Table of Content - Functional Safety Market Size, Share and Industry Trends 2032

Functional Safety Market Segmentation

Functional Safety Market Device Outlook (USD Billion, 2022-2032)

Actuators

Safety Sensors

Final Control Elements

Safety Controllers

Modules

Relays

Programmable Safety Systems

Functional Safety Market System Outlook (USD Billion, 2022-2032)

Safety Instrumented Systems

Turbo Machinery Control (TMC)

Supervisory Control System

Burner Management Systems (BMS)

Emergency Shutdown Systems (ESD)

Functional Safety Market End-Users Outlook (USD Billion, 2022-2032)

Oil & Gas

Metal and Mining

Pharmaceuticals and Biotech

Retail and Wholesale

Others

Functional Safety Market Regional Outlook (USD Billion, 2022-2032)

North America Outlook (USD Billion, 2022-2032)
- North America Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- North America Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- North America Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- US Outlook (USD Billion, 2022-2032)
- US Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- US Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- US Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- CANADA Outlook (USD Billion, 2022-2032)
- CANADA Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- CANADA Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- CANADA Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others

Europe Outlook (USD Billion, 2022-2032)
- Europe Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Europe Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Europe Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Germany Outlook (USD Billion, 2022-2032)
- Germany Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Germany Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Germany Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- France Outlook (USD Billion, 2022-2032)
- France Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- France Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- France Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- UK Outlook (USD Billion, 2022-2032)
- UK Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- UK Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- UK Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- ITALY Outlook (USD Billion, 2022-2032)
- ITALY Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- ITALY Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- ITALY Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- SPAIN Outlook (USD Billion, 2022-2032)
- Spain Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Spain Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Spain Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Rest Of Europe Outlook (USD Billion, 2022-2032)
- Rest Of Europe Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- REST OF EUROPE Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- REST OF EUROPE Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others

Asia-Pacific Outlook (USD Billion, 2022-2032)
- Asia-Pacific Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Asia-Pacific Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Asia-Pacific Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- China Outlook (USD Billion, 2022-2032)
- China Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- China Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- China Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Japan Outlook (USD Billion, 2022-2032)
- Japan Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Japan Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Japan Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- India Outlook (USD Billion, 2022-2032)
- India Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- India Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- India Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Australia Outlook (USD Billion, 2022-2032)
- Australia Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Australia Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Australia Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Rest of Asia-Pacific Outlook (USD Billion, 2022-2032)
- Rest of Asia-Pacific Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Rest of Asia-Pacific Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Rest of Asia-Pacific Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others

Rest of the World Outlook (USD Billion, 2022-2032)
- Rest of the World Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Rest of the World Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Rest of the World Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Middle East Outlook (USD Billion, 2022-2032)
- Middle East Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Middle East Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Middle East Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Africa Outlook (USD Billion, 2022-2032)
- Africa Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Africa Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Africa Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others
- Latin America Outlook (USD Billion, 2022-2032)
- Latin America Functional Safety Market by Device
  - Actuators
  - Safety Sensors
  - Final Control Elements
  - Safety Controllers
  - Modules
  - Relays
  - Programmable Safety Systems
- Latin America Functional Safety Market by System
  - Safety Instrumented Systems
  - Turbo Machinery Control (TMC)
  - Supervisory Control System
  - Burner Management Systems (BMS)
  - Emergency Shutdown Systems (ESD)
- Latin America Functional Safety Market by End-Users
  - Oil & Gas
  - Metal and Mining
  - Pharmaceuticals and Biotech
  - Retail and Wholesale
  - Others

Research Methodology on Functional Safety Market

1. Introduction

The Global Functional Safety Market is expected to register an impressive CAGR during the forecast period of 2023 to 2030. Functional Safety is a process that is used to maintain safety systems by managing potential risks to prevent accidents and harm to humans, property, and the environment. The safety of products and processes is the crucial goal of continuous improvement projects, which has created steady growth for the Functional Safety market.

Functional Safety has become a requirement for compliance with international standards, such as the IEC61508 and ISO26262, which forces organizations to apply Functional Safety principles to their products, processes, and activities. A strong emphasis on compliance with the standards for product safety and fault tolerance has witnessed a surge in the demand for Functional Safety products.

2. Research Methodology

The research report on the Global Functional Safety Market comprises a comprehensive study of the present trend, industry size, and share of this market. The report consists of a comprehensive analysis of the dynamics of the Global Functional Safety Market with an extensive focus on the market size & growth rate, trends, industry structure and factors that are propelling and restraining the growth of the market.

We used a combination of primary and secondary research methodologies to arrive at the market estimates. Secondary research involved a desk review of industry reports, statistical databases, company websites and other sources of information available publicly. This study provided us with a wide range of opinions and data points on the market and its characteristics.

For primary research, we conducted numerous interviews with experts from different verticals in the industry such as executives, industry pundits, engineers, industry consultants and other key opinion leaders in the industry. We then triangulated the research to arrive at a final market size.

We leveraged our extensive industry expertise and experience to develop a detailed survey questionnaire that was sent to the respondents to capture their inputs on different aspects of the market. The survey was conducted through interviews with industry experts, which included CEOs, CFOs, executives, directors, and other subjects belonging to the industry. It was conducted through face-to-face and telephonic interviews.

We have used in-depth secondary and primary research methodologies involving massive data collection and analysis of multiple regions. We have validated the data with relevant figures and diagrams. The report includes a detailed analysis of the Global Functional Safety Market, covering the global regions of North America, Europe, Asia-Pacific, South America and the Middle East & Africa.

Detailed questioning with the respondents was conducted to understand the market dynamics and their impact on the current and foreseeable growth rate of the market. All the data obtained from the research was then analyzed and compiled for charting, insights and further data extraction. Clear conclusions were made on the market segmentation, which will further be validated using sources including consumer feedback and case studies/employment surveys/demographic surveys.

We have carefully analyzed the size of the market in terms of both top-down and bottom-up approaches and validated with in-depth interviews of key opinion leaders and remote sensing of industry trends. The assessment of the market size has been further validated through our in-house model to estimate the potential of the Global Functional Safety Market.

3. Analysis

We have studied the key segments including product type, application, end user and country along with their respective share in the market. We have also studied how the different segments are driving the growth of the market.

Furthermore, we have also studied the customers in terms of user profiles, demographics and other important parameters. All of this helps in a better understanding of customer segmentation, a key aspect of driving market growth.

The report also covers other important aspects such as the competitive landscape where key players are studied in terms of market share and presence in different countries. We have also studied their product portfolios, financial information, recent developments and other key aspects.

We have also studied the company assessment based on various growth parameters. In addition, we have gathered company insights into quality, prices, service and other essential factors that are essential for market success.

The report also includes an extensive assessment of the market using Porter's five forces analysis as well as market attractiveness analysis. Key findings, key opportunities and threats and key trends have been identified and discussed in detail.

We have performed a quantitative and qualitative study of the market to assess the market potential, trends and forecasts. We analyzed competitive trends and analyzed the competitive landscape to identify key players, strategies, alliances and collaborations in the Global Functional Safety Market.

Furthermore, the report also covers a detailed analysis of all manufacturing and service providers, segment-wise and region-wise market size analysis, key investment analysis, and Porter's Five Forces Analysis.

Lastly, the report provides an overview of government regulations in the industry and suggests actions to be taken by players for market success and growth.

4. Conclusion

In conclusion, this report has provided an in-depth study of the Global Functional Safety Market, taking into account the key segments, their contribution to the market, the competitive landscape and key investment analysis. The report provides an in-depth analysis of the current trends driving the growth and the various strategies, regulations and measures being taken by the players to gain a foothold in the market. It is expected that the Global Functional Safety Market will continue to witness steady growth in the forecast period 2023 to 2030.

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1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

2.4 LIST OF ASSUMPTIONS

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 INCREASE IN THE NUMBER OF MOBILE APPLICATIONS

4.2.2 INTRODUCTION OF GOVERNMENT POLICIES AND SAFETY STANDARDS

4.2.3 DRIVERS IMPACT ANALYSIS

4.3 RESTRAINT

4.3.1 SIGNIFICANT INVESTMENT REQUIRED FOR INSTALING FUNCTIONAL SAFETY SYSTEMS

4.3.2 RESTRAINT IMPACT ANALYSIS

4.4 OPPORTUNITY

4.4.1 INCREASING USE OF IIOT

4.5 CHALLENGE

4.5.1 LACK OF SKILLED EXPERTISE IN IMPLEMENTING FUNCTIONAL SAFETY

4.6 IMPACT OF COVID-19 ON THE GLOBAL FUNCTIONAL SAFETY MARKET

4.6.1 IMPACT ON MANUFACTURERS

4.6.2 IMPACT ON SUPPLY CHAIN

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS

5.1.1 DESIGNERS AND PROGRAMMERS

5.1.2 SOFTWARE DEVELOPERS

5.1.3 SYSTEM INTEGRATORS

5.1.4 SERVICE PROVIDERS

5.1.5 END USERS

5.2 PORTER’S FIVE FORCES MODEL

5.2.1 THREAT OF NEW ENTRANTS

5.2.2 BARGAINING POWER OF SUPPLIERS

5.2.3 THREAT OF SUBSTITUTES

5.2.4 BARGAINING POWER OF BUYERS

5.2.5 INTENSITY OF RIVALRY

6 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICES

6.1 OVERVIEW

6.2 ACTUATORS

6.3 SAFETY SENSORS

6.4 FINAL CONTROL ELEMENTS

6.5 SAFETY CONTROLLERS/MODULES/RELAYS

6.6 PROGRAMMABLE SAFETY SYSTEMS

6.7 EMERGENCY STOP DEVICES

6.8 SAFETY SWITCHES

6.9 VALVES

7 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM

7.1 OVERVIEW

7.2 SAFETY INSTRUMENTED SYSTEMS (SIS)

7.3 TURBO MACHINERY CONTROL (TMC)

7.4 SUPERVISORY CONTROL SYSTEM

7.5 BURNER MANAGEMENT SYSTEMS (BMS)

7.6 EMERGENCY SHUTDOWN SYSTEMS (ESD)

7.7 FIRE & GAS MONITORING CONTROL

7.8 INDUSTRIAL CONTROL SYSTEMS

7.9 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS (HIPPS)

7.10 DISTRIBUTED CONTROL SYSTEMS (DCS)

8 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER

8.1 OVERVIEW

8.2 OIL & GAS

8.3 METAL & MINING

8.4 RETAIL AND WHOLESALE

8.5 MANUFACTURING

8.6 FOOD & BEVERAGES

8.7 WATER & WASTEWATER

8.8 OTHERS

9 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION

9.1 OVERVIEW

9.2 NORTH AMERICA

9.2.1 US

9.2.2 CANADA

9.2.3 MEXICO

9.3 EUROPE

9.3.1 UK

9.3.2 GERMANY

9.3.3 FRANCE

9.3.4 REST OF EUROPE

9.4 ASIA-PACIFIC

9.4.1 CHINA

9.4.2 JAPAN

9.4.3 INDIA

9.4.4 REST OF ASIA-PACIFIC

9.5 REST OF THE WORLD

9.5.1 MIDDLE EAST & AFRICA

9.5.2 SOUTH AMERICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW

10.2 COMPETITIVE BENCHMARKING

11 COMPANY PROFILES

11.1 HONEYWELL INTERNATIONAL INC.

11.1.1 COMPANY OVERVIEW

11.1.2 FINANCIAL OVERVIEW

11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.1.4 KEY DEVELOPMENTS

11.1.5 SWOT ANALYSIS

11.1.6 KEY STRATEGIES

11.2 ABB LTD.

11.2.1 COMPANY OVERVIEW

11.2.2 FINANCIAL OVERVIEW

11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.2.4 KEY DEVELOPMENTS

11.2.5 SWOT ANALYSIS

11.2.6 KEY STRATEGIES

11.3 SCHNEIDER ELECTRIC SE

11.3.1 COMPANY OVERVIEW

11.3.2 FINANCIAL OVERVIEW

11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.3.4 KEY DEVELOPMENTS

11.3.5 SWOT ANALYSIS

11.3.6 KEY STRATEGIES

11.4 EMERSON ELECTRIC CO.

11.4.1 COMPANY OVERVIEW

11.4.2 FINANCIAL OVERVIEW

11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.4.4 KEY DEVELOPMENTS

11.4.5 SWOT ANALYSIS

11.4.6 KEY STRATEGIES

11.5 GENERAL ELECTRIC CO.

11.5.1 COMPANY OVERVIEW

11.5.2 FINANCIAL OVERVIEW

11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.5.4 KEY DEVELOPMENTS

11.5.5 SWOT ANALYSIS

11.5.6 KEY STRATEGIES

11.6 ENDRESS+HAUSER

11.6.1 COMPANY OVERVIEW

11.6.2 FINANCIAL OVERVIEW

11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.6.4 KEY DEVELOPMENTS

11.6.5 SWOT ANALYSIS

11.6.6 KEY STRATEGIES

11.7 SIEMENS AG

11.7.1 COMPANY OVERVIEW

11.7.2 FINANCIAL OVERVIEW

11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.7.4 KEY DEVELOPMENTS

11.7.5 SWOT ANALYSIS

11.7.6 KEY STRATEGIES

11.8 OMRON CORPORATION

11.8.1 COMPANY OVERVIEW

11.8.2 FINANCIAL OVERVIEW

11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.8.4 KEY DEVELOPMENTS

11.8.5 SWOT ANALYSIS

11.8.6 KEY STRATEGIES

11.9 ROCKWELL AUTOMATION INC.

11.9.1 COMPANY OVERVIEW

11.9.2 FINANCIAL OVERVIEW

11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.9.4 KEY DEVELOPMENTS

11.9.5 SWOT ANALYSIS

11.9.6 KEY STRATEGIES

11.10 YOKOGAWA ELECTRIC CORPORATION

11.10.1COMPANY OVERVIEW

11.10.2FINANCIAL OVERVIEW

11.10.3PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.10.4KEY DEVELOPMENTS

11.10.5SWOT ANALYSIS

11.10.6KEY STRATEGIES

12 LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 3 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 4 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 5 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION, 2023–2032 (USD MILLION)

TABLE 6 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023–2032 (USD MILLION)

TABLE 7 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 8 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 9 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 10 US: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 11 US: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 12 US: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 13 CANADA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 14 CANADA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 15 CANADA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 16 MEXICO: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 17 MEXICO: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 18 MEXICO: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 19 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023–2032 (USD MILLION)

TABLE 20 EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 21 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 22 EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 23 UK: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 24 UK: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 25 UK: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 26 GERMANY: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 27 GERMANY: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 28 GERMANY: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 29 FRANCE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 30 FRANCE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 31 FRANCE: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 32 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 33 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 34 REST OF EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 35 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023–2032 (USD MILLION)

TABLE 36 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 37 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 38 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 39 CHINA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 40 CHINA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 41 CHINA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 42 JAPAN: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 43 JAPAN: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 44 JAPAN: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 45 INDIA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 46 INDIA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 47 INDIA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 48 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 49 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 50 REST OF ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 51 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023–2032 (USD MILLION)

TABLE 52 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 53 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 54 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 55 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 56 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 57 MIDDLE EAST & AFRICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 58 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023–2032 (USD MILLION)

TABLE 59 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023–2032 (USD MILLION)

TABLE 60 SOUTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023–2032 (USD MILLION)

TABLE 61 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 62 ABB LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 63 ABB LTD.: KEY DEVELOPMENTS

TABLE 64 SCHNEIDER ELECTRIC SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 65 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 66 GENERAL ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 67 ENDRESS+HAUSER: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 68 SIEMENS AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 69 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 70 OMRON CORPORATION: KEY DEVELOPMENTS

TABLE 71 ROCKWELL AUTOMATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 72 ROCKWELL AUTOMATION INC.: KEY DEVELOPMENTS

TABLE 73 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 74 YOKOGAWA ELECTRIC CORPORATION: KEY DEVELOPMENTS

13 LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 FUNCTIONAL SAFETY MARKET STRUCTURE

FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES

FIGURE 4 MARKET DYNAMICS ANALYSIS OF THE GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 5 NUMBER OF MOBILE APP DOWNLOADS WORLDWIDE, 2023–2032 (IN BILLIONS)

FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 7 RESTRAINT IMPACT ANALYSIS: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 8 VALUE CHAIN: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 10 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023 VS 2032 (USD MILLION)

FIGURE 11 GLOBAL FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023 VS 2032 (USD MILLION)

FIGURE 12 GLOBAL FUNCTIONAL SAFETY MARKET, BY END USER, 2023 VS 2032 (USD MILLION)

FIGURE 13 GLOBAL FUNCTIONAL SAFETY MARKET, BY REGION, 2023 VS 2032 (USD MILLION)

FIGURE 14 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023 VS 2032 (USD MILLION)

FIGURE 15 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023 VS 2032 (USD MILLION)

FIGURE 16 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023 VS 2032 (USD MILLION)

FIGURE 17 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY END USER, 2023 VS 2032 (USD MILLION)

FIGURE 18 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023 VS 2032 (USD MILLION)

FIGURE 19 EUROPE: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023 VS 2032 (USD MILLION)

FIGURE 20 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023 VS 2032 (USD MILLION)

FIGURE 21 EUROPE: FUNCTIONAL SAFETY MARKET, BY END USER, 2023 VS 2032 (USD MILLION)

FIGURE 22 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023 VS 2032 (USD MILLION)

FIGURE 23 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023 VS 2032 (USD MILLION)

FIGURE 24 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023 VS 2032 (USD MILLION)

FIGURE 25 ASIA-PACIFIC: FUNCTIONAL SAFETY MARKET, BY END USER, 2023 VS 2032 (USD MILLION)

FIGURE 26 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2023 VS 2032 (USD MILLION)

FIGURE 27 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2023 VS 2032 (USD MILLION)

FIGURE 28 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2023 VS 2032 (USD MILLION)

FIGURE 29 REST OF THE WORLD: FUNCTIONAL SAFETY MARKET, BY END USER, 2023 VS 2032 (USD MILLION)

FIGURE 30 COMPETITVE BENCHMARKING: GLOBAL FUNCTIONAL SAFETY MARKET

FIGURE 31 HONEYWELL INTERNATIONAL INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 32 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS

FIGURE 33 ABB LTD.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 34 ABB LTD.: SWOT ANALYSIS

FIGURE 35 SCHNEIDER ELECTRIC SE: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 36 SCHNEIDER ELECTRIC SE: SWOT ANALYSIS

FIGURE 37 EMERSON ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 38 EMERSON ELECTRIC CO.: SWOT ANALYSIS

FIGURE 39 GENERAL ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 40 GENERAL ELECTRIC CO.: SWOT ANALYSIS

FIGURE 41 ENDRESS+HAUSER: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 42 ENDRESS+HAUSER: SWOT ANALYSIS

FIGURE 43 SIEMENS AG: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 44 SIEMENS AG: SWOT ANALYSIS

FIGURE 45 OMRON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 46 OMRON CORPORATION: SWOT ANALYSIS

FIGURE 47 ROCKWELL AUTOMATION INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 48 ROCKWELL AUTOMATION INC.: SWOT ANALYSIS

FIGURE 49 YOKOGAWA ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 50 YOKOGAWA ELECTRIC CORPORATION: SWOT ANALYSIS

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