Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security.
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% between 2018 and 2025.
This report studies the Quantum Key Distribution (QKD) market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the global top players, covered
Market segment by Regions/Countries, this report covers
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Market segment by Application, the market can be split into
Military & Defense
The study objectives of this report are:
To study and forecast the market size of Quantum Key Distribution (QKD) in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast among global major regions.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Quantum Key Distribution (QKD) market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.