The quantum computing in automotive market is estimated to grow from USD 143 million in 2026 to USD 5,203 million by 2035, at a CAGR of 49.0% from 2026 to 2035. The growth of this quantum computing in automotive market is driven by rising investment by automotive companies to deploy advanced & innovative technology to solve complex problems and increasing government focus on evolving quantum computing expertise across various industry applications.
Increase in government investment
Quantum computing is in the infancy stage. The development of scalable quantum computer technology requires many dedicated investments to unlock the future potential of critical applications so that different optimization and simulation strategies can be implemented with quantum computers. Regional governments worldwide are investing in the development of quantum computing technology to initiate pilot projects across various applications. Different nations are funding their research institutions with substantial money to further the development of quantum computing. China, the US, and European countries such as Germany, France, Sweden, Netherlands, India, and Japan are some of the frontrunners for investments in quantum computing. Small countries like Canada, Australia, and Israel are joining the race to develop quantum computing technologies. These countries are investing in developing R&D infrastructure specialized for quantum computing space.
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Rise in sales of electric and hybrid electric vehicle
The rising adoption of BEVs and HEVs would force automotive companies to improve on various EVs, such as vehicle architecture, driving range, fast charging capabilities, etc. With reference to quantum computing can help in trying and building several material compositions under different test conditions. Quantum computing for an electric vehicle can perform battery material research, battery optimization & simulations, and battery thermal management systems. Few collaborations have occurred in recent years to perform such activities and achieve an optimal outcome. In 2022, Hyundai Motor Company (South Korea) and IonQ (US) formed a technical collaboration to simulate EV battery chemical reactions using quantum computing technology. In 2020, Mercedes-Benz (Germany) and IBM Corporation formed a technical collaboration to develop next-generation lithium-sulfur batteries using quantum computing technology. An increasing sale of electric vehicles will create the demand for improved batteries and unlock exponential growth opportunities for various automotive and other hardware, software, and platform providers for quantum computing.
Americas is projected to be the largest market during the forecast period
Americas is projected to dominate quantum computing in automotive market from 2026 to 2035. The region’s dominance is mainly due to the early adoption of quantum computing systems and supported software and services owing to the presence of major technology companies such as IBM Corporation, Microsoft Corporation, Alphabet Inc., D-Wave Systems Inc., Rigetti Computing, and Zapata Computing, among others. These companies have a technological advantage and abundant capital to invest in innovations. For instance, IBM Corporation has initiated R&D efforts on quantum computing since 1998. Alphabet Inc., Microsoft Corporation, D-wave Systems Inc., IonQ, etc., are some frontrunners in experimenting with quantum computing technologies. These companies can offer quantum computing solutions for the automotive industry and can help provide some real use cases leveraging quantum computing technology.
Key Market Players & Start-ups
Quantum computing in automotive market is led by globally established players such as IBM Corporation (US), Microsoft Corporation (US), D-Wave Systems, Inc. (US), Amazon (US), and Rigetti & Co, LLC (US).
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