Quantum Computing Chip Market
Quantum Computing Chip Market Size, Share & Trends Analysis Report by Type (Photonic Chip, Semiconductor spin qubits, Superconducting Chip and Trapped ion), by Application (Below 30 Qubit Quantum Computer, 30-50 Qubit Quantum Computer, 50-60 Qubit Quantum Computer and Above 60 Qubit Quantum Computer), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Quantum Computing Chip market is anticipated to grow at a CAGR of 45.1% during the forecast period (2023-2030). Quantum Computing Chip is a subfield of computer science based on quantum theory. It is a cutting-edge technology that uses quantum mechanics to solve more difficult problems for classical computers and is rapidly developing. It differs from standard computing in terms of data, speed, and bits. It is primarily used to compare and select the best answer to a complex problem.
Segmental Outlook
The global quantum computing chip market is segmented on the type, and application. Based on the type, the market is sub-segmented into Photonic Chip, Semiconductor spin qubits, Superconducting Chip and Trapped ion. Based on the application, the market is sub-segmented into below 30 qubit quantum computer, 30-50 qubit quantum computer, 50-60 qubit quantum computer and above 60 qubit quantum computer. Among the type, the superconducting chip sub-segment is anticipated to hold a considerable share of the market owing to the rise in demand for heat reduction computing system which can perform better and faster in government organizations as well as startups.
The Photonic Chip Sub-Segment is Anticipated to Hold a Considerable Share of the Global Quantum Computing Chip Market
Among the type, the photonic sub-segment is expected to hold a considerable share of the global quantum computing chip market. The segmental growth is attributed to the growing concern of security and better processing power to reduce the processing time. For an instance in May 2023, Microsoft requires a sustainable supply of advanced chips to power innovation from artificial intelligence to quantum computing. The CHIPS and Science Act, passed last year, aims to boost domestic research and manufacturing capacity for critical microelectronics. To support this ambitious effort, the U.S. Department of Defense (DoD) launched the Rapid Assured Microelectronics Prototypes (RAMP) using Advanced Commercial Capabilities program, an effort to accelerate the secure, sustainable development of microelectronics for defense technologies.
Regional Outlook
The global Quantum Computing Chip market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Europe is anticipated to hold a prominent share of the market across the globe, owing to rising adoption of new technologies by medium and large scale businesses in the industrial sector. As well as the rising number of startups and efforts by governments to boost the usage of cloud-based technology. Which will also facilitate market growth.
Global Quantum Computing Chip Market Growth, by Region 2023-2030
The North-America Region is Expected to Grow at a Significant CAGR in the Global Quantum Computing Chip Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Owing to the highly competitive nature of the market and early adoption of advanced technologies in the region. This region also have the majority of market players such as IBM Corp, Intel Corp, Microsoft Corp, AWS Inc., google LLc and others. The development of new superconducting chip designs will further fuel market growth. Quantum chips have been used as prototypes for applications such as encryption and decryption via computations to achieve privacy in computer communication networks without any interference from noise or third-party interception attempt. Recent rapid development in this fields are contributing in the market growth. For an instance in March 2023, Scientists have developed an alternative to standard quantum chips, making the production of quantum computers more scalable, affordable, and sustainable. Researchers from VTT Technical Research Centre announced their revolutionary technology for quantum computers today. Known as SemiQon, the quantum processor chip is made from silicon semiconductors – a stark contrast to current approaches, which are usually modelled making non-standard materials.Because the new processor chips are much more scalable and easier to manufacture, building quantum processors that will require millions of qubits for fault-tolerant operation could be a thing of the past
Hence, there is considerable shift of the country towards the adoption of the Quantum Computing Chip market solutions.
Market Players Outlook
The major companies serving the quantum computing chip market include IBM Corp, Google LLC, Amazon Web Services Inc., Xanadu Quantum Technologies Inc., D-Wave Quantum Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, quantum computer startup SEEQC announced that it has developed a digital chip that can operate at temperatures colder than outer space so it can be used with quantum processors that are often in cryogenic chambers.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Quantum Computing Chip market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Google LLC
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Intel Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Quantum Computing Chip Market by Type
4.1.1. Photonic Chip
4.1.2. Semiconductor spin qubits
4.1.3. Superconducting Chip
4.1.4. Trapped ion
4.2. Global Quantum Computing Chip Market by Application
4.2.1. Below 30 Qubit Quantum Computer
4.2.2. 30-50 Qubit Quantum Computer
4.2.3. 50-60 Qubit Quantum Computer
4.2.4. Above 60 Qubit Quantum Computer
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amazon Web Services, Inc.
6.2. D-Wave Quantum Inc.
6.3. Fujitsu Ltd
6.4. Honeywell International Inc.
6.5. IonQ Inc.
6.6. IQM Finland Oy
6.7. M Squared Lasers Limited
6.8. Microsoft Corp
6.9. Origin Quantum Computing Technology
6.10. OxfordQuantumCircuits
6.11. Quandela
6.12. Quantinuum Ltd
6.13. Rigetti Computing
6.14. Silicon Quantum Computing
6.15. Xanadu Quantum Technologies Inc.
1. GLOBAL QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL PHOTONIC QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL SEMICONDUCTOR SPIN QUBITS QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SUPERCONDUCTING QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL TRAPPED ION COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
7. GLOBAL QUANTUM COMPUTING CHIP FOR BELOW 30 QUBIT MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
8. GLOBAL QUANTUM COMPUTING CHIP FOR 30-50 QUBIT MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
9. GLOBAL QUANTUM COMPUTING CHIP FOR 50-60 QUBIT MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
10. GLOBAL QUANTUM COMPUTING CHIP FOR ABOVE 60 QUBIT MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
11. GLOBAL QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. NORTH AMERICAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
13. NORTH AMERICAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
14. NORTH AMERICAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
15. EUROPEAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. EUROPEAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
17. EUROPEAN QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
18.
19. ASIA- PACIFIC QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. ASIA- PACIFIC QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
21. ASIA- PACIFIC QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. REST OF THE WORLD QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. REST OF THE WORLD QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
24. REST OF THE WORLD QUANTUM COMPUTING CHIP MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL QUANTUM COMPUTING CHIP MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL PHOTONIC QUANTUM COMPUTING CHIP MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL SEMICONDUCTOR SPIN QUBITS QUANTUM COMPUTING CHIP MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL SUPERCONDUCTING QUANTUM COMPUTING CHIP MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL TRAPPED ION QUANTUM COMPUTING CHIP MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL QUANTUM COMPUTING CHIP MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
7. GLOBAL QUANTUM COMPUTING CHIP FOR BELOW 30 QUBIT MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL QUANTUM COMPUTING CHIP FOR 30-50 QUBIT MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL QUANTUM COMPUTING CHIP FOR 50-60 QUBIT MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL QUANTUM COMPUTING CHIP FOR ABOVE 60 QUBIT MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL QUANTUM COMPUTING CHIP MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. US QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
13. CANADA QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
14. UK QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
15. FRANCE QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
16. GERMANY QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
17. ITALY QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
18. SPAIN QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
19. REST OF EUROPE QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
20. INDIA QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
21. CHINA QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
22. JAPAN QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
23. SOUTH KOREA QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF ASIA-PACIFIC QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF THE WORLD QUANTUM COMPUTING CHIP MARKET SIZE, 2022-2030 ($ MILLION)
