Functional Safety Market Research Report by System, By Industry, By Region, Size, Share, Report Analysis to 2020-2027

The Functional Safety Market was valued at USD 5,379 Million in 2019 and is anticipated to grow a CAGR of 8.3% over the forecast period (2020-2027). The factors driving the growth of Functional Safety Market includes increasing application of functional safety systems in end-use industries such as oil & gas, power and manufacturing, growing focus on improving functional safety standards, strict regulations imposed by safety associations and continuous upgradation in robotics.

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