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.
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 market for quantum technologies is segmented based on technology, products, end-user, and geography. Among the technology, 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. Among 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. Among the application, 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, 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 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, North America accounted for the largest revenue in 2021 and is expected to grow at a high double digit CAGR from 2021 to 2030. Europe is expected to grow at a high double digit CAGR from 2021 to 2030.
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).
