Quantum Computing

Quantum Computing

Global Quantum Computing Market to Reach $513.4 Million by 2027

In the changed post COVID-19 business landscape, the global market for Quantum Computing estimated at US$112.6 Million in the year 2020, is projected to reach a revised size of US$513.4 Million by 2027, growing at a CAGR of 24.2% over the analysis period 2020-2027. Material Simulation, one of the segments analyzed in the report, is projected to record a 25.2% CAGR and reach US$227.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Optimization segment is readjusted to a revised 24.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $53.4 Million, While China is Forecast to Grow at 27.2% CAGR

The Quantum Computing market in the U.S. is estimated at US$53.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$68.8 Million by the year 2027 trailing a CAGR of 27.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18% and 22.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 22.4% CAGR.Other Applications Segment to Record 21.8% CAGR

In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 21.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$22.9 Million in the year 2020 will reach a projected size of US$91.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 111 Featured) -

  • 1QB Information Technologies Inc
  • Accenture plc
  • AnyonSystem, Inc
  • Atom Computing Inc
  • Cambridge Quantum Computing Ltd
  • D-Wave Systems Inc
  • Evolutionq Inc
  • Fraunhofer Institute for Applied Solid State Physics IAF
  • Fujitsu Limited
  • Google Inc
  • Hewlett Packard Enterprise (HP)
  • Hitachi Ltd
  • Honeywell International, Inc
  • ID Quantique
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • IonQ
  • Inc
  • Magiq Technologies Inc
  • Microsoft Corporation
  • Nippon Telegraph And Telephone Corporation (NTT)
  • Northrop Grumman Corporation
  • QbitLogic Inc
  • QC Ware Corp
  • Quantica Computacao
  • Quantum Circuits
  • Inc
  • Qubitekk, Inc
  • Quintessence Labs
  • Rigetti Computing
  • River Lane Research
  • Toshiba Corporation
  • Xanadu
  • Zapata Computing, Inc
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
An Introduction to Quantum Computing: Innovative Concept to Reset the Realm of Computing Power
Merits of Quantum Computing
Taking a Quantum Leap with Increasing R&D Funding: Market Overview and Outlook
World Quantum Computing Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Space & Defense, Transportation, Healthcare, Banking & Finance, and Other End-Uses
Analysis by Application: Material Simulation Occupies Major Share of Quantum Computing Market
World Quantum Computing Market by Application (2020 & 2027): Percentage Breakdown of Revenues for Material Simulation, Optimization, and Other Applications
Regional Analysis: United States Leads the Quantum Computing Market
World Quantum Computing Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
World Quantum Computing Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Canada, Europe, Rest of World and Japan
Competitive Landscape: Leading Innovators and Investors in Quantum Computing Domain
Recent Market Activity
Select Innovations
Quantum Computing – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
WORLD BRANDS
3. MARKET TRENDS & DRIVERS
Space & Defense: Largest End-Use Sector
Current Slowdown in Defense Spending Impacts Market
Expected Military Budget Cuts Emerges as a Setback for Quantum Computing in Defense Applications: UK & Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
Transportation Sector: Fastest Growing Sector
Sluggish Trend in Automotive & Aviation Sectors Hampers Current Prospects
Global Airlines Performance by Region: 2020 Vs 2019
Expected Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
Reduction in Automotive Demand in 2020 (In Million Vehicles)
World Automobile Production in Million Units: 2008-2022
Quantum Computers Exude Potential to Help Healthcare & Lifesciences Communities
World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023
Quantum Computing Set to Transform Finance & Banking Landscape with Remarkable Processing Power
Quantum Computing Presents New Paradigm to Optimize Energy Infrastructure
Global Primary Energy Consumption (Billion Toe): Growth Trajectory for the Period 1990-2040
Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Quantum Computing Holds Significant Ramifications for Chemical Industry
Quantum Computing to Hold Fundamental Role in Delivery of Quality IoT Services
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
Quantum Cryptography Elevates the Overall Momentum in Quantum Computing
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Quantum Computing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Quantum Computing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
TABLE 3: World Recent Past, Current & Future Analysis for Material Simulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Material Simulation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 5: World Recent Past, Current & Future Analysis for Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 9: World Recent Past, Current & Future Analysis for Space & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 10: World 7-Year Perspective for Space & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 11: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 12: World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 13: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 14: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 15: World Recent Past, Current & Future Analysis for Banking & Finance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 16: World 7-Year Perspective for Banking & Finance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 17: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 18: World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
Market Overview
Heavy Investments by Private Companies to Accelerate Market Growth
TABLE 19: USA Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 20: USA 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 21: USA Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 22: USA 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
CANADA
TABLE 23: Canada Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 24: Canada 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 25: Canada Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 26: Canada 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
JAPAN
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Market Overview
TABLE 27: Japan Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 28: Japan 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 29: Japan Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 30: Japan 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
CHINA
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Market Overview
TABLE 31: China Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 32: China 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 33: China Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 34: China 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
EUROPE
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Strong R&D Focus Strengthens Market Prospects
Quantum Initiatives in the European Region
TABLE 35: Europe Recent Past, Current & Future Analysis for Quantum Computing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 36: Europe 7-Year Perspective for Quantum Computing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
TABLE 37: Europe Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 38: Europe 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 39: Europe Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 40: Europe 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
FRANCE
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 41: France Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 42: France 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 43: France Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 44: France 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
GERMANY
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 45: Germany Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 46: Germany 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 47: Germany Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 48: Germany 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
ITALY
TABLE 49: Italy Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 50: Italy 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 51: Italy Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 52: Italy 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
UNITED KINGDOM
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 53: UK Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 54: UK 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 55: UK Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 56: UK 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
REST OF EUROPE
TABLE 57: Rest of Europe Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 58: Rest of Europe 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 59: Rest of Europe Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 60: Rest of Europe 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
ASIA-PACIFIC
Quantum Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
TABLE 61: Asia-Pacific Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 62: Asia-Pacific 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 63: Asia-Pacific Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 64: Asia-Pacific 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
REST OF WORLD
TABLE 65: Rest of World Recent Past, Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 66: Rest of World 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2021 & 2027
TABLE 67: Rest of World Recent Past, Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 68: Rest of World 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 111

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