Quantum Computing in Automotive Market Growth Drivers & Opportunities 2035

The quantum computing in automotive market is projected 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.

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Increasing government investments in developing quantum computing infrastructure and growing strategic collaborations between OEMs, auto component manufacturers & technology providers to carry out the advancements in quantum computing technology focused on complex automotive applications are the key growth factors of this market.

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.

Route planning & traffic management are expected to dominate the quantum computing in automotive market

Route planning and traffic management are one of the initial focus areas among automotive players for quantum computing applications. Using real-time data, smart simulation, and optimization techniques, quantum computing can bring effective route and traffic management, such as traffic pattern and flow, shortest path selection, tracking weather conditions, etc. A few automotive OEMs have collaborated with Quantum computing technology providers to develop an efficient roadmap for route optimization and traffic flow management. In 2019, Volkswagen Group launched the world's first pilot project for traffic optimization with a quantum computer by D-wave Systems Inc. in Lisbon, Portugal. Optimized route planning and traffic management are expected to reduce freight transportation costs in last-mile delivery while reducing delivery time. Additionally, route optimization using quantum computing algorithms can change ridesharing and mobility as a service (MaaS) markets with the faster movement of vehicle fleets in high-demand locations, and drivers would earn more bonuses by gaining more rides.

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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

The quantum computing in automotive market is dominated by giants such as IBM Corporation (US), Microsoft Corporation (US), D-wave systems Inc. (US), Amzon (US), Rigetti & Co, LLC (US), Alphabet Inc. (US), Terra Quantum (Switzerland), and PASQAL (France). These companies adopted several strategies to gain traction in the quantum computing in automotive market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate its offerings and broaden its customer base.

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Mr. Aashish Mehra
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