The global demand for Quantum Photonics Market is presumed to reach the market size of nearly USD 14.51 BN by 2030 from USD 1.42 BN in 2022 with a CAGR of 33.7% under the study period 2023 - 2030.
Quantum photonics is a field of research and technology that focuses on the interaction and manipulation of individual photons, which are the fundamental particles of light, in the context of quantum mechanics. It aims to harness the unique properties of quantum systems to develop new technologies for computation, communication, sensing, and more.
Market Dynamics
Advancements in quantum technologies, such as computing, communication, and sensing, are creating a demand for photonics-based components and systems that can manipulate individual photons. The increasing need for secure communication in sectors like finance and defence is boosting the adoption of these solutions. As quantum computing progresses, there is a growing demand for photonics-based components like quantum gates and qubits. Ongoing research and development efforts in quantum photonics are leading to technological innovations and breakthroughs, attracting investments from both the public and private sectors. Industries are recognizing its potential in areas like healthcare, finance, energy, and transportation, leading to their exploration and application. Supportive government initiatives, funding programs, and collaborations between academia, industry, and government institutions foster innovation and drive market growth. The emergence of startups and industry collaborations focused on quantum photonics is also contributing to the market's expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of quantum photonics. The growth and trends of quantum photonics industry provide a holistic approach to this study.
Market Segmentation
This section of the quantum photonics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
By Application
- Quantum Communication (Quantum Random Generators, Quantum Key Distribution)
- Quantum Computing
- Quantum Sensing & Metrology (Atomic Clock, Par (Photosynthetically Active Radiation) Quantum Sensors, Quantom Dot Photodetector, Quantum Lidar)
By Vertical
- Space & Defense
- Banking & Finance
- Healthcare & Pharmaceutical
- Transportation & Logistics
- Government
- Agriculture & Environment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Quantum Photonics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Quantum Photonics Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the quantum photonics market include Toshiba (Japan), Xanadu (Canada). Quandela (France), ID Quantique (Switzerland), ORCA Computing (UK), PsiQuantum (US), TundraSystems (UK), Quix Quantum (Netherlands), Nordia Quantum Computing Group (Norway), Thorlabs (US), AOSense (US), Single Quantum (Netherlands), Qubitekk (US), QuintessenceLabs (Australia), NTT Technologies (Japan), NEC (Japan), Nu Quantum (UK), CryptaLabs (UK), Nu Quantum (UK). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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