The Quantum Technology Monitor
Our annual publication tracks the development of quantum technologies, players, and industry adoption.
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Economic value is defined as the additional revenue and saved costs that the application of quantum computing can unlock. These four industries are the most likely to realize this value earlier than other industries; therefore, they are examined in more depth.
3
The potential 2040 market size is a sum of the upper ranges across quantum computing, quantum communications, and quantum sensing.
1
Total includes 32 companies that do two or more quantum technologies simultaneously.
2
1,589
QT-related patents granted in 2022
44,155
QT-related publications in 2022
Scientific progress
50
QT master’s degree programs
180
universities with QT research groups
Quantum-capable talent
Potential economic value from quantum computing
$620B–$1,270B
across four industries by 2035: chemicals, life sciences, finance, and automotive³
$5.4B
invested
as of Dec 2022
223
start-ups
as of Dec 2022
estimated market size by 2040
$9B–$93B
Quantum computing
$34B
total government investment announced
$106B
potential quantum technology market size by 2040¹
350
start-ups in the ecosystem²
$0.4B
invested
as of Dec 2022
23
start-ups
as of Dec 2022
estimated market size by 2040
$1B–$6B
Quantum sensing
$1.0B
invested
as of Dec 2022
72
start-ups
as of Dec 2022
estimated market size by 2040
$1B–$7B
Quantum communications
The quantum technology ecosystem in 2023
A growing ecosystem of global players is emerging to develop and commercialize quantum technologies.
