Quantum Photonics Market Size, Gross Margin Analysis, Opportunities And Trends By Forecast 2033

The new report published by The Business Research Company, titled ""Quantum Photonics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the quantum photonics market size has grown exponentially in recent years. It will grow from $0.43 billion in 2023 to $0.59 billion in 2024 at a compound annual growth rate (CAGR) of 37%. The quantum photonics market size is expected to see exponential growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 37.1%.

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The Impact Of Growing Medical Imaging And Diagnostics On The Quantum Photonics Market
The growing applications in medical imaging and diagnostics are expected to propel the growth of the quantum photonics market going forward. Medical imaging and diagnostics refer to the techniques and processes used to create images of the human body for diagnostic and treatment purposes. The increasing demand for early disease detection and precise treatment planning is leading to growing applications in medical imaging and diagnostics. Quantum photonics enhances medical imaging and diagnostics by providing higher-resolution imaging, increased sensitivity for detecting biomarkers, and the development of advanced imaging modalities, ultimately improving diagnostic accuracy and patient outcomes. For instance, in December 2022, the National Health Service (NHS), a UK-based government department, conducted a total of 44 million imaging tests in the year leading up to March 2022. This marked a significant increase from the 34.9 million tests performed in the previous year, representing a 26% rise. Therefore, the growing applications in medical imaging and diagnostics are driving the growth of the quantum photonics market.

Quantum Computing Marvels Revolutionizing Computational Capabilities
Major companies operating in the quantum photonics market are developing quantum computing marvels to revolutionize computational capabilities. Quantum Computing Marvels refers to the groundbreaking advancements and remarkable capabilities emerging from the field of quantum computing. For instance, in June 2022, Xanadu, a Canada-based quantum computing company, launched Borealis, an innovative quantum computing marvel, available to the public via cloud access. Boasting 216 squeezed-state qubits, Borealis is the first photonic quantum computer offering full programmability of all its gates to demonstrate quantum computational advantage.

The quantum photonics market covered in this report is segmented -

1) By Component: Systems, Services
2) By Application: Quantum Communication, Quantum Sensing And Metrology, Quantum Computing
3) By End-Use: Space Research, Government And Defense, Telecommunication, Healthcare And Pharmaceutical, Transportation And Logistics, Environment

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Major companies operating in the quantum photonics market are Nippon Telegraph and Telephone Corporation, International Business Machines Corp., Toshiba Corporation, NEC Corporation, Thorlabs Inc., PsiQuantum Corp., ColdQuanta Inc., Xanadu, Aosense Inc., ID Quantique, ORCA Computing Limited, M Squared Lasers Limited, Q-CTRL, Nu Quantum, QuintessenceLabs Pty Ltd., Quandela, MagiQ Technologies Inc., Menlo Systems, Qubitekk Inc., QuiX Quantum Holding BV, Quside Technologies, TundraSystems Global LTD., Crypta Labs Limited, Quantum Xchange Inc., Qnami, Quantopticon Ltd.

Contents of the report:
1. Executive Summary
2. Quantum Photonics Market Report Structure
3. Quantum Photonics Market Trends And Strategies
4. Quantum Photonics Market - Macro Economic Scenario
5. Quantum Photonics Market Size And Growth
…..
27. Quantum Photonics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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