The latest issue of the Quantum Technology Monitor from McKinsey & Company summarizes the interim results of the development of markets for quantum technologies (quantum computing, quantum communications and quantum sensing) as of mid-2022.
Analysts of the Roscongress Foundation have identified the main theses of this study, accompanying each of them with a relevant piece of video broadcasts of panel discussions held as part of the business programs of key events held by the Foundation.
North America leads in terms of the number of companies and the amount of funding for projects and start-ups in the development of quantum technologies.
The countries of North America are leading in terms of market share of quantum technologies. About 40% of all players (10 of the 12 largest) and 60% of all investments in startups are concentrated on this continent. At the same time, it should be noted that Asian countries have advanced the farthest in the introduction of quantum technologies. Japan and China are actively both introducing developments into their own operations and creating commercial services based primarily on quantum communication technologies.
Total investment in quantum technologies already exceeds $1 billion per year, but more is planned. So, China announced more than $15 billion of investments in the coming years, the EU $7 billion, the US and Japan almost $2 billion each, the UK $1.3 billion, India and Canada $1 billion each, Russia $700 million.
The greatest attention from both private and public investors is focused on quantum computing technologies and the creation of hardware complexes.
The total number of players in the quantum computing market is 228, according to McKinsey & Company, which is more than the combined quantum communications and quantum sensing (111 and 58, respectively). The total volume of investments is also significantly in favor of quantum computing: quantum computing $3 billion, quantum communications $0.7 billion, quantum sensing $0.4 billion. This trend is primarily due to the predicted market size. If estimates of the size of the quantum computing market reach $93 billion, then for the rest of the quantum technologies under consideration, they do not exceed $7 billion.
Among the 10 largest transactions, only 2 relate to projects for the development of software products for quantum technologies, the rest are hardware complexes.
Among the various technological solutions in the development of hardware systems, superconducting circuits are in the lead.
Due to the fact that the industry has not yet formed common standards, there is currently an active struggle between different types of qubits. Neutral atom technologies and spin qubits have received the least investment to date ($145 million and $293 million, respectively). 500 million dollars invested in the development of Majorana fermions technology. About 1.5 billion has been invested in technology of trapped ions and photonic networks. The largest volume of investments is directed to the development of technologies for superconducting circuits more than 2.7 billion dollars.
We also invite you to familiarize yourself with other materials posted in special sections of the Roscongress Information and Analytical System Quantum technology, Basic Research and Applied Research dedicated to the problems and prospects of technological development.
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