MARKET OVERVIEWThe global functional safety market reached USD 6.5 billion in 2024 and is projected to surge to USD 14.7 billion by 2033, boasting a robust CAGR of 9.5%. This growth is fueled by trends like increased industrial automation, stringent safety regulations, and the rapid adoption of IIoT and AI-enhanced safety solutions across sectors such as automotive, oil & gas, and...