Functional Safety Market : Current Status, Opportunities, and Future Prospects The Functional Safety Market size was valued at USD 8.31 billion in 2023 and is now anticipated to grow to USD 14.24 Billion by 2032, displaying a compound annual growth rate (CAGR) of 6.17% during the forecast Period 2024-2032.
The functional safety market is experiencing significant growth, driven by increasing regulatory compliance, the rise of automation across industries, and the...
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