CICC: Quantum computing is at a crucial turning point from scientific breakthroughs to commercial applications.

The research report of CITIC Securities believes that quantum computing, as the forefront direction of a new round of technological revolution and industrial transformation, is accelerating from experimental verification to commercial applications. With global technology giants continually breaking through the scale and error correction accuracy of quantum bits, China has achieved multiple breakthroughs in prototypes such as "Zuchongzhi" and "Jiuzhang." ICV predicts that the global quantum computing market will grow from $5 billion in 2024 to over $800 billion in 2035, with a CAGR of over 55%. In particular, the hardware sector will benefit first, with core equipment such as measurement control systems and dilution refrigerators expected to enter mass production cycles soon. The research report concludes that quantum computing is at a critical turning point from scientific research breakthroughs to commercial implementation, and the hardware sector may be the first to achieve industrial breakthroughs.