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
What is the estimated value of the Global Market for IO-Link?
What is the growth rate of the Global Market for IO-Link?
What is the forecasted size of the Global Market for IO-Link?
Who are the key companies in the Global Market for IO-Link?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 14.8 Billion |
| Forecasted Market Value ( USD | $ 62.8 Billion |
| Compound Annual Growth Rate | 19.8% |
| Regions Covered | Global |
Table of Contents
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
