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IO-Link Market -by Application (Handling & Assembly Automation, Machine Tool, Intralogistics, and Packaging), by Component (IO-Link Devices and IO-Link Masters), by Industry (Hybrid, Discrete, and Process), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 16-Mar-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-3706 Status : Published

The global IO-Link market, which was estimated at about 3 (USD Billion) in 2019 and is predicted to accrue earnings worth 14 (USD Billion) by 2025, is set to record a CAGR of nearly over 35% during 2019-2025.

Description

The global IO-Link market, which was estimated at about 3 (USD Billion) in 2019 and is predicted to accrue earnings worth 14 (USD Billion) by 2025, is set to record a CAGR of nearly over 35% during 2019-2025. The report offers valuation and analysis of IO-Link market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

IO-Link Market: Overview

IO-Link is a short distance, bi-directional, digital, and point-to-point communication protocol that can be utilized in automated technology through linking of digital sensors & actuators to high-level fieldbus or ethernet even if they are at distant places. Furthermore, IO-link delivers information through the sensors and this information is utilized for monitoring the activities in different industries. Sensors as well as actuators link to Master equipment through IO-Link and this helps master equipment interact effectively with programmable logic controller.

IO-Link Market: Growth Dynamics

The massive focus on optimizing resources, raising proficiency, and reducing manufacturing costs will prompt the expansion of IO-Link industry over the forecast period. In addition to this, large-scale use of digital industrial systems and favorable government schemes for accepting industrial automation will propel the surge in industry in the years to come. Nonetheless, low level of standardization can put brakes on the market expansion in the years ahead. However, easy access to cloud interface in IO-Link along with introduction of IO-link safety specifications in 2017 will provide new growth avenues for IO-Link market in the year ahead.

Furthermore, growing need for enhancing power efficacy along with onset of industrial 4.0 revolution will bring a paradigm shift in the digital world, thereby influencing the expansion of IO-Link industry over the next couple of years. With acceptance of ethernet communication as standard protocol in automotive, semiconductor & electronics, and medical equipment sectors, the IO-Link industry is anticipated to gain traction over the years to come.

Asia Pacific IO-Link Market To Expand Exponentially Over 2019-2025

The expansion of IO-Link Industry in Asia Pacific over the forecast period is credited to flourishing production industry in the countries such as India and China in the Asia Pacific zone. Apart from this, China is the manufacturing destination for various automotive firms and semi-conductor materials across the globe and this factor is likely to play a major role in leveraging the growth of IO-Link Market in the sub-continent as it will attract the industry players to set up their manufacturing units in the country.

Key players profiled in the study include Festo, Hans Turck, Rockwell Automation, Pepperl & Fuchs, Banner Engineering, Siemens, Ifm electronic, Balluff, SICK, Omron, and Datalogic.

The global IO-Link market is segmented as follows:

By Component

  • IO-Link Masters
  • IO-Link Devices
    • Sensor Nodes
    • Modules
    • Actuators
    • RFID Read Heads and Others

By Application

  • Machine Tool
  • Handling and Assembly Automation
  • Packaging
  • Intralogistics

By Industry

  • Discrete
  • Hybrid
  • Process

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. IO-Link Market, 2015–2025 (USD Billion)
    • 2.2. IO-Link Market: Snapshot
  • Chapter 3. Global IO-Link Market– Industry Analysis
    • 3.1. IO-Link Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Massive focus on optimizing resources, raising proficiency, and reducing manufacturing costs will prompt the expansion of IO-Link industry over the forecast period.
      • 3.2.2. Large-scale use of digital industrial systems and favorable government schemes for accepting industrial automation will propel the surge in industry in the years to come.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Component
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis By Industry
  • Chapter 4. Global IO-Link Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global IO-Link Market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global IO-Link Market– Component Analysis
    • 5.1. Global IO-Link Marketoverview: By Component
      • 5.1.1. Global IO-Link Marketshare, By Component, 2018 and 2025
    • 5.2. IO-Link Masters
      • 5.2.1. Global IO-Link MarketBy IO-Link Masters, 2015–2025 (USD Billion)
    • 5.3. IO-Link Devices
      • 5.3.1. Global IO-Link MarketBy IO-Link Devices, 2015–2025 (USD Billion)
  • Chapter 6. Global IO-Link Market– Application Analysis
    • 6.1. Global IO-Link Marketoverview: By Application
      • 6.1.1. Global IO-Link Marketshare, By Application , 2018 and 2025
    • 6.2. Machine Toul
      • 6.2.1. Global IO-Link MarketBy Machine Toul, 2015–2025 (USD Billion)
    • 6.3. Handling and Assembly Automation
      • 6.3.1. Global IO-Link MarketBy Handling and Assembly Automation , 2015–2025 (USD Billion)
    • 6.4. Packaging
      • 6.4.1. Global IO-Link MarketBy Packaging , 2015–2025 (USD Billion)
    • 6.5. Intralogistics
      • 6.5.1. Global IO-Link MarketBy Intralogistics , 2015–2025 (USD Billion)
  • Chapter 7. Global IO-Link Market– Industry Analysis
    • 7.1. Global IO-Link Marketoverview: By Industry
      • 7.1.1. Global IO-Link Marketshare, By Industry , 2018 and 2025
    • 7.2. Discrete
      • 7.2.1. Global IO-Link MarketBy Discrete, 2015–2025 (USD Billion)
    • 7.3. Hybrid
      • 7.3.1. Global IO-Link MarketBy Hybrid , 2015–2025 (USD Billion)
    • 7.4. Process
      • 7.4.1. Global IO-Link MarketBy Process , 2015–2025 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Pepperl & Fuchs
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Technulogy Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Siemens
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Technulogy Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Ifm electronic
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Technulogy Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Balluff
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Technulogy Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Rockwell Automation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Technulogy Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. SICK
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Technulogy Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Omron
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Technulogy Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Festo
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Technulogy Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Hans Turck
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Technulogy Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Banner Engineering
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Technulogy Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Datalogic
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Technulogy Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development

Methodology


Frequently Asked Questions

The massive focus on optimizing resources, raising proficiency, and reducing manufacturing costs will prompt the expansion of IO-Link industry over the forecast period. In addition to this, large-scale use of digital industrial systems and favorable government schemes for accepting industrial automation will propel the surge in industry in the years to come. Nonetheless, low level of standardization can put brakes on the market expansion in the years ahead.  Furthermore, growing need for enhancing power efficacy along with onset of industrial 4.0 revolution will bring a paradigm shift in the digital world, thereby influencing the expansion of IO-Link industry over the next couple of years. With acceptance of ethernet communication as standard protocol in automotive, semiconductor & electronics, and medical equipment sectors, the IO-Link industry is anticipated to gain traction over the years to come.

According to Zion Market Research report, the global IO-Link market, which was estimated at about 3 (USD Billion) in 2019 and is predicted to accrue earnings worth 14 (USD Billion) by 2025, is set to record a CAGR of nearly over 35% during 2019-2025.

Asia Pacific is likely to make noteworthy contributions towards overall IO-Link Market revenue over 2019-2025. The growth of the market in the region over estimated timespan can be ascribed to to flourishing production industry in the countries such as India and China in the Asia Pacific zone. Apart from this, China is the manufacturing destination for various automotive firms and semi-conductor materials across the globe and this factor is likely to play a major role in leveraging the growth of IO-Link Market in the sub-continent as it will attract the industry players to set up their manufacturing units in the country.

  

The key players profiled in the report include Festo, Hans Turck, Rockwell Automation, Pepperl & Fuchs, Banner Engineering, Siemens, Ifm electronic, Balluff, SICK, Omron, and Datalogic.
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