Quantum Computing Chip Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

The global Quantum Computing Chip market is anticipated to grow at a CAGR of 45.1% during the forecast period. 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.

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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.

Global 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

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Quantum Computing Chip Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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

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