UK Quantum Computing Market Size, Share, Trends, Forecast, Growth, Report 2026-2034

Market Overview

The UK quantum computing market reached USD 51.7 Million in 2025 and is projected to grow to USD 684.0 Million by 2034, with a CAGR of 33.25% during the forecast period of 2026-2034. The market's steady expansion is driven by substantial government and private investments, robust academia-industry collaborations, rapid commercialization of applications, and supportive regulatory frameworks.

Study Assumption Years

• Base Year: 2025

• Historical Year/Period: 2020-2025

• Forecast Year/Period: 2026-2034

UK Quantum Computing Market Key Takeaways

• Current Market Size: USD 51.7 Million in 2025

• CAGR: 33.25%

• Forecast Period: 2026-2034

• The UK government is set to invest over £500 Million (about USD 672 Million) in quantum computing over four years to boost national security and economic resilience.

• The UK quantum industry currently contributes £1.7 Billion in GVA to the economy.

• Increasing public and private sector investments are accelerating market growth.

• Supportive government policies protect intellectual property, encourage startups, and foster international partnerships.

• AI integration is a key accelerator, enhancing error correction, optimizing algorithms, and improving simulations in finance, drug discovery, and logistics.

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Market Growth Factors

The UK quantum computing market is propelled by significant investments from both public and private sectors, fueling strong expansion. The UK government quantum computing strategy highlights quantum technologies as strategically crucial for economic growth and national security. The National Quantum Technologies Programme exemplifies governmental commitment, complemented by rising private investments in startups and established tech firms. This financial support accelerates commercialization and transition from theory to market-ready solutions.

Government policies and regulatory frameworks create a favorable business environment for quantum computing. The UK government’s proactive approach includes supportive regulations, protection of intellectual property, encouragement of startups, and facilitation of international collaborations. In July 2024, plans to invest over £100 Million in five quantum hubs aim to advance practical applications such as medical imaging, secure communication, and positioning systems, reflecting a long-term commitment to scaling the UK quantum ecosystem.

Artificial intelligence significantly accelerates the quantum computing market by improving error correction, optimizing quantum algorithms, and enhancing simulation outcomes. This AI-quantum synergy is particularly impactful in sectors like finance, drug discovery, and logistics. Research institutions and industry collaborations are investing in hybrid quantum-classical systems with AI guiding qubit control and calibration. Quantum startups exploit AI to boost performance reliability and target specialized markets, ensuring the UK’s leadership in breakthrough applications like cryptography, material science, and healthcare modeling.

Market Segmentation

Offering Insights:

• System: The market includes quantum computing systems essential for developing and operating quantum computers.

• Services: Quantum computing services encompass consulting, R&D, and implementation support.

Deployment Insights:

• On-premises: Deployment of quantum computing infrastructure within corporate premises.

• Cloud: Adoption of cloud-based quantum computing platforms enabling remote access and scalability.

Application Insights:

• Optimization: Using quantum computing for solving complex optimization problems.

• Simulation: Leveraging quantum capabilities for simulating physical and chemical processes.

• Machine Learning: Integration of quantum computing with ML for advanced data analysis.

• Others: Other emerging applications beyond the primary categories.

End User Insights:

• Aerospace and Defense: Quantum computing applications for defense and aerospace sectors.

• BFSI: Banking, Financial Services, and Insurance sector utilization.

• Healthcare: Applications addressing healthcare research and solutions.

• Automotive: Quantum computing in automotive design and manufacturing.

• Energy and Power: Use in energy management and power systems.

• Chemical: Application in chemical research and industry.

• Government: Public sector adoption and applications.

• Others: Additional sectors utilizing quantum computing technologies.

Regional Insights

The UK quantum computing market covers major regions including London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others. Specific regional shares or CAGR data are not detailed in the source. London and South East are implied to be key hubs, especially given government investments in quantum hubs across major cities. These regions are poised to lead in advancing quantum technology applications.

Recent Developments & News

• In February 2024: the UK government invested £45 million in quantum technologies targeting sectors such as healthcare, energy, and transport. This includes £30 million for quantum computing prototypes and £15 million to support public sector adoption, featuring projects like quantum-enabled brain scanners and quantum sensors for safe train navigation.

• In April 2024: Rigetti and Oxford Instruments completed a £10 million Innovate UK project to build a UK-based 32-qubit quantum computer used in machine learning, materials simulation, and finance.

• In July 2024: Oxford Ionics introduced the 'Pivotal' quantum computing chip designed to control trapped ions, doubling the performance of previous technologies and enabling complex calculations rapidly.

Key Players

• Oxford Ionics

• Rigetti

• Oxford Instruments

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