Covid-19 Impact on Quantum Computing Market:As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Market OverviewThe need for the robust computing that has potential to overcome difficulties involved in determining drugs to the target specific cancers and also, evaluating portfolio risk prominently pays to market growth. The demand for the optimization and the material simulation applications on the quantum computers is expected to upsurge rapidly in coming years. The demand to resolve complex problems with the simultaneous operations, and the simulate molecules and the materials to gain accurate output is serving these applications to find the opportunities in various end-user industries such as chemicals, automotive, healthcare, and energy and power. The wide R&D and the growth strategies adopted by companies and research labs operational in ecosystem are expected to foster growth of quantum computing market in coming years.
Segment OverviewAmong end-user industries considered, the space and defence is largest contributor to overall quantum computing market, it is anticipated to account for maximum share of market in 2019. The need for protected communications and the data transfer, with demand in faster data processes, is anticipated to boost demand for the quantum computing consulting solutions in the industry. The market for automotive industry is anticipated to grow at highest CAGR from 2019 to 2026.
Regional OverviewAmong the three major regions, quantum computing solution market in APAC is likely to grow at highest CAGR throughout the forecast period. APAC is leading hub for the several industries, such as banking, healthcare, automotive, and chemicals. The region is largest automobile producer in world. Countries such as Japan, China, and South Korea are among the leading manufacturers of the consumer electronics devices, comprising laptops, smartphones, and gaming consoles, in the region. There is need to solve numerous complications related to the application such as material simulation, optimization, and the machine learning across the industries. The large-scale expansion exhibited by emerging economies in the APAC with the use of various advanced technologies adopted in manufacturing sector is further contributing to development of the large and medium enterprises, this is also boosting the growth.
Key Players
- D-Wave Systems Inc.
- QX Branch
- International Business Machines Corporation
- Cambridge Quantum Computing Limited
- 1QB Information Technologies
- QC Ware, Corp.
- StationQ - Microsoft
- Rigetti Computing
- Google Inc.
- River Lane Research
Market SegmentationBy Application
- Optimization
- Material Simulation
- Machine Learning
By End Use
- Energy & Power
- Space and Defence
- Healthcare
- Banking and Finance
- Automotive
- Chemicals
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
