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Quantum Cryptography - Global Market Trajectory & Analytics

  • ID: 1056060
  • Report
  • July 2020
  • Region: Global
  • 74 Pages
  • Global Industry Analysts, Inc
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Global Quantum Cryptography Market to Reach US$3.7 Billion by the Year 2027

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.
Note: Product cover images may vary from those shown
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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

Note: Product cover images may vary from those shown
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