Description

According to the Market Statsville Group (MSG), the global quantum secure communication market is estimated to grow at a CAGR of 18.7% from 2022 to 2030. Quantum secure communications, a niche application of quantum computing, involves utilizing entangled photons to transfer information securely. Factors such as growing investment in the defense sector. For instance, according to the data published by Stockholm International Peace Research Institute (SIPRI), world military expenditure was USD 1,981 billion in 2020, an increase of 2.6% in 2019. This will pave the way for the market's growth in forthcoming years across the globe. Other factors such as advancing technologies and growing R&D investments will further drive the market’s growth during the forecast period.

COVID-19 Impact on the Global Quantum Secure Communication Market

COVID-19 positively impacted the market's growth due to the increasing cyber-attacks during the pandemic. The government and military were focused more on adopting technologies, such as quantum secure communication, to safeguard vital data from hackers. Moreover, the growing investment in defense in 2020 has further supported the market’s growth during the pandemic. For instance, according to the Stockholm International Peace Research Institute (SIPRI) data, in 2020, US military expenditure grew by 4.4% to USD 778 billion. Whereas China 1.9%, India 2.1%, Russia 2.5%, and the UK 2.9%, have increased their military spending in 2020. Hence, the market during COVID-19 witnessed positive growth.

Scope of the Global Quantum Secure Communication Market

The study categorizes the quantum secure communication market based on type, communication type, component, photon count, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)

• Quantum Key Distribution
• Quantum Teleportation  

By Communication Type Outlook (Sales, USD Million, 2017-2030)

• Direct
• Indirect

By Component Outlook (Sales, USD Million, 2017-2030)

• Hardware
• Software

By Photon Count Outlook (Sales, USD Million, 2017-2030)

• Single Photon
• Double Photon
• Others

By Application Outlook (Sales, USD Million, 2017-2030)

• Military
• Government Agency
• Aerospace
• Business
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

The military segment accounts for the highest CAGR in the market

Based on applications, the government accounted for the major market share in 2021, backed by the increase in demand for secure quantum communication to secures the government's vital information from cyber attacks or data leaks. The government of various economies, both developed and emerging economies, are investing significantly in quantum secure communication to benefit from the technology. However, the military segment by application is estimated to showcase the highest CAGR during the forecast period. The security features and secure communication enable the military to manage and communicate regarding their operations effectively. Such factors will contribute to the segmental growth in upcoming years.

Asia Pacific dominates the global quantum secure communication market

Based on the regional analysis, Asia Pacific accounts for the major market share in 2021. China is one of the leading countries advancing in quantum secure communication. It has developed various technologies essential for space quantum secure communication prior to other nations. In addition, China is offering its citizens space-enabled quantum communication services and more. Such factors, coupled with government initiatives and the growing investment in such projects, will create lucrative opportunities for the market’s growth in the region.

In Japan, the market players and government are exploring and investing in the quantum secure communication market. In India, the market’s growth is at a nascent stage; however, the major players are expanding their businesses across the region, including India, to explore untapped markets and fulfill the unmet demand of the end-users.

Global Quantum Secure Communication Market Players

The major players operating in the market are highly investing in advancing technologies and R&D to enhance communication technology and cater to the needs of the end-users in the market. Further, the key players operating in the market are adopting various key strategies to gain major market share in the quantum secure communication market.

Major players in the global quantum secure communication market are:

• Toshiba
• Qubitekk, Inc.
• SpeQtral
• Quantropi, Inc.
• BT Group
• Quantum Communications Victoria
• ID Quantique
• Others

Recent Developments

• In January 2020, British multinational defense technology company- QinetiQ inked an agreement to sell the company's entire Quantum Key Distribution (QKD) patent portfolio to Qubitekk. The portfolio includes 57 patent filings, 17 patent families, and novel technological approaches in quantum science. This agreement will enhance the product offerings of the Qubitekk, Inc.
• In April 2022, BT, one of the leading telecommunication companies in the UK, and Toshiba, a Japanese multinational conglomerate, along with EY, a multinational professional services network in the UK, announced the trial of the commercial quantum secured metro network. This infrastructure will connect numerous customers across London, assisting them in secure data and information transmission between multiple physical locations over standard fiber-optic links using quantum key distribution (QKD). By this, the UK government strategies to become a qunatam-enabled economy.

Key Issues Addressed

• What is the market size by various segmentation of the quantum secure communication market by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the quantum secure communication market?
• What are the key opportunities and trends for manufacturers involved in the quantum secure communication market supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of quantum secure communication market in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of leading and prominent companies in the market.