Functional safety is a failsafe concept used across industries to shutdown processes in cases of abnormal situations. Various safety standards enforced by nations for its workers to address faults of machines can influence its adoption. The global Functional Safety Market report by Market Research Future (MRFR) comprises estimations and projections for the period of 2017 to 2023 (forecast period) based on market variables of drivers, challenges, opportunities, and trends. The COVID-19 pandemic and its impact on the industry are covered as well.
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