Quantum Computing

World Market Report

MCP14309

EXECUTIVE ENGAGEMENTS

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43233
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

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3234
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VALIDATIONS

102
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DATE

JAN 2023

TABLES

68

PAGES

493

EDITION

9

PRICE

USD 4950

CODE

MCP14309


COMPETITIVE METRICS

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(S/A/N/T)

%

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HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

» Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

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 PLAYERS

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

SEGMENTS

» Application (Material Simulation, Optimization, Other Applications) » End-Use (Space & Defense, Transportation, Healthcare, Banking & Finance, Other End-Uses)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

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
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: World Quantum Computing Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: Global Airlines Performance by Region: 2020 Vs 2019
EXHIBIT: Expected Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
EXHIBIT: Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
EXHIBIT: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
EXHIBIT: Reduction in Automotive Demand in 2020 (In Million Vehicles)
EXHIBIT: World Automobile Production in Million Units: 2008-2022
Quantum Computers Exude Potential to Help Healthcare & Lifesciences Communities
EXHIBIT: 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
EXHIBIT: Global Primary Energy Consumption (Billion Toe): Growth Trajectory for the Period 1990-2040
EXHIBIT: 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
EXHIBIT: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
EXHIBIT: 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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)
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
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
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
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)
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
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
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
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
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
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
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
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)
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
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
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
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
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
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
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
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)
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
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
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
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
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
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
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
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

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