New York, United States , Aug. 07, 2024 (GLOBE NEWSWIRE) -- The Global Quantum Technologies in Military Market Size is Expected to Hold a Significant Share by 2033, at 19.2% CAGR from 2023 to 2033.
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Quantum technologies in military applications encompass a range of emerging technologies that leverage principles from quantum mechanics to enhance various aspects of defense and security operations. These technologies aim to exploit quantum properties such as superposition, entanglement, and quantum coherence to achieve capabilities that exceed classical technologies in several areas, including quantum communication, quantum computing, quantum metrology, quantum radar and lidar, quantum simulation, and many others. Several compelling considerations drive the use of quantum technologies in the military industry, including the necessity for increased security and encryption methods provided by quantum systems, which ensure robust protection of critical military communications and data. The extraordinary processing capacity of quantum computing promises to transform logistical optimization, cryptography, and vital military simulations. Advances in quantum sensing and imaging technologies provide greater capabilities for identifying stealthy objects and increasing situational awareness. However, the military market's adoption of quantum technologies confronts numerous key restricting challenges, including the technological immaturity of many quantum systems, which limits their practical deployment owing to difficulties such as scalability and dependability.
Browse key industry insights spread across 230 pages with 90 Market data tables and figures & charts from the report on The "Global Quantum Technologies in Military Market Size, Share, and COVID-19 Impact Analysis, By Technology (Quantum Computing, Quantum Sensing, Quantum Communication), By Application (Quantum Cybersecurity, Quantum Communication Network, Quantum Positioning, Navigation, and Timing (PNT) System, Quantum Underwater Warfare, Quantum Space Warfare, Others), By End-User(AirForce, Army, and Navy), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The quantum computing segment is predicted to hold the largest market share through the forecast period.
Based on the technology, the quantum technologies in the military market are classified into quantum computing, quantum sensing, and quantum communication. Among these, the quantum computing segment is predicted to hold the largest market share through the forecast period. Quantum computing has the potential to change military operations by providing extraordinary computational capacity that can solve complicated problems tenfold faster than traditional computers.
The quantum communication network segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the quantum technologies in the military market are divided into quantum cybersecurity, quantum communication network, quantum positioning, navigation, and timing (PNT) systems, quantum underwater warfare, quantum space warfare, and others. Among these, the quantum communication network segment is anticipated to hold the highest market share during the projected timeframe. Quantum communication network networks are crucial for military operations because they may provide extremely secure communication channels through quantum key distribution (QKD) and advanced cryptographic protocols.
The airforce segment is anticipated to hold the greatest share of the quantum technologies in the military market during the projected timeframe.
Based on the end-user, the quantum technologies in the military market are categorized into airforce, army, and navy. Among these, the airforce segment is anticipated to hold the greatest share of the quantum technologies in the military market during the projected timeframe. This dominance derives from the Air Force's strategic emphasis on technological superiority and specialized operational requirements. Quantum technologies provide considerable benefits in communication, processing, and sensing, which are crucial for air force operations like surveillance, reconnaissance, and early warning systems.
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North America is estimated to hold the largest share of the quantum technologies in the military market over the forecast period.
North America is estimated to hold the largest share of the quantum technologies in the military market over the forecast period. North America's dominance is due to the region's strong technological prowess and large investments in quantum research and development, primarily pushed by the United States Department of Defense and other defense agencies.
Asia Pacific is predicted to have the highest CAGR growth in quantum technologies in the military market over the forecast period. This growth is driven by increasing defense expenditures across countries like China, India, Japan, and South Korea, aimed at modernizing military capabilities. The region's rapid technological advancements, coupled with strategic geopolitical dynamics and initiatives promoting indigenous research and development, further bolster its position.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the quantum technologies in the military market include IBM, Lockheed Martin Corporation, Northrop Grumman Corporation, International Defense Security & Technology Inc., Boeing, Raytheon Technologies, D-Wave Systems, Honeywell Quantum Solutions, Quantum Coating Inc., Rigetti Computing, The Whisper Company, Sweetwater Defense, QUANTUM DEFEN5E (QD5), and Others Key Vendors.
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Recent Developments
- In February 2024, SpeQtral, a Singapore-based quantum communications technology, launched TarQis, a mobile quantum-optical ground station (Q-OGS) allowing access to secure communication through satellite quantum key distribution (QKD).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the quantum technologies in the military market based on the below-mentioned segments:
Global Quantum Technologies in Military Market, By Technology
- Quantum Computing
- Quantum Sensing
- Quantum Communication
Global Quantum Technologies in Military Market, By Application
- Quantum Cybersecurity
- Quantum communication network
- Quantum positioning, navigation, and timing (PNT) system
- Quantum Underwater warfare
- Quantum Space warfare
- Others
Global Quantum Technologies in Military Market, By End-User
- AirForce
- Army
- Navy
Global Quantum Technologies in Military Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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