Functional Safety Market Is Expected to Grow at a CAGR of 8.2% by 2022
[177 Pages Report] The functional safety market is expected to be valued at USD 7.19 Billion in 2022, growing at a CAGR of 8.2% during the forecast period. Mandatory functional safety standards and government policies, rising emphasis on proactive functional safety systems, and increasing demand for safety instrumented systems in the chemical and oil & gas industries are the key factors driving the growth of this market.
View full press release