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IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus or a type of industrial ethernet.
Europe is estimated to have a major share in the global market with 36%.
Market Analysis and Insights: Global IO-Link Market
The global IO-Link market size is projected to reach US$ 6172.4 million by 2027, from US$ 2672.9 million in 2020, at a CAGR of 12.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global IO-Link market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global IO-Link market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global IO-Link market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global IO-Link market.
Global IO-Link Scope and Market Size
IO-Link market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IO-Link market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
IO-Link Master
IO-Link Sensor
Other
The segment of IO-link sensor holds a comparatively larger share in global market, which accounts for about 41%.
Segment by Application
Industrial Automation
Food & Beverage Industry
Control Cabinets
Other
The industrial automation holds an important share in terms of applications, and accounts for 69% of the market share.
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Siemens
Ifm Electronic
Bosch Rexforth
Rockwell Automation
Baumer Group
Balluff
Murrelektronik
SICK
WAGO
Turck
Wenglor
Belden
Weidmüller
Pepperl+Fuchs
Omron
Beckhoff
Carlo Gavazzi
Datalogic
MESCO
Europe is estimated to have a major share in the global market with 36%.
Market Analysis and Insights: Global IO-Link Market
The global IO-Link market size is projected to reach US$ 6172.4 million by 2027, from US$ 2672.9 million in 2020, at a CAGR of 12.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global IO-Link market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global IO-Link market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global IO-Link market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global IO-Link market.
Global IO-Link Scope and Market Size
IO-Link market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IO-Link market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
IO-Link Master
IO-Link Sensor
Other
The segment of IO-link sensor holds a comparatively larger share in global market, which accounts for about 41%.
Segment by Application
Industrial Automation
Food & Beverage Industry
Control Cabinets
Other
The industrial automation holds an important share in terms of applications, and accounts for 69% of the market share.
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Siemens
Ifm Electronic
Bosch Rexforth
Rockwell Automation
Baumer Group
Balluff
Murrelektronik
SICK
WAGO
Turck
Wenglor
Belden
Weidmüller
Pepperl+Fuchs
Omron
Beckhoff
Carlo Gavazzi
Datalogic
MESCO
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
