Australia Quantum Computing Market Size, Share and Outlook: Forecast Trends and Growth Analysis Report (2026-2035)

Key Market Trends and Insights:

• Victoria dominated the Australia quantum computing market in 2024 and is projected to grow at a CAGR of 13.8% over the forecast period.
• By application, machine learning is expected to grow at a CAGR of 12.9% over the forecast period.
• By end-use, the healthcare and pharmaceuticals category is projected to witness a CAGR of 13.4% over the forecast period.

Market Size & Forecast:

• Market Size in 2025: AUD 1.14 million
• Projected Market Size in 2035: AUD 3.39 million
• CAGR from 2026 to 2035: 11.50%

Local‍‌‍‍‌‍‌‍‍‌ hardware companies continue to draw major investor confidence. This is well exemplified by Silicon Quantum Computing securing a AUD 50.4 million Series A round in July 2023 (Commonwealth Government, CBA, Telstra, UNSW). With such a large infusion, SQC is able to advance its silicon-based qubit prototypes and deepen industry pilot programs, strengthening the Australia quantum computing market development.

At the same time, the Australian quantum-software and control-system segment is going very fast with Q CTRL announcing a USD 113 million Series B funding round in October 2024, to be used for scaling of error-mitigation tools and quantum-control platforms. These are the signs of how the simultaneous investment at the different layers of hardware and software strengthens the whole quantum value chain.

While hardware companies are working on qubit architectures, software companies are finding ways to make the qubits more stable and of higher performance, thus, opening up more possibilities for the use of quantum computing in sectors such as finance, defence, scientific computing, and advanced modelling. These funding-driven advancements, which are now at the core of Australia's strategy, position the country as a serious contender on the global stage of the emerging quantum technology, further expanding the Australia quantum computing market scope.

Recent Developments

December​‍​‌‍​‍‌​‍​‌‍​‍‌ 2024

Quantum Brilliance was granted AUD 10 million by Breakthrough Victoria to set up the world's first lab-grown quantum diamond foundry in Melbourne. In effect, this action elevates the capacity of local manufacturing for quantum devices operating at room temperature; hence, the hardware ecosystem of the Australia quantum computing market is strengthened, and the project creates highly skilled jobs.

December 2024

The National Reconstruction Fund Corporation (NRFC) pumped in AUD 13 million to Quantum Brilliance to build the first quantum diamond foundry in Australia. Such financing facilitates the local production of quantum-grade diamonds, the main source of quantum computers for the real world, and makes the supply chain more resilient.

July 2024

Fujitsu Australia and ANU signed an MoU to incubate a joint quantum research centre with the future of setting up an onsite quantum computer. This union sparks the R&D process, gives researchers direct access to high-performance simulators, and facilitates the growth of local talent in advanced quantum systems.

April 2024

The Australian Government invested AUD 18.4 million in the University of Sydney to initiate the national innovation hub, "Quantum Australia." By design, the centre intends to integrate university, industry, and government sectors, thus, quantum startup growth gets accelerated, collaboration gets fostered, and a robust ecosystem is ​‍​‌‍​‍‌​‍​‌‍​‍‌built in the Australia quantum computing market.

Key Drivers and Trends

Workforce Development Through Education Partnerships

The quantum firms have been instrumental in enriching the talent pool in Australia by providing a zoom of training programs across various academics/faculties related to the industry. Last October, Q-CTRL and the Quad Investors Network (QUIN) facilitated the access to Black Opal, a quantum-learning platform for the TAFE institutions through the provision of subsidised access. This helps technicians and engineers forever to resume education in the quantum sector, and at the same time, industrial needs are met in the long-run ecosystem.

Commercial Prototype Hardware Development

Hardware innovators in the Australia quantum computing market are pushing commercial readiness by advancing compact, scalable devices. Quantum Brilliance was able to raise a Series A round of USD 20 million in January 2025 to fast-forward the development of its quantum accelerators using room-temperature diamond-based technology. The goal of this financing round is to help the firm increase its capabilities for diamond fabrication and achieve the industrial adoption of the next generation of quantum accelerators, giving rise to Australia's continued leadership of the hardware sector.

Export-Led Commercial Wins

Major quantum firms in the nation are winning global attention through a series of international contracts that demonstrate the practicality of their innovations in the Australia quantum computing market. In September 2024, Quantum Brilliance along with ParityQC, was awarded a German government contract worth EUR 35 million for the development of a mobile quantum computer by 2027. This milestone illustrates the reach of Australia's room-temperature quantum systems and gives evidence of the trust placed in local capabilities by the international defence and security sectors.

Strategic Private-Sector Partnerships

Quantum startups collaborating with big enterprises on the development of their commercia lpathways is gained pace through the partnership between them. Together with financial backing, lab work, and real-world scenarios for testing, Silicon Quantum Computing (SQC) keeps on cooperating with heavy hitters such as Commonwealth Bank, Telstra, and UNSW who all participate in the game plan. The network of collaborations between businesses greatly bolsters SQC's capacity to innovate in the field of silicon-based quantum chip architectures and provide relevant empirical solutions to telecom, finance and research ​‍​‌‍​‍‌​‍​‌‍​‍‌sectors, thereby fueling the Australia quantum computing market expansion.

Australia Quantum Computing Market Share

By offering, systems are gaining notable traction

Hardware innovation in Australia is going faster by deep collaborations of the globally leading technology companies with the locally prominent research institutes. As an example, in July 2024, Fujitsu Australia signed an MoU with the Australian National University (ANU) to jointly build a quantum research centre and possibly deploy a quantum computer on-site. A partnership like this allows Australian researchers to use the most advanced Fujitsu systems and simulators, while Fujitsu gets direct R&D feedback from ANU’s quantum team, thus leading to hardware innovation, skill transfer, and commercial deployment.

Quantum software companies and national compute centers are encouraging in the Australia quantum computing market by integrating classical supercomputing with quantum simulation tools. An evident case is, in February 2024, NVIDIA announced that the Pawsey Supercomputing Centre in Australia will deploy its CUDA Quantum platform, which is powered by Grace Hopper superchips. This will allow researchers to perform hybrid CPU GPU QPU workflows and locally optimize quantum algorithms. The project speeds up the access to systems, Enterprise experimentation is supported and local expertise in hybrid quantum applications is developed, thus Australia’s service-based quantum ecosystem gets ​‍​‌‍​‍‌​‍​‌‍​‍‌stronger.

By application, machine learning registers notable growth

Quantum​‍​‌‍​‍‌​‍​‌‍​‍‌ machine learning is touted to be the main driver Australia quantum computing market growth, essentially it is the only way to be able to analyze complex datasets and to recognize patterns that classical systems fail. In August 2025, Silicon Quantum Computing (SQC) was able to secure a defence contract through the ASCA Emerging and Disruptive Technologies program of Australia for the deployment of its “Watermelon QML” systems. The deployment is a powerful statement about the turn to the commercial side of quantum ML, while the local firms’ research and development activities that are still going on gradually upgrade algorithm efficiency and increase the number of enterprises that get access to quantum ML in government, finance, and scientific sectors.

With quantum simulation companies and research institutions can model complicated chemical, physical, and materials systems with much more accuracy and in less time than what could be done with classical computing. In February 2024, NVIDIA collaborating with the Pawsey Supercomputing Centre in Perth made it possible to deploy its CUDA Quantum platform powered by Grace Hopper superchips. The collaboration is a game changer for hybrid quantum-classical research pace, while Australian laboratories remain committed to the investigation of scalable quantum simulation solutions for pharmaceuticals, energy, and materials ​‍​‌‍​‍‌​‍​‌‍​‍‌development.

By end-use, energy & power sector contributes significantly to the market growth

Australia quantum computing market is progressively witnessing increasing uptake in the energy sector to optimise grids, storage solutions, and renewable integration. In March 2025, Quantum Brilliance collaborated with the Pawsey Supercomputing Centre to deploy hybrid classical-quantum workflows on NVIDIA-powered systems. This partnership opens the door to performing advanced energy simulations, streamlining forecasting, and facilitating the implementation of carbon reduction initiatives. At the same time, Australian utilities and research institutions are experimenting with quantum algorithms for battery dispatch, grid optimization, and network resilience, thus facilitating the transition to smarter, more efficient energy infrastructure at a rapid pace.

On the other hand, Quantum computing is revolutionizing Australia's BFSI sector by facilitating risk modeling at an advanced level, portfolio optimization, and secure financial applications. In September 2023, Q-CTRL and Diraq joined forces to deliver three multimillion-dollar public sector projects, one of which aimed at creating a cloud-accessible silicon quantum processor for financial services use cases. This partnership is instrumental in financial institutions experimenting with the implementation of resilient error suppression software on silicon hardware, thus increasing trust in quantum-enhanced analytics and long-term commercial ​‍​‌‍​‍‌​‍​‌‍​‍‌viability.

Australia Quantum Computing Market Regional Analysis

By region, Queensland leads the market growth

Queensland​‍​‌‍​‍‌​‍​‌‍​‍‌ is becoming the main quantum hub of Australia, which resulted from a strong government commitment and infrastructure investments. In October 2024, the Queensland Government contributed AUD 53 million to the University of Queensland’s Centre for Microscopy & Microanalysis for scaling up silicon photonics fabrication and quantum device manufacturing. The funding is a significant part of the development of new generation quantum processors, deepening research capacity locally, and solidifying Queensland’s leadership role in quantum hardware innovation at the national level.

Western Australia quantum computing market is the major player in quantum ecosystem of the nation by making use of its High-Performance Computing infrastructure and Collaborative Innovation. The Pawsey Supercomputing Research Centre obtained a AUD 5 million grant in October 2023 from Australia’s NCRIS program for expanding its quantum HPC integration and piloting new quantum workflows. Also, Pawsey is collaborating intensively with Quantum Brilliance on a room temperature diamond quantum accelerator, which allows WA to be the host of the hardware deployment that is leading the way and at the same time, be the national testbed for hybrid quantum-classical ​‍​‌‍​‍‌​‍​‌‍​‍‌systems.

Competitive Landscape

In​‍​‌‍​‍‌​‍​‌‍​‍‌ efforts to broaden their quantum computing abilities, major Australia quantum computing market players such as Microsoft, IBM, Intel, and Google are largely engaged in investments that span hardware, software, and cloud-based platforms. Initiatives feature the debut of quantum-as-a-service products, cooperation with research institutions, and the engineering of scalable, fault-tolerant systems. The overall objectives of these moves are to fasten the adoption of quantum computing in the enterprise sector, improve AI integration, and create a buzz of innovation in the industries of BFSI, healthcare, and energy, among others.

Moreover, to reinforce their quantum ecosystem, quantum computing companies in Australia are turning to partnerships, joint ventures, and acquisitions. For example, D-Wave Systems is on a path of continuous improvement of its annealing-based quantum processors while at the same time collaborating with academic and government institutions. In this way, companies not only upgrade their offerings but also broaden their international foothold and invigorate research and innovation, thus becoming the main players in the Australia quantum computing market transformation that is poised to permeate different sectors.

Microsoft Corporation

Founded in 1975 and located in Redmond, Washington, USA, Microsoft Corporation is recognized worldwide as a leader in software, cloud computing, and AI solutions. Its broad range of products is inclusive of Windows OS, Office Suite, Azure cloud services, and enterprise software that cater to businesses, governments, and individual consumers of different demographics.

IBM Corporation

IBM Corporation, known as International Business Machines Corporation, was established in 1911 and is headquartered in Armonk, New York, USA. It is a multinational technology and consulting company providing hardware, software, and hybrid cloud solutions to include quantum computing platforms and AI-driven enterprise applications to various industries globally.

Intel Corporation

Intel Corporation, a pioneer in semiconductor manufacturing and computing innovation, was established in 1968 and is located in Santa Clara, California, USA. The product portfolio of Intel extends to microprocessors, chipsets, memory solutions, and data-center technologies for the consumers, enterprises, and research institutions worldwide.

Google Inc.

Google Inc. was established in 1998 and is situated in Mountain View, California, USA. The company is a leading technology company that focuses on internet services, and AI. Its portfolio is made up of Google Search, Cloud Platform, AI tools, and consumer applications that are used by billions of people ​‍​‌‍​‍‌​‍​‌‍​‍‌worldwide.

Other players in the market include D-Wave Systems Inc., and other companies.

Key Highlights of the Australia Quantum Computing Market Report

• Historical Performance and Forecasts: Comprehensive analysis of market trends, historical performance, and accurate projections through 2035, enabling stakeholders to understand past growth patterns and future opportunities.
• Product Innovations: Detailed insights into hardware and software developments, including quantum processors, hybrid platforms, error-mitigation tools, and emerging commercial prototypes.
• Competitive Landscape: In-depth profiling of leading domestic and international quantum technology companies, their strategies, partnerships, product portfolios, and market positioning.
• Regional Analysis: Examination of state-wise adoption, infrastructure developments, and emerging hubs such as Queensland, NSW, Victoria, and Western Australia.
• Investment-Focused Outlook: Data-driven analysis highlighting funding trends, government initiatives, private investments, and strategic collaborations shaping the market’s growth trajectory.

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• Trusted Insights: Backed by extensive primary and secondary research with verified sources and real-world market validation.
• Actionable Data: Provides strategic recommendations and quantitative analysis to support informed decision-making.
• Segmented Analysis: Offers region-wise, product-specific, and application-specific insights to identify growth opportunities and competitive advantages.

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