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Global Intelligent Modules Market 2017-2021

Global Intelligent Modules Market 2017-2021

About Intelligent I/O Modules

I/O modules are devices that connect field devices, such as drives, actuators, and sensors with controllers, such as PLC, DCS, and industrial PCs. Intelligent I/O modules are also called specialty I/O modules or functional I/O modules. These are defined as devices which have their own processors independent of the controller's processor and act as a connection between the peripherals and the controllers. These I/O modules are basically used in function-specific applications like speed control, humidity control, temperature control, and others. Process industries are expected to contribute more to the global I/O modules market with a share of nearly 80% by revenue. The major industries contributing to the global I/O modules market are power, water and wastewater, oil and gas, food and beverages, automotive, and pharmaceutical.

Technavio’s analysts forecast the global intelligent I/O modules market to grow at a CAGR of 6.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global intelligent I/O modules market for 2017-2021. To calculate the market size, the report considers the sales.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Intelligent I/O Modules Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Advantech Corporation
  • Bihl+Wiedemann
  • Rockwell Automation
  • Siemens
Other prominent vendors
  • Acromag
  • Beckhoff Automation
  • Eaton
  • Festo
  • GE
  • Mitsubishi Electric
  • OMRON
  • Turck Automation
  • WAGO
  • Yokogawa
Market driver
  • Reduction in prices of raw materials
  • For a full, detailed list, view our report
Market challenge
  • Security concerns due to vulnerable I/O connections
  • For a full, detailed list, view our report
Market trend
  • Wireless intelligent I/O modules with cloud connectivity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Intelligent I/O Modules Market 2017-2021

Technavio recognizes the following companies as the key players in the global intelligent I/O modules market: ABB, Advantech Corporation, Bihl+Wiedemann, Rockwell Automation, and Siemens.

Other Prominent Vendors in the market are: Acromag, Beckhoff Automation, Eaton, Festo, GE, Mitsubishi Electric, OMRON, Turck Automation, WAGO, and Yokogawa.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Wireless intelligent I/O modules with cloud connectivity. Wireless intelligent I/O modules are basically used for operation and control of field instruments. To ensure the ease of interoperability between field devices, the wireless intelligent I/O modules are equipped with high-speed data transfer standards of the Institute of Electrical and Electronics Engineers (IEEE) 802.11. A broad range of wireless intelligent I/O modules are used in discrete industries that follow developments of Industry 4.0. The specialty of wireless intelligent I/O modules is that these modules can be used without the need for the gateway and have their own microprocessors independent of the PLC's microprocessor.”

According to the report, one of the major drivers for this market is Reduction in prices of raw materials. The major raw materials used in the manufacturing of intelligent I/O modules are copper windings, electrical steel, and insulation materials. All these materials constitute nearly 50% of the total manufacturing cost. Out of these, copper windings and electrical steel constitute 40% of the total intelligent I/O module cost. The decline in raw material costs results in lowering the manufacturing cost, thereby increasing the adoption of intelligent I/O modules in the end-user industries. The graph below shows the declining trend of raw material costs.

Further, the report states that one of the major factors hindering the growth of this market is Security concerns due to vulnerable I/O connections. The integration of industrial control systems, such as programmable logic controller (PLC), distributed control system (DCS), and supervisory control and data acquisition (SCADA), with business systems, such as enterprise resource planning (ERP) and customer relationship management (CRM), makes the system sensitive to cyber-attacks. Transmission control protocol/Internet protocol (TCP/IP) networking is the common protocol used to connect control systems and business systems. These systems are vulnerable to cyber-attacks due to vulnerable remote I/O connections, standardization of technologies, and easy availability of technical information over the Internet.

Companies Mentioned

ABB, Advantech Corporation, Bihl+Wiedemann, Rockwell Automation, and Siemens. Acromag, Beckhoff Automation, Eaton, Festo, GE, Mitsubishi Electric, OMRON, Turck Automation, WAGO, and Yokogawa.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global I/O modules market segmentation by type
      • Table Global intelligent I/O modules market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by controller type
    • Global intelligent I/O modules by controller type
      • Table Global intelligent I/O modules market share by controller type 2016-2021 (% revenue)
    • Global intelligent I/O modules market by PLC
      • Table Global intelligent I/O modules market by PLC 2016-2021 ($ billions)
    • Global intelligent I/O modules market by DCS
      • Table Global intelligent I/O modules by DCS 2016-2021 ($ billions)
    • Global intelligent I/O modules market by IPC
      • Table Global intelligent I/O modules by IPC 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global intelligent I/O modules market share by end-user industries 2016-2021 (% revenue)
    • Global intelligent I/O modules market by power industry
      • Table Global intelligent I/O modules market by power industry 2016-2021 ($ billions)
    • Global intelligent I/O modules market by water and wastewater industry
      • Table Global intelligent I/O modules market by water and wastewater industry 2016-2021 ($ billions)
    • Global intelligent I/O modules market by automotive industry
      • Table Global intelligent I/O modules market by automotive industry 2016-2021 ($ billions)
    • Global intelligent I/O modules market by food and beverages industry
      • Table Global intelligent I/O modules market by food and beverages industry 2016-2021 ($ billions)
    • Global intelligent I/O modules market by others
      • Table Global intelligent I/O modules market by others 2016-2021 ($ billions)
  • Geographical segmentation
    • Global intelligent I/O modules market by geography
      • Table Global intelligent I/O modules market by geography 2016 and 2021 (% revenue)
    • Intelligent I/O modules market in EMEA
      • Table Intelligent I/O modules market in EMEA 2016-2021 ($ billions)
    • Intelligent I/O modules in Americas
      • Table Intelligent I/O modules market in Americas 2016-2021 ($ billions)
    • Intelligent I/O modules in APAC
      • Table Intelligent I/O modules in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global copper prices 2011-2016 (USD/lb)
    • Market challenges
  • Market trends
    • Wireless intelligent I/O modules with cloud connectivity
    • Fuzzy Logic modules in programmable controllers
    • Greater proliferation in Ethernet-based intelligent I/O module network
      • Table Ranking of communication network connectivity for intelligent I/O modules 2016 and 2021
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Product portfolio
      • Table ABB: Key developments
    • Advantech Corporation
      • Table Advantech Corporation: Product portfolio
      • Table Advantech Corporation: Key developments
    • Bihl+Wiedemann
      • Table Bihl+Wiedemann: Product portfolio
      • Table Bihl+Widedmann: Key developments
    • Rockwell Automation
      • Table Rockwell Automation: Product portfolio
      • Table Rockwell Automation: Key developments
    • Siemens
      • Table Siemens: Product portfolio
      • Table Siemens: Key developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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