The automotive quantum computing market is projected to – GlobeNewswire
New York, March 22, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Quantum Computing in Automotive Market by Application, Deployment, Component, Stakeholder & Region - Global Forecast to 2035" - https://www.reportlinker.com/p06434836/?utm_source=GNW Immense quantum computing capabilities are projected to bring life-changing results across the entire value chain of the automotive industry.
Autonomous & connected vehicles to become the fastest-growing segment during the forecast periodDevelopments in autonomous vehicles will be significant in the near years.The future adoption of Level 3, 4, and 5 autonomous vehicles could result in passengers spending more time in cars and less time physically driving them.
Few surveys suggest that about 90% of these autonomous vehicles will be shared, and 10% will be used for personal commuting.Owing to these advantages, quantum computing can act as a breakthrough advancement to make autonomous vehicles a reality soon with lower error margins.
For instance, quantum computing algorithms can rapidly process and calculate huge amounts of data generated from LIDAR, RADAR, & image sensors, and other advanced systems.This would be helpful in training & developing intelligence within the vehicle to operate with little manual intervention.
With the help of quantum optimization and simulation algorithms, it is possible to optimize this data in a fraction of the time against traditional computers, which may require years to process. Quantum computing would be useful to provide faster computation and develop meaningful insights for critical areas necessary for proper vehicle functioning. Likewise, Quantum machine algorithms can also detect objects and recognize patterns. They can potentially provide faster and more accurate results, improving the overall performance and safety of the vehicle. Rising applications of quantum computing in autonomous vehicles for different applications, such as route optimization of the autonomous vehicle, integration of data produced by various sensors, 3D object recognition, and cybersecurity, would fuel the growth of quantum computing technology for developing autonomous vehicles.
Software segment to lead the quantum computing market in the automotive industryThe software segment is projected to lead the quantum computing market in the automotive industry by component.With the rising efforts and investments by private and public entities to develop a commercially viable and fault-free physical quantum computer, the advancement in the software environment is also necessary to improve quantum computer performance.
As clients from multiple industry industries continue to grow, technology providers would focus on developing sustainable quantum computing software to cater to the upcoming requirements of various industries.According to the "State of Quantum 2022 Report", 66% of companies consider software development a main priority for quantum computing technology.
Established companies and multiple start-ups are expected to develop different versions of software platforms that can fill gaps in existing software and enhance the performance of quantum computers. Associated complexity, huge capital investments, and scarcity of qualified professionals required to develop physical quantum computers are expected to limit fewer new entrants in hardware development in the future. Alternatively, this will bring immense growth opportunities for software developers to integrate themselves into the existing stack to develop disruptive software and reap tremendous business revenues in the coming years
Asia Pacific is projected to be the fastest-growing market for quantum computing in the Automotive market by 2035During the forecast period, Asia Pacific will be the fastest-growing market for quantum computing in the automotive industry.Asia Pacific has emerged as a hub for automotive production in recent years, due to which most automotive OEMs and component manufacturers are based out of Asian countries.
China, India, Japan, and South Korea are major vehicle production hubs in the region and have planned some promising considerable to be invested in quantum computing technology.Further few regional players, such as Hyundai Motors and AISIN Group, have started exploring quantum computing capabilities in electric vehicle batteries, autonomous vehicles, and material research.
Improving per capita income, changing consumer preferences, and tightening emission norms have further increased competition among the regional players to sustain their market hold. This quantum computing technology can help them remain competitive in the coming years.
In-depth interviews were conducted with CXOs, VPs, directors from business development, marketing, product development/innovation teams, independent consultants, and executives from various key organizations operating in this market. By Stake Holders: Demand Side 20%, Supply Side 80% By Designation: Director Level 30%, C Level Executives - 10%, and Others - 60% By Region: Asia Pacific 40%, Europe - 20%, and North America 40%
Quantum computing in the automotive market is led by globally established players such as IBM Corporation (US), Microsoft Corporation (US), Amazon (US), D-Wave Systems, Inc.(US), and Rigetti & Co, LLC (US).
Research Coverage:The study segments the automotive quantum computing market and forecasts are based on the application type (Route Planning & Traffic Management, Battery Optimization, Material Research, Autonomous, and Connected Vehicles, Production Planning and Scheduling, and others), by deployment type (Cloud, and On-premises), by component type (Software, Hardware, and Services), by Stakeholder type (OEM, Automotive tier 1 and 2, and Warehousing and Distribution), and Region (Asia Pacific, Europe, and Americas).
The study also includes an in-depth competitive analysis of the markets key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall quantum computing in the automotive market and the sub-segments.This report will help to understand the potential applications of quantum computing technology and OEM tie-ups for the use of quantum computing technology for various applications.
This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.This report will help stakeholders to understand the potential applications and their penetration rate in the automotive industry.
This report provides insights on strategic developments by automotive companies in quantum computing technology across short-term and long-term automotive applications.This report will offer the futuristic market potential of various components such as hardware, software, and services, enabling readers to understand market investment areas.
The report also helps stakeholders understand the markets pulse and provides information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p06434836/?utm_source=GNW
About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Read the original:
The automotive quantum computing market is projected to - GlobeNewswire
- Buy the Dip on This Quantum Computing Stock - Yahoo Finance - July 24th, 2025 [July 24th, 2025]
- UChicago partners with IBM to strengthen quantum computing startups in Illinois - University of Chicago News - July 24th, 2025 [July 24th, 2025]
- Gold clusters mimic atomic spin properties for scalable quantum computing applications - Phys.org - July 24th, 2025 [July 24th, 2025]
- Global Quantum Computing Market Report 2026-2046, with Profiles of 217 Companies Shaping the Quantum Computing Ecosystem, Including Market Leaders,... - July 24th, 2025 [July 24th, 2025]
- Quantum Computing Inc. (QUBT): A Bear Case Theory - Yahoo Finance - July 24th, 2025 [July 24th, 2025]
- Universal Quantum Joins Open Quantum Institute to Advance Endometriosis Drug Discovery with Quantum Computing - The Quantum Insider - July 24th, 2025 [July 24th, 2025]
- Unpacking the Latest Options Trading Trends in Quantum Computing - Nasdaq - July 24th, 2025 [July 24th, 2025]
- Quantum Computing: Stay Far From The Quantum Realm, Strong Sell (NASDAQ:QUBT) - Seeking Alpha - July 24th, 2025 [July 24th, 2025]
- 2025: An eventful year for quantum computing - The New Indian Express - July 24th, 2025 [July 24th, 2025]
- Riverlane and OQC Move Toward Fault-Tolerant Quantum Computing with QEC Integration - HPCwire - July 24th, 2025 [July 24th, 2025]
- Billionaires Are Buying This Quantum Computing Stock Hand Over Fist (Hint: It's Not IonQ or D-Wave Quantum) - Yahoo Finance - July 24th, 2025 [July 24th, 2025]
- Unlocking the Future: How Advanced Ceramics Are Powering Quantum Computing and Semiconductor Innovation - openPR.com - July 24th, 2025 [July 24th, 2025]
- Global Quantum Computing Market Report 2025: Revenue, Trends, and Key Players - Yahoo Finance - July 22nd, 2025 [July 22nd, 2025]
- Billionaires Are Buying This Quantum Computing Stock Hand Over Fist (Hint: It's Not IonQ or D-Wave Quantum) - Mitrade - July 22nd, 2025 [July 22nd, 2025]
- 3 Quantum Computing Stocks with Potential to Beat the Market 7/21/2025 - TipRanks - July 22nd, 2025 [July 22nd, 2025]
- 2 Top Quantum Computing Stocks to Buy in July - Yahoo Finance - July 20th, 2025 [July 20th, 2025]
- Want to Invest in Quantum Computing Without the Crazy Risk? Buy These 3 Stocks. - The Motley Fool - July 20th, 2025 [July 20th, 2025]
- Is quantum computing the next big thing in stocks? - Yahoo Finance - July 20th, 2025 [July 20th, 2025]
- Are We in a Quantum Computing Bubble? - The Motley Fool - July 20th, 2025 [July 20th, 2025]
- Is Quantum Computing Stock a Buy for Less Than $20? - The Motley Fool - July 20th, 2025 [July 20th, 2025]
- After Plummeting by 18%, Could This Quantum Computing Stock Stage a Second-Half Comeback? - AOL.com - July 20th, 2025 [July 20th, 2025]
- New Platform Leverages AI and Quantum Computing to Predict Salmonella Antimicrobial Resistance | Newswise - Newswise - July 18th, 2025 [July 18th, 2025]
- Quantum Computing Seen As Top Cybersecurity Threat by 65% of Firms - IoT World Today - July 18th, 2025 [July 18th, 2025]
- SuperQ Quantum Computing Partners with Web Summit to Expand Global Reach - TipRanks - July 18th, 2025 [July 18th, 2025]
- They Put Light and Quantum Into One Chip!: Scientists Unveil Silicon Breakthrough That Could Reshape the Future of Computing Forever - Rude Baguette - July 16th, 2025 [July 16th, 2025]
- What is quantum computing? Heres everything you need to know right now - Fast Company - July 16th, 2025 [July 16th, 2025]
- Warren Buffett Is Invested in These Three Magnificent Quantum Computing Stocks. Here's the Best of the Bunch. - The Motley Fool - July 16th, 2025 [July 16th, 2025]
- Quantum Computing Breakthrough: Rigetti Doubles Performance with Industry-First 36-Qubit Multi-Chip System - Stock Titan - July 16th, 2025 [July 16th, 2025]
- Why Is Sumitomo Corporation Taking on Quantum Computing? Pioneering Real-World Applications at the Forefront of Social Implementation -... - July 16th, 2025 [July 16th, 2025]
- Oxford Ionics and Iceberg Quantum Partner to Accelerate Fault-Tolerant Quantum Computing - HPCwire - July 16th, 2025 [July 16th, 2025]
- Analysts See over 30% Upside in These 3 Quantum Computing Stocks 7/14/2025 - TipRanks - July 16th, 2025 [July 16th, 2025]
- How Mass. is becoming a hub for the quantum computing industry - WBUR - July 16th, 2025 [July 16th, 2025]
- Ohio awards millions to Miami University for 'quantum computing workforce' - spectrumlocalnews.com - July 16th, 2025 [July 16th, 2025]
- Could IonQ Be the Nvidia of Quantum Computing? - 24/7 Wall St. - July 16th, 2025 [July 16th, 2025]
- Quantum (QUBT) Computing Rallies 8.7% Ahead of Q2 Earnings - Yahoo Finance - July 16th, 2025 [July 16th, 2025]
- Wanted: enabling technologies in quantum computing for artificial intelligence (AI) and cyber security - Military Aerospace - July 16th, 2025 [July 16th, 2025]
- What's Going On With Quantum Computing Stock Today? - Quantum Computing (NASDAQ:QUBT) - Benzinga - July 16th, 2025 [July 16th, 2025]
- ZenaTech creates quantum computing prototype to advance AI drone solutions - Evertiq - July 16th, 2025 [July 16th, 2025]
- AmpliTechs Cryogenic LNAs Power the Future of Quantum Computing and AI - Yahoo Finance - July 16th, 2025 [July 16th, 2025]
- Quantum Computing Inc. Stocks: Time to Buy or Wait? - StocksToTrade - July 16th, 2025 [July 16th, 2025]
- Think Quantum Computing Will Be the Next Big Thing? These Are the 2 Stocks to Buy Today - 24/7 Wall St. - July 14th, 2025 [July 14th, 2025]
- Rigetti Computing (RGTI): At the Quantum Inflection Point A Leveraged Play on Institutional Adoption - AInvest - July 14th, 2025 [July 14th, 2025]
- NTT Research and Tohoku University Collaborate on Quantum Enhanced Coherent Ising Machines - Quantum Computing Report - July 14th, 2025 [July 14th, 2025]
- Better Quantum Computing Stock: D-Wave Quantum vs. IonQ - MSN - July 14th, 2025 [July 14th, 2025]
- Better Quantum Computing Stock: D-Wave Quantum vs. IonQ - The Motley Fool - July 12th, 2025 [July 12th, 2025]
- ZenaTech Creates First Quantum Computing Prototype Enabling Disruptive AI Drone Speed and Precision for Future Commercial and US Defense Applications... - July 12th, 2025 [July 12th, 2025]
- Nearly two-thirds of organizations consider quantum computing as the most critical cybersecurity threat in 35 years - Capgemini - July 12th, 2025 [July 12th, 2025]
- Why Quantum Computing Stock Skyrocketed 69.3% in June -- and What Comes Next? - Nasdaq - July 12th, 2025 [July 12th, 2025]
- Quantum Computing - Why BTC isn't the biggest worry for COINBASE:BTCUSD by Profit_Through_Patience - TradingView - July 10th, 2025 [July 10th, 2025]
- 3 Artificial Intelligence (AI) Stocks Could Lead the Quantum Computing Revolution - The Motley Fool - July 10th, 2025 [July 10th, 2025]
- D-Wave, Yonsei, Incheon team up to boost quantum computing - Evertiq - July 10th, 2025 [July 10th, 2025]
- Is Rigetti Computing the Top Quantum Computing Stock for the Second Half of 2025? - The Motley Fool - July 10th, 2025 [July 10th, 2025]
- Why Quantum Computing Stock Skyrocketed 69.3% in June -- and What Comes Next? - The Motley Fool - July 10th, 2025 [July 10th, 2025]
- SuperQ Quantum Computing Inc. to Begin Trading on CSE as QBTQ - TipRanks - July 10th, 2025 [July 10th, 2025]
- Why Quantum Computing Stock Skyrocketed 69.3% in June -- and What Comes Next? - AOL.com - July 10th, 2025 [July 10th, 2025]
- This Quantum Computing Stock Just Raised $1 Billion And Analyst Says Its Only Getting Started - IonQ (NYSE:IONQ) - Benzinga - July 10th, 2025 [July 10th, 2025]
- Nearly two-thirds of organizations consider quantum computing as the most critical cybersecurity threat in 3-5 years - The Manila Times - July 10th, 2025 [July 10th, 2025]
- Quantum Computing (NASDAQ:QUBT) Shares Down 2.2% - Here's What Happened - MarketBeat - July 10th, 2025 [July 10th, 2025]
- Billionaires Are Buying This Quantum Computing Stock Hand Over Fist (Hint: It's Not IonQ or D-Wave Quantum) - The Motley Fool - July 8th, 2025 [July 8th, 2025]
- Individual defects in superconducting quantum circuits imaged for the first time - Scientific Computing World - July 8th, 2025 [July 8th, 2025]
- Horses for Courses: Where Quantum Computing Is, and Isnt, the Answer - RealClearDefense - July 8th, 2025 [July 8th, 2025]
- Satoshi-Era Bitcoin (BTC) Whale's $8B Move Explained Amid Looming Quantum Computing Threat to Crypto - Blockchain News - July 8th, 2025 [July 8th, 2025]
- Quantum Computing's 'Q-Day' Threat: Is Your Bitcoin (BTC) and Ethereum (ETH) Portfolio Facing Annihilation? - Blockchain News - July 8th, 2025 [July 8th, 2025]
- BlackRock's Bitcoin ETF Filing Warns of Quantum Computing Threat: Could Q-Day Make BTC and ETH Worthless? - Blockchain News - July 8th, 2025 [July 8th, 2025]
- Quantum Computing's "Q-Day" Poses Existential Risk to Bitcoin (BTC) and Ethereum (ETH), Expert Warns - Blockchain News - July 8th, 2025 [July 8th, 2025]
- Quantum Computing Threat: 25% of Bitcoin (BTC) at Risk as Polyhedra (ZKJ) Crashes 80% After Liquidity Attack - Blockchain News - July 8th, 2025 [July 8th, 2025]
- Scientists Just Simulated the Impossible in Quantum Computing - SciTechDaily - July 8th, 2025 [July 8th, 2025]
- 3 Quantum Computing Stocks with Potential to Beat the Market 7/7/2025 - TipRanks - July 8th, 2025 [July 8th, 2025]
- JPMorgan's quantum computing team lost its leaders & there is a mystery - eFinancialCareers - July 8th, 2025 [July 8th, 2025]
- Cracking the quantum code: Light and glass are set to transform computing - Phys.org - July 8th, 2025 [July 8th, 2025]
- IBM Backs $26M Funding for Quantum Computing Error Correction Startup - IoT World Today - July 8th, 2025 [July 8th, 2025]
- Horses for courses: where quantum computing is, and isnt, the answer - The Strategist | ASPI's analysis and commentary site - July 8th, 2025 [July 8th, 2025]
- D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy - Yahoo Finance - July 6th, 2025 [July 6th, 2025]
- Quantum Computing's Surge: Navigating Tariffs and Tech Tailwinds for Profitable Growth - AInvest - July 6th, 2025 [July 6th, 2025]
- 2 Top Quantum Computing Stocks to Buy in July - The Motley Fool - July 6th, 2025 [July 6th, 2025]
- D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy - TipRanks - July 4th, 2025 [July 4th, 2025]
- QEDMA Raises $26 Million With Participation From IBM to Tackle Quantum Computing Errors - The Quantum Insider - July 4th, 2025 [July 4th, 2025]
- Quantum Computing Stocks QBTS and IONQ Rally as Cantor Assigns Buy Rating - TipRanks - July 4th, 2025 [July 4th, 2025]
- Meet the Monster Quantum Computing Stock That Continues to Crush IonQ, Rigetti Computing, and Nvidia - The Motley Fool - July 4th, 2025 [July 4th, 2025]
- Meet the Monster Quantum Computing Stock That Continues to Crush IonQ, Rigetti Computing, and Nvidia - Nasdaq - July 4th, 2025 [July 4th, 2025]