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2021
Io-link Market

IO-Link Market by Type (IO-Link Wired and IO-Link Wireless), Component (IO-Link Master and IO-Link Devices), Application (Machine Tool, Handling & Assembly Automation, Intralogistics, and Packaging), and Industry Vertical (Oil & Gas, Energy & Power, Automotive, Aerospace & Defense, Pharmaceuticals, Food & Beverages, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13766
Pages: 350
Sep 2021 | 205 Views
   
Author(s) : Avinash Savekar & Umang Vashishtha
Tables: 157
Charts: 90
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global IO-link market size is expected to reach $74.08 billion by 2030 from $6.10 billion in 2020, growing at a CAGR of 29.0% from 2021 to 2030. 

The Automotive industry impacted negatively, due to COVID-19 Pandemic

IO-link is an open standard serial communication protocol that allows for the bidirectional exchange of data from sensors and devices that support IO-link and are connected to a master. The master works as a gateway for the connection of up to eight IO-link devices including sensors, valves, or binary IO modules. The IO-link master can transmit the data over various networks, fieldbuses, or backplane buses, making the data accessible for immediate action or long-term analysis via an industrial information system. Each IO-link sensor has an IO device description (IODD) file that describes the device and its IO-link capabilities. 

IO-Link-Market,-2021-2030

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Multiple advantages have been associated with IO-link system, such as it requires standardized & reduced wiring, has increased data availability, enables remote configuration & monitoring, and requires simple device replacement. A key benefit of IO-link for many industries is that the IO-link does not require any special or complicated wiring. Rather, the devices can be connected using the same cost-effective standard unshielded 3-wire cables as conventional discrete I/O, which helps keep wiring simple. In addition, IO-link eliminates the need for analog sensors and reduces variety of cord sets required for sensors, which saves inventory costs. Furthermore, IO-link supports a master-slave configuration with passive connection points, which further reduces wiring requirements. 

The growth of the global IO-link market size is anticipated to driven by factors such as the ability to support much higher level Fieldbus and Ethernet communication protocols, surge in demand for Industry 4.0, and rise in government initiatives toward the adoption of industrial automation drive the IO-link market growth. Moreover, with increase in awareness regarding benefits associated with IO-link, the trend of automation is being increasingly implemented since the onset of government’s Make in India campaign. Automation in India plays a major role in improving operational excellence, enhancing return on investment, productivity, and quality improvement, thus gaining popularity in the Indian manufacturing industry. In recent years, IO-link systems have witnessed increased adoption for industrial automation. IO-link is an open standard serial communication protocol that allows bidirectional exchange of data from IO-link supported sensors that are also connected through a master.

However, consumption of compact machines is a major restraint of the global IO-link market growth. In addition, the continuous adoption of next-generation technologies is expected to create opportunities for the IO-link industry. The continuous adoption of next-generation connected technologies such as IoT, industrial robotics, and cloud technologies is one of the prominent factors that is expected to boost the I/O-link market during the forecast period. Moreover, availability of cloud interface in IO-link and release of IO-link safety specifications are expected to offer remunerative opportunities for the growth of the global IO-link market revenue.        

The global IO-link market share is segmented into type, component, application, industry vertical, and region. By type, the market is bifurcated into IO-link wired and IO-link wireless. On the basis of component, it is divided into IO-link master and IO-link devices. The IO-link devices segment is subsegmented into sensor nodes, modules, actuators, RFID read heads, others. The sensor nodes segment is further categorized into position sensor, temperature sensor, pressure sensor, vibration sensor, and others. The applications covered in the study include machine tool, handling & assembly automation, intralogistics, and packaging.

Depending on industry vertical, the market is fragmented into oil & gas, energy & power, automotive, aerospace & defense, pharmaceuticals, food & beverages, chemicals, and others.     

Region wise, the IO-link market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Europe held the largest share of the IO-link market, owing to the presence of automotive, aerospace & defense, and industrial manufacturing verticals in the region. This region comprises major growing economies, such as the UK, Germany, and France, which offer significant growth opportunities for the IO-link industry.   

IO-Link Market
By Type

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IO-Link Wired segment is projected as one of the most lucrative segments.

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Top Impacting Factors

The prominent factors that impact the IO-link market size are ability to support much higher level Fieldbus and Ethernet communication protocols, increase in penetration of Industry 4.0, and government initiatives toward the adoption of industrial automation. However, consumption of compact machines restricts the market growth. On the contrary, the continuous adoption of next-generation technologies is expected to create lucrative opportunities for the market. 

Competition Analysis

Competitive analysis and profiles of the major IO-link market players, such as Siemens (Germany), Hans Turck GmbH & Co. KG (Germany), Balluff GmbH (Germany), ifm electronic GmbH (Germany), SICK AG (Germany), Rockwell Automation, Inc. (U.S.), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Banner Engineering Corp (U.S.), and Emerson Electric Co. (U.S.), are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.  

IO-Link Market
By Industry Vertical

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Automotive segment is expected to secure leading position during forecast period.

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Covid-19 Impact Analysis

The COVID-19 pandemic has significantly impacted players operating in the IO-link market. Owing to the complete shutdown of all manufacturing plants, public places, and offices due to lockdown across the world, the demand for IO-link solutions decreased dramatically. Moreover, the demand for electronic devices such as sensors, switches, and actuators has decreased significantly worldwide, owing to lockdown imposed by different governments to contain the spread of the COVID-19, which as impacted the IO-link market growth. 

However, the latter half of the year is expected to witness normalization in the inventory levels and increased demand for IO-link products, owing to stabilization in the automotive vertical. The slowdown in production by OEMs and reduction in demand for IO-link have declined the IO-link market growth. Shortage of components and materials has significantly impacted the global supply chains. In addition, reductions in various capital budgets and delay in planned projects in various industries have hampered the global economy. 

Conversely, roll out of vaccines across the globe and decline cases of COVID-19, especially in North America and Europe are expected to boost the recovery of the IO-link market.  

IO-Link Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 30.50% during 2021-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global IO-link market outlook along with the current trends and future estimations to depict the imminent investment pockets. 
  • The overall IO-link market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.  
  • The current IO-link market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency 
  • Porter’s five forces analysis illustrates the potency of the buyers and the IO-link market share of key vendors.   
  • The report includes the market trends and the revenue share of key vendors.

Key Market Segments

By Type

  • IO-link Wired
  • IO-link Wireless

By Component

  • IO-link Master
  • IO-link Devices
    • Sensor Nodes
      • Position Sensor
      • Temperature Sensor
      • Pressure Sensor
      • Vibration Sensor
      • Others
    • Modules
    • Actuators
    • RFID Read Heads
    • Others  

By Application

  • Machine Tool
  • Handling & Assembly Automation
  • Intralogistics
  • Packaging

By Industry Vertical

  • Oil & Gas
  • Energy & Power
  • Automotive
  • Aerospace & Defense
  • Pharmaceuticals
  • Food & Beverages
  • Chemicals
  • Others    

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Siemens
  • Hans Turck GmbH & Co. KG 
  • Balluff GmbH
  • ifm electronic GmbH 
  • SICK AG 
  • Rockwell Automation, Inc. 
  • Omron Corporation 
  • Pepperl+Fuchs 
  • Banner Engineering Corp.
  • Emerson Electric Co.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments

1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the IO-Link

3.3.Patent analysis

3.3.1.By region, 2012–2020
3.3.2.By applicant, 2012–2020

3.4.Covid-19 impact analysis

3.4.1.COVID-19 outbreak
3.4.2.Impact on market size
3.4.3.Industry verticalr trends, preferences, and budget impact

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Ability to support much higher level Fieldbus and Ethernet communication protocols
3.5.1.2.Rising demand for Industry 4.0
3.5.1.3.Government initiatives towards the adoption of industrial automation

3.5.2.Restraint

3.5.2.1.Consumption of compact machines

3.5.3.Opportunity

3.5.3.1.The continuous adoption of next-generation technologies

CHAPTER 4:IO-LINK MARKET, BY TYPE

4.1.Overview
4.2.IO-Link Wired

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region

4.2.3.Market analysis, by country

4.3.IO-Link Wireless

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:IO-LINK MARKET, BY COMPONENT

5.1.Overview
5.2.IO-Link Master

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.IO-Link Devices

5.3.1.Sensor Nodes

5.3.1.1.Position sensor
5.3.1.2.Temperature sensor
5.3.1.3.Pressure sensor
5.3.1.4.Vibration sensor

5.3.1.5.Others

5.3.2.Modules
5.3.3.Actuators
5.3.4.RFID Read Heads
5.3.5.Others
5.3.6.Key market trends, growth factors, and opportunities
5.3.7.Market size and forecast, by region
5.3.8.Market analysis, by country

CHAPTER 6:IO-LINK MARKET, BY APPLICATION

6.1.Overview
6.2.Machine Tool

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Handling and Assembly Automation

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Intralogistics

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Packaging

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:IO-LINK MARKET, BY INDUSTRY VERTICAL

7.1.Overview
7.2.Oil & Gas

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Energy & Power

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Automotive

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

7.5.Aerospace & Defense

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country

7.6.Pharmaceuticals

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country

7.7.Food & Beverages

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market analysis, by country

7.8.Chemicals

7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast, by region
7.8.3.Market analysis, by country

7.9.Others

7.9.1.Key market trends, growth factors, and opportunities
7.9.2.Market size and forecast, by region
7.9.3.Market analysis, by country

CHAPTER 8:IO-LINK MAREKT, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by type
8.2.3.Market size and forecast, by component
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by industry vertical
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by type
8.2.6.1.2.Market size and forecast, by component
8.2.6.1.3.Market size and forecast, by application
8.2.6.1.4.Market size and forecast, by industry vertical

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by type
8.2.6.2.2.Market size and forecast, by component
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by industry vertical

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by type
8.2.6.3.2.Market size and forecast, by component
8.2.6.3.3.Market size and forecast, by application
8.2.6.3.4.Market size and forecast, by industry vertical

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by type
8.3.3.Market size and forecast, by component
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by industry vertical
8.3.6.Market analysis, by country

8.3.6.1.Germany

8.3.6.1.1.Market size and forecast, by type
8.3.6.1.2.Market size and forecast, by component
8.3.6.1.3.Market size and forecast, by application
8.3.6.1.4.Market size and forecast, by industry vertical

8.3.6.2.UK

8.3.6.2.1.Market size and forecast, by type
8.3.6.2.2.Market size and forecast, by component
8.3.6.2.3.Market size and forecast, by application
8.3.6.2.4.Market size and forecast, by industry vertical

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by type
8.3.6.3.2.Market size and forecast, by component
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by industry vertical

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by type
8.3.6.4.2.Market size and forecast, by component
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by industry vertical

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by type
8.3.6.5.2.Market size and forecast, by component
8.3.6.5.3.Market size and forecast, by application
8.3.6.5.4.Market size and forecast, by industry vertical

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by type
8.4.3.Market size and forecast, by component
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by industry vertical
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by type
8.4.6.1.2.Market size and forecast, by component
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by industry vertical

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by type
8.4.6.2.2.Market size and forecast, by component
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by industry vertical

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by type
8.4.6.3.2.Market size and forecast, by component
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by industry vertical

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by type
8.4.6.4.2.Market size and forecast, by component
8.4.6.4.3.Market size and forecast, by application
8.4.6.4.4.Market size and forecast, by industry vertical

8.4.6.5.Taiwan

8.4.6.5.1.Market size and forecast, by type
8.4.6.5.2.Market size and forecast, by component
8.4.6.5.3.Market size and forecast, by application
8.4.6.5.4.Market size and forecast, by industry vertical

8.4.6.6.Rest of Asia-Pacific

8.4.6.6.1.Market size and forecast, by type
8.4.6.6.2.Market size and forecast, by component
8.4.6.6.3.Market size and forecast, by application
8.4.6.6.4.Market size and forecast, by industry vertical

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by type
8.5.3.Market size and forecast, by component
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by industry vertical
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by type
8.5.6.1.2.Market size and forecast, by component
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by industry vertical

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by type
8.5.6.2.2.Market size and forecast, by component
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by industry vertical

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by type
8.5.6.3.2.Market size and forecast, by component
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by industry vertical

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market player positioning, 2020

9.2.Top winning strategies
9.3.Competitive dashboard
9.4.Competitive heatmap

CHAPTER 10:COMPANY PROFILES

10.1.Siemens

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.Business performance
10.1.7.Key strategic moves and developments

10.2.Hans Turck GmbH & Co. KG

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance
10.2.7.Key strategic moves and developments

10.3.Balluff GmbH

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.Business performance
10.3.7.Key strategic moves and developments

10.4.ifm electronic

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.Business performance
10.4.7.Key strategic moves and developments

10.5.SICK AG

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.Business performance
10.5.7.Key strategic moves and developments

10.6.Rockwell Automation, Inc.

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Operating business segments
10.6.5.Product portfolio
10.6.6.Business performance
10.6.7.Key strategic moves and developments

10.7.Omron Corporation

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.Business performance
10.7.7.Key strategic moves and developments

10.8.Pepperl+Fuchs

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.Business performance
10.8.7.Key strategic moves and developments

10.9.Banner Engineering Corp

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.Business performance
10.9.7.Key strategic moves and developments

10.10.Emerson Electric Co.

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.Business performance
10.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 02.IO-LINK MARKET FOR IO-LINK WIRED, BY REGION, 2020–2030 ($BILLION)
TABLE 03.IO-LINK MARKET FOR IO-LINK WIRELESS, BY REGION, 2020–2030 ($BILLION)
TABLE 04.IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 05.IO-LINK MARKET FOR IO-LINK MASTER, BY REGION, 2020–2030 ($BILLION)
TABLE 06.IO-LINK MARKET FOR SENSOR NODES, BY SUB SEGMENT, 2020–2030 ($BILLION)
TABLE 07.IO-LINK MARKET FOR IO-LINK DEVICES, BY SUB SEGMENT, 2020–2030 ($BILLION)
TABLE 08.IO-LINK MARKET FOR IO-LINK DEVICES, BY REGION, 2020–2030 ($BILLION)
TABLE 09.IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 10.IO-LINK MARKET FOR MACHINE TOOL, BY REGION, 2020–2030 ($BILLION)
TABLE 11.IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2020–2030($BILLION)
TABLE 12.IO-LINK MARKET FOR INTRALOGISTICS, BY REGION, 2020–2030($BILLION)
TABLE 13.IO-LINK MARKET FOR PACKAGING, BY REGION, 2020–2030($BILLION)
TABLE 14.IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($BILLION)
TABLE 15.IO-LINK MARKET FOR OIL & GAS, BY REGION, 2020–2030 ($BILLION)
TABLE 16.IO-LINK MARKET FOR ENERGY & POWER, BY REGION, 2020–2030 ($BILLION)
TABLE 17.IO-LINK MARKET FOR AUTOMOTIVE, BY REGION, 2020–2030 ($BILLION)
TABLE 18.IO-LINK MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2030 ($BILLION)
TABLE 19.IO-LINK MARKET FOR PHARMACEUTICALS, BY REGION, 2020–2030 ($BILLION)
TABLE 20.IO-LINK MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2030 ($BILLION)
TABLE 21.IO-LINK MARKET FOR CHEMICALS, BY REGION, 2020–2030 ($BILLION)
TABLE 22.IO-LINK MARKET FOR OTHERS, BY REGION, 2020–2030 ($BILLION)
TABLE 23.IO-LINK MARKET REVENUE, BY REGION, 2020–2030 ($BILLION)
TABLE 24.NORTH AMERICA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 25.NORTH AMERICA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 26.NORTH AMERICA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 27.NORTH AMERICA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($BILLION)
TABLE 28.U.S. IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 29.U.S. IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 30.U.S. IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 31.U.S. IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 32.CANADA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 33.CANADA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 34.CANADA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 35.CANADA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 36.MEXICO IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 37.MEXICO IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 38.MEXICO IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 39.MEXICO IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 40.EUROPE IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 41.EUROPE IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 42.EUROPE IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 43.EUROPE IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($BILLION)
TABLE 44.GERMANY IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 45.GERMANY IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 46.GERMANY IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 47.GERMANY IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 48.UK IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 49.UK IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 50.UK IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 51.UK IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 52.FRANCE IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 53.FRANCE IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 54.FRANCE IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 55.FRANCE IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 56.ITALY IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 57.ITALY IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 58.ITALY IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 59.ITALY IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 60.REST OF EUROPE IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 61.REST OF EUROPE IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 62.REST OF EUROPE IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 63.REST OF EUROPE IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 64.ASIA-PACIFIC IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 65.ASIA-PACIFIC IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 66.ASIA-PACIFIC IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 67.ASIA-PACIFIC IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($BILLION)
TABLE 68.CHINA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 69.CHINA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 70.CHINA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 71.CHINA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 72.JAPAN IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 73.JAPAN IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 74.JAPAN IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 75.JAPAN IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 76.INDIA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 77.INDIA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 78.INDIA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 79.INDIA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 80.SOUTH KOREA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 81.SOUTH KOREA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 82.SOUTH KOREA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 83.SOUTH KOREA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 84.TAIWAN IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 85.TAIWAN IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 86.TAIWAN IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 87.TAIWAN IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 88.REST OF ASIA-PACIFIC IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 89.REST OF ASIA-PACIFIC IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 90.REST OF ASIA-PACIFIC IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 91.REST OF ASIA-PACIFIC IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 92.LAMEA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 93.LAMEA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 94.LAMEA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 95.LAMEA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($BILLION)
TABLE 96.LATIN AMERICA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 97.LATIN AMERICA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 98.LATIN AMERICA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 99.LATIN AMERICA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 100.MIDDLE EAST IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 101.MIDDLE EAST IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 102.MIDDLE EAST IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 103.MIDDLE EAST IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 104.AFRICA IO-LINK MARKET, BY TYPE, 2020–2030 ($BILLION)
TABLE 105.AFRICA IO-LINK MARKET, BY COMPONENT, 2020–2030 ($BILLION)
TABLE 106.AFRICA IO-LINK MARKET, BY APPLICATION, 2020–2030 ($BILLION)
TABLE 107.AFRICA IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020-2030 ($BILLION)
TABLE 108.SIEMENS:KEY EXECUTIVES
TABLE 109.SIEMENS: COMPANY SNAPSHOT
TABLE 110.SIEMENS: OPERATING SEGMENTS
TABLE 111.SIEMENS: PRODUCT PORTFOLIO
TABLE 112.SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.HANS TURCK GMBH & CO. KG:KEY EXECUTIVES
TABLE 114.HANS TURCK GMBH & CO. KG: COMPANY SNAPSHOT
TABLE 115.HANS TURCK GMBH & CO. KG: OPERATING SEGMENTS
TABLE 116.HANS TURCK GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 117.HANS TURCK GMBH & CO. KG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 118.BALLUFF GMBH:KEY EXECUTIVES
TABLE 119.BALLUFF GMBH: COMPANY SNAPSHOT
TABLE 120.BALLUFF GMBH: OPERATING SEGMENTS
TABLE 121.BALLUFF GMBH: PRODUCT PORTFOLIO
TABLE 122.BALLUFF GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123.IFM ELECTRONIC:KEY EXECUTIVES
TABLE 124.IFM ELECTRONIC: COMPANY SNAPSHOT
TABLE 125.IFM ELECTRONIC: OPERATING SEGMENTS
TABLE 126.IFM ELECTRONIC: PRODUCT PORTFOLIO
TABLE 127.IFM ELECTRONIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128.SICK AG:KEY EXECUTIVES
TABLE 129.SICK AG: COMPANY SNAPSHOT
TABLE 130.SICK AG: OPERATING SEGMENTS
TABLE 131.SICK AG: PRODUCT PORTFOLIO
TABLE 132.SICK AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133.ROCKWELL AUTOMATION, INC.:KEY EXECUTIVES
TABLE 134.ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
TABLE 135.ROCKWELL AUTOMATION, INC.: OPERATING SEGMENTS
TABLE 136.ROCKWELL AUTOMATION, INC.: PRODUCT PORTFOLIO
TABLE 137.ROCKWELL AUTOMATION, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 138.OMRON CORPORATION:KEY EXECUTIVES
TABLE 139.OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 140.OMRON CORPORATION: OPERATING SEGMENTS
TABLE 141.OMRON CORPORATION: PRODUCT PORTFOLIO
TABLE 142.OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 143.PEPPERL+FUCHS:KEY EXECUTIVES
TABLE 144.PEPPERL+FUCHS: COMPANY SNAPSHOT
TABLE 145.PEPPERL+FUCHS: OPERATING SEGMENTS
TABLE 146.PEPPERL+FUCHS: PRODUCT PORTFOLIO
TABLE 147.PEPPERL+FUCHS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 148.BANNER ENGINEERING CORP:KEY EXECUTIVES
TABLE 149.BANNER ENGINEERING CORP: COMPANY SNAPSHOT
TABLE 150.BANNER ENGINEERING CORP: OPERATING SEGMENTS
TABLE 151.BANNER ENGINEERING CORP: PRODUCT PORTFOLIO
TABLE 152.BANNER ENGINEERING CORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 153.EMERSON ELECTRIC CO.:KEY EXECUTIVES
TABLE 154.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 155.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 156.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 157.EMERSON ELECTRIC CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.SEGMENT INFORMATION
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE TO HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 10.MODERATE TO HIGH BARGAINING POWER OF BUYERS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.IO-LINK MARKET, BY TYPE, 2020–2030
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR I IO-LINK WIRED, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR IO-LINK WIRELESS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.IO-LINK MARKET, BY COMPONENT, 2020–2030
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR IO-LINK MASTER, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR IO-LINK DEVICES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.IO-LINK MARKET, BY APPLICATION, 2020–2030
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR MACHINE TOOL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR INTRALOGISTICS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF IO-LINK MARKET FOR PACKAGING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.IO-LINK MARKET, BY INDUSTRY VERTICAL, 2020–2030
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR OIL & GAS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR ENERGY & POWER, BY COUNTRY,  2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR AUTOMOTIVE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR AEROSPACE & DEFENSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR FOOD & BEVERAGES, BY COUNTRY,  2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR CHEMICALS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF SHARE IO-LINK MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 33.IO-LINK MARKET, BY REGION, 2020-2030 (%)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA IO-LINK MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 35.U.S. IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 36.CANADA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 37.MEXICO IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 38.COMPARATIVE SHARE ANALYSIS OF EUROPE IO-LINK MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 39.GERMANY IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 40.UK IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 41.FRANCE IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 42.ITALY IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 43.REST OF EUROPE IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 44.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC IO-LINK MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 45.CHINA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 46.JAPAN IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 47.INDIA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 48.SOUTH KOREA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 49.TAIWAN IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 50.REST OF ASIA-PACIFIC IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 51.COMPARATIVE SHARE ANALYSIS OF LAMEA IO-LINK MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 52.LATIN AMERICA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 53.MIDDLE EAST IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 54.AFRICA IO-LINK MARKET, 2020–2030 ($BILLION)
FIGURE 55.MARKET PLAYER POSITIONING, 2020
FIGURE 56.TOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 57.TOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 58.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021
FIGURE 59.COMPETITIVE DASHBOARD
FIGURE 60.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 61.SIEMENS: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.SIEMENS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 63.SIEMENS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 64.HANS TURCK GMBH & CO. KG: REVENUE, 2018–2020 ($MILLION)
FIGURE 65.HANS TURCK GMBH & CO. KG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 66.HANS TURCK GMBH & CO. KG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 67.BALLUFF GMBH: REVENUE, 2018–2020 ($MILLION)
FIGURE 68.BALLUFF GMBH: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 69.BALLUFF GMBH: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 70.IFM ELECTRONIC: REVENUE, 2018–2020 ($MILLION)
FIGURE 71.IFM ELECTRONIC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 72.IFM ELECTRONIC: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 73.SICK AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 74.SICK AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 75.SICK AG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 76.ROCKWELL AUTOMATION, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 77.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 78.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 79.OMRON CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 80.OMRON CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 81.OMRON CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 82.PEPPERL+FUCHS: REVENUE, 2018–2020 ($MILLION)
FIGURE 83.PEPPERL+FUCHS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 84.PEPPERL+FUCHS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 85.BANNER ENGINEERING CORP: REVENUE, 2018–2020 ($MILLION)
FIGURE 86.BANNER ENGINEERING CORP: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 87.BANNER ENGINEERING CORP: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 88.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 89.EMERSON ELECTRIC CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 90.EMERSON ELECTRIC CO.: REVENUE SHARE, BY REGION, 2020 (%)

 
 

The IO-link market holds high potential in the industrial sector. The current business scenario experiences rapid development in smart infrastructure, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.   

The key factors such as ability to support much higher level Fieldbus and Ethernet communication protocols, rise in penetration of Industry 4.0, and government initiatives toward the adoption of industrial automation drive the IO-Link market growth contribute toward the growth of the global IO-link market. Europe held the largest share of the IO-link market, owing to the presence of automotive, aerospace & defense, and industrial manufacturing verticals in the region. Moreover, the region comprises major growing economies, such as the UK, Germany, and France, which offer significant growth opportunities for the IO-link market.

Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, agreement, collaboration, and partnership are expected to be the prominent strategies adopted by the market players.

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A. The IO-Link Market is estimated to grow at a CAGR of 29.0% from 2021 to 2030.

A. The IO-Link Market is projected to reach $6.10 billion by 2030

A. To get the latest version of sample report

A. The growth of the global IO-link market size is anticipated to driven by factors such as the ability to support much higher level Fieldbus and Ethernet communication protocols, surge in demand for Industry 4.0, and rise in government initiatives toward the adoption of industrial automation drive the IO-link market growth.

A. The key players profiled in the IO-Link Market include Siemens, Hans Turck GmbH & Co. KG, Balluff GmbH, ifm electronic GmbH, SICK AG, Rockwell Automation, Inc., Omron Corporation, Pepperl+Fuchs and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The IO-Link Market is segmented on the basis of type, component, application, industry vertical, and region

A. The key growth strategies of IO-Link Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. By type, the market is bifurcated into IO-link wired and IO-link wireless.

A. IO-link wired segment accounted for the maximum revenue, and is projected to grow at a notable CAGR.

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