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Global IO-Link Market Size study, By Component, IO-link Master, IO-link Devices, Sensor Nodes, Modules, Actuators, RFID Read Heads, Others), By Type (IO-link Wired, IO-link Wireless), By Application (Machine Tool, Handling & Assembly Automation, Intralogistics, Packaging), By End Use Industry (Oil & Gas, Energy & Power, Automotive, Aerospace & Defense, Pharmaceuticals, Food & Beverages, Chemicals, Others), and Regional Forecasts 2022-2028

  • BIZ4983225
  • 200 Pages
  • June 2022
  • Semiconductor and Electronics
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Global IO-Link Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The IO-Link can be defined as a point-to-point communication protocol. It is bi-directional, means works two ways and works over a short distance. It is widely used to communicate with sensors and actuators in plant or factory setup. IO-Link, the field devices, such as actuators and sensors, connected to a central device that communicates to a Programmable Logic Controller. This setup is utilized across different industries such as Oil & Gas, Energy & Power, Automotive, Aerospace & Defense, Pharmaceuticals, Food & Beverages, and Chemicals among others. The growing spending on industrial automation and increasing adoption of IO-Link in automotive sector as well as recent product launches from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2022, global industrial automation market was estimated at USD 175 billion, and the size of the global industrial automation market is projected to grow to USD 265 billion by 2025, witnessing a compound annual growth rate (CAGR) of around 9 percent. Furthermore, leading market players are coming up with new products to capitalize the increasing demand for IO link systems. For instance, in May 2022, North Carolina, US based SPX FLOW, Inc., specializes in process solutions for the Industrial and Nutrition & Health markets, launched a new control unit as a part of the CU4plus platform. The new platform also features IO-Link communication protocol. The CU4plus IO-link Control Unit works with all APV and Waukesha Cherry-Burrell valve ranges and can be integrated with any existing installed base. Also, growing adoption of Industry 4.0. and rising investment towards Industrial Internet of Things (IIoT) solutions are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, rising concern over cyber-attacks and increasing adoption of compact machines impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global IO-Link Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automation across different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the automotive sector and increasing investment towards industrial automation in the region, would create lucrative growth prospects for the global IO-Link Market across the Asia Pacific region.

Major market players included in this report are:

Siemens

Hans Turck GmbH & Co. KG

Balluff GmbH

ifm electronic GmbH

SICK AG

Rockwell Automation, Inc.

Omron Corporation

Pepperl+Fuchs

Banner Engineering Corp.

Emerson Electric Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

IO-link Master

IO-link Devices

Sensor Nodes

Modules

Actuators

RFID Read Heads

Others

By Type

IO-link Wired

IO-link Wireless

By Application

Machine Tool

Handling & Assembly Automation

Intralogistics

Packaging

By End Use Industry

Oil & Gas

Energy & Power

Automotive

Aerospace & Defense

Pharmaceuticals

Food & Beverages

Chemicals

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global IO-Link Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)

1.2.1. Global IO-Link Market, by Region, 2020-2028 (USD Million)

1.2.2. Global IO-Link Market, by Component, 2020-2028 (USD Million)

1.2.3. Global IO-Link Market, by Type, 2020-2028 (USD Million)

1.2.4. Global IO-Link Market, by Application, 2020-2028 (USD Million)

1.2.5. Global IO-Link Market, by End Use Industry, 2020-2028 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global IO-Link Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global IO-Link Market Dynamics

3.1. IO-Link Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Growing spending on industrial automation.

3.1.1.2. Increasing adoption of IO-Link in automotive sector.

3.1.1.3. Recent product launches from leading market players.

3.1.2. Market Challenges

3.1.2.1. Rising concern over cyber attacks

3.1.2.2. Increasing adoption of compact machines

3.1.3. Market Opportunities

3.1.3.1. Growing adoption of Industry 4.0.

3.1.3.2. Rising investment towards Industrial Internet of Things (IIoT) solutions

Chapter 4. Global IO-Link Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global IO-Link Market, by Component

6.1. Market Snapshot

6.2. Global IO-Link Market by Component, Performance - Potential Analysis

6.3. Global IO-Link Market Estimates & Forecasts by Component 2018-2028 (USD Million)

6.4. IO-Link Market, Sub Segment Analysis

6.4.1. IO-link Master

6.4.2. IO-link Devices

6.4.3. Sensor Nodes

6.4.4. Modules

6.4.5. Actuators

6.4.6. RFID Read Heads

6.4.7. Others

Chapter 7. Global IO-Link Market, by Type

7.1. Market Snapshot

7.2. Global IO-Link Market by Type, Performance - Potential Analysis

7.3. Global IO-Link Market Estimates & Forecasts by Type 2018-2028 (USD Million)

7.4. IO-Link Market, Sub Segment Analysis

7.4.1. IO-link Wired

7.4.2. IO-link Wireless

Chapter 8. Global IO-Link Market, by Application

8.1. Market Snapshot

8.2. Global IO-Link Market by Application, Performance - Potential Analysis

8.3. Global IO-Link Market Estimates & Forecasts by Application 2018-2028 (USD Million)

8.4. IO-Link Market, Sub Segment Analysis

8.4.1. Machine Tool

8.4.2. Handling & Assembly Automation

8.4.3. Intralogistics

8.4.4. Packaging

Chapter 9. Global IO-Link Market, by End Use Industry

9.1. Market Snapshot

9.2. Global IO-Link Market by End Use Industry, Performance - Potential Analysis

9.3. Global IO-Link Market Estimates & Forecasts by End Use Industry 2018-2028 (USD Million)

9.4. IO-Link Market, Sub Segment Analysis

9.4.1. Oil & Gas

9.4.2. Energy & Power

9.4.3. Automotive

9.4.4. Aerospace & Defense

9.4.5. Pharmaceuticals

9.4.6. Food & Beverages

9.4.7. Chemicals

9.4.8. Others

Chapter 10. Global IO-Link Market, Regional Analysis

10.1. IO-Link Market, Regional Market Snapshot

10.2. North America IO-Link Market

10.2.1. U.S. IO-Link Market

10.2.1.1. Component estimates & forecasts, 2018-2028

10.2.1.2. Type estimates & forecasts, 2018-2028

10.2.1.3. Application estimates & forecasts, 2018-2028

10.2.1.4. End Use Industry estimates & forecasts, 2018-2028

10.2.2. Canada IO-Link Market

10.3. Europe IO-Link Market Snapshot

10.3.1. U.K. IO-Link Market

10.3.2. Germany IO-Link Market

10.3.3. France IO-Link Market

10.3.4. Spain IO-Link Market

10.3.5. Italy IO-Link Market

10.3.6. Rest of Europe IO-Link Market

10.4. Asia-Pacific IO-Link Market Snapshot

10.4.1. China IO-Link Market

10.4.2. India IO-Link Market

10.4.3. Japan IO-Link Market

10.4.4. Australia IO-Link Market

10.4.5. South Korea IO-Link Market

10.4.6. Rest of Asia Pacific IO-Link Market

10.5. Latin America IO-Link Market Snapshot

10.5.1. Brazil IO-Link Market

10.5.2. Mexico IO-Link Market

10.6. Rest of The World IO-Link Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. Siemens

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Hans Turck GmbH & Co. KG

11.2.3. Balluff GmbH

11.2.4. ifm electronic GmbH

11.2.5. SICK AG

11.2.6. Rockwell Automation, Inc.

11.2.7. Omron Corporation

11.2.8. Pepperl+Fuchs

11.2.9. Banner Engineering Corp.

11.2.10. Emerson Electric Co.

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. Global IO-Link Market, report scope

TABLE 2. Global IO-Link Market estimates & forecasts by Region 2018-2028 (USD Million)

TABLE 3. Global IO-Link Market estimates & forecasts by Component 2018-2028 (USD Million)

TABLE 4. Global IO-Link Market estimates & forecasts by Type 2018-2028 (USD Million)

TABLE 5. Global IO-Link Market estimates & forecasts by Application 2018-2028 (USD Million)

TABLE 6. Global IO-Link Market estimates & forecasts by End Use Industry 2018-2028 (USD Million)

TABLE 7. Global IO-Link Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 8. Global IO-Link Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 9. Global IO-Link Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 10. Global IO-Link Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 11. Global IO-Link Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 12. Global IO-Link Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 13. Global IO-Link Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 14. Global IO-Link Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 15. Global IO-Link Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 16. Global IO-Link Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 17. U.S. IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 18. U.S. IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 19. U.S. IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 20. Canada IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 21. Canada IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 22. Canada IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 23. UK IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 24. UK IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 25. UK IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 26. Germany IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 27. Germany IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 28. Germany IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 29. RoE IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 30. RoE IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 31. RoE IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 32. China IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 33. China IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 34. China IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 35. India IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 36. India IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 37. India IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 38. Japan IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 39. Japan IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 40. Japan IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 41. RoAPAC IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 42. RoAPAC IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 43. RoAPAC IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 44. Brazil IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 45. Brazil IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 46. Brazil IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 47. Mexico IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 48. Mexico IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 49. Mexico IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 50. RoLA IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 51. RoLA IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 52. RoLA IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 53. Row IO-Link Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 54. Row IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 55. Row IO-Link Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 56. List of secondary sources, used in the study of global IO-Link Market

TABLE 57. List of primary sources, used in the study of global IO-Link Market

TABLE 58. Years considered for the study

TABLE 59. Exchange rates considered

 
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