IO-Link Market

IO-Link Market by Component (IO-Link Masters and IO-Link Devices), Application (Machine Tool, Handling & Assembly Automation, Packaging, Intralogistics), Industry (Discrete, Hybrid, and Process), and Geography - Global Forecast to 2023

Report Code: SE 6700 Oct, 2018, by marketsandmarkets.com

The IO-Link market was valued at USD 1.96 billion in 2017 and is expected to reach USD 12.20 billion by 2023, at a CAGR of 33.56% during the forecast period. The base year considered for this study is 2017, and the forecast period is from 2018 to 2023.

Objectives of the Study:

  • To describe and forecast the IO-Link, in terms of value and volume, by component, application, industry type, and geography
  • To describe and forecast the market, in terms of value and volume, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To describe major factors, namely, drivers, restraints, opportunities, and challenges pertaining to the IO-Link market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To identify the key players operating in the market and comprehensively analyze their market ranking in terms of revenue and core competencies
  • To analyze growth strategies such as product launches and developments, partnerships, collaborations, and expansions adopted by the major players in the market

The research methodology used to estimate and forecast the IO-Link market begins with capturing data on key vendor revenues through secondary research. The secondary sources include research papers and journals of Io-Link Consortium, Control System Integrators Associations (CSIA), Fieldbus Foundation, PROFIBUS International, and MarketsandMarkets Analysis. Moreover, product offerings of demand-side vendors have been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the size of the overall market from revenues of key players in this market. After arriving at the overall market size, the total market was split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the following figure.

IO-Link Market

To know about the assumptions considered for the study, download the pdf brochure

Siemens (Germany), Balluff (Germany), ifm electronic (Germany), SICK (Germany), Rockwell Automation (US), Festo (Germany) Omron (Japan), Banner Engineering (US), Hans Turck (Germany), Pepperl & Fuchs (Germany), and Datalogic (Italy) are among a few key players in the IO-Link market.

Target Audience:

  • Industrial automation device manufacturers
  • Packaging solution providers 
  • Research organizations
  • Original equipment manufacturers (OEMs)
  • Technology standards organizations, forums, alliances, and associations
  • Analysts and strategic business planners
  • Government bodies, venture capitalists, and private equity firms
  • Industry players who want to know more about IO-Link technology and the latest trends in the market

IO-Link Market Segmentation:

In this report, the IO-Link market has been segmented into the following categories:

Market, by Component

  • IO-Link Masters
  • IO-Link Devices
    • Sensor Nodes
    • Modules
    • Actuators
    • RFID Read Heads and Others

Market, by Application

  • Machine Tool
  • Handling and Assembly Automation
  • Packaging
  • Intralogistics

Market, by Industry

  • Discrete
  • Hybrid
  • Process

Market, by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe (RoE)
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Rest of APAC (RoAPAC)
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Market size for 2020 and 2022 for application, technology node, and geography
  • Detailed analysis and profiling of additional market players (up to 5)

Rise of digital industrial technology—Industry 4.0

Industry 4.0 refers to the new digital industrial technology in which sensors, machines, and IT systems are connected along the value chain beyond a single enterprise. The emergence of Industry 4.0 and the need to stay ahead of the competition have led to the increased demand for I/O devices (field devices) in both process and discrete industries. The use of a serial communication protocol in field-level devices increases the productivity and fosters industrial growth. To promote the adoption of Industry 4.0, the European Union (EU) has decided to support the smart use of information and communications technology (ICT) and provide opportunities to micro-, small-, and medium-sized enterprises (MSMEs) to enter new markets by enabling them to participate in global digital supply chains through its Horizon 2020 program that focuses on research and innovation. This revolution is likely to increase productivity and foster industrial growth, which would increase the competitiveness of companies.

IO-Link Market

Key Questions

  • Most of the suppliers have opted product launches and developments as the key strategies. Where will it take the industry in the mid-to-long term?
  • Who are the key players in the market, and how intense is the competition?

According to MarketsandMarkets, the IO-Link market is expected to reach USD 12.20 billion by 2023 from USD 2.87 billion in 2018, at a CAGR of 33.56%. The growth of this market is mainly attributed to the ability of IO-Link to support several higher level Fieldbus and Ethernet communication protocols, and high focus on increasing energy efficiency, optimizing resources, and reducing production costs.

This report covers the market segmented on the basis of component, application, industry, and geography. Among all applications, handling and assembly automation is expected to continue to account for the largest size of the IO-Link market during the forecast period. Discrete industries, such as automotive, metals & mining, and semiconductor, are expected to witness the impressive growth in the adoption of the IO-Link standard for factory automation.

The IO-Link market for discrete industries is expected to grow at the highest rate from 2018 to 2023owing to the recent surge in the adoption of Ethernet communication protocol as a higher level communication protocol in automotive, medical devices, and semiconductor and electronics industries. Due to the high cost and design complexity, the Ethernet communication protocol is not suitable for field level (sensor and actuator level) communication applications wherein a large number of sensors and actuators are used. This limitation of Ethernet has provided new growth opportunity to IO-Link to adopt as a field-level communication protocol in recent years.

Europe is likely to continue to hold the largest market share during the forecast period. Rapid advancements in technologies, stringent regulatory policies, strong government support, along with the significant presence of key industry players, are a few major factors driving the market growth in Europe. Germany is expected to continue to hold a major share of the European market owing to the high concentration of German players in the market. Germany is also a major hub for discrete manufacturing industries, which also contributes toward the growth of the IO-Link market

IO-Link Market

Lack of standardization and limitation of IO-Link in high-speed or motion control applications are restraining market growth. IO-Link is advantageous for an array of industrial applications. However, in industries wherein motion control plays a vital role in their overall automation strategy, the existing Fieldbus or Ethernet communication protocol is more suitable than IO-Link. The other factor that hinders the IO-Link market growth is the high response time and large size of the process data, especially in industries where motion control automation is a vital consideration. With a high response time of about 2.3 ms, IO-Link is not fast enough for motion control applications.

Siemens (Germany), Balluff (Germany), Ifm electronic (Germany), SICK (Germany), Rockwell Automation (US), Festo (Germany) Omron (Japan), Banner Engineering (US), Hans Turck (Germany), Pepperl & Fuchs (Germany), and Datalogic (Italy) are a few major players in the IO-Link market.

Initiatives of governments across the world toward the adoption of industrial automation drive the IO-Link market growth

Machine Tool

A machine tool is equipped with multiple sensors for detecting level, pressure, proximity, and temperature parameters, among others. IO-Link capable sensors in machine tools can easily be identified through their vendor and device ID. The use of IO-Link offers fast initial startup of the machine. It also minimizes the downtime by offering simplified sensor replacement when the fault has been detected. Moreover, even when sensors are replaced, there is no need for additional documentation and worry about setting sensor parameters as these settings are already saved in IO-Link masters/modules.

Handling and Assembly Automation

IO-Link being the serial communication standard and capable of connecting valves and RFID read heads is gaining traction in the market for the smooth operation of handling and assembly systems. The use of IO-Link in process and assembly automation simplifies the connection of valves, RFID read heads, and sensors nodes. The ability of IO-Link to replace the parallel wiring with serial wiring makes IO-Link less complicated in handling and assembly automation systems.

Packaging

The increased focus by many manufacturing industries to ensure greater operating safety and efficiency, as well as reduce errors and improve working conditions, has aided the adoption of the packaging automation solutions in industries. IO-Link offers seamless connectivity between the sensor and the controller used in the packaging automation solution. IO-Link capable color sensors and photoelectric sensors communicate the real-time data in the packaging system to the controller. Moreover, sensor parameters can be logged during the production process. IO-Link facilitates machine and process validation down to the lowest automation level.

Critical questions would be:

  • What could be the potential industrial applications of IO-Link systems?
  • What is the importance of IO-Link in the manufacturing sector? 
  • What will be the penetration rate of IO-Link systems in process industries?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in IO-Link Market
    4.2 IO-Link Master Market, By Interface (USD Million)
    4.3 IO-Link Device Market, By Type (USD Million)
    4.4 Market, By Application (Million Units)
    4.5 Market, By Industry Type (Million Units)
    4.6 Market in APAC, By Application and Country (Million Units)
    4.7 Market, By Geography (Million Units)

5 Market Overview (Page No. - 36)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Initiatives of Governments Across the World Toward the Adoption of Industrial Automation
                    5.1.1.2 High Focus on Increasing Energy Efficiency, Optimizing Resources, and Reducing Production Costs
                    5.1.1.3 Rise of Digital Industrial Technology—Industry 4.0
                    5.1.1.4 Ability of IO-Link to Support Several Higher Level Fieldbus and Ethernet Communication Protocols
           5.1.2 Restraints
                    5.1.2.1 Lack of Standardization
                    5.1.2.2 Limitation of IO-Link in High-Speed Or Motion Control Applications
           5.1.3 Opportunities
                    5.1.3.1 Release of IO-Link Safety Specification in 2017
                    5.1.3.2 Availability of Cloud Interface in IO-Link
           5.1.4 Challenges
                    5.1.4.1 Threats Related to Cybersecurity
                    5.1.4.2 Lack of Interoperability Between Information Technology (It) and Operational Technology (Ot)

6 Market, By Component (Page No. - 42)
    6.1 Introduction
    6.2 IO-Link Masters
           6.2.1 Device-Mounted IO-Link Masters to Witness Significant Growth Owing to Their Easier Deployment and A Shorter Distance From Devices
    6.3 IO-Link Devices
           6.3.1 IO-Link-An Easier Diagnostic Solution With Simple and Standardized Wiring—Reduces Downtime and Makes Industrial Automation More Efficient
           6.3.2 Sensor Nodes
           6.3.3 Modules
           6.3.4 Actuators
           6.3.5 RFID Read Heads and Others

7 Market, By Industry (Page No. - 53)
    7.1 Introduction
    7.2 Process Industries
           7.2.1 Growing Need to Deliver Effective Products at Competitive Prices Encouraging Process Industries to Adopt IO-Link Technology
           7.2.2 Oil & Gas
                    7.2.2.1 Increasing Demand for Automation in Oil & Gas Industry to Facilitate Adoption of IO-Link Technology
           7.2.3 Chemicals
                    7.2.3.1 Growing Need for Remote Diagnostics of the Sensor Node and Actuators Facilitates IO-Link Adoption in the Chemical Industry
           7.2.4 Energy & Power
                    7.2.4.1 Rising Adoption of Industry 4.0 in the Energy & Power Industry Acts as A Catalyst for Market Growth
    7.3 Discrete Industries
           7.3.1 Rising Focus on Improving Product Quality and Reducing Operational Costs Propels Market Growth in Discrete Industries
           7.3.2 Automotive
                    7.3.2.1 Intense Competition in the Automotive Industry Surging the Demand for IO-Link to Streamline Production Processes
           7.3.3 Aerospace & Defense
                    7.3.3.1 Essentiality of Cost Optimization Through Automation and Industry 4.0 to Surge the Demand for IO-Link Technology
           7.3.4 Semiconductor & Electronics
                    7.3.4.1 Shift Toward Fieldbus to Ethernet Communication Protocol in the Semiconductor Industry to Propel the Market Growth
           7.3.5 Machine Manufacturing
                    7.3.5.1 Focusing on Adopting IO-Link to Analyze Machine Condition and Avoid Unplanned Downtime
           7.3.6 Packaging
                    7.3.6.1 Advanced Packaging Technology to Boost IO-Link for Automation
    7.4 Hybrid Industries
           7.4.1 Pharmaceuticals
                    7.4.1.1 Adoption of IO-Link to Make Manufacturing Processes Safe, Consistent, and Efficient
           7.4.2 Metals & Mining
                    7.4.2.1 Use of IO-Link for Improving Safety, Increasing Production, and Reducing Operating Costs in Metals & Mining Industry
           7.4.3 Food & Beverages
                    7.4.3.1 Stringent Regulations Related to Food Quality and Safety Drive the Demand for IO-Link Technology
           7.4.4 Cement and Glass
                    7.4.4.1 Emphasis of Manufacturers on Reducing Energy Consumption and Carbon Footprint Expected to Provide Lucrative Opportunities for IO-Link Technology Providers

8 Market, By Application (Page No. - 64)
    8.1 Introduction
    8.2 Machine Tool
           8.2.1 Use of IO-Link for Easy Detection of Vendors and Device Id as Well as Configuration of Machine Tools
    8.3 Handling and Assembly Automation
           8.3.1 Increased Need to Run Multiple Products in Assembly Automation Lead to IO-Link Adoption
    8.4 Intralogistics
           8.4.1 Utilization of IO-Link for Fast and Efficient Communication in Intralogistics
    8.5 Packaging
           8.5.1 High Demand for Automated Packaging Solutions Leads to Adoption of IO-Link Technology

9 Geographic Analysis (Page No. - 76)
    9.1 Introduction
    9.2 North America
           9.2.1 Growing Penetration of Industry 4.0 Driving the Growth of the North American IO-Link Market
           9.2.2 US
                    9.2.2.1 Large Base of Discrete Industries in the US Offer Lucrative Growth Opportunity for Market
           9.2.3 Canada
                    9.2.3.1 Growth in Manufacturing Sector in Canada to Drive Adoption
                               of IO-Link 82
           9.2.4 Mexico
                    9.2.4.1 Continuous Developments in Metal & Mining Industry to Boost the Demand for IO-Link in Mexico
    9.3 Europe
           9.3.1 Germany Accounted for the Largest Share of the European Market in 2017
           9.3.2 Germany
                    9.3.2.1 Growing Adoption of Industrial Ethernet Technology By Automotive Industry in Germany is Expected to Boost the Demand for IO-Link During the Forecast Period.
           9.3.3 UK
                    9.3.3.1 Increased Adoption of IO-Link By Manufacturers in the UK for Delivering Cost-Efficient Products
           9.3.4 France
                    9.3.4.1 Strong Commitment of French Government for Adopting Advanced Manufacturing Processes Expected to Drive IO-Link
           9.3.5 Italy
                    9.3.5.1 Use of IO-Link to Facilitate Communication in Connected Devices in Automotive Industry in Italy
           9.3.6 Rest of Europe (RoE)
    9.4 Asia Pacific (APAC)
           9.4.1 Rise of Industry 4.0 in Japan and China Resulting in Growing Adoption of IO-Link in Asia Pacific
           9.4.2 China
                    9.4.2.1 Growing Automation in Automotive and Semiconductor Industry in China to Drive IO-Link Market During the Forecast Period
           9.4.3 Japan
                    9.4.3.1 High Degree of Industrial Automation in Japan Propelling Market Growth
           9.4.4 South Korea
                    9.4.4.1 Growing Automotive Sector in South Korea to Boost Market Growth in Near Future
           9.4.5 Rest of APAC
    9.5 Rest of the World (RoW)
           9.5.1 Middle East and Africa (MEA)
                    9.5.1.1 Growing Automation in Middle Eastern Oil & Gas Industry to Propel the Demand for IO-Link in Coming Years
           9.5.2 South America
                    9.5.2.1 Brazil to Account for the Largest Share of South American IO-Link Market During 2018–2025

10 Competitive Landscape (Page No. - 97)
     10.1 Overview
     10.2 Ranking Analysis
     10.3 Competitive Situations and Trends
             10.3.1 Product Launches and Developments
             10.3.2 Partnerships and Collaborations

11 Company Profiles (Page No. - 102)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 Key Players
             11.1.1 Siemens
                       11.1.1.1 Business Overview
                       11.1.1.2 Products Offered
                       11.1.1.3 Recent Developments
                       11.1.1.4 SWOT Analysis
                       11.1.1.5 MnM View
             11.1.2 Rockwell Automation
                       11.1.2.1 Business Overview
                       11.1.2.2 Products Offered
                       11.1.2.3 Recent Developments
                       11.1.2.4 MnM View
             11.1.3 Omron
                       11.1.3.1 Business Overview
                       11.1.3.2 Products Offered
                       11.1.3.3 Recent Developments
                       11.1.3.4 MnM View
             11.1.4 SICK
                       11.1.4.1 Business Overview
                       11.1.4.2 Products Offered
                       11.1.4.3 Recent Developments
                       11.1.4.4 SWOT Analysis
                       11.1.4.5 MnM View
             11.1.5 Pepperl+Fuchs
                       11.1.5.1 Business Overview
                       11.1.5.2 Products Offered
                       11.1.5.3 Recent Developments
                       11.1.5.4 MnM View
             11.1.6 Balluff
                       11.1.6.1 Business Overview
                       11.1.6.2 Products Offered
                       11.1.6.3 Recent Developments
                       11.1.6.4 SWOT Analysis
                       11.1.6.5 MnM View
             11.1.7 Ifm Electronic
                       11.1.7.1 Business Overview
                       11.1.7.2 Products Offered
                       11.1.7.3 Recent Developments
                       11.1.7.4 SWOT Analysis
                       11.1.7.5 MnM View
             11.1.8 Turck
                       11.1.8.1 Business Overview
                       11.1.8.2 Products Offered
                       11.1.8.3 Recent Developments
                       11.1.8.4 SWOT Analysis
                       11.1.8.5 MnM View
             11.1.9 Datalogic
                       11.1.9.1 Business Overview
                       11.1.9.2 Products Offered
                       11.1.9.3 Recent Developments
                       11.1.9.4 MnM View
             11.1.10 Festo
                           11.1.10.1 Business Overview
                           11.1.10.2 Products Offered
                           11.1.10.3 Recent Developments
                           11.1.10.4 MnM View
     11.2 Other Companies
             11.2.1 Banner Engineering
             11.2.2 Comtrol
             11.2.3 Beckhoff Automation
             11.2.4 Baumer
             11.2.5 Wenglor Sensoric
             11.2.6 Bosch Rexforth
             11.2.7 Bernecker + Rainer
             11.2.8 Belden
             11.2.9 Aventics
             11.2.10 Weidmuller

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 135)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (78 Tables)

Table 1 Study Assumptions
Table 2 Study Limitations
Table 3 IO-Link Market, By Component, 2015–2023 (USD Million)
Table 4 Market, By Component, 2015–2023 (Million Units)
Table 5 IO-Link Masters Market, By Interface, 2015–2023 (USD Million)
Table 6 IO-Link Masters Market, By Interface, 2015–2023 (Million Units)
Table 7 IO-Link Master Market, By Application, 2015–2023 (USD Million)
Table 8 IO-Link Master Market, By Application, 2015–2023 (Million Units)
Table 9 IO-Link Masters Market, By Region, 2015–2023 (USD Million)
Table 10 IO-Link Master Market, By Region, 2015–2023 (Million Units)
Table 11 IO-Link Device Market, By Device Type, 2015–2023 (USD Million)
Table 12 IO-Link Device Market, By Device Type, 2015–2023 (Million Units)
Table 13 IO-Link Device Market, By Application, 2015–2023 (USD Million)
Table 14 IO-Link Device Market, By Application, 2015–2023 (Million Units)
Table 15 IO-Link Device Market, By Region, 2015–2023 (USD Million)
Table 16 IO-Link Device Market, By Region, 2015–2023 (Million Units)
Table 17 IO-Link Market, By Industry Type, 2015–2023 (USD Million)
Table 18 Market, By Industry Type, 2015–2023 (Million Units)
Table 19 Market for Process Industries, By Region, 2015–2023 (USD Million)
Table 20 Market for Process Industries, By Region, 2015–2023 (Million Units)
Table 21 Market for Discrete Industries, By Region, 2015–2023 (USD Million)
Table 22 Market for Discrete Industries, By Region, 2015–2023 (Million Units)
Table 23 Market for Hybrid Industries, By Region, 2015–2023 (USD Million)
Table 24 Market for Hybrid Industries, By Region, 2015–2023 (Million Units)
Table 25 Market, By Application, 2015–2023 (USD Million)
Table 26 IO-Link Market, By Application, 2015–2023 (Million Units)
Table 27 Market for Machine Tool, By Component, 2015–2023 (USD Million)
Table 28 Market for Machine Tool, By Component, 2015–2023 (Million Units)
Table 29 Market for Machine Tool, By Region, 2015–2023 (USD Million)
Table 30 Market for Machine Tool, By Region, 2015–2023 (Million Units)
Table 31 Market for Handling and Assembly Automation, By Component, 2015–2023 (USD Million)
Table 32 Market for Handling and Assembly Automation, By Component, 2015–2023 (Million Units)
Table 33 IO-Link Market for Handling and Assembly Automation, By Region, 2015–2023 (USD Million)
Table 34 Market for Handling and Assembly Automation, By Region, 2015–2023 (Million Units)
Table 35 Market for Intralogistics, By Component, 2015–2023 (USD Million)
Table 36 Market for Intralogistics, By Component, 2015–2023 (Million Units)
Table 37 Market for Intralogistics, By Region, 2015–2023 (USD Million)
Table 38 Market for Intralogistics, By Region, 2015–2023 (Million Units)
Table 39 Market for Packaging, By Component, 2015–2023 (USD Million)
Table 40 Market for Packaging, By Component, 2015–2023 (Million Units)
Table 41 IO-Link Market for Packaging, By Region, 2015–2023 (USD Million)
Table 42 Market for Packaging, By Region, 2015–2023 (Million Units)
Table 43 Market, By Region, 2015–2023 (USD Million)
Table 44 Market, By Region, 2015–2023 (Million Units)
Table 45 Market in North America, By Component, 2015–2023 (USD Million)
Table 46 Market in North America, By Component, 2015–2023 (Million Units)
Table 47 Market in North America, By Application, 2015–2023 (USD Million)
Table 48 IO-Link Market in North America, By Application, 2015–2023 (Million Units)
Table 49 Market in North America, By Industry Type, 2015–2023 (USD Million)
Table 50 Market in North America, By Industry Type, 2015–2023 (Million Units)
Table 51 Market in North America, By Country, 2015–2023 (USD Million)
Table 52 Market in North America, By Country, 2015–2023 (Million Units)
Table 53 Market in Europe, By Component, 2015–2023 (USD Million)
Table 54 Market in Europe, By Component, 2015–2023 (Million Units)
Table 55 Market in Europe, By Application, 2015–2023 (USD Million)
Table 56 IO-Link Market in Europe, By Application, 2015–2023 (Million Units)
Table 57 Market in Europe, By Industry Type, 2015–2023 (USD Million)
Table 58 Market in Europe, By Industry Type, 2015–2023 (Million Units)
Table 59 Market in Europe, By Country, 2015–2023 (USD Million)
Table 60 Market in Europe, By Country, 2015–2023 (Million Units)
Table 61 Market in APAC, By Component, 2015–2023 (USD Million)
Table 62 Market in APAC, By Component, 2015–2023 (Million Units)
Table 63 Market in APAC, By Application, 2015–2023 (USD Million)
Table 64 Market in APAC, By Application, 2015–2023 (Million Units)
Table 65 IO-Link Market in APAC, By Industry Type, 2015–2023 (USD Million)
Table 66 Market in APAC, By Industry Type, 2015–2023 (Million Units)
Table 67 Market in APAC, By Country, 2015–2023 (USD Million)
Table 68 Market in APAC, By Country, 2015–2023 (Million Units)
Table 69 Market in RoW, By Component, 2015–2023 (USD Million)
Table 70 Market in RoW, By Component, 2015–2023 (Million Units)
Table 71 Market in RoW, By Application, 2015–2023 (USD Million)
Table 72 Market in RoW, By Application, 2015–2023 (Thousand Units)
Table 73 Market in RoW, By Industry Type, 2015–2023 (USD Million)
Table 74 Market in RoW, By Industry Type, 2015–2023 (Thousand Units)
Table 75 IO-Link Market in RoW, By Region, 2015–2023 (USD Million)
Table 76 Market in RoW, By Region, 2015–2023 (Million Units)
Table 77 Product Launches and Developments (2015–2018)
Table 78 Partnerships and Collaborations (2015–2018)
 
 
List of Figures (41 Figures)
 
Figure 1 IO-Link Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 Market Growth in Terms of Value and Volume (2015–2023)
Figure 6 IO-Link Devices to Hold Larger Share of Market During Forecast Period
Figure 7 Packaging Application Expected to Witness Highest CAGR in Market, in Terms of Value, During Forecast Period
Figure 8 Discrete Industries to Hold Largest Size of Market, in Terms of Value, By 2023
Figure 9 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 10 Market in APAC to Grow at Highest CAGR From 2018 to 2023
Figure 11 Profinet to Hold Largest Size of IO-Link Master Market During Forecast Period
Figure 12 Sensor Nodes to Hold Largest Size of Market During Forecast Period
Figure 13 Handling and Assembly Automation to Hold Largest Share of Market in 2018 and 2023
Figure 14 Discrete Industries to Witness Highest CAGR in Market, in Terms of Volume, During Forecast Period
Figure 15 Handling and Assembly Automation to Hold Largest Share of Market in APAC in 2018
Figure 16 Market in China to Grow at Highest CAGR During Forecast Period
Figure 17 Rise in Industrial Revolution 4.0 Expected to Propel Growth of Market
Figure 18 Benefits of Near-Term Adoption of Industrial Internet of Things
Figure 19 Potential Risks Associated With Adoption of Industrial Internet of Things (Iiot)
Figure 20 IO-Link Masters Market, By Interface, 2015–2023 (USD Million)
Figure 21 APAC to Witness Highest CAGR in IO-Link Master Market During 2018–2023
Figure 22 RFID Read Heads and Others to Witness Highest CAGR in IO-Link Device Market, in Terms of Value, During Forecast Period
Figure 23 Packaging Application to Witness Highest Growth in IO-Link Device Market During Forecast Period
Figure 24 APAC to Exhibit Highest CAGR in Market for Process Industries During Forecast Period
Figure 25 Europe to Account for Largest Size of IO-Link Market for Discrete Industries By 2023
Figure 26 Market APAC, in Terms of Volume, to Grow at Highest CAGR During 2018–2023
Figure 27 IO-Link Devices to Dominate Market, Based on Component, for Machine Tool Applications During Forecast Period
Figure 28 APAC to Exhibit Highest CAGR in Market for Handling and Assembly Automation During Forecast Period
Figure 29 Market for Intralogistics, By Component, 2018 vs 2023 (Million Units)
Figure 30 Europe to Hold Largest Size of Market for Packaging, in Terms of Value, During Forecast Period
Figure 31 Geographic Snapshot of Market
Figure 32 IO-Link Market Snapshot in North America
Figure 33 Market Snapshot in Europe
Figure 34 Market Snapshot in APAC
Figure 35 Companies Mostly Adopted Product Launches and Developments as Key Growth Strategies From 2015 to 2018
Figure 36 Ranking of Top 5 Players in IO-Link Market
Figure 37 Siemens: Company Snapshot
Figure 38 Rockwell Automation: Company Snapshot
Figure 39 Omron: Company Snapshot
Figure 40 SICK: Company Snapshot
Figure 41 Datalogic: Company Snapshot 


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Oct, 2018
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