UK Quantum Computing Industry
Find out more about the UK’s Quantum Computing industry and the companies providing innovative software, components and expertise in the field.
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What is the Quantum Economy?
Whilst modern quantum theory was developed in the 1920s, 100 years later the laws of quantum mechanics are being used in computing to help solve problems too complex for traditional computers.
Quantum Computing – such as superposition, interference, and entanglement – is an area of computer science that goes beyond the binary 1 and 0 computing we’re used to, harnessing subatomic particles to sort through a huge number of possibilities and provide solutions to incredibly complex problems.
Some of the applications of Quantum Computing are cyber security, logistics and weather forecasting.
The UK’s thriving Quantum Economy or sector includes a wide range of companies including those involved in software development, component manufacture, quantum computer development and photonics (the physical science of light waves).
Quantum Economy sector summary
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Here are the key facts about the Quantum Economy sector. The sector has a turnover of £13.3bn currently, has received £2.0bn of investment and the sector is growing at 46.7% per year.
Quantum Economy verticals
Our industry data goes deep. See the top verticals and specialisms making waves in the UK Quantum Economy industry today.
Our Quantum Economy RTIC is made up of 3 individual verticals. The top verticals in this sector include Components and Materials, and Photonics. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.
- Sector Code Description Records
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RTIC0051 Quantum Economy 537 companies
Companies involved in software, components, materials or expertise relating to quantum computing and relevant area of photonics. The scope of this RTIC is much broader than the Quantum Technology RTIC, as it includes participants from the photonics sector as well as firms that form part of the supply chain.
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Quantum Economy: Components and Materials461 companies
Companies providing equipment, materials and raw resources to organisations dedicated to quantum research
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Quantum Economy: Photonics132 companies
Companies integrating photonics technology into quantum technologies
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Quantum Economy: Quantum Computing117 companies
Companies developing and manufacturing quantum computers
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Quantum Economy industry growth
Based on a growth rate of 46.7%, we expect that this sector could be worth £14.9bn by 2024. Below you can see our forecast of the growth of the sector.
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