Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global IO-Link Devices Market by Type (Sensor, Actuator, Hub, Electromechanical Components, Others), By Application (Industrial Automation, Food & Beverage Industry, Control Cabinets, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global IO-Link Devices Market by Type (Sensor, Actuator, Hub, Electromechanical Components, Others), By Application (Industrial Automation, Food & Beverage Industry, Control Cabinets, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156248 3300 Machinery & Equipment 377 230 Pages 4.9 (32)

Market Overview:

The global IO-Link devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial automation and the growing trend of Industry 4.0 across different regions. Additionally, the rising demand for food & beverage industry and control cabinets are also contributing to the growth of this market. Based on type, the global IO-Link devices market is segmented into sensors, actuators, hubs, electromechanical components, and others. The sensors segment is expected to hold a major share in this market owing to their wide usage across different industries for various purposes such as detecting temperature or pressure variations in fluids or gases respectively. Based on application, industrial automation accounts for a major share of this market followed by food & beverage industry and control cabinets respectively.

Global IO-Link Devices Industry Outlook

Product Definition:

IO-Link is a standardized communication interface for industrial automation. It allows the linking of field devices and sensors with controllers, HMIs or PCs. IO-Link enables fast and reliable data exchange between devices, while reducing wiring costs.


Sensor is an electronic device that responds to a physical phenomenon and converts it into electrical signals. There are two types of sensors, namely mechanical and thermal. A mechanical sensor is used to measure position, pressure, motion or force whereas a thermal sensor measures temperature. The IO-Link devices use the concept of IR LEDS for sensing the presence and type of objects in proximity to each other as well as detecting obstacles along the route by using light detection sensors (LDS).


An actuator is a mechanical device used to create motion or effect in electric circuits. Actuators are extensively used in control systems of machines and devices for carrying out various operations such as opening and closing of valves, changing the position of pistons, etc. The most commonly used actuators are DC (direct current) motors, Servo motors, pneumatic/ hydraulic motors and steam turbines.

IO-Link devices require two types of sensors namelyactuator sensor.

Application Insights:

The control cabinets segment is expected to emerge as the fastest-growing application, registering a CAGR of XX% over the forecast period. Control cabinets are used in various industries for automation and safety applications. The increasing need for controlling industrial processes with higher accuracy and reliability is driving the demand for control cabinets that use IO-Link technology.

Food & beverage industry accounted for over 15% of market share in terms of revenue in 2017 owing to growing demand from process automation applications such as material handling, packaging, bottling/canning line sequencing and robotics systems among others.

Regional Analysis:

The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing adoption of automation and integration with other systems. The growing demand for programmable logic controllers (PLCs) and industrial robots is also expected to drive regional growth. Moreover, rising awareness regarding safety & security, along with stringent government regulations, has led manufacturers in this region adopt IO-Link devices for building smart factories.

Asia Pacific accounted for more than 25% of the overall revenue share in 2017 owing to high manufacturing activities across industries such as automotive, consumer goods & electronics, pharmaceuticals and others that use sensors or actuators connected via IO-Link cables. Furthermore, favorable government initiatives coupled with investments by prominent players are anticipated to boost market growth over the forecast period.

Growth Factors:

  • Increasing demand from the process industries for better communication and data exchange between devices and control systems
  • Growing popularity of IO-Link as an open standard for industrial communication
  • Proliferation of smart sensors and actuators that support IO-Link communications
  • Rapid advancements in digital technologies and IIoT platforms that are driving the adoption of IO-Link devices
  • Rising demand for automation and connectivity in manufacturing processes

Scope Of The Report

Report Attributes

Report Details

Report Title

IO-Link Devices Market Research Report

By Type

Sensor, Actuator, Hub, Electromechanical Components, Others

By Application

Industrial Automation, Food & Beverage Industry, Control Cabinets, Others

By Companies

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

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global IO-Link Devices Market Report Segments:

The global IO-Link Devices market is segmented on the basis of:


Sensor, Actuator, Hub, Electromechanical Components, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Industrial Automation, Food & Beverage Industry, Control Cabinets, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Siemens
  2. Ifm Electronic
  3. Bosch Rexforth
  4. Rockwell Automation
  5. Baumer Group
  6. Balluff
  7. Murrelektronik
  8. SICK
  9. WAGO
  10. Turck
  11. Wenglor
  12. Belden
  13. Weidmüller
  14. Pepperl+Fuchs
  15. Omron
  16. Beckhoff
  17. Carlo Gavazzi
  18. Datalogic
  19. MESCO

Global IO-Link Devices Market Overview

Highlights of The IO-Link Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Sensor
    2. Actuator
    3. Hub
    4. Electromechanical Components
    5. Others
  1. By Application:

    1. Industrial Automation
    2. Food & Beverage Industry
    3. Control Cabinets
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the IO-Link Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global IO-Link Devices Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

IO-Link Devices are a type of peripheral device that allow computers to communicate with each other over a network. IO-Link devices can be used for a variety of purposes, such as connecting two computers together so that they can share files or printers, or connecting two controllers so that one computer can control the other.

Some of the major players in the io-link devices market are Siemens, Ifm Electronic, Bosch Rexforth, Rockwell Automation, Baumer Group, Balluff, Murrelektronik, SICK, WAGO, Turck, Wenglor, Belden, WeidmƒÂ¼ller, Pepperl+Fuchs, Omron, Beckhoff, Carlo Gavazzi, Datalogic, MESCO.

The io-link devices market is expected to grow at a compound annual growth rate of 7.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. IO-Link Devices Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. IO-Link Devices Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. IO-Link Devices Market - Supply Chain
   4.5. Global IO-Link Devices Market Forecast
      4.5.1. IO-Link Devices Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. IO-Link Devices Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. IO-Link Devices Market Absolute $ Opportunity

5. Global IO-Link Devices Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. IO-Link Devices Market Size and Volume Forecast by Type
      5.3.1. Sensor
      5.3.2. Actuator
      5.3.3. Hub
      5.3.4. Electromechanical Components
      5.3.5. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global IO-Link Devices Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. IO-Link Devices Market Size and Volume Forecast by Application
      6.3.1. Industrial Automation
      6.3.2. Food & Beverage Industry
      6.3.3. Control Cabinets
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global IO-Link Devices Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. IO-Link Devices Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global IO-Link Devices Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. IO-Link Devices Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global IO-Link Devices Demand Share Forecast, 2019-2026

9. North America IO-Link Devices Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America IO-Link Devices Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America IO-Link Devices Market Size and Volume Forecast by Application
      9.4.1. Industrial Automation
      9.4.2. Food & Beverage Industry
      9.4.3. Control Cabinets
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America IO-Link Devices Market Size and Volume Forecast by Type
      9.7.1. Sensor
      9.7.2. Actuator
      9.7.3. Hub
      9.7.4. Electromechanical Components
      9.7.5. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America IO-Link Devices Demand Share Forecast, 2019-2026

10. Latin America IO-Link Devices Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America IO-Link Devices Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America IO-Link Devices Market Size and Volume Forecast by Application
      10.4.1. Industrial Automation
      10.4.2. Food & Beverage Industry
      10.4.3. Control Cabinets
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America IO-Link Devices Market Size and Volume Forecast by Type
      10.7.1. Sensor
      10.7.2. Actuator
      10.7.3. Hub
      10.7.4. Electromechanical Components
      10.7.5. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America IO-Link Devices Demand Share Forecast, 2019-2026

11. Europe IO-Link Devices Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe IO-Link Devices Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe IO-Link Devices Market Size and Volume Forecast by Application
      11.4.1. Industrial Automation
      11.4.2. Food & Beverage Industry
      11.4.3. Control Cabinets
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe IO-Link Devices Market Size and Volume Forecast by Type
      11.7.1. Sensor
      11.7.2. Actuator
      11.7.3. Hub
      11.7.4. Electromechanical Components
      11.7.5. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe IO-Link Devices Demand Share, 2019-2026

12. Asia Pacific IO-Link Devices Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific IO-Link Devices Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific IO-Link Devices Market Size and Volume Forecast by Application
      12.4.1. Industrial Automation
      12.4.2. Food & Beverage Industry
      12.4.3. Control Cabinets
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific IO-Link Devices Market Size and Volume Forecast by Type
      12.7.1. Sensor
      12.7.2. Actuator
      12.7.3. Hub
      12.7.4. Electromechanical Components
      12.7.5. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific IO-Link Devices Demand Share, 2019-2026

13. Middle East & Africa IO-Link Devices Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa IO-Link Devices Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa IO-Link Devices Market Size and Volume Forecast by Application
      13.4.1. Industrial Automation
      13.4.2. Food & Beverage Industry
      13.4.3. Control Cabinets
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa IO-Link Devices Market Size and Volume Forecast by Type
      13.7.1. Sensor
      13.7.2. Actuator
      13.7.3. Hub
      13.7.4. Electromechanical Components
      13.7.5. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa IO-Link Devices Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global IO-Link Devices Market: Market Share Analysis
   14.2. IO-Link Devices Distributors and Customers
   14.3. IO-Link Devices Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Siemens Overview Financials Developments Strategic Outlook
      14.4.2. Ifm Electronic Overview Financials Developments Strategic Outlook
      14.4.3. Bosch Rexforth Overview Financials Developments Strategic Outlook
      14.4.4. Rockwell Automation Overview Financials Developments Strategic Outlook
      14.4.5. Baumer Group Overview Financials Developments Strategic Outlook
      14.4.6. Balluff Overview Financials Developments Strategic Outlook
      14.4.7. Murrelektronik Overview Financials Developments Strategic Outlook
      14.4.8. SICK Overview Financials Developments Strategic Outlook
      14.4.9. WAGO Overview Financials Developments Strategic Outlook
      14.4.10. Turck Overview Financials Developments Strategic Outlook
      14.4.11. Wenglor Overview Financials Developments Strategic Outlook
      14.4.12. Belden Overview Financials Developments Strategic Outlook
      14.4.13. Weidmüller Overview Financials Developments Strategic Outlook
      14.4.14. Pepperl+Fuchs Overview Financials Developments Strategic Outlook
      14.4.15. Omron Overview Financials Developments Strategic Outlook
      14.4.16. Beckhoff Overview Financials Developments Strategic Outlook
      14.4.17. Carlo Gavazzi Overview Financials Developments Strategic Outlook
      14.4.18. Datalogic Overview Financials Developments Strategic Outlook
      14.4.19. MESCO Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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