GLOBAL QUANTUM-ENHANCED URBAN TRAFFIC MANAGEMENT SYSTEM MARKET

INTRODUCTION

 An Active Traffic Management plan's primary objective is to reduce traffic congestion, but it can also be used to control traffic around an event. In order to allow machine learning that is both quicker and more accurate, quantum-enhanced machine learning aims to design and employ quantum computing algorithms.

Connected CCTV cameras with HD footage fuel contemporary traffic incident management systems (TIMs). abilities of computer vision for picture detection and identification.

GLOBAL QUANTUM-ENHANCED URBAN TRAFFIC MANAGEMENT SYSTEM MARKET SIZE AND FORECAST

The Global Quantum-enhanced urban traffic management system market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Volkswagen utilised the power of quantum computing with the assistance of D-Wave in order to develop a traffic management system that can more effectively handle transportation data and enhance the performance of fleet services like taxis and public buses.

The present traffic models produced by traditional supercomputers can be replaced by the quantum system. These systems are constrained by their limited capacity to handle multiple tasks at once and the fact that traffic has a lot of moving components that need to be considered, including movement information gathered from smartphones and transmitters in vehicles. 

In order to handle and optimise all of that data and produce more precise and timely traffic information, Volkswagen's system employs a quantum algorithm.Roads will run more efficiently as a consequence, according to the company.

There would be less time spent driving around with empty seats if public transportation options could better service passengers. Taxis might arrive at passengers more quickly and reduce wait periods. 

Additionally, the algorithm might assist in delivering crucial information to autonomous vehicles as they are introduced to city roadways, directing them along the quickest route and reducing traffic.

Volkswagen's quantum computing approach is more of an idea than an actual implementation. In order to position the project as a profitable business endeavour that could be sold to cities, the company presented it at the WebSummit in Lisbon. 

COMPANY PROFILE

• Volkswagen
• Engadget
• Auto Evolution
• Houston Radar
• TU Automotive

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Quantum-enhanced urban traffic management systems are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Quantum-enhanced urban traffic management system and key vendor selection criteria
3. Where is the Quantum-enhanced urban traffic management system manufactured? What is the average margin per unit?
4. Market share of Global Quantum-enhanced urban traffic management system market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Quantum-enhanced urban traffic management system in-house
6. key predictions for next 5 years in Global Quantum-enhanced urban traffic management system market
7. Average B-2-B Quantum-enhanced urban traffic management system market price in all segments
8. Latest trends in Quantum-enhanced urban traffic management system market, by every market segment
9. The market size (both volume and value) of the Quantum-enhanced urban traffic management system market in 2023-2030 and every year in between?
10. Production breakup of Quantum-enhanced urban traffic management system market, by suppliers and their OEM relationship