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Real-Time Industrial Classifications

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 £13.1bn currently, has received £2.1bn of investment and the sector is growing at 46.7% per year.

553
COMPANIES CONSIDERED
£13.1bn
TOTAL TURNOVER
115,084
TOTAL EMPLOYEES
£2.1bn
TOTAL INVESTMENT FUNDING
£326.2m
TOTAL INNOVATE UK GRANT FUNDING
46.7%
AVERAGE COMPANY GROWTH 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
  • RTIC0051 Quantum Economy 539 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.

    • Quantum Economy: Components and Materials

      Companies providing equipment, materials and raw resources to organisations dedicated to quantum research

      498 companies
    • Quantum Economy: Photonics

      Companies integrating photonics technology into quantum technologies

      140 companies
    • Quantum Economy: Quantum Computing

      Companies developing and manufacturing quantum computers

      129 companies

Quantum Economy industry growth

Based on a growth rate of 46.7%, we expect that this sector could be worth £14.6bn by 2024. Below you can see our forecast of the growth of the sector.

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