“Vietnam Quantum Photonics Market is
anticipated to grow at a steady CAGR during the forecast period of 2024-2028. Quantum
photonics is a rapidly growing field with the potential to revolutionize a wide
range of industries. Vietnam is one of the country’s leading the way in quantum
photonics research and development. The Vietnamese government has recognized
the potential of quantum photonics and has invested heavily in research and
development. The government has established several research institutes and
universities that are focused on developing quantum photonics technologies.
The growth of the quantum photonics
market in Vietnam will create new opportunities for businesses and individuals.
Businesses will be able to develop new products and services that use quantum
photonics technologies. Individuals will be able to benefit from the increased
security, efficiency, and convenience that quantum photonics technologies
offer.
When an unplanned power outage could
cause pain, death, or data loss, electrical equipment like computers, data centers,
telecommunications systems, and other devices need to be protected. This is
where quantum photonics comes in. Once charged and linked to the device, a
standard Quantum Photonics may offer a 15-to-20-minute power backup until it
completely runs out. In the event of uneven power current changes, it also
helps to prevent internal hardware damage.
The need for quantum photonics in the
residential and commercial sectors is growing, as is the number of data centers
throughout the world, the popularity of remote work or work from home (WFH),
the manufacturing sector, and WFH. Due to increased urbanization and
infrastructure development, data centers are becoming more common, which is
impacting the market's growth. The growing tourism and healthcare industries
are also increasing Vietnam's Quantum Photonics Market Revenue.
An increase in the demand for secure
communication
The growing demand for secure
communication in quantum photonics is being driven by the need for more
dependable and secure communication systems at a time of increased cyber
threats. Traditional communication systems based on classical cryptography are
vulnerable to hacking and eavesdropping, while quantum computing offers
workable solutions to these security problems. In quantum photonics, very
secure communication is provided through quantum cryptography, which is based
on the fundamental concepts of quantum mechanics. Quantum cryptography is very
resistant to hacking and eavesdropping because it harnesses the characteristics
of quantum states to encrypt and transfer information. In the realm of secure communication,
quantum photonics has emerged as a promising solution to address the growing
demand for highly secure communication systems in the face of increasing
hacking and eavesdropping risks. The use of quantum key distribution (QKD), in
which two parties can create a shared secret key using photons, is a famous
example. Then, sensitive data is encrypted and decrypted using this key. The
essential tenet of quantum key distribution (QKD) is that any attempt to
measure or intercept photons will inevitably cause their quantum states to be
perturbed, alerting the communication parties to the existence of an unauthorized
observer. The demand for strong protection against unauthorized access and data
breaches is more urgent as the volume and sensitivity of digital communication
keep growing. Thus, there is an increasing need for communication systems that
provide extraordinary degrees of security. By utilising the fundamental aspects
of quantum mechanics and the distinctive qualities of photons, quantum photonics
has a tremendous potential to meet this requirement. As digital communication
grows more commonplace and sensitive, there is an increasing need for highly
secure communication solutions. A compelling solution is provided by quantum
photonics, which uses the laws of quantum mechanics and the characteristics of
photons to establish secure communication channels. Quantum key distribution is
an example of quantum photonics. Quantum photonics has the potential to revolutionize
secure communication and answer the urgent need for strong protection against
hacking and eavesdropping in the future by guaranteeing the detection of unauthorized
access attempts and offering uncrackable encryption keys.
Investments in research and development
(R&D) activities
Investments in R&D activities
have a big impact on how the Vietnam quantum photonics market grows and
develops. Quantum photonics' commercial promise can only be realized through
expenditures in research and development (R&D), which also fosters
technological advancement. First, funding for R&D enables research into and
understanding of the fundamental concepts underlying quantum photonics. Because
quantum photonics combines the ideas of quantum mechanics and photonics,
substantial research is needed to identify novel phenomena, develop theoretical
underpinnings, and design novel experimental strategies. Vietnam can assist
research organizations, academic institutions, and scientific collaborations by
investing in R&D to expand the body of knowledge in quantum photonics.
Investments in quantum photonics R&D promote diversity and economic growth.
With the increase in global demand for quantum technology, nations with the
highest levels of R&D and technical innovation will have a competitive
advantage. By investing in R&D activities, Vietnam can establish itself as
a hub for quantum photonics research, development, and commercialization. This
can attract both domestic and foreign capital, encourage the growth of
high-tech industries, and aid the country in achieving its goals for economic
diversification.
In conclusion, R&D spending is
what largely drives the Vietnam quantum photonics industry. Such investments
help the creation of a skilled labor force, fund fundamental research, enable technological
advancements, facilitate commercialization, and encourage economic growth and
diversity. By investing in research and development (R&D) in quantum
photonics, Vietnam may establish itself as a significant player in the global
quantum technology scene, creating opportunities for innovation, economic
growth, and technological leadership in this emerging field.
Quantum Computing Potential
Quantum computing uses quantum
physics ideas to perform calculations that are not possible with traditional
computers. Due to their massive processing power, quantum computers can
simulate quantum systems, crack algorithms, and solve optimization problems.
This has important repercussions for industries like finance, logistics, drug
discovery, and cybersecurity. Quantum computing has the ability to boost
creativity, judgement, and research & development in Vietnam. Businesses
can utilize quantum algorithms to better financial modelling and risk
assessment, generate novel materials and treatments, and streamline supply
networks. The government can use quantum computing to find solutions to complex
societal issues including healthcare administration, energy efficiency, and
urban planning. The potential of quantum computing to alter businesses and
solve difficult issues is projected to have a substantial impact on the Vietnam
quantum photonics market. By implementing quantum computing, Vietnam can foster
innovation, attract capital, and pave the way for technological advancements
that will promote the country's economic diversification and technological
leadership on the global stage.
Recent Developments
In March 2021, To create a more
resilient network and handle the expanding household internet traffic and
quantum computing in Vietnam, which is being driven by entertainment,
internet services, and smart home services, FPT Telecom Joint Stock
Company (FPT Telecom), a telecommunications provider in Vietnam, has
implemented hardware and software from Ciena (NYSE: CIEN). Customers of FPT
Telecom may access and use digital content more easily thanks to an improved
network.
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Market Segments
Vietnam Quantum Photonics Market is divided on the basis of Offerings,
Application and vertical. Based on Offerings, the market is further bifurcated into
Systems, Services, Components. Based on Application, the market is divided into
Quantum computing, Quantum communications and Quantum sensing, based on vertical, the market
is segmented into BFSI, Agriculture & Environment, Government, Healthcare,
IT, Others. Based on Region, the market is divided into North Vietnam, Central
Vietnam, South Vietnam.
The Vietnam Quantum Photonics Market
stood at USD XX Million in 2022 and is expected to register a steady CAGR during
the forecast period.
Market Players
Major market players of Vietnam
Quantum Photonics Market are VNPT TECHNOLOGY, Viettel Telecom, FPT TELECOM
VIETNAM, Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L, Bkav
Corporation, Legrand SNC FZE, Saigon Hi-Tech Park (SHTP Incubation Center), Atos
SE, IBM Vietnam Co., Ltd and Hoa Lac Hi-Tech Park.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018 –
2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024
– 2028
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
Segments covered
|
Offering
Application
vertical
Region
|
Regional scope
|
North
Vietnam, Central Vietnam, South Vietnam
|
Key companies profiled
|
VNPT TECHNOLOGY, Viettel Telecom,
FPT TELECOM VIETNAM, CMC Corporation, Bkav Corporation, Saigon Hi-Tech Park
(SHTP Incubation Center), Hoa Lac Hi-Tech Park, IBM Vietnam Co., Ltd, Atos SE
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report
Scope:
In this
report, Vietnam Quantum Photonics Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Vietnam Quantum Photonics Market,
By Offering:
o Systems
o Services
o Components
- Vietnam Quantum Photonics Market,
By Application:
o Quantum computing
o Quantum communications
o Quantum sensing
- Vietnam Quantum Photonics Market, By
vertical:
o BFSI
o Agriculture & Environment
o Government
o Healthcare
o IT
o Others
- Vietnam Quantum Photonics Market,
By Region:
o North Vietnam
o Central Vietnam
o South Vietnam
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in Vietnam Quantum Photonics Market.
Available
Customizations:
Vietnam
Quantum Photonics with the
given market data, Tech Sci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Vietnam
Quantum Photonics Market is an
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