Global and Japan IO-Link Market Size, Status and Forecast 2021-2027

IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations. An IO-Link system consists of an IO-Link master and one or more IO-Link devices, i.e. Sensors or Actuators. The IO-Link master provides the interface to the higher-level controller (PLC) and controls the communication with the connected IO-Link devices.
Global IO-Link key players include SICK, Siemens, Murrelektronik, ifm Electronic, Beckhoff, etc. Global top five manufacturers hold a share about 23%. Europe is the largest market, with a share about 36%, followed by North America and Asia Pacific, both have a share about 51 percent. In terms of product, IO-Link Master is the largest segment, with a share over 40%. And in terms of application, the largest application is Machine Tool & Assembly Line, followed by Intralogistics, etc.

Market Analysis and Insights: Global IO-Link Market
The global IO-Link market size is projected to reach US$ 5131.8 million by 2027, from US$ 2248 million in 2020, at a CAGR of 12.5% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global IO-Link market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global IO-Link market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global IO-Link market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global IO-Link market.

Global IO-Link Scope and Market Size
IO-Link market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IO-Link market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
IO-Link Master
IO-Link Sensor
Others

Segment by Application
Machine Tool & Assembly Line
Intralogistics
Packaging
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
SICK
Siemens
Murrelektronik
ifm Electronic
Rockwel Automation
Beckhoff
Baumer Group
Turck
WAGO
Belden
Bosch Rexforth
Pepperl+Fuchs
Balluff
Wenglor
Weidmüller
Omron