Market Analysis
According to the “Quantum Computing Market & Technologies – 2018-2024” report, the global market will grow at a CAGR of 24.6% throughout 2018-2024. During 2017 Quantum Computing technologies performance has increased at an impressive rate; we forecast that 2018-2019 will experience a surge of breakthroughs.
We are in the midst of a “Quantum Computing Supremacy Race”, one that will result in ground-breaking computing power that surpasses the performance of digital supercomputers. The quantum computing technologies have the potential to change long-held dynamics in commerce, intelligence, military affairs and strategic balance of power. If you have been paying attention to the news on quantum computing and the evolution of industrial and national efforts towards realizing a scalable, fault-tolerant quantum computer that can tackle problems, unmanageable to current supercomputing capabilities, then you know that something big is stirring throughout the quantum world. In a way that was unheard of five years ago, quantum physicists are now partnering with corporate tech giants, to develop quantum computing capabilities and technologies as the foundation of a second information age. Advances in quantum computer design, fault-tolerant algorithms and new fabrication technologies are now transforming this “holy grail” technology into a realistic program poised to surpass traditional computation in some applications. With these new developments, the key question that companies are asking is not whether there will be a quantum computer, but who will build it and benefit from it.
According to the new market research report on the by Type Application of physics like (Optical communication & laser processing), Vertical (Commercial, Telecom, Research, Defense, Medical, Automotive, Electronics, & Industrial), & Geography - Global Forecast to 2022", this market is expected to be valued at USD 15.38 Billion by 2022, at a CAGR of 5.2% between 2017 and 2022. The major factors driving the growth of physics include increasing demand from the healthcare sector, environmental sector, financial sector and shift towards production of nano and micro devices, and enhanced performance over the traditional material processing techniques.
Atomic Physics systems has been increasing due to the developing necessities of the industries as wells as the substantial demand. Atomic Physics market is estimated to reach USD 5.60 Billion by 2020, rising at a CAGR of 7.0% through the calculation period of 2015 to 2024. North America probably has the largest share, in the upcoming years; the atomic physics market is expected to see the maximum growth rate in the Asia-Pacific region, with accent on India, China and Japan. Some of the key players in the global atomic physics market comprise Agilent Technologies (U.S.), PerkinElmer (U.S.), Thermo Fisher Scientific (U.S.) and Bruker Corporation (U.S.).
Nuclear Physics is used to define, describe and forecast the market on the basis of process, end users and region. Nuclear Physics market is expected to reach USD 2.85 Billion by 2021 from USD 2.25 Billion in 2016, mounting at a CAGR of 4.8% through the calculation period of 2016 to 2021. We can analyze the size of the nuclear physics market with respect to four main regions i.e., North America, Europe, Asia-Pacific and the Rest of the World. It provides the complete details of the competitive landscape for the market leaders for the opportunities of stakeholders.
Applied Physics is intended for technical and practical use. Applied Physics is established in the basic certainties and essential ideas of the Physical sciences and it utilizes the scientific principles in practical devices and in other related areas such as Lasers, Optics, Semiconductor devices and Nanophotonics. Demand for Physics is always there in the market because of its applications.
In the past market analysis it was suggested that the worldwide market for Physics was expected to reach around £3.4 billion by 2018. As indicated by later gauges by market forecasters BCC research, the global market for Physics based industries was worth significantly more, about £4.3 billion more in 2017 and is expected to increase around£6.2 billion by 2018, proportionate to the annual growth of 7.7%.Extending applications in the Cardiac, Breast MRI and Neurologic areas are expected to drive the world market which was anticipated to increase from£770 million in 2015 to reach around £1.2 billion by 2019 which is equivalent to yearly development 9.3% a year.
