Global Functional Safety Market Size, Share & Trends Analysis Report By Device Type, By Industry Verticals (Oil & Gas, Power Generation, Automotive, Pharmaceutical, Food & Beverage, and Others), By Safety System, By Regional Outlook and Forecast, 2024 - 2031

The Global Functional Safety Market size is expected to reach $11.7 billion by 2031, rising at a market growth of 10.1% CAGR during the forecast period.

TMC systems ensure the safe and reliable operation of turbomachinery such as pumps, mixers, and compressors in food & beverage processing facilities. These systems monitor and control critical parameters to prevent equipment damage, failures, and accidents. Consequently, the food & beverage segment would acquire nearly 10% of the total market share by 2031. TMC systems monitor pressure levels in equipment and pipelines to prevent overpressure events. They also monitor temperature levels in equipment and processes to prevent overheating and equipment damage.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in March, 2024, Yokogawa Electric Corporation unveiled OpreX Robot Management Core, a software application in the OpreX Asset Management and Integrity portfolio. The product can be integrated with a variety of robots that perform plant maintenance tasks conventionally carried out by humans. Additionally, this software will enable customers to maintain their facilities in a safer and more cost-effective manner. Moreover, in January, 2024, Mitsubishi Electric Automation, Inc., a subsidiary of Mitsubishi Electric Corporation, unveiled the MELSEC iQ-R Series CIP Safety Module for Safe Communication over Devices in a Network. The product is made to send safety signals to many different devices and equipment, like third-party robots, Mitsubishi Electric products, other VFD products, and safety I/O and interlocks.

KBV Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Siemens AG and General Electric Company are the forerunners in the Market. In January 2023, Siemens AG unveiled two aspirating smoke detectors (ASD), FDA261 and FDA262. These smoke detectors feature a range of up to 6700 m2, and for Class A installations, a range of up to 2,000 m2, with a single ASD+ detector. Additionally, the products can be utilized over wide areas, including large data centers, e-commerce warehouses, or industrial manufacturing sites. Companies such as Honeywell International, Inc., ABB Ltd. and Schneider Electric SE are some of the key innovators in the Market.

Market Growth Factors

The aerospace and defence industry rely heavily on safety solutions to ensure the safe operation of aircraft, spacecraft, and defence systems. Safety is essential for flight control systems to ensure the safe operation of aircraft and the protection of passengers and crew. Safety solutions are essential for integrated battle management systems to ensure the safety and effectiveness of military operations. The expansion of space exploration programs and the growing demand for satellite systems drive the demand for safety solutions to ensure the safety and reliability of space missions and satellite operations. Therefore, the expansion of the aerospace and defence industry plays a significant role in driving the market.

The increasing demand for medical devices such as ventilators, anaesthesia machines, infusion pumps, and diagnostic equipment drives the adoption of safety solutions. Safety is essential for ensuring the safe and reliable operation of medical devices, protecting patients from harm, and ensuring the effectiveness of medical treatments. Medical devices used for patient care, including life-support systems, monitoring devices, and diagnostic equipment, require safety to ensure patient safety and well-being. Thus, rapid growth in the healthcare industry boosts the market.

Market Restraining Factors

Implementing safety systems often requires a significant upfront investment in safety-critical hardware, software, and engineering services. Companies may need help with competing priorities for allocating resources, making it challenging to justify investment in safety systems over other business initiatives. They may prioritize investments in revenue-generating activities over safety-related initiatives, leading to delays or underinvestment in safety measures. Hence, the high implementation costs of safety hinder the market.

Device Type Outlook

By device type, the market is categorized into safety controllers, modules & relays, programmable safety systems, safety sensors, emergency stop devices, final control elements (valves, actuators), and others. In 2023, the safety controllers, modules & relays segment held 22% revenue share in the market. Safety controllers act as centralized control units for managing safety-critical functions in industrial environments. These controllers integrate with various safety devices such as sensors, switches, and actuators to monitor and control safety-related processes. Safety controllers allow emergency shutdown to stop or isolate equipment in hazardous situations.

Industry Verticals Outlook

On the basis of industry verticals, the market is divided into oil & gas, power generation, food & beverage, pharmaceutical, automotive, and others. The pharmaceutical segment procured 14% revenue share in the market in 2023. In pharmaceutical, safety systems control and monitor safety-critical processes and equipment in pharmaceutical manufacturing facilities, ensuring safe operation and emergency shutdown when necessary. These benefits support the demand for safety systems in this industry, and with the expansion of the industry, the demand for safety will also increase.

Safety System Outlook

Based on safety system, the market is classified into emergency shutdown systems (ESD), burner management systems (BMS), high-integrity pressure protection systems (HIPPS), turbomachinery control (TMC) systems, fire & gas monitoring control systems, and supervisory control and data acquisition (SCADA) systems. The burner management systems (BMS) segment acquired 20.4% revenue share in the market in 2023. BMS systems prevent the release of hazardous substances into the environment, helping to minimize the environmental impact of industrial combustion processes. These systems optimize combustion efficiency and reduce emissions of pollutants such as NOx, CO, and VOCs, ensuring compliance with environmental regulations.

Free Valuable Insights: Global Functional Safety Market size to reach USD 11.7 Billion by 2031

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America led the market by generating 35.2% revenue share. North America's oil & gas industry is witnessing significant growth due to increasing exploration and production activities. The adoption of industrial automation technologies is driving the demand for safety solutions to ensure the safe operation of automated systems in North America.

Market Competition and Attributes

The competition in the Market is intense, driven by the increasing adoption of automation and stringent safety regulations across industries. Key players are focusing on innovation and strategic collaborations to enhance their offerings, aiming to meet the growing demand for reliable and advanced safety solutions globally.

Functional Safety Market Report Coverage

Report Attribute	Details
Market size value in 2023	USD 5.5 Billion
Market size forecast in 2031	USD 11.7 Billion
Base Year	2023
Historical Period	2020 to 2022
Forecast Period	2024 to 2031
Revenue Growth Rate	CAGR of 10.1% from 2024 to 2031
Number of Pages	345
Number of Tables	443
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered	Device Type, Safety System, Industry Verticals, Region
Country scope	North America (US, Canada, Mexico, and Rest of North America) Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific) LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included	ABB Ltd., General Electric Company, Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Mitsubishi Electric Corporation, Emerson Electric Co., Honeywell International, Inc., Omron Corporation and Yokogawa Electric Corporation

Recent Strategies Deployed in the Market

• Mar-2024: Mitsubishi Electric Corporation inked an agreement with Dispel LLC, a manufacturer and distributor of secure remote access and operational management solutions. Under this agreement, Mitsubishi Electric will combine its factory automation (FA) equipment and OT security solutions with Dispel’s secure remote-access technology to offer a Zero Trust Remote Access Service that monitors, controls, and verifies remote-access operations involving equipment in manufacturing sites.
• Oct-2023: Omron Corporation came into partnership with Safety Technologies, Inc., a safety equipment manufacturer, and Lowpad BV, a unique intelligent autonomous mobile robot. Under this partnership, the companies will join efforts to expand OMRON’s line of mobile robots with Lowpad’s low-profile product suite. Additionally, Omron's FLOW Core software will be integrated with Lowpad's products, allowing autonomous operation and a single point of control for fleets of up to 100 mobile robots.
• Oct-2023: Rockwell Automation, Inc. inked a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company. Through this acquisition, Rockwell will expand its offerings in asset inventory systems and vulnerability management solutions. Moreover, the acquisition allows Rockwell's customers to quickly assess their assets, prioritize risk, and apply countermeasures to eliminate vulnerabilities, all using one platform.
• May-2023: Omron Corporation launched the G2RV-ST, its industrial 6mm electromechanical relay. The G2RV-ST is designed to offer machine and panel manufacturers an ideal solution for compact panels and equipment while ensuring durability and reliability.
• Aug-2022: Honeywell International, Inc. launched the Morley MAx fire detection and alarm system to enhance building and occupant safety. Honeywell's Morley MAx panel is a small, strong, smart fire alarm control panel. It gives installers and users a bunch of high-tech features that are simple to set up, use, and keep in good shape. Additionally, this product helps make sure people in buildings are safer, and it helps building owners follow safety rules more effectively.

List of Key Companies Profiled

• ABB Ltd.
• General Electric Company
• Siemens AG
• Rockwell Automation, Inc.
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Honeywell International, Inc.
• Omron Corporation
• Yokogawa Electric Corporation

Functional Safety Market Report Segmentation

By Device Type

• Safety Sensors
• Safety Controllers, Modules & Relays
• Programmable Safety Systems
• Final Control Elements (Valves, Actuators)
• Emergency Stop Devices
• Others

By Industry Verticals

• Oil & Gas
• Power Generation
• Automotive
• Pharmaceutical
• Food & Beverage
• Others

By Safety System

• Emergency Shutdown Systems (ESD)
• Burner Management Systems (BMS)
• High-Integrity Pressure Protection Systems (HIPPS)
• Turbomachinery Control (TMC) Systems
• Supervisory Control and Data Acquisition (SCADA) Systems
• Fire & Gas Monitoring Control Systems

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Report

North America Functional Safety Market Size & Share to 2031

• June-2024
• 144 Pages

LAMEA Functional Safety Market Size | Industry Trend - 2031

• June-2024
• 159 Pages

Europe Functional Safety Market Size | Growth Report - 2031

• June-2024
• 160 Pages

Asia Pacific Functional Safety Market Size | Trend to 2031

• June-2024
• 164 Pages

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Functional Safety Market, by Device Type
1.4.2 Global Functional Safety Market, by Industry Verticals
1.4.3 Global Functional Safety Market, by Safety System
1.4.4 Global Functional Safety Market, by Geography
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Nov – 2024, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Functional Safety Market by Device Type
5.1 Global Safety Sensors Market by Region
5.2 Global Safety Controllers, Modules & Relays Market by Region
5.3 Global Programmable Safety Systems Market by Region
5.4 Global Final Control Elements (Valves, Actuators) Market by Region
5.5 Global Emergency Stop Devices Market by Region
5.6 Global Others Market by Region

Chapter 6. Global Functional Safety Market by Industry Verticals
6.1 Global Oil & Gas Market by Region
6.2 Global Power Generation Market by Region
6.3 Global Automotive Market by Region
6.4 Global Pharmaceutical Market by Region
6.5 Global Food & Beverage Market by Region
6.6 Global Others Market by Region

Chapter 7. Global Functional Safety Market by Safety System
7.1 Global Emergency Shutdown Systems (ESD) Market by Region
7.2 Global Burner Management Systems (BMS) Market by Region
7.3 Global High-Integrity Pressure Protection Systems (HIPPS) Market by Region
7.4 Global Turbomachinery Control (TMC) Systems Market by Region
7.5 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Region
7.6 Global Fire & Gas Monitoring Control Systems Market by Region

Chapter 8. Global Functional Safety Market by Region
8.1 North America Functional Safety Market
8.1.1 North America Functional Safety Market by Device Type
8.1.1.1 North America Safety Sensors Market by Country
8.1.1.2 North America Safety Controllers, Modules & Relays Market by Country
8.1.1.3 North America Programmable Safety Systems Market by Country
8.1.1.4 North America Final Control Elements (Valves, Actuators) Market by Country
8.1.1.5 North America Emergency Stop Devices Market by Country
8.1.1.6 North America Others Market by Country
8.1.2 North America Functional Safety Market by Industry Verticals
8.1.2.1 North America Oil & Gas Market by Country
8.1.2.2 North America Power Generation Market by Country
8.1.2.3 North America Automotive Market by Country
8.1.2.4 North America Pharmaceutical Market by Country
8.1.2.5 North America Food & Beverage Market by Country
8.1.2.6 North America Others Market by Country
8.1.3 North America Functional Safety Market by Safety System
8.1.3.1 North America Emergency Shutdown Systems (ESD) Market by Country
8.1.3.2 North America Burner Management Systems (BMS) Market by Country
8.1.3.3 North America High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.1.3.4 North America Turbomachinery Control (TMC) Systems Market by Country
8.1.3.5 North America Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.1.3.6 North America Fire & Gas Monitoring Control Systems Market by Country
8.1.4 North America Functional Safety Market by Country
8.1.4.1 US Functional Safety Market
8.1.4.1.1 US Functional Safety Market by Device Type
8.1.4.1.2 US Functional Safety Market by Industry Verticals
8.1.4.1.3 US Functional Safety Market by Safety System
8.1.4.2 Canada Functional Safety Market
8.1.4.2.1 Canada Functional Safety Market by Device Type
8.1.4.2.2 Canada Functional Safety Market by Industry Verticals
8.1.4.2.3 Canada Functional Safety Market by Safety System
8.1.4.3 Mexico Functional Safety Market
8.1.4.3.1 Mexico Functional Safety Market by Device Type
8.1.4.3.2 Mexico Functional Safety Market by Industry Verticals
8.1.4.3.3 Mexico Functional Safety Market by Safety System
8.1.4.4 Rest of North America Functional Safety Market
8.1.4.4.1 Rest of North America Functional Safety Market by Device Type
8.1.4.4.2 Rest of North America Functional Safety Market by Industry Verticals
8.1.4.4.3 Rest of North America Functional Safety Market by Safety System
8.2 Europe Functional Safety Market
8.2.1 Europe Functional Safety Market by Device Type
8.2.1.1 Europe Safety Sensors Market by Country
8.2.1.2 Europe Safety Controllers, Modules & Relays Market by Country
8.2.1.3 Europe Programmable Safety Systems Market by Country
8.2.1.4 Europe Final Control Elements (Valves, Actuators) Market by Country
8.2.1.5 Europe Emergency Stop Devices Market by Country
8.2.1.6 Europe Others Market by Country
8.2.2 Europe Functional Safety Market by Industry Verticals
8.2.2.1 Europe Oil & Gas Market by Country
8.2.2.2 Europe Power Generation Market by Country
8.2.2.3 Europe Automotive Market by Country
8.2.2.4 Europe Pharmaceutical Market by Country
8.2.2.5 Europe Food & Beverage Market by Country
8.2.2.6 Europe Others Market by Country
8.2.3 Europe Functional Safety Market by Safety System
8.2.3.1 Europe Emergency Shutdown Systems (ESD) Market by Country
8.2.3.2 Europe Burner Management Systems (BMS) Market by Country
8.2.3.3 Europe High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.2.3.4 Europe Turbomachinery Control (TMC) Systems Market by Country
8.2.3.5 Europe Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.2.3.6 Europe Fire & Gas Monitoring Control Systems Market by Country
8.2.4 Europe Functional Safety Market by Country
8.2.4.1 Germany Functional Safety Market
8.2.4.1.1 Germany Functional Safety Market by Device Type
8.2.4.1.2 Germany Functional Safety Market by Industry Verticals
8.2.4.1.3 Germany Functional Safety Market by Safety System
8.2.4.2 UK Functional Safety Market
8.2.4.2.1 UK Functional Safety Market by Device Type
8.2.4.2.2 UK Functional Safety Market by Industry Verticals
8.2.4.2.3 UK Functional Safety Market by Safety System
8.2.4.3 France Functional Safety Market
8.2.4.3.1 France Functional Safety Market by Device Type
8.2.4.3.2 France Functional Safety Market by Industry Verticals
8.2.4.3.3 France Functional Safety Market by Safety System
8.2.4.4 Russia Functional Safety Market
8.2.4.4.1 Russia Functional Safety Market by Device Type
8.2.4.4.2 Russia Functional Safety Market by Industry Verticals
8.2.4.4.3 Russia Functional Safety Market by Safety System
8.2.4.5 Spain Functional Safety Market
8.2.4.5.1 Spain Functional Safety Market by Device Type
8.2.4.5.2 Spain Functional Safety Market by Industry Verticals
8.2.4.5.3 Spain Functional Safety Market by Safety System
8.2.4.6 Italy Functional Safety Market
8.2.4.6.1 Italy Functional Safety Market by Device Type
8.2.4.6.2 Italy Functional Safety Market by Industry Verticals
8.2.4.6.3 Italy Functional Safety Market by Safety System
8.2.4.7 Rest of Europe Functional Safety Market
8.2.4.7.1 Rest of Europe Functional Safety Market by Device Type
8.2.4.7.2 Rest of Europe Functional Safety Market by Industry Verticals
8.2.4.7.3 Rest of Europe Functional Safety Market by Safety System
8.3 Asia Pacific Functional Safety Market
8.3.1 Asia Pacific Functional Safety Market by Device Type
8.3.1.1 Asia Pacific Safety Sensors Market by Country
8.3.1.2 Asia Pacific Safety Controllers, Modules & Relays Market by Country
8.3.1.3 Asia Pacific Programmable Safety Systems Market by Country
8.3.1.4 Asia Pacific Final Control Elements (Valves, Actuators) Market by Country
8.3.1.5 Asia Pacific Emergency Stop Devices Market by Country
8.3.1.6 Asia Pacific Others Market by Country
8.3.2 Asia Pacific Functional Safety Market by Industry Verticals
8.3.2.1 Asia Pacific Oil & Gas Market by Country
8.3.2.2 Asia Pacific Power Generation Market by Country
8.3.2.3 Asia Pacific Automotive Market by Country
8.3.2.4 Asia Pacific Pharmaceutical Market by Country
8.3.2.5 Asia Pacific Food & Beverage Market by Country
8.3.2.6 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Functional Safety Market by Safety System
8.3.3.1 Asia Pacific Emergency Shutdown Systems (ESD) Market by Country
8.3.3.2 Asia Pacific Burner Management Systems (BMS) Market by Country
8.3.3.3 Asia Pacific High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.3.3.4 Asia Pacific Turbomachinery Control (TMC) Systems Market by Country
8.3.3.5 Asia Pacific Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.3.3.6 Asia Pacific Fire & Gas Monitoring Control Systems Market by Country
8.3.4 Asia Pacific Functional Safety Market by Country
8.3.4.1 China Functional Safety Market
8.3.4.1.1 China Functional Safety Market by Device Type
8.3.4.1.2 China Functional Safety Market by Industry Verticals
8.3.4.1.3 China Functional Safety Market by Safety System
8.3.4.2 Japan Functional Safety Market
8.3.4.2.1 Japan Functional Safety Market by Device Type
8.3.4.2.2 Japan Functional Safety Market by Industry Verticals
8.3.4.2.3 Japan Functional Safety Market by Safety System
8.3.4.3 India Functional Safety Market
8.3.4.3.1 India Functional Safety Market by Device Type
8.3.4.3.2 India Functional Safety Market by Industry Verticals
8.3.4.3.3 India Functional Safety Market by Safety System
8.3.4.4 South Korea Functional Safety Market
8.3.4.4.1 South Korea Functional Safety Market by Device Type
8.3.4.4.2 South Korea Functional Safety Market by Industry Verticals
8.3.4.4.3 South Korea Functional Safety Market by Safety System
8.3.4.5 Australia Functional Safety Market
8.3.4.5.1 Australia Functional Safety Market by Device Type
8.3.4.5.2 Australia Functional Safety Market by Industry Verticals
8.3.4.5.3 Australia Functional Safety Market by Safety System
8.3.4.6 Malaysia Functional Safety Market
8.3.4.6.1 Malaysia Functional Safety Market by Device Type
8.3.4.6.2 Malaysia Functional Safety Market by Industry Verticals
8.3.4.6.3 Malaysia Functional Safety Market by Safety System
8.3.4.7 Rest of Asia Pacific Functional Safety Market
8.3.4.7.1 Rest of Asia Pacific Functional Safety Market by Device Type
8.3.4.7.2 Rest of Asia Pacific Functional Safety Market by Industry Verticals
8.3.4.7.3 Rest of Asia Pacific Functional Safety Market by Safety System
8.4 LAMEA Functional Safety Market
8.4.1 LAMEA Functional Safety Market by Device Type
8.4.1.1 LAMEA Safety Sensors Market by Country
8.4.1.2 LAMEA Safety Controllers, Modules & Relays Market by Country
8.4.1.3 LAMEA Programmable Safety Systems Market by Country
8.4.1.4 LAMEA Final Control Elements (Valves, Actuators) Market by Country
8.4.1.5 LAMEA Emergency Stop Devices Market by Country
8.4.1.6 LAMEA Others Market by Country
8.4.2 LAMEA Functional Safety Market by Industry Verticals
8.4.2.1 LAMEA Oil & Gas Market by Country
8.4.2.2 LAMEA Power Generation Market by Country
8.4.2.3 LAMEA Automotive Market by Country
8.4.2.4 LAMEA Pharmaceutical Market by Country
8.4.2.5 LAMEA Food & Beverage Market by Country
8.4.2.6 LAMEA Others Market by Country
8.4.3 LAMEA Functional Safety Market by Safety System
8.4.3.1 LAMEA Emergency Shutdown Systems (ESD) Market by Country
8.4.3.2 LAMEA Burner Management Systems (BMS) Market by Country
8.4.3.3 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country
8.4.3.4 LAMEA Turbomachinery Control (TMC) Systems Market by Country
8.4.3.5 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country
8.4.3.6 LAMEA Fire & Gas Monitoring Control Systems Market by Country
8.4.4 LAMEA Functional Safety Market by Country
8.4.4.1 Brazil Functional Safety Market
8.4.4.1.1 Brazil Functional Safety Market by Device Type
8.4.4.1.2 Brazil Functional Safety Market by Industry Verticals
8.4.4.1.3 Brazil Functional Safety Market by Safety System
8.4.4.2 Argentina Functional Safety Market
8.4.4.2.1 Argentina Functional Safety Market by Device Type
8.4.4.2.2 Argentina Functional Safety Market by Industry Verticals
8.4.4.2.3 Argentina Functional Safety Market by Safety System
8.4.4.3 UAE Functional Safety Market
8.4.4.3.1 UAE Functional Safety Market by Device Type
8.4.4.3.2 UAE Functional Safety Market by Industry Verticals
8.4.4.3.3 UAE Functional Safety Market by Safety System
8.4.4.4 Saudi Arabia Functional Safety Market
8.4.4.4.1 Saudi Arabia Functional Safety Market by Device Type
8.4.4.4.2 Saudi Arabia Functional Safety Market by Industry Verticals
8.4.4.4.3 Saudi Arabia Functional Safety Market by Safety System
8.4.4.5 South Africa Functional Safety Market
8.4.4.5.1 South Africa Functional Safety Market by Device Type
8.4.4.5.2 South Africa Functional Safety Market by Industry Verticals
8.4.4.5.3 South Africa Functional Safety Market by Safety System
8.4.4.6 Nigeria Functional Safety Market
8.4.4.6.1 Nigeria Functional Safety Market by Device Type
8.4.4.6.2 Nigeria Functional Safety Market by Industry Verticals
8.4.4.6.3 Nigeria Functional Safety Market by Safety System
8.4.4.7 Rest of LAMEA Functional Safety Market
8.4.4.7.1 Rest of LAMEA Functional Safety Market by Device Type
8.4.4.7.2 Rest of LAMEA Functional Safety Market by Industry Verticals
8.4.4.7.3 Rest of LAMEA Functional Safety Market by Safety System

Chapter 9. Company Profiles
9.1 ABB Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 General Electric Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Rockwell Automation, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Emerson Electric Co.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Honeywell International, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Omron Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Yokogawa Electric Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Chapter 10. Winning Imperatives of Functional Safety Market

TABLE 1 Global Functional Safety Market, 2020 - 2023, USD Million
TABLE 2 Global Functional Safety Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Safety Market
TABLE 4 Product Launches And Product Expansions– Functional Safety Market
TABLE 5 Acquisition and Mergers– Functional Safety Market
TABLE 6 Global Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 7 Global Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 8 Global Safety Sensors Market by Region, 2020 - 2023, USD Million
TABLE 9 Global Safety Sensors Market by Region, 2024 - 2031, USD Million
TABLE 10 Global Safety Controllers, Modules & Relays Market by Region, 2020 - 2023, USD Million
TABLE 11 Global Safety Controllers, Modules & Relays Market by Region, 2024 - 2031, USD Million
TABLE 12 Global Programmable Safety Systems Market by Region, 2020 - 2023, USD Million
TABLE 13 Global Programmable Safety Systems Market by Region, 2024 - 2031, USD Million
TABLE 14 Global Final Control Elements (Valves, Actuators) Market by Region, 2020 - 2023, USD Million
TABLE 15 Global Final Control Elements (Valves, Actuators) Market by Region, 2024 - 2031, USD Million
TABLE 16 Global Emergency Stop Devices Market by Region, 2020 - 2023, USD Million
TABLE 17 Global Emergency Stop Devices Market by Region, 2024 - 2031, USD Million
TABLE 18 Global Others Market by Region, 2020 - 2023, USD Million
TABLE 19 Global Others Market by Region, 2024 - 2031, USD Million
TABLE 20 Global Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 21 Global Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 22 Global Oil & Gas Market by Region, 2020 - 2023, USD Million
TABLE 23 Global Oil & Gas Market by Region, 2024 - 2031, USD Million
TABLE 24 Global Power Generation Market by Region, 2020 - 2023, USD Million
TABLE 25 Global Power Generation Market by Region, 2024 - 2031, USD Million
TABLE 26 Global Automotive Market by Region, 2020 - 2023, USD Million
TABLE 27 Global Automotive Market by Region, 2024 - 2031, USD Million
TABLE 28 Global Pharmaceutical Market by Region, 2020 - 2023, USD Million
TABLE 29 Global Pharmaceutical Market by Region, 2024 - 2031, USD Million
TABLE 30 Global Food & Beverage Market by Region, 2020 - 2023, USD Million
TABLE 31 Global Food & Beverage Market by Region, 2024 - 2031, USD Million
TABLE 32 Global Others Market by Region, 2020 - 2023, USD Million
TABLE 33 Global Others Market by Region, 2024 - 2031, USD Million
TABLE 34 Global Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 35 Global Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 36 Global Emergency Shutdown Systems (ESD) Market by Region, 2020 - 2023, USD Million
TABLE 37 Global Emergency Shutdown Systems (ESD) Market by Region, 2024 - 2031, USD Million
TABLE 38 Global Burner Management Systems (BMS) Market by Region, 2020 - 2023, USD Million
TABLE 39 Global Burner Management Systems (BMS) Market by Region, 2024 - 2031, USD Million
TABLE 40 Global High-Integrity Pressure Protection Systems (HIPPS) Market by Region, 2020 - 2023, USD Million
TABLE 41 Global High-Integrity Pressure Protection Systems (HIPPS) Market by Region, 2024 - 2031, USD Million
TABLE 42 Global Turbomachinery Control (TMC) Systems Market by Region, 2020 - 2023, USD Million
TABLE 43 Global Turbomachinery Control (TMC) Systems Market by Region, 2024 - 2031, USD Million
TABLE 44 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Region, 2020 - 2023, USD Million
TABLE 45 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Region, 2024 - 2031, USD Million
TABLE 46 Global Fire & Gas Monitoring Control Systems Market by Region, 2020 - 2023, USD Million
TABLE 47 Global Fire & Gas Monitoring Control Systems Market by Region, 2024 - 2031, USD Million
TABLE 48 Global Functional Safety Market by Region, 2020 - 2023, USD Million
TABLE 49 Global Functional Safety Market by Region, 2024 - 2031, USD Million
TABLE 50 North America Functional Safety Market, 2020 - 2023, USD Million
TABLE 51 North America Functional Safety Market, 2024 - 2031, USD Million
TABLE 52 North America Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 53 North America Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 54 North America Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 55 North America Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 56 North America Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 57 North America Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 58 North America Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 59 North America Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 60 North America Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 61 North America Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 62 North America Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 63 North America Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 64 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 65 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 66 North America Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 67 North America Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 68 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 69 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 70 North America Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 71 North America Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 72 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 73 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 74 North America Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 75 North America Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 76 North America Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 77 North America Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 78 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 79 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 80 North America Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 81 North America Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 82 North America Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 83 North America Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 84 North America Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 85 North America Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 86 North America High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 87 North America High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 88 North America Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 89 North America Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 90 North America Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 91 North America Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 92 North America Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 93 North America Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 94 North America Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 95 North America Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 96 US Functional Safety Market, 2020 - 2023, USD Million
TABLE 97 US Functional Safety Market, 2024 - 2031, USD Million
TABLE 98 US Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 99 US Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 100 US Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 101 US Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 102 US Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 103 US Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 104 Canada Functional Safety Market, 2020 - 2023, USD Million
TABLE 105 Canada Functional Safety Market, 2024 - 2031, USD Million
TABLE 106 Canada Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 107 Canada Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 108 Canada Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 109 Canada Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 110 Canada Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 111 Canada Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 112 Mexico Functional Safety Market, 2020 - 2023, USD Million
TABLE 113 Mexico Functional Safety Market, 2024 - 2031, USD Million
TABLE 114 Mexico Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 115 Mexico Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 116 Mexico Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 117 Mexico Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 118 Mexico Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 119 Mexico Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 120 Rest of North America Functional Safety Market, 2020 - 2023, USD Million
TABLE 121 Rest of North America Functional Safety Market, 2024 - 2031, USD Million
TABLE 122 Rest of North America Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 123 Rest of North America Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 124 Rest of North America Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 125 Rest of North America Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 126 Rest of North America Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 127 Rest of North America Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 128 Europe Functional Safety Market, 2020 - 2023, USD Million
TABLE 129 Europe Functional Safety Market, 2024 - 2031, USD Million
TABLE 130 Europe Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 131 Europe Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 132 Europe Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 133 Europe Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 134 Europe Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 135 Europe Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 136 Europe Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 137 Europe Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 138 Europe Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 139 Europe Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 140 Europe Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 141 Europe Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 142 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 143 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 144 Europe Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 145 Europe Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 146 Europe Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 147 Europe Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 148 Europe Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 149 Europe Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 150 Europe Automotive Market by Country, 2020 - 2023, USD Million
TABLE 151 Europe Automotive Market by Country, 2024 - 2031, USD Million
TABLE 152 Europe Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 153 Europe Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 154 Europe Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 155 Europe Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 156 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 157 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 158 Europe Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 159 Europe Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 160 Europe Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 161 Europe Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 162 Europe Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 163 Europe Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 164 Europe High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 165 Europe High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 166 Europe Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 167 Europe Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 168 Europe Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 169 Europe Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 170 Europe Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 171 Europe Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 172 Europe Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 173 Europe Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 174 Germany Functional Safety Market, 2020 - 2023, USD Million
TABLE 175 Germany Functional Safety Market, 2024 - 2031, USD Million
TABLE 176 Germany Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 177 Germany Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 178 Germany Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 179 Germany Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 180 Germany Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 181 Germany Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 182 UK Functional Safety Market, 2020 - 2023, USD Million
TABLE 183 UK Functional Safety Market, 2024 - 2031, USD Million
TABLE 184 UK Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 185 UK Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 186 UK Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 187 UK Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 188 UK Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 189 UK Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 190 France Functional Safety Market, 2020 - 2023, USD Million
TABLE 191 France Functional Safety Market, 2024 - 2031, USD Million
TABLE 192 France Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 193 France Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 194 France Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 195 France Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 196 France Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 197 France Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 198 Russia Functional Safety Market, 2020 - 2023, USD Million
TABLE 199 Russia Functional Safety Market, 2024 - 2031, USD Million
TABLE 200 Russia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 201 Russia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 202 Russia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 203 Russia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 204 Russia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 205 Russia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 206 Spain Functional Safety Market, 2020 - 2023, USD Million
TABLE 207 Spain Functional Safety Market, 2024 - 2031, USD Million
TABLE 208 Spain Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 209 Spain Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 210 Spain Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 211 Spain Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 212 Spain Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 213 Spain Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 214 Italy Functional Safety Market, 2020 - 2023, USD Million
TABLE 215 Italy Functional Safety Market, 2024 - 2031, USD Million
TABLE 216 Italy Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 217 Italy Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 218 Italy Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 219 Italy Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 220 Italy Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 221 Italy Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 222 Rest of Europe Functional Safety Market, 2020 - 2023, USD Million
TABLE 223 Rest of Europe Functional Safety Market, 2024 - 2031, USD Million
TABLE 224 Rest of Europe Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 225 Rest of Europe Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 226 Rest of Europe Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 227 Rest of Europe Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 228 Rest of Europe Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 229 Rest of Europe Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 230 Asia Pacific Functional Safety Market, 2020 - 2023, USD Million
TABLE 231 Asia Pacific Functional Safety Market, 2024 - 2031, USD Million
TABLE 232 Asia Pacific Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 233 Asia Pacific Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 234 Asia Pacific Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 235 Asia Pacific Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 236 Asia Pacific Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 237 Asia Pacific Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 238 Asia Pacific Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 239 Asia Pacific Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 240 Asia Pacific Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 241 Asia Pacific Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 242 Asia Pacific Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 243 Asia Pacific Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 244 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 245 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 246 Asia Pacific Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 247 Asia Pacific Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 248 Asia Pacific Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 249 Asia Pacific Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 250 Asia Pacific Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 251 Asia Pacific Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 252 Asia Pacific Automotive Market by Country, 2020 - 2023, USD Million
TABLE 253 Asia Pacific Automotive Market by Country, 2024 - 2031, USD Million
TABLE 254 Asia Pacific Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 255 Asia Pacific Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 256 Asia Pacific Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 257 Asia Pacific Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 258 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 259 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 260 Asia Pacific Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 261 Asia Pacific Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 262 Asia Pacific Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 263 Asia Pacific Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 264 Asia Pacific Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 265 Asia Pacific Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 266 Asia Pacific High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 267 Asia Pacific High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 268 Asia Pacific Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 269 Asia Pacific Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 270 Asia Pacific Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 271 Asia Pacific Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 272 Asia Pacific Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 273 Asia Pacific Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 274 Asia Pacific Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 275 Asia Pacific Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 276 China Functional Safety Market, 2020 - 2023, USD Million
TABLE 277 China Functional Safety Market, 2024 - 2031, USD Million
TABLE 278 China Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 279 China Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 280 China Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 281 China Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 282 China Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 283 China Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 284 Japan Functional Safety Market, 2020 - 2023, USD Million
TABLE 285 Japan Functional Safety Market, 2024 - 2031, USD Million
TABLE 286 Japan Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 287 Japan Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 288 Japan Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 289 Japan Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 290 Japan Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 291 Japan Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 292 India Functional Safety Market, 2020 - 2023, USD Million
TABLE 293 India Functional Safety Market, 2024 - 2031, USD Million
TABLE 294 India Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 295 India Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 296 India Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 297 India Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 298 India Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 299 India Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 300 South Korea Functional Safety Market, 2020 - 2023, USD Million
TABLE 301 South Korea Functional Safety Market, 2024 - 2031, USD Million
TABLE 302 South Korea Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 303 South Korea Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 304 South Korea Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 305 South Korea Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 306 South Korea Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 307 South Korea Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 308 Australia Functional Safety Market, 2020 - 2023, USD Million
TABLE 309 Australia Functional Safety Market, 2024 - 2031, USD Million
TABLE 310 Australia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 311 Australia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 312 Australia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 313 Australia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 314 Australia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 315 Australia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 316 Malaysia Functional Safety Market, 2020 - 2023, USD Million
TABLE 317 Malaysia Functional Safety Market, 2024 - 2031, USD Million
TABLE 318 Malaysia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 319 Malaysia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 320 Malaysia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 321 Malaysia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 322 Malaysia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 323 Malaysia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 324 Rest of Asia Pacific Functional Safety Market, 2020 - 2023, USD Million
TABLE 325 Rest of Asia Pacific Functional Safety Market, 2024 - 2031, USD Million
TABLE 326 Rest of Asia Pacific Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 327 Rest of Asia Pacific Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 328 Rest of Asia Pacific Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 329 Rest of Asia Pacific Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 330 Rest of Asia Pacific Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 331 Rest of Asia Pacific Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 332 LAMEA Functional Safety Market, 2020 - 2023, USD Million
TABLE 333 LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 334 LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 335 LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 336 LAMEA Safety Sensors Market by Country, 2020 - 2023, USD Million
TABLE 337 LAMEA Safety Sensors Market by Country, 2024 - 2031, USD Million
TABLE 338 LAMEA Safety Controllers, Modules & Relays Market by Country, 2020 - 2023, USD Million
TABLE 339 LAMEA Safety Controllers, Modules & Relays Market by Country, 2024 - 2031, USD Million
TABLE 340 LAMEA Programmable Safety Systems Market by Country, 2020 - 2023, USD Million
TABLE 341 LAMEA Programmable Safety Systems Market by Country, 2024 - 2031, USD Million
TABLE 342 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2020 - 2023, USD Million
TABLE 343 LAMEA Final Control Elements (Valves, Actuators) Market by Country, 2024 - 2031, USD Million
TABLE 344 LAMEA Emergency Stop Devices Market by Country, 2020 - 2023, USD Million
TABLE 345 LAMEA Emergency Stop Devices Market by Country, 2024 - 2031, USD Million
TABLE 346 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 347 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 348 LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 349 LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 350 LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 351 LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 352 LAMEA Power Generation Market by Country, 2020 - 2023, USD Million
TABLE 353 LAMEA Power Generation Market by Country, 2024 - 2031, USD Million
TABLE 354 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 355 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 356 LAMEA Pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 357 LAMEA Pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 358 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 359 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 360 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 361 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 362 LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 363 LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 364 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2020 - 2023, USD Million
TABLE 365 LAMEA Emergency Shutdown Systems (ESD) Market by Country, 2024 - 2031, USD Million
TABLE 366 LAMEA Burner Management Systems (BMS) Market by Country, 2020 - 2023, USD Million
TABLE 367 LAMEA Burner Management Systems (BMS) Market by Country, 2024 - 2031, USD Million
TABLE 368 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2020 - 2023, USD Million
TABLE 369 LAMEA High-Integrity Pressure Protection Systems (HIPPS) Market by Country, 2024 - 2031, USD Million
TABLE 370 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2020 - 2023, USD Million
TABLE 371 LAMEA Turbomachinery Control (TMC) Systems Market by Country, 2024 - 2031, USD Million
TABLE 372 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2020 - 2023, USD Million
TABLE 373 LAMEA Supervisory Control and Data Acquisition (SCADA) Systems Market by Country, 2024 - 2031, USD Million
TABLE 374 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 375 LAMEA Fire & Gas Monitoring Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 376 LAMEA Functional Safety Market by Country, 2020 - 2023, USD Million
TABLE 377 LAMEA Functional Safety Market by Country, 2024 - 2031, USD Million
TABLE 378 Brazil Functional Safety Market, 2020 - 2023, USD Million
TABLE 379 Brazil Functional Safety Market, 2024 - 2031, USD Million
TABLE 380 Brazil Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 381 Brazil Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 382 Brazil Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 383 Brazil Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 384 Brazil Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 385 Brazil Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 386 Argentina Functional Safety Market, 2020 - 2023, USD Million
TABLE 387 Argentina Functional Safety Market, 2024 - 2031, USD Million
TABLE 388 Argentina Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 389 Argentina Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 390 Argentina Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 391 Argentina Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 392 Argentina Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 393 Argentina Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 394 UAE Functional Safety Market, 2020 - 2023, USD Million
TABLE 395 UAE Functional Safety Market, 2024 - 2031, USD Million
TABLE 396 UAE Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 397 UAE Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 398 UAE Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 399 UAE Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 400 UAE Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 401 UAE Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 402 Saudi Arabia Functional Safety Market, 2020 - 2023, USD Million
TABLE 403 Saudi Arabia Functional Safety Market, 2024 - 2031, USD Million
TABLE 404 Saudi Arabia Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 405 Saudi Arabia Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 406 Saudi Arabia Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 407 Saudi Arabia Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 408 Saudi Arabia Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 409 Saudi Arabia Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 410 South Africa Functional Safety Market, 2020 - 2023, USD Million
TABLE 411 South Africa Functional Safety Market, 2024 - 2031, USD Million
TABLE 412 South Africa Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 413 South Africa Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 414 South Africa Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 415 South Africa Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 416 South Africa Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 417 South Africa Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 418 Nigeria Functional Safety Market, 2020 - 2023, USD Million
TABLE 419 Nigeria Functional Safety Market, 2024 - 2031, USD Million
TABLE 420 Nigeria Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 421 Nigeria Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 422 Nigeria Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 423 Nigeria Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 424 Nigeria Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 425 Nigeria Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 426 Rest of LAMEA Functional Safety Market, 2020 - 2023, USD Million
TABLE 427 Rest of LAMEA Functional Safety Market, 2024 - 2031, USD Million
TABLE 428 Rest of LAMEA Functional Safety Market by Device Type, 2020 - 2023, USD Million
TABLE 429 Rest of LAMEA Functional Safety Market by Device Type, 2024 - 2031, USD Million
TABLE 430 Rest of LAMEA Functional Safety Market by Industry Verticals, 2020 - 2023, USD Million
TABLE 431 Rest of LAMEA Functional Safety Market by Industry Verticals, 2024 - 2031, USD Million
TABLE 432 Rest of LAMEA Functional Safety Market by Safety System, 2020 - 2023, USD Million
TABLE 433 Rest of LAMEA Functional Safety Market by Safety System, 2024 - 2031, USD Million
TABLE 434 Key Information – ABB Ltd.
TABLE 435 Key Information – General Electric Company
TABLE 436 Key Information – Siemens AG
TABLE 437 Key Information – Rockwell Automation, Inc.
TABLE 438 Key Information – Schneider Electric SE
TABLE 439 Key Information – Mitsubishi Electric Corporation
TABLE 440 Key Information – Emerson Electric Co.
TABLE 441 Key Information – Honeywell International, Inc.
TABLE 442 Key Information – Omron Corporation
TABLE 443 Key Information – Yokogawa Electric Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Global Functional Safety Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Functional Safety Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2020, Nov – 2024, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis - Functional Safety Market
FIG 8 Global Functional Safety Market share by Device Type, 2023
FIG 9 Global Functional Safety Market share by Device Type, 2031
FIG 10 Global Functional Safety Market by Device Type, 2020 - 2031, USD Million
FIG 11 Global Functional Safety Market share by Industry Verticals, 2023
FIG 12 Global Functional Safety Market share by Industry Verticals, 2031
FIG 13 Global Functional Safety Market by Industry Verticals, 2020 - 2031, USD Million
FIG 14 Global Functional Safety Market share by Safety System, 2023
FIG 15 Global Functional Safety Market share by Safety System, 2031
FIG 16 Global Functional Safety Market by Safety System, 2020 - 2031, USD Million
FIG 17 Global Functional Safety Market share by Region, 2023
FIG 18 Global Functional Safety Market share by Region, 2031
FIG 19 Global Functional Safety Market by Region, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: General electric (GE) CoMpany
FIG 22 SWOT Analysis: Siemens AG
FIG 23 SWOT Analysis: Rockwell Automation, Inc.
FIG 24 SWOT Analysis: Schneider Electric SE
FIG 25 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 26 SWOT Analysis: Mitsubishi Electric Corporation
FIG 27 Swot Analysis: EMERSON ELECTRIC CO.
FIG 28 Recent strategies and developments: Honeywell International, Inc.
FIG 29 Swot analysis: Honeywell international, inc.
FIG 30 Recent strategies and developments: Omron Corporation
FIG 31 SWOT Analysis: Omron Corporation
FIG 32 Swot Analysis: Yokogawa Electric CorporatioN