The Worldwide IO-Link Industry is Expected to Reach $28 Billion by 2027

Dublin, July 25, 2022 (GLOBE NEWSWIRE) -- The "Global IO-Link Market (2022-2027) by Type, Component, Application, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to's offering.

The Global IO-Link Market is estimated to be USD 9.94 Bn in 2022 and is projected to reach USD 28.1 Bn by 2027, growing at a CAGR of 23.1%.

Market dynamics are forces that impact the prices and behaviors of the Global IO-Link Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

The Global IO-Link Market is segmented based on Type, Component, Application, Industry, and Geography.

  • By Type, the market is classified into IO-Link Wired and IO-Link Wireless.
  • By Component, the market is classified into IO-Link Master and IO-Link Devices.
  • By Application, the market is classified into Machine Tools, Handling and Assembly Automation, Packaging Automation Solutions, and Intralogistics Solutions.
  • By Industry, the market is classified into Process, Discrete, and Hybrid.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bosch Rexroth AG, Backhoff Automation GmbH & Co. KG, Balluff GmbH, Banner Engineering Corp, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global IO-Link Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global IO-Link Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global IO-Link Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Drivers
4.1.1 Ability to Support All Fieldbus Protocols
4.1.2 Growing Demand for Remote Configuration, Monitoring, and Maintenance
4.2 Restraints
4.2.1 Use of Compact Machines
4.2.2 Use of Basic Sensors
4.3 Opportunities
4.3.1 Increasing Adoption of IO-Link in the Automotive Industry
4.4 Challenges
4.4.1 Cyber Risks Associated with Automation Systems

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global IO-Link Market, By Type
6.1 Introduction
6.2 IO-Link Wired
6.2.1 Profinet
6.2.2 Ethernet/IP
6.2.3 Modbus TCP/IP
6.2.4 EtherCAT
6.2.5 Multiprotocol
6.2.6 Others
6.3 IO-Link Wireless
6.3.1 Sensor Nodes Position Sensors Temperature Sensors Pressure Sensors Vibration Sensors Others
6.3.2 Modules
6.3.3 Actuators
6.3.4 RFID Read Heads and Others

7 Global IO-Link Market, By Component
7.1 Introduction
7.2 IO-Link Master
7.3 IO-Link Devices

8 Global IO-Link Market, By Application
8.1 Introduction
8.2 Machine Tools
8.3 Handling and Assembly Automation
8.4 Packaging Automation Solutions
8.5 Intralogistics Solutions

9 Global IO-Link Market, By Industry
9.1 Introduction
9.2 Process
9.2.1 Oil & Gas
9.2.2 Chemicals
9.2.3 Energy & Power
9.3 Discrete
9.3.1 Automotive
9.3.2 Aerospace & Defense
9.3.3 Semiconductor & Electronics
9.3.4 Machine Manufacturing
9.3.5 Packaging
9.4 Hybrid
9.4.1 Pharmaceuticals
9.4.2 Metals & Mining
9.4.3 Food & Beverages
9.4.4 Cement & Glass

10 Americas' Global IO-Link Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas

11 Europe's Global IO-Link Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe

12 Middle East and Africa's Global IO-Link Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA

13 APAC's Global IO-Link Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific

14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements

15 Company Profiles
15.1 Bosch Rexroth AG
15.2 Backhoff Automation GmbH & Co. KG
15.3 Balluff GmbH
15.4 Banner Engineering Corp
15.5 Baumer Belden Inc
15.6 BIHL+Weidemann GmbH
15.7 Carlo Gavazzi Holding AG
15.8 Coretigo
15.9 Datalogic SPA
15.10 Emerson Electric Co
15.11 Hans Truck GmbH & Co. KG
15.12 ifm efector Inc
15.13 Jumbo Murrelektronik Inc
15.14 OMRON Corp
15.15 Pepperl+Fuchs
15.16 Phoenix Contact Rockwell Automation Inc
15.17 Sick AG
15.18 Siemens AG
15.19 Wenglor Sensoric LLC
15.20 Weidmuller Interface GmbH & Co. KG

16 Appendix

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Global IO-Link Market