Quantum Computing in Automotive Market Segmentation:
Component Segment Analysis
The software segment is projected to hold the largest revenue share of about 55% by 2035 owing to its crucial role in improving quantum computer performance. Developing algorithms specifically for automotive applications requires software that optimizes supply chain management, autonomous driving systems, manufacturing procedures, and vehicle design. The software segment in quantum computing has the potential to completely transform the way automobiles are designed and driven with the appropriate algorithms.
For example, in June 2024, with NVIDIA and the BMW Group collaborated to optimize mechatronic software systems, marking significant advancements in the automotive sector by implementing quantum computing. This initiative was launched to focus on solving complex computational constraints to discover the optimal architecture of electrical and mechanical systems.
Application Segment Analysis
The routing and traffic segment is expected to account for a prominent revenue share in quantum computing in automotive market, owing to traffic congestion that leads to increased travel times, fuel consumption, and environmental pollution. Quantum computing facilitates dynamic routing and traffic management based on the state of the roads, patterns of the weather, and movements of vehicles. This feature improves the flexibility of traffic control systems, which results in reduced congestion and more efficient traffic flow.
Volkswagen in 2019, unveiled a test project utilizing MAN-buses equipped with an in-house traffic management system designed to optimize traffic through the use of quantum computing. This system determines the fastest path for each of the nine participating buses separately using a D-Wave quantum computer. In this way, the journey time for each passenger was shortened, even during high traffic.
Deployment Segment Analysis
The cloud segment is estimated to dominate quantum computing in automotive market, holding a revenue share of 75% during the projected timeframe owing to the scalable access to quantum resources offered through cloud-based quantum computing platforms. Automotive enterprises, research organizations, and quantum computing operators can work together and exchange knowledge more easily through cloud-based platforms. Cloud quantum computing accelerates innovation and encourages a collaborative environment by offering a centralized platform for the exchange of data and algorithm development within the automotive industry.
Our in-depth analysis of the global market includes the following segments:
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