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Asia Pacific Quantum Computing Market Outlook, 2030

The Asia Pacific quantum computing market will grow by 31%, supported by rising research initiatives and growing adoption in various industries.

The Asia Pacific quantum computing market is experiencing rapid expansion, driven by substantial government investments, a burgeoning ecosystem of startups and research institutions, and increasing industrial adoption. Countries like China, Japan, South Korea, and Australia are at the forefront, with strategic initiatives and funding programs aimed at establishing regional leadership in this transformative technology. The market is witnessing significant advancements in hardware development, software platforms, and algorithm research, fueled by collaborations between academia, industry, and government agencies. The region's focus on technological innovation and its large pool of skilled talent are key drivers. Furthermore, the increasing demand for advanced computing solutions in sectors like finance, healthcare, and materials science is propelling the adoption of quantum computing. The Asia Pacific market is poised for significant growth, as it leverages its strengths in manufacturing, technological innovation, and strategic partnerships to become a major player in the global quantum landscape.

Asia Pacific quantum computing market will grow by 31.9% annually with a total addressable market cap of $10,550.0 million over 2022-2031, driven by the need for secure communication and digitization, an emergence of advance applications and early adoption of quantum computers in some industries, increased investment in quantum computing technology, and the rise of numerous strategic partnerships and collaborations among key vendors. "Convergence" characterizes the Asia Pacific quantum computing market. Market trends reveal a strong push towards hybrid quantum-classical computing, alongside the development of fault-tolerant quantum computers. Drivers include national strategic imperatives, such as securing technological sovereignty and enhancing national security. Trade programs, often embedded within broader science and technology initiatives, facilitate international collaborations and knowledge exchange. Governments are actively promoting public-private partnerships, fostering a dynamic ecosystem that accelerates research and commercialization. Increased investment in quantum infrastructure, including quantum communication networks and data centers, is also a significant trend. The region is seeing a shift towards cloud-based quantum services, making quantum computing accessible to a wider range of users. The strategic alignment of research efforts with industrial applications is further driving the market's growth, ensuring practical and impactful outcomes.

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The component segment of the Asia Pacific quantum computing market encompasses a range of crucial elements, including quantum processors, control systems, cryogenic equipment, and software tools. Quantum processors, the core of quantum computers, are seeing rapid advancements in qubit count and coherence times. Control systems, which manage the delicate operations of qubits, are becoming more sophisticated and reliable. Cryogenic equipment, essential for maintaining the extremely low temperatures required for many quantum computing architectures, is also experiencing technological improvements. Software tools, including quantum programming languages, simulators, and development kits, are becoming more user-friendly and accessible. The integration of these components into robust and scalable quantum computing platforms is a key focus for market players. The segment is driven by continuous research and development, aimed at enhancing performance, reliability, and cost-effectiveness.

The technology segment of the Asia Pacific quantum computing market is diverse, featuring various quantum computing architectures. Superconducting qubits, trapped ions, photonic systems, and neutral atoms are among the leading technologies being pursued. Superconducting qubits, known for their scalability and ease of fabrication, are widely adopted by major players. Trapped ions, offering high qubit coherence times, are favored for applications requiring high precision. Photonic systems, leveraging the properties of light, are promising for quantum communication and networking. Neutral atoms, with their potential for high scalability and connectivity, are also gaining traction. Research efforts are focused on improving qubit stability, reducing error rates, and developing fault-tolerant quantum computing systems. The segment is characterized by intense competition and rapid innovation, as companies and research institutions strive to achieve quantum advantage.
The deployment segment of the Asia Pacific quantum computing market includes on-premises, cloud-based, and hybrid deployment models. Cloud-based quantum computing services are gaining popularity, offering access to quantum resources without the need for significant upfront investment in hardware. This model is democratizing access to quantum computing, enabling businesses and researchers to experiment with quantum algorithms and applications. On-premises deployment is preferred by organizations requiring high levels of security and control over their quantum computing infrastructure. Hybrid deployment, combining on-premises and cloud resources, is also emerging as a viable option, offering flexibility and scalability. The segment is driven by the increasing availability of quantum computing platforms and the growing demand for flexible deployment options.
The application segment of the Asia Pacific quantum computing market spans a wide range of industries and use cases. Quantum simulation is a key application, enabling the modeling of complex molecular interactions for drug discovery and materials science. Quantum optimization is being used to solve complex problems in logistics, finance, and supply chain management. Quantum machine learning is exploring the potential of quantum algorithms to enhance artificial intelligence capabilities. Quantum cryptography is enhancing security in communication networks. The segment is driven by the potential of quantum computing to solve problems that are intractable for classical computers, offering significant advantages in various fields.
The industry vertical segment of the Asia Pacific quantum computing market includes finance, healthcare, materials science, automotive, and telecommunications. In finance, quantum computing is being used for portfolio optimization, risk management, and fraud detection. In healthcare, it is enabling drug discovery, personalized medicine, and medical imaging. In materials science, it is accelerating the development of new materials with enhanced properties. In the automotive industry, it is optimizing logistics and developing advanced sensors. In telecommunications, it is enhancing network security and developing quantum communication technologies. The segment is driven by the increasing recognition of the potential of quantum computing to transform various industries.
The Asia Pacific quantum computing market is led by countries with strong government support and established research ecosystems. China is investing heavily in quantum technology, aiming to become a global leader. Japan is focusing on developing quantum computing hardware and software, with strong industry participation. South Korea is emphasizing quantum communication and cryptography, with significant government funding. Australia is leveraging its expertise in quantum physics to develop cutting-edge quantum technologies. Other countries, such as Singapore, India, and Taiwan, are also making significant investments in quantum computing research and development. The region is characterized by intense competition and collaboration, as countries strive to establish their positions in the global quantum landscape.

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Anuj Mulhar

Anuj Mulhar

Industry Research Associate



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Table of Contents

  • 1 Introduction 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 13
  • 1.2.6 Market Size/Share Estimation 14
  • 1.2.7 Research Limitations 15
  • 1.3 Executive Summary 16
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 20
  • 2.1.2 Impact of COVID-19 on the Market 24
  • 2.2 Major Growth Drivers 26
  • 2.3 Market Restraints and Challenges 30
  • 2.4 Emerging Opportunities and Market Trends 33
  • 2.5 Porter’s Fiver Forces Analysis 37
  • 3 Segmentation of Asia Pacific Market by Component 41
  • 3.1 Market Overview by Component 41
  • 3.2 Hardware 43
  • 3.2.1 Quantum Computers 44
  • 3.2.2 Programmed Infrastructure 45
  • 3.3 Software 46
  • 3.3.1 Simulation 48
  • 3.3.2 Optimization 49
  • 3.3.3 Machine Learning 50
  • 3.3.4 Sampling and Others 51
  • 3.4 Services 52
  • 3.4.1 Professional Services 53
  • 3.4.2 Managed Services 54
  • 4 Segmentation of Asia Pacific Market by Technology 55
  • 4.1 Market Overview by Technology 55
  • 4.2 Superconducting Qubits 57
  • 4.3 Trapped Ion 58
  • 4.4 Quantum Cryptography 59
  • 4.5 Quantum Annealing 60
  • 4.6 Topological and Photonic 61
  • 5 Segmentation of Asia Pacific Market by Deployment 62
  • 5.1 Market Overview by Deployment 62
  • 5.2 On-premises Deployment 64
  • 5.3 Cloud-based Deployment 65
  • 6 Segmentation of Asia Pacific Market by Application 66
  • 6.1 Market Overview by Application 66
  • 6.2 Machine Learning (ML) 68
  • 6.3 Quantum Optimization 69
  • 6.4 Quantum Simulation 70
  • 6.5 Quantum Finance 71
  • 6.6 Quantum Chemistry 72
  • 6.7 Other Applications 73
  • 7 Segmentation of Asia Pacific Market by Industry Vertical 74
  • 7.1 Market Overview by Industry Vertical 74
  • 7.2 Pharmaceutical and Healthcare 76
  • 7.3 BFSI 77
  • 7.4 Government and Public Services 78
  • 7.5 Aerospace and Defense 79
  • 7.6 Energy & Utilities 80
  • 7.7 Automotive and Transportation 81
  • 7.8 Chemical Industry 82
  • 7.9 IT and Telecom 83
  • 7.10 Manufacturing Industry 84
  • 7.11 Cybersecurity 85
  • 7.12 Media and Entertainment 86
  • 7.13 Other Industry Verticals 87
  • 8 Asia-Pacific Market 2021-2031 by Country 88
  • 8.1 Overview of Asia-Pacific Market 88
  • 8.2 Japan 91
  • 8.3 China 94
  • 8.4 Australia 97
  • 8.5 India 99
  • 8.6 South Korea 101
  • 8.7 Rest of APAC Region 103
  • 9 Competitive Landscape 105
  • 9.1 Overview of Key Vendors 105
  • 9.2 New Product Launch, Partnership, Investment, and M&A 108
  • 9.3 Company Profiles 109
  • 1QB Information Technologies Inc. 109
  • Accenture Plc. 111
  • Amazon Web Services, Inc. 112
  • Anyon Systems, Inc. 113
  • Atos SE 114
  • Cambridge Quantum Computing Ltd. 115
  • ColdQuanta, Inc. 116
  • D-Wave Systems Inc. 117
  • Google LLC by Alphabet Inc. 118
  • Honeywell International Inc. 119
  • IBM Corporation 120
  • Intel Corporation 121
  • IonQ Inc. 122
  • ISARA Corporation 123
  • Microsoft Corporation 124
  • QC Ware Corp. 125
  • Quantum Circuits, Inc. 126
  • Rigetti & Co, Inc. 127
  • River Lane Research 128
  • Xanadu Quantum Technologies Inc. 129
  • Zapata Computing, Inc. 130
  • RELATED REPORTS 131

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Asia Pacific Quantum Computing Market, 2021-2031, $ mn 19
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Quantum Computing Market 26
Figure 7. World Industrial IoT Market, 2019-2030, $ bn 29
Figure 8. World 5G Enabled Industrial IoT (IIoT) Market, 2019-2030, $ bn 29
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Quantum Computing Market 30
Figure 10. Investment Opportunity Analysis 34
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Quantum Computing Market 37
Figure 12. Breakdown of Asia Pacific Quantum Computing Market by Component, 2021-2031, % of Revenue 42
Figure 13. Asia Pacific Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 42
Figure 14. Asia Pacific Quantum Computing Market by Component: Hardware, 2021-2031, $ mn 43
Figure 15. Asia Pacific Quantum Computing Market by Hardware: Quantum Computers, 2021-2031, $ mn 44
Figure 16. Asia Pacific Quantum Computing Market by Hardware: Programmed Infrastructure, 2021-2031, $ mn 45
Figure 17. Asia Pacific Quantum Computing Market by Component: Software, 2021-2031, $ mn 46
Figure 18. Asia Pacific Quantum Computing Market by Software: Simulation, 2021-2031, $ mn 48
Figure 19. Asia Pacific Quantum Computing Market by Software: Optimization, 2021-2031, $ mn 49
Figure 20. Asia Pacific Quantum Computing Market by Software: Machine Learning, 2021-2031, $ mn 50
Figure 21. Asia Pacific Quantum Computing Market by Software: Sampling and Others, 2021-2031, $ mn 51
Figure 22. Asia Pacific Quantum Computing Market by Component: Services, 2021-2031, $ mn 52
Figure 23. Asia Pacific Quantum Computing Market by Services: Professional Services, 2021-2031, $ mn 53
Figure 24. Asia Pacific Quantum Computing Market by Services: Managed Services, 2021-2031, $ mn 54
Figure 25. Breakdown of Asia Pacific Quantum Computing Market by Technology, 2021-2031, % of Sales Revenue 56
Figure 26. Asia Pacific Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%) 56
Figure 27. Asia Pacific Quantum Computing Market by Technology: Superconducting Qubits, 2021-2031, $ mn 57
Figure 28. Asia Pacific Quantum Computing Market by Technology: Trapped Ion, 2021-2031, $ mn 58
Figure 29. Asia Pacific Quantum Computing Market by Technology: Quantum Cryptography, 2021-2031, $ mn 59
Figure 30. Asia Pacific Quantum Computing Market by Technology: Quantum Annealing, 2021-2031, $ mn 60
Figure 31. Asia Pacific Quantum Computing Market by Technology: Topological and Photonic, 2021-2031, $ mn 61
Figure 32. Breakdown of Asia Pacific Quantum Computing Market by Deployment, 2021-2031, % of Sales Revenue 63
Figure 33. Asia Pacific Addressable Market Cap in 2022-2031 by Deployment, Value ($ mn) and Share (%) 63
Figure 34. Asia Pacific Quantum Computing Market by Deployment: On-premises Deployment, 2021-2031, $ mn 64
Figure 35. Asia Pacific Quantum Computing Market by Deployment: Cloud-based Deployment, 2021-2031, $ mn 65
Figure 36. Breakdown of Asia Pacific Quantum Computing Market by Application, 2021-2031, % of Revenue 67
Figure 37. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 67
Figure 38. Asia Pacific Quantum Computing Market by Application: Machine Learning (ML), 2021-2031, $ mn 68
Figure 39. Asia Pacific Quantum Computing Market by Application: Quantum Optimization, 2021-2031, $ mn 69
Figure 40. Asia Pacific Quantum Computing Market by Application: Quantum Simulation, 2021-2031, $ mn 70
Figure 41. Asia Pacific Quantum Computing Market by Application: Quantum Finance, 2021-2031, $ mn 71
Figure 42. Asia Pacific Quantum Computing Market by Application: Quantum Chemistry, 2021-2031, $ mn 72
Figure 43. Asia Pacific Quantum Computing Market by Application: Other Applications, 2021-2031, $ mn 73
Figure 44. Breakdown of Asia Pacific Quantum Computing Market by Industry Vertical, 2021-2031, % of Revenue 75
Figure 45. Asia Pacific Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 75
Figure 46. Asia Pacific Quantum Computing Market by Industry Vertical: Pharmaceutical and Healthcare, 2021-2031, $ mn 76
Figure 47. Asia Pacific Quantum Computing Market by Industry Vertical: BFSI, 2021-2031, $ mn 77
Figure 48. Asia Pacific Quantum Computing Market by Industry Vertical: Government and Public Services, 2021-2031, $ mn 78
Figure 49. Asia Pacific Quantum Computing Market by Industry Vertical: Aerospace and Defense, 2021-2031, $ mn 79
Figure 50. Asia Pacific Quantum Computing Market by Industry Vertical: Energy & Utilities, 2021-2031, $ mn 80
Figure 51. Asia Pacific Quantum Computing Market by Industry Vertical: Automotive and Transportation, 2021-2031, $ mn 81
Figure 52. Asia Pacific Quantum Computing Market by Industry Vertical: Chemical Industry, 2021-2031, $ mn 82
Figure 53. Asia Pacific Quantum Computing Market by Industry Vertical: IT and Telecom, 2021-2031, $ mn 83
Figure 54. Asia Pacific Quantum Computing Market by Industry Vertical: Manufacturing Industry, 2021-2031, $ mn 84
Figure 55. Asia Pacific Quantum Computing Market by Industry Vertical: Cybersecurity, 2021-2031, $ mn 85
Figure 56. Asia Pacific Quantum Computing Market by Industry Vertical: Media and Entertainment, 2021-2031, $ mn 86
Figure 57. Asia Pacific Quantum Computing Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 87
Figure 58. Breakdown of APAC Quantum Computing Market by Country, 2021 and 2031, % of Revenue 89
Figure 59. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 90
Figure 60. Quantum Computing Market in Japan, 2021-2031, $ mn 92
Figure 61. Quantum Computing Market in China, 2021-2031, $ mn 94
Figure 62. Quantum Computing Market in Australia, 2021-2031, $ mn 97
Figure 63. Quantum Computing Market in India, 2021-2031, $ mn 99
Figure 64. Quantum Computing Market in South Korea, 2021-2031, $ mn 101
Figure 65. Quantum Computing Market in Rest of APAC, 2021-2031, $ mn 103
Figure 66. Growth Stage of Asia Pacific Quantum Computing Industry over the Forecast Period 105

List of Tables:

Table 1. Snapshot of Asia Pacific Quantum Computing Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Main Product Trends and Market Opportunities in Asia Pacific Quantum Computing Market 33
Table 5. Asia Pacific Quantum Computing Market by Component, 2021-2031, $ mn 41
Table 6. Asia Pacific Quantum Computing Market: Hardware by Type, 2021-2031, $ mn 43
Table 7. Asia Pacific Quantum Computing Market: Software by Type, 2021-2031, $ mn 47
Table 8. Asia Pacific Quantum Computing Market: Services by Type, 2021-2031, $ mn 52
Table 9. Asia Pacific Quantum Computing Market: Professional Services by Type, 2021-2031, $ mn 53
Table 10. Asia Pacific Quantum Computing Market by Technology, 2021-2031, $ mn 55
Table 11. Asia Pacific Quantum Computing Market by Deployment, 2021-2031, $ mn 62
Table 12. Asia Pacific Quantum Computing Market by Application, 2021-2031, $ mn 66
Table 13. Asia Pacific Quantum Computing Market by Industry Vertical, 2021-2031, $ mn 74
Table 14. APAC Quantum Computing Market by Country, 2021-2031, $ mn 89
Table 15. Japan Quantum Computing Market by Component, 2021-2031, $ mn 93
Table 16. Japan Quantum Computing Market by Technology, 2021-2031, $ mn 93
Table 17. Japan Quantum Computing Market by Application, 2021-2031, $ mn 93
Table 18. China Quantum Computing Market by Component, 2021-2031, $ mn 95
Table 19. China Quantum Computing Market by Technology, 2021-2031, $ mn 95
Table 20. China Quantum Computing Market by Application, 2021-2031, $ mn 95
Table 21. Australia Quantum Computing Market by Component, 2021-2031, $ mn 98
Table 22. Australia Quantum Computing Market by Technology, 2021-2031, $ mn 98
Table 23. Australia Quantum Computing Market by Application, 2021-2031, $ mn 98
Table 24. India Quantum Computing Market by Component, 2021-2031, $ mn 100
Table 25. India Quantum Computing Market by Technology, 2021-2031, $ mn 100
Table 26. India Quantum Computing Market by Application, 2021-2031, $ mn 100
Table 27. South Korea Quantum Computing Market by Component, 2021-2031, $ mn 102
Table 28. South Korea Quantum Computing Market by Technology, 2021-2031, $ mn 102
Table 29. South Korea Quantum Computing Market by Application, 2021-2031, $ mn 102
Table 30. Quantum Computing Market in Rest of APAC by Country/Region, 2021-2031, $ mn 104
Table 31. 1QB Information Technologies Inc.: Company Snapshot 109
Table 32. 1QB Information Technologies Inc.: Business Segmentation 110
Table 33. 1QB Information Technologies Inc.: Product Portfolio 110
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