Global I/O Modules Market in Discrete Industries 2016-2020
About I/O modules
An I/O module acts as a mediator between the controller (PLC, DCS, and industrial PC) and an I/O device. It controls the information exchange between the peripheral devices. The physical media by which an I/O module is connected varies by application and bus/network.
Technavio’s analysts forecast the global I/O modules market for discrete industries to grow at a CAGR of 4.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global I/O modules market for discrete industries. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of I/O modules in automotive, electronics and semiconductor manufacturing, industrial machinery manufacturing, and aerospace and defense industries.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global I/O Modules Market in Discrete Industries 2016-2020
Technavio recognizes the following companies as the key players in the global I/O modules market in discrete industries: ABB, Rockwell Automation, Siemens, and Emerson Electric.
Other Prominent Vendors in the market are: Acromag, AdvanTech, B&R, Beckhoff Automation, Festo, GE, Hitachi, IDEC, Mitsubishi Electric, Moeller, National Instruments, Omron, Parsec Automation, Pepperl + Fuchs, RS Component, Turck Automation, Wago, Yamatake Control Products, and Yokogawa.
Commenting on the report, an analyst from Technavio’s team said: “that increased adoption of Ethernet-based I/O control network interface is one of the trends spurring growth for the market. Ethernet has become a major network protocol for data transfer in industries due to its low cost and ease of integration. Ethernet is increasingly used as the physical layer in the fieldbus I/O. This is due to the ability of the automation industry to industrialize consumer-driven commodity products for fieldbus implementation, thereby driving down development costs. Ethernet’s physical wiring equipped with open protocols such as PROFINET, EtherCAT, Ethernet/IP, and POWERLINK were invented individually by industrial automation control manufacturers. However, these manufacturers had based their inventions on open standards and these are now managed by international standards organizations. These open standards can easily interface with other companies’ devices such as drives and encoders and various kinds of industrial controls on I/O networks. The reduction of wiring required for industrial devices is another great advantage conferred by adopting Ethernet. Connecting the industrial devices to the controller requires only the I/O network connection, control power, and in the case of high-energy devices and three-phase power, which will contribute to this market’s growth.”
According to the report, reduction in prices of raw materials is a key driver aiding to the growth of this market. The global ceramics industry is expected to grow at a rapid rate during the forecast period. This industry is primarily driven by the construction industry. The residential segment of the construction industry uses ceramics in sanitary ware, ceramic tiles, table and ornamental ware, bricks, and pipes. Moreover, the growth in housing prices over the last few years indicates the growing investment in the housing market by consumers. This implies that there is ample opportunity for the growth of the ceramics industry, which is a key end-user segment of the zirconium market.
Further, the report states that lack of product differentiation is a major challenge the market is facing. The I/O modules market is marked by multiple local, regional, and international vendors offering similar products at competitive prices. This has created intense competition among vendors, wherein they are compelled to differentiate their products by providing additional support and services to end-users. Low-cost I/O modules are offered by manufacturers in developing countries such as India and China to gain larger market shares. Thus, the European and the US manufacturers dominating the market are feeling the heat and have been forced to adopt vertical integration. The market in the advanced economies of Europe and the US is still dominated by large conglomerates that are able to invest heavily in R&D and provide I/O modules equipped with the latest technologies. On the other hand, local and regional I/O vendors lack the capital to invest in R&D and cannot match the standards set by large international vendors. This results in the inflow of poor-quality I/O modules in the market. Several SMEs present in developing countries, which are part of the unorganized industry, are unable to afford such I/O modules, leading to increased adoption of low-quality I/O modules. This has a negative influence on the growth of the global I/O modules market in discrete industries.
ABB, Rockwell Automation, Siemens, Emerson Electric, Acromag, AdvanTech, B&R, Beckhoff Automation, Festo, GE, Hitachi, IDEC, Mitsubishi Electric, Moeller, National Instruments, Omron, Parsec Automation, Pepperl + Fuchs, RS Component, Turck Automation, Wago, Yamatake Control Products, Yokogawa.
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