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Alongside him will be Schumacher at Mercedes, McLaren's title-winning British duo of Lewis Hamilton and Jenson Button, Ferrari's two-time winner Fernando Alonso and the returning 2007 champion Kimi Raikkonen at Lotus.
CNN: F1 champion Vettel: Red Bull will be slower in 2012
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Strong performances in Australia and China, where Alonso raced to a dominant victory for Ferrari, continue to give Ferrari hope that they can still challenge their main rivals Red Bull, Lotus and Mercedes in the title hunt when racing resumes in the Spanish city of Barcelona on May 12.
CNN: Ferrari boss: 'We have to be perfect'
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Lotus is currently second in the constructors' standings, ahead of Ferrari and Mercedes.
WSJ: Tire Trauma as Formula One Stars Feel Heat