Market Overview:
IO-Link is a communication protocol used for industrial automation. It allows the exchange of data between devices using standard Ethernet cables. IO-Link masters are devices that initiate and control the communication, while IO-Link devices are the ones that receive and respond to commands. The global IO-Link market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of this market can be attributed to the increasing demand for industrial automation across different industries, such as automotive, medical devices, semiconductor and electronics, and others. Additionally, rising awareness about the benefits of using IO-Link technology is also contributing to the growth of this market. The global IO-link market can be segmented on the basis of type into io-link masters and io-link devices. On the basis of application, it can be divided into automotive industry, medical device industry semiconductor & electronics industry,,and other applications including food & beverage processing plants etc.
Product Definition:
IO-Link is a communication interface that allows the exchange of data between devices and controllers. The importance of IO-Link is that it provides a standardized way for devices to communicate, which makes it easier to program and troubleshoot systems.
IO-Link Masters:
IO-Link is a wireless technology that provides high bandwidth and low power consumption. It allows devices to communicate over long distances using electromagnetic waves for data transfer. The technology has been evolving gradually since its introduction in the early 90s, with significant improvements in range and speed along with reduced cost of ownership.
IO-Link Devices:
IO-Link devices are a new generation of optical networking equipment. They provide high bandwidth and low latency connectivity for the next-generation data center interconnections. The primary focus has been on increasing the aggregate network capacity without increasing the aggregated bandwidth, which is IO-Link’s unique capability.
IO-Link devices can be used in various applications such as storage area networks (SAN), local area networks (LAN), metropolitan area networks (MAN).
Application Insights:
The automotive segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing need for real-time communication between vehicles and road infrastructure, increasing safety concerns, rising demand for advanced driver assistance systems (ADAS), and growing focus on automation are some of the key factors propelling growth. IO-link provides a wireless connection between vehicle¢â‚¬â„¢s ECU (Electronic Control Unit) or brain box and various sensors or actuators located at strategic points along roadsides that enable real-time data transmission to the central control room. This technology has numerous applications in ADAS such as adaptive cruise control, lane departure warning system, emergency braking assistance system with integrated vision camera, etc.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of major players such as Maxim Integrated Products Inc.; Texas Instruments Inc.; and Avago Technologies Limited. The increasing use of wireless technology for data transfer instead of physical contact has led to an increase in demand for IO-Link devices. Moreover, growing adoption by automotive manufacturers due to increased safety and security features is anticipated to drive growth over the next eight years.
Asia Pacific accounted for more than 25% share in 2016 owing its large population base, which demands consumer electronics products with enhanced communication capabilities. Countries such as China and Japan are among those that consume most number of IO-LINK equipped products worldwide; thus making it one of the largest markets globally. The Middle East & Africa region is also expected witness considerable growth over the coming years on account rising investments by governments towards infrastructure development coupled with rapid industrialization across countries like Saudi Arabia, UAE, Egypt etc.
Growth Factors:
- Increasing demand from the process industries for better communication and data exchange between devices and systems for improved performance, efficiency, and safety.
- The growing trend of Industry 4.0 and the Internet of Things (IoT) which is driving the need for more open, standardized communication protocols to connect different types of machines and devices together.
- The increasing use of IO-Link in smart factories as part of IIoT deployments to collect data from production lines and sensors for real-time analytics and decision making.
- The development of new applications for IO-Link such as condition monitoring, predictive maintenance, fault detection & diagnosis etc., that can help improve plant productivity & uptime .
Scope Of The Report
Report Attributes
Report Details
Report Title
IO-Link Market Research Report
By Type
IO-Link Masters, IO-Link Devices
By Application
Automotive, Medical Devices, Semiconductor and Electronics, Others
By Companies
Siemens, Balluff, Ifm Electronic, SICK, Rockwell Automation, Festo, Omron, Bosch Rexforth, Banner Engineering, Hans Turck, Pepperl & Fuchs, Datalogic, Belden, Bernecker + Rainer, Comtrol Corporation, Beckhoff Automation
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global IO-Link Market Report Segments:
The global IO-Link market is segmented on the basis of:
Types
IO-Link Masters, IO-Link Devices
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
Automotive, Medical Devices, Semiconductor and Electronics, 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
- Balluff
- Ifm Electronic
- SICK
- Rockwell Automation
- Festo
- Omron
- Bosch Rexforth
- Banner Engineering
- Hans Turck
- Pepperl & Fuchs
- Datalogic
- Belden
- Bernecker + Rainer
- Comtrol Corporation
- Beckhoff Automation
Highlights of The IO-Link 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:
- IO-Link Masters
- IO-Link Devices
- By Application:
- Automotive
- Medical Devices
- Semiconductor and Electronics
- 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 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
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 is a specification for a communication interface between devices in the embedded systems domain. IO-Link provides an industry standard way to connect peripherals, such as sensors and actuators, to embedded systems.
Some of the key players operating in the io-link market are Siemens, Balluff, Ifm Electronic, SICK, Rockwell Automation, Festo, Omron, Bosch Rexforth, Banner Engineering, Hans Turck, Pepperl & Fuchs, Datalogic, Belden, Bernecker + Rainer, Comtrol Corporation, Beckhoff Automation.
The io-link 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 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 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 Market - Supply Chain
4.5. Global IO-Link Market Forecast
4.5.1. IO-Link Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IO-Link Market Size (000 Units) and Y-o-Y Growth
4.5.3. IO-Link Market Absolute $ Opportunity
5. Global IO-Link 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 Market Size and Volume Forecast by Type
5.3.1. IO-Link Masters
5.3.2. IO-Link Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IO-Link 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 Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Medical Devices
6.3.3. Semiconductor and Electronics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IO-Link 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 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 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 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 Demand Share Forecast, 2019-2029
9. North America IO-Link 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 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 Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Medical Devices
9.4.3. Semiconductor and Electronics
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 Market Size and Volume Forecast by Type
9.7.1. IO-Link Masters
9.7.2. IO-Link Devices
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 Demand Share Forecast, 2019-2029
10. Latin America IO-Link 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 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 Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Medical Devices
10.4.3. Semiconductor and Electronics
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 Market Size and Volume Forecast by Type
10.7.1. IO-Link Masters
10.7.2. IO-Link Devices
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 Demand Share Forecast, 2019-2029
11. Europe IO-Link 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 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 Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Medical Devices
11.4.3. Semiconductor and Electronics
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 Market Size and Volume Forecast by Type
11.7.1. IO-Link Masters
11.7.2. IO-Link Devices
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 Contry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IO-Link Demand Share, 2019-2029
12. Asia Pacific IO-Link 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 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 Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Medical Devices
12.4.3. Semiconductor and Electronics
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 Market Size and Volume Forecast by Type
12.7.1. IO-Link Masters
12.7.2. IO-Link Devices
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 Demand Share, 2019-2029
13. Middle East & Africa IO-Link 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 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 Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Medical Devices
13.4.3. Semiconductor and Electronics
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 Market Size and Volume Forecast by Type
13.7.1. IO-Link Masters
13.7.2. IO-Link Devices
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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global IO-Link Market: Market Share Analysis
14.2. IO-Link Distributors and Customers
14.3. IO-Link 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. Balluff
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ifm Electronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SICK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rockwell Automation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Festo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Omron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bosch Rexforth
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Banner Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hans 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. Pepperl & Fuchs
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Datalogic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Belden
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bernecker + Rainer
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Comtrol Corporation
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 Automation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
