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.
Quantum Computing Solutions for the Automotive Industry 2023
- Quantum Computing Solutions for the Automotive Industry
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Purchase includes:
- Report download
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Dorothy Amy |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | artificial intelligence in automotive industry |
| Keyword 2 | automotive industry trends |
| Keyword 3 | Strategic Quantum Computing Adoption |
| Podcast | No |
| WIP Number | PF71-01-00-00-00 |
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
20-Oct-2023
Global
Frost Radar
