Global Quantum Key Distribution (QKD) Market Growth (Status and Outlook) 2023-2029

Global Quantum Key Distribution (QKD) Market Growth (Status and Outlook) 2023-2029

Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security. The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as “BB84”. Five years later, they built the first QKD prototype system which was said to be “secure against any eavesdropper who happened to be deaf” as it made audible noises while encoding crypto key onto single photons.

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

This Insight Report provides a comprehensive analysis of the global Quantum Key Distribution (QKD) 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 Key Distribution (QKD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Quantum Key Distribution (QKD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Quantum Key Distribution (QKD) 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 Key Distribution (QKD).

The global Quantum Key Distribution (QKD) market size is projected to grow from US$ 1381.2 million in 2022 to US$ 5033.9 million in 2029; it is expected to grow at a CAGR of 20.3% from 2023 to 2029.

Global major players in quantum key distribution (QKD) market include ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, etc. Top 5 companies occupied about 81% market share. Service providers are mainly located in Europe and North America, they occupied for a share over 53%. North America is the largest market with about 42% market share. Asia-Pacific and Europe are followers, accounting for about 32% and 22% market share, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Quantum Key Distribution (QKD) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Type I
Type II

Segmentation by application
Financial
Government
Military & Defense
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.
ID Quantique
SeQureNet
Quintessence Labs
MagiQ Technologies
Toshiba
QuantumCTek
Qasky
Qudoor

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