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Global Quantum Key Distribution (QKD) Device Market Growth (Status and Outlook) 2024-2030
Product Code:1239985
Published Date: Nov 19,2024
Pages: 96
Region: Global
Category: Service & Software
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The global Quantum Key Distribution (QKD) Device market size is projected to grow from US$ 1480 million in 2024 to US$ 9449 million in 2030; it is expected to grow at a CAGR of 36.2% from 2024 to 2030.
Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security. The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as “BB84”. Five years later, they built the first QKD prototype system which was said to be “secure against any eavesdropper who happened to be deaf” as it made audible noises while encoding crypto key onto single photons. From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.
Technological progress and innovation
With the deepening of research and technology accumulation, the technical maturity of QKD system will continue to improve, including the preparation, transmission, measurement of quantum states, key generation and management and other aspects of technology will be further optimized.
Researchers will continue to explore new QKD protocols and methods to meet the challenges that may be encountered in practical applications.
For example, research on new protocols such as measuring device-independent quantum key distribution (MDI-QKD) protocol and reference frame independent Quantum key distribution (RFI-QKD) protocol will help to improve the security and practicability of QKD systems.
Market growth and application expansion
With the increasing global demand for information security, the size of the QKD market will continue to expand.
It is expected that the QKD market will maintain rapid growth in the next few years, especially in the government, military, finance and other key areas of application will be more extensive.
The application scenarios of QKD will continue to expand, extending from the traditional communication field to a wider range of fields.
For example, in emerging areas such as cloud computing, the Internet of Things, and intelligent manufacturing, QKD will play an important role in providing secure and reliable communication guarantees for these areas.
Policy support and industrial development
Governments will increase their support for QKD and other quantum information technology fields, and promote the development of the QKD industry through policy guidance and capital investment.
For example, the Chinese government has listed quantum information technology as a key development area and set up major scientific and technological projects to promote the research and development and application of technologies such as QKD.
With the continuous development of the QKD industry, the related industry chain will gradually improve, including the research and development and production of key components such as quantum chips, quantum communication equipment, and quantum measurement equipment will be strengthened.
At the same time, the collaboration of all parties will also promote the rapid development and application of QKD technology.
Challenges and opportunities coexist
Although QKD technology has made remarkable progress, it still faces some technical challenges, such as the transmission distance of quantum states, key generation rate, etc.
These challenges require continuous breakthroughs and innovations by researchers to promote the further development of QKD technology.
With the continuous improvement of global informatization and the increasing demand for network security, the QKD market will usher in huge development opportunities.
At the same time, with the continuous maturity of technology and the reduction of costs, QKD will gradually become popular, providing safe and reliable communication protection for more fields.
LPI (LP Information)' newest research report, the “Quantum Key Distribution (QKD) Device Industry Forecast” looks at past sales and reviews total world Quantum Key Distribution (QKD) Device sales in 2023, providing a comprehensive analysis by region and market sector of projected Quantum Key Distribution (QKD) Device sales for 2024 through 2030. With Quantum Key Distribution (QKD) Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Quantum Key Distribution (QKD) Device industry.
This Insight Report provides a comprehensive analysis of the global Quantum Key Distribution (QKD) Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Quantum Key Distribution (QKD) Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Quantum Key Distribution (QKD) Device market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Quantum Key Distribution (QKD) Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Quantum Key Distribution (QKD) Device.
This report presents a comprehensive overview, market shares, and growth opportunities of Quantum Key Distribution (QKD) Device market by product type, application, key players and key regions and countries.
Segmentation by Type:
First-generation QKD
Second-generation QKD
Segmentation by Application:
Financial
Government
Military & Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
First-generation QKD
Second-generation QKD
Segmentation by Application:
Financial
Government
Military & Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ID Quantique
Quintessence Labs
MagiQ Technologies
Toshiba
QuantumCTek
Qasky
Qudoor
QTI srl
Cohaerentia
ThinkQuantum