Automotive Carbon Ceramic Brake Market Overview
As per MRFR analysis, the Automotive Carbon Ceramic Brake Market Size was estimated at 465.3 (USD Billion) in 2022. The Automotive Carbon Ceramic Brake Market Industry is expected to grow from 588.93 (USD Billion) in 2023 to 1,568.26 (USD Billion) by 2032. The Automotive Carbon Ceramic Brake Market CAGR (growth rate) is expected to be around 10.90% during the forecast period (2024 - 2032).
Key Automotive Carbon Ceramic Brake Market Trends Highlighted
The automotive carbon ceramic brake market is affected by the following key market drivers, among others strict emission regulations, an increasing number of electric and hybrid cars, and a growing demand for high-performance braking systems. Carbon ceramic brakes are ideal for electric and hybrid vehicles, considering that these vehicles need lighter and more efficient braking systems due to reasons like regenerative braking. Furthermore, the adoption of carbon ceramic brakes is being driven by the need for better braking performance in high-performance vehicles.
Opportunities in the automotive carbon ceramic brake market include the development of novel breaking materials, the merging of carbon ceramic brakes into advanced safety systems, and the entry into new markets. Technological advancements in braking materials can further enhance the performance and durability of carbon ceramic brakes, while integration with safety systems can provide additional benefits such as automatic emergency braking and lane departure warning. Emerging markets like Asia-Pacific and South America have large growth prospects due to increasing demand for high-performance vehicles and escalating emission regulations. Another trend is the rising popularity of luxury cars that use carbon ceramic brakes; this has led to more manufacturers using them for their products, hence reducing costs.
Carbon ceramic brakes are becoming more popular in high-end vehicles because they offer better braking power along with a lighter overall weight. The utilization of improved manufacturing approaches is also lowering the cost of carbon-ceramic brake pads, allowing them to be used even in smaller cars. In addition, carmakers are now focusing on sustainability, which explains why environmental consciousness is being factored into the construction of carbon-based brake components.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Carbon Ceramic Brake Market Drivers
Increasing Demand for High-Performance Vehicles
A primary factor driving the Automotive Carbon Ceramic Brake Market Industry is the increasing popularity of cars with a high level of performance. Such vehicles include, but are not limited to, sports cars and luxury sedans. They are characterized by high speeds as well as high loads, meaning that brakes are to be of a high level of performance as well. Carbon ceramic brakes are the perfect fit for such applications, offering a high level of stopping power, fading resistance, and durability.With the growing popularity of high-performance vehicles, the demand for carbon ceramic brakes is bound to increase.
Technological Advancements in Carbon Ceramic Brake Systems
Technological innovation is also driving the Automotive Carbon Ceramic Brake Market Industry. Manufacturers are focused on developing the systems in such a way that they are more reliable and cost-effective. Thus, they are continually updating the process, material, and design. This is a driving factor for the growth of the Automotive Carbon Ceramic Brake Market Industry because the innovations are making the systems more accessible to different types of vehicles.
Government Regulations on Vehicle Safety
Government regulations regarding vehicle safety are another key driver of the Automotive Carbon Ceramic Brake market industry. The regulations are becoming more vivid, and vehicles need to be equipped with advanced safety systems. They can be met by the use of carbon ceramic brakes because they can provide a vehicle with superior stopping power and fade resistance. As governments all over the world implement stronger safety regulations, the demand for carbon ceramic brakes is also expected to increase.
Automotive Carbon Ceramic Brake Market Segment Insights
Automotive Carbon Ceramic Brake Market Vehicle Type Insights
The Automotive Carbon Ceramic Brake Market is segmented by Vehicle Type into Passenger Cars, Sports Cars, Supercars, Luxury Vehicles, and Heavy-Duty Vehicles. Among these segments, Passenger Cars held the largest market share in 2023, accounting for over 55% of the global market revenue. The growing demand for high-performance vehicles, combined with increasing safety regulations, is driving the growth of the carbon ceramic brake market in this segment. Sports Cars and Supercars are also expected to witness significant growth in the coming years due to the rising popularity of motorsports and the increasing number of high-net-worth individuals.
Luxury Vehicles and Heavy-Duty Vehicles are expected to have a moderate growth rate, as these vehicles typically require higher-performance braking systems to ensure safety and stability. The increasing adoption of carbon ceramic brakes in commercial vehicles is expected to further drive the growth of the market in this segment. Overall, the Automotive Carbon Ceramic Brake Market is expected to witness significant growth in the coming years, driven by increasing demand for high-performance vehicles, stringent safety regulations, and technological advancements.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Carbon Ceramic Brake Market Brake Type Insights
The Automotive Carbon Ceramic Brake Market is segmented by Brake Type into Front Brakes, Rear Brakes, and Front and Rear Brakes. The Front Brakes segment led the market with a share of over 65% in 2023 and is projected to continue its dominance over the forecast period due to the increased demand for High-Performance Vehicles and luxury cars. The Front and Rear Brakes segment is expected to witness a significant growth rate during the forecast period, owing to the growing popularity of sports cars and racing vehicles.
Automotive Carbon Ceramic Brake Market Caliper Type Insights
The caliper type segment of the Automotive Carbon Ceramic Brake Market is bifurcated into fixed calipers, floating calipers, and radial-mount calipers. Fixed calipers are the most common type of caliper used in automotive carbon ceramic brakes. They are mounted rigidly to the brake rotor and do not move relative to it. Floating calipers, on the other hand, are mounted on a bracket that allows them to move slightly relative to the brake rotor. This allows for more even wear of the brake pads and rotors. Radial-mount calipers are a type of floating caliper that is mounted radially to the brake rotor.This provides for increased rigidity and better heat dissipation. The growth of this segment is attributed to the increasing demand for high-performance braking systems in luxury and sports cars.
Automotive Carbon Ceramic Brake Market Disc Type Insights
The Automotive Carbon Ceramic Brake Market is segmented into various disc types, including cross-drilled discs, slotted discs, drilled and slotted discs, wave discs, and two-piece discs. Among these, cross-drilled discs are expected to hold a significant market share in the coming years. The Automotive Carbon Ceramic Brake Market for cross-drilled discs is projected to reach USD 1.5 billion by 2024, exhibiting a CAGR of 12.5% during the forecast period. The increasing demand for high-performance braking systems in luxury and sports cars is primarily driving the growth of the cross-drilled discs segment.Additionally, the rising popularity of carbon ceramic brakes due to their superior heat dissipation and fade resistance is further contributing to the segment's growth.
Automotive Carbon Ceramic Brake Market Size of Disc Insights
The size of the disc is a key factor in determining the performance of a carbon ceramic brake. Smaller discs are lighter and have less thermal mass, which allows them to cool down more quickly. This makes them ideal for vehicles that are used for track driving or other high-performance applications. Larger discs have more thermal mass, which allows them to absorb more heat without fading. This makes them ideal for vehicles that are used for towing or other heavy-duty applications. In 2023, the Automotive Carbon Ceramic Brake market was segmented by size of the disc into three categories small (less than 330 mm), medium (330-360 mm), and large (over 360 mm).The small disc segment is expected to account for the largest share of the market in 2023, followed by the medium disc segment and the large disc segment.
The small disc segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing popularity of lightweight vehicles. The medium disc segment is expected to grow at a steady CAGR, while the large disc segment is expected to grow at a slightly slower CAGR. The Automotive Carbon Ceramic Brake Market is expected to grow from USD 6.5 billion in 2023 to USD 29.4 billion by 2032, at a CAGR of 18.27% over the forecast period.The growth of the market is attributed to the increasing demand for carbon ceramic brakes in high-performance vehicles, as well as the growing popularity of lightweight vehicles.
Automotive Carbon Ceramic Brake Market Regional Insights
The Automotive Carbon Ceramic Brake Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to dominate the market in 2023 with a market size of USD 2.5 billion, owing to the presence of major automotive manufacturers and high demand for luxury vehicles. Europe is expected to be the second-largest market, with a market size of USD 2 billion in 2023. The APAC region is expected to grow at the highest CAGR of 19.5% during the forecast period due to the increasing demand for carbon ceramic brakes in China and India.South America and MEA are expected to account for a smaller share of the market in 2023 but are expected to grow at a steady pace in the coming years.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Carbon Ceramic Brake Market Key Players and Competitive Insights
Major players in the Automotive Carbon Ceramic Brake Market industry are continuously striving to maintain their competitive edge and expand their market share. Leading Automotive Carbon Ceramic Brake Market players are investing heavily in research and development to introduce innovative and advanced products. They are also focusing on expanding their distribution networks and strengthening their relationships with key stakeholders in the supply chain. The development of the automotive carbon ceramic brake market is expected to be driven by the growing demand for high-performance braking systems in automotive applications.
Key players are also entering into strategic partnerships and collaborations to enhance their capabilities and gain a competitive advantage in the market.Brembo S.p.A., a leading company in the Automotive Carbon Ceramic Brake Market, has a strong focus on innovation and technology. The company offers a wide range of carbon ceramic brake systems for various automotive applications, including passenger cars, racing cars, and motorcycles. Brembo has a global presence and supplies its products to leading automotive manufacturers. The company's commitment to research and development has enabled it to develop advanced carbon ceramic brake systems that meet the demanding requirements of high-performance vehicles. Brembo's strong brand reputation and extensive distribution network contribute to its competitive position in the market.A competitor company in the Automotive Carbon Ceramic Brake Market, Akebono Brake Corporation, is known for its expertise in friction materials.
The company offers a range of carbon ceramic brake pads and rotors for passenger cars, light commercial vehicles, and heavy-duty trucks. Akebono has a strong presence in the aftermarket and supplies its products to automotive parts distributors and repair shops worldwide. The company's focus on quality and performance has earned it a reputation for reliability and durability. Akebono's strategic partnerships with leading automotive manufacturers and its commitment to customer satisfaction have contributed to its competitive position in the market.
Key Companies in the Automotive Carbon Ceramic Brake Market Include
- Mitsubishi Electric Corporation
- Jurid GmbH
- KYB Corporation
- Nisshinbo Holdings Inc.
- Saint-Gobain S.A.
- TMD Friction Group
- Akebono Brake Industry Co., Ltd.
- Brembo S.p.A.
- Morgan Advanced Materials plc
- Hitachi Automotive Systems, Ltd.
- Carbone Industrie SA
- SGL Carbon SE
- ZF Friedrichshafen AG
- Robert Bosch GmbH
- Hyundai WIA Corporation
Automotive Carbon Ceramic Brake Market Industry Developments
The Automotive Carbon Ceramic Brake Market is poised to witness significant growth over the forecast period, driven by rising demand for high-performance vehicles and increasing adoption of carbon ceramic brakes in racing and luxury cars. Key trends shaping the market include technological advancements, such as the development of lighter and more durable brake pads and the growing popularity of electric vehicles, which require specialized braking systems. Major players in the market are focusing on expanding their product portfolios and investing in research and development to gain a competitive edge.
Recent news developments include the launch of new carbon ceramic brake products by Brembo and Akebono, as well as strategic partnerships between automotive manufacturers and brake suppliers to develop customized braking solutions. The market is expected to face challenges related to high production costs and the availability of raw materials, but overall, the outlook for the Automotive Carbon Ceramic Brake Market remains positive, with a projected CAGR of 18.27% from 2024 to 2032.
Automotive Carbon Ceramic Brake Market Segmentation Insights
Automotive Carbon Ceramic Brake Market Vehicle Type Outlook
- Passenger Cars
- Sports Cars
- Supercars
- Luxury Vehicles
- Heavy-Duty Vehicles
Automotive Carbon Ceramic Brake Market Brake Type Outlook
- Front Brakes
- Rear Brakes
- Front and Rear Brakes
Automotive Carbon Ceramic Brake Market Caliper Type Outlook
- Fixed Calipers
- Floating Calipers
- Radial-Mount Calipers
Automotive Carbon Ceramic Brake Market Disc Type Outlook
- Cross-Drilled Discs
- Slotted Discs
- Drilled and Slotted Discs
- Wave Discs
- Two-Piece Discs
Automotive Carbon Ceramic Brake Market Size of Disc Outlook
- Small (less than 330 mm)
- Medium (330-360 mm)
- Large (over 360 mm)
Automotive Carbon Ceramic Brake Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
465.3 (USD Billion) |
| Market Size 2023 |
588.93 (USD Billion) |
| Market Size 2032 |
1,568.26 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.90% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Mitsubishi Electric Corporation, Jurid GmbH, KYB Corporation, Nisshinbo Holdings Inc., Saint-Gobain S.A., TMD Friction Group, Akebono Brake Industry Co., Ltd., Brembo S.p.A., Morgan Advanced Materials plc, Hitachi Automotive Systems, Ltd., Carbone Industrie SA, SGL Carbon SE, ZF Friedrichshafen AG, Robert Bosch GmbH, Hyundai WIA Corporation |
| Segments Covered |
Vehicle Type, Brake Type, Caliper Type, Disc Type, Size of Disc, Regional |
| Key Market Opportunities |
1 Lightweight and durable materials for enhanced vehicle performance2 Growing demand for high-performance vehicles and racing applications3 Government regulations emphasizing safety and emissions reduction4 Advancements in manufacturing and design processes5 Technological innovations for improved braking efficiency |
| Key Market Dynamics |
Increased Demand for HighPerformance Vehicles Government Regulations on Emissions and Safety Technological Advancements in Carbon Ceramic Composite Materials Growing Popularity of Electric Vehicles Increasing Consumer Preference for Lightweight Components |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
In 2023, the Automotive Carbon Ceramic Brake Market is projected to reach an overall valuation of 588.93 Billion USD.
From 2024 to 2032, the Automotive Carbon Ceramic Brake Market is anticipated to exhibit a robust CAGR of 10.90%.
North American region is projected to dominate the Automotive Carbon Ceramic Brake Market by 2032, owing to the increasing demand for high-performance vehicles in countries like China and India.
The growing popularity of electric vehicles, the increasing demand for lightweight and high-performance vehicles, and the stringent government regulations on emissions are the primary factors fueling the growth of the Automotive Carbon Ceramic Brake Market.
Some of the prominent players in the Automotive Carbon Ceramic Brake Market include Brembo S.p.A., Akebono Brake Industry Co., Ltd., Hitachi Automotive Systems, Ltd., and SGL Carbon SE.
Carbon ceramic brakes are primarily used in high-performance vehicles, such as sports cars, luxury cars, and racing cars. They offer superior braking performance compared to traditional brake systems.
