Functional Safety Market by Safety Sensors (Emergency Stop, Temperature, Pressure, Gas), Safety Light Curtain, Safety Controller, Programmable Safety System, Safety Switches, TIC Analysis Type (Fault & Event Analysis), Robotics – Global Forecast to 2029

Functional Safety Market by Safety Sensors (Emergency Stop, Temperature, Pressure, Gas), Safety Light Curtain, Safety Controller, Programmable Safety System, Safety Switches, TIC Analysis Type (Fault & Event Analysis), Robotics – Global Forecast to 2029

The global functional safety market was valued at USD 5,883.4 million in 2024 and is projected to reach USD 7,896.7 million by 2029; it is expected to register a CAGR of 6.1% during the forecast period. Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities is driving the functional safety market. Whereas high installation and maintenance costs is restraining the growth of the functional safety market.

“Emergency Shutdown System (ESD) segment is expected to hold the largest market share throughout the forecast period.”

An ESD system is used to manage emergencies, especially those that can lead to the release of hydrocarbons, uncontrolled flood, or fire outbreaks in areas where the materials stored are hazardous. Such emergencies can lead to the stoppage of a plant, unit or equipment. Concha, sensors relating to ESD capture specific states and logic solvers act on these sensors to put final items like valves and pumps to a safe state. In the event of a problem, the ESD system removes power from the process, but at the same time in a controlled manner.

Furthermore, ESD systems are essential in multiple sectors, such as oil & gas, chemicals, power generation, manufacturing, and water treatment. They act promptly on their own in situations like leakage, fire, or system failure where they shut down the equipment, safeguard the workers, and observe various measures and codes of safety.

“Non-robotic application of functional safety is expected to hold the largest market share during the forecast period.”

The functional safety market for non-robotic application is expected to have the largest market share during the forecast period as functional safety is more of an imperative and has a lot to offer high-risk industries such as manufacturing, oil and gas industry and power generation industries. These are regulatory requirements such as IEC 61508/ 61511 or other regulations that govern use of many safety critical systems, need for protection of assets and machinery.

""Oil & Gas segment is likely to hold the largest market in 2024.”

The global functional safety market is expected to register the largest portion of oil and a gas segment in 2024. The oil & gas industry experience several risks and hazards which causes serious mishap to people, assets and/or the environment. In the industry, different types of safety instrumented systems (SIS) are deployed towards achieving functional safety. A control and protection scheme for example is the Emergency Shutdown (ESD) systems that enable inhibition of a couple of systems and apparatus in an endeavor to reduce the impact of the emergent situation. They also segregate hydrocarbon stock, electrical equipment and emergency blowers and ventilation systems to give right response in the event of fire.

Additionally, High Integrity Pressure Protection System (HIPPS) safeguards the pipelines, vessels and process packages against over pressure. Some of the industries’ players that deliver functional safety systems and safety devices include ABB Ltd, Siemens, and Schneider Electric.

“The Germany is to contribute the highest market share of European region during the forecast period.”

Germany is predicted to be the highest market share of European region during the forecast period. In Germany, machine and functional safety measures are strictly followed under various regulatory standards. The IEC 61508 standard has been adopted and published as DIN EN 61508 by the German Institute for Standardization (DIN). The machinery supplied and in operation in Europe is required to comply with this functional safety standard. The national-level regulatory standards and EU directives present in this country are increasing the demand for safety-related systems, which, in turn, is driving the growth of the functional safety market.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

By Company Type - Tier 1 – 51%, Tier 2 – 32%, Tier 3 – 17%

By Designation— C-level Executives - 47%, Directors - 32%, Others - 21%

By Region—North America - 36%, Europe - 29%, Asia Pacific - 27%, RoW - 8%

The functional safety market is dominated by a few globally established players such as Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), General Electric (US), Siemens (Germany), Siemens (Germany), Stratasys (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser Group Services AG (Switzerland). The study includes an in-depth competitive analysis of these key players in the functional safety market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the functional safety market and forecasts its size by system, device, service, application, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the functional safety ecosystem.

Key Benefits to Buy the Report:

Analysis of key drivers (Enforcement of stringent safety regulations by the government, Increasing investment in oil and gas plants to meet energy demand, Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities, Rapid digital transformation to revolutionize traditional manufacturing), Restraint (High installation and maintenance costs, Complexities associated with development and integration), Opportunity (Rising emphasis on workplace safety in developed countries, Increasing deployment of IIoT technology in industries), Challenges (Complexities related to designing systems that comply with complex safety standards

Requirement of functional safety systems specialized expertise for Implementation and maintenance)

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the functional safety market.

Market Development: Comprehensive information about lucrative markets – the report analyses the functional safety market across varied regions

Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the functional safety market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), General Electric (US), Siemens (Germany), Siemens (Germany), Stratasys (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), among others in the functional safety market.

Tables List

Table 1 Functional Safety Market: Risk Analysis

Table 2 Indicative Pricing Of Functional Safety Solutions Offered By Key Players, By Device, 2023 (Usd)

Table 3 Indicative Pricing Of Functional Safety Solutions, 2023 (Usd)

Table 4 Average Selling Price Trend Of Functional Safety Solutions,

By Device, 2020–2023 (Usd Thousand)

Table 5 Role Of Companies In Functional Safety Ecosystem

Table 6 List Of Major Patents, 2021–2023

Table 7 Import Data For Hs Code 8481-compliant Products, By Country,

2019–2023 (Usd Million)

Table 8 Export Data For Hs Code 8481-compliant Products, By Country,

2019–2023 (Usd Million)

Table 9 List Of Key Conferences & Events, 2025–2026

Table 10 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 11 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 12 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 13 Row: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 14 Standards For Functional Safety Devices

Table 15 Porter’s Five Forces Analysis

Table 16 Influence Of Stakeholders On Buying Process For Top 3 Industries

Table 17 Key Buying Criteria For Top 3 Industries

Table 18 Functional Safety Market, By Application, 2020–2023 (Usd Million)

Table 19 Functional Safety Market, By Application, 2024–2029 (Usd Million)

Table 20 Robotic: Functional Safety Market, By Robot Type,

2020–2023 (Usd Million)

Table 21 Robotic: Functional Safety Market, By Robot Type,

2024–2029 (Usd Million)

Table 22 Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 23 Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 24 Functional Safety Market, By Device, 2020–2023 (Thousand Units)

Table 25 Functional Safety Market, By Device, 2024–2029 (Thousand Units)

Table 26 Safety Sensors: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 27 Safety Sensors: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 28 Safety Controllers/Modules/Relays: Functional Safety Market,

By System, 2020–2023 (Usd Million)

Table 29 Safety Controllers/Modules/Relays: Functional Safety Market,

By System, 2024–2029 (Usd Million)

Table 30 Programmable Safety Systems: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 31 Programmable Safety Systems: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 32 Safety Switches: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 33 Safety Switches: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 34 Valves: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 35 Valves: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 36 Actuators: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 37 Actuators: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 38 Three Common Types Of Emergency Stop Devices

Table 39 Emergency Stop Devices: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 40 Emergency Stop Devices: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 41 Other Devices: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 42 Other Devices: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 43 Functional Safety Market, By Service, 2020–2023 (Usd Million)

Table 44 Functional Safety Market, By Service, 2024–2029 (Usd Million)

Table 45 Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 46 Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 47 Emergency Shutdown Systems: Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 48 Emergency Shutdown Systems: Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 49 Emergency Shutdown Systems: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 50 Emergency Shutdown Systems: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 51 Emergency Shutdown Systems: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 52 Emergency Shutdown Systems: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 53 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Device, 2020–2023 (Usd Million)

Table 54 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Device, 2024–2029 (Usd Million)

Table 55 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Industry, 2020–2023 (Usd Million)

Table 56 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Industry, 2024–2029 (Usd Million)

Table 57 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Region, 2020–2023 (Usd Million)

Table 58 Fire & Gas Monitoring Control Systems: Functional Safety Market,

By Region, 2024–2029 (Usd Million)

Table 59 Turbomachinery Control Systems: Functional Safety Market,

By Device, 2020–2023 (Usd Million)

Table 60 Turbomachinery Control Systems: Functional Safety Market,

By Device, 2024–2029 (Usd Million)

Table 61 Turbomachinery Control Systems: Functional Safety Market,

By Industry, 2020–2023 (Usd Million)

Table 62 Turbomachinery Control Systems: Functional Safety Market,

By Industry, 2024–2029 (Usd Million)

Table 63 Turbomachinery Control Systems: Functional Safety Market,

By Region, 2020–2023 (Usd Million)

Table 64 Turbomachinery Control Systems: Functional Safety Market,

By Region, 2024–2029 (Usd Million)

Table 65 Burner Management Systems: Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 66 Burner Management Systems: Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 67 Burner Management Systems: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 68 Burner Management Systems: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 69 Burner Management Systems: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 70 Burner Management Systems: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 71 High Integrity Pressure Protection Systems: Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 72 High Integrity Pressure Protection Systems: Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 73 High Integrity Pressure Protection Systems: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 74 High Integrity Pressure Protection Systems: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 75 High Integrity Pressure Protection Systems: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 76 High Integrity Pressure Protection Systems: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 77 Distributed Control Systems: Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 78 Distributed Control Systems: Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 79 Distributed Control Systems: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 80 Distributed Control Systems: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 81 Distributed Control Systems: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 82 Distributed Control Systems: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 83 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Device, 2020–2023 (Usd Million)

Table 84 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Device, 2024–2029 (Usd Million)

Table 85 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 86 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 87 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 88 Supervisory Control & Data Acquisition Systems: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 89 Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 90 Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 91 Oil & Gas: Functional Safety Market, By Stream,

2020–2023 (Usd Million)

Table 92 Oil & Gas: Functional Safety Market, By Stream,

2024–2029 (Usd Million)

Table 93 Oil & Gas: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 94 Oil & Gas: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 95 Oil & Gas: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 96 Oil & Gas: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 97 Power Generation: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 98 Power Generation: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 99 Power Generation: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 100 Power Generation: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 101 Chemicals: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 102 Chemicals: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 103 Chemicals: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 104 Chemicals: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 105 Food & Beverages: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 106 Food & Beverages: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 107 Food & Beverages: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 108 Food & Beverages: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 109 Water & Wastewater Treatment: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 110 Water & Wastewater Treatment: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 111 Water & Wastewater Treatment: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 112 Water & Wastewater Treatment: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 113 Pharmaceuticals: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 114 Pharmaceuticals: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 115 Pharmaceuticals: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 116 Pharmaceuticals: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 117 Metals & Mining: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 118 Metals & Mining: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 119 Metals & Mining: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 120 Metals & Mining: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 121 Automotive: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 122 Automotive: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 123 Automotive: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 124 Automotive: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 125 Aerospace: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 126 Aerospace: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 127 Aerospace: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 128 Aerospace: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 129 Railways: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 130 Railways: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 131 Railways: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 132 Railways: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 133 Medical: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 134 Medical: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 135 Medical: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 136 Medical: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 137 Other Industries: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 138 Other Industries: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 139 Other Industries: Functional Safety Market, By Region,

2020–2023 (Usd Million)

Table 140 Other Industries: Functional Safety Market, By Region,

2024–2029 (Usd Million)

Table 141 Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 142 Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 143 Europe: Functional Safety Market, By Country, 2020–2023 (Usd Million)

Table 144 Europe: Functional Safety Market, By Country, 2024–2029 (Usd Million)

Table 145 Europe: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 146 Europe: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 147 Europe: Functional Safety Market, By Industry,

2020–2023 (Usd Million)

Table 148 Europe: Functional Safety Market, By Industry,

2024–2029 (Usd Million)

Table 149 North America: Functional Safety Market, By Country,

2020–2023 (Usd Million)

Table 150 North America: Functional Safety Market, By Country,

2024–2029 (Usd Million)

Table 151 North America: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 152 North America: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 153 North America: Functional Safety Market, By Industry,

2020–2023 (Usd Million)

Table 154 North America: Functional Safety Market, By Industry,

2024–2029 (Usd Million)

Table 155 Asia Pacific: Functional Safety Market, By Country,

2020–2023 (Usd Million)

Table 156 Asia Pacific: Functional Safety Market, By Country,

2024–2029 (Usd Million)

Table 157 Asia Pacific: Functional Safety Market, By System,

2020–2023 (Usd Million)

Table 158 Asia Pacific: Functional Safety Market, By System,

2024–2029 (Usd Million)

Table 159 Asia Pacific: Functional Safety Market, By Industry,

2020–2023 (Usd Million)

Table 160 Asia Pacific: Functional Safety Market, By Industry,

2024–2029 (Usd Million)

Table 161 Row: Functional Safety Market, By Region, 2020–2023 (Usd Million)

Table 162 Row: Functional Safety Market, By Region, 2024–2029 (Usd Million)

Table 163 Middle East: Functional Safety Market, By Country,

2020–2023 (Usd Million)

Table 164 Middle East: Functional Safety Market, By Country,

2024–2029 (Usd Million)

Table 165 Row: Functional Safety Market, By System, 2020–2023 (Usd Million)

Table 166 Row: Functional Safety Market, By System, 2024–2029 (Usd Million)

Table 167 Row: Functional Safety Market, By Industry, 2020–2023 (Usd Million)

Table 168 Row: Functional Safety Market, By Industry, 2024–2029 (Usd Million)

Table 169 Functional Safety Market: Overview Of Strategies Adopted

By Key Players, January 2022–september 2024

Table 170 Functional Safety Market: Degree Of Competition, 2023

Table 171 Functional Safety Market: Region Footprint

Table 172 Functional Safety Market: Industry Footprint

Table 173 Functional Safety Market: Device Footprint

Table 174 Functional Safety Market: System Footprint

Table 175 Functional Safety Market: Detailed List Of Key Startups/Smes

Table 176 Functional Safety Market: Competitive Benchmarking Of Key Startups/Smes

Table 177 Functional Safety Market: Product Launches,

January 2022–september 2024

Table 178 Functional Safety Market: Deals, January 2022–september 2024

Table 179 Functional Safety Market: Expansions, January 2022–september 2024

Table 180 Functional Safety Market: Other Developments,

January 2022–september 2024

Table 181 Schneider Electric: Company Overview

Table 182 Schneider Electric: Products/Solutions/Services Offered

Table 183 Schneider Electric: Product Launches

Table 184 Abb: Company Overview

Table 185 Abb: Products/Solutions/Services Offered

Table 186 Abb: Product Launches

Table 187 Abb: Deals

Table 188 Honeywell International Inc.: Company Overview

Table 189 Honeywell International Inc.: Products/Solutions/Services Offered

Table 190 Honeywell International Inc.: Product Launches

Table 191 Honeywell International Inc.: Expansions

Table 192 Emerson Electric Co.: Company Overview

Table 193 Emerson Electric Co.: Products/Solutions/Services Offered

Table 194 Emerson Electric Co.: Product Launches

Table 195 Rockwell Automation: Company Overview

Table 196 Rockwell Automation: Products/Solutions/Services Offered

Table 197 Rockwell Automation: Product Launches

Table 198 Yokogawa Electric Corporation: Company Overview

Table 199 Yokogawa Electric Corporation: Products/Solutions/Services Offered

Table 200 Yokogawa Electric Corporation: Product Launches

Table 201 Yokogawa Electric Corporation: Other Developments

Table 202 Hima: Company Overview

Table 203 Hima: Products/Solutions/Services Offered

Table 204 Hima: Product Launches

Table 205 General Electric Company: Company Overview

Table 206 General Electric Company: Products/Solutions/Services Offered

Table 207 Omron Corporation: Company Overview

Table 208 Omron Corporation: Products/Solutions/Services Offered

Table 209 Siemens: Company Overview

Table 210 Siemens: Products/Solutions/Services Offered

Table 211 Johnson Controls Inc.: Company Overview

Table 212 Johnson Controls Inc.: Products/Solutions/Services Offered

Table 213 Johnson Controls Inc.: Product Launches

Table 214 Johnson Controls Inc.: Expansions

Table 215 Dekra: Company Overview

Table 216 Dekra: Products/Solutions/Services Offered

Table 217 Dekra: Other Developments

Table 218 Tüv Rheinland: Company Overview

Table 219 Tüv Rheinland: Products/Solutions/Services Offered

Table 220 Tüv Rheinland: Deals

Table 221 Balluff Gmbh: Company Overview

Table 222 Balluff Gmbh: Products/Solutions/Services Offered

Table 223 Endress+Hauser Group Services Ag: Company Overview

Table 224 Endress+Hauser Group Services Ag: Products/Solutions/Services Offered

Table 225 Endress+Hauser Group Services Ag: Deals

Figures List

Figure 1 Functional Safety Market: Research Design

Figure 2 Functional Safety Market: Bottom-up Approach

Figure 3 Functional Safety Market: Top-down Approach

Figure 4 Functional Safety Market Size Estimation Methodology (Supply Side)

Figure 5 Functional Safety Market: Data Triangulation

Figure 6 Functional Safety Market: Research Assumptions

Figure 7 Functional Safety Market, 2020–2029 (Usd Million)

Figure 8 Programmable Safety Systems Segment To Record Highest Cagr In Functional Safety Market During Forecast Period

Figure 9 Emergency Shutdown Systems Segment To Hold Largest Market

Share In 2024

Figure 10 Design, Engineering & Maintenance Segment To Hold Largest

Market Share In 2029

Figure 11 Non-robotic Segment Accounted For Larger Market Share In 2023

Figure 12 Oil & Gas Segment To Dominate Functional Safety Market Between 2024 And 2029

Figure 13 Asia Pacific To Exhibit Highest Cagr In Functional Safety Market From 2024 To 2029

Figure 14 Rising Implementation Of Strict Mandates And Safety Regulations To Fuel Market Growth During Forecast Period

Figure 15 Safety Sensors To Capture Largest Market Share From 2024 To 2029

Figure 16 Fire & Gas Monitoring Control Systems Segment To Register

Highest Cagr From 2024 To 2029

Figure 17 Oil & Gas Segment To Capture Largest Share Of Functional Safety Market In 2029

Figure 18 Europe To Dominate Functional Safety Market During Forecast Period

Figure 19 China To Exhibit Highest Cagr In Global Functional Safety

Market From 2024 To 2029

Figure 20 Drivers, Restraints, Opportunities, And Challenges

Figure 21 Impact Analysis: Drivers

Figure 22 Impact Analysis: Restraints

Figure 23 Impact Analysis: Opportunities

Figure 24 Impact Analysis: Challenges

Figure 25 Trends/Disruptions Impacting Customer Business

Figure 26 Process Flow Analysis

Figure 27 Average Selling Price Trend Of Functional Safety Solutions Offered By Key Players, By Device, 2023

Figure 28 Average Selling Price Trend Of Functional Safety Solutions,

By Device, 2020–2023

Figure 29 Average Selling Price Trend Of Functional Safety Solutions,

By Region, 2020–2023

Figure 30 Supply Chain Analysis

Figure 31 Ecosystem Analysis

Figure 32 Patent Applied And Granted, 2014–2023

Figure 33 Import Data For Hs Code 8481-compliant Products For Top 5 Countries, 2019−2023

Figure 34 Export Data For Hs Code 8481-compliant Products For Top 5 Countries, 2019−2023

Figure 35 Investment And Funding Scenario, 2020–2024

Figure 36 Porter’s Five Forces Analysis

Figure 37 Influence Of Stakeholders On Buying Process For Top 3 Industries

Figure 38 Key Buying Criteria For Top 3 Industries

Figure 39 Ai Use Cases

Figure 40 Percentage Contributions Of Sil Types For Functional

Safety Systems, 2023

Figure 41 Percentage Contribution Of Sales Channels Of Functional Safety, 2023

Figure 42 Non-robotic Segment Accounted For Larger Share Of Functional Safety Market In 2023

Figure 43 Functional Safety Market, By Device

Figure 44 Safety Sensors Segment To Hold Largest Share Of Functional Safety Market In 2024

Figure 45 Functional Safety Market, By Service

Figure 46 Functional Safety Market, By System

Figure 47 Emergency Shutdown Systems Segment To Capture Largest Share Of Functional Safety Market In 2029

Figure 48 Functional Safety Market, By Industry

Figure 49 Oil & Gas Segment To Hold Largest Share Of Functional Safety Market In 2029

Figure 50 Functional Safety Market, By Region

Figure 51 Europe: Functional Safety Market Snapshot

Figure 52 Germany To Register Highest Cagr In European Functional

Safety Market During Forecast Period

Figure 53 North America: Functional Safety Market Snapshot

Figure 54 Us To Account For Largest Share Of North American Functional Safety Market In 2024

Figure 55 Asia Pacific: Functional Safety Market Snapshot

Figure 56 China To Dominate Asia Pacific Functional Safety Market Between 2024 And 2029

Figure 57 Middle East To Capture Largest Share Of Row Functional Safety Market In 2029

Figure 58 Functional Safety Market: Revenue Analysis Of Five Key

Players, 2019–2023

Figure 59 Market Share Analysis Of Companies Offering Functional Safety Solutions, 2023

Figure 60 Company Valuation, 2024

Figure 61 Financial Metrics, 2024 (Ev/Ebitda)

Figure 62 Product Comparison

Figure 63 Functional Safety Market: Company Evaluation Matrix

(Key Players), 2023

Figure 64 Functional Safety Market: Company Footprint

Figure 65 Functional Safety Market: Company Evaluation Matrix

(Startups/Smes), 2023

Figure 66 Schneider Electric: Company Snapshot

Figure 67 Abb: Company Snapshot

Figure 68 Honeywell International Inc.: Company Snapshot

Figure 69 Emerson Electric Co.: Company Snapshot

Figure 70 Rockwell Automation: Company Snapshot

Figure 71 Yokogawa Electric Corporation: Company Snapshot

Figure 72 General Electric Company: Company Snapshot

Figure 73 Omron Corporation: Company Snapshot

Figure 74 Siemens: Company Snapshot

Figure 75 Johnson Controls Inc.: Company Snapshot

Figure 76 Dekra: Company Snapshot

Figure 77 Tüv Rheinland: Company Snapshot

Figure 78 Endress+Hauser Group Services Ag: Company Snapshot