“Global Quantum Communication Market to reach a market value of USD 9.16 Billion by 2032 growing at a CAGR of 24.8%”
The Global Quantum Communication Market size is expected to reach $9.16 billion by 2032, rising at a market growth of 24.8% CAGR during the forecast period.
On the basis of transmission medium, the market is classified into fiber-based QKD and free-space/satellite-based QKD0. The free-space/satellite-based QKD segment is emerging as a transformative component within the transmission medium category of the quantum communication market. Unlike traditional fiber-based methods, this approach leverages quantum properties of light transmitted through atmospheric or space-based channels to establish secure communication links.
With the proliferation of cyber threats, data breaches, and advanced hacking techniques, traditional encryption methods like RSA and AES face increasing vulnerabilities. The rapid growth of quantum computing poses a significant risk to existing cryptographic standards, as quantum algorithms like Shor’s algorithm can potentially break conventional encryption. Thus, the rising demand for ultra-secure communication in the digital age drives the market's growth.
Additionally, Establishing global quantum networks is a major step toward achieving large-scale secure communication across continents. Countries like China, the U.S., and Europe have launched ambitious projects to create quantum internet infrastructure, leveraging fiber-optic and satellite-based communication systems. China’s Micius satellite, launched in 2016, demonstrated the feasibility of space-based quantum communication, achieving secure key distribution over thousands of kilometers. Therefore, this hybrid approach is expected to drive the gradual adoption of quantum-secured networks worldwide.
However, One of the biggest barriers to quantum communication adoption is the significant cost of developing and deploying quantum networks. Unlike traditional cryptographic systems that operate on classical computing hardware, quantum communication requires specialized infrastructure, including single-photon sources, quantum repeaters, and superconducting detectors. Thus, these technical and financial barriers are slowing down the widespread deployment of quantum-secured communication systems.
On the basis of transmission medium, the market is classified into fiber-based QKD and free-space/satellite-based QKD0. The free-space/satellite-based QKD segment recorded 37% revenue share in the market in 2024. This segment is gaining traction due to its ability to enable long-distance quantum-secure communication, including intercontinental data transfer and global-scale cryptographic security. The increasing number of government and private sector initiatives to develop quantum satellite networks, such as China’s Micius satellite and various European and North American projects, has contributed to the segment’s growth.
Based on offering, the market is characterized into solution and services. The services segment procured 26% revenue share in the market in 2024. As quantum communication technology evolves, organizations require specialized consulting, integration, deployment, and maintenance services to implement secure quantum communication frameworks. Service providers are crucial in assisting businesses with quantum readiness, network optimization, and ongoing support for quantum-secure infrastructure.
By enterprise size, the market is divided into large enterprises and small & medium enterprises (SMEs). The small & medium enterprises (SMEs) segment garnered 28% revenue share in the market in 2024. The increasing awareness of quantum cybersecurity threats and the rising affordability of quantum communication solutions have encouraged SMEs to adopt these technologies. As cyber threats become more sophisticated, SMEs seek cost-effective, scalable quantum encryption solutions to protect their data.
Based on vertical, the market in 2024 is segmented into BFSI, government & defense, healthcare, aerospace, IT & telecom, energy & utilities, and others. Governments worldwide heavily invest in quantum-secure networks to protect classified information, national security data, and military communications from cyber espionage. The rising geopolitical tensions and growing risks of cyber warfare have prompted defense agencies to deploy quantum cryptographic solutions for secure communication channels.
Free Valuable Insights: Global Quantum Communication Market size to reach USD 35.18 Billion by 2032
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment witnessed 32% revenue share in the market in 2024. The region has been at the forefront of quantum technology development, with significant funding from the European Union’s Quantum Flagship program. Countries like Germany, the UK, and France invest heavily in quantum communication infrastructure to enhance data security across industries such as BFSI, government, and healthcare.
| Report Attribute | Details |
|---|---|
| Market size value in 2024 | USD 1.63 Billion |
| Market size forecast in 2032 | USD 9.16 Billion |
| Base Year | 2024 |
| Historical Period | 2021 to 2023 |
| Forecast Period | 2025 to 2032 |
| Revenue Growth Rate | CAGR of 24.8% from 2025 to 2032 |
| Number of Pages | 401 |
| Number of Tables | 650 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Transmission Medium, Offering, Enterprise Size, Vertical, Region |
| Country scope |
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| Companies Included | AT&T Inc., ID Quantique SA, Thales Group S.A., IDEMIA SAS, QuintessenceLabs Pty Ltd., QuantumCTek Co., Ltd., QNu Labs Pvt. Ltd., Quantum Xchange, Inc., MagiQ Technologies, Inc., and Aliro Technologies, Inc. |
By Transmission Medium
By Offering
By Enterprise Size
By Vertical
By Geography
This Market size is expected to reach $9.16 billion by 2032.
Rising Demand for Ultra-Secure Communication in the Digital Age are driving the Market in coming years, however, High Implementation Costs Associated With Quantum Communication Infrastructure Deployment restraints the growth of the Market.
AT&T Inc., ID Quantique SA, Thales Group S.A., IDEMIA SAS, QuintessenceLabs Pty Ltd., QuantumCTek Co., Ltd., QNu Labs Pvt. Ltd., Quantum Xchange, Inc., MagiQ Technologies, Inc., and Aliro Technologies, Inc.
The expected CAGR of this Market is 24.8% from 2023 to 2032.
The Large Enterprises segment led the maximum revenue in the Market by Enterprise Size in 2024, thereby, achieving a market value of $6.51 billion by 2032.
The North America region dominated the Global Quantum Communication Market by Region in 2024, thereby, achieving a market value of $3.09 billion by 2032.
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