Title: O-Link Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
1IO-Link Market - Industry Analysis, Market Size,
Share, Trends, Application Analysis, Growth And
Forecast 2021 - 2026
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- IO-link Market size was valued at 5.3 billion in
2020 and it is estimated to grow at a CAGR of
18.51Â during the period 2021-2026, owing to high
penetration of industry 4.0 across industries. - Â IO-link is a point-to-point serial communication
protocol that includes an IO-Link master and one
or several IO-Link devices. This system is highly
being used for increasing the level of efficiency
of industrial automated processes. Thus high
demand for automation drives the growth of
IO-Link market. Moreover, its ability to offer
support and sustainability for various Fieldbus
and Ethernet communication protocol plays a major
role in the growth of this market.
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- Key Takeaways
- IO-Link Master held the major IO-link market
share in 2020, due to high penetration of
industrial 4.0 across industries and rapid
industrialization. - Europe dominated the market in 2020, and is
anticipated to witness significant growth during
the forecast period 2021-2026, owing to early
adoption of this technology and presence of major
market players in this region. - Rapid adoption of automation and field bus
independency of IO-link are the major growth
drivers of this market.
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By Distribution Channel- Segment Analysis By
component, this market is segmented intoIO-Link
Master and IO-Link Devices. IO-link master
segment is further segmented intoPROFINET,
EtherNet/IP, Modbus-TCP, EtherCAT, Multiprotocol
and Others, and IO-Link Devices segmented into
Sensor Nodes, Modules, Actuators, RFID Read Heads
and others. IO-link master held major IO-link
market share around 35.99 in 2020, owing to
rapid industrialization, increasing penetration
of automation and industry 4.0 across sectors.
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- IO-link Market Landscape
- Siemens AG,
- Hans Turck GmbH Co. KG,
- Balluff GmbH,
- Rockwell Automation,
- Inc.,SICK AG,
- Omron Corporation,
- PepperlFuchs SE,Schneider Electric,
- General Electric,
- BR Industrial Automation GmbHÂ
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IO-Link Market - Industry Analysis, Market Size,
Share, Trends, Application Analysis, Growth And
Forecast 2021 - 2026 Learn More About the Report
_at_ https//www.industryarc.com/Research/IO-Link-M
arket-Research-505485
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
- Purchase Full Report _at_ https//www.industryarc.com
/Research/IO-Link-Market-Research-505485
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Reddy Contact (1) 970-236-3677 Email
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