The global Quantum Computing Chip market is anticipated to grow at a CAGR of 45.1% during the forecast period (2023-2030). Technological advancement and upgradation has a positive impact on almost every industry including IT and cloud service provider globally and the demand for advance computing and effective security solution is rapidly growing. There is an exponential increase in the number of people using it and cloud platforms across the globe which required effective and advance computing solutions. Silicon spin qubits are superior to other qubit technologies because of their synergy with leading-edge transistors. Being the size of a transistor, they are up to 1 million times smaller than other qubit types measuring approximately 50 nanometers by 50 nanometers, potentially allowing for efficient scaling. Hence market players are introducing new and improved computing chips in the market. For an instance in June 2023, Intel announced the release of its newest quantum research chip, Tunnel Falls, a 12-qubit silicon chip, and it is making the chip available to the quantum research community. In addition, Intel is collaborating with the Laboratory for Physical Sciences (LPS) at the University of Maryland, College Park’s Qubit Collaboratory (LQC), a national-level Quantum Information Sciences (QIS) Research Center, to advance quantum computing research.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/quantum-computing-chip-market
Another factor supporting the market growth includes the growing adoption of strategic initiatives by various market key players such as partnership, merger, acquisition, product launch etc. For instance, in august 2021, Xanadu and imec entered into partnership to develop photonic chips for fault tolerant quantum computing the next generation of photonic qubits based on ultra-low loss silicon nitride (SiN) waveguides. It uses particles of light to carry information through photonic chips, rather than electrons or ions used by other approaches. Xanadu’s photonic approach offers the benefits of scalability to one million qubits via optical networking, room temperature computation, and the natural ability to leverage fabrication R&D centers such as imec.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes IBM Corp, Google LLC, Amazon Web Services Inc., Xanadu Quantum Technologies Inc., D-Wave Quantum Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Quantum Computing Chip Market Report Segment
By Type
By Application
Global Quantum Computing Chip Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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