As the market for quantum computing continues to expand globally, the technology’s commercial potential remains hampered by familiar roadblocks. The complexity of producing a functional quantum computer continues to stymie the development of practical applications in the defense sector and beyond. However, steady investment in this sector is unveiling new design philosophies which could accelerate the timetable for eventual deployments, while studies on the potential for quantum systems to enhance existing capabilities are also showing promise. Though it remains uncertain how soon these technological developments could revolutionize the utility of quantum computing, major players including China, France, Germany, the UK, and the US continue to provide significant funding as they all seek to gain a strategic advantage over the next several decades.
The immaturity of quantum computing technology continues to hamper the diversification of products and applications. Leading market analysts estimated the value of the global quantum computing market in 2022 at $10 billion, with some anticipating growth of up to $125 billion by 2030. However, any such predictions regarding the quantum computing market are educated guesses at best, given its nascence and the prospect of unanticipated technological breakthroughs. Sales of actual quantum computing devices remain limited due to the high costs and inherent complexity of both designing and operating one effectively. The main business currently lies in the growth of the cloud-based quantum service businesses offered by leading firms IBM, Google, Microsoft, Alibaba, Honeywell, IonQ, Rigetti, D-Wave, and Amazon.
The immaturity of quantum computing technology continues to hamper the diversification of products and applications. Leading market analysts estimated the value of the global quantum computing market in 2022 at $10 billion, with some anticipating growth of up to $125 billion by 2030. However, any such predictions regarding the quantum computing market are educated guesses at best, given its nascence and the prospect of unanticipated technological breakthroughs. Sales of actual quantum computing devices remain limited due to the high costs and inherent complexity of both designing and operating one effectively. The main business currently lies in the growth of the cloud-based quantum service businesses offered by leading firms IBM, Google, Microsoft, Alibaba, Honeywell, IonQ, Rigetti, D-Wave, and Amazon.
- The key defense challenges that forces and defense sector suppliers face are covered.
- The investment opportunities for armed forces, suppliers, and institutional investors, across the whole quantum computing value chain are covered.
- Highlights from the range different quantum computing research and development programs currently being undertaken by various military organizations and defense companies.
Scope
- Studies of emerging technological trends and their broader impact on the defense market.
- Analysis of the defense related quantum computing projects currently under development, as well cross-industry research initiatives which could impact the future applications of this technology.
Reasons to Buy
- Determine potential investment companies based on trend analysis and market projections.
- Gaining an understanding of the market challenges and opportunities surrounding the quantum computing theme.
- Understanding how spending on quantum computing will fit into the overall market and which spending areas are being prioritized.
Table of Contents
- Executive summary
- Players
- Technology briefing
- Quantum in defense - high hopes & low expectations
- Trends
- Technology Trends
- Macroeconomic trends
- Regulatory trends
- Industry analysis
- Market size & growth forecasts
- Country outlook
- Mergers and acquisitions
- Venture financing
- Patent trends
- Company filing trends
- Hiring trends
- Case Studies
- Timeline
- Value Chain
- Quantum infrastructure
- Quantum computing hardware platform
- Quantum software
- Quantum applications
- Quantum services
- Companies
- Defense companies
- Public tech companies
- Private tech companies
- Sector Scorecards
- Aerospace, defense and security scorecard
- Glossary
- Further reading about Thematic Research Methodology
- About the Publisher
- Contact the Publisher
- Leading players in the quantum computing theme
- Quantum computers handle information in a fundamentally different way from classical computers
- Quantum volume is a more comprehensive metric than qubit count
- Quantum warfare conceptualization
- Quarterly year-on-year growth in revenue
- Quarterly revenue in 2023
- Global security revenues, 2019 - 2027
- Numerous countries are developing national quantum strategies
- Quantum computing venture finance deals 2019-2022
- Quantum computing patent publications volume, 2015 - 2023
- Quantum computing patent publication trends, 2004 - 2023
- Quantum computing mentions in company filing trends, 2017-2023
- Quantum computing hiring trends in aerospace & defense, 2021-2023
- Quantum computing hiring trends, 2021 - 2023
- The quantum computing in defense timeline
- Quantum computing value chain
- Quantum infrastructure value chain
- Quantum computing hardware & platform value chain
- Quantum software value chain
- Quantum applications value chain
- Quantum services value chain
- Sector scorecard - Companies
- Sector scorecard - Thematic
- Sector scorecard - Valuation
- Sector scorecard - Risk
- Classical vs Quantum computers comparison
- Quantum qubit architectures
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Mergers and acquisitions
- Companies: Defense Companies
- Companies: Public Tech Companies
- Companies: Private Tech Companies
- Glossary
- Further Reading
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bluefors
- Coax
- ColdQuanta
- Coherent
- Oxford Instruments
- Zurich Instruments
- Miraex
- Qontrol Systems
- Stirling Cryogenics
- Supercon
- Temati
- WEKA
- Alibaba
- Microsoft
- IBM
- Honeywell
- IonQ
- PsiQuantum
- Infineon
- NEC
- Quandela
- Nokia
- RTX Corp
- QuTech
- D-Wave
- Q-CTRL
- Riverlane
- Cambridge Quantum
- Baidu
- 1Qbit
- Horizon Quantum
- Xanadu
- Rigetti
- QxBranch
- PQShield
- QBitShield
- Acenture
- Amazon
- EY
- QC Ware
- McKinsey
- Qubitekk
- Mphasis
- StrangeWorks
- Airbus
- CETC
- Lockheed Martin
- Northrop Grumman
- Boeing
- BAE Systems
- CSIC
- ColdQuanta
- ORCA
- Bright Apps
