Automotive Carbon Ceramic Brakes are Fastest Growing Segment Fueling Growth of Automotive Carbon Ceramic Brakes Market

Automotive Carbon Ceramic Brakes Market

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:
Carbon ceramic brakes are made from a carbon-fiber-reinforced ceramic silicon carbide material. They are lightweight and can withstand higher temperatures compared to conventional brakes. Carbon ceramic brakes offer improved braking power, less wear and longer lifespan.

Market key trends:
One of the key trends in the automotive carbon ceramic brakes market is the growing demand for lightweight braking systems. Carbon ceramic brakes are around 40% lighter than traditional cast iron brakes. This directly improves the performance of sports and luxury vehicles due to reduction in unsprung and rotating mass. Their lightweight property along with high-temperature and corrosion resistance makes them an ideal choice for use in hybrid and electric vehicles. The lighter weight of carbon ceramic brakes helps improve the driving range of EVs and hybrids.
Segment Analysis
The global automotive carbon ceramic brakes market is dominated by the passenger cars segment. Over 60% of the total market share is captured by the passenger cars segment owing to increasing demand for high-performance sports cars and supercars which extensively use carbon ceramic brakes. Carbon ceramic brakes offer better performance, high thermal resistance, and longer lifespan as compared to conventional brakes which makes them a desirable choice for high-end sports cars.

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 solutions in high-performance vehicles.

Regional analysis
Europe captures over 35% of the global market share led by the presence of major automakers in Germany. However, Asia Pacific is expected to grow at the fastest rate owing to rising vehicular production and sales in China and India.

Key players
Key players operating in the automotive carbon ceramic brakes market are 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).

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