Functional Safety Market by Safety Sensors (Emergency Stop, Temperature, Pressure, Gas), Safety Light Curtain, Safety Controller, Programmable Safety System, Safety Switches, TIC Analysis Type (Fault & Event Analysis), Robotics - Global Forecast to 2029

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS
• 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
    • 2.1.1.1 List of key secondary sources
    • 2.1.1.2 Key data from secondary sources
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 List of primary interview participants
    • 2.1.2.2 Breakdown of primaries
    • 2.1.2.3 Key data from primary sources
    • 2.1.2.4 Key industry insights
  • 2.1.3 SECONDARY AND PRIMARY RESEARCH
• 2.2 MARKET SIZE ESTIMATION METHODOLOGY
  • 2.2.1 BOTTOM-UP APPROACH
    • 2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
  • 2.2.2 TOP-DOWN APPROACH
    • 2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
• 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RESEARCH LIMITATIONS
• 2.6 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUNCTIONAL SAFETY MARKET
• 4.2 FUNCTIONAL SAFETY MARKET, BY DEVICE
• 4.3 FUNCTIONAL SAFETY MARKET, BY SYSTEM
• 4.4 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
• 4.5 FUNCTIONAL SAFETY MARKET, BY REGION
• 4.6 FUNCTIONAL SAFETY MARKET, BY COUNTRY

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Enforcement of stringent safety regulations by government authorities
    • 5.2.1.2 Increasing investment in oil and gas plants to meet energy demand
    • 5.2.1.3 Mounting adoption of advanced safety solutions to prevent accidents in industrial facilities
    • 5.2.1.4 Rapid digital transformation to revolutionize traditional manufacturing
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 High installation and maintenance costs
    • 5.2.2.2 Lack of awareness about safety devices
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Rising emphasis on occupational safety in developed countries
    • 5.2.3.2 Increasing deployment of IIoT technology in industries
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Complexities related to designing systems that comply with complex safety standards
    • 5.2.4.2 Shortage of skilled workforce
• 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.4 PROCESS FLOW ANALYSIS
• 5.5 PRICING ANALYSIS
  • 5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY DEVICE, 2023
  • 5.5.2 AVERAGE SELLING PRICE TREND, BY DEVICE, 2020-2023
  • 5.5.3 AVERAGE SELLING PRICE TREND, BY REGION, 2020-2023
• 5.6 SUPPLY CHAIN ANALYSIS
• 5.7 ECOSYSTEM ANALYSIS
• 5.8 TECHNOLOGY ANALYSIS
  • 5.8.1 KEY TECHNOLOGIES
    • 5.8.1.1 Computer vision
    • 5.8.1.2 Cybersecurity solutions
    • 5.8.1.3 5G
    • 5.8.1.4 Automated machine learning
  • 5.8.2 COMPLEMENTARY TECHNOLOGIES
    • 5.8.2.1 IIoT
    • 5.8.2.2 Predictive maintenance tools
  • 5.8.3 ADJACENT TECHNOLOGIES
    • 5.8.3.1 Virtual reality
    • 5.8.3.2 Remote monitoring systems
• 5.9 PATENT ANALYSIS
• 5.10 TRADE ANALYSIS
  • 5.10.1 IMPORT SCENARIO (HS CODE 8481)
  • 5.10.2 EXPORT SCENARIO (HS CODE 8481)
• 5.11 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.12 CASE STUDY ANALYSIS
  • 5.12.1 MP EQUIPMENT USES ALLEN BRADLEY GUARDMASTER SAFETY RELAYS TO PROVIDE STRUCTURED APPROACH TO SAFETY IMPLEMENTATION
  • 5.12.2 MP EQUIPMENT PARTNERS WITH ROCKWELL AUTOMATION TO REEVALUATE PROTEIN PORTIONING MACHINE DESIGN
  • 5.12.3 BP CHOSES EMERSON ELECTRIC CO.'S SAFETY SYSTEMS FOR OIL OVERSPILL PROTECTION
  • 5.12.4 FERTILIZER MANUFACTURER IN ASIA PACIFIC ADOPTS EMERSON ELECTRIC CO.'S INCUS ULTRASONIC SYSTEM TO IMPROVE GAS LEAK DETECTION
  • 5.12.5 EXIDA ESTABLISHES PROCEDURES TO SUPPORT IOWA FERTILIZER COMPANY IN MAINTENANCE AND OPERATION PHASE OF FUNCTIONAL SAFETY LIFECYCLE
• 5.13 INVESTMENT AND FUNDING SCENARIO
• 5.14 REGULATORY LANDSCAPE
  • 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.14.2 STANDARDS
• 5.15 PORTER'S FIVE FORCES ANALYSIS
  • 5.15.1 THREAT OF NEW ENTRANTS
  • 5.15.2 THREAT OF SUBSTITUTES
  • 5.15.3 BARGAINING POWER OF SUPPLIERS
  • 5.15.4 BARGAINING POWER OF BUYERS
  • 5.15.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.16.2 BUYING CRITERIA
• 5.17 IMPACT OF AI/GEN AI ON FUNCTIONAL SAFETY MARKET
  • 5.17.1 INTRODUCTION
  • 5.17.2 AI USE CASES

6 SIL TYPES FOR FUNCTIONAL SAFETY SYSTEMS

• 6.1 INTRODUCTION
• 6.2 SIL 2
• 6.3 SIL 3
• 6.4 SIL 4

7 SALES CHANNELS OF FUNCTIONAL SAFETY SYSTEMS

• 7.1 INTRODUCTION
• 7.2 DIRECT CHANNELS
• 7.3 DISTRIBUTORS/RESELLERS
• 7.4 SYSTEM INTEGRATORS

8 FUNCTIONAL SAFETY MARKET, BY APPLICATION

• 8.1 INTRODUCTION
• 8.2 ROBOTIC
  • 8.2.1 TRADITIONAL ROBOTS
    • 8.2.1.1 Escalating adoption in high-speed, high-force industrial environments to expedite segmental growth
  • 8.2.2 COLLABORATIVE ROBOTS
    • 8.2.2.1 Growing demand to ensure safe and dynamic human-robot collaborations to bolster segmental growth
• 8.3 NON-ROBOTIC
  • 8.3.1 RISING FOCUS ON WORKER SAFETY AND ENVIRONMENTAL PROTECTION TO ACCELERATE SEGMENTAL GROWTH

9 FUNCTIONAL SAFETY MARKET, BY DEVICE

• 9.1 INTRODUCTION
• 9.2 SAFETY SENSORS
  • 9.2.1 RISING ADOPTION TO INTEGRATE AUTOMATED SYSTEMS AND TRACK TOOLS TO BOOST SEGMENTAL GROWTH
    • 9.2.1.1 Emergency stop sensors
    • 9.2.1.2 Temperature sensors
    • 9.2.1.3 Pressure sensors
    • 9.2.1.4 Gas sensors
• 9.3 SAFETY CONTROLLERS/MODULES/RELAYS
  • 9.3.1 INCREASING USE TO MEET EXISTING SAFETY STANDARDS AND REDUCE RISKS TO ACCEPTABLE LEVEL TO FUEL SEGMENTAL GROWTH
• 9.4 PROGRAMMABLE SAFETY SYSTEMS
  • 9.4.1 ESCALATING ADOPTION TO OFFER SIGNAL ANALYSIS, EQUIPMENT STATUS MONITORING, AND OTHER DIAGNOSTICS TO DRIVE MARKET
• 9.5 SAFETY SWITCHES
  • 9.5.1 GROWING DEMAND DUE TO ABILITY TO SAFEGUARD EQUIPMENT AND PREVENT INJURIES TO AUGMENT SEGMENTAL GROWTH
• 9.6 VALVES
  • 9.6.1 RISING APPLICATION IN INDUSTRIAL SECTORS TO CONTRIBUTE TO SEGMENTAL GROWTH
• 9.7 ACTUATORS
  • 9.7.1 INCREASING USE IN OIL & GAS AND OTHER INDUSTRIES TO DRIVE MARKET
• 9.8 EMERGENCY STOP DEVICES
  • 9.8.1 MOUNTING NEED FOR SAFETY MEASURES DUE TO HIGH INCIDENCE OF INDUSTRIAL ACCIDENTS TO FOSTER SEGMENTAL GROWTH
• 9.9 OTHER DEVICES

10 FUNCTIONAL SAFETY MARKET, BY SERVICE

• 10.1 INTRODUCTION
• 10.2 TESTING, INSPECTION & CERTIFICATION
  • 10.2.1 INCREASING DEMAND FOR SAFETY-CERTIFIED SYSTEMS IN PROCESS INDUSTRIES TO BOOST SEGMENTAL GROWTH
  • 10.2.2 FAILURE MODES, EFFECTS, AND DIAGNOSTIC COVERAGE ANALYSIS (FMEDA)
  • 10.2.3 FAULT TREE ANALYSIS (FTA)
  • 10.2.4 EVENT TREE ANALYSIS (ETA)
  • 10.2.5 HAZARD & OPERABILITY STUDY (HAZOP)
• 10.3 DESIGN, ENGINEERING & MAINTENANCE
  • 10.3.1 RISING EMPHASIS ON COMPLIANCE WITH SAFETY STANDARDS TO FUEL SEGMENTAL GROWTH
• 10.4 TRAINING & CONSULTING SERVICES
  • 10.4.1 INCREASING NEED FOR HIGH-SKILLED AND TRAINED PERSONNEL TO MAINTAIN FUNCTIONAL SAFETY TO AUGMENT SEGMENTAL GROWTH

11 FUNCTIONAL SAFETY MARKET, BY SYSTEM

• 11.1 INTRODUCTION
• 11.2 EMERGENCY SHUTDOWN SYSTEMS
  • 11.2.1 RISING EMPHASIS ON INDUSTRIAL SAFETY AND OPERATIONAL RISK MITIGATION TO FUEL SEGMENTAL GROWTH
• 11.3 FIRE & GAS MONITORING CONTROL SYSTEMS
  • 11.3.1 INCREASING NEED FOR ASSET PROTECTION ACROSS VARIOUS INDUSTRIES TO BOOST SEGMENTAL GROWTH
• 11.4 TURBOMACHINERY CONTROL SYSTEMS
  • 11.4.1 GROWING ADOPTION OF ADVANCED POWER GENERATION TECHNOLOGIES TO CONTRIBUTE TO SEGMENTAL GROWTH
• 11.5 BURNER MANAGEMENT SYSTEMS
  • 11.5.1 INCREASING COMPLEXITY OF INDUSTRIAL PROCESSES AND NEED FOR RELIABLE SYSTEMS TO PREVENT HAZARDOUS EVENTS TO DRIVE MARKET
• 11.6 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS
  • 11.6.1 RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS TO SPUR SEGMENTAL GROWTH
• 11.7 DISTRIBUTED CONTROL SYSTEMS
  • 11.7.1 RISING NEED FOR PROCESS OPTIMIZATION, AUTOMATION, AND SAFETY ACROSS VARIOUS INDUSTRIES TO FUEL SEGMENTAL GROWTH
• 11.8 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS
  • 11.8.1 INCREASING NEED TO IMPROVE OPERATIONAL EFFICIENCY AND REAL-TIME MONITORING OF CRITICAL INFRASTRUCTURE TO DRIVE MARKET

12 FUNCTIONAL SAFETY MARKET, BY INDUSTRY

• 12.1 INTRODUCTION
• 12.2 OIL & GAS
  • 12.2.1 UPSTREAM
    • 12.2.1.1 Growing emphasis on optimizing exploration, drilling, and extraction processes to bolster segmental growth
  • 12.2.2 MIDSTREAM
    • 12.2.2.1 Increasing focus on pipeline maintenance to avoid cracking and bursting to fuel segmental growth
  • 12.2.3 DOWNSTREAM
    • 12.2.3.1 Rising need to address challenges associated with refining, marketing, and distributing end products to drive market
• 12.3 POWER GENERATION
  • 12.3.1 GROWING FOCUS ON ENERGY EFFICIENCY AND PRODUCTION OPTIMIZATION TO CONTRIBUTE TO SEGMENTAL GROWTH
• 12.4 CHEMICALS
  • 12.4.1 RISING EMPHASIS ON COST REDUCTION AND TRANSPORTATION IMPROVEMENT TO FOSTER SEGMENTAL GROWTH
• 12.5 FOOD & BEVERAGES
  • 12.5.1 GROWING AWARENESS ABOUT PENALTIES FOR NON-ADHERENCE TO SAFETY STANDARDS TO AUGMENT SEGMENTAL GROWTH
• 12.6 WATER & WASTEWATER TREATMENT
  • 12.6.1 INCREASING ADOPTION OF SAFETY SOLUTIONS TO SAFEGUARD PERSONNEL AND PLANT ENVIRONMENTS FROM SYSTEM FAILURES TO DRIVE MARKET
• 12.7 PHARMACEUTICALS
  • 12.7.1 GROWING FOCUS ON PREVENTING POTENTIAL HAZARDS AND ENSURING MACHINE SAFETY TO BOOST SEGMENTAL GROWTH
• 12.8 METALS & MINING
  • 12.8.1 RISING IMPLEMENTATION OF STRINGENT SAFETY REGULATIONS TO CONTRIBUTE TO SEGMENTAL GROWTH
• 12.9 AUTOMOTIVE
  • 12.9.1 INCREASING PREFERENCE FOR AUTONOMOUS VEHICLES TO ACCELERATE SEGMENTAL GROWTH
• 12.10 AEROSPACE
  • 12.10.1 MOUNTING DEMAND FOR INCREASINGLY ADVANCED, AUTONOMOUS, AND INTERCONNECTED SYSTEMS TO FUEL SEGMENTAL GROWTH
• 12.11 RAILWAYS
  • 12.11.1 INCREASING DEPLOYMENT OF SAFETY DEVICES TO MONITOR AND CONTROL SENSORS TO AUGMENT SEGMENTAL GROWTH
• 12.12 MEDICAL
  • 12.12.1 RISING ADOPTION OF SAFETY SOLUTIONS TO CONTROL MANUFACTURING PROCESSES TO CONTRIBUTE TO SEGMENTAL GROWTH
• 12.13 OTHER INDUSTRIES

13 FUNCTIONAL SAFETY MARKET, BY REGION

• 13.1 INTRODUCTION
• 13.2 EUROPE
  • 13.2.1 MACROECONOMIC OUTLOOK FOR EUROPE
  • 13.2.2 GERMANY
    • 13.2.2.1 Increasing deployment of Industry 4.0 to automate manufacturing operations to drive market
  • 13.2.3 UK
    • 13.2.3.1 Increasing commitment to maintaining safe operations in oil & gas sector to spur market growth
  • 13.2.4 FRANCE
    • 13.2.4.1 Rising concern about safety of chemical plants to augment market growth
  • 13.2.5 REST OF EUROPE
• 13.3 NORTH AMERICA
  • 13.3.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
  • 13.3.2 US
    • 13.3.2.1 Rising implementation of industrial safety standards and guidelines to foster market growth
  • 13.3.3 CANADA
    • 13.3.3.1 Growing emphasis on maintaining safety and minimizing emissions in oil & gas sector to boost market growth
  • 13.3.4 MEXICO
    • 13.3.4.1 Increasing production of petroleum and other liquids to contribute to market growth
• 13.4 ASIA PACIFIC
  • 13.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
  • 13.4.2 CHINA
    • 13.4.2.1 Flourishing manufacturing sector and electric vehicle adoption to boost market growth
  • 13.4.3 JAPAN
    • 13.4.3.1 Rising emphasis on implementing smart factory systems to augment market growth
  • 13.4.4 INDIA
    • 13.4.4.1 Increasing focus on electricity projects to contribute to market growth
  • 13.4.5 SOUTH KOREA
    • 13.4.5.1 Rising implementation of stringent safety measures at workplace to prevent industrial accidents to drive market
  • 13.4.6 REST OF ASIA PACIFIC
• 13.5 ROW
  • 13.5.1 MACROECONOMIC OUTLOOK FOR ROW
  • 13.5.2 MIDDLE EAST
    • 13.5.2.1 Rising oil and gas exploration activities to contribute to market growth
    • 13.5.2.2 GCC countries
    • 13.5.2.3 Rest of Middle East
  • 13.5.3 AFRICA
    • 13.5.3.1 Thriving power, chemicals, and mining industries to bolster market growth
  • 13.5.4 SOUTH AMERICA
    • 13.5.4.1 Increased adoption of automation solutions in industries to fuel market growth

14 COMPETITIVE LANDSCAPE

• 14.1 OVERVIEW
• 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2024
• 14.3 REVENUE ANALYSIS, 2019-2023
• 14.4 MARKET SHARE ANALYSIS, 2023
• 14.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
• 14.6 PRODUCT COMPARISON
• 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  • 14.7.1 STARS
  • 14.7.2 EMERGING LEADERS
  • 14.7.3 PERVASIVE PLAYERS
  • 14.7.4 PARTICIPANTS
  • 14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    • 14.7.5.1 Company footprint
    • 14.7.5.2 Region footprint
    • 14.7.5.3 Industry footprint
    • 14.7.5.4 Device footprint
    • 14.7.5.5 System footprint
• 14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • 14.8.1 PROGRESSIVE COMPANIES
  • 14.8.2 RESPONSIVE COMPANIES
  • 14.8.3 DYNAMIC COMPANIES
  • 14.8.4 STARTING BLOCKS
  • 14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    • 14.8.5.1 Detailed list of key startups/SMEs
    • 14.8.5.2 Competitive benchmarking of key startups/SMEs
• 14.9 COMPETITIVE SCENARIO
  • 14.9.1 PRODUCT LAUNCHES
  • 14.9.2 DEALS
  • 14.9.3 EXPANSIONS
  • 14.9.4 OTHER DEVELOPMENTS

15 COMPANY PROFILES

• 15.1 KEY PLAYERS
  • 15.1.1 SCHNEIDER ELECTRIC
    • 15.1.1.1 Business overview
    • 15.1.1.2 Products/Solutions/Services offered
    • 15.1.1.3 Recent developments
      • 15.1.1.3.1 Product launches
    • 15.1.1.4 MnM view
      • 15.1.1.4.1 Key strengths/Right to win
      • 15.1.1.4.2 Strategic choices
      • 15.1.1.4.3 Weaknesses/Competitive threats
  • 15.1.2 ABB
    • 15.1.2.1 Business overview
    • 15.1.2.2 Products/Solutions/Services offered
    • 15.1.2.3 Recent developments
      • 15.1.2.3.1 Product launches
      • 15.1.2.3.2 Deals
    • 15.1.2.4 MnM view
      • 15.1.2.4.1 Key strengths/Right to win
      • 15.1.2.4.2 Strategic choices
      • 15.1.2.4.3 Weaknesses/Competitive threats
  • 15.1.3 HONEYWELL INTERNATIONAL INC.
    • 15.1.3.1 Business overview
    • 15.1.3.2 Products/Solutions/Services offered
    • 15.1.3.3 Recent developments
      • 15.1.3.3.1 Product launches
      • 15.1.3.3.2 Expansions
    • 15.1.3.4 MnM view
      • 15.1.3.4.1 Key strengths/Right to win
      • 15.1.3.4.2 Strategic choices
      • 15.1.3.4.3 Weaknesses/Competitive threats
  • 15.1.4 EMERSON ELECTRIC CO.
    • 15.1.4.1 Business overview
    • 15.1.4.2 Products/Solutions/Services offered
    • 15.1.4.3 Recent developments
      • 15.1.4.3.1 Product launches
    • 15.1.4.4 MnM view
      • 15.1.4.4.1 Key strengths/Right to win
      • 15.1.4.4.2 Strategic choices
      • 15.1.4.4.3 Weaknesses/Competitive threats
  • 15.1.5 ROCKWELL AUTOMATION
    • 15.1.5.1 Business overview
    • 15.1.5.2 Products/Solutions/Services offered
    • 15.1.5.3 Recent developments
      • 15.1.5.3.1 Product launches
    • 15.1.5.4 MnM view
      • 15.1.5.4.1 Key strengths/Right to win
      • 15.1.5.4.2 Strategic choices
      • 15.1.5.4.3 Weaknesses/Competitive threats
  • 15.1.6 YOKOGAWA ELECTRIC CORPORATION
    • 15.1.6.1 Business overview
    • 15.1.6.2 Products/Solutions/Services offered
    • 15.1.6.3 Recent developments
      • 15.1.6.3.1 Product launches
      • 15.1.6.3.2 Other developments
  • 15.1.7 HIMA
    • 15.1.7.1 Business overview
    • 15.1.7.2 Products/Solutions/Services offered
    • 15.1.7.3 Recent developments
      • 15.1.7.3.1 Product launches
  • 15.1.8 GENERAL ELECTRIC COMPANY
    • 15.1.8.1 Business overview
    • 15.1.8.2 Products/Solutions/Services offered
  • 15.1.9 OMRON CORPORATION
    • 15.1.9.1 Business overview
    • 15.1.9.2 Products/Solutions/Services offered
  • 15.1.10 SIEMENS
    • 15.1.10.1 Business overview
    • 15.1.10.2 Products/Solutions/Services offered
  • 15.1.11 JOHNSON CONTROLS INC.
    • 15.1.11.1 Business overview
    • 15.1.11.2 Products/Solutions/Services offered
    • 15.1.11.3 Recent developments
      • 15.1.11.3.1 Product launches
      • 15.1.11.3.2 Expansions
  • 15.1.12 DEKRA
    • 15.1.12.1 Business overview
    • 15.1.12.2 Products/Solutions/Services offered
    • 15.1.12.3 Recent developments
      • 15.1.12.3.1 Other developments
  • 15.1.13 TUV RHEINLAND
    • 15.1.13.1 Business overview
    • 15.1.13.2 Products/Solutions/Services offered
    • 15.1.13.3 Recent developments
      • 15.1.13.3.1 Deals
  • 15.1.14 BALLUFF GMBH
    • 15.1.14.1 Business overview
    • 15.1.14.2 Products/Solutions/Services offered
  • 15.1.15 ENDRESS+HAUSER GROUP SERVICES AG
    • 15.1.15.1 Business overview
    • 15.1.15.2 Products/Solutions/Services offered
    • 15.1.15.3 Recent developments
      • 15.1.15.3.1 Deals
• 15.2 OTHER KEY PLAYERS
  • 15.2.1 SLB
  • 15.2.2 VELAN INC.
  • 15.2.3 PALADON SYSTEMS S.R.L.
  • 15.2.4 INTERTEK GROUP PLC
  • 15.2.5 SGS GENERAL SURVEILLANCE COMPANY SA.
  • 15.2.6 WEIDMULLER INTERFACE GMBH & CO. KG
  • 15.2.7 SMC CORPORATION
  • 15.2.8 TEXAS INSTRUMENTS INCORPORATED
  • 15.2.9 WITTENSTEIN HIGH INTEGRITY SYSTEMS LTD
  • 15.2.10 IMAGINATION TECHNOLOGIES

16 APPENDIX

• 16.1 INSIGHTS FROM INDUSTRY EXPERTS
• 16.2 DISCUSSION GUIDE
• 16.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 16.4 CUSTOMIZATION OPTIONS
• 16.5 RELATED REPORTS
• 16.6 AUTHOR DETAILS

List of Tables

• TABLE 1 FUNCTIONAL SAFETY MARKET: RISK ANALYSIS
• TABLE 2 INDICATIVE PRICING OF FUNCTIONAL SAFETY SOLUTIONS OFFERED BY KEY PLAYERS, BY DEVICE, 2023 (USD)
• TABLE 3 INDICATIVE PRICING OF FUNCTIONAL SAFETY SOLUTIONS, 2023 (USD)
• TABLE 4 AVERAGE SELLING PRICE TREND OF FUNCTIONAL SAFETY SOLUTIONS, BY DEVICE, 2020-2023 (USD THOUSAND)
• TABLE 5 ROLE OF COMPANIES IN FUNCTIONAL SAFETY ECOSYSTEM
• TABLE 6 LIST OF MAJOR PATENTS, 2021-2023
• TABLE 7 IMPORT DATA FOR HS CODE 8481-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION)
• TABLE 8 EXPORT DATA FOR HS CODE 8481-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION)
• TABLE 9 LIST OF KEY CONFERENCES & EVENTS, 2025-2026
• TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• TABLE 14 STANDARDS FOR FUNCTIONAL SAFETY DEVICES
• TABLE 15 PORTER'S FIVE FORCES ANALYSIS
• TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
• TABLE 17 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
• TABLE 18 FUNCTIONAL SAFETY MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
• TABLE 19 FUNCTIONAL SAFETY MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
• TABLE 20 ROBOTIC: FUNCTIONAL SAFETY MARKET, BY ROBOT TYPE, 2020-2023 (USD MILLION)
• TABLE 21 ROBOTIC: FUNCTIONAL SAFETY MARKET, BY ROBOT TYPE, 2024-2029 (USD MILLION)
• TABLE 22 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 23 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 24 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (THOUSAND UNITS)
• TABLE 25 FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (THOUSAND UNITS)
• TABLE 26 SAFETY SENSORS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 27 SAFETY SENSORS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 28 SAFETY CONTROLLERS/MODULES/RELAYS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 29 SAFETY CONTROLLERS/MODULES/RELAYS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 30 PROGRAMMABLE SAFETY SYSTEMS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 31 PROGRAMMABLE SAFETY SYSTEMS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 32 SAFETY SWITCHES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 33 SAFETY SWITCHES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 34 VALVES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 35 VALVES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 36 ACTUATORS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 37 ACTUATORS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 38 THREE COMMON TYPES OF EMERGENCY STOP DEVICES
• TABLE 39 EMERGENCY STOP DEVICES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 40 EMERGENCY STOP DEVICES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 41 OTHER DEVICES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 42 OTHER DEVICES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 43 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2020-2023 (USD MILLION)
• TABLE 44 FUNCTIONAL SAFETY MARKET, BY SERVICE, 2024-2029 (USD MILLION)
• TABLE 45 FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 46 FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 47 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 48 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 49 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 50 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 51 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 52 EMERGENCY SHUTDOWN SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 53 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 54 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 55 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 56 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 57 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 58 FIRE & GAS MONITORING CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 59 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 60 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 61 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 62 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 63 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 64 TURBOMACHINERY CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 65 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 66 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 67 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 68 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 69 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 70 BURNER MANAGEMENT SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 71 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 72 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 73 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 74 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 75 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 76 HIGH INTEGRITY PRESSURE PROTECTION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 77 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 78 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 79 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 80 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 81 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 82 DISTRIBUTED CONTROL SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 83 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2020-2023 (USD MILLION)
• TABLE 84 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY DEVICE, 2024-2029 (USD MILLION)
• TABLE 85 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 86 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 87 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 88 SUPERVISORY CONTROL & DATA ACQUISITION SYSTEMS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 89 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 90 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 91 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY STREAM, 2020-2023 (USD MILLION)
• TABLE 92 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY STREAM, 2024-2029 (USD MILLION)
• TABLE 93 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 94 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 95 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 96 OIL & GAS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 97 POWER GENERATION: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 98 POWER GENERATION: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 99 POWER GENERATION: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 100 POWER GENERATION: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 101 CHEMICALS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 102 CHEMICALS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 103 CHEMICALS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 104 CHEMICALS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 105 FOOD & BEVERAGES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 106 FOOD & BEVERAGES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 107 FOOD & BEVERAGES: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 108 FOOD & BEVERAGES: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 109 WATER & WASTEWATER TREATMENT: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 110 WATER & WASTEWATER TREATMENT: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 111 WATER & WASTEWATER TREATMENT: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 112 WATER & WASTEWATER TREATMENT: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 113 PHARMACEUTICALS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 114 PHARMACEUTICALS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 115 PHARMACEUTICALS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 116 PHARMACEUTICALS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 117 METALS & MINING: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 118 METALS & MINING: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 119 METALS & MINING: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 120 METALS & MINING: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 121 AUTOMOTIVE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 122 AUTOMOTIVE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 123 AUTOMOTIVE: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 124 AUTOMOTIVE: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 125 AEROSPACE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 126 AEROSPACE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 127 AEROSPACE: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 128 AEROSPACE: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 129 RAILWAYS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 130 RAILWAYS: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 131 RAILWAYS: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 132 RAILWAYS: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 133 MEDICAL: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 134 MEDICAL: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 135 MEDICAL: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 136 MEDICAL: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 137 OTHER INDUSTRIES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 138 OTHER INDUSTRIES: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 139 OTHER INDUSTRIES: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 140 OTHER INDUSTRIES: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 141 FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 142 FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 143 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
• TABLE 144 EUROPE: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
• TABLE 145 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 146 EUROPE: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 147 EUROPE: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 148 EUROPE: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 149 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
• TABLE 150 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
• TABLE 151 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 152 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 153 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 154 NORTH AMERICA: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 155 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
• TABLE 156 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
• TABLE 157 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 158 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 159 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 160 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 161 ROW: FUNCTIONAL SAFETY MARKET, BY REGION, 2020-2023 (USD MILLION)
• TABLE 162 ROW: FUNCTIONAL SAFETY MARKET, BY REGION, 2024-2029 (USD MILLION)
• TABLE 163 MIDDLE EAST: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
• TABLE 164 MIDDLE EAST: FUNCTIONAL SAFETY MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
• TABLE 165 ROW: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2020-2023 (USD MILLION)
• TABLE 166 ROW: FUNCTIONAL SAFETY MARKET, BY SYSTEM, 2024-2029 (USD MILLION)
• TABLE 167 ROW: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
• TABLE 168 ROW: FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
• TABLE 169 FUNCTIONAL SAFETY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2022-SEPTEMBER 2024
• TABLE 170 FUNCTIONAL SAFETY MARKET: DEGREE OF COMPETITION, 2023
• TABLE 171 FUNCTIONAL SAFETY MARKET: REGION FOOTPRINT
• TABLE 172 FUNCTIONAL SAFETY MARKET: INDUSTRY FOOTPRINT
• TABLE 173 FUNCTIONAL SAFETY MARKET: DEVICE FOOTPRINT
• TABLE 174 FUNCTIONAL SAFETY MARKET: SYSTEM FOOTPRINT
• TABLE 175 FUNCTIONAL SAFETY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
• TABLE 176 FUNCTIONAL SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
• TABLE 177 FUNCTIONAL SAFETY MARKET: PRODUCT LAUNCHES, JANUARY 2022-SEPTEMBER 2024
• TABLE 178 FUNCTIONAL SAFETY MARKET: DEALS, JANUARY 2022-SEPTEMBER 2024
• TABLE 179 FUNCTIONAL SAFETY MARKET: EXPANSIONS, JANUARY 2022-SEPTEMBER 2024
• TABLE 180 FUNCTIONAL SAFETY MARKET: OTHER DEVELOPMENTS, JANUARY 2022-SEPTEMBER 2024
• TABLE 181 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
• TABLE 182 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 183 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
• TABLE 184 ABB: COMPANY OVERVIEW
• TABLE 185 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 186 ABB: PRODUCT LAUNCHES
• TABLE 187 ABB: DEALS
• TABLE 188 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
• TABLE 189 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 190 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
• TABLE 191 HONEYWELL INTERNATIONAL INC.: EXPANSIONS
• TABLE 192 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
• TABLE 193 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 194 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
• TABLE 195 ROCKWELL AUTOMATION: COMPANY OVERVIEW
• TABLE 196 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 197 ROCKWELL AUTOMATION: PRODUCT LAUNCHES
• TABLE 198 YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW
• TABLE 199 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 200 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
• TABLE 201 YOKOGAWA ELECTRIC CORPORATION: OTHER DEVELOPMENTS
• TABLE 202 HIMA: COMPANY OVERVIEW
• TABLE 203 HIMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 204 HIMA: PRODUCT LAUNCHES
• TABLE 205 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW
• TABLE 206 GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 207 OMRON CORPORATION: COMPANY OVERVIEW
• TABLE 208 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 209 SIEMENS: COMPANY OVERVIEW
• TABLE 210 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 211 JOHNSON CONTROLS INC.: COMPANY OVERVIEW
• TABLE 212 JOHNSON CONTROLS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 213 JOHNSON CONTROLS INC.: PRODUCT LAUNCHES
• TABLE 214 JOHNSON CONTROLS INC.: EXPANSIONS
• TABLE 215 DEKRA: COMPANY OVERVIEW
• TABLE 216 DEKRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 217 DEKRA: OTHER DEVELOPMENTS
• TABLE 218 TUV RHEINLAND: COMPANY OVERVIEW
• TABLE 219 TUV RHEINLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 220 TUV RHEINLAND: DEALS
• TABLE 221 BALLUFF GMBH: COMPANY OVERVIEW
• TABLE 222 BALLUFF GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 223 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY OVERVIEW
• TABLE 224 ENDRESS+HAUSER GROUP SERVICES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
• TABLE 225 ENDRESS+HAUSER GROUP SERVICES AG: DEALS

List of Figures

• FIGURE 1 FUNCTIONAL SAFETY MARKET: RESEARCH DESIGN
• FIGURE 2 FUNCTIONAL SAFETY MARKET: BOTTOM-UP APPROACH
• FIGURE 3 FUNCTIONAL SAFETY MARKET: TOP-DOWN APPROACH
• FIGURE 4 FUNCTIONAL SAFETY MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE)
• FIGURE 5 FUNCTIONAL SAFETY MARKET: DATA TRIANGULATION
• FIGURE 6 FUNCTIONAL SAFETY MARKET: RESEARCH ASSUMPTIONS
• FIGURE 7 FUNCTIONAL SAFETY MARKET, 2020-2029 (USD MILLION)
• FIGURE 8 PROGRAMMABLE SAFETY SYSTEMS SEGMENT TO RECORD HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD
• FIGURE 9 EMERGENCY SHUTDOWN SYSTEMS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
• FIGURE 10 DESIGN, ENGINEERING & MAINTENANCE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
• FIGURE 11 NON-ROBOTIC SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2023
• FIGURE 12 OIL & GAS SEGMENT TO DOMINATE FUNCTIONAL SAFETY MARKET BETWEEN 2024 AND 2029
• FIGURE 13 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN FUNCTIONAL SAFETY MARKET FROM 2024 TO 2029
• FIGURE 14 RISING IMPLEMENTATION OF STRICT MANDATES AND SAFETY REGULATIONS TO FUEL MARKET GROWTH DURING FORECAST PERIOD
• FIGURE 15 SAFETY SENSORS TO CAPTURE LARGEST MARKET SHARE FROM 2024 TO 2029
• FIGURE 16 FIRE & GAS MONITORING CONTROL SYSTEMS SEGMENT TO REGISTER HIGHEST CAGR FROM 2024 TO 2029
• FIGURE 17 OIL & GAS SEGMENT TO CAPTURE LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2029
• FIGURE 18 EUROPE TO DOMINATE FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD
• FIGURE 19 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL FUNCTIONAL SAFETY MARKET FROM 2024 TO 2029
• FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
• FIGURE 21 IMPACT ANALYSIS: DRIVERS
• FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
• FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES
• FIGURE 24 IMPACT ANALYSIS: CHALLENGES
• FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• FIGURE 26 PROCESS FLOW ANALYSIS
• FIGURE 27 AVERAGE SELLING PRICE TREND OF FUNCTIONAL SAFETY SOLUTIONS OFFERED BY KEY PLAYERS, BY DEVICE, 2023
• FIGURE 28 AVERAGE SELLING PRICE TREND OF FUNCTIONAL SAFETY SOLUTIONS, BY DEVICE, 2020-2023
• FIGURE 29 AVERAGE SELLING PRICE TREND OF FUNCTIONAL SAFETY SOLUTIONS, BY REGION, 2020-2023
• FIGURE 30 SUPPLY CHAIN ANALYSIS
• FIGURE 31 ECOSYSTEM ANALYSIS
• FIGURE 32 PATENT APPLIED AND GRANTED, 2014-2023
• FIGURE 33 IMPORT DATA FOR HS CODE 8481-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019-2023
• FIGURE 34 EXPORT DATA FOR HS CODE 8481-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019-2023
• FIGURE 35 INVESTMENT AND FUNDING SCENARIO, 2020-2024
• FIGURE 36 PORTER'S FIVE FORCES ANALYSIS
• FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
• FIGURE 38 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
• FIGURE 39 AI USE CASES
• FIGURE 40 PERCENTAGE CONTRIBUTIONS OF SIL TYPES FOR FUNCTIONAL SAFETY SYSTEMS, 2023
• FIGURE 41 PERCENTAGE CONTRIBUTION OF SALES CHANNELS OF FUNCTIONAL SAFETY, 2023
• FIGURE 42 NON-ROBOTIC SEGMENT ACCOUNTED FOR LARGER SHARE OF FUNCTIONAL SAFETY MARKET IN 2023
• FIGURE 43 FUNCTIONAL SAFETY MARKET, BY DEVICE
• FIGURE 44 SAFETY SENSORS SEGMENT TO HOLD LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2024
• FIGURE 45 FUNCTIONAL SAFETY MARKET, BY SERVICE
• FIGURE 46 FUNCTIONAL SAFETY MARKET, BY SYSTEM
• FIGURE 47 EMERGENCY SHUTDOWN SYSTEMS SEGMENT TO CAPTURE LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2029
• FIGURE 48 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
• FIGURE 49 OIL & GAS SEGMENT TO HOLD LARGEST SHARE OF FUNCTIONAL SAFETY MARKET IN 2029
• FIGURE 50 FUNCTIONAL SAFETY MARKET, BY REGION
• FIGURE 51 EUROPE: FUNCTIONAL SAFETY MARKET SNAPSHOT
• FIGURE 52 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN FUNCTIONAL SAFETY MARKET DURING FORECAST PERIOD
• FIGURE 53 NORTH AMERICA: FUNCTIONAL SAFETY MARKET SNAPSHOT
• FIGURE 54 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN FUNCTIONAL SAFETY MARKET IN 2024
• FIGURE 55 ASIA PACIFIC: FUNCTIONAL SAFETY MARKET SNAPSHOT
• FIGURE 56 CHINA TO DOMINATE ASIA PACIFIC FUNCTIONAL SAFETY MARKET BETWEEN 2024 AND 2029
• FIGURE 57 MIDDLE EAST TO CAPTURE LARGEST SHARE OF ROW FUNCTIONAL SAFETY MARKET IN 2029
• FIGURE 58 FUNCTIONAL SAFETY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019-2023
• FIGURE 59 MARKET SHARE ANALYSIS OF COMPANIES OFFERING FUNCTIONAL SAFETY SOLUTIONS, 2023
• FIGURE 60 COMPANY VALUATION, 2024
• FIGURE 61 FINANCIAL METRICS, 2024 (EV/EBITDA)
• FIGURE 62 PRODUCT COMPARISON
• FIGURE 63 FUNCTIONAL SAFETY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
• FIGURE 64 FUNCTIONAL SAFETY MARKET: COMPANY FOOTPRINT
• FIGURE 65 FUNCTIONAL SAFETY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
• FIGURE 66 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
• FIGURE 67 ABB: COMPANY SNAPSHOT
• FIGURE 68 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
• FIGURE 69 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
• FIGURE 70 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
• FIGURE 71 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
• FIGURE 72 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
• FIGURE 73 OMRON CORPORATION: COMPANY SNAPSHOT
• FIGURE 74 SIEMENS: COMPANY SNAPSHOT
• FIGURE 75 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT
• FIGURE 76 DEKRA: COMPANY SNAPSHOT
• FIGURE 77 TUV RHEINLAND: COMPANY SNAPSHOT
• FIGURE 78 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT