Io Link Market Booming Worldwide with Latest Trend and Future Scope by 2028

The Io Link Market size is expected to grow at an annual average of CAGR 24% during the forecast period (2022-2028). IO-link is an open standard serial communication protocol that supports IO-link and allows bidirectional data exchange from sensors and devices connected to a master. The master acts as a gateway for connecting up to 8 IO-Link devices, including sensors, valves or binary IO modules. IO-link masters can transmit data over various networks, fieldbuses or backplane buses, allowing industrial information systems to access data for immediate action or long-term analysis. Each IO-Link sensor has an IO Device Description (IODD) file that describes the device and its IO-Link capabilities.

The following segmentation are covered in this report:

By Industry Vertical

• Oil & Gas
• Energy & Power
• Automotive
• Aerospace & Defense
• Pharmaceuticals
• Food & Beverages
• Chemicals
• Others

By Application

• Machine Tool
• Handling & Assembly Automation
• Intralogistics
• Packaging

By Type

• IO-link Wired
• IO-link Wireless

Company Profile

• Siemens
• Hans Turck GmbH & Co. KG
• Balluff GmbH
• ifm electronic GmbH
• SICK AG
• Rockwell Automation, Inc.
• Omron Corporation
• Pepperl+Fuchs
• Banner Engineering Corp.
• Emerson Electric Co.

Scope of the report

The research study analyses the Io Link Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Io Link Market Report

• What was the Io Link Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Io Link Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Io Link Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.