Functional Safety Market Size, Share, Trend, Forecast 2021 – 2030
The Global Functional Safety Market Size is expected to reach USD 12.97 billion by 2030, at a CAGR of 11.94% during the forecast period 2021 to 2030. Functional safety is the aspect of an equipment increased security that varies depending on automatic protection correctly responding to inputs or failing in a linear pattern. The automatic protection system is needed to handle potential technical intervention, extraneous variables, equipment failures, and operations and maintenance burnout.