Market Players' Focus on Scaling Quantum Architecture Boosts the Europe Quantum Technology Market Growth
According to our new research study on “Europe Quantum Technology Market Forecast to 2031 – by Technology, End Users, Application, and Geography,” the Europe quantum technology market size was valued at US$ 476.27 million in 2024 and is projected to reach US$ 1960.04 million by 2031; it is expected to register a CAGR of 23.0% during 2025–2031. The report highlights factors contributing to the Europe quantum technology market growth, as well as prominent players and their developments.
The scalability of quantum architecture is emerging as a key avenue for regional economic growth and for achieving a global lead in the technology sector. The European Union’s Quantum Europe Strategy specifies this trend by using coordinated research and development, building quantum-based physical infrastructures, and enhancing ecosystem synergies to create the Quantum Powerhouse of Europe by 2030.
Europe Quantum Technology Market
Europe Quantum Tech Market Size, Growth and Forecast by 2031
Download Free SampleEurope Quantum Technology Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Quantum Sensing, Quantum Communication, and Quantum Computing), End Users (BFSI, Aerospace and Defense, Healthcare, Manufacturing, IT and Telecom, Energy and Utilities, and Others), Application (Simulation, Optimization, Imaging, Secure Communication, AI and Machine Learning, and Sensing and Metrology), and Country (Germany, France, Italy, Spain, the United Kingdom, Switzerland, Belgium, the Netherlands, and the Rest of Europe)
In August 2024, EuroHPC JU announced the procurement of the Italian Quantum Computer (EuroQCS-Italy), which will be added to the EuroHPC pre-exascale infrastructure under development. By creating a modular, flexible, and scalable design, this procurement has also encouraged European users to have access to hybrid quantum-classical systems. In October 2025, the Basque Government and IBM revealed Europe’s first IBM Quantum System Two (a 156-qubit processor) in San Sebastián.
Europe Quantum Technology Market Trends
Hybrid quantum-classical approaches allow companies to combine quantum processors with existing classical infrastructure to gain early benefits from quantum technologies. In a hybrid quantum-classical model, classical computing handles high-volume, repetitive computations. Quantum machines perform complex calculations that would be nearly impossible or extremely time-consuming using only classical systems.
In December 2024, the Jülich Supercomputing Centre partnered with Pasqal, an international quantum computing company, to couple a 100-qubit quantum computer with its JURECA DC supercomputer. This pairing creates a hybrid high-performance computing (HPC) and quantum computing environment for European researchers to leverage both classical and quantum resources to solve difficult scientific problems more efficiently. Additionally, in 2024, EuroHPC JU signed procurement agreements for quantum computers at both Polish (via AQT) and German (via IQM) facilities, which will enable further development of hybrid computational infrastructures throughout multiple European countries.
The growth of Europe's quantum technology market is driven by government funding, industry adoption, and advancements in quantum hardware and software.
Quantum computers utilize quantum bits (Qubits), which allow complex computations to be performed exponentially faster than current classical computers. They are highly efficient at solving optimization, simulation, and data-intensive problems—tasks that classical computers struggle with. Quantum computers are used across diverse fields, including pharmaceuticals and drug discovery, material science, financial modelling, logistics optimization, energy production, and climate analysis. Major corporations, startup companies, and governments are investing heavily in hardware development, software platforms, and cloud-based quantum computing capabilities. Despite technical challenges like error correction and scalable architecture, early users are already experimenting with hybrid classical-quantum models. Advancements in quantum technology are expected to provide a competitive advantage to enterprise leaders.
The Europe quantum technology market analysis is performed by considering the following segments: technology, end user, and application. By technology, the market is divided into quantum sensing, quantum communication, and quantum computing. The quantum computing segment held the largest market share. By end user, the market is segmented into BFSI, aerospace and defense, healthcare, manufacturing, IT and telecom, energy and utilities, and others. The BFSI segment held the largest Europe quantum technology market share in 2024. By application, the market is divided into simulation, optimization, imaging, secure communication, AI and machine learning, and sensing and metrology. The simulation segment held the largest Europe quantum technology market share in 2024. Quantum simulation is one of the most commercially promising applications of quantum technology, enabling the modeling of complex systems that are infeasible for classical computers. Industries such as pharmaceuticals, chemicals, materials science, and energy are leveraging quantum simulation to accelerate research and development cycles. By accurately simulating molecular interactions, chemical reactions, and material properties at the quantum level, organizations can significantly reduce experimentation costs and time-to-market. Quantum simulation enhances drug discovery by identifying optimal molecular structures, improving success rates in clinical pipelines. In materials science, it supports the development of advanced batteries, superconductors, and lightweight composites. From a business perspective, this segment attracts strong investments from enterprises seeking competitive advantages through innovation efficiency. As quantum hardware matures and hybrid quantum-classical approaches become viable, simulation applications are expected to transition from experimental use cases to scalable commercial solutions. Strategic partnerships between technology providers, research institutions, and end-use industries are accelerating adoption.
Amazon.com Inc., Alphabet Inc., International Business Machines Corp, Microsoft Corp, D-Wave Quantum Inc., TOSHIBA CORPORATION, Intel Corp, Accenture Plc, Riverlane Ltd, and Multiverse Computing SL are among the leading companies profiled in the Europe quantum technology market report.
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