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Global Quantum Processors Market Report Coverage

Global Quantum Processors Market

Base Year

2022

Market Size in 2023

$1,070.9 Million

Forecast Period

2023-2033

Value Projection and Estimation by 2033

$5,019.4 Million

CAGR During Forecast Period

16.70%

Number of Pages

162
Number of Tables 78

Number of Figures

 37

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

The global quantum processors market has been segmented by different types, among which superconducting qubits accounted for around 43.05%, trapped-ion qubits held around 20.29%, topological qubits accounted for approximately 2.76%, quantum dots held around 6.15%, photonic qubits held approximately around 20.94%, cell assembly held around 2.14% and cold atom processors held for around 4.69% of the total quantum processors market in 2022 in terms of value.

Some of the prominent established names in this market are:

Company Type 1 (by Type): Superconducting Qubits
•    Rigetti & Co, LLC. 
•     Google Quantum AI 
•     IBM 
•     D-Wave Quantum, Inc.
•    Others

Company Type 2 (by Type):  Trapped-Ion Qubits
•     Quantinuum Ltd 
•     IonQ, Inc. 
•     Universal Quantum 
•     eleQtron 
•    Others

Company Type 3 (by Type):  Topological Qubits
•    Microsoft
•    Others

Company Type 4 (by Type):  Quantum Dots
•    Intel Corporation 
•     Silicon Quantum Computing 
•     Photonic Inc. 
•     Quantum Motion
•    Others

Company Type 5 (by Type):  Photonic Qubits
•    PsiQuantum 
•    Xanadu 
•    Quantum Source 
•    Orca Computing
•    Others

Company Type 6 (by Type):  Cell Assembly
•    Microsoft
•    Google Quantum AI
•    Others

Company Type 7 (by Type):  Cold Atom Quantum Processors
•    Atom Computing Inc. 
•     QuEra Computing Inc. 
•     Pasqal 
•     ColdQuanta, Inc.
•    Others

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different quantum processors. Moreover, the study provides the reader with a detailed understanding of the global quantum processors market based on application (quantum computing, quantum cryptography, quantum sensing, and others). Furthermore, there is a growing demand for reliable and cost-effective quantum. Manufacturers can seize opportunities to design and produce next-generation quantum processors equipped with advanced qubit coherence and error correction features.    

Growth/Marketing Strategy: The global quantum processors market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategies for the companies have been product developments, business expansions, and acquisitions to strengthen their position in the global quantum processors market.

Competitive Strategy: Key players in the global quantum processors market analyzed and profiled in the study involve quantum processor manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global quantum processors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

 

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Global Quantum Processors Market - A Global and Regional Analysis

Focus on Application, Type, Business Model, and Regional and Country-Level Analysis - Analysis and Forecast, 2023-2033

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Some Faq's

Frequently Asked Questions

The definition of a quantum processor, as per the quantum processors consortiums and industry players, a quantum processor is the brain of a quantum computer that uses the behavior of particles, such as atoms, electrons, and photons, to make certain kinds of calculations much faster than processors in classical computers. Quantum processors rely on behaviors such as superposition, the ability of a particle to be in many states at once. Furthermore, quantum processors offer the ability to advance cryptography, quantum simulations, and machine learning and solve thorny optimization problems. Quantum processors are often used in various applications, such as quantum computing, cryptography, quantum simulation, and quantum sensing and metrology.

Increasing investments in quantum computing are escalating the growth of the quantum processors market. Moreover, the growing adoption of hybrid quantum-classical computing models acts as a growth prospect for the quantum processors market.

The quantum processors market has seen major developments by key players operating in the market, such as business expansions, partnerships, collaborations, and joint ventures. According to BIS Research analysis, most companies preferred new product developments, collaborations, mergers and acquisitions, and joint ventures as key strategies to increase their growth further in the global quantum processors market. Companies such as IBM, Google Quantum AI, and Microsoft majorly adopted strategies such as product developments, market developments, partnerships, collaborations, and joint ventures.

A new entrant can focus on manufacturing and providing quantum processors for various applications such as quantum computing, quantum cryptography, and quantum sensing due to the high demand for computational power and the adoption of quantum processors for these applications worldwide.

The following can be termed as some of the USPs of the report:
• Extensive competitive benchmarking of 19 key players to offer a holistic view of the global quantum processors market landscape
• Market segregation based on type, application, and business model
• Investment landscape, including product adoption scenario, funding, and patent analysis

The companies that produce and commercialize quantum processors, research institutions, and regulatory bodies involved in the global quantum processors market should buy this report.

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