Functional Safety Market Growth to Hit USD 14.7 Billion by 2033 | Key Drivers & Trends

The global functional safety market was valued at USD 6.5 billion in 2024 and is projected to soar to USD 14.7 billion by 2033, growing at a robust CAGR of 9.5%. This surge is fueled by increased automation, strict safety regulations, and the rising need for dependable safety systems in hazardous industries. Key sectors like automotive, oil & gas, and manufacturing are driving demand, while ongoing technological advancements. Visit us- https://www.imarcgroup.com/fun....ctional-safety-marke