Quantum Technology Industry Report 2024

Report: IQT-QTIR2024-0424

Published April 2024!

IQT’s Quantum Technology Industry Report 2024 is the second annual publication to provide the latest information you need to stay informed and expand your knowledge of the rapidly evolving quantum technology industry. Covering quantum cybersecurity, quantum sensors, and quantum networks as well as quantum computing itself, this annual report provides a thorough understanding of quantum technology from the latest testbeds, developments in market-driven applications, all the way to commercial software and hardware products trends.


Table of Contents


PART ONE: INTRODUCTION TO THE 2024 EDITION
Why does the Quantum Industry Need this Report?
What is Quantum Technology?
The Importance of Being a Qubit
Quantum Technology 2023-2024: Notable Trends
Five-year Market Forecast of the Quantum Technology Sector
Plan of this Report
Research Methodology Used


PART TWO: QUANTUM COMPUTING AND QUANTUM PROCESSORS
Notable Developments in 2023-2024
Full-stack Quantum Computers
The QPU Business
Many Ways to Quantum Computing: Developments Worldwide 2023-224
Ten Companies that Stood Out in 2023-2024
Quantum Inspired and Quantum Hybrid Systems
Fault Tolerance, Error Checking and all that
When a Quantum Computer Beats a Classical Computers: Quantum Advantage
Quantum and Pharmaceuticals
Quantum and New Materials
Quantum and the Financial Services Industry
Quantum in the Automotive Industry
Quantum in the Aerospace Industry
Quantum, Defense and National Security
Planning and Implementing Quantum Computing in the Enterprise and Data Center
Five-year Forecast of the Quantum Computing Market Market


PART THREE: QUANTUM AI


PART FOUR : QUANTUM CYBERSECURITY
Notable Developments in 2023-2024
Cybersecurity: Is the Quantum Apocalypse Getting Closer?
Cybersecurity Policy Considerations in the U.S.
QKD + PQC + QNG: Emerging Techno-strategies for Quantum Cybersecurity
Quantum Key Distribution: Government as the Key Influencer
Future of Quantum Cybersecurity Standards: What does 2024 Hold?
QRNGs: The Most Useful Thing in the Quantum World
Five-year Forecast of the Quantum Cybersecurity Market


PART FIVE: QUANTUM NETWORKING AND THE COMING OF THE QUANTUM INTERNET
Notable Developments in 2023-2024
From Quantum Testbeds to the Quantum Internet: Quantum Networking in 2023
Quantum Repeaters and the New Quantum Networking Hardware
Quantum in 5G/6G and the Quantum Internet of Things
Quantum Networks in the U.S.
Quantum Networks in China
Quantum Networks in Europe
Five-year Forecast of the Quantum Networking Market


PART SIX: QUANTUM SENSORS: THE FIRST COMMERCIAL QUANTUM TECHNOLOGY SECTOR
Notable Developments in 2023-2024
The Quantum Sensor Business: Still a Hot Sector?
Chip-scale Atomic Clocks
Quantum Magnetometers
Quantum Light Detectors
What are the Prospects for Other Quantum Sensors
Quantum sensors in Transportation and Navigation
Quantum Sensors in Construction, Surveying and the Oil and Gas Industries
Quantum-enhanced Imaging in the Healthcare Segment
Quantum Sensors in the Defense Industry
Five-year Forecast of the Quantum Sensor Market


PART SEVEN: QUANTUM COMPONENTS AND QUANTUM MATERIALS
Notable Developments in 2023-2024
Dilution refrigerators: Latest developments
Control Electronics and Cables
Microwave and Optical Components
Prospects for Quantum Materials


PART EIGHT: FINANCING THE QUANTUM REVOLUTION
Notable Developments in 2023-2024
Public Companies and the Rise of SPACs
Current VC Thinking About Quantum
Quantum Funding Alternatives
(Quantum) Winter is Coming?


PART NINE: WORKFORCE AND EDUCATION ISSUES
The Quantum Workforce: What Skills are Needed
The Role of Industrial Training
Training from Professional Societies and Related Organizations
Quantum Vendor-based Training
Universities and Quantum Centers
How to Create a Quantum Curriculum
Executive education: Do CEOs Need to Know About Quantum?


PART TEN: QUANTUM DEVELOPMENTS AT THE NATIONAL AND INTERNATIONAL LEVEL
Quantum Technology: Policy and Politics
Introduction: Quantum and Sino-American Relations: A Quantum Space Race
Quantum in North America
Switzerland and Quantum
Pan-European and European National Programs
Quantum Technology Policy In Japan
Quantum Policy in South Korea


Appendix One: Ten Best Quantum Technology Books and Other Information Sources
Appendix Two: About the Author



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2024 Edition

Quantum Technology Industry Report 2024

Quantum Technology Industry Report 2024:
Trends, Perspectives, Forecasts

GET YOUR 2024 EDITION pre-publication offer: regular price $695; order before April 15, 2024 publication and save over 30% (pay $485)

Quantum Technology Industry Report 2024 features the latest information you need to stay informed and expand your knowledge of the constantly evolving quantum computing and technology worlds.

The 2nd annual report takes a deep dive into the growth and developments of the quantum computer and technology industry. This highly anticipated report provides, insights, market analysis and expert forecasts to help you navigate the rapidly evolving landscape of quantum computers and applied applications.

The report consists of eight chapters covering:

  • Quantum computing and QPUs – there are now over 80 companies building such products and examples of where quantum computers are outperforming classical computation in certain applications
  • Quantum cybersecurity – with NIST and other organizations around the world preparing new encryption algorithms to protect against quantum attacks a vibrant market for post-quantum communications is emerging
  • Quantum Communications and the Quantum Internet – After years of being a “science project,” this area is attracting the interest of some of the biggest players in the telecom equipment industry as well as start-ups with their eyes on advanced networking technologies such as quantum repeaters
  • Quantum sensors – quantum sensors have finally outgrowth their PAR routes with large companies viewing them as a market opportunity and new applications for quantum sensors beginning to grow beyond magnetometers
  • Quantum system materials and components – we are still at the earliest stage of practical quantum technology . Which materials have the biggest revenue potential going forward?
  • Funding for the quantum technology industry – are venture capitalists still interested in quantum or has the quantum winter finally set in? Will government funding be enough to keep up rapid growth in the quantum field?
  • The quantum workforce – training and course for quantum technicians and quantum executives
  • The International quantum technology perspective – where is the quantum space race between the US and China headed? What is the future of all those national quantum programs slated in the developed countries.

Anyone with serious interest in quantum computers and technology should be reading Quantum Technology Industry Report. There is no better annual resource for anyone in the business and development of quantum computers and applied technologies. QTIR is the industry bible. (single user and enterprise licenses available)

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