Quantum Processing Units (QPU) Market Report: Trends, Forecast and Competitive Analysis to 2030

Quantum Processing Units (QPU) Trends and Forecast

The future of the global quantum processing units (QPU) market looks promising with opportunities in the logistics, automotive & transportation, industrial, chemicals, environment, and BFSI markets. The global quantum processing units (QPU) market is expected to reach an estimated $8690.4 million by 2030 with a CAGR of 40.1% from 2024 to 2030. The major drivers for this market are increasing demand from the military and business sectors for quantum computing, exponential growth in quantum-safe cryptography applications and standards, and continuous technological innovation and improvements in fabrication technologies.

A more than 150-page report is developed to help in your business decisions.

Quantum Processing Units (QPU) by Segment

The study includes a forecast for the global quantum processing units (QPU) by offering, technology, application, end use industry, and region.

Quantum Processing Units (QPU) Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Quantum Processing Units (QPU) Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Trapped Ions
• Superconducting Processors
• Photonic Processors
• Others

Quantum Processing Units (QPU) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Factory Automation
• Material Science
• Environment Monitoring
• Cybersecurity
• Others

Quantum Processing Units (QPU) Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Logistics
• Automotive & Transportation
• Industrial
• Chemicals
• Environment
• BFSI
• Others

Quantum Processing Units (QPU) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Quantum Processing Units (QPU) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum processing units (QPU) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum processing units (QPU) companies profiled in this report include-

• Accenture
• Amazon Web Services
• D-Wave Quantum
• Fujitsu Limited
• Intel Corporation
• Microsoft Corporation
• NVIDIA Corporation
• QuantWare
• Rigetti Computing
• HCL Technologies

Quantum Processing Units (QPU) Market Insights

Lucintel forecasts that hardware will remain the largest segment over the forecast period.

Within this market, logistics will remain the largest segment.

North America will remain the largest region over the forecast period due to increase in the use of quantum computing in the financial, healthcare, aerospace, and environmental monitoring industries, as well as, growth in qpu use across a range of space and aviation applications in the region.

Features of the Global Quantum Processing Units (QPU) Market

Market Size Estimates: Quantum processing units (QPU) market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Quantum processing units (QPU) market size by various segments, such as by offering, technology, application, end use industry, and region in terms of value ($M).

Regional Analysis: Quantum processing units (QPU) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offerings, technologies, applications, end use industries, and regions for the quantum processing units (QPU) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the quantum processing units (QPU) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the quantum processing units (QPU) market size?

Answer: The global quantum processing units (QPU) market is expected to reach an estimated $8690.4 million by 2030.

Q2. What is the growth forecast for quantum processing units (QPU) market?

Answer: The global quantum processing units (QPU) market is expected to grow with a CAGR of 40.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the quantum processing units (QPU) market?

Answer: The major drivers for this market are increasing demand from the military and business sectors for quantum computing, exponential growth in quantum-safe cryptography applications and standards and continuous technological innovation and improvements in fabrication technologies.

Q4. What are the major segments for quantum processing units (QPU) market?

Answer: The future of the quantum processing units (QPU) market looks promising with opportunities in the logistics, automotive & transportation, industrial, chemicals, environment, and BFSI markets.

Q5. Who are the key quantum processing units (QPU) market companies?

Answer: Some of the key quantum processing units (QPU) companies are as follows.

• Accenture
• Amazon Web Services
• D-Wave Quantum
• Fujitsu Limited
• Intel Corporation
• Microsoft Corporation
• NVIDIA Corporation
• QuantWare
• Rigetti Computing
• HCL Technologies

Q6. Which quantum processing units (QPU) market segment will be the largest in future?

Answer: Lucintel forecasts that hardware will remain the largest segment over the forecast period.

Q7. In quantum processing units (QPU) market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increase in the use of quantum computing in the financial, healthcare, aerospace, and environmental monitoring industries, as well as, growth in qpu use across a range of space and aviation applications in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the quantum processing units (QPU) market by offering (hardware, software, and services), technology (trapped ions, superconducting processors, photonic processors, and others), application (factory automation, material science, environment monitoring, cybersecurity, and others), end use industry (logistics, automotive & transportation, industrial, chemicals, environment, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?