Quantum market to triple by 2030

The global quantum market will grow from 760 million dollars last year to 2.1 billion dollars in 2030, according to Yole Intelligence. The computing segment still attracts the most R&D effort and investment, but quantum communication and quantum sensing are catching up. The market research firm projects a CAGR of 13-14 percent in the 2022-2030 time frame.

“The quantum ecosystem is maturing step-by-step and strengthening through research project collaborations, patent portfolio (China is currently dominant), creation of numerous startups (USA, Canada and Europe are leading) and big semiconductor vendor/equipment makers entering the game. As a consequence, an industrial quantum supply chain is developing. Many companies are positioning themselves, from materials and equipment providers to chip foundries, systems, services and associated hardware,” says Eric Mounier, director of market research at Yole Intelligence.

Semiconductor players that have involved themselves with quantum technology include Globalfoundries, Intel, TSMC, X-Fab and Applied Materials.