Market Overview

The China quantum computing market witnessed a size of USD 258.64 Million in 2025 and is forecast to grow significantly to USD 3,564.24 Million by 2034, registering a CAGR of 33.84% during the forecast period of 2026-2034. This growth is fueled by robust government investments, rapid commercialization particularly in healthcare applications, and academic-industry synergies. The expanding cloud-based quantum services and increasing enterprise adoption are also pivotal drivers.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

China Quantum Computing Market Key Takeaways

• The market size reached USD 258.64 Million in 2025.
• The CAGR for the forecast period 2026-2034 is 33.84%.
• The market is projected to grow to USD 3,564.24 Million by 2034.
• Government investment includes a national venture capital fund of about USD 138 billion launched in 2025 targeting quantum technology and related hard tech.
• The National Laboratory for Quantum Information Sciences received direct government support of USD 10 Billion, the largest quantum investment globally.
• The number of quantum computing firms surged from 93 in 2023 to 153 in 2024, with the industry scale reaching USD 1.61 Billion in 2025 maintaining over 30% annual growth.
• Expansion of academic-industry integration with over 13 universities offering specialized quantum curricula and regional innovation clusters like Hefei's Quantum Avenue.

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Market Growth Factors

Government support has been unprecedented and a major driver of the China quantum computing industry. In March 2025, the Chinese government set up a national guidance fund numbering nearly 1 trillion yuan (USD 138 billion) to invest in hard technologies including quantum computing. The National Development and Reform Commission administers the long-term public-private partnership fund with a high risk appetite. The Chinese National Laboratory for Quantum Information Sciences is funded with 10 Billion US$, more than that of any quantum science laboratories in the US or the European Union (EU). Infrastructure is also being developed in the form of quantum labs and research campuses in Hefei and the Guangdong-Hong Kong-Macao Greater Bay Area (involving over 20 billion CNY) to push the research-to-application transition of quantum computers forward.

Market growth may also be driven by the rapid commercialization and implementation of the technology by the quantum computing industry. As of June 2025, one of the first such applications was implemented by Origin Quantum on its superconducting quantum processor Origin Wukong for quantum parallel processing to improve breast cancer screening. From 2023 to 2024, the number of quantum companies increased from 93 to 153 (40% increase). In 2025, the total market value of quantum technology is expected to be 11.56 billion yuan (USD 1.61 Billion). Compound annual growth rates for the sector are over 30% and the industry invests more in R&D than it generates in revenue, favoring technological development over short-term profits. There are three families of technology in the sector (superconducting, photonic and ion trap) which allows the industry to cover a broad range of use cases.

Collaboration between academia and industry may also help fill the labor shortage; as of 2025, at least 13 Chinese universities offer quantum programs, after the Chinese Ministry of Education ordered universities to develop quantitative information science classes. Collaboration with universities and industries is supported by national research infrastructure platforms, such as the Quantum Science Center and National Laboratory for Quantum Information Sciences. The innovation clusters, like Quantum Avenue in Hefei and the Shenzhen-Hong Kong Hetao Cooperation Zone, combine start-ups, universities, and capital for talent cultivation and commercialization. Companies such as SpinQ Technology are expanding the global market for educational quantum computing tools and trained quantum workforce.

Market Segmentation

By Offering:

• System: Detailed analysis provided on quantum computing systems applicable across technologies.
• Services: Encompasses quantum computing-related support and service offerings facilitating deployment and utilization.

By Deployment:

• On-premises: Quantum computing solutions installed and operated within organizational premises.
• Cloud: Quantum computing services delivered via cloud platforms enhancing accessibility and scalability.

By Application:

• Optimization: Applications utilizing quantum computers to solve complex optimization problems efficiently.
• Simulation: Quantum simulation use cases including modelling of chemical and physical systems.
• Machine Learning: Integration of quantum computing with machine learning for enhanced AI model optimization and training.
• Others: Additional application domains leveraging quantum computing technology.

By End User:

• Aerospace and Defense: Quantum solutions deployed in aerospace and defense sectors for advanced computing needs.
• BFSI: Banking, Financial Services, and Insurance sectors adopting quantum technology for computing advancements.
• Healthcare: Utilization of quantum computing in healthcare applications such as diagnostics and drug discovery.
• Automotive: Automotive industry applying quantum computing for optimization and innovation.
• Energy and Power: Quantum computing applications in energy generation, management, and power sectors.
• Chemical: Quantum technology used in chemical research and industrial processes.
• Government: Governmental entities employing quantum computing for varied strategic applications.
• Others: Additional end-user sectors utilizing quantum solutions.

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Regional Insights

The report identifies six major regional markets in China: North China, East China, South Central China, Southwest China, Northwest China, and Northeast China. The detailed regional market analysis indicates significant quantum computing activity concentrated in innovation clusters such as Hefei's Quantum Avenue and the Guangdong-Hong Kong-Macao Greater Bay Area. Hefei particularly stands out as a dominant region hosting over 20 startups, contributing substantially to market growth alongside strategic clusters near Shenzhen and Hong Kong.

Recent Developments & News

• July 2025: Shenzhen-based SpinQ Technology secured several hundred million RMB in a Series B funding round, backed by CCB Private Equity Investment Management Company and Liangxi Sci-Tech City Development Fund. The company aims for a 100-qubit quantum computer deployment by the end of 2025.
• February 2024: Quantum CTek and the Anhui Quantum Computing Engineering Research Center announced China's first locally produced dilution refrigerator, the EZ-Q Fridge, capable of 450 microwatts at 0.1 Kelvin.
• January 2024: Origin Quantum launched the cloud-accessible 72-qubit superconducting quantum computer "Origin Wukong," completing over 350,000 computational tasks with users from 139 countries.

Key Players

• Origin Quantum
• TuringQ
• QBoson
• Hyqubit
• Quantum CTek
• SpinQ Technology

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