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Global Quantum Computing in Automotive Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Modern computer technology known as quantum computing is based on quantum theory and quantum mechanics. It is the use of the collective properties of quantum states, like superposition and entanglement, to carry out computation. High speeds are achieved by using 0 and 1 bits but utilising all possible conditions between 0 and 1. Several industries, including financial modelling, medical research, traffic optimisation, weather forecasting, and artificial intelligence, can benefit greatly from quantum computing. Hence, the strategic balance of power, military affairs, and commerce could change as a result of quantum computing.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the majority of Asian countries are home to manufacturers of automotive OEMs and components. Major hubs for the production of vehicles in the area include China, India, Japan, and South Korea. These nations have quantified some potential investments in this field. Additionally, a small number of regional businesses, like Hyundai Motors and AISIN Group, have begun investigating the use of quantum computing in driverless vehicles, material research, and electric vehicle batteries.
Some of the key players profiled in the Quantum Computing in Automotive Market include Alphabet Inc., Amazon, Anyon Systems, Atom Computing Inc., Capgemini, D-Wave Systems Inc., IBM Corporation, Intel Corporation, Magiq Technologies Inc., Microsoft Corporation, Pasqal, Qc Ware Corp, Quantinuum Ltd. (Cambridge Quantum Computing Ltd.), Rigetti & Co, LLC, Terra Quantum, Xanadu Quantum Technologies Inc. and Zapata Computing.
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