IO-link Market Forecast (2022 - 2027)

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IO-Link MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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• IO-link Market size was valued at 5.3 billion in
  2020 and it is estimated to grow at a CAGR of
  18.51 during the period 2021-2026, owing to high
  penetration of industry 4.0 across industries.
  IO-link is a point-to-point serial communication
  protocol that includes an IO-Link master and one
  or several IO-Link devices.
• This system is highly being used for increasing
  the level of efficiency of industrial automated
  processes. Thus high demand for automation drives
  the growth of IO-Link market. Moreover, its
  ability to offer support and sustainability for
  various Fieldbus and Ethernet communication
  protocol plays a major role in the growth of this
  market.

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• Key Takeaways
• IO-Link Master held the major IO-link market
  share in 2020, due to high penetration of
  industrial 4.0 across industries and rapid
  industrialization.
• Europe dominated the market in 2020, and is
  anticipated to witness significant growth during
  the forecast period 2021-2026, owing to early
  adoption of this technology and presence of major
  market players in this region.
• Rapid adoption of automation and field bus
  independency of IO-link are the major growth
  drivers of this market.

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IO-Link Market Outlook By component, this market
is segmented intoIO-Link Master and IO-Link
Devices. IO-link master segment is further
segmented intoPROFINET, EtherNet/IP, Modbus-TCP,
EtherCAT, Multiprotocol and Others, and IO-Link
Devices segmented into Sensor Nodes, Modules,
Actuators, RFID Read Heads and others. IO-link
master held major IO-link market share around
35.99 in 2020, owing to rapid industrialization,
increasing penetration of automation and industry
4.0 across sectors.
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• IO-Link Market Industry Outlook 
• Siemens AG,
• Hans Turck GmbH Co. KG,
• Balluff GmbH,
• Rockwell Automation, Inc.,
• SICK AG,
• Omron Corporation

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IO-Link Market Forecast (2022 - 2027) Learn
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• Analyst Briefing
• Data Tables
• Key Contacts
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