What is included in this Sample?
- * Market Segmentation
- * Key Findings
- * Research Scope
- * Table of Content
- * Report Structure
- * Report Methodology
Download FREE Sample Report
Functional Safety Devices Market Size, Share, Growth and Industry analysis, By Type (Safety Sensors, Safety PLCs, Safety Relays, Valves, Actuator), By Application (Automotive, Transportation, Medical, Manufacturing, Power Generation) and Regional Forecast to 2034
Trending Insights

Global Leaders in Strategy and Innovation Rely on Our Expertise to Seize Growth Opportunities

Our Research is the Cornerstone of 1000 Firms to Stay in the Lead

1000 Top Companies Partner with Us to Explore Fresh Revenue Channels
FUNCTIONAL SAFETY DEVICES MARKET OVERVIEW
The global functional safety devices market size was valued at USD 11.195 billion in 2025 and is expected to reach USD 25.48 billion by 2034, growing at a compound annual growth rate (CAGR) of about 9.57% from 2025 to 2034.
The United States Functional Safety Devices Market size is projected at USD 3.36195 Billion in 2025, the Europe Functional Safety Devices Market size is projected at USD 2.69359 Billion in 2025, and the China Functional Safety Devices Market size is projected at USD 3.47054 Billion in 2025.
The global COVID-19 pandemic has been unprecedented and staggering, with functional safety devices lower-than-anticipated demand across all regions compared to pre-pandemic levels.
Functional safety devices refer to a system or piece of machinery that uses automatic protection. The inputs to the fully automated protection system must be accurately processed. It should also respond predictably to failure. Human error, hardware equipment failures, and operational/environmental stress all fall into this category. Today, functional safety devices are used in many industry sectors, such as pharmaceuticals, mining and extraction, and oil and gas extraction. With the growing use of automation systems in manufacturing, experimenting, and process control, it is more essential than ever before to prevent damage to equipment, accidents, and environmental impact.
Organizations utilize functional safety devices to reduce threatening condition in system applications or components and to protect people, property, and the environment. Furthermore, the advancement of technology has increased the need and for the (IoT) internet of things in industrial environments in order to meet the economic needs or expectations of protection and responsibility. The expanding use of the (IIoT) industrial internet of things presents tremendous chances and opportunities again for functional safety devices market. The IIoT (industrial internet of things) opens new doors to incorporated safety and compliance facilities. Sensors that detect pressure, level, flow, heat, and vibration are frequently utilized by the (IoT) internet of things to collect data and communicate it to monitoring systems.
KEY FINDINGS
- Market Size and Growth: Valued at USD 11.195 billion in 2025, expected to reach USD 25.48 billion by 2034, growing at a CAGR 9.57%
- Key Market Driver: Growing automation increased adoption of safety PLCs and relays by 22% as manufacturers enhance production line safety compliance.
- Major Market Restraint: Complex integration challenges limited safety device installations for 18% of industrial users, delaying upgrades in key sectors.
- Emerging Trends: AI-based safety monitoring systems saw a 28% increase in deployment, driving advanced predictive safety in factories worldwide.
- Regional Leadership: Europe accounted for 35% share of the global market, driven by strict industrial safety standards and regulations enforcement.
- Competitive Landscape: Top five players controlled 47% of the market share, reflecting ongoing consolidation and technological partnerships.
- Market Segmentation: Safety sensors led with 32% share, followed by safety PLCs at 26%, relays at 18%, valves 14%, and actuators at 10%.
- Recent Development: Adoption of wireless safety devices rose 20% year-over-year, enabling flexible and cost-efficient retrofitting in legacy systems.
COVID-19 IMPACT
Supply and Lockdown Limitations to Decline Market Advancement
Coronavirus has had a negative impact on the growth of many businesses, including the industries of power and energy. Regional governments around the world levied shutdown, causing business owners to see a decline in the demand for the functional safety devices in the second and third quarters of 2020.
With the decrease in demand, manufacturers or industrialists reached the machinery and equipment sector and government concessions in order to increase their product sales in the third and fourth quarters of 2020. The reopening of initiatives and many automotive sectors, rail transit utilizations have cleared the way for the functional safety devices manufacturers in the market, and growing demand for the functional safety devices market is anticipated to reach at greater levels during the estimated timeframe.
LATEST TRENDS
Rise in Adoption Rate of IIoT (Industrial Internet of Things) to Stimulate Market Development
The increasing adoption rate of IIoT inside the industrial area is creating new opportunities. The evidence given by smart sensors can be easily controlled with the help of IIoT technology. The IIoT technology effectively helps to keep track, assessment, and regulate; as a consequence, the productivity rate has enhanced, as has the popularity for the devices. According to a study, approximately 1.3 million labourers were impacted by labour illnesses; over 72,702 worker occurrences for non-fatal injury issues were recognized every year, more than 144 workers were killed as a result of the occurrences. In recent times, such research findings have increased consumption for functional safety devices market.
- According to the International Society of Automation (ISA), 63% of automation professionals believe functional safety standards will be “extremely important” in the future
- According to an ISO stakeholder survey, over 89% of machine builders use ISO 13849 as their primary machinery safety standard.
FUNCTIONAL SAFETY DEVICES MARKET SEGMENTATION
By Type
Based on type; the market is divided into safety sensors, safety PLCs, safety relays, safety valves, safety actuators, safety switches, others
Safety sensors type is the leading part of the type segment.
By Application
Based on the application; the market is divided into Automotive,Transportation,Medical,Manufacturing,Power Generation.
Automotive is the leading part of the application segment.
DRIVING FACTORS
Increasing Usage by Industry Sector to Aid Market Expansion
The machine or equipment are quite popular and frequently utilized in the industry sectors because of the large number of plants and rapidly increasing activities. Furthermore, the growing demand for safety mechanisms in the oil and gas sector to prevent industrial accidents is expected to drive the functional safety devices market growth forward over the forecast period. In addition, the implementation of innumerable regulatory frameworks to safeguard operators and equipment is propelling the industry forward.
- According to ISA, 87% of respondents believe industry safety standards make processes and facilities safer.
- According to ISA, 81% of automation professionals state standards help companies prove compliance to regulations.
Requirement by Wide Range of Industries to Foster Industry Progress
Functional safety devices are a form of secondary safety that guarantees the safe and orderly shutdown of process units in the event of an incident in a plant. The devices are becoming a critical issue throughout a wide range of industries, including petroleum and natural gas, chemicals, electricity production, food and beverages, prescription drugs, metals and extraction, water and waste item treatment, and numerous others. Because the system utilizes certified subsystems and highlighted processes to achieve specific safety performance, the devices or machinery is becoming a market requirement.
RESTRAINING FACTORS
Investment Required for Installation of the Equipment to Hinder Market Advancement
However, the high price or investment required for the installation of the devices may limit the functional safety devices market share. Furthermore, the increasing complexity of the devices may suppress market growth.
- According to IEC, 15% of organizations cite the complexity of IEC 61508 compliance as a major barrier to deploying functional safety systems.
- According to ISA’s survey, 9% of respondents were neutral or disagreed on the relevance of ISO 13849, indicating some industry skepticism.
-
Request a Free sample to learn more about this report
FUNCTIONAL SAFETY DEVICES MARKET REGIONAL INSIGHTS
Growing Numbers of Industries to Foster Market growth in Europe
During the forecast period, Europe is expected to grow at the fastest CAGR. The increment in industrial growth in developing countries is expected to drive growth. Furthermore, enhanced approval of global functional safety standards, increased industrial emphasis, and the impact of multinational corporations in adopting safety systems are expected to drive market growth in this region.
KEY INDUSTRY PLAYERS
Notable Players in the Industry to Promote Market Expansion
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment.
- ABB: Commands over 20% share of the global functional safety devices market, reflecting its strong presence in safety instrumentation
- Schneider Electric: Also holds over 20% market share globally in functional safety devices, positioning it among the leading companies
List of Top Functional Safety Devices Companies
- Omron
- Schneider
- ABB
- General Electric
- Rockwell Automation
- TE Connectivity
- HIMA Paul Hildebrandt
- PILZ
- Siemens
- SICK
- Honeywell
- Yokogawa
- Emerson Electric
REPORT COVERAGE
The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.
Attributes | Details |
---|---|
Market Size Value In |
US$ 11.19 Billion in 2025 |
Market Size Value By |
US$ 25.48 Billion by 2034 |
Growth Rate |
CAGR of 9.57% from 2025 to 2034 |
Forecast Period |
2025-2034 |
Base Year |
2024 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
|
By Type
|
|
By Application
|
FAQs
The Functional Safety Devices Market is expected to touch USD 25.48 billion by 2034.
The Functional Safety Devices Market is expected to exhibit a CAGR of 9.57% over 2034.
Increasing usage by industry sector and requirement by wide range of industries, to drive the functional safety devices market.
Omron, Schneider, ABB, General Electric, Rockwell Automation, TE Connectivity, HIMA Paul Hildebrandt, PILZ, Siemens, SICK, Honeywell, Yokogawa, Emerson Electric are some of the key market players in the functional safety devices market.
The Functional Safety Devices Market is expected to be valued at 11.195 billion USD in 2025.
The key market segmentation, which includes by type (Safety Sensors, Safety PLCs, Safety Relays, Valves, Actuator), by application (Automotive, Transportation, Medical, Manufacturing, Power Generation).