Quantum Technology Industry Report 2024

TABLE OF CONTENTS

PART ONE: INTRODUCTION

• Why does the Quantum Industry Need this Report?
• What is Quantum Technology?
• The Importance of Being a Qubit
• Plan of this Report
• Research Methodology Used

PART TWO: QUANTUM COMPUTING AND QUANTUM PROCESSORS

• Full-stack Quantum Computers
• The QPU Business
• Roadmaps
• The Many Ways to Quantum Computing: Technology Developments Worldwide
• The IQT Ten: Ten Companies that Matter In Quantum Computing
• Quantum Inspired and Quantum Hybrid Systems
• Quantum Computing and Pharmaceuticals
• Quantum Computing and Advanced Materials
• Quantum Computing in the Automotive Industry
• Quantum in the Aerospace Industry
• Defense and National Security
• Quantum and the Financial Services Industry
• Ten-year Forecasts of Quantum Computing in Financial Services
• Planning and Implementing Quantum Computing in the Enterprise
• Coda: The Future of Quantum Computing: Quantum Advantage

PART THREE: QUANTUM AI AND THE FUTURE

• Quantum AI: Current State of the Art
• GPUs and QPUs
• New Product Development with Quantum AI
• Searching Huge Databases
• Quantum AI Optimization
• Advantages of Quantum over Classical in an AI Environment
• Implementing Quantum AI

PART FOUR: QUANTUM CYBERSECURITY

• Cybersecurity: When will the Quantum Threat Arrive?
• Cybersecurity Policy Considerations in the U.S.
• QKD + PQC + QNG: Emerging Techno-strategies for Quantum Cybersecurity
• Quantum Key Distribution
• PQC Cybersecurity Standards and Products
• PQC: Software Hardware and Services
• QRNGs

PART FIVE: QUANTUM NETWORKING AND THE COMING OF THE QUANTUM INTERNET

• An Introduction to Quantum Networking
• Quantum Repeaters
• The Evolution of Quantum Networks
• Quantum Network Market Forecast
• Quantum Networks in the U.S.
• Quantum Networks in China
• Quantum Networks in Europe
• The Coming of the Quantum Internet
• The Quantum Internet- of-Things

PART SIX: QUANTUM SENSORS: THE FIRST COMMERCIAL QUANTUM TECHNOLOGY SECTOR?

• The Quantum Sensor Sector in 2023 and beyond
• Quantum Sensor Market Forecast and Drivers
• Chip-scale Atomic Clocks
• Quantum Magnetometers
• Quantum Light Detectors
• Quantum Gravimeters, etc.
• Quantum Sensors in Transportation and Navigation
• Quantum Sensors in Construction, Surveying and the Oil and Gas Industries
• Quantum-enhanced Imaging in the Healthcare Segment
• Quantum Sensors in Defense
• Major Influencers on the Quantum Sensor Business

PART SEVEN: QUANTUM COMPONENTS AND QUANTUM MATERIALS

• Introduction
• Dilution refrigerators: Latest developments
• Control Electronics and Cables: A Growing Opportunity
• Microwave and Optical Components
• Buying in or Making Components
• Quantum Materials

PART EIGHT: FINANCING THE QUANTUM REVOLUTION

• Introduction
• Venture Quantum
• Public Companies and the Rise of SPACs
• A Quantum Funding Winter?
• Quantum Funding Alternatives

PART NINE: WORKFORCE AND EDUCATION ISSUES

• Introduction
• The Quantum Workforce
• Why Start Now for Future Quantum Technology?
• What Skills Are Needed for a Quantum Workforce?
• The Role of Industrial Training
• Training from Professional Societies and Related Organizations
• Quantum Vendor-based Training
• Universities and Quantum Centers
• How to Create a Quantum Workforce
• Executive education: Do CEOs Need to Know About Quantum?

PART TEN: DEVELOPMENTS AT THE NATIONAL AND INTERNATIONAL LEVEL

• Quantum Technology: Policy and Politics
• Introduction: Quantum and Sino-American Relations
• Quantum in Canada
• Russia, Quantum and the Ukraine War
• The U.K., New Quantum Funding and Brexit
• Switzerland and Quantum
• Pan-European and European National Programs
• Quantum Technology In Japan
• Quantum in South Korea

Appendix One: Author Biography

List of Exhibits

• Exhibit 1-1: Eight-year Forecast of the Quantum Technology Market ($ Millions)
• Exhibit 1-2: A Map of Quantum Technology: Sectors, Subsectors and Status
• Exhibit 1-3: Selected Recent Advances in Error Correction/Fault Tolerant Quantum Computing
• Exhibit 2-1: Components of a Full-stack Quantum Computer
• Exhibit 2-2: Comparative Analysis of Quantum Computer Qubits and Fidelity
• Exhibit 2-3: Quantum Computer Technologies
• Exhibit 2-4: Ten Quantum Computer Firms to Watch
• Exhibit 2-5: Applications of Quantum Computing in Banking and Financial Services
• Exhibit 2-6: Expenditures on Quantum Computers by Types of Financial User ($ Millions)
• Exhibit 2-7: Evolution of Quantum Computing in the Enterprise
• Exhibit 4-1: Expenditures on Quantum Cybersecurity by Type of Technology ($ Millions)
• Exhibit 4-2: Six Factors Shaping the Worldwide QKD Sector
• Exhibit 4-3: NSA Perspectives and Counterviews
• Exhibit 4-4: PQC Algorithms Chosen by NIST in 2022
• Exhibit 4-5: PQC Software Opportunities
• Exhibit 4-6: QRNG Opportunities by End-user Market
• Exhibit 4-7: QRNG Opportunities By End-user Market
• Exhibit 4-8: Five Factors Shaping the QRNG Sector
• Exhibit 5-1: Three Generations of Quantum Repeater (QR) Development
• Exhibit 5-2: Timetable for the Evolution of Quantum Networks
• Exhibit 5-3: Expenditures for Quantum Networking Systems by Type and Products Used ($ Millions) (1)
• Exhibit 5-4: Notable Chinese Quantum Networking Achievements
• Exhibit 6-1: Quantum Sensing Technologies by Industrial Sector
• Exhibit 6-2: Summary of Eight-year Forecasts of Quantum Sensor Markets, by Type of Sensor ($ Millions)
• Exhibit 6-3: Use of Quantum Sensors for Enhanced Imaging in the Healthcare Sector
• Exhibit 7-1: Technology Approaches to Cryochips
• Exhibit 10-1: The Pillars of the European Quantum Program