The global demand for IO-Link Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Wired, point-to-point, bidirectional, digital, and short-distance industrial communication networking standard that is used for connecting digital sensors and actuators either to an industrial field bus or to a type of industrial Ethernet is known as IO-Link. It provides a technological platform that enables the development and use of sensors and actuators. IO-Link is used to deploy serial communication protocol by using sensors and actuators and helps in increasing work efficiency and improving the working environment. It also helps in economically optimizing the automated processes of industries.
Advantages of IO-Link such as the ability to support higher-level field bus, Ethernet protocols, energy efficiency, less production cost are the main market driver for the growth of the IO-Link market. Increased adoption of IO-Link as a field-level communication protocol is assumed to be the key market driver for the market growth of IO-Link. Furthermore, government initiatives, industrial automation, and energy efficiency are also some of the factors that will flourish the growth of the IO-Link market. Nevertheless, lack of standardization and high-speed motion control feature may restraint the market growth. But, the rising digital industry technology and growing manufacturing companies are expected to further aid the market growth of IO-Link.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of io-link. The growth and trends of io-link industry provide a holistic approach to this study.
This section of the io-link market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- IO-Link Wired
- IO-Link Wireless
- IO-Link Master
- IO-Link Devices
- RFID Read Heads
- Process Industries
- Discrete Industries
- Hybrid Industries
- Machine Tool
- Handling and Assembly Automation
This section covers the regional outlook, which accentuates current and future demand for the IO-Link market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global IO-Link Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the io-link market include Siemens, Balluff Automation India Pvt. Ltd., ifm electronic gmbh, SICK AG, Murrelektronik GmbH, Rockwell Automation Inc., wenglor sensoric GmbH, OMRON Corporation, Banner Engineering Corp., Emerson Electric Co. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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