by The global Automotive Carbon Ceramic Brakes Market is estimated to be valued at US$ 74.26 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The automotive carbon ceramic brakes market comprises braking systems made from ceramic composite materials like silicon carbide. Carbon ceramic brake discs are nearly 50% lighter than conventional cast iron discs, resulting in reduced unsprung and rotating mass. This improves braking feel, pad life, and fuel efficiency. Lower weight also enhances brake performance, especially during sharp, repeated braking actions. In addition, carbon ceramic brakes are corrosion resistant and have significantly higher operation temperatures than steel, ensuring braking effectiveness in extreme conditions.
Market key trends:
One of the major trends in the automotive carbon ceramic brakes market is the ongoing R&D towards developing more durable and tougher ceramic materials. Researchers are experimenting with different composition ratios of carbon fibers, silicon carbide, and boron carbide to produce composite variants with improved mechanical strength and fracture toughness. Advancements in material science could enable wider adoption of carbon ceramic brakes across broader vehicle segments beyond supercars and luxury vehicles. Lightweighting remains a top priority for automakers to meet stringent emission regulations. Lighter braking systems based on advanced ceramics will play a crucial role in reducing overall vehicle weight.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the automotive carbon ceramic brakes market is medium due to the high R&D costs associated with developing the technology and the need to attain economies of scale to successfully compete in the market.
Bargaining power of buyers: The bargaining power of buyers in the automotive carbon ceramic brakes market is high due to the availability of substitute brake types such as steel brakes. Buyers can easily switch between brake types based on pricing.
Bargaining power of suppliers: The bargaining power of suppliers in the automotive carbon ceramic brakes market is medium due to the availability of raw material substitutes and differentiated products offered by suppliers.
Threat of new substitutes: The threat of new substitutes in the automotive carbon ceramic brakes market is medium as advanced materials like carbon silicon carbide continue to emerge but require further technological development to be commercially viable.
Competitive rivalry: High due to the presence of numerous global and regional players competing in the automotive carbon ceramic brakes market on parameters like technology, performance, and pricing.
Key Takeaways
The global Automotive Carbon Ceramic Brakes Market Share is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing demand for lightweight braking systems to improve fuel efficiency and reduce vehicular emissions.
By region, North America is projected to dominate the global automotive carbon ceramic brakes market over the forecast period. The growing demand for high-performance sports and luxury vehicles equipped with lightweight carbon ceramic brakes in the region is driving market growth. The Asia Pacific automotive carbon ceramic brakes market is anticipated to grow at the fastest pace during the forecast period owing to rising vehicle production and sales led by countries like China and India.
Key players operating in the automotive carbon ceramic brakes market include BREMBO S.p.A., Surface Transforms PLC, MAT Foundry Group Ltd, Audi AG, Volkswagen of America, Inc., Carroll Shelby International, Inc., ALPINA Burkard Bovensiepen GmbH + Co. KG, BRABUS GmbH, AKEBONO BRAKE INDUSTRY CO., LTD., Rotora, Ferrari N.V, Apollo Automobil GmbH (Gumpert), Automobili Lamborghini S.p.A. (Lamborghini). Players are focusing on new product launches and partnership strategies to gain market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
