Quantum Chip Market set to hit $27.0 billion by 2035, as shift to quantum as a service (qaas) propels transformation

Industry revenue for Quantum Chip is estimated to rise to $27.0 billion by 2035 from $1.1 billion of 2024. The revenue growth of market players is expected to average at 34.0% annually for period 2024 to 2035. Quantum chip is critical across several key applications, including Quantum Computing, Quantum Cryptography, Quantum Sensing and Artificial Intelligence. The report unwind growth & revenue expansion opportunities at Technology, Component and Application with industry revenue Forecast.

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The Quantum chip market is characterized by intense competition, with a number of leading players such as IBM, Google, Intel, D-Wave and Rigetti. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Quantum chip market is projected to expand substantially, driven by the Rapid Advancements in Quantum Research and Demand for Enhanced Computing Power. This growth is expected to be further supported by Industry trends like Growing Interest in Quantum-Safe Cryptography; and position the market's continued expansion to reach $6.3 billion by 2030. Moreover, the key opportunities, such as Expansion into New Application Areas, Development of Hybrid Quantum-Classical Systems and government funding and support, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and Germany.

The U.S., China, Germany, Canada and UK are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 32.6% to 47.6% annually from 2024 to 2035. At the same time, South Korea, Israel and Australia are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Asia-Pacific are the two most active and leading regions in the market. With challenges like Technical Challenges, High Production Costs and lack of skilled workforce, market Supply Chains from Material Supplier / Quantum Chip Manufacturer / Component Integrator and to End-User is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including South Korea, Israel and Australia for expansion of the total addressable market (TAM).

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