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.
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:
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).
Actuator:
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
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:
Types
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.
Applications
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:
- 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
Highlights of The IO-Link Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sensor
- Actuator
- Hub
- Electromechanical Components
- Others
- By Application:
- Industrial Automation
- Food & Beverage Industry
- Control Cabinets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ifm Electronic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bosch Rexforth
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rockwell Automation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Baumer Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Balluff
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Murrelektronik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SICK
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. WAGO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Turck
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wenglor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Belden
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Weidmüller
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pepperl+Fuchs
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Omron
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beckhoff
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Carlo Gavazzi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Datalogic
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. MESCO
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
