Functional Safety Market Trends and Insights: Growth at 10.04% CAGR, Projected to Reach USD 5.48 Billion by 2029
The global Functional Safety Market was valued at USD 5.48 billion in 2023 and is projected to grow at a robust CAGR of 10.04% through 2029. This growth is driven by an increasing emphasis on regulatory compliance, advancements in technology, and the integration of safety systems across industries such as automotive, oil and gas, and manufacturing. However, challenges such as… Read More »