Market Overview:
The global quantum computing in chemistry market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for quantum computers in various applications such as chemical plants, research institutes, and others. In addition, the growing adoption of quantum computing in various industries is also fueling the growth of this market. However, lack of awareness about quantum computing among end users may restrain the growth of this market during the forecast period. On basis on type, quantum hardware segment is expected to hold major share in global quantum computing in chemistry market during forecast period. This can be attributed to increasing demand for advanced computational power and capabilities offered by these systems for various applications across different industry verticals.
Product Definition:
Quantum computing is a method of performing calculations using quantum bits, or qubits. In classical computing, each bit is either a 0 or a 1. However, in quantum computing, each qubit can represent both a 0 and a 1 simultaneously. This allows for many calculations to be done at the same time, which is why quantum computers are so powerful.
Quantum Hardware:
Quantum hardware is a term used for the equipment or machines that are based on or use quantum mechanics in some way. The most common example of this would be a quantum computer, which uses the laws of quantum mechanics to perform calculations much faster than traditional computers. Other types of Quantum Hardware include qubit (quantum bit), qutrit, and qubit gate.
The major factor driving growth in this market includes increasing investment by companies such as Google Inc.
Quantum Software:
Quantum software is a tool that helps in the simulation of complex systems at molecular levels. It uses advanced algorithms to accurately model chemical and biochemical processes. The software also provides information on how certain compounds or molecules react with each other and with the environment around them.
The increasing demand for accurate and reliable data in drug designing, material science, life sciences, environmental studies among others are expected to drive market growth over the forecast period.
Application Insights:
Quantum computing in chemistry has applications in various fields such as chemical plant, research institutes, and others. The chemical plant segment dominated the market with a share of over 40% in 2017. This is attributed to the increasing demand for efficient and rapidchemical processes that yield high output with low costs and environmental pollution. Quantum-enhanced plants can provide solutions to these problems by providing higher efficiency, enhanced safety & reliability along with lower energy consumption & emissions across several processes including material design, catalytic activity optimization (NOx reduction), process control (monitoring&control), heat treatment (quenching) etc.
The research institutes application segment is expected to witness significant growth during the forecast period owing to increased government funding for quantum information studies at academic institutions worldwide coupled with growing investments from companies operating in diverse sectors such as IT/ITeS, FMCG's etc.
Regional Analysis:
The Asia Pacific region is anticipated to hold the largest market share over the forecast period owing to increasing investments in research and development activities. The regional market is expected to witness significant growth due to rising usage of cloud-based services for data storage and processing. China, Japan, Singapore, Australia are some of the countries that have adopted various quantum computing technologies at a very early stage. This has led them being leaders in this industry. For instance, D-Wave Systems Inc., an American company based in Burnaby Canada; was one of the first companies who started offering commercial solutions based on quantum computing technology (others include IBM Corporation; Google LLC; Rigetti Computing Ltd.; Shor Information Technologies Pvt Ltd.).
Growth Factors:
- Increased demand for faster and more efficient computing systems to enable advances in chemistry and drug discovery.
- The need for more powerful computers to handle the ever-growing complexity of chemical simulations.
- Growing interest in quantum computing from large pharmaceutical companies and other research organizations with a vested interest in advancing their work in chemistry and drug discovery.
- Advances being made in quantum computing hardware that are making these systems more accessible and easier to use, which is likely to spur wider adoption among researchers working on problems in chemistry and drug discovery.
- Increasingly sophisticated software tools being developed specifically for quantum computing that can take advantage of the unique capabilities of these systems, helping researchers solve complex problems related to chemistry and drug discovery faster than ever before
Scope Of The Report
Report Attributes
Report Details
Report Title
Quantum Computing in Chemistry Market Research Report
By Type
Quantum Hardware, Quantum Software
By Application
Chemical Plant, Research Institute, Other
By Companies
IBM, Google, D-Wave Solutions, Microsoft, Rigetti Computing, Intel, Anyon Systems Inc., Cambridge Quantum Computing Limited, Origin Quantum Computing Technology, Quantum Circuits, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Quantum Computing in Chemistry Market Report Segments:
The global Quantum Computing in Chemistry market is segmented on the basis of:
Types
Quantum Hardware, Quantum Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Plant, Research Institute, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Google
- D-Wave Solutions
- Microsoft
- Rigetti Computing
- Intel
- Anyon Systems Inc.
- Cambridge Quantum Computing Limited
- Origin Quantum Computing Technology
- Quantum Circuits, Inc.
Highlights of The Quantum Computing in Chemistry Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Quantum Hardware
- Quantum Software
- By Application:
- Chemical Plant
- Research Institute
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Quantum Computing in Chemistry Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Quantum computing is a type of computing that uses quantum bits, or qubits. These qubits can be in multiple states simultaneously, which allows for many calculations to be done at once. This technology has the potential to speed up chemical processes and solve complex problems more quickly than traditional computers.
Some of the major players in the quantum computing in chemistry market are IBM, Google, D-Wave Solutions, Microsoft, Rigetti Computing, Intel, Anyon Systems Inc., Cambridge Quantum Computing Limited, Origin Quantum Computing Technology, Quantum Circuits, Inc..
The quantum computing in chemistry market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Quantum Computing in Chemistry Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Quantum Computing in Chemistry Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Quantum Computing in Chemistry Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Quantum Computing in Chemistry Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Quantum Computing in Chemistry Market Size & Forecast, 2018-2028
4.5.1 Quantum Computing in Chemistry Market Size and Y-o-Y Growth
4.5.2 Quantum Computing in Chemistry Market Absolute $ Opportunity
Chapter 5 Global Quantum Computing in Chemistry Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Quantum Computing in Chemistry Market Size Forecast by Type
5.2.1 Quantum Hardware
5.2.2 Quantum Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Quantum Computing in Chemistry Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Quantum Computing in Chemistry Market Size Forecast by Applications
6.2.1 Chemical Plant
6.2.2 Research Institute
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Quantum Computing in Chemistry Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Quantum Computing in Chemistry Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Quantum Computing in Chemistry Analysis and Forecast
9.1 Introduction
9.2 North America Quantum Computing in Chemistry Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Quantum Computing in Chemistry Market Size Forecast by Type
9.6.1 Quantum Hardware
9.6.2 Quantum Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Quantum Computing in Chemistry Market Size Forecast by Applications
9.10.1 Chemical Plant
9.10.2 Research Institute
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Quantum Computing in Chemistry Analysis and Forecast
10.1 Introduction
10.2 Europe Quantum Computing in Chemistry Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Quantum Computing in Chemistry Market Size Forecast by Type
10.6.1 Quantum Hardware
10.6.2 Quantum Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Quantum Computing in Chemistry Market Size Forecast by Applications
10.10.1 Chemical Plant
10.10.2 Research Institute
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Quantum Computing in Chemistry Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Quantum Computing in Chemistry Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Quantum Computing in Chemistry Market Size Forecast by Type
11.6.1 Quantum Hardware
11.6.2 Quantum Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Quantum Computing in Chemistry Market Size Forecast by Applications
11.10.1 Chemical Plant
11.10.2 Research Institute
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Quantum Computing in Chemistry Analysis and Forecast
12.1 Introduction
12.2 Latin America Quantum Computing in Chemistry Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Quantum Computing in Chemistry Market Size Forecast by Type
12.6.1 Quantum Hardware
12.6.2 Quantum Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Quantum Computing in Chemistry Market Size Forecast by Applications
12.10.1 Chemical Plant
12.10.2 Research Institute
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Quantum Computing in Chemistry Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Quantum Computing in Chemistry Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Quantum Computing in Chemistry Market Size Forecast by Type
13.6.1 Quantum Hardware
13.6.2 Quantum Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Quantum Computing in Chemistry Market Size Forecast by Applications
13.10.1 Chemical Plant
13.10.2 Research Institute
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Quantum Computing in Chemistry Market: Competitive Dashboard
14.2 Global Quantum Computing in Chemistry Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Google
14.3.3 D-Wave Solutions
14.3.4 Microsoft
14.3.5 Rigetti Computing
14.3.6 Intel
14.3.7 Anyon Systems Inc.
14.3.8 Cambridge Quantum Computing Limited
14.3.9 Origin Quantum Computing Technology
14.3.10 Quantum Circuits, Inc.
