Quantum Materials Market
Market Size and Growth
Global Quantum Materials Market reached US$ 10.42 billion in 2024 and is expected to reach US$ 96.9 billion by 2032, growing with a CAGR of 32.15% during the forecast period 2025-2032.
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Key Development:
United States: Recent Quantum Materials Developments
✅ In November 2025, EuQlid emerged from stealth with $3 million in funding to launch its Qu‐MRI platform, leveraging quantum-diamond (NV‐center) sensing for non‐invasive 3D imaging of buried currents in semiconductors and batteries.
✅ In October 2025, EuQlid publicly demonstrated its Qu‐MRI device for high‐throughput quantum magnetometry, mapping sub‐surface electrical current flow deep within industrial‐grade materials without destroying them.
✅ In September 2025, IonQ announced a definitive agreement to acquire Vector Atomic, a company specializing in quantum sensors such as atomic clocks and gravimeters, expanding IonQ’s full-stack quantum portfolio into sensing.
✅ In February 2025, Microsoft unveiled its Majorana 1 quantum processor built on a new class of material called a topoconductor, realizing a topological core that could enable more robust, scalable qubits.
✅ In February 2025, Microsoft’s Majorana 1 chip uses indium-arsenide/aluminium hybrid topoconductor material to host Majorana zero modes, offering a potential path toward a million‐qubit quantum architecture.
Japan: Recent Quantum Materials Developments
✅ In July 2025, Japan launched its first fully domestically manufactured superconducting quantum computer at Osaka University’s QIQB, using only Japanese-developed materials and qubit control software.
✅ In July 2025, Japan’s Quantum Technology Innovation Council proposed a strategy to expand testbed environments and support domestic production of critical quantum‐material components, such as superconductors and cryo‐electronics.
✅ In May 2025, Quantum Brilliance, specializing in diamond‐based quantum devices, was selected for a Tokyo Metropolitan Government subsidy program to establish its first subsidiary in Japan, marking a strategic move into the Japanese quantum materials ecosystem.
✅ In February 2025, JST (Japan Science and Technology Agency) funded two joint quantum‐technology projects with Germany under its ASPIRE program, supporting advanced materials research in quantum systems.
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Key Players:
=> IBM Corporation, Intel Corporation, IonQ Inc., Silicon Quantum Computing, Huawei Technologies Co. Ltd, Alphabet Inc., Rigetti & Co, LLC, Microsoft Corporation, D-Wave Quantum Inc and Zapata Computing Inc.
Key Segments:
By Material
Topological insulators lead with 25% share, driven by their potential in quantum computing, spintronics, and next-generation electronic devices. Graphene and 2D materials account for 22%, supported by exceptional conductivity, flexibility, and wide adoption in research and optoelectronics. Weyl semimetals hold 15%, fueled by advanced quantum electronic applications. Quantum dots represent 12%, primarily used in medical imaging, displays, and photonics. High-temperature superconductors account for 10%, enabling energy-efficient quantum devices. Photonic quantum materials hold 8%, supported by optical and quantum communication applications. Other materials make up 8%, catering to specialized quantum and electronic research needs.
By Application
Quantum computing dominates with 30% share, driven by increasing investment in research, cloud-based quantum computing services, and industrial adoption. Quantum sensing & metrology account for 20%, supported by precision measurement and defense applications. Optoelectronics represents 18%, fueled by high-performance photonic devices and communication technologies. Medical & life sciences hold 15%, reflecting imaging, diagnostics, and advanced research applications. Other applications make up 17%, including energy, aerospace, and emerging quantum technologies.
By End-User
IT & telecommunications lead with 28% share, driven by cloud computing, data centers, and quantum networking research. Healthcare & life sciences account for 22%, supported by diagnostics, imaging, and pharmaceutical research. Aerospace & defense represent 18%, fueled by navigation, sensing, and secure communication applications. Automotive & transportation hold 12%, reflecting EVs, autonomous systems, and advanced computing integration. Electronics & semiconductors account for 10%, energy & power 5%, and other end-users 5%, including academic research and industrial innovation.
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By Region
North America – 38% Share
North America leads with 38%, driven by strong R&D infrastructure, investment in quantum technologies, and presence of key market players.
Europe – 26% Share
Europe holds 26%, supported by government-funded research, quantum computing initiatives, and industrial adoption in Germany, U.K., France, Italy, and Switzerland.
Asia-Pacific – 24% Share
Asia-Pacific accounts for 24%, fueled by growing investment in IT, electronics, and quantum research in China, Japan, India, and South Korea.
South America – 6% Share
South America holds 6%, supported by emerging research initiatives and technology collaborations in Brazil, Argentina, and neighboring countries.
Middle East & Africa – 6% Share
The Middle East & Africa represent 6%, driven by nascent quantum research programs, aerospace applications, and investment in advanced IT infrastructure.
FAQ
What is the current size of the Quantum Materials Market?
A: In 2024, the Quantum Materials Market was valued at US$ 10.42 billion, reflecting its strong industry presence.
Q2: How large is the Quantum Materials Market expected to be by 2032?
A: By 2032, industry forecasts suggest the Quantum Materials Market will grow to around US$ 96.9 billion, demonstrating significant expansion.
Q3: What is the growth rate of the Quantum Materials Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 32.15% during the forecast period from 2025 to 2032.
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