Global IO-Link Market Trends, Business Overview, Industry Growth and Forecast to 2028

IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations. An IO-Link system consists of an IO-Link master and one or more IO-Link devices, i.e. Sensors or Actuators. 

Key Players

• SICK
• Siemens
• Murrelektronik
• ifm Electronic
• Rockwel Automation
• Beckhoff
• Baumer Group
• Turck
• WAGO
• Belden
• Bosch Rexforth
• Pepperl+Fuchs
• Balluff
• Wenglor
• Weidmüller
• Omron

IO-Link Breakdown Data by Type

• IO-Link Master
• IO-Link Sensor
• Others

IO-Link Breakdown Data by Application

• Machine Tool & Assembly Line
• Intralogistics
• Packaging
• Others

Scope of the Report

The research study analyses the global  Global 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

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage 

• o North America Market Size and/or Volume
• o Latin America Market Size and/or Volume
• o Europe Market Size and/or Volume
• o Asia-Pacific Market Size and/or Volume
• o Rest of the world Market Size and/or Volume

1. What was the  Global IO-Link Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Automotive Ambient Lighting Market during the forecast period ( 2022-2028 )?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period ( 2022-2028 ).

4. Which manufacturer/vendor/players in the  Global IO-Link Market was the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.