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IO-Link Market by Component (IO-Link Masters and IO-Link Devices), Application (Machine Tool, Handling & Assembly Automation, Packaging, Intralogistics), Industry (Discrete, Hybrid, and Process), and Geography - Global Forecast to 2023

IO-Link Market by Component (IO-Link Masters and IO-Link Devices), Application (Machine Tool, Handling & Assembly Automation, Packaging, Intralogistics), Industry (Discrete, Hybrid, and Process), and Geography - Global Forecast to 2023

“IO-Link market is expected to grow at CAGR of 33.56% from 2018 to 2023.”
The IO-Link market is expected to reach USD 12.20 billion by 2023 from USD 2.87 billion in 2018, at a CAGR of 33.56%. The ability of IO-Link to support several higher level Fieldbus and Ethernet communication protocols and high focus on increasing energy efficiency, optimizing resources, and reducing production costs are a few major factors driving the growth of IO-Link market. However, the limitation of IO-Link in high-speed or motion control applications and lack of standardization are restraining the market growth.

“IO-Link devices expected to hold significant share of IO-Link market during the forecast period.”
In an industrial setup, IO-Link technology enables various sensors, modules, RFID read heads, and actuators to connect. IO-Link makes it possible to drive industrial communication from the lowest level of automation, i.e., the sensor level. With the IO-Link communication protocol, which is an easier diagnostic solution in which wiring is simple and standardized and standstill downtimes are reduced through simple configuration, industrial automation can be designed more efficiently.

“IO-Link market in APAC is expected to grow at highest CAGR during forecast period.”
Japan and China are the major contributors to the IO-Link market in APAC. The adoption of industrial automation in China is increasing at a rapid pace due to the growing industrial sector and rising per capita income in the country. This is leading to the increasing adoption of advanced manufacturing technologies. Furthermore, rapid technological advancements and a high degree of R&D in the country are expected to create several opportunities for the players in the IO-Link market in this country.

Breakdown of profile of primary participants:
By Company Type: Tier 1 = 27%, Tier 2 = 41%, and Tier 3 = 32%
By Designation: C-Level Executives = 26%, Directors = 40%, and Others = 34%
By Region: North America = 47%, Europe = 28%, APAC = 19%, and RoW = 6%
Siemens (Germany), Balluff (Germany), ifm electronic (Germany), SICK (Germany), Rockwell Automation (US), Festo (Germany) Omron (Japan), Banner Engineering (US), Hans Turck (Germany), Pepperl & Fuchs (Germany), and Datalogic (Italy) are a few key players in the IO-Link market.

Research Coverage:
The market by application covers machine tool, handling and assembly automation, packaging, and intralogistics
The market by component covers IO-Link masters and IO-Link devices.
The market by industry type covers discrete, process and hybrid industry.
The geographic analysis is done for 4 major regions—North America, Europe, APAC, and RoW. (RoW comprises South America, and the Middle East and Africa).

Reasons to Buy the Report:
From an insight perspective, this research report is focused on various levels of analysis, such as market ranking analysis of top players. This report also studies company profiles, which present basic views on the competitive landscape; emerging and high-growth segments of the studied market; high-growth regions; and market dynamics such as drivers, restraints, challenges, and opportunities.

The report provides insights on:
Market penetration: Comprehensive information on various types of applications and technology nodes offered by the top players in the overall IO-Link market
Product development/innovation: Detailed insights regarding research and development (R&D) activities, emerging technologies, and product launches in the IO-Link market
Market development: Comprehensive information about lucrative emerging markets, along with the analysis of the IO-Link markets across regions
Market diversification: Exhaustive information about new products, untapped geographic regions, recent developments, and investments in the overall IO-Link market
Competitive assessment: In-depth assessment of ranking analysis, strategies, products, and manufacturing capabilities of the leading players in the IO-Link market


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • PACKAGE SIZE
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • Table STUDY ASSUMPTIONS
    • LIMITATIONS
      • Table STUDY LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN IO-LINK MARKET
    • IO-LINK MASTER MARKET, BY INTERFACE (USD MILLION)
    • IO-LINK DEVICE MARKET, BY TYPE (USD MILLION)
    • IO-LINK MARKET, BY APPLICATION (MILLION UNITS)
    • IO-LINK MARKET, BY INDUSTRY TYPE (MILLION UNITS)
    • IO-LINK MARKET IN APAC, BY APPLICATION AND COUNTRY (MILLION UNITS)
    • IO-LINK MARKET, BY GEOGRAPHY (MILLION UNITS)
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • MARKET, BY COMPONENT
    • INTRODUCTION
      • Table IO-LINK MARKET, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET, BY COMPONENT, 2015-2023 (MILLION UNITS)
    • IO-LINK MASTERS
      • DEVICE-MOUNTED IO-LINK MASTERS TO WITNESS SIGNIFICANT GROWTH OWING TO THEIR EASIER DEPLOYMENT AND A SHORTER DISTANCE FROM DEVICES
        • Table IO-LINK MASTERS MARKET, BY INTERFACE, 2015-2023 (USD MILLION)
        • Table IO-LINK MASTERS MARKET, BY INTERFACE, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MASTER MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table IO-LINK MASTER MARKET, BY APPLICATION, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MASTERS MARKET, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MASTER MARKET, BY REGION, 2015-2023 (MILLION UNITS)
    • IO-LINK DEVICES
      • IO-LINK-AN EASIER DIAGNOSTIC SOLUTION WITH SIMPLE AND STANDARDIZED WIRING-REDUCES DOWNTIME AND MAKES INDUSTRIAL AUTOMATION MORE EFFICIENT
      • SENSOR NODES
      • MODULES
      • ACTUATORS
      • RFID READ HEADS AND OTHERS
        • Table IO-LINK DEVICE MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION)
        • Table IO-LINK DEVICE MARKET, BY DEVICE TYPE, 2015-2023 (MILLION UNITS)
        • Table IO-LINK DEVICE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table IO-LINK DEVICE MARKET, BY APPLICATION, 2015-2023 (MILLION UNITS)
        • Table IO-LINK DEVICE MARKET, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK DEVICE MARKET, BY REGION, 2015-2023 (MILLION UNITS)
  • MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table IO-LINK MARKET, BY INDUSTRY TYPE, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET, BY INDUSTRY TYPE, 2015-2023 (MILLION UNITS)
    • PROCESS INDUSTRIES
      • GROWING NEED TO DELIVER EFFECTIVE PRODUCTS AT COMPETITIVE PRICES ENCOURAGING PROCESS INDUSTRIES TO ADOPT IO-LINK TECHNOLOGY
      • OIL & GAS
      • CHEMICALS
      • ENERGY & POWER
        • Table IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2015-2023 (MILLION UNITS)
    • DISCRETE INDUSTRIES
      • RISING FOCUS ON IMPROVING PRODUCT QUALITY AND REDUCING OPERATIONAL COSTS PROPELS IO-LINK MARKET GROWTH IN DISCRETE INDUSTRIES
      • AUTOMOTIVE
      • AEROSPACE & DEFENSE
      • SEMICONDUCTOR & ELECTRONICS
      • MACHINE MANUFACTURING
      • PACKAGING
        • Table IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2015-2023 (MILLION UNITS)
    • HYBRID INDUSTRIES
      • PHARMACEUTICALS
      • METALS & MINING
      • FOOD & BEVERAGES
      • CEMENT AND GLASS
        • Table IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2015-2023 (MILLION UNITS)
  • MARKET, BY APPLICATION
    • INTRODUCTION
      • Table IO-LINK MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET, BY APPLICATION, 2015-2023 (MILLION UNITS)
    • MACHINE TOOL
      • USE OF IO-LINK FOR EASY DETECTION OF VENDORS AND DEVICE ID AS WELL AS CONFIGURATION OF MACHINE TOOLS
        • Table IO-LINK MARKET FOR MACHINE TOOL, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR MACHINE TOOL, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET FOR MACHINE TOOL, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR MACHINE TOOL, BY REGION, 2015-2023 (MILLION UNITS)
    • HANDLING AND ASSEMBLY AUTOMATION
      • INCREASED NEED TO RUN MULTIPLE PRODUCTS IN ASSEMBLY AUTOMATION LEAD TO IO-LINK ADOPTION
        • Table IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2015-2023 (MILLION UNITS)
    • INTRALOGISTICS
      • UTILIZATION OF IO-LINK FOR FAST AND EFFICIENT COMMUNICATION IN INTRALOGISTICS
        • Table IO-LINK MARKET FOR INTRALOGISTICS, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR INTRALOGISTICS, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET FOR INTRALOGISTICS, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR INTRALOGISTICS, BY REGION, 2015-2023 (MILLION UNITS)
    • PACKAGING
      • HIGH DEMAND FOR AUTOMATED PACKAGING SOLUTIONS LEADS TO ADOPTION OF IO-LINK TECHNOLOGY
        • Table IO-LINK MARKET FOR PACKAGING, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR PACKAGING, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET FOR PACKAGING, BY REGION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET FOR PACKAGING, BY REGION, 2015-2023 (MILLION UNITS)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table IO-LINK MARKET, BY REGION, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET, BY REGION, 2015-2023 (MILLION UNITS)
    • NORTH AMERICA
      • GROWING PENETRATION OF INDUSTRY 4.0 DRIVING THE GROWTH OF THE NORTH AMERICAN IO-LINK MARKET
        • Table IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY TYPE, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY TYPE, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (MILLION UNITS)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY ACCOUNTED FOR THE LARGEST SHARE OF THE EUROPEAN IO-LINK MARKET IN 2017
        • Table IO-LINK MARKET IN EUROPE, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN EUROPE, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN EUROPE, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN EUROPE, BY APPLICATION, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN EUROPE, BY INDUSTRY TYPE, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN EUROPE, BY INDUSTRY TYPE, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN EUROPE, BY COUNTRY, 2015-2023 (MILLION UNITS)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • REST OF EUROPE (ROE)
    • ASIA PACIFIC (APAC)
      • RISE OF INDUSTRY 4.0 IN JAPAN AND CHINA RESULTING IN GROWING ADOPTION OF IO-LINK IN ASIA PACIFIC
        • Table IO-LINK MARKET IN APAC, BY COMPONENT, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN APAC, BY COMPONENT, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN APAC, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN APAC, BY APPLICATION, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN APAC, BY INDUSTRY TYPE, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN APAC, BY INDUSTRY TYPE, 2015-2023 (MILLION UNITS)
        • Table IO-LINK MARKET IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table IO-LINK MARKET IN APAC, BY COUNTRY, 2015-2023 (MILLION UNITS)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • REST OF APAC
    • REST OF THE WORLD (ROW)
      • Table IO-LINK MARKET IN ROW, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET IN ROW, BY COMPONENT, 2015-2023 (MILLION UNITS)
      • Table IO-LINK MARKET IN ROW, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET IN ROW, BY APPLICATION, 2015-2023 (THOUSAND UNITS)
      • Table IO-LINK MARKET IN ROW, BY INDUSTRY TYPE, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET IN ROW, BY INDUSTRY TYPE, 2015-2023 (THOUSAND UNITS)
      • Table IO-LINK MARKET IN ROW, BY REGION, 2015-2023 (USD MILLION)
      • Table IO-LINK MARKET IN ROW, BY REGION, 2015-2023 (MILLION UNITS)
      • MIDDLE EAST AND AFRICA (MEA)
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND DEVELOPMENTS (2015-2018)
      • PARTNERSHIPS AND COLLABORATIONS
        • Table PARTNERSHIPS AND COLLABORATIONS (2015-2018)
  • COMPANY PROFILES
    • KEY PLAYERS
      • SIEMENS
      • ROCKWELL AUTOMATION
      • OMRON
      • SICK
      • PEPPERL+FUCHS
      • BALLUFF
      • IFM ELECTRONIC
      • TURCK
      • DATALOGIC
      • FESTO
    • OTHER COMPANIES
      • BANNER ENGINEERING
      • COMTROL
      • BECKHOFF AUTOMATION
      • BAUMER
      • WENGLOR SENSORIC
      • BOSCH REXFORTH
      • BERNECKER + RAINER
      • BELDEN
      • AVENTICS
      • WEIDMULLER
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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