Quantum Computing Chip Market Outlook 2029: Presents Market Insights & Depth Analysis

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.

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.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
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.

A full Report of Quantum Computing Chip Market is Available @  https://www.omrglobal.com/industry-reports/quantum-computing-chip-market

Quantum Computing Chip Market Report Segment

By Type

Photonic Chip
Semiconductor spin qubits
Superconducting Chip
Trapped ion

By Application

Below 30 Qubit Quantum Computer
30-50 Qubit Quantum Computer
50-60 Qubit Quantum Computer
Above 60 Qubit Quantum Computer 

Quantum Computing Chip Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Amazon Web Services, Inc. 
D-Wave Quantum Inc.
Fujitsu Ltd
Honeywell International Inc.
IonQ Inc.
IQM Finland Oy
M Squared Lasers Limited
Microsoft Corp
Origin Quantum Computing Technology
OxfordQuantumCircuits
Quandela
Quantinuum Ltd
Rigetti Computing
Silicon Quantum Computing
Xanadu Quantum Technologies Inc.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Contact Person: Mr. Anurag Tiwari

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About Orion Market Research
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