Press release
Global Quantum Photonics Market Set to Soar, Projected to Reach USD 3.5 Billion by 2034 - Transparency Market Research
Quantum Photonics Market
Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86257
Market Drivers & Trends
R&D in Quantum Circuits: In June 2024, researchers at the University of Ottawa's Nexus for Quantum Technologies Institute (NexQT) unveiled a novel methodology to evaluate quantum circuit performance, shortening development cycles for quantum computers. Concurrently, Fujitsu announced in February 2024 a quantum computing breakthrough achieving circuit computations up to 200× faster, slated for integration into its hybrid quantum platform.
Rising Investment in Quantum Computing: Governments and corporations are pouring billions into quantum technologies. In 2023, MIT researchers developed an architecture enabling high‐fidelity communication among superconducting quantum processors. France‐based startup C12 secured €18 million in June 2024 to accelerate quantum processor design, underscoring investor confidence.
Photonics‐Enabled Integration: Demand for on‐chip photonics is surging as companies strive to miniaturize quantum systems. Startups like Wave Photonics (UK) raised £4.5 million in June 2024 to advance on‐chip designs for sensors and data centers.
Quantum‐Safe Communications: With cybersecurity threats looming, Quantum Key Distribution (QKD) solutions are gaining traction. In May 2024, ID Quantique, alongside HEQA Security and LuxQuanta, launched a quantum‐safe communication ecosystem to promote widespread adoption of quantum networks.
Key Players & Industry Leaders
The competitive landscape features both established technology firms and agile startups:
Amazon Web Services, Inc.
AOSense, Inc.
Crypta Labs Limited
ID Quantique
M Squared Lasers Limited
Menlo Systems
Microchip Technology Inc.
NEC Corporation
Nordic Quantum Computing Group AS
Nippon Telegraph and Telephone Corporation
Nu Quantum
ORCA Computing
Psi Quantum
Quandela
Thorlabs, Inc.
These companies are investing heavily in integrated photonics, strategic partnerships, and intellectual property to secure leadership in quantum photonics platforms.
Recent Developments
May 2024: ID Quantique, HEQA Security, LuxQuanta, Quantum Optics Jena, and ThinkQuantum unveiled a comprehensive quantum‐safe communication ecosystem.
April 2024: A joint study by M Squared and the University of Strathclyde presented a new computational method enhancing the commercial viability of M Squared's Maxwell Quantum Computing platform.
Latest Market Trends
Hybrid Quantum‐Classical Architectures: Integrating photonic interconnects with superconducting qubits to balance coherence times and scalability.
Telecom‐Grade QKD Deployments: Trials of quantum‐secure networks over existing fiber infrastructure, particularly in banking and government.
Quantum Sensors in Healthcare: Adoption of quantum metrology devices for non‐invasive diagnostics and imaging, promising unprecedented sensitivity.
Photonic Integrated Circuits (PICs): Transition from discrete optical components to monolithic PICs to reduce size, power consumption, and cost.
Cloud‐Based Quantum Services: Emergence of "quantum‐as‐a‐service" offerings, enabling wider access for BFSI, pharmaceuticals, and logistics companies.
Market Opportunities
Segment Expansion: Growth in niche verticals such as agriculture (environmental monitoring) and transportation (quantum LIDAR).
Strategic Collaborations: Partnerships between semiconductor foundries and quantum startups to mass‐produce PICs.
Emerging Regions: Under‐penetrated markets in Latin America, Middle East & Africa present greenfield opportunities for QKD and quantum‐sensing solutions.
Vertical‐Specific Solutions: Tailored quantum computing applications for finance (risk modeling), healthcare (drug discovery), and defense (secure communications).
Future Outlook
By 2034, quantum photonics is expected to transition from experimental labs to mainstream use cases. As component costs decline and integration challenges are resolved, end‐users in BFSI, healthcare, aerospace & defense, and telecom will adopt quantum solutions to gain competitive advantages. Continued government support-such as the U.S. Quantum Information Science (QIS) R&D funding jump from US$ 449 million in 2019 to US$ 918 million in 2022-will catalyze further breakthroughs and commercialization.
Buy this Premium Research Report to stay informed with key insights - https://www.transparencymarketresearch.com/checkout.php?rep_id=86257
Explore Latest Research Reports by Transparency Market Research:
Wireless Access Control Market: https://www.transparencymarketresearch.com/wireless-access-control-market.html
Nano Positioning Systems Market: https://www.transparencymarketresearch.com/nano-positioning-systems-market.html
Water Analysis Instruments Market: https://www.transparencymarketresearch.com/water-analysis-instruments-market.html
Smart Water Meter Market: https://www.transparencymarketresearch.com/smart-water-meter-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Quantum Photonics Market Set to Soar, Projected to Reach USD 3.5 Billion by 2034 - Transparency Market Research here
News-ID: 3981837 • Views: …
More Releases from Transparency Market Research
Power Electronics for Renewable Energy Market Forecasted to Reach USD 15.5 Billi …
The global power electronics for renewable energy market(https://www.transparencymarketresearch.com/power-electronics-for-renewable-energy-market.html), valued at US$ 8.8 billion in 2022, is projected to reach US$ 15.5 billion by 2031, growing at a CAGR of 7.4% from 2023 to 2031. Rising investments in renewable infrastructure, coupled with the need for efficient energy conversion systems, are key factors driving market growth.
Power electronics play a crucial role in optimizing energy conversion in solar, wind, and other renewable sources.…
Fog Harvesting Industry Expected to Reach USD 4.5 Million by 2031, Driven by 5.7 …
The global fog harvesting market(https://www.transparencymarketresearch.com/fog-harvesting-market.html), valued at US$ 2.7 million in 2022, is projected to grow at a CAGR of 5.7% from 2023 to 2031, reaching US$ 4.5 million by the end of 2031. The market growth is driven by increasing water scarcity across agriculture, residential, and infrastructure sectors; the environmentally friendly nature of fog harvesting solutions; and significant technological advancements in vapor collection systems.
Uncover essential discoveries and trends from…
Global Marine Water Treatment Market Poised to Hit USD 185.2 Bn by 2031 with a 2 …
The global marine water treatment market(https://www.transparencymarketresearch.com/marine-water-treatment-market.html), valued at US$ 25.4 billion in 2022, is set for remarkable growth over the forecast period. With an anticipated CAGR of 24.7% from 2023 to 2031, the market is projected to reach US$ 185.2 billion by the end of 2031. This rapid expansion is driven by the surge in maritime activities, significant investments in R&D to develop advanced water treatment solutions, and growing concerns…
Flexible, Printed & Thin Film Batteries Market Set to Reach USD 552.6 Million by …
The global flexible, printed, and thin film batteries market(https://www.transparencymarketresearch.com/flexible-printed-and-thin-film-batteries-market.html), valued at US$ 100.8 million in 2022, is expected to experience rapid growth over the forecast period. With an anticipated CAGR of 23.7% from 2023 to 2031, the market is projected to reach US$ 552.6 million by the end of 2031. This expansion is driven by increasing demand for lightweight, portable, and eco-friendly energy storage systems that are integral to consumer…
More Releases for Quantum
Quantum-South joins IBM Quantum Network to explore quantum computing application …
Potentially faster and more effective ways of optimizing shipping logistics are being explored in Latin America
The Uruguayan start-up has become the first Latin American company to join the IBM Quantum Network. They will focus on exploring quantum computing applications to optimize the air and maritime cargo industry.
Quantum-South, the Uruguay-based start-up, has joined the IBM Quantum Network to apply quantum computing to the advancement of the air and maritime cargo industry,…
Quantum Brilliance and Quantum-South partner to implement logistics optimization …
Quantum startups from Australia and South America collaborating to demonstrate quantum utility in air and marine cargo logistics.
Canberra, Australia and Montevideo, Uruguay, April 19, 2021 -- Quantum Brilliance and Quantum-South today announced a partnership to jointly develop and market of complementary products and technology in shipping logistics optimization.
The companies will be performing proof of concept implementations with air and marine cargo companies to demonstrate the potential ofquantum computing for solving…
Defining the Future of Quantum Computing Technologies Market with New Trends | A …
The Research Insights has published an advanced data titled as Quantum Computing Technologies market. This report throws light on different attributes. It helps to present the research on global products of different types along with their applications. For technical analysis of Quantum Computing technologies market, the report analyzes the leading suppliers based on the technology platforms.
Quantum Computing technologies are an innovative generation of optical and electronic devices that use quantum…
Quantum Computing Technologies Market 2019: Top Key Players are Airbus Group, Ca …
Quantum Computing Technologies Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ - https://www.researchreportsworld.com/enquiry/request-sample/13796983
Global Quantum Computing Technologies market 2019 research provides a basic overview of the industry…
Quantum Computing Technologies Market Defining the Future with New Trends: Airbu …
The Research Insights has published an advanced data titled as Quantum Computing Technologies market. Quantum Computing technologies are an innovative generation of optical and electronic devices that use quantum effects to significantly augment the performance over that of existing conventional technologies. There is intensifying indication that many of these quantum technologies are ready to evolution into commercial products. This report uses an exploratory technique, such as primary and secondary research,…
Quantum Computing Technologies 2018 Global Market Key Players – Airbus Group, …
WiseGuyRerports.com Presents “Global Quantum Computing Technologies Market Size, Status and Forecast 2018-2025” New Document to its Studies Database
In 2017, the global Quantum Computing Technologies market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Quantum Computing Technologies status, future forecast, growth opportunity, key market and key players. The study objectives are…
