> **来源：[研报客](https://pc.yanbaoke.cn)** # McKinsey Quantum Technology Monitor Summary (April 2026) ## Core Content Overview This report provides a comprehensive analysis of the quantum technology (QT) market, focusing on quantum computing (QC), quantum communication (QComm), and quantum sensing (QS). It outlines the current state of commercialization, investment trends, and the technological maturity of the QT ecosystem, emphasizing the strategic importance of QT across various industries. --- ## Key Takeaways - **Revenue Growth**: QC companies achieved \$1B in revenue in 2025, projected to grow to \$3.2B–\$4.4B by 2028. - **Investment Acceleration**: QT investments surged by 6.3x from 2024 to 2025, with a total of over \$10B raised in 2025. - **Value at Stake**: The total value at stake by 2035 is estimated to range from \$1.3T to \$2.7T, driven by commercialization of QC. - **Industry Adoption**: Over 300 industry players are collaborating with leading QC companies, marking a shift from exploration to scaled value capture. - **Ecosystem Development**: QT is transitioning from academic promise to commercial relevance, with significant progress in fault-tolerant computation and integration into real-world applications. - **Regional Leadership**: Europe leads in quantum readiness among top-ranked industry players, while the US leads in QT company development. --- ## Main Sections and Insights ### 1. Commercialization and Industry Impact - **Expansion of Use Cases**: QT is being integrated into end-to-end workflows across multiple sectors, including pharmaceuticals, chemicals, and finance. - **Technological Maturity**: Improved technical maturity is enabling more commercially viable use cases, and the window of opportunity for QT is narrowing as adoption scales. - **Codevelopment Models**: Industry players are increasingly engaging in codevelopment with QT companies for R&D, leading to the scaling of use cases and eventual sales. - **Hybrid Computing**: Integration of hybrid quantum-classical computing in data centers is accelerating adoption and enabling practical applications. - **Quantum-Ready Infrastructure**: Companies are investing in internal quantum capabilities, such as full-time quantum roles and infrastructure, to gain a competitive edge. --- ### 2. Investment Landscape - **Investment Growth**: QT investments have increased significantly, with 300+ companies having dedicated quantum efforts. - **Focus on QC**: Investment is heavily concentrated in QC, with multiple large deals driving the market forward. - **Holistic Strategies**: Investors are adopting holistic strategies across the QT value chain (hardware, control, software) to hedge against technological uncertainty. - **Government Role**: Public investments, especially in academia, are accelerating the development of quantum-safe cryptography and national security applications. --- ### 3. Quantum Technology Market Development - **Market Size**: The QT market is expected to grow substantially, with QC alone projected to reach \$60B–\$100B in value. - **Commercial Readiness**: Start-ups and SMEs are shifting focus from technical progress to commercial validation, emphasizing business milestones and ecosystem partnerships. - **Technology Clusters**: Europe is leading in quantum readiness, with a strong presence of top companies and private initiatives. - **Fault Tolerance**: Fault tolerance is seen as an inflection point for QC, with private investments increasingly tied to credible paths to error correction and revenue generation. --- ### 4. Technological Maturity and Deep Dives - **QT Intellectual Property (IP)**: There is a growing concentration of IP and innovation clusters in the QT space. - **Value Chain Development**: The QT value chain is maturing, with increasing focus on software, control systems, and hardware. - **Cybersecurity Applications**: QComm is advancing through integration with existing telecom and satellite systems, enhancing security with quantum key distribution (QKD). - **Quantum Sensing (QS)**: QS is gaining traction, particularly through partnerships with government programs, moving from pilots to industrial scale. - **Quantum-as-a-Service (QaaS)**: The shift toward QaaS is enabling faster adoption and revenue generation, especially in sectors like finance and pharmaceuticals. --- ## Key Insights by Industry ### Pharmaceuticals - **Molecular Simulation**: QC enables faster and more accurate molecular simulations, reducing the time and cost to bring new drugs to market. - **Cost Reduction**: Potential cost savings of up to 20–50% by 2035 through optimized R&D and lab testing. - **Value Estimate**: QC could unlock up to \$400B in value, representing 12% of projected industry gross sales. ### Chemicals - **Molecule Design**: QC allows for a priori design and optimization of new molecules and materials, enhancing innovation. - **Cost Savings**: Potential savings of 20–50% in R&D and supply chain costs by 2035. - **Value Estimate**: QC could unlock \$450B to \$800B in value, representing 5–9% of projected gross sales. ### Finance - **Optimization and Risk Modeling**: QC is driving optimization in financial transactions and risk modeling, with applications in collateral management and derivative pricing. - **Security Enhancements**: Quantum-safe cryptography is becoming critical as Q-Day approaches, with companies like HSBC and IBM demonstrating quantum-enabled trading algorithms. - **Value Estimate**: The financial sector is expected to see significant value from QC, with potential cost savings and new business opportunities. --- ## Methodology and Acknowledgments - The report includes data from expert interviews, industry reports, and public investments. - Companies mentioned are provided as examples and not necessarily representative of their full capabilities. - The analysis is based on current trends and projections, with a focus on the commercialization trajectory of QT.