Global Quantum Communication Market Growth (Status and Outlook) 2023-2029

Global Quantum Communication Market Growth (Status and Outlook) 2023-2029

The global Quantum Communication market size is projected to grow from US$ 1064.6 million in 2022 to US$ 5567.6 million in 2029; it is expected to grow at a CAGR of 26.7% from 2023 to 2029.

The key manufacturers of Quantum Communication is MagiQ Technologies, ID Quantique, QuantumCTek, Toshiba, CAS Quantum Network, Crypta Labs, NEC, Qubitekk and QuintessenceLabs, among which the top two manufacturers account for nearly 40% of the market share, and the largest manufacturer is MagiQ Technologies. Global quantum communication is mainly distributed in North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, among which the top three regions account for nearly 95% of the market share. At present, the Asia-Pacific region has the largest market share, nearly 40%, followed by North America and Europe. As far as products are concerned, they can be divided into hardware, software and services, with a growth rate of about 20%. At present, the market share of hardware is close to 50%. In terms of application, government is the largest application field, with a current market share of nearly 30%, followed by defense, military and telecommunication.

Quantum communication is a new type of communication method that uses quantum superposition and entanglement effects to transmit information. Based on the three principles of uncertainty, measurement collapse and non-cloning in quantum mechanics, it provides an absolute security guarantee that cannot be eavesdropped and calculated. The main division is quantum key distribution and quantum teleportation.

LPI (LP Information)' newest research report, the “Quantum Communication Industry Forecast” looks at past sales and reviews total world Quantum Communication sales in 2022, providing a comprehensive analysis by region and market sector of projected Quantum Communication sales for 2023 through 2029. With Quantum Communication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Quantum Communication industry.

This Insight Report provides a comprehensive analysis of the global Quantum Communication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Quantum Communication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Quantum Communication market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Quantum Communication and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Quantum Communication.

This report presents a comprehensive overview, market shares, and growth opportunities of Quantum Communication market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Service

Segmentation by application
Government
Military and Defense
Telecommunication
BFSI
Enterprise
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MagiQ Technologies
ID Quantique
QuantumCTek
Toshiba
CAS Quantum Network
Crypta Labs
NEC
Qubitekk
QuintessenceLabs
Arqit
Beijing ZhongChuangWei
KETS Quantum
SpeQtral
Crypto Quantique
Ki3 Photonics
Anhui Qasky Quantum Technology
QEYnet
QuantLR
Qunnect
GoQuantum
Nu Quantum
Quantum Xchange
Qulabs
Quantropi
Aliro Quantum
Aegiq
Qudoor
Quantum Telecommunications Italy (QTI)
nodeQ
ThinkQuantum

Please note: The report will take approximately 2 business days to prepare and deliver.