Quantum computing in automotive market set to reach $5,203 million by 2035

From GlobeNewswire: 2024-08-13 08:30:00

The Quantum Computing in Automotive Market is set to surge from USD 143 million in 2026 to USD 5,203 million by 2035, with a CAGR of 49.0%, driven by government investments and collaborations. Cloud-based quantum computing is expected to dominate, with focus on route planning and traffic management, expected to reduce transportation costs and delivery time.

Automotive OEMs like Volkswagen, Daimler, and BMW are leading in adopting quantum computing for various applications, from product design to supply chain optimization. Quantum computing will expedite battery innovation for electric vehicles and aid in autonomous driving development. Europe is poised to be the second-largest market due to increased government investments and industry interest.

Recent developments include Rigetti launching QCS on Microsoft’s Azure Quantum, PASQAL’s Pulser Studio for neutral atoms quantum computers, and IBM’s Next-Generation IBM Quantum System Two. These advancements signal a bright future for quantum computing in automotive applications.



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