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IO-Link - Global Strategic Business Report

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    Report

  • 89 Pages
  • September 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303478

Quick Summary:

In the rapidly digitalizing world, the IO-Link market is growing significantly, with forecasts in the tens of billions. To successfully navigate and capitalize from this dynamic industry, acquiring the latest insights is critical. Our comprehensive global IO-Link market report, which includes a thorough analysis and segmentation of key market players and geographic markets, is a vital tool for senior executives striving to remain on the pinnacle of this field.

The report includes a deep-dive into key market segments such as IO-Link Devices and IO-Link Master, both of which are poised for significant expansion. In addition, it provides a focused analysis on major markets, such as the U.S and China and their projected growth rates, fostering an international understanding crucial for global strategizing. Moreover, it features a meticulous evaluation of crucial competitors, offering vital actionable insights to benchmark and create game-changing strategies. Finally, bountiful add-ons such as bespoke updates, digital archives and complimentary access for a year, maximizes the value your business gains from this report.

Global IO-Link Market to Reach $62.8 Billion by 2030

The global market for IO-Link estimated at US$14.8 Billion in the year 2022, is projected to reach a revised size of US$62.8 Billion by 2030, growing at a CAGR of 19.8% over the analysis period 2022-2030. IO-Link Devices, one of the segments analyzed in the report, is projected to record 19.6% CAGR and reach US$19.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the IO-Link Master segment is readjusted to a revised 21.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 25% CAGR

The IO-Link market in the U.S. is estimated at US$3.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16.5 Billion by the year 2030 trailing a CAGR of 25% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 17.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.5% CAGR.

Select Competitors (Total 33 Featured) -

  • Balluff
  • Baumer Group
  • Beckhoff
  • Belden
  • Bosch Rexforth
  • Carlo Gavazzi
  • Datalogic
  • IFM Electronic
  • MESCO
  • Murrelektronik
  • Omron
  • Pepperl+Fuchs
  • Rockwell Automation
  • SICK
  • Siemens
  • Turck
  • WAGO
  • Weidmüller
  • Wenglor

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for IO-Link

What is the estimated value of the Global Market for IO-Link?

The Global Market for IO-Link was estimated to be valued at $14.8 Billion in 2022.

What is the growth rate of the Global Market for IO-Link?

The growth rate of the Global Market for IO-Link is 19.8%, with an estimated value of $62.8 Billion by 2030.

What is the forecasted size of the Global Market for IO-Link?

The Global Market for IO-Link is estimated to be worth $62.8 Billion by 2030.

Who are the key companies in the Global Market for IO-Link?

Key companies in the Global Market for IO-Link include Balluff, Baumer Group, Beckhoff, Belden, Bosch Rexforth, Carlo Gavazzi, Datalogic, IFM Electronic, MESCO and Murrelektronik.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • IO-Link - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World IO-Link Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for IO-Link by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World 8-Year Perspective for IO-Link by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for IO-Link Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World 8-Year Perspective for IO-Link Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 6: World Recent Past, Current & Future Analysis for IO-Link Master by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 7: World 8-Year Perspective for IO-Link Master by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World 8-Year Perspective for Modules by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World 8-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 12: World Recent Past, Current & Future Analysis for Handling & Assembly Automation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 13: World 8-Year Perspective for Handling & Assembly Automation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Machine Tool by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World 8-Year Perspective for Machine Tool by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World 8-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
  • Table 18: World Recent Past, Current & Future Analysis for Intralogistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 19: World 8-Year Perspective for Intralogistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 20: USA Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: USA 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 22: USA Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 23: USA 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
CANADA
  • Table 24: Canada Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 25: Canada 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 26: Canada Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Canada 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
JAPAN
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 28: Japan Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: Japan 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 30: Japan Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 31: Japan 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
CHINA
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 32: China Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: China 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 34: China Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 35: China 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
EUROPE
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 36: Europe Recent Past, Current & Future Analysis for IO-Link by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for IO-Link by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2023 & 2030
  • Table 38: Europe Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Europe 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 40: Europe Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 41: Europe 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
FRANCE
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 42: France Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 43: France 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 44: France Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: France 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
GERMANY
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 46: Germany Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 47: Germany 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 48: Germany Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 49: Germany 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
ITALY
  • Table 50: Italy Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Italy 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 52: Italy Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 53: Italy 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
UNITED KINGDOM
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 54: UK Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 55: UK 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 56: UK Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: UK 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
SPAIN
  • Table 58: Spain Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 59: Spain 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 60: Spain Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 61: Spain 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
RUSSIA
  • Table 62: Russia Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: Russia 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 64: Russia Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 65: Russia 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
REST OF EUROPE
  • Table 66: Rest of Europe Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 67: Rest of Europe 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 68: Rest of Europe Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 69: Rest of Europe 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
ASIA-PACIFIC
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 70: Asia-Pacific Recent Past, Current & Future Analysis for IO-Link by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 71: Asia-Pacific 8-Year Perspective for IO-Link by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2023 & 2030
  • Table 72: Asia-Pacific Recent Past, Current & Future Analysis for IO-Link by Component - IO-Link Devices, IO-Link Master, Modules and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 73: Asia-Pacific 8-Year Perspective for IO-Link by Component - Percentage Breakdown of Value Sales for IO-Link Devices, IO-Link Master, Modules and Other Components for the Years 2023 & 2030
  • Table 74: Asia-Pacific Recent Past, Current & Future Analysis for IO-Link by Application - Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 75: Asia-Pacific 8-Year Perspective for IO-Link by Application - Percentage Breakdown of Value Sales for Handling & Assembly Automation, Machine Tool, Packaging and Intralogistics for the Years 2023 & 2030
AUSTRALIA
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • IO-Link Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Balluff
  • Baumer Group
  • Beckhoff
  • Belden
  • Bosch Rexforth
  • Carlo Gavazzi
  • Datalogic
  • IFM Electronic
  • MESCO
  • Murrelektronik
  • Omron
  • Pepperl+Fuchs
  • Rockwell Automation
  • SICK
  • Siemens
  • Turck
  • WAGO
  • Weidmüller
  • Wenglor