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IO Link System: Global Markets

December 2020 | 88 pages | ID: I77CD4C78F5FEN
BCC Research

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Summary:

The IO-Link protocol has the capability to convert an IO-Link-enabled sensor or actuator into a smart device by simply connecting it to an IO-Link master for communication and data sharing. It serves as the backbone of Industry 4.0 and the smart factory. The aim of Industry 4.0 is to completely integrate the communication process used in manufacturing to improve the efficiency of factories through the Industrial Internet of Things (IIoT), industrial automation, data exchange and manufacturing technologies. It allows for the bidirectional exchange of data from sensors, actuators and other devices that support IO-Link and are connected to a master. IO-Link allows point-to-point communication and is based on commonly used three-wire cable connections.

IO-Link enables continuous and intelligent communications at the sensor level, opening new opportunities in automation and helping to solve current problems faced by manufacturers. IO-Link offers various opportunities in industrial applications. It helps to boost performance, enhance maintenance, reduce downtime, improve quality management and streamline operations in industrial plants. Online parameterization, remote diagnosis, easy installation and standardized wiring functions make IO-Link particularly suited for food and beverage, chemical, packaging, automotive and other applications.

The global market for IO-Link systems was valued at $REDACTED billion in 2019 and is forecast to reach $REDACTED billion by 2025, growing at a CAGR of REDACTED% during the forecast period. Some of the major drivers for the growth of the IO-Link system market include the rise of digital industrial technology (known as Industry 4.0), increasing demand for industrial automation, and government initiatives to support the global manufacturing industry. The rising demand for the IO-Link wireless protocol and increasing adoption of smart manufacturing across industries provide major growth opportunities in the market. However, the inefficiency of IO-Link in high speed or motion control applications acts as a restraint for the growth of the market.

In this report, the global IO-Link system market is segmented by component, application, industry and geography.

The IO-Link system market by component is categorized into IO-Link devices and IO-Link masters. The IO-Link devices are expected to have the larger market share during the forecast period. The growing popularity of sensors, modules and actuators in industrial applications is expected to create potential growth opportunities for the IO-Link devices. With IoT becoming a fundamental part of the automation and motion control industry, the demand for smart sensors is rising and driving the growth of IO-Link devices. Predictive maintenance, condition monitoring and traceability are three of the factors driving IO-Link device adoption.

The global IO-Link system market by application is categorized into machine tools, handling and assembly automation, intralogistics and packaging. Packaging applications are expected to exhibit the highest growth in the IO-Link market due to the flexibility that IO-Link provides to fulfil the requirements for optimizing the packaging process.

Report Scope:

In this report, the market is segmented by component, data type, application, industry and geography. The report provides an overview of the global IO-Link system market and analyzes market trends and challenges that affect the vendor landscape. Using 2019 as the base year, the report provides market projections for the forecast period 2020 through 2025. This report also takes into consideration the economic slowdown caused by lockdowns across the world due to the COVID-19 pandemic.

Report Includes:
  • 70 tables
  • An overview of global market for IO-Link systems
  • Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
  • Market share analysis of the IO-Link systems based on components, data type, application, and region
  • Description of IO-Link devices and IO-Link masters and evaluation of current market trends, market size, and market forecast
  • Details about use cases and solutions of IO-Links and discussion on advantages of IO-Link systems
  • Explanation of the major drivers restrains and opportunities and regional dynamics of the market and assessment of latest trends in the IO-Link system market including wired and wireless IO-Link system
  • Impact analysis of coronavirus on the global economy; and discussion on impact of COVID-19 on IO-Link systems industry
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Comprehensive company profiles of the leading players including Balluff, Datalogic, Festo Group, ifm electronics, Omron Corp., Siemens and SICK AG
CHAPTER 1 INTRODUCTION

Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports

CHAPTER 2 SUMMARY AND HIGHLIGHTS

CHAPTER 3 IO-LINK SYSTEM: MARKET OVERVIEW

Introduction
IO-Link Market Trends
Wireless IO-Link Market
IO-Link Safety System/Safety over IO-Link
IO-Link Data Types
Overview
Process Data
Value Status
Device Data
Event Data
Benefits and Use Cases of IO-Link System
Standardized and Reduced Wiring
Increased Data Availability
Remote Configuration and Monitoring
Simple Device Replacement
Extended Diagnostics
Condition Monitoring and Condition-Based Maintenance
Develop Flexible High-Density I/O Architectures
Simplify Industrial Vision Applications
Simplify Sensor Integration
Simplifying Network Topology
Non-Contact Connection of Power and Data Exchange
Impact of COVID-19 on the IO-Link System Market
Market Dynamics Drivers
Increasing Demand for Industrial Automation Fostering IO-Link Adoption
Government Initiatives for Supporting the Global Manufacturing Industry
Industry 4.0
Compatibility of IO-Link Interface with Higher-Level Fieldbus and Ethernet Communication Protocols
Market Opportunity
Rising Demand for IO-Link Wireless Protocol
Increasing Adoption of Smart Manufacturing across Industries
Market Restraints
Inefficiency of IO-Link in High-Speed or Motion-Control Applications

CHAPTER 4 MARKET BREAKDOWN BY COMPONENT

Overview
IO-Link Master
IO-Link Devices
Sensors and Actuators
IO-Link Module (Sensor/Actuator Hub)
RFID Readers

CHAPTER 5 MARKET BREAKDOWN BY APPLICATION

Introduction
Machine Tools
Handling and Assembly Automation
Intralogistics
Packaging

CHAPTER 6 MARKET BREAKDOWN BY INDUSTRY

Introduction
Discrete Manufacturing
Automotive
Electronics
Aerospace
Process Manufacturing
Chemicals
Food Processing
Packaging

CHAPTER 7 MARKET BREAKDOWN BY REGION

Introduction
Overview
North America
Europe
Asia-Pacific
Rest of the World

CHAPTER 8 COMPETITIVE LANDSCAPE

Ifm Electronic
Balluff
Siemens AG
Product Development and Launches
Acquisitions and Agreements

CHAPTER 9 COMPANY PROFILES

BALLUFF GMBH
BANNER ENGINEERING CORP.
BAUMER HOLDING AG
BELDEN
BIHL+WIEDEMANN
DATALOGIC S.P.A.
FESTO GROUP
HANS TURCK GMBH & CO. KG
IFM ELECTRONICS GMBH
OMRON CORP.
PEPPERL+FUCHS COMTROL INC.
ROCKWELL AUTOMATION INC.
SICK AG
SIEMENS AG

LIST OF TABLES

Summary Table: Global IO-Link System Market, by Component, Through 2025
Table 1: Global Market for IO-Link Systems, by Component, Through 2025
Table 2: Global Market for IO-Link Masters, by Application, Through 2025
Table 3: Global Market for IO-Link Masters, by Industry, Through 2025
Table 4: Global Market for IO-Link Masters, by Region, Through 2025
Table 5: Global Market for IO-Link Devices, by Application, Through 2025
Table 6: Global Market for IO-Link Devices, by Industry, Through 2025
Table 7: Global Market for IO-Link Devices, by Region, Through 2025
Table 8: Global Market for IO-Link Systems, by Application, Through 2025
Table 9: Global Market for IO-Link Systems for Machine Tools, by Component, Through 2025
Table 10: Global Market for IO-Link Systems for Handling and Assembly Automation, by Component, Through 2025
Table 11: Global Market for IO-Link Systems for Intralogistics, by Component, Through 2025
Table 12: Global Market for IO-Link Systems for Packaging, by Component, Through 2025
Table 13: Global Market for IO-Link Systems, by Industry, Through 2025
Table 14: Global Market for IO-Link Systems for Discrete Manufacturing Industry, by Component, Through 2025
Table 15: Global Market for IO-Link Systems for Discrete Manufacturing Industry, by Region, Through 2025
Table 16: Global Market for IO-Link Systems for Process Manufacturing Industry, by Component, Through 2025
Table 17: Global Market for IO-Link Systems for Process Manufacturing Industry, by Region, Through 2025
Table 18: Global Market for IO-Link Systems, by Region, Through 2025
Table 19: North American Market for IO-Link Systems, by Country, Through 2025
Table 20: North American Market for IO-Link Systems, by Component, Through 2025
Table 21: North American Market for IO-Link Systems, by Industry, Through 2025
Table 22: European Market for IO-Link Systems, by Country, Through 2025
Table 23: European Market for IO-Link Systems, by Component, Through 2025
Table 24: European Market for IO-Link Systems, by Industry, Through 2025
Table 25: Asia-Pacific Market for IO-Link Systems, by Country, Through 2025
Table 26: Asia-Pacific Market for IO-Link Systems, by Component, Through 2025
Table 27: Asia-Pacific Market for IO-Link Systems, by Industry, Through 2025
Table 28: RoW Market for IO-Link Systems, by Region, Through 2025
Table 29: RoW Market for IO-Link Systems, by Component, Through 2025
Table 30: RoW Market for IO-Link Systems, by Industry, Through 2025
Table 31: Product Launches and Developments: IO-Link System Market Companies, 2018-Sep. 2020
Table 32: Acquisitions in the IO-Link System Market, Feb. 2019
Table 33: Balluff Group: Net Revenue, 2019
Table 34: Balluff: Products
Table 35: Balluff: Recent Developments, 2020
Table 36: Banner Engineering: Products and Services
Table 37: Banner Engineering: Recent Developments, 2020
Table 38: Baumer: Products and Services
Table 39: Baumer: Recent Developments, 2020
Table 40: Belden: Products and Services
Table 41: Belden: Recent Developments, 2020
Table 42: Bihl+Wiedemann: Products and Services
Table 43: Bihl+Wiedemann: Recent Developments, 2020
Table 44: Datalogic S.p.A.: Net Revenue, 2017-2019
Table 45: Datalogic S.p.A.: Products and Services
Table 46: Datalogic S.p.A.: Recent Developments 2019
Table 47: Festo Group: Net Revenue, 2019
Table 48: Festo: Products and Services
Table 49: Festo: Recent Developments, 2020
Table 50: Turck: Net Revenue, 2017-2019
Table 51: Turck: Products and Services
Table 52: Turck: Recent Developments, 2018-2019
Table 53: ifm electronics: Net Revenue, 2017-2019
Table 54: ifm electronics: Product Portfolio
Table 55: ifm electronics: Recent Developments, 2020
Table 56: Omron Corp.: Net Revenue, 2017-2019
Table 57: Omron Corp.: Products and Services
Table 58: Omron Corp.: Recent Developments, 2019
Table 59: Pepperl+Fuchs: Net Revenue, 2019
Table 60: Pepperl+Fuchs: Product Offerings
Table 61: Pepperl+Fuchs: Recent Developments, 2019-2020
Table 62: Rockwell Automation: Net Revenue, 2017-2019
Table 63: Rockwell Automation: Products and Services
Table 64: Rockwell Automation: Recent Developments, 2019
Table 65: SICK AG: Net Revenue, 2017-2019
Table 66: SICK AG: Products and Services
Table 67: SICK AG: Recent Developments, 2018 and 2019
Table 68: Siemens AG: Net Revenue, 2017-2019
Table 69: Siemens AG: Product Offerings
Table 70: Siemens AG: Recent Developments, 2019

LIST OF FIGURES

Summary Figure: Global IO-Link System Market, by Component, 2019-2025
Figure 1: IO-Link System Architecture
Figure 2: Wireless IO-Link System Architecture
Figure 3: Global Market for IO-Link Systems, by Component, 2019-2025
Figure 4: Global Market for IO-Link Systems, by Application, 2019-2025
Figure 5: Global Market for IO-Link Masters, by Industry, 2019-2025
Figure 6: Global Market for IO-Link Masters, by Region, 2019-2025
Figure 7: Global Market for IO-Link Devices, by Application, 2019-2025
Figure 8: Global Market for IO-Link Devices, by Industry, 2019-2025
Figure 9: Global Market for IO-Link Devices, by Region, 2019-2025
Figure 10: Global Market for IO-Link Systems, by Application, 2019-2025
Figure 11: Global Market for IO-Link Systems for Machine Tools, by Component, 2019-2025
Figure 12: Global Market for IO-Link Systems for Handling and Assembly Automation, by Component, 2019-2025
Figure 13: Global Market for IO-Link Systems for Intralogistics, by Component, 2019-2025
Figure 14: Global Market for IO-Link Systems for Packaging, by Component, 2019-2025
Figure 15: Global Market for IO-Link Systems, by Industry, 2019-2025
Figure 16: Global Market for IO-Link Systems for Discrete Manufacturing Industry, by Component, 2019-2025
Figure 17: Global Market for IO-Link Systems for Discrete Manufacturing Industry, by Region, 2019-2025
Figure 18: Global Market for IO-Link Systems for Process Manufacturing Industry, by Component, 2019-2025
Figure 19: Global Market for IO-Link Systems for Process Manufacturing Industry, by Region, 2019-2025
Figure 20: Global Market for IO-Link Systems, by Region
Figure 21: Global Market for IO-Link Systems, by Region, 2019
Figure 22: North American Market for IO-Link Systems, by Country, 2019-2025
Figure 23: North American Market for IO-Link Systems, by Component, 2019-2025
Figure 24: North American Market for IO-Link Systems, by Industry, 2019-2025
Figure 25: European Market for IO-Link Systems, by Country, 2019-2025
Figure 26: European Market for IO-Link Systems, by Component, 2019-2025
Figure 27: European Market for IO-Link Systems, by Industry, 2019-2025
Figure 28: Asia-Pacific Market for IO-Link Systems, by Country, 2019-2025
Figure 29: Asia-Pacific Market for IO-Link Systems, by Component, 2019-2025
Figure 30: Asia-Pacific Market for IO-Link Systems, by Industry, 2019-2025
Figure 31: RoW Market for IO-Link Systems, by Region, 2019-2025
Figure 32: RoW Market for IO-Link Systems, by Component, 2019-2025
Figure 33: RoW Market fort IO-Link Systems, by Industry, 2019-2025
Figure 34: Datalogic S.p.A.: Sales Share, by End Market, 2019
Figure 35: Datalogic S.p.A.: Sales Share, by Region, 2019
Figure 36: Omron Corp.: Sales Share, by Business Segment, 2019
Figure 37: Omron Corp.: Sales Share, by Region, 2019
Figure 38: Rockwell Automation: Sales Share, by Business Segment, 2019
Figure 39: Rockwell Automation: Sales Share, by Region, 2019
Figure 40: SICK AG: Sales Share, by End Market, 2019
Figure 41: SICK AG: Sales Share, by Region, 2019
Figure 42: Siemens AG: Sales Share, by Industrial Business Segment, 2019
Figure 43: Siemens AG: Sales Share, by Region, 2019

COMPANIES MENTIONED

BALLUFF GMBH
BANNER ENGINEERING CORP.
BAUMER HOLDING AG
BELDEN
DATALOGIC S.P.A.
FESTO GROUP
HANS TURCK GMBH & CO. KG
IFM ELECTRONICS GMBH
OMRON CORP.
ROCKWELL AUTOMATION INC.
SICK AG
SIEMENS AG


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