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Automotive Quantum Computing Market Share

Report ID: GMI5777
Published Date: Aug 2024
Report Format: PDF

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Automotive Quantum Computing Market Share

IBM, Google, and Microsoft hold a significant market share of 18% in 2023. Tech giants such as IBM, Google, and Microsoft are competing with automotive manufacturers such as BMW and Toyota in the quantum computing space. While tech companies focus on developing advanced quantum hardware and software, automakers are keen on integrating these technologies to enhance vehicle performance and autonomous driving capabilities, leading to strategic partnerships and collaborations.

Established companies, such as D-Wave and Rigetti, are facing competition from emerging startups specializing in quantum computing for automotive applications. These startups often bring innovative approaches and agility, challenging traditional players by offering novel solutions for vehicle optimization, battery efficiency, and autonomous systems. The competitive landscape is characterized by rapid technological advancements and dynamic collaborations.

Automotive Quantum Computing Market Companies

Major players operating in the automotive quantum computing industry are:

IBM
Google
Microsoft
D-Wave Systems
Rigetti Computing
IonQ
Quantinuum

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

Automotive quantum computing industry size was USD 226 million in 2023 and will grow at 36% CAGR between 2024 and 2032, fueled by the need for advanced computational power to enhance vehicle design, optimization, and autonomous driving technologies.

The cloud-based segment captured 70% share in 2023, propelled by their scalability, cost-efficiency, and ease of access.

North America automotive quantum computing industry registered 40% share in 2023, owing to strong technological infrastructure, substantial investments in quantum research, and the presence of leading automotive and tech companies.

Key players operating in the automotive quantum computing industry are IBM, Google, Microsoft, D-Wave Systems, Rigetti Computing, IonQ, and Quantinuum, among others.