Carbon ceramics are high performance material, which is made from a mixture of powders, fibers and resins. It has been in use since the 1970s in aerospace braking systems. Recently manufacturers have started using these in sports and private vehicles. Automotive braking system is an important part of the vehicle. Since brakes slow down cars by means of friction, they tend to get exceedingly hot and can weaken in terms of performance. However, carbon ceramic brakes are primarily designed to endure the intense heat that is generated during braking. According to Brembo, a leading manufacturer, this heat resilience is tough to create with the typical cast iron materials that are found in most brakes.
Moreover, at very high temperatures, carbon ceramics are less resistant to deformation and/or warping. Usually they last a bit longer than the traditional brakes. Lastly, the carbon ceramic brakes usually don’t corrode, even in the winter seasons.
The global automotive carbon ceramic brake rotors market is likely to grow at a significant CAGR during the forecast period. The global increase of street car and drag racing events is fuelling the growth of automotive carbon ceramic brake rotors. The rising acceptance of racing events throughout the globe is broadening the scope of drag racing. This is one of the major trends in the current automotive industry. Beside the popular racing events such as MotoGP, F1, NASCAR racing, and rally sports with a huge fan base, the fanatics for street racing and drag racing events is also on the rise in terms of popularity and the number of events. The growing popularity of these racing events have enlarged the purview of braking systems, especially in sports cars. Moreover, as these events are widening their geographical presence, the demand for various performance enhancement systems including carbon ceramic brakes are set to rise considerably during the forecast period.
The progress of high-performance braking systems which is based on adaptive braking systems is another trend that is going to gain significant traction in the global automotive carbon ceramic brake rotors market. Innovation has been one of the key drivers of the market. The automotive braking system has witnessed several advancements from hydraulic and mechanical systems to electrohydraulic systems. A number of key automobile manufacturers have developed braking system technologies resulting into the production of effective braking systems. For instance, Mercedes-AMG (the high-performance division of Mercedes-Benz) has announced the expansion of its high-performance braking systems that is based on adaptive brake systems. The system offers a number of additional features such as advanced driver assistance system (ADAS).
The global market for automotive carbon ceramic brake rotors can be segmented by rotor type, vehicle type, and geography. In terms of rotor type, the global market can be segregated into drilled rotors, and slotted rotors. The drilled rotors accounted for the maximum share in the the automotive carbon ceramic brake rotors market. Increasing adoption of brake rotors with drilled holes in automobiles owing to its functional advantages is likely to fuel the growth of the overall automotive carbon ceramic brake rotors market. By vehicle type the global automotive carbon ceramic brake rotors market is segmented into motor sports vehicles, passenger cars, and commercial vehicles. Carbon ceramic brake rotors are usually fitted in high performance vehicles including super cars, motor sports vehicles, and hyper super cars. This segment held a considerable market share in the global automotive carbon ceramic brake rotors market.
In terms of geography, the global automotive carbon ceramic brake rotors market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the maximum share in the global automotive carbon ceramic brake rotors market. The demand in this region is high owing to the presence of a significant number of OEMs that equip their vehicles with carbon ceramic brake rotors.
Key players operating in the global automotive carbon ceramic brake rotors market include Brembo SpA, Federal Mogul Corporation, Akebono Brake Industry Co. Ltd., SGL Group, Aisin Seiki Co. Ltd., Fusion Brakes LLC, Wilwood Engineering Inc. and Surface Transforms.
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- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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