Quantum Computing in Aerospace & Defense Market Overview
Quantum computing in aerospace and defence market is expected to acquire substantial traction during the projected period. Several countries, including the United States and China, are heavily investing in the development of quantum computing technologies. Furthermore, during the estimated period, significant military investments in various regions are predicted to boost market expansion.
Quantum computing in the aerospace and defence market has various advantages over traditional computing, such as weapon system platform synchronization, which might provide the military with a strategic advantage. Quantum computers can handle massive volumes of data, allowing militaries to design more effective war strategies and communication networks to boost defence operations.
Artificial intelligence (AI) is being more widely used in the military. Systems that combine AI and quantum computing are intended to improve military prowess by providing features like improved security for crucial military assets. Furthermore, rising military spending in nations like the United States, China, and Saudi Arabia is likely to boost market growth during the projection period.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | D-Wave Systems Inc., Qxbranch LLC, IBM Corporation, Cambridge Quantum Computing Ltd, 1qb Information Technologies Inc., QC Ware Corp., Magiq Technologies Inc., Station Q-Microsoft Corporation, Rigetti Computing. |
Covid-19 Impact on Quantum Computing in Aerospace & Defense Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Quantum Computing in Aerospace & Defense Market Segment Overview
According to Component, the software segment is anticipated to register the highest CAGR during the forecast period. Moreover, the Quantum Key Distribution (QKD) segment was the largest, and it is predicted to grow at the quickest rate over the projection period. Data security is enabled through QKD technology, which the military can use to defend significant infrastructures such as electricity distribution and telecommunication networks.
Quantum Computing in Aerospace & Defense Market, By Component
· Hardware
· Software
· Services
Quantum Computing in Aerospace & Defense Market, By Application
· Quantum Key Distribution (QKD)
· Quantum Cryptanalysis
· Quantum Sensing
Quantum Computing in Aerospace & Defense Market Regional Overview
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regions in which the Quantum Computing in Aerospace & Defense market has been classified. The market in Asia-Pacific is likely to rise significantly. This is due to large-scale expenditures in quantum computing in China and Japan.
Quantum Computing in Aerospace & Defense Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Quantum Computing in Aerospace & Defense Market, Key Players
· D-Wave Systems Inc.
· Qxbranch LLC
· IBM Corporation
· Cambridge Quantum Computing Ltd
· 1qb Information Technologies Inc.
· QC Ware Corp.
· Magiq Technologies Inc.
· Station Q-Microsoft Corporation
· Rigetti Computing
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for global Quantum Computing in Aerospace & Defense market?
Quantum computing in the aerospace and defence market has various advantages over traditional computing, such as weapon system platform synchronization, which might provide the military with a strategic advantage. This factor helps to boost the growth of global Quantum Computing in Aerospace & Defense market.
Q2. Which Segments are covered in the global Quantum Computing in Aerospace & Defense market report?
Component, Application, and Region. these segments are covered in the global Quantum Computing in Aerospace & Defense market report
Q3. Which segment is projected to hold the largest share in the global Quantum Computing in Aerospace & Defense market?
Quantum Key Distribution segment is projected to hold the largest share in the global Quantum Computing in Aerospace & Defense market
Q4. Which region holds the largest share in the global Quantum Computing in Aerospace & Defense market?
Asia-Pacific holds the largest share in the global Quantum Computing in Aerospace & Defense market.
Q5. Which are the prominent players in the global Quantum Computing in Aerospace & Defense market?
D-Wave Systems Inc., Qxbranch LLC, IBM Corporation, Cambridge Quantum Computing Ltd, 1qb Information Technologies Inc., QC Ware Corp., Magiq Technologies Inc., Station Q-Microsoft Corporation, Rigetti Computing. are some key players in the global Quantum Computing in Aerospace & Defense market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Quantum Computing in Aerospace & Defense Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Quantum Key Distribution (QKD)
- 5.3.2. Quantum Cryptanalysis
- 5.3.3. Quantum Sensing
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Quantum Computing in Aerospace & Defense Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Hardware
- 6.2.2. Software
- 6.2.3. Services
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Quantum Key Distribution (QKD)
- 6.3.2. Quantum Cryptanalysis
- 6.3.3. Quantum Sensing
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Quantum Computing in Aerospace & Defense Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Hardware
- 7.2.2. Software
- 7.2.3. Services
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Quantum Key Distribution (QKD)
- 7.3.2. Quantum Cryptanalysis
- 7.3.3. Quantum Sensing
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Quantum Computing in Aerospace & Defense Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Hardware
- 8.2.2. Software
- 8.2.3. Services
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Quantum Key Distribution (QKD)
- 8.3.2. Quantum Cryptanalysis
- 8.3.3. Quantum Sensing
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Quantum Computing in Aerospace & Defense Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Hardware
- 9.2.2. Software
- 9.2.3. Services
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Quantum Key Distribution (QKD)
- 9.3.2. Quantum Cryptanalysis
- 9.3.3. Quantum Sensing
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. D-Wave Systems Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Qxbranch LLC
- 10.6. IBM Corporation
- 10.7. Cambridge Quantum Computing Ltd
- 10.8. 1qb Information Technologies Inc.
- 10.9. QC Ware Corp.
- 10.10. Magiq Technologies Inc.
- 10.11. Station Q-Microsoft Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
