South Korea Quantum Computing Market Size, Share, and COVID-19 Impact Analysis By Product Type (Hardware, Software, and Services), By Vertical (Optimization, Machine Learning, and Simulation), By End Use (Aerospace Defense, BFSI, Energy Power, Healthcare, Information Technology Telecommunication, and Transportation), and South Korea Quantum Computing Market Insights, Industry Trend, Forecasts to 2035

South Korea Quantum Computing Market Insights Forecasts to 2035

• The South Korea Quantum Computing Market Size Was Estimated at USD 35.83 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 11.40% from 2025 to 2035
• The South Korea Quantum Computing Market Size is Expected to Reach USD 117.43 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Quantum Computing Market Size is anticipated to reach USD 117.43 Million by 2035, growing at a CAGR of 11.40% from 2025 to 2035. Strong governmental and private sector investments support South Korea's economy and help to advance quantum technology. The South Korean government has created a national policy for quantum technology that centers on research and development initiatives. Both new and established businesses that focus on the use of quantum computing have grown.

Market Overview

The creation and use of quantum computing technologies are included in the market for quantum computing. It comprises software (such as algorithms and programming languages), hardware (such as qubits and quantum processors), and services associated with quantum computing (such as cloud-based platforms and consulting). Quantum computers may address complicated problems that are computationally intractable for classical computers, leading to speedier answers and increased efficiency. Faster processing rates and more precise results are possible with quantum computing, especially in fields like optimization and simulation. The new tools for analysis, optimization, and risk management, quantum computing has the potential to completely transform sectors like cybersecurity, healthcare, finance, and logistics. With forecasts showing large revenue increases and growing use across numerous industries, the quantum computing market offers tremendous growth potential. To safeguard private information against upcoming quantum attacks, governments are also concentrating on creating cryptography that is immune to quantum attacks.

Report Coverage

This research report categorizes the market for South Korea quantum computing market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea quantum computing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea quantum computing market sub-segment.

Driving Factors

The government's strategic alignment of quantum research with its dominance in semiconductors, which promotes cross-sector innovation, is a distinctive driving factor in South Korea's quantum computing business.  Real-world applications are also accelerated by the close cooperation between chaebols, or big companies, and prestigious colleges.  In contrast to other markets, South Korea has a clear advantage in developing quantum technologies beyond theoretical research because of its focus on quantum-encrypted communication for smart city infrastructure and national security.

Restraining Factors

The cost of developing and maintaining quantum computers, which necessitates specialized hardware (such as cryogenic cooling systems) and software, may prevent their widespread use. Current encryption techniques could be broken by quantum computers, which would raise questions about the security of critical data in industries like healthcare and banking. The performance and dependability of quantum computers are currently impacted by problems with high error rates, short qubit coherence durations, and stability.

Market Segmentation

The South Korea quantum computing market share is classified into product type, vertical, and end-use.

• The hardware segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea quantum computing market is segmented by product type into hardware, software, and services. Among these, the hardware segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It encompasses the fundamental technology required for quantum processing, such as qubits and quantum computers, the hardware sector is essential. Significant growth is being driven by developments in quantum chips and related hardware components, which are becoming more and more important for a variety of industries, including finance and medicine.

• The optimization segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea quantum computing market is segmented by vertical into optimization, machine Learning, and Simulation. Among these, the optimization segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Quantum computing optimization makes it possible to solve complicated issues more effectively, which has a big impact on sectors like banking, telecommunications, and logistics where scheduling and resource allocation are crucial. Because of the potential for computational speedup in these areas, optimization is a key focus for businesses looking to boost productivity and spur innovation.

• The aerospace defense segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea quantum computing market is segmented by end use into aerospace defense, BFSI, energy power, healthcare, information technology telecommunication, and transportation. Among these, the aerospace defense segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. The need for improved data processing capabilities and secure connections is making aerospace defense a crucial industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea quantum computing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung Electronics
• LG Electronics
• POSCO Holdings
• Hyundai Motor Company
• SK Telecom
• Samsung SDS
• First Quantum
• QSIMPLUS
• Baobab Aibio
• Qnova
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea quantum computing market based on the below-mentioned segments:

South Korea Quantum Computing Market, By Product Type

• Hardware
• Software
• Services

South Korea Quantum Computing Market, By Vertical

• Optimization
• Machine Learning
• Simulation

South Korea Quantum Computing Market, By End Use

• Aerospace Defense
• BFSI
• Energy Power
• Healthcare
• Information Technology Telecommunication
• Transportation