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Pune, 23 January 2022 (GLOBE NEWSWIRE) — Global IO-Link Market Analysis and Insights: The global IO-Link market size is expected to reach USD 5,131.8 million by 2027, from USD 2,248 million in 2020, with a CAGR of 12.5% during 2021-2027.
Worldwide”IO-Link Market” The research report presents a critical analysis of the available status through best statistical data points, certified sentiment, definitions, meanings, SWOT analysis and recent developments worldwide. Estimates are also provided based on an appropriate set of assumptions and practices. The study considers The revenue generated by the sales of this report and the progress made by different application areas. The evaluation report investigates and provides data based on advertising segments such as geology, application and industry. The research provides a dashboard overview of the major organizations, covering them effectively marketing methods, market engagement, and recent breakthroughs in historical and contemporary contexts.
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About the IO-Link market:
IO-Link is a short-range, bidirectional, digital, point-to-point, wired (or wireless) industrial communication network standard (IEC 61131-9) for connecting digital sensors and actuators to any type of industrial fieldbus or a kind of industrial Ethernet. Its goal is to provide a technology platform that enables the development and use of sensors and actuators that can generate and use rich datasets that can in turn be used to economically optimize industrial automation processes and operations. An IO-Link system consists of an IO-Link master and one or more IO-Link devices (ie sensors or actuators). The IO-Link master provides the interface with the higher-level controller (PLC) and controls the communication with the connected IO-Link devices.
Major global IO-Link manufacturers include SICK, Siemens, Murrelektronik, ifm, Beckhoff, etc. The top five manufacturers in the world account for about 23%. Europe is the largest market with a share of about 36%, followed by North America and Asia Pacific with a share of about 51%. In terms of products, IO-Link Master is the largest segment with a share of over 40%. In terms of applications, the largest applications are machine tools and assembly lines, followed by intralogistics.
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The list of key players in the IO-Link market report are:
- sick
- Siemens
- Murrelektronik
- ifm electronics
- Rockwell Automation
- Beckhoff
- Baumer Group
- Turck
- Wanke
- Belden
- Bosch Rexford
- Pepperl+Fuchs
- Balluff
- Wengler
- Weidmüller
- Omron
Target audience of the IO-Link market:
– Manufacturer/Potential Investor
– Traders, distributors, wholesalers, retailers, importers and exporters.
– Associations and government agencies.
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