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Global Quantum Photonics Market Size study & Forecast, by Offering (Systems, Services) By Application (Quantum Computing, Quantum Sensing and Metrology, Quantum Communication) By Verticals (Banking and Finance, Space and Defense, Healthcare, Transportation and Logistics, Government, Others) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: GEA4827436EBEN
Bizwit Research & Consulting LLP

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Global Quantum Photonics Market is valued approximately at USD 0.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 33.2% over the forecast period 2023-2030. Quantum Photonics refers to the study and application of quantum phenomena involving light particles, known as photons, within the field of quantum information science and technology. Quantum photonics leverages the principles of quantum mechanics to manipulate and control individual photons for the purpose of quantum computation, communication, and sensing. The Quantum Photonics market is expanding because of factors such as rising adoption of quantum technology and growing demand for high-performance computing. As a result, the demand of Quantum Photonics has progressively increased in the international market during the forecast period 2023-2030.

Quantum photonics is a fundamental component in quantum computing systems, which leverage the principles of quantum mechanics to perform complex computations. As the demand for more powerful and scalable quantum computers increases, so does the need for advanced quantum photonics devices that can manipulate and control quantum bits. According to Statista, the markets for quantum computing is projected to be the major contributor to the market for quantum technologies, and is projected to reach up to USD 93 billion by 2040. Another important factor driving the Quantum Photonics market is increasing demand for high-performance computing. High-performance computing is essential for solving complex problems that classical computers struggle with. Quantum computers, relying on quantum photonics, have the potential to outperform classical computers in solving certain types of complex problems, such as optimization, simulation, and cryptography. The demand for more powerful computing solutions drives the interest and investment in quantum photonics technologies. In addition, as per Statista, the high-performance computing (HPC) market accounts USD 35 billion in 2023 and revenues are expected to reach USD 40 billion by the year 2026. Moreover, advancements in quantum communications and growing R&D and investments in quantum photonics computing is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, lack of standardization in quantum photonics and regulatory challenges is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Quantum Photonics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the development of quantum computers and associated technologies in the region. Quantum photonics plays a crucial role in the development of quantum gates and circuits, which are the building blocks of quantum processors. The precise control and manipulation of quantum states in photons are essential for the implementation of quantum algorithms and computations. The region’s dominant performance is anticipated to propel the overall demand of Quantum Photonics. Furthermore, Asia Pacific is expected to grow at the fastest growth rate during the forecast period, owing to factors such as strong industrial base, which specializes in semiconductor production and telecommunications in the region. Telecommunications heavily rely on high-frequency electronics, and a strong industrial base in this sector brings expertise in dealing with signals at the quantum level. This experience is valuable for developing quantum communication devices and incorporating quantum technologies into existing telecommunications infrastructure.

Major market player included in this report are:

Quix Quantum B.V.

ID Quantique SA

PsiQuantum Technologies, Inc

Toshiba Corporation

Xanadu Inc

MagiQ Technologies, Inc

Quandela Inc

Tundra Systems Global Ltd

ORCA Computing Limited

International Business Machines Corporation

Recent Developments in the Market:
  • Recent development - NA
Global Quantum Photonics Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Offering, Application, Verticals, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering

Systems

Services

By Application

Quantum Computing

Quantum Sensing and Metrology

Quantum Communication

By Verticals

Banking and Finance

Space and Defense

Healthcare

Transportation and Logistics

Government

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Quantum Photonics Market, by region, 2020-2030 (USD Billion)
  1.2.2. Quantum Photonics Market, by Offering, 2020-2030 (USD Billion)
  1.2.3. Quantum Photonics Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Quantum Photonics Market, by Verticals, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL QUANTUM PHOTONICS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL QUANTUM PHOTONICS MARKET DYNAMICS

3.1. Quantum Photonics Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising adoption of quantum technology
    3.1.1.2. Growing demand for high-performance computing
  3.1.2. Market Challenges
    3.1.2.1. Lack of standardization in quantum photonics
    3.1.2.2. Regulatory challenges
  3.1.3. Market Opportunities
    3.1.3.1. Advancement in quantum communications
    3.1.3.2. Growing R&D and investments in quantum photonics computing

CHAPTER 4. GLOBAL QUANTUM PHOTONICS MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL QUANTUM PHOTONICS MARKET, BY OFFERING

5.1. Market Snapshot
5.2. Global Quantum Photonics Market by Offering, Performance - Potential Analysis
5.3. Global Quantum Photonics Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Quantum Photonics Market, Sub Segment Analysis
  5.4.1. Systems
  5.4.2. Services

CHAPTER 6. GLOBAL QUANTUM PHOTONICS MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Quantum Photonics Market by Application, Performance - Potential Analysis
6.3. Global Quantum Photonics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Quantum Photonics Market, Sub Segment Analysis
  6.4.1. Quantum Computing
  6.4.2. Quantum Sensing and Metrology
  6.4.3. Quantum Communication

CHAPTER 7. GLOBAL QUANTUM PHOTONICS MARKET, BY VERTICALS

7.1. Market Snapshot
7.2. Global Quantum Photonics Market by Verticals, Performance - Potential Analysis
7.3. Global Quantum Photonics Market Estimates & Forecasts by Verticals 2020-2030 (USD Billion)
7.4. Quantum Photonics Market, Sub Segment Analysis
  7.4.1. Banking and Finance
  7.4.2. Space and Defense
  7.4.3. Healthcare
  7.4.4. Transportation and Logistics
  7.4.5. Government
  7.4.6. Others

CHAPTER 8. GLOBAL QUANTUM PHOTONICS MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Quantum Photonics Market, Regional Market Snapshot
8.4. North America Quantum Photonics Market
  8.4.1. U.S. Quantum Photonics Market
    8.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Verticals breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Quantum Photonics Market
8.5. Europe Quantum Photonics Market Snapshot
  8.5.1. U.K. Quantum Photonics Market
  8.5.2. Germany Quantum Photonics Market
  8.5.3. France Quantum Photonics Market
  8.5.4. Spain Quantum Photonics Market
  8.5.5. Italy Quantum Photonics Market
  8.5.6. Rest of Europe Quantum Photonics Market
8.6. Asia-Pacific Quantum Photonics Market Snapshot
  8.6.1. China Quantum Photonics Market
  8.6.2. India Quantum Photonics Market
  8.6.3. Japan Quantum Photonics Market
  8.6.4. Australia Quantum Photonics Market
  8.6.5. South Korea Quantum Photonics Market
  8.6.6. Rest of Asia Pacific Quantum Photonics Market
8.7. Latin America Quantum Photonics Market Snapshot
  8.7.1. Brazil Quantum Photonics Market
  8.7.2. Mexico Quantum Photonics Market
8.8. Middle East & Africa Quantum Photonics Market
  8.8.1. Saudi Arabia Quantum Photonics Market
  8.8.2. South Africa Quantum Photonics Market
  8.8.3. Rest of Middle East & Africa Quantum Photonics Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Quix Quantum B.V.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. ID Quantique SA
  9.3.3. PsiQuantum Technologies, Inc
  9.3.4. Toshiba Corporation
  9.3.5. Xanadu Inc
  9.3.6. MagiQ Technologies, Inc
  9.3.7. Quandela Inc
  9.3.8. Tundra Systems Global Ltd
  9.3.9. ORCA Computing Limited
  9.3.10. International Business Machines Corporation

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Quantum Photonics Market, report scope
TABLE 2. Global Quantum Photonics Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Quantum Photonics Market estimates & forecasts by Offering 2020-2030 (USD Billion)
TABLE 4. Global Quantum Photonics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Quantum Photonics Market estimates & forecasts by Verticals 2020-2030 (USD Billion)
TABLE 6. Global Quantum Photonics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Quantum Photonics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Quantum Photonics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Quantum Photonics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Quantum Photonics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Quantum Photonics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Quantum Photonics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Quantum Photonics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Quantum Photonics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Quantum Photonics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Quantum Photonics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Quantum Photonics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Quantum Photonics Market
TABLE 71. List of primary sources, used in the study of global Quantum Photonics Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Quantum Photonics Market, research methodology
FIG 2. Global Quantum Photonics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Quantum Photonics Market, key trends 2022
FIG 5. Global Quantum Photonics Market, growth prospects 2023-2030
FIG 6. Global Quantum Photonics Market, porters 5 force model
FIG 7. Global Quantum Photonics Market, pest analysis
FIG 8. Global Quantum Photonics Market, value chain analysis
FIG 9. Global Quantum Photonics Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Quantum Photonics Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Quantum Photonics Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Quantum Photonics Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Quantum Photonics Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Quantum Photonics Market, regional snapshot 2020 & 2030
FIG 15. North America Quantum Photonics Market 2020 & 2030 (USD Billion)
FIG 16. Europe Quantum Photonics Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Quantum Photonics Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Quantum Photonics Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Quantum Photonics Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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