Quantum Computing in Aerospace & Defense Market Research Report- Global Forecast till 2024

Global Quantum Computing in Aerospace & Defense Market Research Report: Information by Component (Hardware, Software, and Services), Application (Quantum Key Distribution [QKD], Quantum Cryptanalysis, and Quantum Sensing), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2024

ID: MRFR/A&D/6318-HCR | February 2021 | Region: Global | 133 pages

Market Scenario


The global quantum computing in aerospace & defense market is expected to gain significant traction during the forecast period. Various countries such as the US and China are investing significantly in the development of quantum computing technologies. Moreover, high military investments in various regions are expected to drive market growth during the review period.


Quantum computing offers several advantages over traditional computing such as synchronization of weapon systems platforms which could provide a strategic edge to the military. Quantum computers can process large amounts of data which can help militaries develop war strategies and efficient communication networks to improve defense operations.


The adoption of artificial intelligence (AI) is increasing in the military. Systems integrated with AI and quantum computing are expected to strengthen military prowess by providing capabilities such as enhanced security to critical military infrastructure. Moreover, high military expenditure in various countries such as the US, China, and Saudi Arabia is expected to positively influence market growth during the forecast period.


The use of quantum computing by militaries is expected to enhance the security of battlefield communication. Moreover, naval forces are expected to benefit from quantum computing  as they could navigate in the ocean undetected. Research centers in Canada are currently working on technology such as quantum radar which is expected to help the military detect threats over large distances.


Chinese research groups have also been working on quantum technology in recent years. Researchers have built a satellite using QKD that is capable of sending quantum encrypted messages over long distances.


Segmentation of the Global Quantum Computing in Aerospace & Defense Market


Segmentation of the Global Quantum Computing in Aerospace & Defense Market


On the basis of component, the market has been segmented into hardware, software, and services. The software segment is expected to register the highest CAGR during the forecast period. Key companies such as IBM Corporation and 1qb Information Technologies Inc. are expected to drive the growth of the segment through their wide range of quantum computer software products. For example, IBM Corporation developed its own quantum computer called the Q System One.


Based on application, the market has been divided into quantum key distribution (QKD), quantum cryptanalysis, and quantum sensing. The quantum key distribution (QKD) segment was the largest segment in 2018 and is expected to be the fastest-growing during the forecast period. QKD technology enables data security which can be used by the military to protect critical infrastructure such as for energy distribution and telecommunication networks.   


On the basis of region, the market has been classified as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is expected to witness significant growth owing to large-scale investments in quantum computing in China and Japan. The Government of China is expected to invest approximately USD 10 billion in building the National Laboratory for Quantum Information Sciences by 2020. The center is expected to carry out research and development in the field of quantum computing.


Intended Audience



  • Computer hardware solutions providers

  • Law enforcement agencies

  • Defense organizations

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies 


Key Players


The key players in the global quantum computing in aerospace & defense market are D-Wave Systems Inc. (US), Qxbranch LLC (US), IBM Corporation (US), Cambridge Quantum Computing Ltd (UK), 1qb Information Technologies Inc. (Canada), QC Ware Corp. (US), Magiq Technologies Inc. (US), Station Q-Microsoft Corporation (US), and Rigetti Computing (US).


Research Methodology


The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities 


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  1. Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  1. Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)



Frequently Asked Questions (FAQ) :


Global quantum computing in the aerospace & defense market 2020 is projected to register a substantial 24% CAGR in the forecast period.

The massive demand for quantum computing in aerospace & defense due to the growing investments from the military sector is the primary growth inducer of the market.

The software segment is expected to observe substantial demand over the review period.

The quantum key distribution (QKD) segment is expected to secure the highest CAGR.

A few eminent market players operating in the global quantum computing in the aerospace & defense market are IBM Corporation (US), D-Wave Systems Inc. (US), Qxbranch LLC (US), among others.

Table of Contents
1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Quantum Computing in Aerospace & Defense Market, by Component

1.1.2. Global Quantum Computing in Aerospace & Defense Market, by Application

1.1.3. Global Quantum Computing in Aerospace & Defense Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Competitive Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Quantum Computing in Aerospace & Defense Market, by Component

7.1. Introduction

7.2. Hardware

7.2.1. Market Estimates & Forecast, 2019–2024

7.2.2. Market Estimates & Forecast, by Region, 2019–2024

7.3. Software

7.3.1. Market Estimates & Forecast, 2019–2024

7.3.2. Market Estimates & Forecast, by Region, 2019–2024

7.4. Services

7.4.1. Market Estimates & Forecast, 2019–2024

7.4.2. Market Estimates & Forecast, by Region, 2019–2024

8. Global Quantum Computing in Aerospace & Defense Market, by Application

8.1. Introduction

8.2. Quantum Key Distribution (QKD)

8.2.1. Market Estimates & Forecast, 2019–2024

8.2.2. Market Estimates & Forecast, by Region, 2019–2024

8.3. Quantum Cryptanalysis

8.3.1. Market Estimates & Forecast, 2019–2024

8.3.2. Market Estimates & Forecast, by Region, 2019–2024

8.4. Quantum Sensing

8.4.1. Market Estimates & Forecast, 2019–2024

8.4.2. Market Estimates & Forecast, by Region, 2019–2024

9. Global Quantum Computing in Aerospace & Defense Market, by Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2019–2024

9.2.2. Market Estimates & Forecast, by Component, 2019–2024

9.2.3. Market Estimates & Forecast, by Application, 2019–2024

9.2.4. US

9.2.4.1. Market Estimates & Forecast, by Component, 2019–2024

9.2.4.2. Market Estimates & Forecast, by Application, 2019–2024

9.2.5. Canada

9.2.5.1. Market Estimates & Forecast, by Component, 2019–2024

9.2.5.2. Market Estimates & Forecast, by Application, 2019–2024

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2019–2024

9.3.2. Market Estimates & Forecast, by Component, 2019–2024

9.3.3. Market Estimates & Forecast, by Application, 2019–2024

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, by Component, 2019–2024

9.3.4.2. Market Estimates & Forecast, by Application, 2019–2024

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast, by Component, 2019–2024

9.3.5.2. Market Estimates & Forecast, by Application, 2019–2024

9.3.6. France

9.3.6.1. Market Estimates & Forecast, by Component, 2019–2024

9.3.6.2. Market Estimates & Forecast, by Application, 2019–2024

9.3.7. Russia

9.3.7.1. Market Estimates & Forecast, by Component, 2019–2024

9.3.7.2. Market Estimates & Forecast, by Application, 2019–2024

9.3.8. Rest of Europe

9.3.8.1. Market Estimates & Forecast, by Component, 2019–2024

9.3.8.2. Market Estimates & Forecast, by Application, 2019–2024

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2019–2024

9.4.2. Market Estimates & Forecast, by Component, 2019–2024

9.4.3. Market Estimates & Forecast, by Application, 2019–2024

9.4.4. China

9.4.4.1. Market Estimates & Forecast, by Component, 2019–2024

9.4.4.2. Market Estimates & Forecast, by Application, 2019–2024

9.4.5. Japan

9.4.5.1. Market Estimates & Forecast, by Component, 2019–2024

9.4.5.2. Market Estimates & Forecast, by Application, 2019–2024

9.4.6. India

9.4.6.1. Market Estimates & Forecast, by Component, 2019–2024

9.4.6.2. Market Estimates & Forecast, by Application, 2019–2024

9.4.7. Rest of Asia-Pacific

9.4.7.1. Market Estimates & Forecast, by Component, 2019–2024

9.4.7.2. Market Estimates & Forecast, by Application, 2019–2024

9.5. Middle East & Africa

9.5.1. Market Estimates & Forecast, by Country, 2019–2024

9.5.2. Market Estimates & Forecast, by Component, 2019–2024

9.5.3. Market Estimates & Forecast, by Application, 2019–2024

9.5.4. UAE

9.5.4.1. Market Estimates & Forecast, by Component, 2019–2024

9.5.4.2. Market Estimates & Forecast, by Application, 2019–2024

9.5.5. Saudi Arabia

9.5.5.1. Market Estimates & Forecast, by Component, 2019–2024

9.5.5.2. Market Estimates & Forecast, by Application, 2019–2024

9.5.6. Rest of the Middle East & Africa

9.5.6.1. Market Estimates & Forecast, by Component, 2019–2024

9.5.6.2. Market Estimates & Forecast, by Application, 2019–2024

9.6. Latin America

9.6.1. Market Estimates & Forecast, by Country, 2019–2024

9.6.2. Market Estimates & Forecast, by Component, 2019–2024

9.6.3. Market Estimates & Forecast, by Application, 2019–2024

9.6.4. Brazil

9.6.4.1. Market Estimates & Forecast, by Component, 2019–2024

9.6.4.2. Market Estimates & Forecast, by Application, 2019–2024

9.6.5. Rest of Latin America

9.6.5.1. Market Estimates & Forecast, by Component, 2019–2024

9.6.5.2. Market Estimates & Forecast, by Application, 2019–2024

10. Competitive Landscape

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategies in the Global Quantum Computing in Aerospace & Defense Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Key Developments & Growth Strategies

10.6.1. Product Launches/Service Deployments

10.6.2. Mergers & Acquisitions

10.6.3. Joint Ventures

11. Company Profiles

11.1. D-Wave Systems Inc.

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. Qxbranch, LLC

11.2.1. Company Overview

11.2.2. Products/Services Offered

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. IBM Corporation

11.3.1. Company Overview

11.3.2. Products/Services Offered

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Cambridge Quantum Computing Ltd

11.4.1. Company Overview

11.4.2. Products/Services Offered

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. 1qb Information Technologies Inc.

11.5.1. Company Overview

11.5.2. Products/Services Offered

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

Other Prominent Companies Profiled in the Report:

11.6. QC Ware Corp.

11.7. Magiq Technologies Inc.

11.8. Station Q-Microsoft Corporation

11.9. Rigetti Computing

11.10. Research at Google-Google Inc.

12. Appendix

12.1. References

12.2. Related Reports

12.3. List of Abbreviations

Note: This table of contents is tentative and subject to change as the research progresses.


List of Tables
Table 1 Global Quantum Computing in Aerospace & Defense Market, by Region, 2019–2024

Table 2 North America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 3 Europe: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 4 Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 5 Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 6 Latin America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 7 Global Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 8 Global Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 9 North America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 10 North America: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 11 North America: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 12 US: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 13 US: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 14 Canada: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 15 Canada: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 16 Europe: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 17 Europe: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 18 Europe: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 19 Germany: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 20 Germany: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 21 UK: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 22 UK: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 23 France: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 24 France: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 25 Russia: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 26 Russia: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 27 Rest of Europe: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 28 Rest of Europe: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 29 Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 30 Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 31 Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 32 China: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 33 China: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 34 Japan: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 35 Japan: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 36 India: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 37 India: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 38 Rest of Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 39 Rest of Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 40 Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 41 Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 42 Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 43 UAE: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 44 UAE: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 45 Saudi Arabia: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 46 Saudi Arabia: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 47 Rest of the Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 48 Rest of the Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 49 Latin America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024

Table 50 Latin America: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 51 Latin America: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 52 Brazil: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 53 Brazil: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024

Table 54 Rest of Latin America: Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024

Table 55 Rest of Latin America: Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024


List of Figures
FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Quantum Computing in Aerospace & Defense Market Share, by Component, 2018 (%)

FIGURE 9 Global Quantum Computing in Aerospace & Defense Market, by Component, 2019–2024 (USD Million)

FIGURE 10 Global Quantum Computing in Aerospace & Defense Market Share, by Application, 2018 (%)

FIGURE 11 Global Quantum Computing in Aerospace & Defense Market, by Application, 2019–2024 (USD Million)

FIGURE 12 Global Quantum Computing in Aerospace & Defense Market Share (%), by Region, 2018

FIGURE 13 Global Quantum Computing in Aerospace & Defense Market, by Region, 2019–2024 (USD Million)

FIGURE 14 North America: Quantum Computing in Aerospace & Defense Market Share (%), 2018

FIGURE 15 North America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024 (USD Million)

FIGURE 16 Europe: Quantum Computing in Aerospace & Defense Market Share (%), 2018

FIGURE 17 Europe: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024 (USD Million)

FIGURE 18 Asia-Pacific: Quantum Computing in Aerospace & Defense Market Share (%), 2018

FIGURE 19 Asia-Pacific: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024 (USD Million)

FIGURE 20 Middle East & Africa: Quantum Computing in Aerospace & Defense Market Share (%), 2018

FIGURE 21 Middle East & Africa: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024 (USD Million)

FIGURE 22 Latin America: Quantum Computing in Aerospace & Defense Market Share (%), 2018

FIGURE 23 Latin America: Quantum Computing in Aerospace & Defense Market, by Country, 2019–2024 (USD Million)