quantum photonics Market

quantum photonics Market Size, Share, Growth Analysis, By Offering(Systems, Services), By Application(Quantum Communication, Quantum Random Generators), By Vertical(Space & Defense, Banking & Finance), By Region(North America, US) - Industry Forecast 2024-2031

Report ID: UCMIG45K2072 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

quantum photonics Market Insights

Market Overview:

The market for quantum photonics is expected to rise from USD 0.4 billion in 2023 to USD 3.3 billion by 2030, expanding at a CAGR of 32.2% between 2023 and 2030. The growing demand for secure communication in quantum photonics is being driven by the need for more dependable and secure communication systems at a time of increased cyber threats. Traditional communication systems based on classical cryptography are vulnerable to hacking and eavesdropping, but quantum computing offers a workable solution to these security problems.

quantum photonics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Components by segment aggregation, the contribution of the Electronic Components in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The quantum photonics Market is segmented by Offering, Application, Vertical, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

quantum photonics Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Offering the market is segmented as, Systems, Services
  • Based on Application the market is segmented as, Quantum Communication, Quantum Random Generators, Quantum Key Distribution, Quantum Computing, Quantum Sensing & Metrology, Atomic Clock, PAR (Photosynthetically Active Radiation) quantum sensors, Quantom Dot Photodetector, Quantum LiDar
  • Based on Vertical the market is segmented as, Space & Defense, Banking & Finance, Healthcare & Pharmaceutical, Transportation & Logistics, Government, Agriculture & Environment, Others
  • Based on Region the market is segmented as, North America, US, Canada, Mexico, Europe, Germany, UK, France, the Netherland, Rest of Europe, Asia Pacific (APAC), China, Japan, South Korea, Rest of Asia Pacific, Rest of the World (RoW), Middle East & Africa, South America, KEY MARKET PLAYERS, Toshiba (Japan), Xanadu, Quandela, ID Quantique, ORCA Computing, PsiQuantum, TundraSystems, Quix Quantum, Nordic Quantum Computing Group, Thorlabs, AOSense, Single Quantum, Qubitekk, QuintessenceLabs, NTT Technologies, NEC, M Squared, CryptaLabs, Nu Quantum, Microchip Technology, Amazon Web Services (AWS), QuantumXchange, Quantum Dice, Menlo Systems, QUSIDE

Regional Analysis:

quantum photonics Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

quantum photonics Market Attractiveness Analysis, By Region 2020-2028
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quantum photonics Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on quantum photonics Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect quantum photonics Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key quantum photonics Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the quantum photonics Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • tonics market size is projected to grow from USD 0.4 billion in 2023 and is anticipated to USD 3.3 billion by 2030, growing at a CAGR of 32.2% from 2023 to 2030.
  • Rising demand for secure communication and growing investment in quantum photonics computing to drive market growth during the forecast period. Factors such as growing R&D and investments in quantum photonics computing provides market growth opportunities for market.
  • Quantum Photonics Market Dynamics
  • Driver: Rising demand for secure communication
  • The need for more reliable and secure communication systems at a time of rising cyber threats is driving the rising need for secure communication in quantum photonics. Classical cryptography-based traditional communication systems are susceptible to hacking and eavesdropping, but quantum computing presents a viable answer to these security issues. Quantum cryptography, which is founded on the fundamental ideas of quantum mechanics, is used in quantum photonics to provide very secure communication. Quantum cryptography is very resistant to hacking and eavesdropping because it harnesses the characteristics of quantum states to encrypt and transfer information.
  • For instance, two parties can create a shared secret key using photons in quantum key distribution (QKD), which can then be used to encrypt and decode data. The safety of QKD is predicated on the fact that any effort to measure or intercept the photons will invariably cause them to lose their quantum states, alerting the parties to the presence of an observer. There is an increasing demand for highly secure communication systems that can guard against hacking and eavesdropping as the volume and sensitivity of digital communication continue to expand. In the future of secure communication, quantum photonics is anticipated to play a significant role and offers a possible solution to this problem.
  • Multiple factors that contribute the necessity for secure communication in quantum photonics, including Protection against cyber threats, Global connectivity, High-security applications, Legal requirements. Overall, the demand for secure communication in quantum photonics market is driven by the need for protection against cyber threats, the need for high-security applications, the need for global connectivity, and legal requirements. As the demand for secure communication continues to grow, it is expected that the market for quantum photonics will continue to expand.
  • In April 2022, British Telecommunications (UK) and Toshiba (Japan) launched the first commercial testing of quantum encrypted communication services. BT, Toshiba, and EY (UK) have started a trial of the world's first commercial quantum-secured metro network. The infrastructure was able to connect a large number of clients across London, allowing them to secure the transmission of vital data and information between different physical locations utilizing quantum key distribution (QKD) over regular fiber optic cables. QKD is an essential technology that plays a critical role in defending networks and data from the rising threat of quantum computing-based cyber-attacks. The London network is an important step toward the UK government's goal of becoming a quantum-enabled economy.
  • Restraint: Regulatory challenges can hinder quantum photonics adoption and commercialization
  • Regulations can be a significant obstacle for companies seeking to develop and commercialize quantum photonics technology. These regulations can come from a variety of sources, such as data privacy, intellectual property, export controls, safety regulations, and standards and interoperability. For example, strict data privacy regulations in finance and healthcare may require additional security measures to comply, while patent disputes and licensing agreements can add complexity and cost to development. Export controls and safety regulations may also delay deployment. Also, establishing new standards and interoperability with existing technologies can add further complexity and time to the development process. Companies need to work with regulatory bodies and stakeholders to ensure compliance and navigate these challenges, which can slow down the adoption and commercialization of quantum photonics computing technology.
  • Opportunity: Advancements in quantum communications
  • Researchers working on quantum communication are concentrating on creating safe communication protocols that make advantage of entanglement and superposition. Quantum key distribution, which enables the safe exchange of cryptographic keys between two parties, is one of the most promising uses of quantum communication.
  • Researchers are aiming to create quantum computers that employ photonic qubits (quantum bits) rather than conventional electrical qubits in quantum photonics computing. In comparison to electrical qubits, photonic qubits offer a number of benefits, such as the capacity to travel across great distances without suffering substantial information loss and their comparatively simple manipulation.
  • The demonstration of large-scale integrated photonic circuits for processing quantum information, such as the development of a 100-qubit photonic chip by researchers at the University of Bristol, are recent developments in quantum photonics computing. The development of effective photon sources and detectors for use in quantum photonics computing systems has also advanced. Several companies are actively working an advancements in the field of quantum photonics, which include PsiQuantum (US), Xanadu (Canada), Toshiba (Japan), etc. These are only a few instances of businesses engaged in developments in the area of quantum photonics computing. Numerous other businesses and university research teams are also making important contributions to this fascinating topic.
  • Challenge: Experimental constraints in quantum photonics computing
  • Quantum photonics computing is a new area of study that intends to employ photons, which are light particles, to carry and analyze quantum information. While this technology has the potential to revolutionize computing, various obstacles must be overcome before it can be implemented in practice. The area of quantum photonics computing has recently experienced various hurdles that have hindered its development toward practical applications. Experimental constraints provide a substantial hurdle to quantum photonics. Although theoretical models and methods for quantum photonics computing have been established, implementing them in actual devices remains a significant issue due to experimental constraints. Some of these challenges include high error rates, scaling up quantum photonics computing systems, maintaining the coherence of qubits which are the basic building blocks of quantum computers, detection and measurement of photonic qubits.
  • Quantum Photonics Market Ecosystem
  • The quantum photonics market is highly competitive. It is marked by the presence of a few tier-1 companies, such as Toshiba (Japan), Xanadu (Canada), Quandela (France), and ID Quantique (Switzerland).These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable quantum photonics solutions.
  • Systems segment to register highest CAGR during forecast period
  • During the forecast period, the systems segment is expected to experience the highest growth rate and hold the largest market share in the quantum photonics market. The systems segment is likely to hold the largest share of the market during the forecast period. This segment has witnessed rapid growth due to advanced hardware technology and a rise indemand across industries. Companies such as Xanadu (Canada) and Quandela (France) have introduced high-performance quantum photonics hardware, making the technology accessible and beneficial for various applications such as cryptography, machine learning, and optimization.
  • Quantum communications segment to hold the largest market share during forecast period
  • The quantum communications segment within the quantum photonics market is anticipated to witness substantial growth during the forecast period. Quantum communications involve the transfer of quantum information using photons between quantum devices such as quantum computers or sensors. It uses quantum key distribution (QKD) and quantum random number generation to provide robust security against spying or hacking. These technologies have potential applications in the military, government, and healthcare, where secure communication is vital.
  • Transportation & logistics segment is expected to grow at the highest CAGR quantum photonics market during the forecast period
  • The transportation & logistics segment market is projected to grow at the fastest CAGR during the forecast period. Factors driving this growth include the ability of quantum computing to optimize logistical operations such as route planning and supply chain management, resulting in cost savings and faster delivery times. Quantum sensors provide real-time environmental data for better decision-making, while advancements in quantum technologies promise innovative solutions for transportation system design.
  • North America by region to hold the larger share during the forecast period
  • North America plays an important role in the development and commercialization of quantum photonics computer technologies. Several leading quantum computing companies, research institutions, and universities are located in the region, driving innovation in the field. PsiQuantum (US), Xanadu (Canada), AOsense (US), and Quantum Xchange (US) are some of the companies catering to this market in North America. The development of quantum computers and associated technologies is one of the primary ways North America contributes to the quantum photonics business.
  • Recent Developments
  • In March 2023, CryptoNext Security (France), and Quandela (France) partnered to develop an integrated solution for securing post-quantum communication protocols. The solution leverages their expertise in quantum computing and post-quantum cryptography remediation. They aim to offer a fully integrated quantum-safe solution to secure sensitive data transfer in various industries, including defense, finance, manufacturing, energy, automotive, and digital services.
  • In October 2022, Quandela (France) partnered with the Electronics and Information Technology Laboratory of the French Atomic Energy Commission (CEA-Leti) to manufacture a high-performance photonic chip entirely in France.
  • In June 2022, Xanadu launched Borealis, a photonic-based quantum computer. According to Xanadu, it is the world’s largest photonic quantum computer with 216 squeezed-state qubits. Xanadu claims to achieve the quantum advantage due to Borealis’ capability of performing a task in 36 microseconds which would take more than 9,000 years for a supercomputer.
  • KEY MARKET SEGMENTS
  • By Offering
  • Systems
  • Services
  • By Application
  • Quantum Communication
  • Quantum Random Generators
  • Quantum Key Distribution
  • Quantum Computing
  • Quantum Sensing & Metrology
  • Atomic Clock
  • PAR (Photosynthetically Active Radiation) quantum sensors
  • Quantom Dot Photodetector
  • Quantum LiDar
  • By Vertical
  • Space & Defense
  • Banking & Finance
  • Healthcare & Pharmaceutical
  • Transportation & Logistics
  • Government
  • Agriculture & Environment
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • the Netherland
  • Rest of Europe
  • Asia Pacific (APAC)
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East & Africa
  • South America
  • KEY MARKET PLAYERS
  • Toshiba (Japan), Xanadu
  • Quandela
  • ID Quantique
  • ORCA Computing
  • PsiQuantum
  • TundraSystems
  • Quix Quantum
  • Nordic Quantum Computing Group
  • Thorlabs
  • AOSense
  • Single Quantum
  • Qubitekk
  • QuintessenceLabs
  • NTT Technologies
  • NEC
  • M Squared
  • CryptaLabs
  • Nu Quantum
  • Microchip Technology
  • Amazon Web Services (AWS)
  • QuantumXchange
  • Quantum Dice
  • Menlo Systems
  • QUSIDE

SkyQuest's Expertise:

The quantum photonics Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Offering - Systems, Services
  • By Application - Quantum Communication, Quantum Random Generators, Quantum Key Distribution, Quantum Computing, Quantum Sensing & Metrology, Atomic Clock, PAR (Photosynthetically Active Radiation) quantum sensors, Quantom Dot Photodetector, Quantum LiDar
  • By Vertical - Space & Defense, Banking & Finance, Healthcare & Pharmaceutical, Transportation & Logistics, Government, Agriculture & Environment, Others
  • By Region - North America, US, Canada, Mexico, Europe, Germany, UK, France, the Netherland, Rest of Europe, Asia Pacific (APAC), China, Japan, South Korea, Rest of Asia Pacific, Rest of the World (RoW), Middle East & Africa, South America, KEY MARKET PLAYERS, Toshiba (Japan), Xanadu, Quandela, ID Quantique, ORCA Computing, PsiQuantum, TundraSystems, Quix Quantum, Nordic Quantum Computing Group, Thorlabs, AOSense, Single Quantum, Qubitekk, QuintessenceLabs, NTT Technologies, NEC, M Squared, CryptaLabs, Nu Quantum, Microchip Technology, Amazon Web Services (AWS), QuantumXchange, Quantum Dice, Menlo Systems, QUSIDE
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • tonics market size is projected to grow from USD 0.4 billion in 2023 and is anticipated to USD 3.3 billion by 2030, growing at a CAGR of 32.2% from 2023 to 2030.
  • Rising demand for secure communication and growing investment in quantum photonics computing to drive market growth during the forecast period. Factors such as growing R&D and investments in quantum photonics computing provides market growth opportunities for market.
  • Quantum Photonics Market Dynamics
  • Driver: Rising demand for secure communication
  • The need for more reliable and secure communication systems at a time of rising cyber threats is driving the rising need for secure communication in quantum photonics. Classical cryptography-based traditional communication systems are susceptible to hacking and eavesdropping, but quantum computing presents a viable answer to these security issues. Quantum cryptography, which is founded on the fundamental ideas of quantum mechanics, is used in quantum photonics to provide very secure communication. Quantum cryptography is very resistant to hacking and eavesdropping because it harnesses the characteristics of quantum states to encrypt and transfer information.
  • For instance, two parties can create a shared secret key using photons in quantum key distribution (QKD), which can then be used to encrypt and decode data. The safety of QKD is predicated on the fact that any effort to measure or intercept the photons will invariably cause them to lose their quantum states, alerting the parties to the presence of an observer. There is an increasing demand for highly secure communication systems that can guard against hacking and eavesdropping as the volume and sensitivity of digital communication continue to expand. In the future of secure communication, quantum photonics is anticipated to play a significant role and offers a possible solution to this problem.
  • Multiple factors that contribute the necessity for secure communication in quantum photonics, including Protection against cyber threats, Global connectivity, High-security applications, Legal requirements. Overall, the demand for secure communication in quantum photonics market is driven by the need for protection against cyber threats, the need for high-security applications, the need for global connectivity, and legal requirements. As the demand for secure communication continues to grow, it is expected that the market for quantum photonics will continue to expand.
  • In April 2022, British Telecommunications (UK) and Toshiba (Japan) launched the first commercial testing of quantum encrypted communication services. BT, Toshiba, and EY (UK) have started a trial of the world's first commercial quantum-secured metro network. The infrastructure was able to connect a large number of clients across London, allowing them to secure the transmission of vital data and information between different physical locations utilizing quantum key distribution (QKD) over regular fiber optic cables. QKD is an essential technology that plays a critical role in defending networks and data from the rising threat of quantum computing-based cyber-attacks. The London network is an important step toward the UK government's goal of becoming a quantum-enabled economy.
  • Restraint: Regulatory challenges can hinder quantum photonics adoption and commercialization
  • Regulations can be a significant obstacle for companies seeking to develop and commercialize quantum photonics technology. These regulations can come from a variety of sources, such as data privacy, intellectual property, export controls, safety regulations, and standards and interoperability. For example, strict data privacy regulations in finance and healthcare may require additional security measures to comply, while patent disputes and licensing agreements can add complexity and cost to development. Export controls and safety regulations may also delay deployment. Also, establishing new standards and interoperability with existing technologies can add further complexity and time to the development process. Companies need to work with regulatory bodies and stakeholders to ensure compliance and navigate these challenges, which can slow down the adoption and commercialization of quantum photonics computing technology.
  • Opportunity: Advancements in quantum communications
  • Researchers working on quantum communication are concentrating on creating safe communication protocols that make advantage of entanglement and superposition. Quantum key distribution, which enables the safe exchange of cryptographic keys between two parties, is one of the most promising uses of quantum communication.
  • Researchers are aiming to create quantum computers that employ photonic qubits (quantum bits) rather than conventional electrical qubits in quantum photonics computing. In comparison to electrical qubits, photonic qubits offer a number of benefits, such as the capacity to travel across great distances without suffering substantial information loss and their comparatively simple manipulation.
  • The demonstration of large-scale integrated photonic circuits for processing quantum information, such as the development of a 100-qubit photonic chip by researchers at the University of Bristol, are recent developments in quantum photonics computing. The development of effective photon sources and detectors for use in quantum photonics computing systems has also advanced. Several companies are actively working an advancements in the field of quantum photonics, which include PsiQuantum (US), Xanadu (Canada), Toshiba (Japan), etc. These are only a few instances of businesses engaged in developments in the area of quantum photonics computing. Numerous other businesses and university research teams are also making important contributions to this fascinating topic.
  • Challenge: Experimental constraints in quantum photonics computing
  • Quantum photonics computing is a new area of study that intends to employ photons, which are light particles, to carry and analyze quantum information. While this technology has the potential to revolutionize computing, various obstacles must be overcome before it can be implemented in practice. The area of quantum photonics computing has recently experienced various hurdles that have hindered its development toward practical applications. Experimental constraints provide a substantial hurdle to quantum photonics. Although theoretical models and methods for quantum photonics computing have been established, implementing them in actual devices remains a significant issue due to experimental constraints. Some of these challenges include high error rates, scaling up quantum photonics computing systems, maintaining the coherence of qubits which are the basic building blocks of quantum computers, detection and measurement of photonic qubits.
  • Quantum Photonics Market Ecosystem
  • The quantum photonics market is highly competitive. It is marked by the presence of a few tier-1 companies, such as Toshiba (Japan), Xanadu (Canada), Quandela (France), and ID Quantique (Switzerland).These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable quantum photonics solutions.
  • Systems segment to register highest CAGR during forecast period
  • During the forecast period, the systems segment is expected to experience the highest growth rate and hold the largest market share in the quantum photonics market. The systems segment is likely to hold the largest share of the market during the forecast period. This segment has witnessed rapid growth due to advanced hardware technology and a rise indemand across industries. Companies such as Xanadu (Canada) and Quandela (France) have introduced high-performance quantum photonics hardware, making the technology accessible and beneficial for various applications such as cryptography, machine learning, and optimization.
  • Quantum communications segment to hold the largest market share during forecast period
  • The quantum communications segment within the quantum photonics market is anticipated to witness substantial growth during the forecast period. Quantum communications involve the transfer of quantum information using photons between quantum devices such as quantum computers or sensors. It uses quantum key distribution (QKD) and quantum random number generation to provide robust security against spying or hacking. These technologies have potential applications in the military, government, and healthcare, where secure communication is vital.
  • Transportation & logistics segment is expected to grow at the highest CAGR quantum photonics market during the forecast period
  • The transportation & logistics segment market is projected to grow at the fastest CAGR during the forecast period. Factors driving this growth include the ability of quantum computing to optimize logistical operations such as route planning and supply chain management, resulting in cost savings and faster delivery times. Quantum sensors provide real-time environmental data for better decision-making, while advancements in quantum technologies promise innovative solutions for transportation system design.
  • North America by region to hold the larger share during the forecast period
  • North America plays an important role in the development and commercialization of quantum photonics computer technologies. Several leading quantum computing companies, research institutions, and universities are located in the region, driving innovation in the field. PsiQuantum (US), Xanadu (Canada), AOsense (US), and Quantum Xchange (US) are some of the companies catering to this market in North America. The development of quantum computers and associated technologies is one of the primary ways North America contributes to the quantum photonics business.
  • Recent Developments
  • In March 2023, CryptoNext Security (France), and Quandela (France) partnered to develop an integrated solution for securing post-quantum communication protocols. The solution leverages their expertise in quantum computing and post-quantum cryptography remediation. They aim to offer a fully integrated quantum-safe solution to secure sensitive data transfer in various industries, including defense, finance, manufacturing, energy, automotive, and digital services.
  • In October 2022, Quandela (France) partnered with the Electronics and Information Technology Laboratory of the French Atomic Energy Commission (CEA-Leti) to manufacture a high-performance photonic chip entirely in France.
  • In June 2022, Xanadu launched Borealis, a photonic-based quantum computer. According to Xanadu, it is the world’s largest photonic quantum computer with 216 squeezed-state qubits. Xanadu claims to achieve the quantum advantage due to Borealis’ capability of performing a task in 36 microseconds which would take more than 9,000 years for a supercomputer.
  • KEY MARKET SEGMENTS
  • By Offering
  • Systems
  • Services
  • By Application
  • Quantum Communication
  • Quantum Random Generators
  • Quantum Key Distribution
  • Quantum Computing
  • Quantum Sensing & Metrology
  • Atomic Clock
  • PAR (Photosynthetically Active Radiation) quantum sensors
  • Quantom Dot Photodetector
  • Quantum LiDar
  • By Vertical
  • Space & Defense
  • Banking & Finance
  • Healthcare & Pharmaceutical
  • Transportation & Logistics
  • Government
  • Agriculture & Environment
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • the Netherland
  • Rest of Europe
  • Asia Pacific (APAC)
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East & Africa
  • South America
  • KEY MARKET PLAYERS
  • Toshiba (Japan), Xanadu
  • Quandela
  • ID Quantique
  • ORCA Computing
  • PsiQuantum
  • TundraSystems
  • Quix Quantum
  • Nordic Quantum Computing Group
  • Thorlabs
  • AOSense
  • Single Quantum
  • Qubitekk
  • QuintessenceLabs
  • NTT Technologies
  • NEC
  • M Squared
  • CryptaLabs
  • Nu Quantum
  • Microchip Technology
  • Amazon Web Services (AWS)
  • QuantumXchange
  • Quantum Dice
  • Menlo Systems
  • QUSIDE
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on quantum photonics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on quantum photonics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • tonics market size is projected to grow from USD 0.4 billion in 2023 and is anticipated to USD 3.3 billion by 2030, growing at a CAGR of 32.2% from 2023 to 2030.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rising demand for secure communication and growing investment in quantum photonics computing to drive market growth during the forecast period. Factors such as growing R&D and investments in quantum photonics computing provides market growth opportunities for market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Photonics Market Dynamics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Rising demand for secure communication
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The need for more reliable and secure communication systems at a time of rising cyber threats is driving the rising need for secure communication in quantum photonics. Classical cryptography-based traditional communication systems are susceptible to hacking and eavesdropping, but quantum computing presents a viable answer to these security issues. Quantum cryptography, which is founded on the fundamental ideas of quantum mechanics, is used in quantum photonics to provide very secure communication. Quantum cryptography is very resistant to hacking and eavesdropping because it harnesses the characteristics of quantum states to encrypt and transfer information.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • For instance, two parties can create a shared secret key using photons in quantum key distribution (QKD), which can then be used to encrypt and decode data. The safety of QKD is predicated on the fact that any effort to measure or intercept the photons will invariably cause them to lose their quantum states, alerting the parties to the presence of an observer. There is an increasing demand for highly secure communication systems that can guard against hacking and eavesdropping as the volume and sensitivity of digital communication continue to expand. In the future of secure communication, quantum photonics is anticipated to play a significant role and offers a possible solution to this problem.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Multiple factors that contribute the necessity for secure communication in quantum photonics, including Protection against cyber threats, Global connectivity, High-security applications, Legal requirements. Overall, the demand for secure communication in quantum photonics market is driven by the need for protection against cyber threats, the need for high-security applications, the need for global connectivity, and legal requirements. As the demand for secure communication continues to grow, it is expected that the market for quantum photonics will continue to expand.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In April 2022, British Telecommunications (UK) and Toshiba (Japan) launched the first commercial testing of quantum encrypted communication services. BT, Toshiba, and EY (UK) have started a trial of the world's first commercial quantum-secured metro network. The infrastructure was able to connect a large number of clients across London, allowing them to secure the transmission of vital data and information between different physical locations utilizing quantum key distribution (QKD) over regular fiber optic cables. QKD is an essential technology that plays a critical role in defending networks and data from the rising threat of quantum computing-based cyber-attacks. The London network is an important step toward the UK government's goal of becoming a quantum-enabled economy.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Regulatory challenges can hinder quantum photonics adoption and commercialization
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Regulations can be a significant obstacle for companies seeking to develop and commercialize quantum photonics technology. These regulations can come from a variety of sources, such as data privacy, intellectual property, export controls, safety regulations, and standards and interoperability. For example, strict data privacy regulations in finance and healthcare may require additional security measures to comply, while patent disputes and licensing agreements can add complexity and cost to development. Export controls and safety regulations may also delay deployment. Also, establishing new standards and interoperability with existing technologies can add further complexity and time to the development process. Companies need to work with regulatory bodies and stakeholders to ensure compliance and navigate these challenges, which can slow down the adoption and commercialization of quantum photonics computing technology.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Advancements in quantum communications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Researchers working on quantum communication are concentrating on creating safe communication protocols that make advantage of entanglement and superposition. Quantum key distribution, which enables the safe exchange of cryptographic keys between two parties, is one of the most promising uses of quantum communication.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Researchers are aiming to create quantum computers that employ photonic qubits (quantum bits) rather than conventional electrical qubits in quantum photonics computing. In comparison to electrical qubits, photonic qubits offer a number of benefits, such as the capacity to travel across great distances without suffering substantial information loss and their comparatively simple manipulation.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The demonstration of large-scale integrated photonic circuits for processing quantum information, such as the development of a 100-qubit photonic chip by researchers at the University of Bristol, are recent developments in quantum photonics computing. The development of effective photon sources and detectors for use in quantum photonics computing systems has also advanced. Several companies are actively working an advancements in the field of quantum photonics, which include PsiQuantum (US), Xanadu (Canada), Toshiba (Japan), etc. These are only a few instances of businesses engaged in developments in the area of quantum photonics computing. Numerous other businesses and university research teams are also making important contributions to this fascinating topic.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Experimental constraints in quantum photonics computing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum photonics computing is a new area of study that intends to employ photons, which are light particles, to carry and analyze quantum information. While this technology has the potential to revolutionize computing, various obstacles must be overcome before it can be implemented in practice. The area of quantum photonics computing has recently experienced various hurdles that have hindered its development toward practical applications. Experimental constraints provide a substantial hurdle to quantum photonics. Although theoretical models and methods for quantum photonics computing have been established, implementing them in actual devices remains a significant issue due to experimental constraints. Some of these challenges include high error rates, scaling up quantum photonics computing systems, maintaining the coherence of qubits which are the basic building blocks of quantum computers, detection and measurement of photonic qubits.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Photonics Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The quantum photonics market is highly competitive. It is marked by the presence of a few tier-1 companies, such as Toshiba (Japan), Xanadu (Canada), Quandela (France), and ID Quantique (Switzerland).These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable quantum photonics solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Systems segment to register highest CAGR during forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • During the forecast period, the systems segment is expected to experience the highest growth rate and hold the largest market share in the quantum photonics market. The systems segment is likely to hold the largest share of the market during the forecast period. This segment has witnessed rapid growth due to advanced hardware technology and a rise indemand across industries. Companies such as Xanadu (Canada) and Quandela (France) have introduced high-performance quantum photonics hardware, making the technology accessible and beneficial for various applications such as cryptography, machine learning, and optimization.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum communications segment to hold the largest market share during forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The quantum communications segment within the quantum photonics market is anticipated to witness substantial growth during the forecast period. Quantum communications involve the transfer of quantum information using photons between quantum devices such as quantum computers or sensors. It uses quantum key distribution (QKD) and quantum random number generation to provide robust security against spying or hacking. These technologies have potential applications in the military, government, and healthcare, where secure communication is vital.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Transportation & logistics segment is expected to grow at the highest CAGR quantum photonics market during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The transportation & logistics segment market is projected to grow at the fastest CAGR during the forecast period. Factors driving this growth include the ability of quantum computing to optimize logistical operations such as route planning and supply chain management, resulting in cost savings and faster delivery times. Quantum sensors provide real-time environmental data for better decision-making, while advancements in quantum technologies promise innovative solutions for transportation system design.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America by region to hold the larger share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America plays an important role in the development and commercialization of quantum photonics computer technologies. Several leading quantum computing companies, research institutions, and universities are located in the region, driving innovation in the field. PsiQuantum (US), Xanadu (Canada), AOsense (US), and Quantum Xchange (US) are some of the companies catering to this market in North America. The development of quantum computers and associated technologies is one of the primary ways North America contributes to the quantum photonics business.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In March 2023, CryptoNext Security (France), and Quandela (France) partnered to develop an integrated solution for securing post-quantum communication protocols. The solution leverages their expertise in quantum computing and post-quantum cryptography remediation. They aim to offer a fully integrated quantum-safe solution to secure sensitive data transfer in various industries, including defense, finance, manufacturing, energy, automotive, and digital services.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In October 2022, Quandela (France) partnered with the Electronics and Information Technology Laboratory of the French Atomic Energy Commission (CEA-Leti) to manufacture a high-performance photonic chip entirely in France.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In June 2022, Xanadu launched Borealis, a photonic-based quantum computer. According to Xanadu, it is the world’s largest photonic quantum computer with 216 squeezed-state qubits. Xanadu claims to achieve the quantum advantage due to Borealis’ capability of performing a task in 36 microseconds which would take more than 9,000 years for a supercomputer.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Offering
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Systems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Communication
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Random Generators
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Key Distribution
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Computing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Sensing & Metrology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Atomic Clock
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • PAR (Photosynthetically Active Radiation) quantum sensors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantom Dot Photodetector
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum LiDar
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Vertical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Space & Defense
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Banking & Finance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare & Pharmaceutical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Transportation & Logistics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Government
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agriculture & Environment
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • US
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • the Netherland
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific (APAC)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World (RoW)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Toshiba (Japan), Xanadu
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quandela
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ID Quantique
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ORCA Computing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • PsiQuantum
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • TundraSystems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quix Quantum
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nordic Quantum Computing Group
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thorlabs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AOSense
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Single Quantum
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Qubitekk
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • QuintessenceLabs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NTT Technologies
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NEC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • M Squared
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CryptaLabs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nu Quantum
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Microchip Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Amazon Web Services (AWS)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • QuantumXchange
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quantum Dice
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Menlo Systems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • QUSIDE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the quantum photonics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the quantum photonics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the quantum photonics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the quantum photonics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for quantum photonics was estimated to be valued at US$ XX Mn in 2021.

The global quantum photonics Market is estimated to grow at a CAGR of XX% by 2028.

The global quantum photonics Market is segmented on the basis of Offering, Application, Vertical, Region.

Based on region, the global quantum photonics Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global quantum photonics Market are tonics market size is projected to grow from USD 0.4 billion in 2023 and is anticipated to USD 3.3 billion by 2030, growing at a CAGR of 32.2% from 2023 to 2030. , Rising demand for secure communication and growing investment in quantum photonics computing to drive market growth during the forecast period. Factors such as growing R&D and investments in quantum photonics computing provides market growth opportunities for market. , Quantum Photonics Market Dynamics , Driver: Rising demand for secure communication , The need for more reliable and secure communication systems at a time of rising cyber threats is driving the rising need for secure communication in quantum photonics. Classical cryptography-based traditional communication systems are susceptible to hacking and eavesdropping, but quantum computing presents a viable answer to these security issues. Quantum cryptography, which is founded on the fundamental ideas of quantum mechanics, is used in quantum photonics to provide very secure communication. Quantum cryptography is very resistant to hacking and eavesdropping because it harnesses the characteristics of quantum states to encrypt and transfer information. , For instance, two parties can create a shared secret key using photons in quantum key distribution (QKD), which can then be used to encrypt and decode data. The safety of QKD is predicated on the fact that any effort to measure or intercept the photons will invariably cause them to lose their quantum states, alerting the parties to the presence of an observer. There is an increasing demand for highly secure communication systems that can guard against hacking and eavesdropping as the volume and sensitivity of digital communication continue to expand. In the future of secure communication, quantum photonics is anticipated to play a significant role and offers a possible solution to this problem. , Multiple factors that contribute the necessity for secure communication in quantum photonics, including Protection against cyber threats, Global connectivity, High-security applications, Legal requirements. Overall, the demand for secure communication in quantum photonics market is driven by the need for protection against cyber threats, the need for high-security applications, the need for global connectivity, and legal requirements. As the demand for secure communication continues to grow, it is expected that the market for quantum photonics will continue to expand. , In April 2022, British Telecommunications (UK) and Toshiba (Japan) launched the first commercial testing of quantum encrypted communication services. BT, Toshiba, and EY (UK) have started a trial of the world's first commercial quantum-secured metro network. The infrastructure was able to connect a large number of clients across London, allowing them to secure the transmission of vital data and information between different physical locations utilizing quantum key distribution (QKD) over regular fiber optic cables. QKD is an essential technology that plays a critical role in defending networks and data from the rising threat of quantum computing-based cyber-attacks. The London network is an important step toward the UK government's goal of becoming a quantum-enabled economy. , Restraint: Regulatory challenges can hinder quantum photonics adoption and commercialization , Regulations can be a significant obstacle for companies seeking to develop and commercialize quantum photonics technology. These regulations can come from a variety of sources, such as data privacy, intellectual property, export controls, safety regulations, and standards and interoperability. For example, strict data privacy regulations in finance and healthcare may require additional security measures to comply, while patent disputes and licensing agreements can add complexity and cost to development. Export controls and safety regulations may also delay deployment. Also, establishing new standards and interoperability with existing technologies can add further complexity and time to the development process. Companies need to work with regulatory bodies and stakeholders to ensure compliance and navigate these challenges, which can slow down the adoption and commercialization of quantum photonics computing technology. , Opportunity: Advancements in quantum communications , Researchers working on quantum communication are concentrating on creating safe communication protocols that make advantage of entanglement and superposition. Quantum key distribution, which enables the safe exchange of cryptographic keys between two parties, is one of the most promising uses of quantum communication. , Researchers are aiming to create quantum computers that employ photonic qubits (quantum bits) rather than conventional electrical qubits in quantum photonics computing. In comparison to electrical qubits, photonic qubits offer a number of benefits, such as the capacity to travel across great distances without suffering substantial information loss and their comparatively simple manipulation. , The demonstration of large-scale integrated photonic circuits for processing quantum information, such as the development of a 100-qubit photonic chip by researchers at the University of Bristol, are recent developments in quantum photonics computing. The development of effective photon sources and detectors for use in quantum photonics computing systems has also advanced. Several companies are actively working an advancements in the field of quantum photonics, which include PsiQuantum (US), Xanadu (Canada), Toshiba (Japan), etc. These are only a few instances of businesses engaged in developments in the area of quantum photonics computing. Numerous other businesses and university research teams are also making important contributions to this fascinating topic. , Challenge: Experimental constraints in quantum photonics computing , Quantum photonics computing is a new area of study that intends to employ photons, which are light particles, to carry and analyze quantum information. While this technology has the potential to revolutionize computing, various obstacles must be overcome before it can be implemented in practice. The area of quantum photonics computing has recently experienced various hurdles that have hindered its development toward practical applications. Experimental constraints provide a substantial hurdle to quantum photonics. Although theoretical models and methods for quantum photonics computing have been established, implementing them in actual devices remains a significant issue due to experimental constraints. Some of these challenges include high error rates, scaling up quantum photonics computing systems, maintaining the coherence of qubits which are the basic building blocks of quantum computers, detection and measurement of photonic qubits. , Quantum Photonics Market Ecosystem , The quantum photonics market is highly competitive. It is marked by the presence of a few tier-1 companies, such as Toshiba (Japan), Xanadu (Canada), Quandela (France), and ID Quantique (Switzerland).These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable quantum photonics solutions. , Systems segment to register highest CAGR during forecast period , During the forecast period, the systems segment is expected to experience the highest growth rate and hold the largest market share in the quantum photonics market. The systems segment is likely to hold the largest share of the market during the forecast period. This segment has witnessed rapid growth due to advanced hardware technology and a rise indemand across industries. Companies such as Xanadu (Canada) and Quandela (France) have introduced high-performance quantum photonics hardware, making the technology accessible and beneficial for various applications such as cryptography, machine learning, and optimization. , Quantum communications segment to hold the largest market share during forecast period , The quantum communications segment within the quantum photonics market is anticipated to witness substantial growth during the forecast period. Quantum communications involve the transfer of quantum information using photons between quantum devices such as quantum computers or sensors. It uses quantum key distribution (QKD) and quantum random number generation to provide robust security against spying or hacking. These technologies have potential applications in the military, government, and healthcare, where secure communication is vital. , Transportation & logistics segment is expected to grow at the highest CAGR quantum photonics market during the forecast period , The transportation & logistics segment market is projected to grow at the fastest CAGR during the forecast period. Factors driving this growth include the ability of quantum computing to optimize logistical operations such as route planning and supply chain management, resulting in cost savings and faster delivery times. Quantum sensors provide real-time environmental data for better decision-making, while advancements in quantum technologies promise innovative solutions for transportation system design. , North America by region to hold the larger share during the forecast period , North America plays an important role in the development and commercialization of quantum photonics computer technologies. Several leading quantum computing companies, research institutions, and universities are located in the region, driving innovation in the field. PsiQuantum (US), Xanadu (Canada), AOsense (US), and Quantum Xchange (US) are some of the companies catering to this market in North America. The development of quantum computers and associated technologies is one of the primary ways North America contributes to the quantum photonics business. , Recent Developments , In March 2023, CryptoNext Security (France), and Quandela (France) partnered to develop an integrated solution for securing post-quantum communication protocols. The solution leverages their expertise in quantum computing and post-quantum cryptography remediation. They aim to offer a fully integrated quantum-safe solution to secure sensitive data transfer in various industries, including defense, finance, manufacturing, energy, automotive, and digital services. , In October 2022, Quandela (France) partnered with the Electronics and Information Technology Laboratory of the French Atomic Energy Commission (CEA-Leti) to manufacture a high-performance photonic chip entirely in France. , In June 2022, Xanadu launched Borealis, a photonic-based quantum computer. According to Xanadu, it is the world’s largest photonic quantum computer with 216 squeezed-state qubits. Xanadu claims to achieve the quantum advantage due to Borealis’ capability of performing a task in 36 microseconds which would take more than 9,000 years for a supercomputer. , KEY MARKET SEGMENTS , By Offering , Systems , Services , By Application , Quantum Communication , Quantum Random Generators , Quantum Key Distribution , Quantum Computing , Quantum Sensing & Metrology , Atomic Clock , PAR (Photosynthetically Active Radiation) quantum sensors , Quantom Dot Photodetector , Quantum LiDar , By Vertical , Space & Defense , Banking & Finance , Healthcare & Pharmaceutical , Transportation & Logistics , Government , Agriculture & Environment , Others , By Region , North America , US , Canada , Mexico , Europe , Germany , UK , France , the Netherland , Rest of Europe , Asia Pacific (APAC) , China , Japan , South Korea , Rest of Asia Pacific , Rest of the World (RoW) , Middle East & Africa , South America , KEY MARKET PLAYERS , Toshiba (Japan), Xanadu , Quandela , ID Quantique , ORCA Computing , PsiQuantum , TundraSystems , Quix Quantum , Nordic Quantum Computing Group , Thorlabs , AOSense , Single Quantum , Qubitekk , QuintessenceLabs , NTT Technologies , NEC , M Squared , CryptaLabs , Nu Quantum , Microchip Technology , Amazon Web Services (AWS) , QuantumXchange , Quantum Dice , Menlo Systems , QUSIDE.

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