IO-Link Market - Forecast (2021 - 2026)

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IO-Link Market - 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
  18.51 during the period 2021-2026, owing to high
  penetration of industry 4.0 across industries.
• 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.

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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 Industry Outlook 
• Siemens AG
• Hans Turck GmbH Co. KG
• Balluff GmbH
• Rockwell Automation
• SICK AG
• Omron Corporation
• PepperlFuchs SE
• Schneider Electric
• General Electric

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IO-Link Market - Forecast 2021 - 2026 Learn
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• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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