Technology
Quantum Computing in Chemistry Market Size to Grow USD 108.5 Million by 2030 at a CAGR of 10.5% | Valuates Reports
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2 years agoon
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BANGALORE, India, June 11, 2024 /PRNewswire/ — Quantum Computing in Chemistry Market is Segmented by Type (Quantum Hardware, Quantum Software), by Application (Chemical Plant, Research Institute, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The global Quantum Computing in Chemistry market was valued at USD 54 Million in 2023 and is anticipated to reach USD 108.5 Million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Quantum Computing in Chemistry Market:
The growth of the quantum computing in chemistry market is driven by the technology’s potential to revolutionize molecular simulations and chemical analysis, offering unprecedented accuracy and speed. Quantum computers can handle complex calculations and simulations that are infeasible for classical computers, enabling detailed modeling of chemical reactions, material properties, and drug interactions at a quantum level. This capability accelerates the discovery of new materials, pharmaceuticals, and chemical processes, making quantum computing a valuable tool for research and development in the chemical industry. Additionally, increasing investments in quantum computing technology and collaborations between tech companies and chemical research institutions are propelling the market’s expansion.
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TRENDS INFLUENCING THE GROWTH OF QUANTUM COMPUTING IN CHEMISTRY MARKET:
Because it allows for sophisticated simulations and modeling that traditional computers are unable to perform effectively, quantum software at research institutions is a major factor in the growth of the quantum computing industry in chemistry. This program makes it possible for scientists to precisely model chemical reactions and molecular interactions at the quantum level, which is essential for the development of novel substances, materials, and chemical processes. The accuracy and speed of quantum calculations make it easier to address challenging chemical issues like protein folding, catalyst design, and reaction dynamics, which can result in previously unthinkable discoveries. Research institutes are utilizing quantum software to advance chemical research, draw funding, promote cooperation, and quicken the creation of useful quantum computer applications for the chemical sector.
One key element propelling the development of quantum computing in the chemical industry is the progress made in quantum hardware. Recent advances in quantum gate operations, coherence times, error correction, and qubit design have greatly improved the efficiency and dependability of quantum computers. More qubits may be included into quantum systems with improved hardware, boosting their computing capacity and enabling more intricate chemical simulations. Various innovations, including topological qubits, trapped ions, and superconducting qubits, provide different ways to construct scalable quantum computers. The advancement of hardware technology lowers the entrance barrier for high-fidelity quantum simulations, hence increasing the accessibility and practicality of quantum computing for chemists and researchers working in the field.
The intricacy of the issues that need to be solved in chemistry is one of the main causes propelling the development of quantum computing in that field. The exponential increase in complexity that comes with modeling molecular structures and chemical reactions is a challenge for conventional computing techniques, such as classical computers. Superposition and entanglement are two concepts that quantum computers may use to process and simulate these complicated systems more effectively. Because quantum computing can handle several variables and interactions at once, it is ideally suited to address complex chemical processes that would otherwise be computationally prohibitive. For example, it becomes possible to comprehend intricate catalytic reaction pathways and precisely anticipate the behavior of massive macromolecules, which opens up new avenues for chemical study and development.
The need for novel compounds and medications is one of the main forces behind quantum computing in chemistry. Industries including manufacturing, energy, and medicines are always looking for creative ways to create new chemicals, materials, and medications. Through better insights into molecular interactions and the ability to build more powerful medications and sophisticated materials, quantum computing holds the potential to completely transform various sectors of the economy. Quantum simulations, for instance, can be used to find new compounds with certain qualities or to improve catalysts for chemical reactions that use less energy. The capacity to efficiently and precisely simulate intricate chemical systems expedites the process of research and development, satisfying the increasing need for state-of-the-art advancements in these vital domains.
The introduction of quantum computing in chemistry is mostly being driven by the need for a competitive edge. Businesses that use quantum computing technology can outperform their rivals by cutting expenses, speeding up research and development, and improving the accuracy of their chemical analysis. Faster discovery cycles and more effective chemical process optimization are made possible by quantum computing, which shortens the time it takes for new goods to reach the market. This edge over competitors is especially important in sectors like medicines, where being first to market may yield large financial rewards. By strategically using quantum computing, businesses may maintain their competitive edge in innovation, draw in top personnel, and maintain their leadership positions in the chemical sector.
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QUANTUM COMPUTING IN CHEMISTRY MARKET SHARE ANALYSIS:
North America is a market leader for quantum computing in chemistry, especially the United States. Both the governmental and commercial sectors have made significant expenditures in quantum technology, which is the reason for its supremacy. To encourage research and development in quantum computing, the US government has started a number of noteworthy projects, such as the National Quantum Initiative Act. Leading computer giants with American headquarters, like IBM, Google, and Microsoft, have set up specialized laboratories for quantum research, propelling the development of quantum hardware and software. Furthermore, universities and research centers in North America are leading the way in quantum chemistry research and collaborating with business to create useful applications. A vibrant market is created by the region’s robust venture capital environment, which helps firms that focus on quantum computing.
Key Players:
D-Wave SolutionsRigetti ComputingIntelAnyon Systems Inc.Cambridge Quantum Computing LimitedOrigin Quantum Computing TechnologyQuantum Circuits, Inc.
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Technology
Ericsson brings drone detection capabilities to mobile networks
Published
17 minutes agoon
November 2, 2026By
Ericsson introduces new Integrated Sensing and Communication (ISAC) SystemThe system accurately detects and tracks moving objects such as drones over wide areas, including those not connected to the networkSelected small-scale, sensing-only commercial pilots expected to begin in 2027. Wider scale sensing deployments expected to follow in 2028
STOCKHOLM, Nov. 2, 2026 /PRNewswire/ — Existing mobile networks can help close a gap in detecting low-flying, fast-moving objects such as drones across wide areas. Following successful testing of Integrated Sensing and Communication (ISAC) technology over the past months, Ericsson (NASDAQ: ERIC) today introduces the Ericsson ISAC System.
The new solution adds sensing capabilities to the mobile network, enabling defense, public safety and critical infrastructure operators to detect and track moving objects, even when they are not connected to the network.
Commercial introduction of the Ericsson ISAC System will take place in phases, beginning with small-scale, sensing-only commercial pilots with selected customers in 2027, followed by broader-scale deployments from 2028. The integrated communications capability will be added as the solution evolves towards 6G.
Small, low-cost drones are increasingly being used for unlawful surveillance, organized crime, sabotage, and warfare. Their size and flight behavior at low altitudes make them difficult to detect, which creates new challenges for national security, critical infrastructure protection, and public safety. Dedicated sensors will remain important for protecting critical sites but scaling them across larger areas may be challenging due to the significant new infrastructure required.
The Ericsson ISAC System closes the low-altitude, wide-area detection gap by transforming the mobile network into a new layer of situational awareness. Using sensing-capable 5G radios, edge computing, AI and signal processing, it detects objects that are not connected to the network and maintains tracks across the coverage area, complementing radar and other sensors rather than replacing them.
How it works
Ericsson ISAC System detects and tracks objects by analyzing how radio signals are reflected by objects in the environment. It operates as a multi-static system, which means that sensing signal transmission and reception are distributed across multiple geographically separate mobile-network sites. This allows objects to be viewed from multiple angles at once – providing high accuracy that increases detection confidence, positioning, track continuity, and coverage resilience.
The Ericsson ISAC System uses parts of the 5G mobile network infrastructure – such as towers, backhaul and spectrum – already in place across cities, transport corridors and strategic locations to provide tracking data and AI-based classification. This data can be securely shared through standardized interfaces with authorized external systems, including security and command and control systems. Combined with data from other sensors and mitigation platforms, it can give users a more complete operational picture, helping them respond faster and make more informed decisions.
In validated tests, the system reliably detected and tracked micro drones at kilometer-scale distances with precise 3D positioning. Testing demonstrated consistent detection and tracking across a range of operating conditions, system configurations and drone flight patterns. Actual performance depends on factors such as the characteristics and flight profile of the target, sensing geometry, terrain and surrounding environment, and system configuration.
Evaluated in live 5G demonstrations
Trials with AT&T in Arlington, Texas, used sensing dashboards to display drone activity. Combining Ericsson technology with AT&T’s network expertise, the trial detected, located multiple drones, and tracked their movements, illustrating how wireless infrastructure could help protect major venues, critical infrastructure and other key locations.
A separate demonstration with Erillisverkot in Helsinki showed multiple 5G sites detecting and tracking drones, demonstrating how network sensing can support public safety and counter-UAS (Unmanned Aircraft System) operations while extending coverage alongside traditional sensors.
In Poland, Ericsson, Asseco and Play demonstrated how Ericsson’s Integrated Sensing and Communication technology, Play’s mobile network and Asseco’s PUSZCZYK acoustic detection system could support detection and positioning of low-flying drones with higher accuracy.
Potential applications
Defense and public safety: Enhancing airspace monitoring across borders, coastlines and strategic assets.
Critical infrastructure: Strengthening protection for ports, power plants and other vital sites.
Transport and industry: Supporting safer operations across road, rail and industrial environments.
Low-altitude economy: Drone traffic management, urban airspace monitoring, and digital twins for smart-city planning and environmental mapping.
Freddie Södergren, Global Head of Mission Critical Networks and Defense, Ericsson, says: “Low-flying drones create a detection coverage gap that no single sensor can effectively address. Ericsson ISAC System enables multiple 5G sites to deliver coordinated wide-area detection and continuous tracking, with data that can be integrated with traditional sensing technologies and operational systems. It also gives operators a pathway to create new services from existing network assets.”
Joe Madden, Principal Analyst at Mobile Experts, says: “Ericsson’s ISAC System shows that mobile-network sensing can perform far better than many expect, turning complex radio reflections into remarkably accurate tracking of low-flying, uncooperative objects. By building on an extensive footprint of existing sites, Ericsson has the potential to deliver wide-area drone detection faster and more cost-efficiently than deploying new dedicated sensor infrastructure.”
Carl Lundqvist, Chief Architect, Swedish Armed Forces HQ, says: “Detecting small drones across large areas is a growing operational challenge. The possibility of using distributed infrastructure to complement existing sensors could provide an important additional layer of situational awareness.”
Shawn Hakl, SVP & Head of Product, AT&T Business, says: “The next evolution of connectivity is about networks that don’t just move data but help organizations with insights to better understand and respond to the events in the real world. Bringing Integrated Sensing and Communication (ISAC) capabilities into existing 5G infrastructure can provide telemetry and intelligence in situations where it is not possible or desirable to pre-deploy sensors or cameras. Deploying this technology in a complex environment like a stadium is an important example of how intelligent networks can drive better safety and security outcomes from infrastructure already in place.”
Antti Kauppinen, CTO, Erillisverkot, says: “The Ericsson ISAC System shows that dual-use technology can strengthen national security by extending sensing capabilities to help authorities protect people and critical infrastructure. Together with Ericsson, we are exploring how this capability can be developed responsibly to enhance Finland’s resilience, security, and preparedness.”
Discover how Ericsson ISAC System closes the low-altitude detection gap
NOTES TO EDITORS:
Drone detection with ISAC for defense – Ericsson
Ericsson 5G for Defense: Digitalizing Defense Capabilities
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Technology
Aosom Kicks Off Black Friday 2026 with Its Biggest Discounts of the Year and Limited-Time Flash Deals
Published
17 minutes agoon
November 2, 2026By
LONDON, PARIS and HAMBURG, Germany, Nov. 2, 2026 /PRNewswire/ — As the year-end shopping season approaches, Aosom will kick off its 2026 Black Friday promotion on November 2, offering its biggest discounts of the year across home, pet, and children’s products. Shoppers can enjoy flash sales, prize draws, exclusive new-customer offers, and additional Black Friday week benefits.
More Exclusive Offers and Black Friday Surprises
Lucky Wheel: Shoppers can access the Lucky Wheel through a pop-up on the Aosom website homepage. First-time participants must subscribe and register for a chance to win products, coupons, and other rewards.
Community Giveaway: During the Black Friday early-bird campaign, Aosom will launch an interactive community event where shoppers can participate for a chance to win surprise prizes.
Exclusive New-Customer Package: First-time shoppers can enjoy a special package with additional savings on their first purchase.
Limited-Time Deals Across Categories and Extra Black Friday Week Benefits
Aosom will offer discounts across multiple product categories. During Black Friday week, shoppers may receive coupons for future purchases with their orders, while selected products will be available through limited-quantity flash sales. Eligible orders will also benefit from price protection.
Local Delivery and Flexible Payment for a Better Shopping Experience
With its local warehousing and delivery network, Aosom provides convenient shopping services. Depending on the delivery location, product, and order conditions, selected items may qualify for next-day delivery, and eligible shoppers may also choose installment payment options.
Shoppers can visit their local Aosom website for promotional details and campaign terms and conditions.
About Aosom
Aosom is a one-stop online platform for furniture and large home and lifestyle products, specializing in home, outdoor, garden, pet, and leisure products. Founded in 2013, Aosom operates across Europe and North America, with local subsidiaries in nine countries, including France, the UK, Germany, Spain, Portugal, Canada and the US. The brand is committed to providing innovative, affordable, and high-quality products for everyday living, supported by a logistics network of self-operated overseas warehouses and dedicated customer service. Aosom’s product range, which includes brands such as Outsunny, HOMCOM and PawHut, caters to a wide range of consumer needs, from home furnishings to outdoor use. Aosom continues to deepen its local market engagement through strategic partnerships and community initiatives. Every Home is Awesome(Aosom /’ɔ:səm/)
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Technology
Mirae Asset Celebrates Inclusion of Global X China Life Franklin HK-US Equity Select ETF (3428) as an Eligible ETF under Southbound Stock Connect
Published
17 minutes agoon
November 2, 2026By
Inclusion expands Global X’s Southbound ETF Connect line-up to 4 eligible ETFsEligible Mainland investors will be able to begin trading the Fund through Southbound Stock Connect on 9 November 2026.Global X China Life Franklin HK-US Equity Select ETF (3428) offers combined exposure to Hong Kong high-dividend equities with leading U.S. mega-cap companies in one ETF.
HONG KONG, Nov. 2, 2026 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset”), through its Global X ETFs brand, is pleased to announce the inclusion of the Global X China Life Franklin HK-US Equity Select ETF (the “Fund”; HKD counter: 3428; RMB counter: 83428; USD counter: 9428) under Southbound Stock Connect. Eligible Mainland investors are expected to begin trading the Fund through the programme on 9 November 2026.
The Fund seeks to track the CSI Select Market Moderate Index, which combines 65% Hong Kong-listed high-dividend equities with 35% leading U.S.-listed mega-cap companies across 45 securities. For eligible Mainland investors seeking both income-oriented exposure and participation in global innovation, the Fund brings these complementary investment themes together within a single, rules-based strategy.
The inclusion will bring the number of Global X ETFs available through Southbound Stock Connect to four, joining the Global X Hang Seng TECH ETF (2837), Global X Hang Seng High Dividend Yield ETF (3110) and Global X MSCI China ETF (3040).
For more information about the Global X China Life Franklin HK-US Equity Select ETF (3428), please visit Global X ETFs website at www.globalxetfs.com.hk/funds/china-life-franklin-hk-us-equity-select-etf/
About Mirae Asset Global Investments
Founded in 1997, Mirae Asset Global Investments is the asset management arm of Mirae Asset Financial Group, one of Asia’s leading independent financial services companies. As of 30 September 2026, the firm manages more than US$455 billion in assets and operates 25 offices worldwide.
Drawing on its globally integrated platform and investment intelligence, Mirae Asset Global Investments delivers progressive solutions across all major asset classes through mutual funds, ETFs and alternative investments.
As the world’s 12th-largest ETF provider, Mirae Asset offers more than 793 ETFs across 12 markets, with approximately US$280 billion in assets under management, offering investors high-quality, cost-effective solutions across emerging themes and disruptive technologies.
About Global X ETFs
Since 2008, Global X has been at the forefront of ETF innovation and has established itself as a leading issuer of thematic, income and global market ETFs. As part of Mirae Asset Financial Group, Global X combines a specialist ETF focus with global scale and the long-term backing of a truly global asset manager.
Global X serves every kind of investor in pursuit of its vision, “Beyond Ordinary ETFs”: developing innovative solutions that open access to the opportunities shaping tomorrow’s markets.
Mirae Asset Global Investments (Hong Kong) Website: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong Website: https://www.globalxetfs.com.hk/
Important Information
Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including the product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
The investment objective of Global X China Life Franklin HK-US Equity Select ETF (the “Fund”) is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Select Market Moderate Index.The Fund is exposed to concentration risk by tracking a specific region or country.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. Investors are exposed to foreign exchange risk.The Index constituents may be concentrated in a specific industry or sector, which may potentially more volatile than a fund with a diversified portfolio.The Fund may invest in small and/or mid-sized companies, which may have lower liquidity and their prices are more volatile to adverse economic developments.The Manager has delegated the investment discretion in respect of the Fund to the Sub Investment Manager. Any disruption in the communication with or assistance from the Sub-Investment Manager or a loss of service of the Sub-Investment Manager or any of its key personnel may adversely affect the operations of the Fund.The trading price of the Fund’s unit on the SEHK is driven by secondary market trading factors, which may lead to a substantial premium or discount to the Fund’s net asset value.The Fund’s synthetic replication strategy may invest up to 50% of its net asset value in financial derivative instruments (“FDIs”), which may expose the Fund to counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The Fund may suffer losses from its usage of FDIs.The Manager may at its discretion pay dividends out of the capital of the Fund. Distributions paid out of capital, represent a return of an investor’s original investment or its gains and may potentially reduce the Fund’s Net Asset Value per Share as well as the capital available for future investment.
Disclaimer
This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.
Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.
Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
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Ericsson brings drone detection capabilities to mobile networks
Aosom Kicks Off Black Friday 2026 with Its Biggest Discounts of the Year and Limited-Time Flash Deals
Mirae Asset Celebrates Inclusion of Global X China Life Franklin HK-US Equity Select ETF (3428) as an Eligible ETF under Southbound Stock Connect
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