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Functional Safety Devices-Global Market Insights and Sales Trends 2025

Functional Safety Devices-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1817023

No of Pages : 115

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Synopsis
Functional safety device is part of the overall safety of a system or piece of equipment and generally focuses on electronics and related software. It looks at aspects of safety that relate to the function of a device and ensures that it works correctly in response to commands it receives. In a systemic approach Functional safety identifies potentially dangerous conditions, situations or events that could result in an accident that could harm somebody or destroy something. It enables corrective or preventive actions to avoid or reduce the impact of an accident.
The global Functional Safety Devices market size is expected to reach US$ 11330 million by 2029, growing at a CAGR of 8.5% from 2023 to 2029. The market is mainly driven by the significant applications of Functional Safety Devices in various end use industries. The expanding demands from the Automotive, Rail Transit, Chemical and Oil and Gas, are propelling Functional Safety Devices market. Safety Sensors, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Safety PLCs segment is estimated at % CAGR for the next seven-year period.
Global Functional Safety Devices key players include Siemens, ABB, Schneider, Honeywell, etc. Global top four manufacturers hold a share about 55%.
Europe is the largest market, with a share about 40%, followed by China, and North America, both have a share over 40 percent.
In terms of product, Safety Sensors is the largest segment, with a share over 25%. And in terms of application, the largest application is Oil and Gas, followed by Power Generation, Automotive, Rail Transit, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Functional Safety Devices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Functional Safety Devices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Functional Safety Devices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Functional Safety Devices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Functional Safety Devices covered in this report include Siemens, ABB, Schneider, Honeywell, Rockwell Automation, Mitsubishi Electric, Emerson, Yokogawa Electric and GE, etc.
The global Functional Safety Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Siemens
ABB
Schneider
Honeywell
Rockwell Automation
Mitsubishi Electric
Emerson
Yokogawa Electric
GE
Omron
TE Connectivity
SICK
PILZ
HIMA Paul Hildebrandt
Endress+Hauser
Eaton
Global Functional Safety Devices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Functional Safety Devices market, Segment by Type:
Safety Sensors
Safety PLCs
Safety Relays
Safety Valves
Safety Actuators
Safety Switchs
Others
Global Functional Safety Devices market, by Application
Automotive
Rail Transit
Chemical
Oil and Gas
Medical
Power Generation
Elevator and Escalator
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Functional Safety Devices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Functional Safety Devices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Functional Safety Devices Market Overview
1.1 Functional Safety Devices Product Overview
1.2 Functional Safety Devices Market Segment by Type
1.2.1 Safety Sensors
1.2.2 Safety PLCs
1.2.3 Safety Relays
1.2.4 Safety Valves
1.2.5 Safety Actuators
1.2.6 Safety Switchs
1.2.7 Others
1.3 Global Functional Safety Devices Market Size by Type
1.3.1 Global Functional Safety Devices Market Size Overview by Type (2018-2029)
1.3.2 Global Functional Safety Devices Historic Market Size Review by Type (2018-2023)
1.3.3 Global Functional Safety Devices Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Functional Safety Devices Sales Breakdown by Type (2018-2023)
1.4.2 Europe Functional Safety Devices Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Functional Safety Devices Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Functional Safety Devices Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Functional Safety Devices Sales Breakdown by Type (2018-2023)
2 Global Functional Safety Devices Market Competition by Company
2.1 Global Top Players by Functional Safety Devices Sales (2018-2023)
2.2 Global Top Players by Functional Safety Devices Revenue (2018-2023)
2.3 Global Top Players by Functional Safety Devices Price (2018-2023)
2.4 Global Top Manufacturers Functional Safety Devices Manufacturing Base Distribution, Sales Area, Product Type
2.5 Functional Safety Devices Market Competitive Situation and Trends
2.5.1 Functional Safety Devices Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Functional Safety Devices Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Functional Safety Devices as of 2022)
2.7 Date of Key Manufacturers Enter into Functional Safety Devices Market
2.8 Key Manufacturers Functional Safety Devices Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Functional Safety Devices Status and Outlook by Region
3.1 Global Functional Safety Devices Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Functional Safety Devices Historic Market Size by Region
3.2.1 Global Functional Safety Devices Sales in Volume by Region (2018-2023)
3.2.2 Global Functional Safety Devices Sales in Value by Region (2018-2023)
3.2.3 Global Functional Safety Devices Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Functional Safety Devices Forecasted Market Size by Region
3.3.1 Global Functional Safety Devices Sales in Volume by Region (2024-2029)
3.3.2 Global Functional Safety Devices Sales in Value by Region (2024-2029)
3.3.3 Global Functional Safety Devices Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Functional Safety Devices by Application
4.1 Functional Safety Devices Market Segment by Application
4.1.1 Automotive
4.1.2 Rail Transit
4.1.3 Chemical
4.1.4 Oil and Gas
4.1.5 Medical
4.1.6 Power Generation
4.1.7 Elevator and Escalator
4.1.8 Others
4.2 Global Functional Safety Devices Market Size by Application
4.2.1 Global Functional Safety Devices Market Size Overview by Application (2018-2029)
4.2.2 Global Functional Safety Devices Historic Market Size Review by Application (2018-2023)
4.2.3 Global Functional Safety Devices Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Functional Safety Devices Sales Breakdown by Application (2018-2023)
4.3.2 Europe Functional Safety Devices Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Functional Safety Devices Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Functional Safety Devices Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Functional Safety Devices Sales Breakdown by Application (2018-2023)
5 North America Functional Safety Devices by Country
5.1 North America Functional Safety Devices Historic Market Size by Country
5.1.1 North America Functional Safety Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Functional Safety Devices Sales in Volume by Country (2018-2023)
5.1.3 North America Functional Safety Devices Sales in Value by Country (2018-2023)
5.2 North America Functional Safety Devices Forecasted Market Size by Country
5.2.1 North America Functional Safety Devices Sales in Volume by Country (2024-2029)
5.2.2 North America Functional Safety Devices Sales in Value by Country (2024-2029)
6 Europe Functional Safety Devices by Country
6.1 Europe Functional Safety Devices Historic Market Size by Country
6.1.1 Europe Functional Safety Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Functional Safety Devices Sales in Volume by Country (2018-2023)
6.1.3 Europe Functional Safety Devices Sales in Value by Country (2018-2023)
6.2 Europe Functional Safety Devices Forecasted Market Size by Country
6.2.1 Europe Functional Safety Devices Sales in Volume by Country (2024-2029)
6.2.2 Europe Functional Safety Devices Sales in Value by Country (2024-2029)
7 Asia-Pacific Functional Safety Devices by Region
7.1 Asia-Pacific Functional Safety Devices Historic Market Size by Region
7.1.1 Asia-Pacific Functional Safety Devices Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Functional Safety Devices Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Functional Safety Devices Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Functional Safety Devices Forecasted Market Size by Region
7.2.1 Asia-Pacific Functional Safety Devices Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Functional Safety Devices Sales in Value by Region (2024-2029)
8 Latin America Functional Safety Devices by Country
8.1 Latin America Functional Safety Devices Historic Market Size by Country
8.1.1 Latin America Functional Safety Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Functional Safety Devices Sales in Volume by Country (2018-2023)
8.1.3 Latin America Functional Safety Devices Sales in Value by Country (2018-2023)
8.2 Latin America Functional Safety Devices Forecasted Market Size by Country
8.2.1 Latin America Functional Safety Devices Sales in Volume by Country (2024-2029)
8.2.2 Latin America Functional Safety Devices Sales in Value by Country (2024-2029)
9 Middle East and Africa Functional Safety Devices by Country
9.1 Middle East and Africa Functional Safety Devices Historic Market Size by Country
9.1.1 Middle East and Africa Functional Safety Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Functional Safety Devices Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Functional Safety Devices Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Functional Safety Devices Forecasted Market Size by Country
9.2.1 Middle East and Africa Functional Safety Devices Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Functional Safety Devices Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Siemens
10.1.1 Siemens Company Information
10.1.2 Siemens Introduction and Business Overview
10.1.3 Siemens Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Siemens Functional Safety Devices Products Offered
10.1.5 Siemens Recent Development
10.2 ABB
10.2.1 ABB Company Information
10.2.2 ABB Introduction and Business Overview
10.2.3 ABB Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ABB Functional Safety Devices Products Offered
10.2.5 ABB Recent Development
10.3 Schneider
10.3.1 Schneider Company Information
10.3.2 Schneider Introduction and Business Overview
10.3.3 Schneider Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schneider Functional Safety Devices Products Offered
10.3.5 Schneider Recent Development
10.4 Honeywell
10.4.1 Honeywell Company Information
10.4.2 Honeywell Introduction and Business Overview
10.4.3 Honeywell Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Honeywell Functional Safety Devices Products Offered
10.4.5 Honeywell Recent Development
10.5 Rockwell Automation
10.5.1 Rockwell Automation Company Information
10.5.2 Rockwell Automation Introduction and Business Overview
10.5.3 Rockwell Automation Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Rockwell Automation Functional Safety Devices Products Offered
10.5.5 Rockwell Automation Recent Development
10.6 Mitsubishi Electric
10.6.1 Mitsubishi Electric Company Information
10.6.2 Mitsubishi Electric Introduction and Business Overview
10.6.3 Mitsubishi Electric Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mitsubishi Electric Functional Safety Devices Products Offered
10.6.5 Mitsubishi Electric Recent Development
10.7 Emerson
10.7.1 Emerson Company Information
10.7.2 Emerson Introduction and Business Overview
10.7.3 Emerson Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Emerson Functional Safety Devices Products Offered
10.7.5 Emerson Recent Development
10.8 Yokogawa Electric
10.8.1 Yokogawa Electric Company Information
10.8.2 Yokogawa Electric Introduction and Business Overview
10.8.3 Yokogawa Electric Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Yokogawa Electric Functional Safety Devices Products Offered
10.8.5 Yokogawa Electric Recent Development
10.9 GE
10.9.1 GE Company Information
10.9.2 GE Introduction and Business Overview
10.9.3 GE Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.9.4 GE Functional Safety Devices Products Offered
10.9.5 GE Recent Development
10.10 Omron
10.10.1 Omron Company Information
10.10.2 Omron Introduction and Business Overview
10.10.3 Omron Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Omron Functional Safety Devices Products Offered
10.10.5 Omron Recent Development
10.11 TE Connectivity
10.11.1 TE Connectivity Company Information
10.11.2 TE Connectivity Introduction and Business Overview
10.11.3 TE Connectivity Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.11.4 TE Connectivity Functional Safety Devices Products Offered
10.11.5 TE Connectivity Recent Development
10.12 SICK
10.12.1 SICK Company Information
10.12.2 SICK Introduction and Business Overview
10.12.3 SICK Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.12.4 SICK Functional Safety Devices Products Offered
10.12.5 SICK Recent Development
10.13 PILZ
10.13.1 PILZ Company Information
10.13.2 PILZ Introduction and Business Overview
10.13.3 PILZ Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.13.4 PILZ Functional Safety Devices Products Offered
10.13.5 PILZ Recent Development
10.14 HIMA Paul Hildebrandt
10.14.1 HIMA Paul Hildebrandt Company Information
10.14.2 HIMA Paul Hildebrandt Introduction and Business Overview
10.14.3 HIMA Paul Hildebrandt Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.14.4 HIMA Paul Hildebrandt Functional Safety Devices Products Offered
10.14.5 HIMA Paul Hildebrandt Recent Development
10.15 Endress+Hauser
10.15.1 Endress+Hauser Company Information
10.15.2 Endress+Hauser Introduction and Business Overview
10.15.3 Endress+Hauser Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Endress+Hauser Functional Safety Devices Products Offered
10.15.5 Endress+Hauser Recent Development
10.16 Eaton
10.16.1 Eaton Company Information
10.16.2 Eaton Introduction and Business Overview
10.16.3 Eaton Functional Safety Devices Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Eaton Functional Safety Devices Products Offered
10.16.5 Eaton Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Functional Safety Devices Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Functional Safety Devices Industrial Chain Analysis
11.4 Functional Safety Devices Market Dynamics
11.4.1 Functional Safety Devices Industry Trends
11.4.2 Functional Safety Devices Market Drivers
11.4.3 Functional Safety Devices Market Challenges
11.4.4 Functional Safety Devices Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Functional Safety Devices Distributors
12.3 Functional Safety Devices Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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