NSR’s Quantum Communications via Satellite (QCvS) Report, launched today, finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of $2.6 Billion by 2030 with Banking, Energy, and Gov/ Mil as the primary target markets for services adoption.
“Representing a potential all-encompassing solution for security applications, substantial quantum foundations are developing,” states Report Co-author Arthur Van Eeckhout. “Quantum communications via satellite is moving faster than predicted.”
The segment is surpassing expectations, with global investments of $20 billion in quantum related technologies. Leveraging optical/laser terminals advancement towards its own growth, increased Optical adoption positions QCvS for take-off. With government support, full commercialization is expected by decade’s end.
“Major space-faring countries are likely to enable commercial organisations fast-tracking technology such as QCvS to improve national security,” notes Report Co-author Hussain Bokhari. “Quantum communications strengthens country sovereignty, from both terrestrial and space domains.”
In the near term, the pandemic-triggered backlog in demo missions are beginning to clear with bigger players expected to enter the field soon after. As the conversation on data security and Quantum hacking diversifies to more industries, opportunity will increase. Van Eeckhout added, “The stakes are high, those who do not master this technology risk being left exposed. Quantum Communications via Satellite will reward those first to the plate.” Globe Newswire