The quantum photonics market had an estimated market share worth USD 300 million in 2023, and it is predicted to reach a global market valuation of USD 6.6 billion by 2034, growing at a CAGR of 32.2% from 2024 to 2034.
Innovations are driving the demand for these systems and technologies. The use of quantum dots implanted in silicon nanowires to create effective single-photon sources is one advancement in quantum photonics.
This discovery made it possible to produce extremely controlled, indistinguishable single photons, which is essential for quantum computing, quantum cryptography, and communication applications.
Demand Analysis of Quantum Photonics
| Report Attribute | Details |
|---|---|
| Estimated Market Value in 2023 | USD 300 million |
| Expected Market Value in 2024 | USD 405 million |
| Projected Forecast Value in 2034 | USD 6.6 billion |
| Anticipated Growth Rate from 2024 to 2034 | 32.2% |
The global demand for the quantum photonics market was estimated to reach a valuation of USD 0.1 billion in 2019, according to a report from Future Market Insights (FMI). From 2019 to 2023, the quantum photonics market is poised to witness significant growth, registering a CAGR of 35.1%.
| Historical CAGR from 2019 to 2023 | 35.1% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 32.2% |
The quantum photonics market is driven by rising interest from governments and companies throughout the world. This interest is in obtaining quantum supremacy, the moment at which quantum computers outperform conventional computers in accomplishing specified tasks.
It stimulates large expenditures in research and development and commercialization to promote photonics-based solutions and other quantum computing technologies. Some important factors that will boost the market growth through 2034 are:
Rapid Advancement of Quantum Computing Research to Accelerate Demand
The rapid growth of quantum computing research is another factor propelling the market for quantum photonics. The need for photonics technology to enable quantum processors is growing as businesses and governments throughout the world make significant investments in quantum computing programs.
Qubits are the fundamental building blocks of quantum information processing, and photonics is essential to their creation and manipulation. The pursuit of scalable quantum computing capabilities propels the advancement of photonics-based solutions, hence fostering the expansion of the quantum photonics industry.
Increasing Demand for Secure Communication Systems to Bolster Demand
The market for quantum photonics is being driven in part by the growing need for secure communication solutions. A growing number of sectors, including banking, healthcare, and government, are looking for more complex encryption techniques due to concerns about cybersecurity and data privacy.
By utilizing the concepts of quantum science, quantum photonics technologies, in particular quantum key distribution (QKD), provide previously unheard-of levels of security. The research and application of quantum photonics systems are being fueled by the need for secure communication solutions, which is expanding the market.
Qubit Coherence and Fidelity Issues to Impede the Market Growth
Technological constraints that impair the scalability and dependability of quantum systems, such as qubit coherence and fidelity problems, are limiting the growth of the quantum photonics market. Market growth is hampered by high research costs and the difficulty of incorporating quantum technology into the current infrastructure.
Adoption rates are also slowed down by regulatory obstacles pertaining to data security and privacy. The lack of qualified experts in quantum photonics further impedes market expansion and industrial advancement.
This section focuses on providing detailed analysis of two particular market segments for quantum photonics, the top offerings and the dominant application. The two main segments discussed below are the quantum photonics systems and quantum computing application.
| Offering | Systems |
|---|---|
| CAGR from 2024 to 2034 | 32% |
During the forecast period, the quantum photonics system segment is likely to garner a 32% CAGR. Quantum photonics systems are poised for growth due to their critical role in providing secure and high-speed communication, especially with the introduction of quantum key distribution (QKD) technology. Quantum resistant encryption solutions are becoming more and more essential as cybersecurity threats intensify.
Quantum photonics systems also have unmatched potential to advance quantum computing as well as sensing applications, attracting interest from the healthcare and financial sectors. The scalability and dependability of these systems make them even more appealing for broad integration and adoption across several industries.
| Application | Quantum Computing |
|---|---|
| Market Share in 2024 | 51.4% |
In 2024, the quantum computing segment is likely to acquire a 52.3% global market share. Quantum computing is expected to be the leading application in the global quantum photonics market owing to its potential to transform computing capabilities.
The essential building blocks of quantum information processing, qubits, may now be generated with previously unattainable accuracy and scalability due to advances in quantum photonics technology.
The market is predicted to increase and become more well-known as a result of the exponential speedups that quantum computing promises to bring to the tackling of complicated problems, such as optimization and cryptography. To enable quantum processors, sophisticated photonics solutions will be in high demand.
This section will go into detail on the quantum photonics markets in a few key countries, including the United States, the United Kingdom, China, Japan, and South Korea. This part will focus on the key factors that are driving up demand in these countries for quantum photonics.
| Country | CAGRs from 2024 to 2034 |
|---|---|
| The United States | 32.6% |
| The United Kingdom | 33.5% |
| China | 32.9% |
| Japan | 32.8% |
| South Korea | 35.1% |
The United States quantum photonics ecosystem is anticipated to gain a CAGR of 32.6% through 2034. The United States benefits from strong private sector investment in the field of quantum technologies, with top businesses. This includes companies like IBM, Google, and Microsoft who finance research and development programs in quantum photonics, therefore promoting innovation and commercialization.
Outstanding research centers and universities like MIT, Caltech, and Stanford are located in the United States. Through innovative research and partnerships with companies, these centers and universities actively contribute to the advancement of quantum photonics and create a thriving ecosystem for quantum innovation.
The market in the United Kingdom is expected to expand with a 33.5% CAGR through 2034. The United Kingdom has developed many Quantum Technology Hubs, including the UK National Quantum technology Programme. This encourages collaboration between educational institutions and companies to speed the development and implementation of quantum photonics technology.
Specialized quantum innovation centers, such as the Quantum Communications Hub and the Quantum Metrology Institute, are located in the United Kingdom. These are dedicated to developing the field of quantum photonics research and converting scientific findings into useful applications for companies.
The quantum photonics ecosystem in China is anticipated to develop with a 32.9% CAGR from 2024 to 2034. China is leading the way in real-world quantum applications and has made great progress in developing quantum communication infrastructure, such as satellite- and ground-based quantum networks.
To speed up the development and commercialization of quantum photonics technology, China has created specialized quantum industrial parks. This includes the Hefei National Laboratory for Physical Sciences at the Microscale, which encourages cooperation between business, academia, and research institutions.
The quantum photonics industry in Japan is anticipated to reach a 32.8% CAGR from 2024 to 2034. Japan encourages broad cooperation in quantum photonics research across government, business, and academia, which results in collaborative efforts and quick advancements in the field.
Japan has a competitive edge in manufacturing high-quality quantum photonics devices and components. This is due to its well-known advanced manufacturing skills, especially in precision optics as well as electronics.
The quantum photonics ecosystem in South Korea is likely to evolve with a 35.1% CAGR during the forecast period. The government of South Korea aggressively encourages quantum technology research and development, offering resources and equipment to hasten developments in quantum photonics.
The research and commercialization of quantum photonics technologies are well-supported by the regional strong industrial base, which specializes in semiconductor production and telecommunications.
Companies are actively developing and promoting innovative products for applications in quantum computing, quantum communication, as well as quantum sensing in the global quantum photonics market.
These companies are spending money on research and development to improve the scalability, performance, and dependability of quantum photonics systems.
They are working along with government organizations and academic institutions to hasten the development of quantum technology. Inventing high-performance photon sources as well as detectors, constructing integrated photonic circuits, and inventing quantum encryption techniques are important tasks.
In an effort to reduce prices and increase the production viability of quantum photonics devices, companies are investigating new materials and processes. The key players in this market include:
Significant advancements in the quantum photonics market are being made by key market participants, and these include:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 32.2% from 2024 to 2034 |
| Market value in 2024 | USD 405 million |
| Market value in 2034 | USD 6.6 billion |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Offering; Application; Verticals; Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Amazon Web Services; Aosense; Crypta Labs; Id Quantique; M Squared; Menlo Systems; Microchip Technology; Nec Corporation; Nordic Quantum Computing Group (NQCG); NTT Technologies; Nu Quantum; Orca Computing; Psi Quantum; Quandela; Quantum Dice |
| Customization Scope | Available on Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Offering, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Verticals, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Offering, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 17: Global Market Attractiveness by Offering, 2024 to 2034
Figure 18: Global Market Attractiveness by Application, 2024 to 2034
Figure 19: Global Market Attractiveness by Verticals, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Offering, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 37: North America Market Attractiveness by Offering, 2024 to 2034
Figure 38: North America Market Attractiveness by Application, 2024 to 2034
Figure 39: North America Market Attractiveness by Verticals, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Offering, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Offering, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 59: Latin America Market Attractiveness by Verticals, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Offering, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Offering, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by Verticals, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Offering, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Offering, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by Verticals, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Offering, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Offering, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by Verticals, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Offering, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Offering, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 139: East Asia Market Attractiveness by Verticals, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Offering, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by Verticals, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Offering, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Offering, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Offering, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Verticals, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Verticals, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Verticals, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Offering, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by Verticals, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The quantum photonics market is expected to garner a 32.2% CAGR from 2024 to 2034.
By 2024, the global quantum photonics market is likely to gain USD 405 million.
By 2034, the quantum photonics market valuation is likely to reach a sum of USD 6.6 billion.
The quantum photonics industry in the United States is likely to garner a 32.6% CAGR during the forecast period.
The systems segment will gain immense popularity and develop with a 32% CAGR through 2034.
The quantum computing sector will be the top application of quantum photonics at a 31.5% CAGR through 2034.
Quantum Photonics Market
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