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Global Aerospace and Defense Quantum Computing market [2017-2024] South America by Application
By Application, the market is segmented into Quantum Key Distribution (QKD), Quantum Cryptanalysis, and Quantum Sensing (2017-2024)
| Label | Quantum Key Distribution (QKD) | Quantum Cryptanalysis | Quantum Sensing |
|---|---|---|---|
| 2017 | 1845.7 USD Mn | 852.6 USD Mn | 275.9 USD Mn |
| 2018 | 2304.5 USD Mn | 1077.1 USD Mn | 339.5 USD Mn |
| 2019 | 2876.2 USD Mn | 1360.1 USD Mn | 417.2 USD Mn |
| 2020 | 3588 USD Mn | 1716.7 USD Mn | 512.1 USD Mn |
| 2021 | 4473.8 USD Mn | 2165.7 USD Mn | 627.9 USD Mn |
| 2022 | 5575.1 USD Mn | 2730.6 USD Mn | 768.9 USD Mn |
| 2023 | 6943.5 USD Mn | 3440.9 USD Mn | 940.3 USD Mn |
| 2024 | 8642.4 USD Mn | 4333.2 USD Mn | 1148.3 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
quantum key distribution qkd segment accounted for the largest market share in 2018, this market is expected to reach USD 8642.40 Million in 2024 from USD 2304.50 Million in 2018. This market is projected to grow at a CAGR of 24.61% during the forecast period from 2019 - 2024. However, quantum cryptanalysis segment is the fastest growing market, which is expected to grow at a CAGR of 26.08% during the forecast period 2019 - 2024.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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