Frost Radar™: Quantum Computing Solutions for the Automotive Industry, 2023

Frost Radar™: Quantum Computing Solutions for the Automotive Industry, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

This Frost Radar™ report analyzes the top 8 players from the quantum computing market actively investing in future potential use cases with OEMs and Tier-1 suppliers in the automotive industry. It includes a mix of pure-play quantum hardware players, quantum software specialist companies, and comprehensive end-to-end quantum solution providers that aim to address the automotive industry's specific needs. These vendors are ranked based on innovation and growth indices indicating their strength in the market. It details out each company's solutions portfolio, R&D initiatives, revenue growth, investment details, clientele information, and future vision & strategies.

This Frost Radar™ emphasizes each vendor's quantum technology approach and why they have successfully implemented that specific technology in the market. Industry participants will gain insight into the existing quantum market challenges, the anticipated evolution of business models, and the essential capabilities to consider when engaging with vendors in the quantum computing market.

Quantum computing is revolutionizing diverse industry verticals such as finance, pharmaceuticals, chemicals, automotive, aerospace, and supply chain. The automotive industry has begun to realize the potential of quantum computing and how it can significantly disrupt the way cars will be designed, manufactured, and driven in the future. AI-powered quantum will impact the automotive industry by developing advanced and sustainable materials, optimizing manufacturing processes, improving decision-making capabilities in self-driving cars and dynamic route management in vehicles. Though quantum computing is still in its early stages, considerable investments from key OEMs such as BMW, Mercedes Benz, Toyota Motors, Volkswagen, and Hyundai, indicate the technology’s promising potential.

The growth of this technology over the next 5 to 10 years will be propelled by rising investments, supportive government policies, increasing R&D initiatives by technology companies, as well as cross-industry collaborative partnerships for innovation. This report presents an overall analysis of the current state of the quantum computing market, key vendors, quantum approaches, and trends currently impacting the automotive industry.