South Korea Topological Quantum Computing Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Application (Cryptography, Quantum Simulation, Quantum Communication, Quantum Sensing, and Others), and South Korea Topological Quantum Computing Market Insights, Industry Trend, Forecasts to 2035

South Korea Topological Quantum Computing Market

• The South Korea Topological Quantum Computing Market Size is Expected to Grow at a CAGR of around 18.6% from 2025 to 2035
• The South Korea Topological Quantum Computing Market Size is Eexpected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Topological Quantum Computing Market Size is Anticipated to Grow at a CAGR of 18.6% from 2025 to 2035. The market is driven by government R&D investments, strong academia–industry collaborations, and the country’s advanced semiconductor ecosystem enabling innovation in fault-tolerant qubit technologies.

Market Overview

The South Korea topological quantum computing market is the emerging economic sector relating to the development of topological qubits, which leverage exotic states of matter to provide fault-tolerant topological quantum computation. This market is starting to grow in South Korea due to the strong government commitment, the national quantum strategies, and the amount of investment in advanced research programs. Universities, research institutes, and major ICT firms are working together to advance prototype infrastructure, and the collaboration with global quantum hardware providers is improving access through Quantum-as-a-Service which is cloud-based access. Because South Korea has strong semiconductor and materials industries, they have a strong base for improving qubit development and cryogenic systems. This market is still at the early stage of commercialization but is likely to expand into defense, security communications, enterprise simulation, and materials research by 2035.

Report Coverage

This research report categorizes the market for the South Korea topological quantum computing market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea topological 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 sub-segment of the South Korea topological quantum computing market.

Driving Factors

The market is driven by growing national investment in quantum technology research, growing partnerships between academia and industry, and advancements materials science that support the development of error-resilient qubits. South Korea’s strong semiconductor and ICT ecosystem will provide a robust foundation for potential manufacturing and integration of topological quantum devices in the future.

Restraining Factors

The market is restrained by the early maturity of topological qubits, high fabrication and cryogenic infrastructure costs, and the lack of commercially available large-scale systems. Technical barriers in materials engineering, and the long timeline to practical usage, limit adoption in the near-term.

Market Segmentation

The South Korea topological quantum computing market share is classified into component and application.

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

The South Korea topological quantum computing market is segmented by component into hardware, software, and services. Among these, the hardware segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is a result of continued investment in prototype devices, superconducting circuits, and cryogenic systems. The software segment is also poised to grow quickly with demand for compilers, error correcting, and simulation tools, while the services segment will grow with the demand for cloud-based access and consulting support.

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

The South Korea topological quantum computing market is segmented by application into cryptography, quantum simulation, quantum communication, quantum sensing, and others. Among these, the cryptography segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to increasing demand for post-quantum secure solutions. Quantum simulation is likely to grow quickly in applications like materials research and pharmaceutical discovery. There will be growth in quantum communication alongside secure data transmission demand and growth in quantum sensing is expected in industries for defense and in precision measurement. The "others" category includes specialized and emerging applications across numerous industries.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea topological 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 current news and developments of the companies, which includes 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

• IBM Corporation
• Microsoft Corporation
• Google LLC
• Intel Corporation
• Rigetti Computing
• D-Wave Systems Inc.
• IonQ Inc.
• Amazon Web Services, Inc.
• 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 topological quantum computing market based on the below-mentioned segments:

South Korea Topological Quantum Computing Market, By Component

• Hardware
• Software
• Services

South Korea Topological Quantum Computing Market, By Application

• Cryptography
• Quantum Simulation
• Quantum Communication
• Quantum Sensing
• Others