기업 전체에서 엄격한 안전에 관한 법률과 기준이 중시되고 있습니다. 기업이 보다 현대적이고 자동화된 시스템을 채택함에 따라 안전과 신뢰성을 보장하는 것이 점점 중요해지고 있습니다. 규제기관은 운영자와 장비 모두를 보호하기 위해 엄격한 안전 기준을 요구하고 있으며, 그 결과 기능 안전 솔루션에 대한 수요가 증가하고 2024년에는 51억 9,000만 달러에 달했고, 2032년에는 121억 4,000만 달러에 이를 것으로 예측됩니다.
또한 산업 자동화 및 제조 공정에 IoT를 도입하는 동향 증가가 시장을 견인하고 있습니다. 이러한 기술 혁신에 의해 고장이나 사고를 방지하기 위한 선진적 안전 대책이 필요하기 때문에 2026-2032년의 CAGR은 약 11.20%를 나타낼 전망입니다.
기능 안전 시장 정의/개요
기능 안전은 시스템과 장비가 입력에 올바르게 응답하는지 여부에 따라 전반적인 안전 측면을 의미합니다. 중요한 제어 시스템과 안전 시스템이 적절하고 예상대로 작동하는지 확인하고 고장으로 인한 위험을 피하십시오. 기능안전은 자동차(안티록·브레이크 시스템 등), 항공우주(비행제어시스템 등), 제조(로봇안전 등), 에너지(발전소안전시스템 등) 등 다양한 산업에서 응용되고 있습니다. 미래의 기능안전 전망은 각 부문이 자동화와 디지털화를 받아들이고 복잡한 시스템을 관리하고 AI, IoT, 자율주행차 등 신흥기술과 관련된 위험을 줄이기 위한 첨단 안전대책이 필요함에 따라 확대될 것으로 보입니다.
기업 전체에서 엄격한 안전에 관한 법률과 기준이 중시되도록 되어 있습니다. 26262와 같은 이러한 표준은 필수적인 시스템의 신뢰성과 안전성을 유지하기 위해 엄격한 안전 예방 조치를 요구하고 있습니다.
정부의 법률과 산업 규범의 변화가 이 추세를 가속화하고 있습니다. 2024년 1월 미국 고속도로 교통안전국(NHTSA)은 자율주행차와 반자율주행차에 대한 안전규제 강화를 발표했습니다.
2024년 2월, SiemensAG는 최신 IEC 요구 사항을 준수하는 안전 통합 자동화 시스템의 새로운 제품군을 발표했습니다.
또한 Schneider Electric은 2024년 3월 API 가이드라인 업데이트에 따라 석유 및 가스 섹터에서 더 높은 안전 기준을 충족하기 위한 강화된 안전 컨트롤러를 발표했습니다.
기능안전시스템의 도입비용이 높은 것이 시장확장의 큰 장애가 되고 있습니다. 기능 안전을 통합하는 것은 어렵고 비용이 많이 들고 대규모 인프라 개선과 대규모 인력 개발이 필요합니다.
이러한 고비용이 산업에 가져온 결과 2023년 11월, 국제 자동화 학회(ISA)는 석유 및 가스 섹터에 본격적인 기능 안전 시스템 도입에 걸리는 평균 비용은 100만 달러에 육박할 가능성이 있다고 보고했습니다.
마찬가지로 2024년 1월 자동차 안전위원회가 실시한 여론조사에 따르면 자동차 공급업체의 40%가 기능안전요건의 중요성을 인식하고 있음에도 불구하고 도입비용의 높이를 기능안전요건 채용의 주요 장애로 꼽았습니다.
정부와 산업 단체는 높은 도입 비용 부담을 줄이기 위한 재정적 인센티브와 지원 프로그램을 제공하기 시작했습니다.
예를 들어 미국 에너지부는 2024년 2월 주요 인프라에 기능적인 안전 시스템을 통합하기 위한 가격을 부담하기 위한 에너지 부문용 보조금 프로그램을 제안했습니다.
There is a growing emphasis on severe safety laws and standards across businesses. As companies embrace more modern and automated systems, it becomes increasingly important to assure their safety and reliability. Regulatory organizations are demanding strict safety standards to protect both operators and equipment, resulting in a greater demand for functional safety solutions is fueling USD 5.19 Billion in 2024 and reaching USD 12.14 Billion by 2032.
Furthermore, the growing trend of industrial automation and the incorporation of IoT into manufacturing processes is driving the market, as these innovations necessitate sophisticated safety measures to prevent failures and accidents is expected to grow at a CAGR of about 11.20% from 2026 to 2032.
Functional Safety Market: Definition/ Overview
Functional safety refers to the aspect of overall safety that is dependent on a system or equipment responding correctly to its inputs. It guarantees that important control and safety systems perform properly and predictably, avoiding dangers caused by breakdowns. Functional safety has applications in a variety of industries, including automotive (e.g., anti-lock brake systems), aerospace (e.g., flight control systems), manufacturing (e.g., robotic safety), and energy (e.g., power plant safety systems). The future scope of functional safety is set to expand as sectors embrace automation and digitalization, necessitating sophisticated safety measures to manage complex systems and reduce dangers associated with emerging technologies such as AI, IoT, and self-driving cars.
There is a growing emphasis on severe safety laws and standards across businesses. Industries such as oil and gas, automotive, pharmaceuticals, and manufacturing are heavily regulated, with safety standards established by organizations such as the International Electrotechnical Commission (IEC) and the International Organization for Standardization. These standards, such as IEC 61508 and ISO 26262, require stringent safety precautions to maintain essential systems' reliability and security. Companies are required to comply with these rules in order to avoid expensive penalties, legal obligations, and severe reputational damage, which drives demand for functional safety solutions.
Changes in government legislation and industry norms have accelerated this tendency. For instance, in December 2023, the European Union revised the Machinery Directive to require additional safety features in automated and robotic systems used in production. This regulation highlights the importance of functional safety in reducing risks connected with machinery operation, urging manufacturers to invest in safety solutions. Similarly, In January 2024, the United States National Highway Traffic Safety Administration (NHTSA) announced in tighter safety regulations for autonomous and semi-autonomous vehicles, with a focus on functional safety factors to assure passenger and pedestrian safety.
In February 2024 Siemens AG announced the launch of a new suite of safety-integrated automation systems that will comply with the most recent IEC requirements. This move aims to assist industry in meeting growing safety regulations while retaining operational efficiency.
In addition, in March 2024 Schneider Electric released enhanced safety controllers to meet greater safety standards in the oil and gas sector, in accordance with updated API guidelines. These advancements demonstrate how severe safety laws and standards are driving innovation and growth in the functional safety sector.
The high costs of deploying functional safety systems pose a substantial obstacle to the market's expansion. To maintain compliance with safety regulations, these systems frequently necessitate significant investment in modern technology, specialized equipment, and stringent testing protocols. Furthermore, integrating functional safety into current processes can be hard and expensive, necessitating large infrastructure improvements and extensive personnel training. Smaller organizations, in particular, may find these expenditures prohibitively expensive, restricting their capacity to implement complete functional safety solutions.
The consequences of these high costs for the industry. In November 2023, the International Society of Automation (ISA) reported that the average cost of deploying a full-scale functioning safety system in the oil and gas sector might approach $1 million. This financial burden is especially difficult for mid-sized and smaller businesses, which may lack the money to invest in such comprehensive safety measures.
Similarly, in January 2024 a poll done by the Automotive Safety Council indicated that 40% of automotive suppliers cited high implementation costs as a major impediment to adopting functional safety requirements, despite acknowledging their importance for vehicle safety.
Governments and industry bodies are starting to give financial incentives and assistance programs to help alleviate the burden of high implementation costs. For instance, in April 2024, the European Union announced a financial effort to provide grants and low-interest loans to small and medium-sized firms (SMEs) for the implementation of modern safety systems.
For instance, in February 2024, the US Department of Energy proposed a subsidy program for the energy sector to help defray the price of integrating functioning safety systems in key infrastructure. These efforts attempt to reduce financial barriers and promote the widespread use of functional safety measures across sectors.
The increasing demand for safety instrumented systems (SIS) is predicted to significantly boost the functional safety industry. SIS is crucial for guaranteeing safe operations in hazardous industries because it provides automated protection against safety risks. The increased emphasis on industrial safety, fueled by severe regulatory requirements and the desire to minimize accidents and environmental harm, is a major element driving demand for SIS. Industries including oil and gas, chemicals, and power generation rely heavily on these technologies to reduce operational risks.
In July 2023, Emerson announced that it would be expanding its SIS offering with the DeltaV SIS Emerson Smart SIS platform. This platform provides greater flexibility and scalability, addressing the changing needs of modern industrial safety requirements.
Government restrictions play an important influence in the adoption of SIS. For example, in March 2023, the U.S. Occupational Safety and Health Administration (OSHA) issued updated safety rules for the chemical manufacturing industry, requiring the use of modern safety systems such as SIS to avoid accidents and protect workers. Such regulatory frameworks drive enterprises to invest in comprehensive safety solutions, resulting in market growth for SIS. The growing regulatory scrutiny and the resulting requirement for compliance are projected to boost demand for SIS for the foreseeable future.
The fastest-growing segment, however, is Programmable Logic Controllers (PLC). PLCs are becoming more popular due to their flexibility, scalability, and integration capabilities with other control systems, driven by the growing trend of industrial automation and the demand for improved operational efficiency and safety.
The increasing deployment of Safety PLCs (Programmable Logic Controllers) is expected to greatly boost the functional safety industry. Safety PLCs are essential components of modern industrial automation systems, providing increased dependability, flexibility, and scalability for managing complex safety operations. As enterprises prioritize safety to meet demanding regulatory standards while also protecting their workers and assets, the need for Safety PLCs is expanding. These controllers assure compliance with safety regulations such as IEC 61508 and ISO 13849, making them essential in industries such as oil and gas, chemicals, automobiles, and manufacturing.
In June 2023, Rockwell Automation announced the release of its new GuardLogix 5380 Safety Controller, which is intended to increase industrial safety and productivity. This product addresses the growing demand for advanced safety solutions that can be effortlessly integrated with existing control systems, resulting in comprehensive safety management capabilities. Similarly, in August 2023, Siemens released its new S7-1500 Safety PLCs, indicating key manufacturers' increased commitment in developing complex safety solutions to meet the market's changing demands.
For instance, in January 2023, the European Union strengthened its industrial safety legislation, requiring stricter safety standards across a variety of businesses. To meet the new criteria, organizations must implement advanced safety technology, such as Safety PLCs. The proactive posture of governments in maintaining workplace safety through severe laws fuels the functional safety industry, with Safety PLCs playing a critical part in this scenario.
Safety Sensors is the fastest-growing segment, driven by the increased adoption of IoT and Industry 4.0 technologies, which require advanced sensing systems for real-time monitoring and enhanced safety in industrial environments. These sensors are critical for identifying hazardous conditions and initiating necessary safety responses.
Country/Region-wise
Growing demand for improved safety systems, Europe's emerging automotive and manufacturing sectors are considerably driving the functional safety market. The European automobile sector is at the forefront of implementing functional safety measures, prompted by legislation such as the ISO 26262 standard for vehicle safety, which assures that safety-critical systems are dependable and satisfy high requirements. This regulatory framework is requiring automotive manufacturers to incorporate advanced safety systems into their vehicles in order to prevent accidents and assure compliance with safety regulations.
In April 2024, the European Commission recommended tighter car safety requirements, highlighting the importance of sophisticated safety devices in vehicles. This plan is likely to increase demand for functional safety systems, such as Safety Instrumented Systems (SIS) and Safety PLCs, as automobile manufacturers comply with new regulations. The increased emphasis on safety in the automobile industry is translating into greater investment in functional safety solutions.
The manufacturing sector in Europe is also helping to drive market expansion. European manufacturers are progressively developing safety systems to meet new safety rules and protect people and equipment from risks. For instance, in March 2024, Siemens announced a large investment in its safety automation systems, highlighting the increased emphasis on improving safety measures throughout manufacturing operations. This commitment to updating safety infrastructure is likely to increase demand for functional safety components and systems, cementing Europe's position as a market leader in this area.
Increasing safety awareness in Asia-Pacific is driving the functional safety market as enterprises across the region implement tougher safety measures to eliminate hazards and comply with changing laws. This increased emphasis on safety is motivated by both government laws and an increasing emphasis on workplace safety and operational dependability. Countries in Asia-Pacific, particularly those with thriving industrial and manufacturing sectors, are investing in modern functional safety solutions to raise their safety requirements.
In June 2024, the Ministry of Labour and Employment issued updated industrial safety rules, which included the required adoption of modern safety systems. This move intends to prevent workplace accidents and raise safety standards, hence increasing demand for functional safety solutions like Safety Instrumented Systems (SIS) and Safety PLCs. The regulatory push is projected to fuel significant expansion in the functional safety market throughout the region.
Furthermore, in China, the government's emphasis on improving industrial safety and automation has resulted in greater expenditures in functional safety technologies. In May 2024, the Chinese Ministry of Industry and Information Technology launched a financial effort to encourage the use of sophisticated safety technologies in production. This program is part of a larger strategy to update industrial processes and provide safer operating environments. The increased emphasis on safety in China's rapidly developing industrial sector is likely to increase demand for functional safety systems, driving market growth in the Asia-Pacific region.
The competitive landscape of the functional safety market is characterized by a mix of established and emerging players focusing on innovation and technological advancements. Companies are increasingly investing in research and development to offer advanced safety solutions that comply with stringent international safety standards and regulations. There is a significant focus on integrating functional safety with emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning to enhance system reliability and performance. Strategic partnerships, mergers, and acquisitions are also common strategies employed by companies to expand their market presence and product offerings, addressing the growing demand across various industries, including automotive, aerospace, and manufacturing.
Some of the prominent players operating in the functional safety market include:
ABB
Siemens
Honeywell
Rockwell Automation
Schneider Electric
Yokogawa Electric Corporation
Emerson Electric
Robert Bosch GmbH
TUV SUD AG
Exida
TUV Rheinland AG
SGS
Intertek Group plc
Bureau Veritas
DEKRA SE
In July 2024, Honeywell expanded its functional safety solutions with the introduction of a new safety PLC series targeted for high-demand industrial applications. This idea intends to improve system dependability and safety during crucial operations.
In August 2024, Schneider Electric revealed its latest safety sensor technology, which has increased sensitivity and endurance for severe industrial situations. The new sensors are intended to increase safety and operating efficiency.
In April 2024, ABB announced a strategic relationship with a renowned software supplier to integrate sophisticated safety analytics into its industrial control systems. This collaboration intends to improve the predictive maintenance and real-time safety monitoring capabilities.
In May 2024, Emerson introduced a new range of safety switches with enhanced fail-safe features for industrial control systems. These switches are designed to be more reliable and meet stringent safety requirements.