As stated by a report by P&S Intelligence, the total size of the functional safety market in 2021 was USD 4,839.2 million, and it will power at a rate of 7.1% by the end of this decade, to reach USD 8,990.6 million by 2030. Safety sensor demand will grow at the highest rate, of over 7.5%, in the years to come. Safety sensors are put to use for machinery protection, perimeter monitoring,...