Pirelli's motorsport director Paul Hembery believes Formula 1 will see 'a significant reduction in lap times' and expects lap records to be broken around a number of Grand Prix circuits this season.

The tyre manufacturer has collated its lap time data from last weekend's Australian Grand Prix and compared it to the 2014 race which shows a vast improvement in times from Free Practice 1 to the race itself.

Pirelli demonstrated the quickest lap time recorded last year was a 1m 29.375s in Free Practice 3 on the soft tyre but that time was smashed by three seconds after Lewis Hamilton set his pole position lap of 1m 26.327s.

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There was also an eye-catching jump in the fastest race lap with Hamilton's 1m 30.945s on the medium tyre going 1.5 seconds faster than last year's record set by Nico Rosberg (1m 32.478s) on the soft tyre.

With such a large gap created in the 12 month period, Hembery says lap records could tumble at other tracks when the tyres are working at their optimum level.

"These figures underline what we expected to see following pre-season testing: a significant reduction in lap times, with cars that will only get faster as the year goes on," he said. "We could even see some new lap records on certain circuits.

"With this in mind, we have introduced evolutions to the rear structure of all our 2015 tyres this year, in order to give them greater capability in handling the extreme demands placed on them."