Quantum Communication Market is Estimated to Register a CAGR of 29.3% During the Forecast Period of 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Quantum Communication Market” that contains information from 2018 to 2032. The Quantum Communication market is estimated to register a CAGR of 29.3% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Quantum Communication market— AmberFlux, ATandT, Aliyun (Alibaba Cloud), Atos, Fujitsu, Huawei Noah's Ark Lab, ID Quantique, MagiQ, Mitsubishi, NEC Corporation, NTT Laboratories, Raytheon/BBN, Toshiba and Quantumctek Co, Ltd.

Market Highlights

The global quantum communication market is accounted to register a CAGR of 29.3% during the forecast period and is estimated to reach USD 8.3 Billion by 2032.

The global quantum communication market makes use of quantum physics to provide ultra-secure communication, is at the forefront of cutting-edge technology. Quantum entanglement and superposition are used in quantum communication to transfer data with unmatched security that is impervious to hacker efforts. As cybersecurity grows more important, particularly in industries like banking, defense, and healthcare where data integrity is crucial, this market is positioned for significant growth. In our digitally connected world, quantum communication offers a promising alternative for safe and encrypted communication.

Segment Analysis

The global quantum communication market has been segmented based on product type and application.

On the basis of product type, the market is segmented into hardware and service. The hardware segment dominated the market, accounting for 61.25% of market revenue. Private companies and venture investors are investing in the creation of quantum communication gear due to its potential in numerous industries.

Based on application, the global quantum communication market has been segmented into national defense, aerospace, finance and other. The national defense category generated the most income (43.25%). National defense is a dominant subsegment because security and confidentiality are of the utmost importance in this market.

Regional Analysis

The global quantum communication market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Quantum Communication market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Quantum Communication market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Quantum Communication market comprises of Middle East, Africa, and Latin America.

The North America quantum communication market dominated this market in 2022 (45.80%). The US government has also made large investments in quantum research, especially in quantum communication, due to the potential benefits for national security.

Moreover, the second-largest market share belongs to the quantum communication market in Europe. Products for secure communication and quantum cryptography have grown in popularity throughout Europe.

Additionally, the Asia-Pacific quantum communication market is expected to grow at the fastest CAGR from 2023 to 2032. This is a result of increased security awareness and the requirement for safe and secure communication.

Furthermore, the rest of the world's quantum communication market is divided into the Middle East, Africa, and Latin America. The Latin America Quantum Communication Market is steadily evolving as the region embraces advanced quantum technologies. Quantum communication, based on the principles of quantum mechanics, offers ultra-secure information transmission. Latin American industries, including finance, defense, and healthcare, are recognizing its potential to enhance data security and integrity. As the demand for cybersecurity solutions grows, the market in Latin America is poised for expansion, promising robust, hack-proof communication systems to safeguard sensitive information across the region.

Key Findings of the Study

• The global quantum communication market is expected to reach USD 8.3 Billion by 2032, at a CAGR of 29.3% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. This is due to expanding awareness of security and need of high and secure communication.


• Based on product type, the hardware segment was attributed to holding the largest market in 2022.


• AmberFlux, ATandT, Aliyun (Alibaba Cloud), Atos, Fujitsu, Huawei Noah's Ark Lab, ID Quantique, MagiQ, Mitsubishi, NEC Corporation, NTT Laboratories, Raytheon/BBN, Toshiba and Quantumctek Co, Ltd are key market players.