Quantum technologies will have far-reaching strategic, economic and social impacts. Australia's quantum technology industry will be worth a projected $6 billion and employ 19,400 Australians by 2045. The Australian Government supports quantum companies at every phase of growth.

Quantum technologies also have important national security applications, and advances in computing and sensing could promote step-changes in a range of areas that impact the lives of all Australians. Since the launch of National Quantum Strategy (the strategy) in May 2023, Australia has taken steps toward fulfilling the strategy’s vision: 

'In 2030, Australia is recognised as a leader of the global quantum industry, and quantum technologies are integral to a prosperous, fair and inclusive Australia.'

This report provides updates on how Australia's National Quantum Strategy has been implemented. It also highlights the successes, challenges and next steps for Australia's quantum industry.

The report includes:

• successes achieved by Australian quantum researchers and businesses
• challenges the quantum sector has faced
• highlights of the work underway to grow the national quantum sector
• how we're tracking against the strategy’s measures of success
• next steps for the strategy.