Global Quantum Computing in Aerospace and Defense Market, By Component (Hardware, Software, Services

Published Date: | Report Code : AD1929723

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The quantum computing in aerospace and defense market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed the number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.

Quantum computing provides several benefits over traditional computing, such as the synchronization of platforms for weapons systems that could provide the army with a strategic edge. Quantum computers can process big quantities of information that can assist the military to create strategies of war and efficient networks of communication to enhance defense activities.

Segment Analysis:

Military use of quantum computing is anticipated to improve the safety of communication on the battlefield. Also, it is anticipated that naval forces will profit from quantum computing as they could navigate undetected in the ocean. Research centers in Canada are presently working on technology such as quantum radar that is supposed to assist the army in detecting large-distance threats.

The software section is anticipated to record a considerable growth in the days to come. It is predicted that key businesses like IBM Corporation and 1qb Information Technologies Inc. will drive the segment's development through their broad range of quantum computer software goods. IBM Corporation, for instance, has created its quantum computer called Q System One.

It is expected that the Quantum Key Distribution (QKD) segment will be the fastest-growing segment shortly. QKD technology allows for data security that the army can use to safeguard critical infrastructure such as power distribution and telecommunications networks.

Key Factors Impacting Market Growth:

  • Increasing adoption of AI in the military

  • Ability to process large amount of data

  • Synchronization of platforms for weapons systems

Regional Analysis:

By region, quantum computing in aerospace and defense market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe have been dominant players in this market with the presence of major companies along with strong aerospace & defense infrastructure in the region. In addition to this, some of the major countries in these regions such as the US, France, UK, Canada, and others have been global exporters of aerospace & defense technologies with established research & development centers. The Asia Pacific region is estimated to register fastest growing owing to the presence of some of the major economies including China, India, South Korea, and others in the region. These countries have witnessed strong government spending on defense infrastructure along with the promotion of air transport and space research in recent decades. The Middle East region is estimated to be a potential region for quantum computing in aerospace and defense market during the forecast period. Eastern Europe consisting of Russia and Turkey is estimated to have a stable demand during the forecast period. The rest of the World is expected to be an emerging market with growing demand during the forecast period.

Companies Covered: D-Wave Systems Inc, Qxbranch LLC, IBM Corporation, Cambridge Quantum Computing Ltd, 1qb Information Technologies Inc., QC Ware Corp., Magiq Technologies Inc., Station Q-Microsoft Corporation, and Rigetti Computing…

Market Segmentation:

By Component:

  • Hardware

  • Software

  • Services

By Application:

  • Quantum Key Distribution (QKD)

  • Quantum Cryptanalysis

  • Quantum Sensing

  • Naval

By Region:

  • North America

    • By Country (US, Canada, Mexico)
    • By Component

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)

    • By Component

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Component

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)

    • By Component

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Component

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Component

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the quantum computing in aerospace and defense market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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