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A composite is defined as a multiphase material that exhibits significant proportion of properties of the constituent phases. It usually consists of a continuous phase called matrix and a dispersed phase called reinforcement. Ceramic matrix composite (CMC) is ceramic-based reinforced material that is used in various end-use industries such as construction, oil & gas, energy, aerospace, consumer goods, and electrical & electronics. Automotive is a major end-use industry for ceramic matrix composites. CMC materials overcome the major disadvantages of conventional technical ceramics such as brittle failure, low fracture toughness, and limited thermal shock resistance. Therefore, CMC materials are used in fields that require reliability at high-temperatures and resistance to corrosion and wear. Ceramic composite brake systems is one of the key applications of ceramic matrix composite in automotive applications. Ceramic matrix composites are also employed in automotive clutches. They can operate with little or no cooling, providing a significant efficiency boost to the cycle. 

Composites offer many structural and weight advantages over traditional steel and injection molded automotive parts. These include cost and weight reduction and recyclability. Ceramic matrix composites account for one-third of the weight of previously used nickel (Ni) super-alloys. Ceramic matrix composites are generally employed in the manufacture of brake disks and brake system components, which experience extreme thermal shock, in the automotive industry. Advantages offered by carbon reinforced ceramic matric composite include little wear, resulting in lifetime use for a car with a normal driving load of 300,000 km, better corrosion resistance, and reduced weight as compared to the previously used metal disk.

The passenger cars sector is anticipated to drive the global automotive industry due to the rise in disposable income of consumers. Increase in disposable income is also estimated to boost the demand for luxury cards across the globe. However, growth in environmental concerns is projected to hamper the market during the forecast period. Automotive manufacturers are focusing on reducing the weight of vehicles to provide highly efficient cars and low fuel consumption. Therefore, OEMs are substituting traditional materials with advanced engineered composites such as ceramic matrix composites. Weight reduction improves shock absorber response, road-holding comfort, agility, fuel economy, and thus driving comfort. This is estimated to boost the demand for automotive ceramic matrix composites during the forecast period. However, high cost is the prominent barrier for further penetration in cost-sensitive areas. Nonetheless, manufacturers of ceramic matrix composites have been developing technologies to reduce the cost of composites.

In terms of geography, the global automotive ceramic matrix composites market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The automotive ceramic matrix composites market in Asia Pacific is anticipated to expand rapidly during the forecast period due to the expansion in the automotive industry in countries such as China, India, Malaysia, and Japan. Thus, Asia Pacific is anticipated to dominate the global market during the forecast period. North America and Europe follow Asia Pacific in the automotive ceramic matrix composites market in terms of share. Latin America is anticipated to offer high growth opportunities for the reinforced automotive ceramic matrix composites market, due to the expansion in the automotive industry in the region. The automotive ceramic matrix composites market in Middle East & Africa is also likely to expand in the near future. 

The global automotive ceramic matrix composites market is slightly consolidated, with the U.S. and China being prominent manufacturers of composites. However, several manufacturers operate around the world. Key players in the automotive ceramic matrix composites market include SGL Group, Ceramtec, Composites Horizons, ATK/COI Ceramics, United Technologies Aerospace Systems, and COI Ceramics Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

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?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Ceramic Matrix Composites Market

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