The Global Automotive Brakes Market is projected to reach USD 42.13 billion by 2028, growing at a CAGR of 6.5% during the forecast period. The main function of automotive brakes is to reduThe Global Automotive Brakes Market is projected to reach USD 42.13 billion by 2028, growing at a CAGR of 6.5% during the forecast period. The main function of automotive brakes is to reduce vehicle speed and halt the vehicle. In recent years the development of smart braking systems has resulted in a decrease in the number of accidents.ce vehicle speed and halt the vehicle. In recent years the development of smart braking systems has resulted in a decrease in the number of accidents.