A $30 billion market exists today for devices based upon quantum mechanical principles. That market is flash memory and was initially invented by Dr. Fujio Masuoka of Toshiba in the early 1980’s. It was first public unveiled at the 1984 International Electron Device Meeting (IEDM) in San Francisco and the first commercial product, a NOR Flash chip, was introduced by 1988.
The sales for flash chips were very modest in the initial years, but after almost 20 years these sales have blossomed to over $30 billion. This timeline my be instructive to those trying to estimate the potential market growth of quantum computers. But like flash memory, I expect that there will be continued incremental developments and improvements in quantum computers for many years to come and this will enable similar growth to make this a multi-billion dollar market.