Global Functional Safety Market report published by Reports and Data is a comprehensive research report that analyzes revenue growth at global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub segment. The report provides key information about Market size, Market share, Market revenue, top companies, sales and distribution channels ... Read more

The global Functional Safety Market is estimated to be valued at US$ 5767.57 Mn or Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The Functional Safety market consists of safety instrumentation systems and safety-rated I/O modules that are used to implement and monitor safety ... Read more

Functional safety refers to the part of the overall safety of a system or piece of equipment that depends on electronic/electrical/programmable electronic safety-related systems to work correctly in demand with other safety-related systems to achieve or maintain a safe state for the equipment/machinery and human operators, where a failure could directly or indirectly endanger human life or health. Owing to the rising complexity of industrial equipment and machinery along with stringent ... Read more