세계의 기능 안전 시장 규모, 점유율, 성장 분석 : 디바이스별, 시스템별, 최종 용도별, 지역별 - 산업 예측(2025-2032년)

Functional Safety Market size was valued at USD 6.4 billion in 2023 and is poised to grow from USD 6.82 billion in 2024 to USD 11.28 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The global functional safety market is experiencing significant growth, propelled by increasing safety demands across sectors such as manufacturing, automotive, and energy. Drivers of this expansion include the need for advanced safety systems, adherence to stringent regulations, and advancements in technologies like IoT and AI. However, challenges such as implementation complexities and substantial compliance costs persist. Intense competition among key players is pushing vendors to focus on innovation and establish strategic partnerships. While North America and Europe represent major markets, the Asia-Pacific region is emerging as a promising area for expansion. This landscape indicates a shift towards integrated safety solutions that align with evolving technological needs.

Top-down and bottom-up approaches were used to estimate and validate the size of the Functional Safety market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Functional Safety Market Segments Analysis

Global Functional Safety Market is segmented by Device, System, End Use and region. Based on Device, the market is segmented into Actuators, Safety Sensors, Final Control Elements, Safety Controllers, Modules, Relays and Programmable Safety Systems. Based on System, the market is segmented into Safety Instrumented Systems, Turbo Machinery Control (TMC), Supervisory Control System, Burner Management Systems (BMS) and Emergency Shutdown Systems (ESD). Based on End Use, the market is segmented into Oil & Gas, Metal and Mining, Pharmaceuticals and Biotech, Retail and Wholesale and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Functional Safety Market

The increasing emphasis on workplace safety across various sectors, particularly in manufacturing, oil and gas, and the automotive industry, drives the demand for effective functional safety solutions. Stringent regulations and industry standards compel companies to improve their safety protocols to mitigate risks and ensure compliance. Furthermore, the incorporation of Industry 4.0 technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), within industrial operations enhances the effectiveness of safety systems, further boosting their adoption. This combination of regulatory pressures and technological advancements fosters a significant growth trajectory for the functional safety market.

Restraints in the Functional Safety Market

The adoption of functional safety standards presents significant challenges and serves as a key constraint within the market. Organizations often struggle to comply with intricate safety regulations, leading to potential delays and increased costs. The complexity of implementing effective functional safety systems can burden companies, especially smaller enterprises that may lack the resources to absorb the high initial investment associated with robust safety measures. Consequently, these financial obstacles can hinder their ability to establish reliable safety protocols, ultimately affecting the overall growth and progress of the functional safety market.

Market Trends of the Functional Safety Market

The Functional Safety market is experiencing a significant trend towards the integration with Industrial Internet of Things (IIoT) and Artificial Intelligence (AI), enhancing the efficacy of safety systems through real-time monitoring and predictive capabilities. This convergence not only addresses the complexities of connected industrial environments but also fosters a unified approach to both safety and cybersecurity, ensuring robust protection against emerging threats. Additionally, a move towards standardized platforms and procedures is facilitating accessibility and consistent implementation of functional safety systems across various industries. This trend is poised to drive innovation and growth in the Functional Safety market as organizations prioritize safety in their technological advancements.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies
• Technological Advancement

Global Functional Safety Market Size by Device & CAGR (2025-2032)

• Market Overview
• Actuators
• Safety Sensors
• Final Control Elements
• Safety Controllers
• Modules
• Relays
• Programmable Safety Systems

Global Functional Safety Market Size by System & CAGR (2025-2032)

• Market Overview
• Safety Instrumented Systems
• Turbo Machinery Control (TMC)
• Supervisory Control System
• Burner Management Systems (BMS)
• Emergency Shutdown Systems (ESD)

Global Functional Safety Market Size by End Use & CAGR (2025-2032)

• Market Overview
• Oil & Gas
• Metal and Mining
• Pharmaceuticals and Biotech
• Retail and Wholesale
• Others

Global Functional Safety Market Size & CAGR (2025-2032)

• North America (Device, System, End Use)
  • US
  • Canada
• Europe (Device, System, End Use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Device, System, End Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Device, System, End Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Device, System, End Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Schneider Electric (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ABB Ltd. (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honeywell International Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Emerson Electric Co. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rockwell Automation Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yokogawa Electric Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HIMA Paul Hildebrandt GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Omron Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DEKRA Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Endress+Hauser Management AG (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SICK AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panasonic Industry Europe GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pepperl+Fuchs (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Banner Engineering Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TUV Rheinland (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Intertek Group plc (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Balluff Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pilz GmbH & Co. KG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations