“Security is a prime component for both ground segment and satellites at the moment,” pointing to the satellites in development that are leveraging quantum computing to protect communications networks. “In the current state of the market, players are aiming to prove technology via the traditional means of building an ecosystem with key players and user.
The rate of technological development seen in the domain of quantum communications is remarkable. The technology is in many cases still taking its first steps out of the comfort of academic circles, but this is quickly changing, both terrestrially and in space on a global scale. Indeed, things are moving quickly and NSR’s Quantum Communications.
Quantum communications, a niche application of quantum computing, involves using entangled light particles, photons, to securely transfer information. Today, Chinese citizens are the first in line to benefit from space-enabled quantum communication services. In response, Europe and North America have taken steps to ensure their citizens too may benefit from this advanced level of security..
There are new satellites now emerging from major sat-builders and operators and described as “quantum” craft. They are best-identified as being ultra-flexible in their operation, and embracing high levels of security. Northern Sky Research (NSR) in its latest report says that the potential to deliver “unlimited” security will itself help drive revenues to $2.6 billion.
New NSR Report Sees Global Security Concerns Driving Force in Satellite-Based Quantum Communications Opportunities Cambridge, MA – NSR’s Quantum Communications via Satellite (QCvS) Report, launched today, finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of $2.6 Billion by 2030 with Banking, Energy, and Gov/ Mil as the primary target markets.