum gravity sensing and some other technologies commonly used for underground mapping. 163
  • Table 70. Key players in quantum gravimeters.   166
  • Table 71. Comparison of quantum gyroscopes with MEMs gyroscopes and optical gyroscopes.     168
  • Table 72. Markets and applications for quantum gyroscopes.       171
  • Table 73. Key players in quantum gyroscopes.    172
  • Table 74. Types of quantum image sensors and their key features/.          174
  • Table 75. Applications of quantum image sensors.            175
  • Table 76. Key players in quantum image sensors.               177
  • Table 77. Comparison of quantum radar versus conventional radar and lidar technologies.             180
  • Table 78. Applications of quantum radar.               181
  • Table 79. Market and technology challenges in quantum sensing.              183
  • Table 80. Comparison between quantum batteries and other conventional battery types.              185
  • Table 81. Types of quantum batteries.    186
  • Table 82. Applications of quantum batteries.       187
  • Table 83. Market challenges in quantum batteries.           189
  • Table 84. Market players in quantum batteries.  189
  • Table 85. Quantum technologies investment funding.     195
  • Table 86. Top funded quantum technology companies.  196

 

List of Figures

  • Figure 1. Quantum computing development timeline.     22
  • Figure 2.Quantum investments 2012-2022 (millions USD).             24
  • Figure 3.  National quantum initiatives and funding.         25
  • Figure 4. An early design of an IBM 7-qubit chip based on superconducting technology.   28
  • Figure 5. Various 2D to 3D chips integration techniques into chiplets.       30
  • Figure 6. IBM Q System One quantum computer.              34
  • Figure 7. Unconventional computing approaches.             39
  • Figure 8. 53-qubit Sycamore processor.  42
  • Figure 9. Interior of IBM quantum computing system. The quantum chip is located in the small dark square at center bottom.               46
  • Figure 10. Superconducting quantum computer. 48
  • Figure 11. Superconducting quantum computer schematic.          49
  • Figure 12.  Components and materials used in a superconducting qubit.  50
  • Figure 13. SWOT analysis for superconducting quantum computers:.        52
  • Figure 14. Ion-trap quantum computer. 53
  • Figure 15. Various ways to trap ions         54
  • Figure 16.  Universal Quantum’s shuttling ion architecture in their Penning traps.               55
  • Figure 17. SWOT analysis for trapped-ion quantum computing.   59
  • Figure 18. CMOS silicon spin qubit.           59
  • Figure 19. Silicon quantum dot qubits.    61
  • Figure 20. SWOT analysis for silicon spin quantum computers.     64
  • Figure 21. SWOT analysis for topological qubits  67
  • Figure 22 . SWOT analysis for photonic quantum computers.        72
  • Figure 23. Neutral atoms (green dots) arranged in various configurations 73
  • Figure 24. SWOT analysis for neutral-atom quantum computers. 76
  • Figure 25. NV center components.           77
  • Figure 26. SWOT analysis for diamond-defect quantum computers.          80
  • Figure 27. D-Wave quantum annealer.   83
  • Figure 28. SWOT analysis for quantum annealers.              84
  • Figure 29. Quantum software development platforms.   86
  • Figure 30. SWOT analysis for quantum computing.            93
  • Figure 31. Quantum computing value chain.         103
  • Figure 32. SWOT analysis for quantum chemistry and AI. 117
  • Figure 33. IDQ quantum number generators.       121
  • Figure 34. SWOT analysis for quantum communications. 129
  • Figure 35. SWOT analysis for quantum sensors market.   138
  • Figure 36. NIST's compact optical clock.  142
  • Figure 37. SWOT analysis for atomic clocks.          144
  • Figure 38.Principle of SQUID magnetometer.      150
  • Figure 39. SWOT analysis for SQUIDS.     152
  • Figure 40. SWOT analysis for OPMs          156
  • Figure 41. Tunneling magnetoresistance mechanism and TMR ratio formats.        156
  • Figure 42. SWOT analysis for TMR (Tunneling Magnetoresistance) sensors.           159
  • Figure 43. SWOT analysis for N-V Center Magnetic Field Sensors. 161
  • Figure 44. Quantum Gravimeter.              162
  • Figure 45. SWOT analysis for Quantum Gravimeters.        167
  • Figure 46. SWOT analysis for Quantum Gyroscopes.         173
  • Figure 47. SWOT analysis for Quantum image sensing.    177
  • Figure 48. Principle of quantum radar.    179
  • Figure 49. Illustration of a quantum radar prototype.       180
  • Figure 50. Schematic of the flow of energy (blue) from a source to a battery made up of multiple cells. (left)          186
  • Figure 51. SWOT analysis for quantum batteries.               188
  • Figure 52. Market map for quantum technologies industry.           191
  • Figure 53. Tech Giants quantum technologies activities.  193
  • Figure 54. Quantum Technology investment by sector, 2022.        194
  • Figure 55.  Quantum computing public and industry funding to mid-2023, millions USD.   199
  • Figure 56. Global market for quantum computing, 2023-2034 (billions USD).         200
  • Figure 57. Markets for quantum sensors, by types, 2018-2034 (Millions USD).      201
  • Figure 58. Markets for QKD systems, 2018-2034 (Millions USD).  202
  • Figure 59. Archer-EPFL spin-resonance circuit.     213
  • Figure 60.  IBM Q System One quantum computer.           244
  • Figure 61. ColdQuanta Quantum Core (left), Physics Station (middle) and the atoms control chip (right).   248
  • Figure 62.  Intel Tunnel Falls 12-qubit chip.           250
  • Figure 63. IonQ's ion trap              251
  • Figure 64. 20-qubit quantum computer. 253
  • Figure 65. Maybell Big Fridge.     262
  • Figure 66. PsiQuantum’s modularized quantum computing system networks.       285
  • Figure 67. SemiQ first chip prototype.     338
  • Figure 68. Toshiba QKD Development Timeline. 349
  • Figure 69. Toshiba Quantum Key Distribution technology.             350

 

 

The Global Market for Quantum Technologies 2024-2034
The Global Market for Quantum Technologies 2024-2034
PDF download/by email.
Price: £1,000.00

The Global Market for Quantum Technologies 2024-2034
The Global Market for Quantum Technologies 2024-2034
PDF and print edition (including tracked delivery).
Price: £1,050.00

Payment methods: Visa, Mastercard, American Express, Paypal, Bank Transfer. 

To purchase by invoice (bank transfer) contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.

 

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