openPR Logo
Press release

Quantum Photonics Market to Skyrocket to $3.5 Billion by 2034 with 18.9% CAGR - TMR Analysis

05-21-2025 07:16 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Quantum Photonics Market

Quantum Photonics Market

The global quantum photonics market was valued at US$ 520.0 million in 2023. Rapid advancements in quantum mechanics and photonics technologies are driving extraordinary growth. From 2024 to 2034, the market is projected to expand at a CAGR of 18.9%, reaching US$ 3.5 billion by 2034. Quantum photonics integrates quantum optics principles using photons as quantum information carriers to deliver breakthroughs in communication, computing, sensing, and cryptography. Applications span quantum metrology, quantum computing, quantum cryptography, quantum simulation, and quantum walks, each addressing critical needs in precision measurement, cybersecurity, large-scale computation, and fundamental research.

Analyst Viewpoint: R&D in quantum circuits is fueling the quantum photonics market value. Quantum circuits are the backbone of quantum machine-learning algorithms. Unlike classical circuits, quantum circuits perform ultra-secure communication and complex problem-solving tasks in record time. Meanwhile, rising investments in quantum computing by governments and private companies are accelerating practical applications and expanding market opportunities.

Explore the highlights and essential 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: June 2024 saw University of Ottawa's NexQT develop a new approach to evaluate quantum circuit performance, accelerating quantum computing breakthroughs. Quantum circuits quantum analogs of digital circuits enable simultaneous, high-fidelity processing of complex quantum computations, directly benefiting photonics architectures.
Surge in Quantum Computing Investments: Global funding by governments and private entities is rising sharply. In February 2024, Fujitsu unveiled a quantum computing platform achieving 200x faster circuit computations, aiming to integrate photonic components for finance and drug discovery sectors. France-based C12 raised €18 million in June 2024 to advance scalable quantum processors, underpinned by photonic interconnects.
Demand for Secure Communication: Growing cyber threats boost interest in Quantum Key Distribution (QKD), which uses photon-based encryption to secure data transfers. Enterprises and defense organizations are prioritizing quantum-safe communication.

Latest Market Trends

Integrated Photonic Chips: Miniaturization of photonic circuits on silicon substrates is reducing size, cost, and power consumption. On-chip photonics start-ups, such as Cambridge's Wave Photonics, secured £4.5 million in June 2024 for next-gen sensing and data-center applications.
Hybrid Quantum Architectures: Combining superconducting qubits with photonic interconnects enhances scalability. MIT researchers in 2023 demonstrated high-fidelity links between superconducting processors using photonic interfaces, laying the groundwork for modular quantum computers.
Commercialization of Quantum Sensors: Quantum photonic sensors offer unprecedented precision in navigation, medical imaging, and geological surveying. Early adopters in aerospace and defense are integrating these sensors into prototypes, signaling near-term market entry.

Key Players and Industry Leaders

The competitive landscape features established technology giants, specialized photonics firms, and deep-tech start-ups:

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 industry leaders are investing heavily in R&D, strategic partnerships, and acquisitions to build programmable, scalable optical quantum computers and secure photonic networks.

Recent Developments

May 2024: ID Quantique, in collaboration with HEQA Security, LuxQuanta, Quantum Optics Jena, and ThinkQuantum, launched a quantum-safe communication ecosystem, accelerating adoption of nationwide quantum networks.
April 2024: M Squared Lasers and University of Strathclyde published a joint study on a new computational method, enhancing the commercial viability of M Squared's Maxwell Quantum Computing platform.
February 2024: Fujitsu's hybrid quantum platform achieved a 200-fold speed increase in circuit computations, positioning Fujitsu as a frontrunner in quantum-photonic integration.
June 2024: C12's €18 million funding bolstered development of processor designs leveraging photonic interconnects for improved speed and stability.

Market Opportunities and Challenges

Opportunities:

Expanded R&D Funding: Government initiatives in the U.S., EU, China, and Japan continue to allocate billions to quantum research, stimulating demand for photonic components.
Cross-Industry Applications: Sectors such as healthcare (quantum imaging), agriculture (quantum sensing for environmental monitoring), and BFSI (quantum risk analysis) are potential growth frontiers.
Quantum Internet: Development of a global quantum communication network will require vast photonic infrastructure, from photon sources to detectors and repeaters.

Challenges:

Technical Complexity: Integrating disparate quantum systems (superconducting qubits, trapped ions) with photonic networks demands ultra-low temperature operation and cryogenic photonic packaging.
Scalability Barriers: Scaling from lab prototypes to commercial systems requires overcoming photon loss, decoherence, and fabrication yield issues.
High Cost of Entry: Capital expenditure for advanced fabrication facilities and cryogenic setups remains high, limiting participation to well-funded players.

Future Outlook

Over the next decade, quantum photonics is poised to transition from research labs to pilot deployments in secure communications, high-performance computing, and precision sensing. Innovations in heterogeneous integration and error correction will unlock larger, fault-tolerant quantum systems. By 2034, quantum photonics could underpin global quantum internet backbones, revolutionizing data security and computational paradigms.

Buy this Premium Research Report and gain expert perspectives and analysis - https://www.transparencymarketresearch.com/checkout.php?rep_id=86257<ype=S

Market Segmentation

By Offering:

Systems
Services

By Application:

Quantum Communication
Quantum Computing
Quantum Sensing & Metrology

By Industry Vertical:

Aerospace & Defense
BFSI
Healthcare
Transportation & Logistics
Agriculture
Others (Environment, etc.)

Regional Insights

North America: Led by the U.S. with over US$ 918 million in QIS R&D funding in 2022, North America dominated the market share in 2023. Government programs such as the National Quantum Initiative Act fuel ecosystem growth.
Europe: Investments in on-chip photonics design and deep-tech R&D Wave Photonics' £4.5 million grant highlights the trend is strengthening Europe's position.
Asia Pacific: China's public quantum funding of US$ 15.3 billion dwarfs other regions, catalyzing photonics adoption across national labs and telecom operators.

Why Buy This Report?

Comprehensive Analysis: Detailed market size, forecasts, and trends spanning 2020-2034.
Strategic Insights: In-depth drivers, restraints, opportunities, Porter's Five Forces, value chain, and competitive strategies.
Company Profiles: Thorough coverage of 15+ key players with financials, product portfolios, and recent developments.
Customizable Data: Electronic PDF and Excel formats enable slicing by region, segment, and application for tailored decision-making.

Explore Latest Research Reports by Transparency Market Research:

High Voltage Solid-state Transformer Market: https://www.transparencymarketresearch.com/high-voltage-solid-state-transformer-market.html

LED Lighting Drivers Market: https://www.transparencymarketresearch.com/led-lighting-driver-market.html

Multi-Mode Chipset Market: https://www.transparencymarketresearch.com/multi-mode-chipset-market.html

Luminaire and Lighting Control Market: https://www.transparencymarketresearch.com/luminaire-lighting-control-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 Quantum Photonics Market to Skyrocket to $3.5 Billion by 2034 with 18.9% CAGR - TMR Analysis here

News-ID: 4029216 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Quantum

Quantum Computing Services Market is Booming Worldwide| IBM Quantum, Google Quan …
HTF Market Insights just released the Global Quantum Computing Services Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major companies profiled in Quantum Computing Services Market are: IBM
Quantum Computing Market: A Quantum Leap
The quantum computing market is a burgeoning field that promises to revolutionize various industries, from healthcare to finance. This post will delve into the market, exploring its size, share, opportunities, challenges, demand, and trends. Market Size and Share The quantum computing market is still in its nascent stages, with significant growth potential. While precise figures can vary depending on data sources and regional factors, the market is estimated to be worth billions
Quantum Computing Software Market Is Booming So Rapidly with IBM Quantum, Google …
HTF MI recently introduced Global Quantum Computing Software Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are IBM Quantum - United States, Google Quantum AI - United States, Microsoft
Kipu Quantum and Quantum-South Announce Strategic Partnership
Karlsruhe, Germany / Montevideo, Uruguay - June 4th 2024 Kipu Quantum GmbH, a German quantum software company focusing on developing application- and hardware-specific quantum solutions for or a wide range of industries, and Quantum-South, a quantum computing startup with solutions for logistics optimization, are pleased to announce a strategic partnership aimed at transforming industries across Latin America and other global markets. This alliance is set to leverage the unique strengths of
Quantum Internet Alliance launches Quantum Internet Application Challenge
Quantum enthusiasts get a chance to co-create the future quantum internet DELFT, THE NETHERLANDS-The Quantum Internet Alliance (QIA) has announced the launch of its first ever Quantum Internet Application Challenge (https://quantuminternetalliance.org/quantum-internet-application-challenge-2023/), an initiative encouraging quantum enthusiasts to take part in shaping the future of the quantum internet. "The role of the community-from students and enthusiasts to scientists and industry leaders-in our mission of building a global quantum internet is pivotal. And the
Quantum Computing Market Deep Dive into Industry Leaders: Analysis of Top Manufa …
Global "Quantum Computing Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of