IQT RESEARCH ANNOUNCES NEW REPORT ON PHOTONIC QUANTUM COMPUTERS

SHIPMENTS TO EXPAND TO MORE THAN $6.8 BILLION BY 2035

July 9, 2025

New York, NY: IQT Research believes Photonic Quantum Computers (QCs) will quickly emerge as a viable quantum computing platform if they can demonstrate that they can (1) compute at room temperatures and (2) can be built at low cost using off-the-shelf optical networking components intended for the telecom industry.

IQT Research believes that by 2030, worldwide revenues from photonic quantum computers will have reached US$1.1 billions shipped but this number will grow to more than US$6.8 billions by 2035. Growth will reflect both supply and demand factors. On the supply side new firms will be entering the photonic computer market. On the demand side, we can plausibly assume that demand for QCs will increase dramatically, and this high growth will impact photonic QCs as much as any other area. We expect the market share for photonic quantum computers to be around 20–25 percent of all QCs at the end of the forecasting period.

ABOUT THE REPORT:

Our primary goal in this report is to analyze and quantify the commercial potential of quantum computers using photonics for their main fabric and to forecast their sales. There are perhaps 20 vendors of such machines being commercialized at the present time with PsiQuantum having attracted the largest funding to date and Xanadu attracting considerable attention…