Quantum Computing in Aerospace & Defense Market Highlights

The quantum computing in aerospace & defense market is estimated to register phenomenal growth during the forecast period. The demand for advanced computing and investments in the defense industry are expected to drive market growth. Moreover, the need to upgrade military digital infrastructure is estimated to propel market growth during the forecast period.

Quantum computing is currently in development with many countries investing in the technology to gain first-mover advantage. For instance, in April 2019, the Canadian government invested USD 30.4 million in quantum computing research. In April 2019, Zapata, a technology company, raised USD 21 million in funding from Prelude Ventures and Comcast Ventures to develop quantum computing software solutions for various hardware platforms. The company is expected to use the funding to develop quantum computing applications that would include a combination of machine learning and computational chemistry.

Quantum Computing in Aerospace & Defense Market Key Players

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

Quantum Computing in Aerospace & Defense Market Competitive Analysis:

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

In January 2019, Airbus issued a global challenge, inviting experts from around the world to contribute to solving issues in real-time industrial activities, including in the aerospace and defense sector.

In October 2018, Boeing launched a new organization, named Disruptive Computing and Networks, aimed at developing futuristic technological solutions for the aerospace sector. Quantum computing is likely to be a major focus for the organization in the coming years.

Quantum Computing in Aerospace & Defense Market Segmentation:

The global quantum computing in aerospace and defense market is segmented on the basis of component, application, and region.

By component, the global quantum computing in aerospace and defense market is segmented into hardware, software, and services. The software segment is likely to dominate the global quantum computing in aerospace and defense market over the forecast period, exhibiting the largest growth rate.

By application, the global market is segmented into quantum key distribution, quantum cryptanalysis, and quantum sensing. Quantum key distribution, which is a key component of data security mechanisms, is likely to be the dominant segment of the global quantum computing in aerospace and defense market over the forecast period.

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 2024l, Quantum Computing in Aerospace & Defense industry growing with latest technology with market values @ https://www.marketresearchfuture.com/reports/quantum-computing-aerospace-defense-market-7788