Satellite-Based Quantum Communications a Revenue Opportunity: NSR

A new Northern Sky Research report sees global security concerns driving force in satellite-based quantum communications opportunities. Satellite-based quantum communications is a $2.6 billion revenue opportunity by 2030, according to the report, with banking, energy, and government/ military expected to be the primary target markets for services adoption.

“Major space-faring countries are likely to enable commercial organizations fast-tracking technology such as QCvS to improve national security.”

Report Co-author Hussain Bokhari.

“Representing a potential all-encompassing solution for security applications, substantial quantum foundations are developing,” said Report Co-author Arthur Van Eeckhout. “Quantum communications via satellite is moving faster than predicted”.

The segment is surpassing expectations, with global investments of $20 billion in quantum related technologies. Leveraging optical/laser terminals advancement towards its own growth, increased Optical adoption positions QCvS for take-off. With government support, full commercialization of satellite-based quantum communications is expected by decade’s end.

“Major space-faring countries are likely to enable commercial organizations fast-tracking technology such as QCvS to improve national security,” said Report Co-author Hussain Bokhari. “Quantum communications strengthens country sovereignty, from both terrestrial and space domains.”

In the near term, the pandemic-triggered backlog in demo missions are beginning to clear with bigger players expected to enter the field soon after. As the conversation on data security and Quantum hacking diversifies to more industries, opportunity will increase. “The stakes are high, those who do not master this technology risk being left exposed," Van Eeckhout said. "Quantum Communications via Satellite will reward those first to the plate.”

NSR’s first-to-market Quantum Communications via Satellite Report offers business-critical insight into an industry primed for take-off. NSR’s latest report assesses state of play for the sector, detailing key players, applications, launches, and revenue drivers. As development leads to quantum secured satellite connectivity, QCvS offers an industry-first timeline, identifying the when and where of opportunity, enabling readers to navigate all aspects of this emerging sector staying ahead of the curve.

(Source: Northern Sky Research news release)