For the Quantum Key Distribution (QKD) market, the target clients are the government, financial companies, corporations, medium-sized business and universities. At the moment, sales of QKD systems appear to be restricted to certain high-end financial systems and classified government communications. In the previous year, Financial segment dominated the market with the share of 37.61%, followed by Government segment and Military & Defense segment, which accounted for the market of 30.90% and 27.16% respectively. Further development requires diversifying into new applications.
In the forecast period, the global Quantum Key Distribution (QKD) market size is estimated to grow to $4868.13 million by 2023 from $1712.41 million in 2018, growing at an estimated CAGR of 23.24% between 2018 and 2023. Ambitious plans for QKD networks exist in US (Battelle), Japan (NICT) and China (QuantumCTek).
In 2017, the global Quantum Key Distribution (QKD) market size was 1300 million US$ and it is expected to reach 6170 million US$ by the end of 2025, with a CAGR of 21.6% during 2018-2025.
This report focuses on the global Quantum Key Distribution (QKD) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Quantum Key Distribution (QKD) development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
Military & Defense
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Quantum Key Distribution (QKD) status, future forecast, growth opportunity, key market and key players.
To present the Quantum Key Distribution (QKD) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Quantum Key Distribution (QKD) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.