Quantum Computing in Automotive Market - Top Companies and Manufacturers

Companies Dominating the Quantum Computing in Automotive Landscape

Quantum computing in automotive market possesses the potential to address complexities and optimize various aspects, from traffic congestion management to vehicle design and manufacturing. this market is dominated by key market players who are gaining traction by adopting several strategies including mergers and acquisitions (M&A), geographical expansion, and partnerships. The list of key players includes:

IONQ
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IBM Corporation
Accenture plc
Microsoft Corporation
D-wave systems, inc.
PASQAL
Terra Quantum
Amazon
Rigetti & Co, LLC

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Quantum Computing in Automotive Market Size, Growth Report 2036

In the News

In February 2024, IBM announced that LTIMIndtree, joined the IBM Quantum Network to explore quantum computing innovation for the benefit of its global clientele across multiple industries. LTIMindtree is the first Indian Global System Integrator (GSI) to join the the company’s Quantum Network.
In December 2022, IonQ, announced the next stages of its partnership with Hyundai Motor Company to develop the vehicles of the future. Hyundai Motor Company and IonQ, work together to develop IonQ’s quantum computers machine vision algorithms capable of conducting object detection on 3-D data from autonomous vehicles. Additionally, these two companies stated the utilization of IonQ’s industry-leading quantum computers to simulate electrochemical reactions of varying metal catalysts.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of quantum computing in automotive was valued at USD 246.4 million.

The market size for quantum computing in automotive is projected to be valued at USD 7.45 billion by the end of 2036 expanding at a CAGR of 36.4% during the forecast period i.e., between 2024-2036.

The major players in the market are IBM Corporation, Accenture plc, Microsoft Corporation, D-wave systems, inc., PASQAL, Terra Quantum, Amazon, and others.

The cloud segment is anticipated to hold a share of 75% during 2024-2036.

The Asia pacific quantum computing in automotive market is poised to hold 43% share by the end of 2036.

Quantum Computing in Automotive Market - Top Companies and Manufacturers

Companies Dominating the Quantum Computing in Automotive Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the quantum computing in automotive industry?

What is the outlook for the quantum computing in automotive market?

Who are the major players dominating the quantum computing in automotive landscape?

Which segment will capture the significant market share for quantum computing in automotive by 2036?

Which region will provide more opportunities for the electric truck business in the near future?