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DATE
MAY 2021
TABLES
68
PAGES
493
EDITION
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USD 4950
CODE
MCP14309
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HIGHLIGHTS & REPORT INDEX
Amid the COVID-19 crisis, 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. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optimization segment is readjusted to a revised 24.5% CAGR for the next 7-year period.
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.
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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46.9 Million by the year 2027.
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
| 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 |
| 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 |
| 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 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| World 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 2020 & 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| Market Overview |
| Heavy Investments by Private Companies to Accelerate Market Growth |
| USA 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 2020 & 2027 |
| USA 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 2020 & 2027 |
| CANADA |
| Canada 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 2020 & 2027 |
| Canada 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 2020 & 2027 |
| JAPAN |
| Market Overview |
| Japan 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 2020 & 2027 |
| Japan 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 2020 & 2027 |
| CHINA |
| Market Overview |
| China 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 2020 & 2027 |
| China 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 2020 & 2027 |
| EUROPE |
| Strong R&D Focus Strengthens Market Prospects |
| Quantum Initiatives in the European Region |
| Europe 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 2020 & 2027 |
| Europe 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 2020 & 2027 |
| Europe 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 2020 & 2027 |
| FRANCE |
| France 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 2020 & 2027 |
| France 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 2020 & 2027 |
| GERMANY |
| Germany 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 2020 & 2027 |
| Germany 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 2020 & 2027 |
| ITALY |
| Italy 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 2020 & 2027 |
| Italy 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 2020 & 2027 |
| UNITED KINGDOM |
| UK 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 2020 & 2027 |
| UK 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 2020 & 2027 |
| REST OF EUROPE |
| Rest of Europe 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 2020 & 2027 |
| Rest of Europe 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 2020 & 2027 |
| ASIA-PACIFIC |
| Asia-Pacific 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 2020 & 2027 |
| Asia-Pacific 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 2020 & 2027 |
| REST OF WORLD |
| Rest of World 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 2020 & 2027 |
| Rest of World 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 2020 & 2027 |
| IV. COMPETITION |
| Total Companies Profiled: 111 |
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