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Superconducting qubits is expected to hold the largest share during the forecast period

Superconducting qubits have several advantages over other qubits, including low power consumption, high speed, and the ability to operate at low temperatures. Moreover, due to the high degree of control possible with this type of qubit, they can be used for various applications, such as quantum simulation, cryptography, and quantum computing. In recent years, many companies have made major advances in developing superconducting qubits.

For instance, in November 2022, IBM launched Osprey, its new 433-quantum bit (qubit) quantum processing unit (QPU) and the world’s largest superconducting quantum processor.