Commercialising quantum technologies could create an $86 billion global industry by 2040. Australia has world-class quantum research capabilities and an emerging quantum technology industry underpinned by the expertise and IP developed in its research institutions.

Australia can play a valuable role in this global industry but as its global peers invest heavily in their own quantum ecosystems, it will need to act quickly to remain a key player in this global opportunity.

With the right support, CSIRO envisions that by 2040 Australia will maintain its globally competitive strengths in quantum technology R&D and develop a thriving quantum technology industry.