Europe Quantum Technology Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Quantum Sensing, Quantum Communication, and Quantum Computing), End Users (BFSI, Aerospace and Defense

The Europe quantum technology market size was valued at US$ 476.27 million in 2024 and is projected to reach US$ 1960.04 million by 2031; it is expected to grow at a CAGR of 23.0% during 2025–2031.

Strong government funding and strategic initiatives foster coherent policy direction, nurturing research ecosystems, and enabling commercialization pathways. These efforts provide the financial support and coordinated policy framework needed to accelerate innovation, commercialization, and global competitiveness. Public investment and national strategies reduce risk for private players, attract talent, and build essential infrastructure. Individual national strategies reinforce and expand this momentum.

Spain’s first Quantum Technologies Strategy 2025–2030 integrates public funds from EU recovery plans with national priorities to promote quantum communications hubs and research capacity. Finland has paired government grants with entrepreneurial support to build scalable quantum processors through public–private collaboration. Across the continent, coordinated frameworks—such as the Quantum Europe strategy and plans for a Quantum Act—aim to harmonize further investment, skills development, infrastructure, and regulation.

Europe’s long-term investment frameworks, such as the EU Quantum Technologies Flagship launched in 2018, provide sustained public resources and collaboration platforms that underpin research excellence and innovation scaling across quantum computing, communication, sensing, and simulation. Originally launched with a projected €1 billion (US$1.17 billion) budget over ten years, this flagship initiative continues to coordinate cross-border research and transform lab-level breakthroughs into applied technologies. In 2023, the early results from the Flagship’s first phase highlighted tangible outcomes. The initiative supported 24 quantum projects across 31 countries, led to the founding of approximately 25 startups, and stimulated more than 100 patent filings, signalling how public funding accelerates both scientific output and entrepreneurial activity in Europe’s quantum ecosystem.

In 2024, new EU-funded research efforts such as the SPINUS project advanced quantum simulation and computing platforms targeting scalable systems, underscoring how European funding translates into technical progress and future technology capacity. By 2025, strategic policymaking sharpened further with the launch of the EU’s Quantum Europe Strategy, setting a concrete blueprint to make Europe a global quantum powerhouse by 2030 through targeted initiatives in research, infrastructure, skills, and industrial scale-up. This strategy includes actions such as pilot facilities for quantum internet, quantum chip design lines, and competence clusters to integrate public funding with ecosystem development. These developments show how strong EU and national government funding and initiatives are driving research breakthroughs, attracting private investment, and accelerating the growth of Europe’s quantum technology market.

Strong federal support, world-class research institutions, and deep industrial integration define Germany’s quantum technology landscape. The country has longstanding expertise in physics and engineering, anchored by institutions such as the Max Planck Society and Fraunhofer Institutes, which drive breakthroughs in quantum computing, sensors, and communication. Germany’s ecosystem emphasizes collaboration between universities, startups, and established firms in automotive, manufacturing, and telecommunications, accelerating the translation of quantum research to commercial applications.

A significant growth driver is government funding for national quantum initiatives that encourage ecosystem networking and infrastructure build-out. Industry demand for next-generation computing and secure communication is also propelling investments in quantum hardware and software. In June 2023, Germany participated with other EU states in the EuroHPC JU programme, selecting sites for hosting quantum computers across Europe, including Joliot-Curie (France) and Germany, marking its integration into pan-European quantum infrastructure planning. Also, Germany is part of a trilateral quantum initiative with France and the Netherlands, launching collaborative quantum research projects across computing, communication, and sensing, engaging German institutes and companies in cross-border development. Cross-border research partnerships and participation in EU quantum programs further reinforce growth, enabling knowledge exchange and opening global commercial opportunities.

Amazon.com Inc, Alphabet Inc, International Business Machines Corp, Microsoft Corp, D-Wave Quantum Inc, TOSHIBA CORPORATION, Intel Corp, Accenture Plc, Riverlane Ltd, and Multiverse Computing SL. are among the key Europe quantum technology market players that are profiled in this market study.

The overall Europe quantum technology market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe quantum technology market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the distributed antenna system (DAS) market.

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