Description
Scope of the Report:The global IO-Link market is valued at 2121.9 million USD in 2018 and is expected to reach 3357.3 million USD by the end of 2024, growing at a CAGR of 12.2% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of IO-Link.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the IO-Link market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the IO-Link market by product type and applications/end industries.
Market Segment by Companies, this report covers Siemens
SICK
Rockwell Automation
Ifm Electronic
Murrelektronik
Bosch Rexforth
Turck
Balluff
Baumer Group
WAGO
Omron
Datalogic
Wenglor
Beckhoff
Pepperl+Fuchs
Belden
MESCO
Carlo Gavazzi
WeidmŸller
Market Segment by Regions, regional analysis coversNorth America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers IO-Link Master
IO-Link Sensor
Other
The segment of IO-link sensor holds a comparatively larger share in global market, which accounts for about 41%.
Market Segment by Applications, can be divided into Industrial Automation
Food & Beverage Industry
Control Cabinets
Other
The industrial automation holds an important share in terms of applications, and accounts for 69% of the market share.
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
