PUBLISHER: BIS Research | PRODUCT CODE: 1473650
PUBLISHER: BIS Research | PRODUCT CODE: 1473650
Europe Quantum Processors Market: Focus on Application, Type, Business Model, and Country - Analysis and Forecast, 2023-2033
Introduction to Europe Quantum Processors Market
The Europe quantum processors market was valued at $262.7 million in 2023 and is expected to reach $1,321.1 million by 2033, growing at a CAGR of 17.53% between 2023 and 2033. The quantum processors market is experiencing rapid growth, fueled by progress in quantum computing technologies and rising investments from both governmental and private entities. Furthermore, partnerships among tech companies, academic organizations, and government bodies are promoting creativity and hastening the move of quantum processors to the marketplace.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2033 |
| 2023 Evaluation | $262.7 Million |
| 2033 Forecast | $1,321.1 Million |
| CAGR | 17.53% |
Market Introduction
The Europe quantum processors market is poised for significant growth, reflecting the global surge in quantum computing advancements. Europe's strong foundation in academic excellence and technological innovation, supported by substantial investments from the European Union and private sector collaborations, is driving the development and commercialization of quantum processors. Strategic partnerships across tech companies, universities, and governmental agencies are enhancing the region's capabilities in this cutting-edge field. These collaborations aim to overcome technological challenges and establish Europe as a leader in quantum technology. As the demand for faster and more efficient computing escalates, the Europe market is well-positioned to capitalize on the transformative potential of quantum processors, influencing sectors ranging from cybersecurity to material science. The integration of quantum technologies in these fields highlights Europe's strategic approach to harnessing quantum advancements for economic and technological leadership.
Market Segmentation:
Segmentation 1: by Application
- Quantum Computing
- Cryptography
- Quantum Simulation
- Quantum Sensing and Metrology
Segmentation 2: by Type
- Superconducting Qubits
- Trapped-Ion Qubits
- Topological Qubits
- Quantum Dots
- Photonic Qubits
- Cell Assembly
- Cold Atom Processor
Segmentation 3: by Business Model
- Quantum Computing-as-a-Service
- Computer Sales
Segmentation 4: by Country
- Germany
- France
- Italy
- Spain
- U.K.
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different quantum processors. Moreover, the study provides the reader with a detailed understanding of the Europe quantum processors market based on application (quantum computing, quantum cryptography, quantum sensing, and others). Furthermore, there is a growing demand for reliable and cost-effective quantum. Manufacturers can seize opportunities to design and produce next-generation quantum processors equipped with advanced qubit coherence and error correction features.
Growth/Marketing Strategy: The Europe quantum processors market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategies for the companies have been product developments, business expansions, and acquisitions to strengthen their position in the quantum processors market.
Competitive Strategy: Key players in the Europe quantum processors market analyzed and profiled in the study involve quantum processor manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Europe quantum processors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Table of Contents
Executive Summary
1 Market: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Trends Shaping Quantum Processors Market
- 1.1.2 Increasing Investment in Quantum Computing Research
- 1.1.3 Growing Adoption of Hybrid Quantum-Classical Computing Models
- 1.2 Supply Chain Overview
- 1.2.1 Supply Chain Analysis
- 1.2.2 Value Chain Analysis
- 1.2.3 Quantum Technology Ecosystem
- 1.2.4 Market Map
- 1.2.4.1 Quantum Processors Market - Product (by Type)
- 1.2.4.1.1 Superconducting
- 1.2.4.1.2 Photonic
- 1.2.4.1.3 Trapped Ion
- 1.2.4.1.4 Cold Atom
- 1.2.4.1 Quantum Processors Market - Product (by Type)
- 1.2.5 Pricing Forecast
- 1.3 Research and Development Review
- 1.3.1 Patent Filing Trend (by Country and Company)
- 1.3.2 Global Initiatives
- 1.3.3 Stakeholder Analysis
- 1.3.3.1 Use Case
- 1.3.3.2 End User and Buying Criteria
- 1.4 Snapshot of the Quantum Computing Market
- 1.4.1 Leading Countries
- 1.4.2 Leading Companies
- 1.4.3 Key Findings
- 1.4.4 Global Market Projections
- 1.5 Market Dynamics Overview
- 1.5.1 Market Drivers
- 1.5.1.1 Increasing Demand for Enhanced Computational Power
- 1.5.1.2 Advancements in Quantum Technology
- 1.5.2 Market Challenges
- 1.5.2.1 High Cost of Development and Implementation
- 1.5.2.2 Lack of Talent in Quantum Computing
- 1.5.3 Market Opportunities
- 1.5.3.1 Expanding Applications across Industries
- 1.5.3.2 Collaborations and Partnerships for Innovation
- 1.5.1 Market Drivers
- 1.6 Photonics: The Next Big Quantum Computing Technology
2 Region
- 2.1 Regional Summary
- 2.2 Europe
- 2.2.1 Key Market Participants in Europe
- 2.2.1.1 Business Drivers
- 2.2.1.2 Business Challenges
- 2.2.2 Application
- 2.2.3 Product
- 2.2.4 Germany
- 2.2.4.1 Application
- 2.2.4.2 Product
- 2.2.5 France
- 2.2.5.1 Application
- 2.2.5.2 Product
- 2.2.6 Italy
- 2.2.6.1 Application
- 2.2.6.2 Product
- 2.2.7 Spain
- 2.2.7.1 Application
- 2.2.7.2 Product
- 2.2.8 U.K.
- 2.2.8.1 Application
- 2.2.8.2 Product
- 2.2.9 Rest-of-Europe
- 2.2.9.1 Application
- 2.2.9.2 Product
- 2.2.1 Key Market Participants in Europe
3 Markets - Competitive Landscaped and Companies Profiled
- 3.1 Next Frontiers
- 3.2 Geographical Assessment
- 3.3 Competitive Landscape
- 3.4 Company Profiles
- 3.4.1 IQM
- 3.4.1.1 Overview
- 3.4.1.2 Top Products/Product Portfolio
- 3.4.1.3 Top Competitors
- 3.4.1.4 Target Customers/End-Use Industries
- 3.4.1.5 Key Personnel
- 3.4.1.6 Analyst View
- 3.4.1.7 Market Share, 2022
- 3.4.2 Pasqal
- 3.4.2.1 Overview
- 3.4.2.2 Top Products/Product Portfolio
- 3.4.2.3 Top Competitors
- 3.4.2.4 Target Customers/End-Use Industries
- 3.4.2.5 Key Personnel
- 3.4.2.6 Analyst View
- 3.4.2.7 Market Share, 2022
- 3.4.1 IQM
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Quantum Processors Market (by Region), $Million, 2022, 2026, and 2033
- Figure 2: Europe Quantum Processors Market (by Application), $Million, 2022, 2026, and 2033
- Figure 3: Europe Quantum Processors Market (by Type), $Million, 2022, 2026, and 2033
- Figure 4: Europe Quantum Processors Market (by Business Model), $Million, 2022, 2026, and 2033
- Figure 5: Quantum Processors Market, Recent Developments
- Figure 6: Quantum Processors Market Coverage
- Figure 7: Average Government Fundings, $Billion, 2021
- Figure 8: Supply Chain Analysis for Quantum Processors Market
- Figure 9: Ecosystem of Quantum Technology
- Figure 10: Patent Filed (by Country), January 2020-March 2024
- Figure 11: Patent Filed (by Company), January 2020-March 2024
- Figure 12: Investment in Quantum Technology Startups by Private and Corporate, $Million, 2001-2022
- Figure 13: Quantum Technology Startups (by Country), 2022
- Figure 14: Impact Analysis of Quantum Processors Market Navigating Factors, 2023-2033
- Figure 15: Germany Quantum Processors Market, $Million, 2022-2033
- Figure 16: France Quantum Processors Market, $Million, 2022-2033
- Figure 17: Italy Quantum Processors Market, $Million, 2022-2033
- Figure 18: Spain Quantum Processors Market, $Million, 2022-2033
- Figure 19: U.K. Quantum Processors Market, $Million, 2022-2033
- Figure 20: Rest-of-Europe Quantum Processors Market, $Million, 2022-2033
- Figure 21: Strategic Initiatives, January 2020-March 2024
- Figure 22: Share of Strategic Initiatives, January 2020-February 2024
- Figure 23: Data Triangulation
- Figure 24: Top-Down and Bottom-Up Approach
- Figure 25: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Quantum Processors Market, Regional Opportunities
- Table 3: Pricing Forecast of Quantum Processors Market (by Business Model), 2022-2033
- Table 4: Major Initiatives taken by Countries in the Quantum Processors Market
- Table 5: Major Private Investments in Quantum Technology Startups, 2022
- Table 6: Comparison between Major Quantum Technologies
- Table 7: Recent Status of Quantum Computing Technologies, 2023-2024
- Table 8: Major Investments in Quantum Computing Market, 2023-2024
- Table 9: Major Innovations in Photonic Quantum Computing Technology
- Table 10: Major Investments in Photonic Quantum Computing Technology, 2021-2024
- Table 11: Quantum Processors Market (by Region), $Million, 2022-2033
- Table 12: Europe Quantum Processors Market (by Application), $Million, 2022-2033
- Table 13: Europe Quantum Processors Market (by Type), $Million, 2022-2033
- Table 14: Europe Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 15: Germany Quantum Processors Market (by Application), $Million, 2022-2033
- Table 16: Germany Quantum Processors Market (by Type), $Million, 2022-2033
- Table 17: Germany Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 18: France Quantum Processors Market (by Application), $Million, 2022-2033
- Table 19: France Quantum Processors Market (by Type), $Million, 2022-2033
- Table 20: France Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 21: Italy Quantum Processors Market (by Application), $Million, 2022-2033
- Table 22: Italy Quantum Processors Market (by Type), $Million, 2022-2033
- Table 23: Italy Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 24: Spain Quantum Processors Market (by Application), $Million, 2022-2033
- Table 25: Spain Quantum Processors Market (by Type), $Million, 2022-2033
- Table 26: Spain Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 27: U.K. Quantum Processors Market (by Application), $Million, 2022-2033
- Table 28: U.K. Quantum Processors Market (by Type), $Million, 2022-2033
- Table 29: U.K. Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 30: Rest-of-Europe Quantum Processors Market (by Application), $Million, 2022-2033
- Table 31: Rest-of-Europe Quantum Processors Market (by Type), $Million, 2022-2033
- Table 32: Rest-of-Europe Quantum Processors Market (by Business Model), $Million, 2022-2033
- Table 33: Market Share, 2022
