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Quantum computing could add billions in value to the automotive sector, with applications in route optimization, materials research, and much more.
15 September 2020
The ten tier automated system for the presentation and storage of cars in the Volkswagen Varshavka Center. Source: Shutterstock
The overall market value of QC services is estimated to be worth $32-52 billion by 2035
The economic impact for the automotive industry is estimated to be up to $3 billion by 2030
Applications include route optimization, materials research, and much more
Quantum Computing (QC) has been gaining huge momentum in the last few years. Recent breakthroughs in affordable technology have seen conversations shift from the theoretical to practical use cases.
As early as 2018, IBM drew attention across the tech world with the creation of its Q System One quantum computer, while D-Wave Technologies went on to announce a QC chip with 5,000 “qubits”, more than doubling its own previous 2,000-qubit record.
While quantum-computing applications may still be five to ten years down the road, a recent report by McKinsey shows that the automotive and transportation sectors have been quick to capitalize on QC’s potential, and have successfully showcased how effective the technology can be with several pilots.
Several OEMs (original equipment …
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