Leica Q2 has a 47.0MP Full frame (36 x 24 mm ) sized CMOS sensor . On the other hand, Canon G7 X MIII has a 20.0MP 1" (13.2 x 8.8 mm ) sized BSI-CMOS sensor and features DIGIC 8 processor.
Leica Q2's sensor provides 27MP more than Canon G7 X MIII's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Another difference between these two cameras is that Leica Q2's sensor lacks anti-alias (Low-Pass) filter. Removing anti-alias filter increases the sharpness and level of detail but at the same time, it increases the chance of moire occurring in certain scenes.
Below you can see the Q2 and G7 X MIII sensor size comparison.
As seen above, Leica Q2 has a 7.4x Larger sensor area than Canon G7 X MIII. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.