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Published : February 2026

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Functional Safety Market Report 2026

Name: Functional Safety Market Report 2026
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

Global Outlook – By Offering (Component, Service), By System (Emergency Shutdown System (ESD), Fire And Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS)), By Industry (Oil And Gas, Power Generation, Chemicals, Metal And Mining, Other Industries) – Market Size, Trends, Strategies, and Forecast to 2035

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Functional Safety Market Overview

• Functional Safety market size has reached to $5.7 billion in 2025

• Expected to grow to $8.49 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%

• Growth Driver: Rising Safety Concerns In The Oil And Gas Sector Drive Growth In The Functional Safety Market

• Market Trend: Innovative Solutions To Simplify Functional Safety Compliance

• North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Functional Safety Market?

Functional safety is a component of a system's or equipment's overall safety, and it focuses on electronics and their accompanying software, which must respond to their inputs correctly and should also have predictable failure answers. It is used to automatically prevent and control dangerous failures when they occur. Functional safety provides manufacturers the ability to operate closer to their margins with confidence in a well-defined functional safety environment.

The main types of offerings in functional safety are component and services. Service may assist in minimizing risk and optimizing systems in a variety of ways, including product design, safety chain management, performance and safety assessments, and more. The different systems include emergency shutdown systems (ESD), fire and gas monitoring systems, high integrity pressure protection systems (HIPPS), burner management systems (BMS), and turbomachinery control (TMC), and are used in several industries such as oil and gas, power generation, chemicals, food and beverages, water and wastewater, pharmaceuticals, metal and mining, and others.

Functional Safety market report bar graph

What Is The Functional Safety Market Size and Share 2026?

The functional safety market size has grown strongly in recent years. It will grow from $5.7 billion in 2025 to $6.18 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increasing industrial automation adoption, rising complexity of manufacturing systems, enforcement of international safety standards, expansion of process industries, growing need for operational risk reduction.

What Is The Functional Safety Market Growth Forecast?

The functional safety market size is expected to see strong growth in the next few years. It will grow to $8.49 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing adoption of autonomous industrial systems, rising investments in digital safety management, expansion of electric and hybrid industrial equipment, growing use of integrated safety software, increasing regulatory emphasis on functional safety compliance. Major trends in the forecast period include increasing integration of safety systems with automation platforms, rising demand for sil-certified components, growing adoption of predictive safety diagnostics, expansion of software-based functional safety solutions, enhanced focus on system-level risk assessment.

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Global Functional Safety Market Segmentation

1) By Offering: Component, Service

2) By System: Emergency Shutdown System (ESD), Fire And Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS)

3) By Industry: Oil And Gas, Power Generation, Chemicals, Metal And Mining, Other Industries

Subsegments:

1) By Component: Safety Controllers, Safety Sensors, Safety Relays, Safety Software

2) By Service: Consulting Services, Training And Certification, Maintenance And Support, Risk Assessment And Management

What Is The Driver Of The Functional Safety Market?

Rising demand for safety systems in the oil and gas industry is expected to propel the growth of the functional safety market going forward. Safety systems are technologies and protocols designed to prevent accidents, protect personnel, equipment, and the environment, and ensure compliance during oil and gas operations. They include process safety controls, fire and gas detection, emergency shutdown systems, personal protective equipment, and environmental monitoring to manage operational hazards effectively. For instance, in October 2025, the Bureau of Labor Statistics, a US-based federal government agency, reported that the total recordable case rate for the oil and gas extraction industry (NAICS 211) in 2023 was 0.9 cases per 100 full-time workers. Therefore, the rising demand for safety systems in the oil and gas industry is expected to propel the growth of the functional safety industry going forward.

Key Players In The Global Functional Safety Market

Major companies operating in the functional safety market are Siemens AG; ABB Ltd.; Honeywell International Inc.; General Electric Co.; Schneider Electric SE; Rockwell Automation Inc.; Emerson Electric Co.; TÜV Rheinland; HIMA Paul Hildebrandt GmbH; Endress+Hauser Management AG; Intertek Group plc; Omron Corporation; Yokogawa Electric Corporation; DEKRA Group; Balluff Inc.; Pilz GmbH & Co. KG; Pepperl+Fuchs; B&R Industrial Automation; Johnson Controls; Mangan Software Solutions; exida; SICK AG; L&T Technology Services; DNV GL; MISTRAS Group; National Instruments; ETAS GmbH; MathWorks

Global Functional Safety Market Trends and Insights

Major companies operating in the functional safety market are developing innovative products to meet the growing demand for functional safety and simplify the functional safety compliance. For instance, In March 2025, QNX, a Germany-based provider of safety-certifiable operating systems and embedded platforms, launched its Functional Safety (FuSa) Platform in collaboration with Intel Corporation and NexCOBOT for advanced robotic systems. With this release, the company aims to consolidate robotic control, AI workloads, and safety-certifiable software into a unified platform to simplify compliance with functional safety standards and accelerate deployment of safety-critical robotics applications. The platform is designed to deliver safety-certified performance for robotics developers by integrating real-time motion-control, vision-processing, and safety-certifiable software.

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What Are Latest Mergers And Acquisitions In The Functional Safety Market?

In August 2023, TÜV NORD GROUP, a Germany-based company that offers technical services, acquired CE-CON GmbH for an undisclosed amount. With this acquisition, TÜV NORD GROUP aims to strengthen its portfolio of technical services by integrating CE-CON GmbH's expertise in software solutions and services for CE marking and machine safety, thereby enhancing its offerings in regulatory compliance and safety certifications. CE-CON GmbH is a Germany-based company that offers functional safety.

Regional Insights

North America was the largest region in the functional safety market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Functional Safety Market?

The functional safety market includes revenues earned by entities by providing services such as risk management services, industrial machinery maintenance services, process and control equipment functions, system maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Functional Safety Market Report 2026?

The functional safety market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the functional safety industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Abdul Wasay

Functional Safety Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2026	$6.18 billion
Revenue Forecast In 2035	$8.49 billion
Growth Rate	CAGR of 8.5% from 2026 to 2035
Base Year For Estimation	2025
Actual Estimates/Historical Data	2020-2025
Forecast Period	2026 - 2030 - 2035
Market Representation	Revenue in USD Billion and CAGR from 2026 to 2035
Segments Covered	Offering, System, Industry
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled	Siemens AG; ABB Ltd.; Honeywell International Inc.; General Electric Co.; Schneider Electric SE; Rockwell Automation Inc.; Emerson Electric Co.; TÜV Rheinland; HIMA Paul Hildebrandt GmbH; Endress+Hauser Management AG; Intertek Group plc; Omron Corporation; Yokogawa Electric Corporation; DEKRA Group; Balluff Inc.; Pilz GmbH & Co. KG; Pepperl+Fuchs; B&R Industrial Automation; Johnson Controls; Mangan Software Solutions; exida; SICK AG; L&T Technology Services; DNV GL; MISTRAS Group; National Instruments; ETAS GmbH; MathWorks
Customization Scope	Request for Customization
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Functional Safety Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Functional Safety Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Functional Safety Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Functional Safety Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Industry 4.0 & Intelligent Manufacturing

4.1.2 Autonomous Systems, Robotics & Smart Mobility

4.1.3 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.4 Digitalization, Cloud, Big Data & Cybersecurity

4.1.5 Electric Mobility & Transportation Electrification

4.2. Major Trends

4.2.1 Increasing Integration Of Safety Systems With Automation Platforms

4.2.2 Rising Demand For Sil-Certified Components

4.2.3 Growing Adoption Of Predictive Safety Diagnostics

4.2.4 Expansion Of Software-Based Functional Safety Solutions

4.2.5 Enhanced Focus On System-Level Risk Assessment

5. Functional Safety Market Analysis Of End Use Industries

5.1 Oil And Gas Companies

5.2 Power Generation Operators

5.3 Chemical Manufacturers

5.4 Food And Beverage Producers

5.5 Pharmaceutical Companies

6. Functional Safety Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Functional Safety Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

7.1. Global Functional Safety PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

7.2. Global Functional Safety Market Size, Comparisons And Growth Rate Analysis

7.3. Global Functional Safety Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Functional Safety Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Functional Safety Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Functional Safety Market Segmentation

9.1. Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Component, Service

9.2. Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Emergency Shutdown System (ESD), Fire And Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS)

9.3. Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Oil And Gas, Power Generation, Chemicals, Metal And Mining, Other Industries

9.4. Global Functional Safety Market, Sub-Segmentation Of Component, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Safety Controllers, Safety Sensors, Safety Relays, Safety Software

9.5. Global Functional Safety Market, Sub-Segmentation Of Service, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Consulting Services, Training And Certification, Maintenance And Support, Risk Assessment And Management

10. Functional Safety Market, Industry Metrics By Country

10.1. Global Functional Safety Market, Average Selling Price By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

10.2. Global Functional Safety Market, Average Spending Per Capita (Employed) By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

11. Functional Safety Market Regional And Country Analysis

11.1. Global Functional Safety Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11.2. Global Functional Safety Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. Asia-Pacific Functional Safety Market

12.1. Asia-Pacific Functional Safety Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

12.2. Asia-Pacific Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. China Functional Safety Market

13.1. China Functional Safety Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

13.2. China Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. India Functional Safety Market

14.1. India Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Japan Functional Safety Market

15.1. Japan Functional Safety Market Overview

15.2. Japan Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Australia Functional Safety Market

16.1. Australia Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. Indonesia Functional Safety Market

17.1. Indonesia Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. South Korea Functional Safety Market

18.1. South Korea Functional Safety Market Overview

18.2. South Korea Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. Taiwan Functional Safety Market

19.1. Taiwan Functional Safety Market Overview

19.2. Taiwan Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. South East Asia Functional Safety Market

20.1. South East Asia Functional Safety Market Overview

20.2. South East Asia Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. Western Europe Functional Safety Market

21.1. Western Europe Functional Safety Market Overview

21.2. Western Europe Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. UK Functional Safety Market

22.1. UK Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. Germany Functional Safety Market

23.1. Germany Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. France Functional Safety Market

24.1. France Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Italy Functional Safety Market

25.1. Italy Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Spain Functional Safety Market

26.1. Spain Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Eastern Europe Functional Safety Market

27.1. Eastern Europe Functional Safety Market Overview

27.2. Eastern Europe Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. Russia Functional Safety Market

28.1. Russia Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. North America Functional Safety Market

29.1. North America Functional Safety Market Overview

29.2. North America Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. USA Functional Safety Market

30.1. USA Functional Safety Market Overview

30.2. USA Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. Canada Functional Safety Market

31.1. Canada Functional Safety Market Overview

31.2. Canada Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. South America Functional Safety Market

32.1. South America Functional Safety Market Overview

32.2. South America Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Brazil Functional Safety Market

33.1. Brazil Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Middle East Functional Safety Market

34.1. Middle East Functional Safety Market Overview

34.2. Middle East Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Africa Functional Safety Market

35.1. Africa Functional Safety Market Overview

35.2. Africa Functional Safety Market, Segmentation By Offering, Segmentation By System, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

36. Functional Safety Market Regulatory and Investment Landscape

37. Functional Safety Market Competitive Landscape And Company Profiles

37.1. Functional Safety Market Competitive Landscape And Market Share 2024

37.1.1. Top 10 Companies (Ranked by revenue/share)

37.2. Functional Safety Market - Company Scoring Matrix

37.2.1. Market Revenues

37.2.2. Product Innovation Score

37.2.3. Brand Recognition

37.3. Functional Safety Market Company Profiles

37.3.1. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

37.3.2. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

37.3.3. Honeywell International Inc. Overview, Products and Services, Strategy and Financial Analysis

37.3.4. General Electric Co. Overview, Products and Services, Strategy and Financial Analysis

37.3.5. Schneider Electric SE Overview, Products and Services, Strategy and Financial Analysis

38. Functional Safety Market Other Major And Innovative Companies

Rockwell Automation Inc., Emerson Electric Co., TÜV Rheinland, HIMA Paul Hildebrandt GmbH, Endress+Hauser Management AG, Intertek Group plc, Omron Corporation, Yokogawa Electric Corporation, DEKRA Group, Balluff Inc., Pilz GmbH & Co. KG, Pepperl+Fuchs, B&R Industrial Automation, Johnson Controls, Mangan Software Solutions

39. Global Functional Safety Market Competitive Benchmarking And Dashboard

40. Key Mergers And Acquisitions In The Functional Safety Market

41. Functional Safety Market High Potential Countries, Segments and Strategies

41.1. Functional Safety Market In 2030 - Countries Offering Most New Opportunities

41.2. Functional Safety Market In 2030 - Segments Offering Most New Opportunities

41.3. Functional Safety Market In 2030 - Growth Strategies

41.3.1. Market Trend Based Strategies

41.3.2. Competitor Strategies

42. Appendix

42.1. Abbreviations

42.2. Currencies

42.3. Historic And Forecast Inflation Rates

42.4. Research Inquiries

42.5. The Business Research Company

42.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Functional Safety Market, Overview Of Key Products - Product Examples

Table 2: Global Functional Safety Market Attractiveness, Factor-Wise Evaluation

Table 3: Global Functional Safety Market, Supply Chain Analysis

Table 4: Global Functional Safety Market, Major Raw Material Providers

Table 5: Global Functional Safety Market, Major Resource Providers

Table 6: Global Functional Safety Market, Major Manufacturers (Suppliers)

Table 7: Global Functional Safety Market, Major Distributors And Channel Partners

Table 8: Global Functional Safety Market, Key Technologies & Future Trends

Table 9: Global Functional Safety Market, Major Trends

Table 10: Global Functional Safety Market, Major End Users

Table 11: Global Functional Safety Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Table 12: Global Functional Safety Historic Market Growth, 2020-2025, $ Billion

Table 13: Global Functional Safety Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Table 14: Global Functional Safety Market - TAM, US$ Billion, 2025

Table 15: Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 16: Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 17: Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 18: Global Functional Safety Market, Sub-Segmentation Of Component, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 19: Global Functional Safety Market, Sub-Segmentation Of Service, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 20: Global Functional Safety Market, Average Selling Price By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

Table 21: Global Functional Safety Market, Average Spending Per Capita (Employed) By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

Table 22: Global Functional Safety Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 23: Global Functional Safety Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 24: Asia-Pacific, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 25: Asia-Pacific, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 26: Asia-Pacific, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 27: China, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 28: China, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 29: China, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 30: India, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 31: India, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 32: India, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 33: Japan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 34: Japan, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 35: Japan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 36: Australia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 37: Australia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 38: Australia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 39: Indonesia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 40: Indonesia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 41: Indonesia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 42: South Korea, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 43: South Korea, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 44: South Korea, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 45: Taiwan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 46: Taiwan, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 47: Taiwan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 48: South East Asia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 49: South East Asia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 50: South East Asia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 51: Western Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 52: Western Europe, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 53: Western Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 54: UK, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 55: UK, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 56: UK, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 57: Germany, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 58: Germany, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 59: Germany, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 60: France, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 61: France, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 62: France, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 63: Italy, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 64: Italy, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 65: Italy, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 66: Spain, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 67: Spain, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 68: Spain, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 69: Eastern Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 70: Eastern Europe, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 71: Eastern Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 72: Russia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 73: Russia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 74: Russia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 75: North America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 76: North America, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 77: North America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 78: USA, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 79: USA, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 80: USA, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 81: Canada, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 82: Canada, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 83: Canada, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 84: South America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 85: South America, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 86: South America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 87: Brazil, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 88: Brazil, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 89: Brazil, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 90: Middle East, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 91: Middle East, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 92: Middle East, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 93: Africa, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 94: Africa, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 95: Africa, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 96: Global Functional Safety Key Competitor Estimated Market Shares, 2024, Percentage (%)

Table 97: Global Functional Safety Market - Company Scoring Matrix

Table 98: Siemens AG Financial Performance

Table 99: ABB Ltd. Financial Performance

Table 100: Honeywell International Inc. Financial Performance

Table 101: General Electric Co. Financial Performance

Table 102: Schneider Electric SE Financial Performance

Table 103: Global Functional Safety Market, Competitive Benchmarking (In USD Billions)

Table 104: Global Functional Safety Market, Competitive Dashboard

Table 105: Global Functional Safety Market Size Gain ($ Billion), 2025 – 2030 By Country

Table 106: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By Offering, 2025 – 2030

Table 107: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By System, 2025 – 2030

Table 108: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By Industry, 2025 – 2030

List Of Figures

Figure 1: Global Functional Safety Market, Overview Of Key Products - Product Examples

Figure 2: Global Functional Safety Market Attractiveness, Factor-Wise Evaluation

Figure 3: Global Functional Safety Market, Supply Chain Analysis

Figure 4: Global Functional Safety Market, Major Raw Material Providers

Figure 5: Global Functional Safety Market, Major Resource Providers

Figure 6: Global Functional Safety Market, Major Manufacturers (Suppliers)

Figure 7: Global Functional Safety Market, Major Distributors And Channel Partners

Figure 8: Global Functional Safety Market, Key Technologies & Future Trends

Figure 9: Global Functional Safety Market, Major Trends

Figure 10: Global Functional Safety Market, Major End Users

Figure 11: Global Functional Safety Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Figure 12: Global Functional Safety Historic Market Growth, 2020-2025, $ Billion

Figure 13: Global Functional Safety Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Figure 14: Global Functional Safety Market - TAM, US$ Billion, 2025

Figure 15: Global Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 16: Global Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 17: Global Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 18: Global Functional Safety Market, Sub-Segmentation Of Component, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 19: Global Functional Safety Market, Sub-Segmentation Of Service, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 20: Global Functional Safety Market, Average Selling Price By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

Figure 21: Global Functional Safety Market, Average Spending Per Capita (Employed) By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $

Figure 22: Global Functional Safety Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 23: Global Functional Safety Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 24: Asia-Pacific, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 25: Asia-Pacific, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 26: Asia-Pacific, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 27: China, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 28: China, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 29: China, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 30: India, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 31: India, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 32: India, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 33: Japan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 34: Japan, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 35: Japan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 36: Australia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 37: Australia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 38: Australia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 39: Indonesia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 40: Indonesia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 41: Indonesia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 42: South Korea, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 43: South Korea, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 44: South Korea, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 45: Taiwan, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 46: Taiwan, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 47: Taiwan, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 48: South East Asia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 49: South East Asia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 50: South East Asia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 51: Western Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 52: Western Europe, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 53: Western Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 54: UK, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 55: UK, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 56: UK, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 57: Germany, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 58: Germany, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 59: Germany, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 60: France, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 61: France, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 62: France, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 63: Italy, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 64: Italy, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 65: Italy, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 66: Spain, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 67: Spain, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 68: Spain, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 69: Eastern Europe, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 70: Eastern Europe, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 71: Eastern Europe, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 72: Russia, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 73: Russia, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 74: Russia, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 75: North America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 76: North America, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 77: North America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 78: USA, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 79: USA, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 80: USA, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 81: Canada, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 82: Canada, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 83: Canada, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 84: South America, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 85: South America, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 86: South America, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 87: Brazil, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 88: Brazil, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 89: Brazil, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 90: Middle East, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 91: Middle East, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 92: Middle East, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 93: Africa, Functional Safety Market, Segmentation By Offering, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 94: Africa, Functional Safety Market, Segmentation By System, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 95: Africa, Functional Safety Market, Segmentation By Industry, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 96: Global Functional Safety Key Competitor Estimated Market Shares, 2024, Percentage (%)

Figure 97: Global Functional Safety Market - Company Scoring Matrix

Figure 98: Siemens AG Financial Performance

Figure 99: ABB Ltd. Financial Performance

Figure 100: Honeywell International Inc. Financial Performance

Figure 101: General Electric Co. Financial Performance

Figure 102: Schneider Electric SE Financial Performance

Figure 103: Global Functional Safety Market, Competitive Benchmarking (In USD Billions)

Figure 104: Global Functional Safety Market, Competitive Dashboard

Figure 105: Global Functional Safety Market Size Gain ($ Billion), 2025 – 2030 By Country

Figure 106: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By Offering, 2025 – 2030

Figure 107: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By System, 2025 – 2030

Figure 108: Global, Functional Safety Market Size Gain ($ Billion), Segmentation By Industry, 2025 – 2030

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Frequently Asked Questions

How big is the Functional Safety Market?

The Functional Safety market was valued at $5.7 billion in 2025, increased to $6.18 billion in 2026, and is projected to reach $8.49 billion by 2030.

What is the Functional Safety market growth?

The global Functional Safety market is expected to grow at a CAGR of 8.3% from 2026 to 2035 to reach $8.49 billion by 2035.

Who are the key players in Functional Safety market?

Some Key Players in the Functional Safety market Include, Siemens AG; ABB Ltd.; Honeywell International Inc.; General Electric Co.; Schneider Electric SE; Rockwell Automation Inc.; Emerson Electric Co.; TÜV Rheinland; HIMA Paul Hildebrandt GmbH; Endress+Hauser Management AG; Intertek Group plc; Omron Corporation; Yokogawa Electric Corporation; DEKRA Group; Balluff Inc.; Pilz GmbH & Co. KG; Pepperl+Fuchs; B&R Industrial Automation; Johnson Controls; Mangan Software Solutions; exida; SICK AG; L&T Technology Services; DNV GL; MISTRAS Group; National Instruments; ETAS GmbH; MathWorks .

What is the anticipated growth trend for the Functional Safety market?

Major trend in this market includes: Innovative Solutions To Simplify Functional Safety Compliance. For further insights on this market. request a sample here

Which region has the most growth potential in the Functional Safety market?

North America was the largest region in the functional safety market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the functional safety market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.