The Global Market for Quantum Computing 2025-2045

Description

List of Tables

The quantum computing market is experiencing a transformative phase, marked by significant technological advancements and increasing commercial interest. This growth is driven by multiple factors, including substantial government investments, private sector participation, and accelerating technological breakthroughs. In the current market landscape, hardware development commands the largest share of investment, particularly in superconducting qubits and trapped ion systems. Major technology companies like IBM, Google, and Microsoft continue to advance their quantum programs, while specialized companies such as IonQ, Rigetti, and PsiQuantum are making significant strides in their respective technologies. The market is also seeing increased activity in quantum software and applications, with companies developing quantum algorithms and use-case-specific solutions for industries including finance, pharmaceuticals, and logistics.

Cloud-based quantum computing services represent a rapidly growing market segment, enabling broader access to quantum capabilities without requiring direct hardware investment. Amazon Braket, IBM Quantum, and Microsoft Azure Quantum are leading this transformation, making quantum computing resources available to enterprises and researchers worldwide. This "quantum-as-a-service" model is expected to drive significant market growth in the near term.

Looking toward the future, the quantum computing market is expected to undergo several crucial transitions. The achievement of quantum advantage in specific applications will likely drive increased enterprise adoption, particularly in industries where quantum computing can provide significant competitive advantages. Financial services, drug discovery, and materials science are expected to be among the first sectors to realize practical quantum advantages. The market is also witnessing a shift from purely research-focused activities to more commercial applications. While early-stage quantum computers currently serve primarily research purposes, the development of error-corrected quantum systems in the coming years will enable more practical applications. This transition is expected to dramatically expand the market, particularly in the 2025-2030 timeframe.

Government investments continue to shape the market landscape, with major initiatives like the US National Quantum Initiative, China's quantum strategy, and the EU Quantum Flagship providing substantial funding and strategic direction. These programs, along with private sector investments, are creating a robust ecosystem for quantum technology development. Industry consolidation and specialization are expected to become more prominent features of the market as it matures. While some companies focus on full-stack quantum solutions, others are specializing in specific components of the quantum computing stack, from hardware components to application-specific software solutions.

The development of the quantum computing supply chain represents another crucial market aspect. Companies are investing in specialized component manufacturing, from control electronics to cryogenic systems, creating new market opportunities and potential bottlenecks. The market for quantum-specific components and materials is expected to grow significantly as quantum computers scale up. Despite these positive trends, the market faces several challenges. Technical hurdles in achieving fault-tolerant quantum computing, the need for skilled quantum workforce development, and the challenge of identifying near-term commercially viable applications all impact market growth. However, these challenges are driving innovation and creating opportunities for companies offering solutions to these specific problems.

The quantum computing market stands at an inflection point, with technological progress and commercial interest converging to create significant growth opportunities. While the path to widespread quantum computing adoption may be complex, the market's fundamental drivers remain strong, suggesting continued expansion and evolution in the coming years.

"The Global Market for Quantum Computing 2025-2045" provides a comprehensive analysis of the quantum computing industry, market trends, technologies, and key players shaping this transformative sector. The report examines the evolution from the first to second quantum revolution and provides detailed insights into the current quantum computing landscape, including technical progress, persistent challenges, and key market developments. This extensive study covers the complete quantum computing ecosystem, from fundamental technologies and hardware architectures to software platforms and end-user applications. The report includes detailed analysis of various qubit technologies including superconducting, trapped ion, silicon spin, topological, photonic, and neutral atom approaches, with comprehensive SWOT analyses for each technology platform.

Key market segments analyzed include pharmaceuticals, chemicals, transportation, financial services, and automotive industries. The report delivers in-depth analysis of quantum chemistry, AI applications, quantum communications, and quantum sensing technologies, highlighting crossover opportunities and synergies between these fields. Detailed coverage of materials for quantum computing encompasses superconductors, photonics, silicon photonics, optical components, and various nanomaterials including 2D materials, carbon nanotubes, diamond, and metal-organic frameworks. The report examines material requirements, challenges, and opportunities across the quantum technology stack.

The market analysis section provides comprehensive investment data, including venture capital activity, M&A developments, corporate investments, and government funding initiatives. Global market forecasts from 2025 to 2045 cover hardware, software, and services, with detailed projections for installed base, pricing trends, and revenue streams. The report includes extensive profiling of over 205 companies across the quantum computing value chain, from hardware manufacturers and software developers to end-use application providers. Company profiles include detailed information on technologies, products, partnerships, and market positioning. Companies profiled include A* Quantum, AbaQus, Aegiq, Agnostiq GmbH, Airbus, Aliro Quantum, Alice&Bob, Alpine Quantum Technologies (AQT), Anyon Systems, Archer Materials, Arclight Quantum, Arctic Instruments, ARQUE Systems, Atlantic Quantum, Atom Computing, Atom Quantum Labs, Atos Quantum, Baidu, BEIT, Bleximo, BlueFors, BlueQubit, Bohr Quantum Technology, BosonQ Ps, C12 Quantum Electronics, Cambridge Quantum Computing, CAS Cold Atom, CEW Systems, Classiq Technologies, ColibriTD, Crystal Quantum Computing, D-Wave Systems, Delft Circuits, Diatope, Dirac, Diraq, Duality Quantum Photonics, EeroQ, eleQtron, Elyah, Entropica Labs, Ephos, EvolutionQ, First Quantum, Fujitsu, Good Chemistry, Google Quantum AI, g2-Zero, Haiqu, HQS Quantum Simulations, HRL, Huayi Quantum, IBM, Icosa Computing, ID Quantique, InfinityQ, Infineon Technologies, Infleqtion, Intel, IonQ and many others (complete list in report).

Key features of the report include:

Comprehensive analysis of quantum computing technologies and architectures
Detailed market forecasts 2025-2045
Analysis of government initiatives and funding landscape
Examination of quantum computing infrastructure requirements
In-depth material analysis and supply chain considerations
Extensive company profiles and competitive landscape analysis
Assessment of market challenges and opportunities
Analysis of key application areas and end-user industries

1. EXECUTIVE SUMMARY

1.1. First and Second quantum revolutions
1.2. Current quantum computing market landscape
- 1.2.1. Technical Progress and Persistent Challenges
- 1.2.2. Key developments
1.3. Investment Landscape
1.4. Global Government Initiatives
1.5. Market Landscape
1.6. Challenges for Quantum Technologies Adoption
1.7. Market Map
1.8. Market Challenges
1.9. SWOT analysis
1.10. Quantum Computing Value Chain
1.11. Market Outlook
1.12. Quantum Computing and Artificial Intelligence
1.13. Global market forecast 2018-2045
- 1.13.1. Revenues
- 1.13.2. Quantum Computing Installed Base Forecast (Number of Systems)
- 1.13.3. Pricing

2. INTRODUCTION

2.1. What is quantum computing?
2.2. Operating principle
2.3. Classical vs quantum computing
2.4. Quantum computing technology
- 2.4.1. Quantum emulators
- 2.4.2. Quantum inspired computing
- 2.4.3. Quantum annealing computers
- 2.4.4. Quantum simulators
- 2.4.5. Digital quantum computers
- 2.4.6. Continuous variables quantum computers
- 2.4.7. Measurement Based Quantum Computing (MBQC)
- 2.4.8. Topological quantum computing
- 2.4.9. Quantum Accelerator
2.5. Competition from other technologies

3. QUANTUM ALGORITHMS

3.1. Quantum Software Stack
- 3.1.1. Quantum Machine Learning
- 3.1.2. Quantum Simulation
- 3.1.3. Quantum Optimization
- 3.1.4. Quantum Cryptography
  - 3.1.4.1. Quantum Key Distribution (QKD)
  - 3.1.4.2. Post-Quantum Cryptography

4. QUANTUM COMPUTING HARDWARE

4.1. Qubit Technologies
- 4.1.1. Overview
- 4.1.2. Noise effects
- 4.1.3. Logical qubits
- 4.1.4. Quantum Volume
- 4.1.5. Algorithmic Qubits
- 4.1.6. Superconducting Qubits
  - 4.1.6.1. Technology description
  - 4.1.6.2. Materials
  - 4.1.6.3. Market players
  - 4.1.6.4. Swot analysis
- 4.1.7. Trapped Ion Qubits
  - 4.1.7.1. Technology description
  - 4.1.7.2. Hardware
  - 4.1.7.3. Materials
    - 4.1.7.3.1. Integrating optical components
    - 4.1.7.3.2. Incorporating high-quality mirrors and optical cavities
    - 4.1.7.3.3. Engineering the vacuum packaging and encapsulation
    - 4.1.7.3.4. Removal of waste heat
  - 4.1.7.4. Market players
  - 4.1.7.5. Swot analysis
- 4.1.8. Silicon Spin Qubits
  - 4.1.8.1. Technology description
  - 4.1.8.2. Quantum dots
  - 4.1.8.3. Market players
  - 4.1.8.4. SWOT analysis
- 4.1.9. Topological Qubits
  - 4.1.9.1. Technology description
    - 4.1.9.1.1. Cryogenic cooling
  - 4.1.9.2. Market players
  - 4.1.9.3. SWOT analysis
- 4.1.10. Photonic Qubits
  - 4.1.10.1. Technology description
  - 4.1.10.2. Hardware Architecture
  - 4.1.10.3. Market players
  - 4.1.10.4. Swot analysis
- 4.1.11. Neutral atom (cold atom) qubits
  - 4.1.11.1. Technology description
  - 4.1.11.2. Market players
  - 4.1.11.3. Swot analysis
- 4.1.12. Diamond-defect qubits
  - 4.1.12.1. Technology description
  - 4.1.12.2. SWOT analysis
  - 4.1.12.3. Market players
- 4.1.13. Quantum annealers
  - 4.1.13.1. Technology description
  - 4.1.13.2. SWOT analysis
  - 4.1.13.3. Market players
4.2. Architectural Approaches

5. QUANTUM COMPUTING INFRASTRUCTURE

5.1. Infrastructure Requirements
5.2. Hardware agnostic platforms
5.3. Cryostats
5.4. Qubit readout

6. QUANTUM COMPUTING SOFTWARE

6.1. Technology description
6.2. Cloud-based services- QCaaS (Quantum Computing as a Service).
6.3. Market players

7. MARKETS AND APPLICATIONS

7.1. Pharmaceuticals
- 7.1.1. Market overview
  - 7.1.1.1. Drug discovery
  - 7.1.1.2. Diagnostics
  - 7.1.1.3. Molecular simulations
  - 7.1.1.4. Genomics
  - 7.1.1.5. Proteins and RNA folding
- 7.1.2. Market players
7.2. Chemicals
- 7.2.1. Market overview
- 7.2.2. Market players
7.3. Transportation
- 7.3.1. Market overview
- 7.3.2. Market players
7.4. Financial services
- 7.4.1. Market overview
- 7.4.2. Market players
7.5. Automotive
- 7.5.1. Market overview
- 7.5.2. Market players

8. OTHER CROSSOVER TECHNOLOGIES

8.1. Quantum chemistry and AI
- 8.1.1. Technology description
- 8.1.2. Applications
- 8.1.3. Market players
8.2. Quantum Communications
- 8.2.1. Technology description
- 8.2.2. Types
- 8.2.3. Applications
- 8.2.4. Market players
8.3. Quantum Sensors
- 8.3.1. Technology description
- 8.3.2. Applications
- 8.3.3. Companies

9. MATERIALS FOR QUANTUM COMPUTING

9.1. Superconductors
- 9.1.1. Overview
- 9.1.2. Types and Properties
- 9.1.3. Temperature (Tc) of superconducting materials
- 9.1.4. Superconducting Nanowire Single Photon Detectors (SNSPD)
- 9.1.5. Kinetic Inductance Detectors (KIDs)
- 9.1.6. Transition Edge Sensors (TES)
- 9.1.7. Opportunities
9.2. Photonics, Silicon Photonics and Optical Components
- 9.2.1. Overview
- 9.2.2. Types and Properties
- 9.2.3. Vertical-Cavity Surface-Emitting Lasers (VCSELs)
- 9.2.4. Alkali azides
- 9.2.5. Optical Fiber and Quantum Interconnects
- 9.2.6. Semiconductor Single Photon Detectors
- 9.2.7. Opportunities
9.3. Nanomaterials
- 9.3.1. Overview
- 9.3.2. Types and Properties
  - 9.3.2.1. 2D Materials
  - 9.3.2.2. Transition metal dichalcogenide quantum dots
  - 9.3.2.3. Graphene Membranes
  - 9.3.2.4. 2.5D materials
  - 9.3.2.5. Carbon nanotubes
    - 9.3.2.5.1. Single Walled Carbon Nanotubes
    - 9.3.2.5.2. Boron Nitride Nanotubes
  - 9.3.2.6. Diamond
  - 9.3.2.7. Metal-Organic Frameworks (MOFs)
- 9.3.3. Opportunities

10. MARKET ANALYSIS

10.1. Key industry players
- 10.1.1. Start-ups
- 10.1.2. Tech Giants
- 10.1.3. National Initiatives
10.2. Investment funding
- 10.2.1. Venture Capital
- 10.2.2. M&A
- 10.2.3. Corporate Investment
- 10.2.4. Government Funding

11. COMPANY PROFILES (208 company profiles)

12. RESEARCH METHODOLOGY

13. TERMS AND DEFINITIONS

14. REFERENCES

List of Tables

Table 1. First and second quantum revolutions
Table 2. Applications for Quantum Computing
Table 3. Quantum Computing Business Models
Table 4. Quantum Computing Investments (2018-2024)
Table 5. Global government initiatives in quantum technologies
Table 6. Quantum computing industry developments 2020-2025
Table 7. Business Models in Quantum Computing
Table 8. Market challenges in quantum computing
Table 9. Quantum computing value chain
Table 10. Global market for quantum computing-by category, 2023-2045 (billions USD)
Table 11. Global Revenue from Hardware Sales (Billions USD)
Table 12. Installed Base Forecast (2025-2045)-Units
Table 13. Installed Base by Technology (2025-2045)-Units
Table 14. Quantum Computer Pricing Forecast (Millions USD)
Table 15. Quantum Computer Architectures
Table 16. Applications for quantum computing
Table 17. Comparison of classical versus quantum computing
Table 18. Key quantum mechanical phenomena utilized in quantum computing
Table 19. Types of quantum computers
Table 20.Comparison of Quantum Computer Technologies
Table 21. Comparative analysis of quantum computing with classical computing, quantum-inspired computing, and neuromorphic computing
Table 22. Different computing paradigms beyond conventional CMOS
Table 23. Applications of quantum algorithms
Table 24. QML approaches
Table 25. Commercial Readiness Level by Technology
Table 26. Qubit Performance Benchmarking
Table 27. Coherence times for different qubit implementations
Table 28. Quantum Computer Benchmarking Metrics
Table 29. Logical Qubit Progress
Table 30. Superconducting qubit market players
Table 31. Initialization, manipulation and readout for trapped ion quantum computers
Table 32. Ion trap market players
Table 33. Initialization, manipulation, and readout methods for silicon-spin qubits
Table 34. Silicon spin qubits market players
Table 35. Initialization, manipulation and readout of topological qubits
Table 36. Topological qubits market players
Table 37. Pros and cons of photon qubits
Table 38. Comparison of photon polarization and squeezed states
Table 39. Initialization, manipulation and readout of photonic platform quantum computers
Table 40. Photonic qubit market players
Table 41. Initialization, manipulation and readout for neutral-atom quantum computers
Table 42. Pros and cons of cold atoms quantum computers and simulators
Table 43. Neural atom qubit market players
Table 44. Initialization, manipulation and readout of Diamond-Defect Spin-Based Computing
Table 45. Key materials for developing diamond-defect spin-based quantum computers
Table 46. Diamond-defect qubits market players
Table 47. Commercial Applications for Quantum Annealing
Table 48. Pros and cons of quantum annealers
Table 49. Quantum annealers market players
Table 50. Quantum Computing Infrastructure Requirements
Table 51. Modular vs. Single Core
Table 52. Quantum computing software market players
Table 53. Markets and applications for quantum computing
Table 54. Total Addressable Market (TAM) for Quantum Computing
Table 55. Market players in quantum technologies for pharmaceuticals
Table 56. Market players in quantum computing for chemicals
Table 57. Automotive applications of quantum computing,
Table 58. Market players in quantum computing for transportation
Table 59. Quantum Computing in Finance
Table 60. Market players in quantum computing for financial services
Table 61. Automotive Applications of Quantum Computing
Table 62. Applications in quantum chemistry and artificial intelligence (AI)
Table 63. Market players in quantum chemistry and AI
Table 64. Main types of quantum communications
Table 65. Applications in quantum communications
Table 66. Market players in quantum communications
Table 67. Comparison between classical and quantum sensors
Table 68. Applications in quantum sensors
Table 69. Companies developing high-precision quantum time measurement
Table 70. Materials in Quantum Technology
Table 71. Superconductor Value Chain in Quantum Technology
Table 72. Superconductors in quantum technology
Table 73. SNSPD Players companies
Table 74. Single Photon Detector Technology Comparison
Table 75. Photonics, silicon photonics and optics in quantum technology
Table 76. Materials for Quantum Photonic Applications
Table 77. Nanomaterials in quantum technology
Table 79. Synthetic Diamond Value Chain for Quantum Technology
Table 80. Quantum technologies investment funding
Table 81. Top funded quantum technology companies

List of Figures

Figure 1. Quantum computing development timeline
Figure 2.Quantum investments 2012-2024 (billions USD)
Figure 3. National quantum initiatives and funding 2015-2023
Figure 4. Quantum computing Market Map
Figure 5. SWOT analysis for quantum computing
Figure 6. Global market for quantum computing-Hardware, Software & Services, 2023-2035 (billions USD)
Figure 7. An early design of an IBM 7-qubit chip based on superconducting technology
Figure 8. Various 2D to 3D chips integration techniques into chiplets
Figure 9. IBM Q System One quantum computer
Figure 10. Unconventional computing approaches
Figure 11. 53-qubit Sycamore processor
Figure 12. Interior of IBM quantum computing system. The quantum chip is located in the small dark square at center bottom
Figure 13. Superconducting quantum computer
Figure 14. Superconducting quantum computer schematic
Figure 15. Components and materials used in a superconducting qubit
Figure 16. Superconducting Hardware Roadmap
Figure 17. SWOT analysis for superconducting quantum computers:
Figure 18. Ion-trap quantum computer
Figure 19. Various ways to trap ions
Figure 20. Trapped-Ion Hardware Roadmap
Figure 21. Universal Quantum's shuttling ion architecture in their Penning traps
Figure 22. SWOT analysis for trapped-ion quantum computing
Figure 23. CMOS silicon spin qubit
Figure 24. Silicon quantum dot qubits
Figure 25. Silicon-Spin Hardware Roadmap
Figure 26. SWOT analysis for silicon spin quantum computers
Figure 27. Topological Quantum Computing Roadmap
Figure 28. SWOT analysis for topological qubits
Figure 29 . SWOT analysis for photonic quantum computers
Figure 30. Neutral atoms (green dots) arranged in various configurations
Figure 31. Neutral Atom Hardware Roadmap
Figure 32. SWOT analysis for neutral-atom quantum computers
Figure 33. NV center components
Figure 34. Diamond Defect Supply Chain
Figure 35. Diamond Defect Hardware Roadmap
Figure 36. SWOT analysis for diamond-defect quantum computers
Figure 37. D-Wave quantum annealer
Figure 38. SWOT analysis for quantum annealers
Figure 39. Quantum software development platforms
Figure 40. Tech Giants quantum technologies activities
Figure 41. Quantum Technology investment by sector, 2023
Figure 42. Quantum computing public and industry funding to mid-2023, millions USD
Figure 43. Archer-EPFL spin-resonance circuit
Figure 44. IBM Q System One quantum computer
Figure 45. ColdQuanta Quantum Core (left), Physics Station (middle) and the atoms control chip (right)
Figure 46. Intel Tunnel Falls 12-qubit chip
Figure 47. IonQ's ion trap
Figure 48. IonQ product portfolio
Figure 49. 20-qubit quantum computer
Figure 50. Maybell Big Fridge
Figure 51. PsiQuantum's modularized quantum computing system networks
Figure 52. SemiQ first chip prototype
Figure 53. Toshiba QKD Development Timeline
Figure 54. Toshiba Quantum Key Distribution technology.

The Global Market for Quantum Computing 2025-2045

Description

Table of Contents

List of Tables

Key features of the report include:

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. INTRODUCTION

3. QUANTUM ALGORITHMS

4. QUANTUM COMPUTING HARDWARE

5. QUANTUM COMPUTING INFRASTRUCTURE

6. QUANTUM COMPUTING SOFTWARE

7. MARKETS AND APPLICATIONS

8. OTHER CROSSOVER TECHNOLOGIES

9. MATERIALS FOR QUANTUM COMPUTING

10. MARKET ANALYSIS

11. COMPANY PROFILES (208 company profiles)

12. RESEARCH METHODOLOGY

13. TERMS AND DEFINITIONS

14. REFERENCES

List of Tables

List of Figures