Amid the COVID-19 crisis, the global market for Quantum Cryptography estimated at US$565.7 Million in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 30.9% over the period 2020-2027.
The U. S. Accounts for Over 30.1% of Global Market Size in 2020, While China is Forecast to Grow at a 30% CAGR for the Period of 2020-2027
The Quantum Cryptography market in the U. S. is estimated at US$170 Million in the year 2020. The country currently accounts for a 30.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$636.4 Million in the year 2027 trailing a CAGR of 30% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.8% and 26.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.7% CAGR while Rest of European market (as defined in the study) will reach US$636.4 Million by the year 2027.The publisher brings years of research experience to this 15th edition of our report. The 74-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- ID Quantique SA
- MagiQ Technologies Inc.
- Nippon Telegraph and Telephone Corp.
- Nucrypt LLC
- Oki Electric Industry Company Ltd.
- QuintessenceLabs Inc.
- Raytheon BBN Technologies
- SK Telecom
- Universal Quantum Devices
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Secure Communications - Defining the Need for Cryptography
Recent Market Activity
Quantum Cryptography - Providing Secure Communications
A Pictorial Illustration of Quantum Cryptography
Using Quantum Key Distribution
Quantum Cryptography Market to Leapfrog over the Ensuing Years
The Advent for Quantum Computers
Quantum Computing Makes Quantum Cryptography Imperative
QKD R&D
Focus on Quantum-Secure Networks
Patent Landscape
Future Developments
QKD Systems and the Different Applications
Corporate
Healthcare
Defense
Infrastructure Protection
Transport
Finance
Space
Adoption in Regional Markets
Regional Initiatives in Quantum Cryptography Field
China to Play a Pivotal Role in the Global Quantum Cryptography Market
China’s Quantum Experiments
Global Competitor Market Shares
Quantum Cryptography Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ID Quantique SA (Switzerland)
MagiQ Technologies, Inc. (USA)
Nippon Telegraph and Telephone Corp. (Japan)
Nucrypt LLC (USA)
Oki Electric Industry Company Ltd (Japan)
QuintessenceLabs, Inc. (Australia)
Raytheon BBN Technologies (USA)
SK TELECOM CO., LTD. (Korea)
Toshiba Corp. (Japan)
Universal Quantum Devices (Canada)
3. MARKET TRENDS & DRIVERS
Growing Popularity of Crypto Cloud Computing System
Researchers Striving to Overcome Limitations in Terrestrial QKD networks
Satellite QKD Networks to Complement Terrestrial QKD Networks
Moving Beyond Point-to-Point Communications - An Important Step to Improve Commercialization Prospects
Quantum Access Network with Improved APDs to Enable Quantum Cryptography for Multiple Users
Threat of Cyber Crime Buoys Demand for Quantum Cryptography Solutions in Government Agencies
Growing Use of Cyber Security Solutions in Public Utilities
Demand for Cyber Security in Defense Sector on the Rise
Business Enterprises Drive Demand for QC-based Secure Communication Systems
Financial Services - A Key End Use Market for Information Security Solutions
Factors Affecting Implementation of Cyber Security Solutions by Enterprises Worldwide - Ranked in Order of Influence
Securing Internet Transaction: An Opportune Application Area for Quantum Cryptography
Quantum Cryptography to Secure Mobile Transactions
Strong Need for QKD Systems Compatibility with Existing Telecom Networks
New Protocol to Bring Quantum Cryptography to Mobile Telecommunications
Quantum Cryptography Finds Application in Securing Data for Electric Grids
Relativistic Quantum Cryptography to Ensure Secure Bit Commitment
Refinement of Photon Detectors Essential for Widespread Adoption
Researchers Identify Alternative Method to Sidestep Technical Flaw in Photon Detectors
High Cost of Infrastructure and Hardware: A Cause of Concern
Dire Need for Established Standards
Quantum Cryptography Driven by BYOD Policy Implementation
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Quantum Cryptography Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Quantum Cryptography Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 3: United States Quantum Cryptography Market Estimates and Projections in US$ Thousand: 2020 to 2027
CANADA
TABLE 4: Canadian Quantum Cryptography Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
JAPAN
TABLE 5: Japanese Market for Quantum Cryptography: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
CHINA
TABLE 6: Chinese Quantum Cryptography Market Growth Prospects in US$ Thousand for the Period 2020-2027
EUROPE
Market Facts & Figures
Market Analytics
TABLE 7: European Quantum Cryptography Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 8: European Quantum Cryptography Market Share Shift by Region/Country: 2020 VS 2027
FRANCE
TABLE 9: Quantum Cryptography Market in France: Estimates and Projections in US$ Thousand for the Period 2020-2027
GERMANY
TABLE 10: Quantum Cryptography Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
ITALY
TABLE 11: Italian Quantum Cryptography Market Growth Prospects in US$ Thousand for the Period 2020-2027
UNITED KINGDOM
TABLE 12: United Kingdom Market for Quantum Cryptography: Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
REST OF EUROPE
TABLE 13: Rest of Europe Quantum Cryptography Market Estimates and Forecasts in US$ Thousand: 2020-2027
ASIA-PACIFIC
TABLE 14: Quantum Cryptography Market in Asia-Pacific: Estimates and Projections in US$ Thousand for the Period 2020-2027
REST OF WORLD
TABLE 15: Rest of World Quantum Cryptography Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
IV. COMPETITION
Total Companies Profiled: 26
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