IO-Link - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global IO-Link Market is accounted for $6.92 billion in 2020 and is expected to reach $36.73 billion by 2028 growing at a CAGR of 23.2% during the forecast period. Ability to support all field-bus protocols and rising demand for industry 4.0 are the major factors propelling the market growth. However, cyber risks associated with automation systems and use of compact machines hampering the market growth.
IO-Link is a short distance, point-to-point, wired (or wireless), bi-directional, digital, industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial field-bus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations.
Based on type, the IO-link wired segment is going to have a lucrative growth during the forecast period owing to the growing demand for cost-saving installation of two-way communication between field devices such as sensors, actuators, controllers, and other automation systems on a factory floor. IO-Link wired simplifies wiring, which makes its installation cost lower than a conventional solution. This is due to the use of field modules and connections with cables that do not require shielding. IO-Link wired platform is used by industry players to install serial communication protocol with sensors and actuators. It enables bidirectional exchange of data from field devices and makes data accessible for analysis to programmable logic controllers (PLCs) and human–machine interfaces (HMI). This helps improve work efficiency and working conditions in manufacturing companies.
By geography, Europe is going to have a lucrative growth during the forecast period due to the presence of aerospace & defense, automotive, and industrial manufacturing verticals in the region. Europe comprises major growing economies, such as the Germany, UK, and France, which offer significant growth opportunities for the market. Also, the rising demand for IoT-connected devices and industrial automation in manufacturing industries is driving the growth of the European IO-Link market. Additionally, the European government is taking initiatives to establish smart factories and digitize European industries, thus driving the demand for IO-Link solutions.
Some of the key players profiled in the IO-Link Market include ABB, Aventics, Balluff GmbH, Baumer, Beckhoff Automation, Belden Inc, Bosch Rexroth AG, Datalogic, Festo SE & Co. KG, Hans Turck GmbH & Co. KG, ifm electronic GmbH, Omron Corporation, Pepperl+Fuchs, Rockwell Automation, Inc, SICK AG, Siemens, SMC Corporation, Turck, Weidmuller, and Wenglor
Types Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
IO-Link is a short distance, point-to-point, wired (or wireless), bi-directional, digital, industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial field-bus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations.
Based on type, the IO-link wired segment is going to have a lucrative growth during the forecast period owing to the growing demand for cost-saving installation of two-way communication between field devices such as sensors, actuators, controllers, and other automation systems on a factory floor. IO-Link wired simplifies wiring, which makes its installation cost lower than a conventional solution. This is due to the use of field modules and connections with cables that do not require shielding. IO-Link wired platform is used by industry players to install serial communication protocol with sensors and actuators. It enables bidirectional exchange of data from field devices and makes data accessible for analysis to programmable logic controllers (PLCs) and human–machine interfaces (HMI). This helps improve work efficiency and working conditions in manufacturing companies.
By geography, Europe is going to have a lucrative growth during the forecast period due to the presence of aerospace & defense, automotive, and industrial manufacturing verticals in the region. Europe comprises major growing economies, such as the Germany, UK, and France, which offer significant growth opportunities for the market. Also, the rising demand for IoT-connected devices and industrial automation in manufacturing industries is driving the growth of the European IO-Link market. Additionally, the European government is taking initiatives to establish smart factories and digitize European industries, thus driving the demand for IO-Link solutions.
Some of the key players profiled in the IO-Link Market include ABB, Aventics, Balluff GmbH, Baumer, Beckhoff Automation, Belden Inc, Bosch Rexroth AG, Datalogic, Festo SE & Co. KG, Hans Turck GmbH & Co. KG, ifm electronic GmbH, Omron Corporation, Pepperl+Fuchs, Rockwell Automation, Inc, SICK AG, Siemens, SMC Corporation, Turck, Weidmuller, and Wenglor
Types Covered:
- IO-Link Wired
- IO-Link Wireless
- Actuators
- IO-Link Master
- IO-Link Devices
- Modules
- Radio-frequency Identification (RFID) Read Heads
- Automation
- Control Cabinets
- Handling and Assembly Automation
- Intralogistics
- Machine Tool
- Packaging
- Process Industries
- Discrete Industries
- Hybrid Industries
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL IO-LINK MARKET, BY TYPE
5.1 Introduction
5.2 IO-Link Wired
5.3 IO-Link Wireless
6 GLOBAL IO-LINK MARKET, BY COMPONENT
6.1 Introduction
6.2 Actuators
6.3 IO-Link Master
6.3.1 Process Field Net (PROFINET)
6.3.2 EtherNet/ Internet Protocol (IP)
6.3.3 Modbus - Transmission Control Protocol (TCP)
6.3.4 Ethernet for Control Automation Technology (EtherCAT)
6.3.5 Multiprotocol
6.4 IO-Link Devices
6.4.1 Sensor Nodes
6.4.1.1 Position Sensor
6.4.1.2 Temperature Sensor
6.4.1.3 Pressure Sensor
6.4.1.4 Vibration Sensor
6.5 Modules
6.6 Radio-frequency Identification (RFID) Read Heads
7 GLOBAL IO-LINK MARKET, BY APPLICATION
7.1 Introduction
7.2 Automation
7.3 Control Cabinets
7.4 Handling and Assembly Automation
7.5 Intralogistics
7.6 Machine Tool
7.7 Packaging
8 GLOBAL IO-LINK MARKET, BY END USER
8.1 Introduction
8.2 Process Industries
8.2.1 Oil and Gas
8.2.2 Chemicals
8.2.3 Energy and Power
8.3 Discrete Industries
8.3.1 Automotive
8.3.2 Aerospace and Defense
8.3.3 Semiconductors and Electronics
8.3.4 Machine Manufacturing
8.3.5 Packaging
8.4 Hybrid Industries
8.4.1 Pharmaceuticals
8.4.2 Metals and Mining
8.4.3 Food and Beverages
8.4.4 Cement and Glass
9 GLOBAL IO-LINK MARKET, BY GEOGRAPHY
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 KEY DEVELOPMENTS
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 COMPANY PROFILING
11.1 ABB
11.2 Aventics
11.3 Balluff GmbH
11.4 Baumer
11.5 Beckhoff Automation
11.6 Belden Inc
11.7 Bosch Rexroth AG
11.8 Datalogic
11.9 Festo SE & Co. KG
11.10 Hans Turck GmbH & Co. KG
11.11 ifm electronic GmbH
11.12 Omron Corporation
11.13 Pepperl+Fuchs
11.14 Rockwell Automation, Inc
11.15 SICK AG
11.16 Siemens
11.17 SMC Corporation
11.18 Turck
11.19 Weidmuller
11.20 Wenglor
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL IO-LINK MARKET, BY TYPE
5.1 Introduction
5.2 IO-Link Wired
5.3 IO-Link Wireless
6 GLOBAL IO-LINK MARKET, BY COMPONENT
6.1 Introduction
6.2 Actuators
6.3 IO-Link Master
6.3.1 Process Field Net (PROFINET)
6.3.2 EtherNet/ Internet Protocol (IP)
6.3.3 Modbus - Transmission Control Protocol (TCP)
6.3.4 Ethernet for Control Automation Technology (EtherCAT)
6.3.5 Multiprotocol
6.4 IO-Link Devices
6.4.1 Sensor Nodes
6.4.1.1 Position Sensor
6.4.1.2 Temperature Sensor
6.4.1.3 Pressure Sensor
6.4.1.4 Vibration Sensor
6.5 Modules
6.6 Radio-frequency Identification (RFID) Read Heads
7 GLOBAL IO-LINK MARKET, BY APPLICATION
7.1 Introduction
7.2 Automation
7.3 Control Cabinets
7.4 Handling and Assembly Automation
7.5 Intralogistics
7.6 Machine Tool
7.7 Packaging
8 GLOBAL IO-LINK MARKET, BY END USER
8.1 Introduction
8.2 Process Industries
8.2.1 Oil and Gas
8.2.2 Chemicals
8.2.3 Energy and Power
8.3 Discrete Industries
8.3.1 Automotive
8.3.2 Aerospace and Defense
8.3.3 Semiconductors and Electronics
8.3.4 Machine Manufacturing
8.3.5 Packaging
8.4 Hybrid Industries
8.4.1 Pharmaceuticals
8.4.2 Metals and Mining
8.4.3 Food and Beverages
8.4.4 Cement and Glass
9 GLOBAL IO-LINK MARKET, BY GEOGRAPHY
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 KEY DEVELOPMENTS
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 COMPANY PROFILING
11.1 ABB
11.2 Aventics
11.3 Balluff GmbH
11.4 Baumer
11.5 Beckhoff Automation
11.6 Belden Inc
11.7 Bosch Rexroth AG
11.8 Datalogic
11.9 Festo SE & Co. KG
11.10 Hans Turck GmbH & Co. KG
11.11 ifm electronic GmbH
11.12 Omron Corporation
11.13 Pepperl+Fuchs
11.14 Rockwell Automation, Inc
11.15 SICK AG
11.16 Siemens
11.17 SMC Corporation
11.18 Turck
11.19 Weidmuller
11.20 Wenglor
LIST OF TABLES
Table 1 Global IO-Link Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global IO-Link Market Outlook, By Region Type (2019-2028) ($MN)
Table 3 Global IO-Link Market Outlook, By Region IO-Link Wired (2019-2028) ($MN)
Table 4 Global IO-Link Market Outlook, By Region IO-Link Wireless (2019-2028) ($MN)
Table 5 Global IO-Link Market Outlook, By Region Component (2019-2028) ($MN)
Table 6 Global IO-Link Market Outlook, By Region Actuators (2019-2028) ($MN)
Table 7 Global IO-Link Market Outlook, By Region IO-Link Master (2019-2028) ($MN)
Table 8 Global IO-Link Market Outlook, By Region Process Field Net (PROFINET) (2019-2028) ($MN)
Table 9 Global IO-Link Market Outlook, By Region EtherNet/ Internet Protocol (IP) (2019-2028) ($MN)
Table 10 Global IO-Link Market Outlook, By Region Modbus - Transmission Control Protocol (TCP) (2019-2028) ($MN)
Table 11 Global IO-Link Market Outlook, By Region Ethernet for Control Automation Technology (EtherCAT) (2019-2028) ($MN)
Table 12 Global IO-Link Market Outlook, By Region Multiprotocol (2019-2028) ($MN)
Table 13 Global IO-Link Market Outlook, By Region IO-Link Devices (2019-2028) ($MN)
Table 14 Global IO-Link Market Outlook, By Region Sensor Nodes (2019-2028) ($MN)
Table 15 Global IO-Link Market Outlook, By Region Modules (2019-2028) ($MN)
Table 16 Global IO-Link Market Outlook, By Region Radio-frequency Identification (RFID) Read Heads (2019-2028) ($MN)
Table 17 Global IO-Link Market Outlook, By Region Application (2019-2028) ($MN)
Table 18 Global IO-Link Market Outlook, By Region Automation (2019-2028) ($MN)
Table 19 Global IO-Link Market Outlook, By Region Control Cabinets (2019-2028) ($MN)
Table 20 Global IO-Link Market Outlook, By Region Handling and Assembly Automation (2019-2028) ($MN)
Table 21 Global IO-Link Market Outlook, By Region Intralogistics (2019-2028) ($MN)
Table 22 Global IO-Link Market Outlook, By Region Machine Tool (2019-2028) ($MN)
Table 23 Global IO-Link Market Outlook, By Region Packaging (2019-2028) ($MN)
Table 24 Global IO-Link Market Outlook, By Region End User (2019-2028) ($MN)
Table 25 Global IO-Link Market Outlook, By Region Process Industries (2019-2028) ($MN)
Table 26 Global IO-Link Market Outlook, By Region Oil and Gas (2019-2028) ($MN)
Table 27 Global IO-Link Market Outlook, By Region Chemicals (2019-2028) ($MN)
Table 28 Global IO-Link Market Outlook, By Region Energy and Power (2019-2028) ($MN)
Table 29 Global IO-Link Market Outlook, By Region Discrete Industries (2019-2028) ($MN)
Table 30 Global IO-Link Market Outlook, By Region Automotive (2019-2028) ($MN)
Table 31 Global IO-Link Market Outlook, By Region Aerospace and Defense (2019-2028) ($MN)
Table 32 Global IO-Link Market Outlook, By Region Semiconductors and Electronics (2019-2028) ($MN)
Table 33 Global IO-Link Market Outlook, By Region Machine Manufacturing (2019-2028) ($MN)
Table 34 Global IO-Link Market Outlook, By Region Packaging (2019-2028) ($MN)
Table 35 Global IO-Link Market Outlook, By Region Hybrid Industries (2019-2028) ($MN)
Table 36 Global IO-Link Market Outlook, By Region Pharmaceuticals (2019-2028) ($MN)
Table 37 Global IO-Link Market Outlook, By Region Metals and Mining (2019-2028) ($MN)
Table 38 Global IO-Link Market Outlook, By Region Food and Beverages (2019-2028) ($MN)
Table 39 Global IO-Link Market Outlook, By Region Cement and Glass (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Table 1 Global IO-Link Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global IO-Link Market Outlook, By Region Type (2019-2028) ($MN)
Table 3 Global IO-Link Market Outlook, By Region IO-Link Wired (2019-2028) ($MN)
Table 4 Global IO-Link Market Outlook, By Region IO-Link Wireless (2019-2028) ($MN)
Table 5 Global IO-Link Market Outlook, By Region Component (2019-2028) ($MN)
Table 6 Global IO-Link Market Outlook, By Region Actuators (2019-2028) ($MN)
Table 7 Global IO-Link Market Outlook, By Region IO-Link Master (2019-2028) ($MN)
Table 8 Global IO-Link Market Outlook, By Region Process Field Net (PROFINET) (2019-2028) ($MN)
Table 9 Global IO-Link Market Outlook, By Region EtherNet/ Internet Protocol (IP) (2019-2028) ($MN)
Table 10 Global IO-Link Market Outlook, By Region Modbus - Transmission Control Protocol (TCP) (2019-2028) ($MN)
Table 11 Global IO-Link Market Outlook, By Region Ethernet for Control Automation Technology (EtherCAT) (2019-2028) ($MN)
Table 12 Global IO-Link Market Outlook, By Region Multiprotocol (2019-2028) ($MN)
Table 13 Global IO-Link Market Outlook, By Region IO-Link Devices (2019-2028) ($MN)
Table 14 Global IO-Link Market Outlook, By Region Sensor Nodes (2019-2028) ($MN)
Table 15 Global IO-Link Market Outlook, By Region Modules (2019-2028) ($MN)
Table 16 Global IO-Link Market Outlook, By Region Radio-frequency Identification (RFID) Read Heads (2019-2028) ($MN)
Table 17 Global IO-Link Market Outlook, By Region Application (2019-2028) ($MN)
Table 18 Global IO-Link Market Outlook, By Region Automation (2019-2028) ($MN)
Table 19 Global IO-Link Market Outlook, By Region Control Cabinets (2019-2028) ($MN)
Table 20 Global IO-Link Market Outlook, By Region Handling and Assembly Automation (2019-2028) ($MN)
Table 21 Global IO-Link Market Outlook, By Region Intralogistics (2019-2028) ($MN)
Table 22 Global IO-Link Market Outlook, By Region Machine Tool (2019-2028) ($MN)
Table 23 Global IO-Link Market Outlook, By Region Packaging (2019-2028) ($MN)
Table 24 Global IO-Link Market Outlook, By Region End User (2019-2028) ($MN)
Table 25 Global IO-Link Market Outlook, By Region Process Industries (2019-2028) ($MN)
Table 26 Global IO-Link Market Outlook, By Region Oil and Gas (2019-2028) ($MN)
Table 27 Global IO-Link Market Outlook, By Region Chemicals (2019-2028) ($MN)
Table 28 Global IO-Link Market Outlook, By Region Energy and Power (2019-2028) ($MN)
Table 29 Global IO-Link Market Outlook, By Region Discrete Industries (2019-2028) ($MN)
Table 30 Global IO-Link Market Outlook, By Region Automotive (2019-2028) ($MN)
Table 31 Global IO-Link Market Outlook, By Region Aerospace and Defense (2019-2028) ($MN)
Table 32 Global IO-Link Market Outlook, By Region Semiconductors and Electronics (2019-2028) ($MN)
Table 33 Global IO-Link Market Outlook, By Region Machine Manufacturing (2019-2028) ($MN)
Table 34 Global IO-Link Market Outlook, By Region Packaging (2019-2028) ($MN)
Table 35 Global IO-Link Market Outlook, By Region Hybrid Industries (2019-2028) ($MN)
Table 36 Global IO-Link Market Outlook, By Region Pharmaceuticals (2019-2028) ($MN)
Table 37 Global IO-Link Market Outlook, By Region Metals and Mining (2019-2028) ($MN)
Table 38 Global IO-Link Market Outlook, By Region Food and Beverages (2019-2028) ($MN)
Table 39 Global IO-Link Market Outlook, By Region Cement and Glass (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
