IO-Link Market

IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus 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. An IO-Link system consists of an IO-Link master and one or more IO-Link devices, i.e. Sensors or Actuators. The IO-Link master provides the interface to the higher-level controller (PLC) and controls the communication with the connected IO-Link devices.
IO-Link Market contains market size and forecasts of IO-Link in Global, including the following market information:
Global IO-Link Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IO-Link market was valued at 2603.2 million in 2021 and is projected to reach US$ 5741.5 million by 2028, at a CAGR of 12.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
IO-Link Master Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IO-Link include SICK, Siemens, Murrelektronik, ifm Electronic, Rockwel Automation, Beckhoff, Baumer Group, Turck and WAGO, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the IO-Link companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IO-Link Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IO-Link Market Segment Percentages, by Type, 2021 (%)
IO-Link Master
IO-Link Sensor
Others
Global IO-Link Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IO-Link Market Segment Percentages, by Application, 2021 (%)
Machine Tool & Assembly Line
Intralogistics
Packaging
Others
Global IO-Link Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IO-Link Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IO-Link revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IO-Link revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SICK
Siemens
Murrelektronik
ifm Electronic
Rockwel Automation
Beckhoff
Baumer Group
Turck
WAGO
Belden
Bosch Rexforth
Pepperl+Fuchs
Balluff
Wenglor
Weidm?ller
Omron