Asia Pacific Quantum Key Distribution (QKD) Market 2021-2031 by Component (Hardware, Software, Services), Security Type (Application, Network), Industry Vertical, and Country

Asia Pacific quantum key distribution (QKD) market will grow by 33.2% annually with a total addressable market cap of $ 11,313.4 million over 2022-2031, driven by the rising need for data security, expanding R&D investment, updating reliable network infrastructure, and the increasing specialized projects sponsored by governments and the largest financial institutions to large data centers. 

Highlighted with 33 tables and 43 figures, this 106-page report “Asia Pacific Quantum Key Distribution (QKD) Market 2021-2031 by Component (Hardware, Software, Services), Security Type (Application, Network), Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific quantum key distribution (QKD) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

 

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure 

• Growth Drivers 

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific quantum key distribution (QKD) market in every aspect of the classification from perspectives of Component, Security Type, Industry Vertical, and Country. 

 

Based on Component, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. 

• Hardware

o QKD Infrastructure

 Fiber Optic Infrastructure

 Satellite and Aircraft to Ground Infrastructure

 Terrestrial Line of Site Infrastructure

 Quantum Infrastructure

o Related Equipment and Components

• Software

• Services

o Professional Services

 Deployment & Integration

 Support & Maintenance

 Training & Consulting

o Managed Services

 

Based on Security Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. 

• Application Security

• Network Security

 

By Industry Vertical, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. 

• Bank and Financial Industry

• General Business Communication

• Healthcare Applications

• Infrastructure & Datacenter Protection

• IT & Telecom

• Military & Defense

• Domestic Security and Intelligence Service

• Government & Civil Service

• Other Industry Verticals

 

Geographically, the following national/local markets are fully investigated:

• Japan

• China

• South Korea

• Australia

• India

• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) 

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Component, Security Type and Industry Vertical over the forecast years are also included.

 

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players: 

ABB

Anhui Qasky Quantum Technology Co., Ltd.

IBM Corporation

ID Quantique

KETS quantum Security

MagiQ Technologies, Inc.

Nippon Telegraph and Telephone (NTT)

Nucrypt LLC

Oki Electric

Qasky

QuantumCTek Co., Ltd.

QuantumXchange, Inc.

Qubitekk, Inc.

Quintessence Labs

Raytheon

SeQureNet

SK Telecom

Toshiba Corporation

Universal Quantum Devices

ZTE 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

 

 

1 Introduction 7

1.1 Industry Definition and Research Scope 7

1.1.1 Industry Definition 7

1.1.2 Research Scope 8

1.2 Research Methodology 11

1.2.1 Overview of Market Research Methodology 11

1.2.2 Market Assumption 12

1.2.3 Secondary Data 12

1.2.4 Primary Data 12

1.2.5 Data Filtration and Model Design 13

1.2.6 Market Size/Share Estimation 14

1.2.7 Research Limitations 15

1.3 Executive Summary 16

2 Market Overview and Dynamics 18

2.1 Market Size and Forecast 18

2.1.1 Impact of COVID-19 on World Economy 19

2.1.2 Impact of COVID-19 on the Market 21

2.2 Major Growth Drivers 23

2.3 Market Restraints and Challenges 28

2.4 Emerging Opportunities and Market Trends 31

2.5 Porter’s Fiver Forces Analysis 35

3 Segmentation of Asia Pacific Market by Component 39

3.1 Market Overview by Component 39

3.2 Hardware 41

3.2.1 QKD Infrastructure 42

3.2.2 Related Equipment and Components 44

3.3 Software 46

3.4 Services 47

3.4.1 Professional Services 48

3.4.2 Managed Services 49

4 Segmentation of Asia Pacific Market by Security Type 50

4.1 Market Overview by Security Type 50

4.2 Application Security 52

4.3 Network Security 53

5 Segmentation of Asia Pacific Market by Industry Vertical 54

5.1 Market Overview by Industry Vertical 54

5.2 Bank and Financial Industry 56

5.3 General Business Communication 57

5.4 Healthcare Applications 58

5.5 Infrastructure & Datacenter Protection 59

5.6 IT & Telecom 60

5.7 Military & Defense 61

5.8 Domestic Security and Intelligence Service 62

5.9 Government & Civil Service 63

5.10 Other Industry Verticals 64

6 Asia-Pacific Market 2021-2031 by Country 65

6.1 Overview of Asia-Pacific Market 65

6.2 Japan 68

6.3 China 71

6.4 Australia 73

6.5 India 75

6.6 South Korea 77

6.7 Rest of APAC Region 79

7 Competitive Landscape 81

7.1 Overview of Key Vendors 81

7.2 New Product Launch, Partnership, Investment, and M&A 84

7.3 Company Profiles 85

ABB 85

Anhui Qasky Quantum Technology Co., Ltd. 87

IBM Corporation 88

ID Quantique 89

KETS quantum Security 90

MagiQ Technologies, Inc. 91

Nippon Telegraph and Telephone (NTT) 92

Nucrypt LLC 93

Oki Electric 94

Qasky 95

QuantumCTek Co., Ltd. 96

QuantumXchange, Inc. 97

Qubitekk, Inc. 98

Quintessence Labs 99

Raytheon 100

SeQureNet 101

SK Telecom 102

Toshiba Corporation 103

Universal Quantum Devices 104

ZTE 105

RELATED REPORTS 106

 

List of Tables:

 

Table 1.  Snapshot of Asia Pacific Quantum Key Distribution Market in Balanced Perspective, 2021-2031 17

Table 2. World Economic Outlook, 2021-2031 20

Table 3. World Smartphone Connections, Average Network Connection Speed for Smartphones and Tablets, 2020-2030 26

Table 4. World Mobile Data Traffic by Deployment Mode, 2020-2030, EB/year 27

Table 5. World Mobile Data Traffic by Device, 2020-2030, EB/year 27

Table 6.  Main Product Trends and Market Opportunities in Asia Pacific Quantum Key Distribution Market 31

Table 7. Asia Pacific Quantum Key Distribution Market by Component, 2021-2031, $ mn 39

Table 8. Asia Pacific Quantum Key Distribution Market: Hardware by Type, 2021-2031, $ mn 41

Table 9. Asia Pacific Quantum Key Distribution Market: QKD Infrastructure by Type, 2021-2031, $ mn 43

Table 10. Asia Pacific Quantum Key Distribution Market: Services by Type, 2021-2031, $ mn 47

Table 11. Asia Pacific Quantum Key Distribution Market: Professional Services by Type, 2021-2031, $ mn 48

Table 12. Asia Pacific Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 50

Table 13. Asia Pacific Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 54

Table 14. APAC Quantum Key Distribution Market by Country, 2021-2031, $ mn 66

Table 15. Japan Quantum Key Distribution Market by Component, 2021-2031, $ mn 70

Table 16. Japan Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 70

Table 17. Japan Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 70

Table 18. China Quantum Key Distribution Market by Component, 2021-2031, $ mn 72

Table 19. China Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 72

Table 20. China Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 72

Table 21. Australia Quantum Key Distribution Market by Component, 2021-2031, $ mn 74

Table 22. Australia Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 74

Table 23. Australia Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 74

Table 24. India Quantum Key Distribution Market by Component, 2021-2031, $ mn 76

Table 25. India Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 76

Table 26. India Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 76

Table 27. South Korea Quantum Key Distribution Market by Component, 2021-2031, $ mn 78

Table 28. South Korea Quantum Key Distribution Market by Security Type, 2021-2031, $ mn 78

Table 29. South Korea Quantum Key Distribution Market by Industry Vertical, 2021-2031, $ mn 78

Table 30. Quantum Key Distribution Market in Rest of APAC by Country/Region, 2021-2031, $ mn 80

Table 31. ABB: Company Snapshot 85

Table 32. ABB: Business Segmentation 86

Table 33. ABB: Product Portfolio 86

 

 

 

 

 

List of Figures:

 

Figure 1. Research Method Flow Chart 11

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14

Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16

Figure 4. Asia Pacific Quantum Key Distribution Market, 2021-2031, $ mn 18

Figure 5. Impact of COVID-19 on Business 21

Figure 6. Primary Drivers and Impact Factors of Asia Pacific Quantum Key Distribution Market 23

Figure 7. World 5G Traffic, 2019-2030, EB/year 26

Figure 8. Primary Restraints and Impact Factors of Asia Pacific Quantum Key Distribution Market 28

Figure 9. Investment Opportunity Analysis 32

Figure 10. Porter’s Fiver Forces Analysis of Asia Pacific Quantum Key Distribution Market 35

Figure 11. Breakdown of Asia Pacific Quantum Key Distribution Market by Component, 2021-2031, % of Revenue 40

Figure 12. Asia Pacific Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 40

Figure 13. Asia Pacific Quantum Key Distribution Market by Component: Hardware, 2021-2031, $ mn 41

Figure 14. Asia Pacific Quantum Key Distribution Market by Hardware: QKD Infrastructure, 2021-2031, $ mn 42

Figure 15. Asia Pacific Quantum Key Distribution Market by Hardware: Related Equipment and Components, 2021-2031, $ mn 44

Figure 16. Asia Pacific Quantum Key Distribution Market by Component: Software, 2021-2031, $ mn 46

Figure 17. Asia Pacific Quantum Key Distribution Market by Component: Services, 2021-2031, $ mn 47

Figure 18. Asia Pacific Quantum Key Distribution Market by Services: Professional Services, 2021-2031, $ mn 48

Figure 19. Asia Pacific Quantum Key Distribution Market by Services: Managed Services, 2021-2031, $ mn 49

Figure 20. Breakdown of Asia Pacific Quantum Key Distribution Market by Security Type, 2021-2031, % of Sales Revenue 51

Figure 21. Asia Pacific Addressable Market Cap in 2022-2031 by Security Type, Value ($ mn) and Share (%) 51

Figure 22. Asia Pacific Quantum Key Distribution Market by Security Type: Application Security, 2021-2031, $ mn 52

Figure 23. Asia Pacific Quantum Key Distribution Market by Security Type: Network Security, 2021-2031, $ mn 53

Figure 24. Breakdown of Asia Pacific Quantum Key Distribution Market by Industry Vertical, 2021-2031, % of Sales Revenue 55

Figure 25. Asia Pacific Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 55

Figure 26. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Bank and Financial Industry, 2021-2031, $ mn 56

Figure 27. Asia Pacific Quantum Key Distribution Market by Industry Vertical: General Business Communication, 2021-2031, $ mn 57

Figure 28. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Healthcare Applications, 2021-2031, $ mn 58

Figure 29. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Infrastructure & Datacenter Protection, 2021-2031, $ mn 59

Figure 30. Asia Pacific Quantum Key Distribution Market by Industry Vertical: IT & Telecom, 2021-2031, $ mn 60

Figure 31. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Military & Defense, 2021-2031, $ mn 61

Figure 32. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Domestic Security and Intelligence Service, 2021-2031, $ mn 62

Figure 33. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Government & Civil Service, 2021-2031, $ mn 63

Figure 34. Asia Pacific Quantum Key Distribution Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 64

Figure 35. Breakdown of APAC Quantum Key Distribution Market by Country, 2021 and 2031, % of Revenue 66

Figure 36. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 67

Figure 37.  Quantum Key Distribution Market in Japan, 2021-2031, $ mn 69

Figure 38.  Quantum Key Distribution Market in China, 2021-2031, $ mn 71

Figure 39.  Quantum Key Distribution Market in Australia, 2021-2031, $ mn 73

Figure 40.  Quantum Key Distribution Market in India, 2021-2031, $ mn 75

Figure 41.  Quantum Key Distribution Market in South Korea, 2021-2031, $ mn 77

Figure 42.  Quantum Key Distribution Market in Rest of APAC, 2021-2031, $ mn 79

Figure 43. Growth Stage of Asia Pacific Quantum Key Distribution Industry over the Forecast Period 81