From GlobeNewswire: 2025-06-06 07:01:00

The global Functional Safety market is experiencing significant growth due to increased automation and stricter regulations. The market is expected to reach US$13.00 billion by 2031, growing at a CAGR of 7.9%. Industries like manufacturing, automotive, and energy are investing in sophisticated safety systems to reduce risks.

As automation systems become more complex, industries require robust safety mechanisms to monitor and control processes. Functional safety systems help ensure machinery operates within safe limits. Compliance with regulations like ISO 26262 and IEC 61508 is crucial to reduce legal liabilities and improve product reliability.

The integration of AI and machine learning in safety systems is a growing trend, enabling real-time data analysis and predictive maintenance. These technologies enhance fault detection accuracy and decision-making in complex environments like autonomous vehicles and smart factories.

In 2024, North America led the Functional Safety market in revenue, followed by Asia Pacific and Europe. Asia Pacific is expected to register the highest CAGR during the forecast period. The market is segmented based on offerings, systems, end-user industries, and geographic regions.

Key players in the Functional Safety market include ABLIC, Murata, and Red Hat, focusing on trends like AI, ML, and IoT. Companies can purchase a premium copy of the market report to stay updated on the latest trends and developments in the industry.

The Functional Safety market is poised for significant growth driven by automation, regulations, and advanced technologies. Industries across various sectors will continue to demand robust safety solutions to ensure sustainable and reliable operations in the future. For more information, contact Ankit Mathur at [email protected] or +1-646-491-9876.



Read more at GlobeNewswire: Functional Safety Market Size expected to reach US$ 13.00