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Quantum Cryptography - Global Market Trajectory & Analytics

  • ID: 1056060
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ID Quantique SA
  • MagiQ Technologies Inc.
  • Nucrypt LLC
  • QuintessenceLabs Inc.
  • Raytheon BBN Technologies
  • SK Telecom
Global Quantum Cryptography Market to Reach $3.7 Billion by 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. Market is Estimated at $170 Million, While China is Forecast to Grow at 30% CAGR

The Quantum Cryptography market in the U.S. is estimated at US$170 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$636.4 Million by the year 2027 trailing a CAGR of 30% over the analysis period 2020 to 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.

Select Competitors (Total 26 Featured):
  • 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ID Quantique SA
  • MagiQ Technologies Inc.
  • Nucrypt LLC
  • QuintessenceLabs Inc.
  • Raytheon BBN Technologies
  • SK Telecom
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • 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: World Current & Future Analysis for Quantum Cryptography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 3: USA Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • CANADA
  • Table 4: Canada Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • JAPAN
  • Table 5: Japan Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • CHINA
  • Table 6: China Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • EUROPE
  • Table 7: Europe Current & Future Analysis for Quantum Cryptography by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: Europe 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • FRANCE
  • Table 9: France Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • GERMANY
  • Table 10: Germany Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • ITALY
  • Table 11: Italy Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • UNITED KINGDOM
  • Table 12: UK Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • REST OF EUROPE
  • Table 13: Rest of Europe Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • ASIA-PACIFIC
  • Table 14: Asia-Pacific Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • REST OF WORLD
  • Table 15: Rest of World Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
IV. COMPETITION
  • Total Companies Profiled: 26
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown
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