Market Overview:
IO-Link systems are used to connect different devices and machines in an industrial automation system. The global IO-Link systems market is expected to grow from USD 1.02 billion in 2018 to USD 2.06 billion by 2030, at a CAGR of 9.5% during the forecast period. The growth of the market can be attributed to the increasing demand for industrial automation and rising adoption of IoT in various industries. The global IO-Link systems market is segmented by type, application, and region. By type, the market is divided into IO-Link masters, IO-link sensors, and others (including actuators). By application, it is classified into industrial automation, food and beverage industry Automotive industry Others (including medical devices).
Product Definition:
IO-Link is a standardized communication system for industrial automation. It allows devices to communicate with each other as well as with higher-level control systems, making it an essential part of the Industrial Internet of Things (IIoT).
IO-Link Master:
IO-Link Master is a device that provides an interface between the PC and the peripheral devices. It's main function is to convert parallel printer port and universal serial bus (USB) into a single connection known as IO-Link. The other important function of this product is to translate USB packets into parallel printer port commands, so that the printers can be operated from any computerized system or personal desktop with ease.
IO-Link Sensors:
IO-Link Sensors are a new generation of smart sensors that can be used in IO-Link Systems. They have advanced functionalities such as self-diagnosis and self-healing capabilities, which make them highly reliable for use in critical industrial applications. These sensors also reduce the maintenance cost by reducing the number of wires between components, thus simplifying its operation and increasing reliability.
Application Insights:
The automotive industry is one of the major consumers of IO-Link systems. The increasing need for advanced safety and security features, along with the growing demand for electric vehicles, has led to an increased focus on automation in this sector. Furthermore, rising consumer preference for luxury cars equipped with high technology features is expected to boost market growth over the forecast period.
The industrial automation segment accounted for a significant share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing adoption across manufacturing facilities worldwide. The introduction of new technologies such as machine learning algorithms has led manufacturers into adopting these devices more frequently within their production lines as they can react faster than humans and make decisions based on patterns that it senses throughout its operations.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government spending on industrial automation, rising adoption of factory floor monitoring systems, and growing demand for smart devices. Moreover, increasing investments by companies such as Siemens AG; Schneider Electric; Alstom Grid Company S.A.; General Electric; Honeywell International Inc.; Johnson Controls Inc.; and ABB Ltd., are anticipated to drive the regional market further.
The Latin American region is also expected to witness considerable growth over the forecast period owing to factors such as improving economic conditions in countries like Brazil & Argentina that are majorly driven by strong manufacturing sector growth along with increased foreign direct investment (FDI). Furthermore, rising awareness about energy efficiency among end-users of IO-Link systems would propel regional demand further.
Growth Factors:
- Increasing demand from the process industries for better communication and data exchange between devices and 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 IIoT technologies and platforms that enable more efficient data collection, analysis, and decision making
- Rising demand for factory automation and Industry 4.0 initiatives to improve productivity, quality, and sustainability
Scope Of The Report
Report Attributes
Report Details
Report Title
IO-Link Systems Market Research Report
By Type
IO-Link Master, IO-Link Sensors, Others
By Application
Industrial Automation, Food and Beverage Industry, Automotive Industry, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global IO-Link Systems Market Report Segments:
The global IO-Link Systems market is segmented on the basis of:
Types
IO-Link Master, IO-Link Sensors, 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 and Beverage Industry, Automotive Industry, 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 Systems 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 Master
- IO-Link Sensors
- Others
- By Application:
- Industrial Automation
- Food and Beverage Industry
- Automotive Industry
- 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 Systems 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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- Correctly Positioning New Products
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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 Systems is a provider of software and services for the management, monitoring and control of industrial processes. The company's products include process controllers, data acquisition systems, real-time operating systems (RTOS) and application programming interfaces (API). IO-Link Systems also provides consulting services to help clients implement its products.
Some of the major players in the io-link systems 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 systems market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IO-Link Systems 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 Systems 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 Systems Market - Supply Chain
4.5. Global IO-Link Systems Market Forecast
4.5.1. IO-Link Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IO-Link Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. IO-Link Systems Market Absolute $ Opportunity
5. Global IO-Link Systems 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 Systems Market Size and Volume Forecast by Type
5.3.1. IO-Link Master
5.3.2. IO-Link Sensors
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IO-Link Systems 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 Systems Market Size and Volume Forecast by Application
6.3.1. Industrial Automation
6.3.2. Food and Beverage Industry
6.3.3. Automotive Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IO-Link Systems 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 Systems 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 Systems 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 Systems 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 Systems Demand Share Forecast, 2019-2026
9. North America IO-Link Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
9.4.1. Industrial Automation
9.4.2. Food and Beverage Industry
9.4.3. Automotive Industry
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 Systems Market Size and Volume Forecast by Type
9.7.1. IO-Link Master
9.7.2. IO-Link Sensors
9.7.3. 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 Systems Demand Share Forecast, 2019-2026
10. Latin America IO-Link Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
10.4.1. Industrial Automation
10.4.2. Food and Beverage Industry
10.4.3. Automotive Industry
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 Systems Market Size and Volume Forecast by Type
10.7.1. IO-Link Master
10.7.2. IO-Link Sensors
10.7.3. 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 Systems Demand Share Forecast, 2019-2026
11. Europe IO-Link Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
11.4.1. Industrial Automation
11.4.2. Food and Beverage Industry
11.4.3. Automotive Industry
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 Systems Market Size and Volume Forecast by Type
11.7.1. IO-Link Master
11.7.2. IO-Link Sensors
11.7.3. 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 Systems Demand Share, 2019-2026
12. Asia Pacific IO-Link Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
12.4.1. Industrial Automation
12.4.2. Food and Beverage Industry
12.4.3. Automotive Industry
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 Systems Market Size and Volume Forecast by Type
12.7.1. IO-Link Master
12.7.2. IO-Link Sensors
12.7.3. 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 Systems Demand Share, 2019-2026
13. Middle East & Africa IO-Link Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
13.4.1. Industrial Automation
13.4.2. Food and Beverage Industry
13.4.3. Automotive Industry
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 Systems Market Size and Volume Forecast by Type
13.7.1. IO-Link Master
13.7.2. IO-Link Sensors
13.7.3. 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 Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IO-Link Systems Market: Market Share Analysis
14.2. IO-Link Systems Distributors and Customers
14.3. IO-Link Systems 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
