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Quantum Photonics Market Share

Report ID: GMI9107
Published Date: Apr 2024
Report Format: PDF

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Quantum Photonics Market Share

Toshiba and Xanadu held a significant share of over 9.5% in the quantum photonics industry in 2023. Toshiba is a prominent player in the quantum photonics landscape, pioneering innovations in quantum encryption, quantum communication, and quantum computing. With a strong focus on research and development, Toshiba has established itself as a leader in the development of quantum technologies. Its diverse portfolio and strategic partnerships position it at the forefront of advancing quantum photonics solutions for various industries and applications.

Major players, such as Toshiba, Xanadu, Quandela, ID Quantique employ strategic measures, such as geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches, to gain market share.

Quantum Photonics Market Companies

Major players operating in the market are:

ID Quantique
Menlo Systems
Microchip Technology
NEC
Nordic Quantum Computing Group
NTT Technologies
ORCA Computing
PsiQuantum
Quandela
QuantumXchange
QuintessenceLabs
Quix Quantum
QUSIDE
Single Quantum
Thorlabs
Toshiba
TundraSystems
Xanadu

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for Quantum photonics recorded USD 420 million in 2023 and will exhibit a 33.5% CAGR between 2024 and 2032 due to escalating demand for secure communication and data encryption coupled with advancements in quantum computing and sensing applications.

The services segment in the quantum photonics industry will grow at 34.5% CAGR from 2024 to 2032, driven by the increasing demand for specialized expertise and support in implementing quantum technologies.

North America industry secured 33% revenue share in 2023, owing to increasing investments in R&D, robust collaborations between academic institutions and industry leaders, and expanding governmental initiatives directed towards the advancement of quantum technology.

Major players operating in the industry are Microchip Technology, Nordic Quantum Computing Group, NTT Technologies, ORCA Computing, PsiQuantum, Quandela, QuantumXchange, QuintessenceLabs, Quix Quantum, QUSIDE, Single Quantum, Thorlabs among others.