Quantum Photonics Market by Component, Application, End-User

Description

List of Tables

[184 Pages Report] The Quantum Photonics Market size was estimated at USD 692.86 million in 2023 and expected to reach USD 894.21 million in 2024, at a CAGR 31.35% to reach USD 4,675.61 million by 2030.

Global Quantum Photonics Market

KEY MARKET STATISTICS
Base Year [2023]	USD 692.86 million
Estimated Year [2024]	USD 894.21 million
Forecast Year [2030]	USD 4,675.61 million
CAGR (%)	31.35%

Quantum Photonics is an interdisciplinary field that combines principles of quantum mechanics and photonics to explore and manipulate the fundamental properties of light-matter interactions at the quantum level. It aims to harness the unique characteristics of quantum states, such as superposition, entanglement, and nonlocality, for applications in secure communication, sensing, and computing. Quantum Photonics encompasses a wide range of research areas, including single-photon sources and detectors, quantum optics, photonic integrated circuits, and nonlinear optical processes. In recent years, there has been significant progress in generating single photons on demand using various techniques such as spontaneous parametric down-conversion (SPDC), quantum dot-based emitters, color centers in diamonds (like NV centers), or trapped atoms. Over the years, several factors have been driving the growth of the global quantum photonics market. These include increasing demand for secure data communication owing to rising cybersecurity threats, significant advancements in nanotechnology and materials science enabling the development of compact and efficient photonic devices, and government initiatives supporting research activities in quantum technologies. Despite the positive factors presented by this emerging field, the requirement of high initial investment and technical challenges, such as maintaining coherence time in qubits for practical implementation and integration complexities when combining traditional photonics with quantum elements, have been limiting the market scope.

Apart from these challenges, market players are presenting promising avenues for innovation, which involve developing fault-tolerant architectures to improve the robustness of quantum systems, novel materials, and fabrication techniques to enhance device performance, which is expected to create lucrative opportunities for the global quantum photonics market.

Regional Insights

In the Americas region, particularly North America, there has been substantial investment in research and development (R&D) of quantum photonic devices. In January 2020, the United States Department of Energy announced a USD 625 million investment over five years for establishing Quantum Information Science Research Centers focused on emerging technologies such as quantum networking and computing. These initiatives are expected to propel the demand for quantum photonic components in data center connectivity solutions and optical communication systems. Europe is another region witnessing significant advancements in quantum photonics owing to increased government funding and private-sector collaborations. The Quantum Technologies Flagship Programme was launched by the European Commission in 2018 with a budget of EUR 1 billion over ten years to accelerate Europe's leadership position in developing cutting-edge quantum technology applications such as secure communication systems and ultra-sensitive sensors. Moreover, ongoing research activities in academic institutions across the region have created a stronger landscape for the EMEA's quantum photonics market. Asia-Pacific is poised to become one of the fastest-growing regions for the quantum photonics market, with countries including China, Japan, and South Korea leading the way. The Chinese government has significantly increased investments in developing quantum communication networks, which is expected to create a surge in demand for quantum photonic components over the next few years. In addition, several regional private organizations have established their own research institutes focused on advancing quantum technologies, which are expected to foster research and development of these cutting-edge technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Quantum Photonics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Quantum Photonics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Quantum Photonics Market, highlighting leading vendors and their innovative profiles. These include AOSense,Inc., Crypta Labs Limited, ID Quantique SA, M Squared Group, MagiQ Technologies, Inc. by Springbrook Software, Menlo Systems GmbH, NEC Corporation, Nordic Quantum Computing Group AS, NTT Group, Nu Quantum Ltd., ORCA Computing Limited, PsiQuantum, Corp., Quandela, Quantum Dice, Quantum Xchange, Inc., Qubitekk, Inc., QuintessenceLabs Pty Ltd., Quix Quantum BV, QUSIDE TECHNOLOGIES S.L., Thorlabs, Inc., Toshiba Corporation, TundraSystems Global LTD., and Xanadu Quantum Technologies Inc..

Market Segmentation & Coverage

This research report categorizes the Quantum Photonics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
- System
Application
- Quantum Communication
- Quantum Computing
- Quantum Sensing & Metrology
End-User
- Agriculture
- Banking & Finance
- Defense
- Healthcare & Pharmaceuticals
- Transportation & Logistics
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Quantum Photonics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Quantum Photonics Market?

3. What are the technology trends and regulatory frameworks in the Quantum Photonics Market?

4. What is the market share of the leading vendors in the Quantum Photonics Market?

5. Which modes and strategic moves are suitable for entering the Quantum Photonics Market?

Product Code: MRR-CF6C60CF95D1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Quantum Photonics Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for secure communication across industries
  - 5.1.1.2. Surging investments by governments in quantum technologies
- 5.1.2. Restraints
  - 5.1.2.1. High cost of development of quantum photonics
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in the development of quantum photonics
  - 5.1.3.2. Collaboration and partnership activities between market vendors to advance quantum photonics
- 5.1.4. Challenges
  - 5.1.4.1. Security and privacy concerns with quantum photonics
5.2. Market Segmentation Analysis
- 5.2.1. Component: High demand for continuous support and maintenance from industry experts
- 5.2.2. Application: Growing significance of quantum computing in outpacing classical computing capabilities
- 5.2.3. End-User: Enabling breakthroughs that address industry-specific needs while offering competitive advantages to early adopters.
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Quantum Photonics Market, by Component

6.1. Introduction
6.2. Services
6.3. System

7. Quantum Photonics Market, by Application

7.1. Introduction
7.2. Quantum Communication
7.3. Quantum Computing
7.4. Quantum Sensing & Metrology

8. Quantum Photonics Market, by End-User

8.1. Introduction
8.2. Agriculture
8.3. Banking & Finance
8.4. Defense
8.5. Healthcare & Pharmaceuticals
8.6. Transportation & Logistics

9. Americas Quantum Photonics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Quantum Photonics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Quantum Photonics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Q.ANT Partners with PlanQK to Advance Photonic Quantum Technology
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. Quantum Computing Inc. Launches the First Quantum Photonic Vibrometer
- 12.3.3. Investment & Funding
  - 12.3.3.1. PhotonVentures Raises EUR 60 Million to Supercharge Europe's Photonics Startups

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. AOSense,Inc.
- 13.1.2. Crypta Labs Limited
- 13.1.3. ID Quantique SA
- 13.1.4. M Squared Group
- 13.1.5. MagiQ Technologies, Inc. by Springbrook Software
- 13.1.6. Menlo Systems GmbH
- 13.1.7. NEC Corporation
- 13.1.8. Nordic Quantum Computing Group AS
- 13.1.9. NTT Group
- 13.1.10. Nu Quantum Ltd.
- 13.1.11. ORCA Computing Limited
- 13.1.12. PsiQuantum, Corp.
- 13.1.13. Quandela
- 13.1.14. Quantum Dice
- 13.1.15. Quantum Xchange, Inc.
- 13.1.16. Qubitekk, Inc.
- 13.1.17. QuintessenceLabs Pty Ltd.
- 13.1.18. Quix Quantum BV
- 13.1.19. QUSIDE TECHNOLOGIES S.L.
- 13.1.20. Thorlabs, Inc.
- 13.1.21. Toshiba Corporation
- 13.1.22. TundraSystems Global LTD.
- 13.1.23. Xanadu Quantum Technologies Inc.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing