Market Highlights
The quantum computing in aerospace & defense market is estimated to register phenomenal growth during the forecast period. The demand for advanced computing and investments in the defense industry are expected to drive market growth. Moreover, the need to upgrade military digital infrastructure is estimated to propel market growth during the forecast period.
Quantum computing is currently in development with many countries investing in the technology to gain first-mover advantage. For instance, in April 2019, the Canadian government invested USD 30.4 million in quantum computing research. In April 2019, Zapata, a technology company, raised USD 21 million in funding from Prelude Ventures and Comcast Ventures to develop quantum computing software solutions for various hardware platforms. The company is expected to use the funding to develop quantum computing applications that would include a combination of machine learning and computational chemistry.
The global quantum computing in aerospace & defense market has been segmented on the basis of component, application, and region.
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Key Players
The key players in the global quantum computing in aerospace & defense market are D-Wave Systems Inc. (US), Station Q-Microsoft Corporation (US), Qxbranch LLC (US), Cambridge Quantum Computing Ltd (UK), 1qb Information Technologies Inc. (Canada), QC Ware Corp. (US), IBM Corporation (US), Magiq Technologies Inc. (US), and Rigetti Computing (US).