IO-Link Market

IO-Link Market with COVID-19 Impact Analysis by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Master, IO-Link Devices), Industry (Process, Discrete, Hybrid), Application, and Geography(North America, Europe, APAC) - Global Forecast to 2026

Report Code: SE 6700 Apr, 2021, by marketsandmarkets.com

[248 Pages Report] The IO-Link market size is projected to reach USD 24.2 billion by 2026 from an estimated USD  7.7 billion in 2021, at a CAGR of 25.6% from 2021 to 2026. Rising demand for Industry 4.0 and ability to support all fieldbus protocols are among the factors driving the growth of the IO-Link market.

IO-Link Market

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COVID-19 Impact on the Global IO-Link  Market

The outbreak and the spread of COVID-19 have significantly impacted players operating in the IO-Link value chain. Rising demand for Industry 4.0 is one of the key factors fueling the growth of the IO-Link market. However, as the complete shutdown of all manufacturing plants, public places and offices due to lockdowns across the world, the demand for IO-Link solutions decreased dramatically. Also, demand of these electronics have decreased significantly worldwide owing to lockdowns imposed by different governments to contain the spread of the COVID-19, it has impacted the growth of the IO-Link market. Moreover, these lockdowns have also impacted the GDP of countries and the per capita income of individuals across the world. The low disposable income has resulted in reduced purchasing power of masses, thereby resulting in a decline in the y-o-y growth for the whole market.

However, the latter half of the year is expected to witness normalization in the inventory levels and increased demand for IO-Link products owing to stabilization in the automotive vertical. The COVID-19 outbreak affected the production of IO-Link as factories across the world were temporarily shut down to curb the spread of the infection and the demand was also decreased.

Market Dynamics:

Driver: Ability to support all fieldbus protocols

IO-Link is fieldbus-independent and can be integrated into all fieldbus systems such as PROFIBUS, PROFINET, AS-i, CANopen, CC-Link, DeviceNet, EtherCAT, EtherNet/IP, Interbus S, Powerlink, and Sercos III. It relies on standards such as M12, M8, or M5 connectors and three-wire cables. In the IO-Link protocol, data from field-level sensors and actuators is transmitted from the IO-Link master device through fieldbus and Ethernet communication systems to control-level devices, i.e., PLC or SCADA. IO-Link also enables an extended diagnosis of sensors and actuators, and eases parameter setting due to bidirectional communication. Moreover, systems with IO-Link are not dependent on fieldbus. Hence, these can be implemented for production automation across sectors such as automotive, packaging, solar, glass production, biogas production, and woodworking. This, in turn, spurs the demand for IO-Link across industries.

Restraint: Use of compact machines

IO-Link solutions help reduce cables and wiring for industrial machines. Manufacturing industries demand compact and reliable solutions for their operational processes. This leads to the requirement of compact machines on a factory floor. Such compact machines, apart from being small, consume less power and offer better performance as compared with other industrial solutions. Also, the wiring in compact machines is already short. In such cases, deploying IO-Link solutions is costlier for industry players. In addition, these machines are efficient and require lesser space than traditional machines and other industrial solutions. Hence, the use of compact machines for industrial automation is a key hurdle for the growth of the IO-Link market.

Opportunity: Limitations of Ethernet to create lucrative opportunities

A single shared cable can serve as the basis for a complete Ethernet network. However, there are practical limitations to the size of an Ethernet network. Electrical signals propagate quickly along a cable, but they weaken as they travel. Also, electrical interference from neighboring devices disturbs the signal. Hence, the network cable must be short enough to enable devices at opposite ends to receive each other's signals and with minimal delay. Moreover, there is a limit to the number of devices that can coexist in a single Ethernet network. These limitations of the Ethernet network provide a lucrative opportunity for the IO-Link market.

Challenge: Cyber risks associated with automation systems

IO-Link solutions are vulnerable to threats such as cross-site request forgery (CSRF), reflected cross-site scripting (XSS), blind command injection, and denial-of-service (DoS) issues. Also, Other risks associated with IO-Link include spear phishing, watering hole, and database injection. In a phishing assault, a digital criminal can steal the data from devices by deceiving them into sharing the security key for an application. Cyber risks threaten industrial automation and control systems (IACS). However, cybersecurity measures are taken to secure IACS against such risks. These assaults are used to threaten manufacturing industries and gain monetary benefits or critical business information. These dangers begin from the web, corporate systems, programming overhauls, and unapproved access.

The IO-Link wired segment held the major share of the IO-Link market, in 2020.

The IO-Link wired segment held the major share of the IO-Link market, in 2020. The growth of this segment is due to the increasing demand for cost-saving installation of two-way communication between field devices such as sensors, actuators, controllers, and other automation systems on a factory floor. IO-Link wired simplifies wiring, which makes its installation cost lower than a conventional solution. This is due to the use of field modules and connections with cables that do not require shielding. IO-Link wired platform is used by industry players to install serial communication protocol with sensors and actuators. It enables bidirectional exchange of data from field devices and makes data accessible for analysis to programmable logic controllers (PLCs) and human–machine interfaces (HMI). This helps improve work efficiency and working conditions in manufacturing companies.

Discrete industries accounted for the largest share of the IO-Link market in 2020, and a similar trend islikely to continue in the near future.

Discrete industries such as automotive, aerospace & defense, semiconductor & electronics, machine manufacturing, packaging, and medical devices follow stringent protocols for their manufacturing operations and continuously focus on reducing operational costs. This leads them to adopt industrial automation and IoT technologies for their business operations. Also, these industries majorly focus on improving the operational efficiency of machines to meet the increasing customer demands. IO-Link can help reduce manufacturing costs, speed up commissioning times, reduce the number of network nodes, and lower the downtime of machines or systems. This factor is expected to increase the adoption of IO-Link in discrete industries.

The packaging automation solutions segment is expected to record the highest CAGR during the forecastperiod of the IO-Link market

This growth is attributed to the increasing demand for effective and speedy packaging processes with minimal human interventions. Packaging automation solutions are used in various packaging processes, including product sorting, product handling, product storage, and product shipment. IO-Link solutions help optimize the packaging process by establishing bidirectional communication between sensors and automation systems. Also, IO-Link solutions offer features such as rapid and safe commissioning, reliable and high-quality packaging processes, improved availability of the final packaging machines, rapid returns on investment, and the ability to carry out remote diagnosis. Hence, the continuous evolution of packaging automation and the high adoption of IO-Link-based sensors are expected to boost the demand for packaging automation solutions in the near future.

IO-Link Market  by Region

Europe held the largest share of the IO-Link market in 2020 of the IO-Link market

Europe held the largest share of the IO-Link market in 2020 owing to the presence of automotive, aerospace & defense, and industrial manufacturing verticals in the region. Europe comprises major growing economies, such as the UK, Germany, and France, which offer significant growth opportunities for the market. Also, the rising demand for IoT-connected devices and industrial automation in manufacturing industries is driving the growth of the European IO-Link market. Moreover, the European government is taking initiatives to establish smart factories and digitize European industries, thus driving the demand for IO-Link solutions. IO-Link solutions enable industrial manufacturers to establish standardized communication between sensors and actuators, increase data availability, conduct remote configuration and monitoring, and  enhance diagnostics. IO-Link provides a platform to help sensors and actuators become smarter as compared with other field devices. These factors are expected to spur the growth of the IO-Link market in Europe.

Key Market Players

Siemens (Germany), Hans Turck GmbH & Co. KG (Germany), Balluff GmbH (Germany),ifm electronic GmbH (Germany), SICK AG (Germany), Rockwell Automation, Inc. (US), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Festo SE & Co. KG (Germany), and SMC Corporation (Japan), are some of the key players in the IO-Link market.

Scope of the report

Report Metric

Details

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Units

Value (USD)

Segments Covered

By type, component, industry, and application

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Siemens (Germany), Hans Turck GmbH & Co. KG (Germany), Balluff GmbH (Germany),ifm electronic GmbH (Germany), SICK AG (Germany), Rockwell Automation, Inc. (US), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Festo SE & Co. KG (Germany), and SMC Corporation (Japan),are among others.
A total of 25 players are covered.

This research report categorizes the IO-Link market based on type, component, industry, application, and region

Based on type:

  • IO-Link Wired
  • IO-Link Wireless

Based on component

  • IO-Link Master
    • PROFINET
    • EtherNet/IP
    • Modbus-TCP
    • EtherCAT
    • Multiprotocol
    • Others
  • IO-Link Devices
    • Sensor Nodes
      • Position sensor
      • Temperature sensor
      • Pressure sensor
      • Vibration sensor
      • Others
  • Modules
  • Actuators
  • RFID Read Heads and Others

Based on industry:

  • Process Industries
    • Oil and Gas
    • Chemicals
    • Energy and Power
  • Discrete Industries
    • Automotive
    • Aerospace and Defense
    • Semiconductors and Electronics
    • Machine Manufacturing
    • Packaging
  • Hybrid Industries
    • Pharmaceuticals
    • Metals and Mining
    • Food and Beverages
    • Cement and Glass

Based on application:

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

Based on region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Recent Developments

  • In March 2021, Balluff GmbH launched the sensors are self-monitoring, providing internal environmental data in real time, including temperature monitoring, relative humidity, inclination detection, and vibration monitoring. The sensor’s signal quality is displayed on LEDs on the sensor, and operating hours and time functions are available using IO-Link.
  • In February 2021, Siemens, the company expanded its portfolio of the SIMATIC RF300 HF-RFID family to include the SIMATIC RF360R reader, which combines the functions of a communication module and a reader in a single device. The device supports space-saving and cost-efficient installation in all types of industrial application and offers an operating distance of up to 140 millimeters. It is ideal for use in harsh industrial environments at an operating temperature from 0 to +55° Celsius.
  • In February 2021, Rockwell Automation, Inc. the GuardShield 450L light curtain with Common Industrial Protocol (CIP) Safety over EtherNet/IP plug-in protects personnel from injuries related to hazardous machine motion. The CIP Safety plug-in gives users more access to diagnostic data to improve productivity and flexibility.
  • In March 2020, Siemens expanded its RFID portfolio in the SIMATIC RF1000 family to include the new OEM version of the SIMATIC RF1070R reader with neutral housing and non-glued neutral front foil. The new device allows users to create customer-specific designs of the foil and fabricate them worldwide.
  • In March 2020, Siemens expanded its distributed I/O system with new modules for the SIMATIC ET 200MP/SIMATIC S7-1500 IOs as well as a backplane bus. A total of 4 new multi-channel digital modules, with 64 channels each and an installation width of 35 millimeters, enables users to achieve space-saving and cost-efficient implementation of a high number of channels in the control cabinet. This reduces the footprint of their SIMATIC S7-1500 stations. Existing systems based on SIMATIC S7- 300/ET 200M are easy to migrate to the new SIMATIC S7-1500 systems with the new portfolio.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           FIGURE 1 IO-LINK MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 IO-LINK MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 FACTOR ANALYSIS
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SALES OF IO-LINK
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP  APPROACH (SUPPLY SIDE)–ILLUSTRATIVE EXAMPLE OF A COMPANY  OPERATING IN IO-LINK MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE)—DEMAND FOR IO-LINK FOR MACHINE TOOLS APPLICATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Estimating market size using bottom-up analysis (demand side)
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Estimating market size using top-down analysis (supply side)
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
             FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 RESEARCH ASSUMPTIONS
           2.5.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 46)
             TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 9 GROWTH PROJECTIONS FOR IO-LINK MARKET IN REALISTIC, OPTIMISTIC,  AND PESSIMISTIC SCENARIOS
    3.4 IMPACT OF COVID-19 ON IO-LINK MARKET
           FIGURE 10 GLOBAL PROPAGATION OF COVID-19
           FIGURE 11 IO-LINK WIRELESS TO WITNESS A HIGHER GROWTH RATE FROM 2021 TO 2026
           FIGURE 12 PACKAGING AUTOMATION SOLUTIONS TO WITNESS HIGHEST GROWTH FROM 2021 TO 2026
           FIGURE 13 DISCRETE INDUSTRIES SEGMENT TO WITNESS HIGHEST CAGR IN IO-LINK MARKET FROM 2021 TO 2026
           FIGURE 14 EUROPE IS LIKELY TO ACCOUNT FOR LARGEST SHARE OF IO-LINK  MARKET BY 2026

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN IO-LINK MARKET
           FIGURE 15 RISING DEMAND FOR INDUSTRY 4.0 TO FUEL DEMAND FOR IO-LINK SOLUTIONS IN COMING YEARS
    4.2 IO-LINK MARKET, BY TYPE
           FIGURE 16 IO-LINK WIRED TO CAPTURE LARGER SHARE OF GLOBAL IO-LINK  MARKET IN 2026
    4.3 IO-LINK MARKET, BY COMPONENT
           FIGURE 17 IO-LINK DEVICES SEGMENT TO CAPTURE LARGER SHARE OF GLOBAL IO-LINK MARKET IN 2026
    4.4 IO-LINK MARKET, BY APPLICATION
           FIGURE 18 PACKAGING AUTOMATION SOLUTIONS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.5 IO-LINK MARKET, BY APPLICATION AND REGION
           FIGURE 19 HANDLING AND ASSEMBLY AUTOMATION, AND EUROPE TO ACCOUNT FOR LARGEST SHARE OF IO-LINK MARKET BY 2026

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 IO-LINK MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for Industry 4.0
           FIGURE 21 INDUSTRY 4.0 IS TRANSFORMING FACTORIES TO SMART FACTORIES
                    5.2.1.2 Ability to support all fieldbus protocols
                    5.2.1.3 Growing demand for remote configuration, monitoring, and maintenance
           FIGURE 22 IO-LINK MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Use of compact machines
                    5.2.2.2 Use of basic sensors
           FIGURE 23 IO-LINK MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Limitations of Ethernet
                    5.2.3.2 Increasing adoption of IO-Link in automotive industry
           FIGURE 24 IO-LINK MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Cyber risks associated with automation systems
           FIGURE 25 IO-LINK MARKET: CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS
           FIGURE 26 IO-LINK MARKET: SUPPLY CHAIN
           TABLE 2 IO-LINK MARKET: COMPANIES AND THEIR ROLE IN SUPPLY CHAIN
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR IO-LINK MARKET
           FIGURE 27 REVENUE SHIFT IN IO-LINK MARKET
    5.5 IO-LINK ECOSYSTEM
           FIGURE 28 IO-LINK ECOSYSTEM
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 IO-LINK MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 CASE STUDY
           5.7.1 HARPAK-ULMA IMPROVES CUSTOMER AGILITY WITH SMART PACKAGING MACHINES FROM ROCKWELL AUTOMATION
           5.7.2 PROCECO INTEGRATED CLEANING SYSTEMS WITH CUBE67 AND IO-LINK SOLUTIONS
           5.7.3 MARSTON'S BREWERY USES IFM IO-LINK DEVICES TO UPDATE TANK LEVEL CONTROL
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 COMPLEMENTARY TECHNOLOGIES
                    5.8.1.1 Fieldbus technology
                    5.8.1.2 Interface technology
    5.9 AVERAGE SELLING PRICE FOR IO-LINK SOLUTIONS
           TABLE 4 AVERAGE SELLING PRICE FOR IO-LINK SOLUTIONS, BY COMPONENT
    5.10 TRADE ANALYSIS
           TABLE 5 IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           TABLE 6 EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENTS ANALYSIS, 2018–2020
           TABLE 7 TOP 20 PATENT OWNERS DURING 2011–2020 (US)
           FIGURE 30 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN  DURING 2011–2020
           FIGURE 31 PATENTS GRANTED DURING 2011–2020
    5.12 TARIFFS AND REGULATIONS RELATED TO PRINTED CIRCUITS
           5.12.1 TARIFFS
           5.12.2 REGULATORY COMPLIANCE
           5.12.3 STANDARDS

6 IO-LINK MARKET, BY TYPE (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 32 IO-LINK MARKET, BY TYPE
           FIGURE 33 IO-LINK WIRELESS TO GROW AT A HIGHER CAGR DURING 2021–2026
           TABLE 8 IO-LINK MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 9 IO-LINK MARKET, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 10 IO-LINK MARKET, BY TYPE, 2017–2020 (MILLION UNITS)
           TABLE 11 IO-LINK MARKET, BY TYPE, 2021–2026 (MILLION UNITS)
    6.2 IO-LINK WIRED
           FIGURE 34 IO-LINK WIRED
    6.3 IO-LINK WIRELESS
           FIGURE 35 IO-LINK WIRELESS

7 IO-LINK MARKET, BY COMPONENT (Page No. - 85)
    7.1 INTRODUCTION
           FIGURE 36 IO-LINK MARKET, BY COMPONENT
           FIGURE 37 IO-LINK DEVICES TO GROW AT A HIGHER CAGR DURING 2021–2026
           TABLE 12 IO-LINK MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
           TABLE 13 IO-LINK MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
           TABLE 14 IO-LINK MARKET, BY COMPONENT, 2017–2020 (MILLION UNITS)
           TABLE 15 IO-LINK MARKET, BY COMPONENT, 2021–2026 (MILLION UNITS)
    7.2 IO-LINK MASTERS
           TABLE 16 IO-LINK MASTERS MARKET, BY INTERFACE, 2017–2020 (USD MILLION)
           TABLE 17 IO-LINK MASTERS MARKET, BY INTERFACE, 2021–2026 (USD MILLION)
           TABLE 18 IO-LINK MASTERS MARKET, BY INTERFACE, 2017–2020 (MILLION UNITS)
           TABLE 19 IO-LINK MASTERS MARKET, BY INTERFACE, 2021–2026 (MILLION UNITS)
           TABLE 20 IO-LINK MASTERS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 21 IO-LINK MASTERS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 22 IO-LINK MASTERS MARKET, BY APPLICATION, 2017–2020 (THOUSAND UNITS)
           TABLE 23 IO-LINK MASTERS MARKET, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
           FIGURE 38 IO-LINK MASTERS MARKET TO GROW HIGHEST CAGR IN APAC DURING FORECAST PERIOD
           TABLE 24 IO-LINK MASTERS MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 25 IO-LINK MASTERS MARKET, BY REGION, 2021–2026 (USD MILLION)
           TABLE 26 IO-LINK MASTERS MARKET, BY REGION, 2017–2020 (MILLION UNITS)
           TABLE 27 IO-LINK MASTERS MARKET, BY REGION, 2021–2026 (MILLION UNITS)
           7.2.1 PROFINET
                    7.2.1.1 PROFINET protocol led IO-Link market in 2020
           7.2.2 ETHERNET/IP
                    7.2.2.1 EtherNet/IP is ideal for control applications and Industrial Internet of Things (IIoT)
           7.2.3 MODBUS TCP/IP
                    7.2.3.1 MODBUS TCP/IP protocol is widely used in process industries for factory automation
           7.2.4 ETHERCAT
                    7.2.4.1 EtherCAT makes machines and systems faster, simpler, and more cost-effective
           7.2.5 MULTIPROTOCOL
                    7.2.5.1 Multiprotocol solutions offer better user experience and support for field upgrades
           7.2.6 OTHERS
    7.3 IO-LINK DEVICES
           TABLE 28 IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2017–2020 (USD MILLION)
           TABLE 29 IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)
           TABLE 30 IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)
           TABLE 31 IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2021–2026 (MILLION UNITS)
           TABLE 32 IO-LINK DEVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 33 IO-LINK DEVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 34 IO-LINK DEVICES MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
           TABLE 35 IO-LINK DEVICES MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
           FIGURE 39 EUROPE TO HOLD LARGEST SHARE OF IO-LINK DEVICES MARKET DURING 2021–2026
           TABLE 36 IO-LINK DEVICES MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 37 IO-LINK DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
           TABLE 38 IO-LINK DEVICES MARKET, BY REGION, 2017–2020 (MILLION UNITS)
           TABLE 39 IO-LINK DEVICES MARKET, BY REGION, 2021–2026 (MILLION UNITS)
           7.3.1 SENSOR NODES
                    7.3.1.1 Sensor nodes are small and inexpensive devices with limited battery and computation power
                               TABLE 40 IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
                               TABLE 41 IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2021–2026 (USD MILLION)
                               TABLE 42 IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2017–2020 (MILLION UNITS)
                               TABLE 43 IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2021–2026 (MILLION UNITS)
                    7.3.1.2 Position sensors
                               7.3.1.2.1 Position sensors enable presence and absence detection of objects
                    7.3.1.3 Temperature sensors
                               7.3.1.3.1 Temperature sensors can detect differences in temperature of an object and its surroundings
                    7.3.1.4 Pressure sensors
                               7.3.1.4.1 Pressure sensors determine pressure applied to sensors and convert this information into an output signal
                    7.3.1.5 Vibration sensors
                               7.3.1.5.1 Vibration sensors help measure acceleration, speed, and normal vibration in various applications
                    7.3.1.6 Others
           7.3.2 MODULES
                    7.3.2.1 IO-Link modules enable connection of standard sensors and actuators
           7.3.3 ACTUATORS
                    7.3.3.1 Actuators help machines achieve physical movements
           7.3.4 RFID READ HEADS AND OTHERS
                    7.3.4.1 IO-Link establishes communication between IO-Link masters and RFID read heads

8 IO-LINK MARKET, BY INDUSTRY (Page No. - 104)
    8.1 INTRODUCTION
           FIGURE 40 IO-LINK MARKET, BY INDUSTRY
           FIGURE 41 DISCRETE INDUSTRIES TO DOMINATE IO-LINK MARKET DURING  FORECAST PERIOD
           TABLE 44 IO-LINK MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 45 IO-LINK MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
           TABLE 46 IO-LINK MARKET, BY INDUSTRY, 2017–2020 (MILLION UNITS)
           TABLE 47 IO-LINK MARKET, BY INDUSTRY, 2021–2026 (MILLION UNITS)
    8.2 DISCRETE INDUSTRIES
           FIGURE 42 EUROPE TO ACCOUNT FOR LARGEST SIZE OF IO-LINK MARKET FOR DISCRETE INDUSTRIES BY 2026
           TABLE 48 IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 49 IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
           TABLE 50 IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2017–2020 (MILLION UNITS)
           TABLE 51 IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2021–2026 (MILLION UNITS)
           8.2.1 AUTOMOTIVE
                    8.2.1.1 IO-Link solutions help streamline manufacturing processes
           8.2.2 AEROSPACE & DEFENSE
                    8.2.2.1 Increased automation in aerospace & defense industry to boost demand for IO-Link solutions
           8.2.3 SEMICONDUCTOR & ELECTRONICS
                    8.2.3.1 Decentralization in semiconductor & electronics industry to propel IO-Link market growth
           8.2.4 MACHINE MANUFACTURING
                    8.2.4.1 IO-Link facilitates control architecture modernization to support IIoT and Industry 4.0
           8.2.5 PACKAGING
                    8.2.5.1 Demand for high-quality packaging processes boosts demand for IO-Link solutions
    8.3 HYBRID INDUSTRIES
           TABLE 52 IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 53 IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
           TABLE 54 IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2017–2020 (MILLION UNITS)
           TABLE 55 IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2021–2026 (MILLION UNITS)
           8.3.1 PHARMACEUTICALS
                    8.3.1.1 Adoption of IO-Link solutions helps make manufacturing operations faster and more cost-effective
           8.3.2 METALS & MINING
                    8.3.2.1 IO-Link solutions help manage processes better and increase productivity
           8.3.3 FOOD & BEVERAGES
                    8.3.3.1 Demand for maximum process reliability and consistent product quality drives demand for IO-Link solutions
           8.3.4 CEMENT AND GLASS
                    8.3.4.1 Emphasis of manufacturers on conserving natural resources and protecting climate is expected to provide lucrative opportunities for IO-Link solutions providers
    8.4 PROCESS INDUSTRIES
           FIGURE 43 IO-LINK MARKET FOR PROCESS INDUSTRIES TO EXHIBIT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
           TABLE 56 IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 57 IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
           TABLE 58 IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2017–2020 (MILLION UNITS)
           TABLE 59 IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2021–2026 (MILLION UNITS)
           8.4.1 OIL & GAS
                    8.4.1.1 Rising focus on lowering operational costs in oil & gas industry is expected to increase adoption of IO-Link solutions
           8.4.2 CHEMICALS
                    8.4.2.1 IO-Link solutions increase efficiency, sustainability, and safety of chemicals manufacturing and processing plants
           8.4.3 ENERGY & POWER
                    8.4.3.1 IO-Link solutions help increase flexibility and efficiency of energy

9 IO-LINK MARKET, BY APPLICATION (Page No. - 119)
    9.1 INTRODUCTION
             FIGURE 44 IO-LINK MARKET, BY APPLICATION
             FIGURE 45 HANDLING AND ASSEMBLY AUTOMATION IS EXPECTED TO LEAD IO-LINK MARKET IN 2021
             TABLE 60 IO-LINK MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 61 IO-LINK MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 62 IO-LINK MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
             TABLE 63 IO-LINK MARKET, BY COMPONENT, 2021–2026 (MILLION UNITS)
    9.2 MACHINE TOOLS
           9.2.1 RISING DEMAND FOR AUTOMATIC SETTING OF SENSOR PARAMETERS TO FUEL GROWTH OF IO-LINK SOLUTIONS FOR MACHINE TOOLS
                    TABLE 64 IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2017–2020 (USD MILLION)
                    TABLE 65 IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 66 IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2017–2020 (MILLION UNITS)
                    TABLE 67 IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2021–2026 (MILLION UNITS)
                    FIGURE 46 IO-LINK MARKET FOR MACHINE TOOLS TO GROW AT HIGHEST CAGR IN APAC
                    TABLE 68 IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 69 IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 70 IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2017–2020 (MILLION UNITS)
                    TABLE 71 IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2021–2026 (MILLION UNITS)
    9.3 HANDLING AND ASSEMBLY AUTOMATION
           9.3.1 INCREASING DEMAND FOR INDUSTRIAL AUTOMATION ACCELERATES GROWTH OF HANDLING AND ASSEMBLY AUTOMATION APPLICATION
                    TABLE 72 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT,  2017–2020 (USD MILLION)
                    TABLE 73 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT,  2021–2026 (USD MILLION)
                    TABLE 74 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT,  2017–2020 (MILLION UNITS)
                    TABLE 75 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT,  2021–2026 (MILLION UNITS)
                    TABLE 76 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 77 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 78 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION,  2017–2020 (MILLION UNITS)
                    TABLE 79 IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION,  2021–2026 (MILLION UNITS)
    9.4 PACKAGING AUTOMATION SOLUTIONS
           9.4.1 DEMAND FOR INCREASING PRODUCTIVITY AND REDUCING MANUFACTURING COSTS SPURS GROWTH OF PACKAGING AUTOMATION SOLUTIONS APPLICATION
                    FIGURE 47 IO-LINK DEVICES TO HOLD A LARGER SIZE OF IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS DURING FORECAST PERIOD
                    TABLE 80 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT,  2017–2020 (USD MILLION)
                    TABLE 81 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT,  2021–2026 (USD MILLION)
                    TABLE 82 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT,  2017–2020 (MILLION UNITS)
                    TABLE 83 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT,  2021–2026 (MILLION UNITS)
                    TABLE 84 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 85 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 86 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION,  2017–2020 (MILLION UNITS)
                    TABLE 87 IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION,  2021–2026 (MILLION UNITS)
    9.5 INTRALOGISTICS SOLUTIONS
           9.5.1 USE OF IO-LINK SOLUTIONS INCREASES OVERALL EFFICACY OF CONVEYOR BELT
                    TABLE 88 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT,  2017–2020 (USD MILLION)
                    TABLE 89 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT,  2021–2026 (USD MILLION)
                    TABLE 90 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT,  2017–2020 (MILLION UNITS)
                    TABLE 91 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT,  2021–2026 (MILLION UNITS)
                    TABLE 92 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 93 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 94 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION,  2017–2020 (THOUSAND UNITS)
                    TABLE 95 IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION,  2021–2026 (THOUSAND UNITS)

10 GEOGRAPHIC ANALYSIS (Page No. - 135)
     10.1 INTRODUCTION
             FIGURE 48 IO-LINK MARKET, BY REGION
             FIGURE 49 EUROPE TO HOLD LARGEST SHARE OF IO-LINK MARKET DURING 2021–2026
             TABLE 96 IO-LINK MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 97 IO-LINK MARKET, BY REGION, 2021–2026 (USD MILLION)
             TABLE 98 IO-LINK MARKET, BY REGION, 2017–2020 (MILLION UNITS)
             TABLE 99 IO-LINK MARKET, BY REGION, 2021–2026 (MILLION UNITS)
     10.2 NORTH AMERICA
             FIGURE 50 SNAPSHOT OF IO-LINK MARKET IN NORTH AMERICA
             TABLE 100 IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2017–2020 (USD MILLION)
             TABLE 101 IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2021–2026 (USD MILLION)
             TABLE 102 IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2017–2020 (MILLION UNITS)
             TABLE 103 IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2021–2026 (MILLION UNITS)
             TABLE 104 IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 105 IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 106 IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (THOUSAND UNITS)
             TABLE 107 IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
             TABLE 108 IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 109 IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 110 IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (THOUSAND UNITS)
             TABLE 111 IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (THOUSAND UNITS)
             TABLE 112 IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 113 IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 114 IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (MILLION UNITS)
             TABLE 115 IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (MILLION UNITS)
             10.2.1 US
                        10.2.1.1 Petroleum industry in US offers lucrative growth opportunities for IO-Link market
             10.2.2 CANADA
                        10.2.2.1 Growth in manufacturing sector of Canada to drive adoption of IO-Link
             10.2.3 MEXICO
                        10.2.3.1 Continuous developments in manufacturing industry to boost demand for IO-Link solutions in Mexico
     10.3 EUROPE
             FIGURE 51 SNAPSHOT OF IO-LINK MARKET IN EUROPE
             TABLE 116 IO-LINK MARKET IN EUROPE, BY COMPONENT, 2017–2020 (USD MILLION)
             TABLE 117 IO-LINK MARKET IN EUROPE, BY COMPONENT, 2021–2026 (USD MILLION)
             TABLE 118 IO-LINK MARKET IN EUROPE, BY COMPONENT, 2017–2020 (MILLION UNITS)
             TABLE 119 IO-LINK MARKET IN EUROPE, BY COMPONENT, 2021–2026 (MILLION UNITS)
             TABLE 120 IO-LINK MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 121 IO-LINK MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 122 IO-LINK MARKET IN EUROPE, BY APPLICATION, 2017–2020 (MILLION UNITS)
             TABLE 123 IO-LINK MARKET IN EUROPE, BY APPLICATION, 2021–2026 (MILLION UNITS)
             TABLE 124 IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 125 IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 126 IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (MILLION UNITS)
             TABLE 127 IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (MILLION UNITS)
             TABLE 128 IO-LINK MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 129 IO-LINK MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 130 IO-LINK MARKET IN EUROPE, BY COUNTRY, 2017–2020 (THOUSAND UNITS)
             TABLE 131 IO-LINK MARKET IN EUROPE, BY COUNTRY, 2021–2026 (THOUSAND UNITS)
             10.3.1 GERMANY
                        10.3.1.1 Growing adoption of robotics and automation products is expected to boost demand for IO-Link during forecast period
             10.3.2 UK
                        10.3.2.1 Increased adoption of IO-Link by aerospace sector in UK is expected to drive IO-Link market
             10.3.3 FRANCE
                        10.3.3.1 Automotive industry of France is expected to drive IO-Link market
             10.3.4 ITALY
                        10.3.4.1 IO-Link is used to facilitate communication between connected devices in Italy’s robots industry
             10.3.5 REST OF EUROPE (ROE)
     10.4 APAC
             FIGURE 52 SNAPSHOT OF IO-LINK MARKET IN APAC
             TABLE 132 IO-LINK MARKET IN APAC, BY COMPONENT, 2017–2020 (USD MILLION)
             TABLE 133 IO-LINK MARKET IN APAC, BY COMPONENT, 2021–2026 (USD MILLION)
             TABLE 134 IO-LINK MARKET IN APAC, BY COMPONENT, 2017–2020 (MILLION UNITS)
             TABLE 135 IO-LINK MARKET IN APAC, BY COMPONENT, 2021–2026 (MILLION UNITS)
             FIGURE 53 PACKAGING AUTOMATION SOLUTIONS TO WITNESS HIGHEST GROWTH IN IO-LINK MARKET IN APAC DURING FORECAST PERIOD
             TABLE 136 IO-LINK MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 137 IO-LINK MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 138 IO-LINK MARKET IN APAC, BY APPLICATION, 2017–2020 (MILLION UNITS)
             TABLE 139 IO-LINK MARKET IN APAC, BY APPLICATION, 2021–2026 (MILLION UNITS)
             TABLE 140 IO-LINK MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 141 IO-LINK MARKET IN APAC, BY INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 142 IO-LINK MARKET IN APAC, BY INDUSTRY, 2017–2020 (MILLION UNITS)
             TABLE 143 IO-LINK MARKET IN APAC, BY INDUSTRY, 2021–2026 (MILLION UNITS)
             FIGURE 54 CHINA TO DOMINATE IO-LINK MARKET DURING FORECAST PERIOD
             TABLE 144 IO-LINK MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 145 IO-LINK MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 146 IO-LINK MARKET IN APAC, BY COUNTRY, 2017–2020 (MILLION UNITS)
             TABLE 147 IO-LINK MARKET IN APAC, BY COUNTRY, 2021–2026 (MILLION UNITS)
             10.4.1 CHINA
                        10.4.1.1 Growing automation in manufacturing industry in China to drive IO-Link market during forecast period
             10.4.2 JAPAN
                        10.4.2.1 Automotive industry in Japan to propel IO-Link market growth
             10.4.3 SOUTH KOREA
                        10.4.3.1 Growing electronics industry in South Korea to boost IO-Link market growth in near future
             10.4.4 REST OF APAC
     10.5 ROW
             TABLE 148 IO-LINK MARKET IN ROW, BY COMPONENT, 2017–2020 (USD MILLION)
             TABLE 149 IO-LINK MARKET IN ROW, BY COMPONENT, 2021–2026 (USD MILLION)
             TABLE 150 IO-LINK MARKET IN ROW, BY COMPONENT, 2017–2020 (MILLION UNITS)
             TABLE 151 IO-LINK MARKET IN ROW, BY COMPONENT, 2021–2026 (MILLION UNITS)
             TABLE 152 IO-LINK MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 153 IO-LINK MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 154 IO-LINK MARKET IN ROW, BY APPLICATION, 2017–2020 (THOUSAND UNITS)
             TABLE 155 IO-LINK MARKET IN ROW, BY APPLICATION, 2021–2026 (THOUSAND UNITS)
             TABLE 156 IO-LINK MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 157 IO-LINK MARKET IN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 158 IO-LINK MARKET IN ROW, BY INDUSTRY, 2017–2020 (MILLION UNITS)
             TABLE 159 IO-LINK MARKET IN ROW, BY INDUSTRY, 2021–2026 (MILLION UNITS)
             TABLE 160 IO-LINK MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 161 IO-LINK MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             TABLE 162 IO-LINK MARKET IN ROW, BY REGION, 2017–2020 (MILLION UNITS)
             TABLE 163 IO-LINK MARKET IN ROW, BY REGION, 2021–2026 (MILLION UNITS)
             10.5.1 MIDDLE EAST AND AFRICA (MEA)
                        10.5.1.1 Growing automation in oil & gas industry to propel demand for IO-Link
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Mining industry in South America to drive IO-Link market

11 COMPETITIVE LANDSCAPE (Page No. - 166)
     11.1 INTRODUCTION
     11.2 STRATEGIES OF KEY PLAYERS
             TABLE 164 OVERVIEW OF STRATEGIES DEPLOYED BY KEY IO-LINK COMPANIES
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     11.3 FIVE-YEAR REVENUE ANALYSIS OF TOP COMPANIES
             FIGURE 55 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN IO-LINK MARKET
     11.4 MARKET SHARE ANALYSIS: IO-LINK MARKET, 2020
             TABLE 165 IO-LINK MARKET: MARKET SHARE ANALYSIS (2020)
     11.5 MARKET EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 PERVASIVE
             11.5.3 EMERGING LEADER
             11.5.4 PARTICIPANT
                        FIGURE 56 COMPANY EVALUATION QUADRANT, 2020
             11.5.5 COMPANY FOOTPRINT
                        FIGURE 57 STRENGTH OF PRODUCT FOOTPRINT
                        TABLE 166 INDUSTRY FOOTPRINT OF COMPANIES
                        TABLE 167 APPLICATION FOOTPRINT OF COMPANIES
                        TABLE 168 REGIONAL FOOTPRINT OF COMPANIES
                        TABLE 169 COMPANY FOOTPRINT
     11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
             TABLE 170 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN IO-LINK MARKET
             11.6.1 PROGRESSIVE COMPANY
             11.6.2 RESPONSIVE COMPANY
             11.6.3 DYNAMIC COMPANY
             11.6.4 STARTING BLOCK
                        FIGURE 58 STARTUP/SME EVALUATION MATRIX, 2020
     11.7 COMPETITIVE SITUATIONS AND TRENDS
             FIGURE 59 IO-LINK MARKET WITNESSED SIGNIFICANT DEVELOPMENTS BETWEEN APRIL 2018 AND MARCH 2021
             11.7.1 PRODUCT LAUNCHES
                        TABLE 171 PRODUCT LAUNCHES (APRIL 2018–MARCH 2021)
             11.7.2 DEALS
                        TABLE 172 DEALS (APRIL 2018–MARCH 2021)

12 COMPANY PROFILES (Page No. - 184)
     12.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, COVID-19 related developments, MNM view)* 
             12.1.1 SIEMENS
                        TABLE 173 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 60 SIEMENS: COMPANY SNAPSHOT
             12.1.2 HANS TURCK GMBH & CO. KG
                        TABLE 174 HANS TURCK GMBH & CO. KG: BUSINESS OVERVIEW
             12.1.3 BALLUFF GMBH
                        TABLE 175 BALLUFF: BUSINESS OVERVIEW
             12.1.4 IFM ELECTRONIC GMBH
                        TABLE 176 IFM ELECTRONIC GMBH: BUSINESS OVERVIEW
             12.1.5 SICK AG
                        TABLE 177 SICK AG: BUSINESS OVERVIEW
                        FIGURE 61 SICK AG: COMPANY SNAPSHOT
             12.1.6 ROCKWELL AUTOMATION, INC.
                        TABLE 178 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW
                        FIGURE 62 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
             12.1.7 OMRON CORPORATION
                        TABLE 179 OMRON: BUSINESS OVERVIEW
                        FIGURE 63 OMRON: COMPANY SNAPSHOT
             12.1.8 PEPPERL+FUCHS
                        TABLE 180 PEPPERL+FUCHS: BUSINESS OVERVIEW
             12.1.9 FESTO SE & CO. KG
                        TABLE 181 FESTO SE & CO. KG COMPANY: BUSINESS OVERVIEW
             12.1.10 SMC CORPORATION
                        TABLE 182 SMC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 64 SMC CORPORATION: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, COVID-19 related developments, MNM view might not be captured in case of unlisted companies.

12 COMPANY PROFILES (Page No. - 184)
     12.2 OTHER PLAYERS
             12.2.1 BOSCH REXROTH AG
             12.2.2 BAUMER
             12.2.3 BELDEN INC.
             12.2.4 BECKHOFF AUTOMATION GMBH & CO. KG
             12.2.5 BANNER ENGINEERING CORP.
             12.2.6 WEIDMάLLER INTERFACE GMBH & CO. KG
             12.2.7 PHOENIX CONTACT GMBH & CO. KG
             12.2.8 WENGLOR SENSORIC GMBH
             12.2.9 CARLO GAVAZZI HOLDING AG
             12.2.10 DATALOGIC S.P.A.
             12.2.11 BIHL+WIEDEMANN GMBH
             12.2.12 MURRELEKTRONIK GMBH
             12.2.13 JUMO GMBH & CO. KG
             12.2.14 CORETIGO

13 APPENDIX (Page No. - 241)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the IO-Link market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases. Data has also been collected from secondary sources such as UK Competitive Telecommunications Association (UK), ASTM International (US), European Research Council (Belgium), World Trade Organization (Switzerland), The International Trade Centre (ITC) (Switzerland), and United States Telecom Association (US).

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the IO-Link market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

IO-Link Market   Size, and Share

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

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the IO-Link market.

  • Identifying various IO-Link products
  • Analyzing the penetration of each product through secondary and primary research
  • Analyzing the penetration of IO-Link in different industries and applications through secondary and primary research
  • Conducting multiple discussions with key opinion leaders to understand the detailed working of IO-Link and their implementation in multiple industries and applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with the domain experts at MarketsandMarkets’
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

IO-Link Market   Size, Bottom-Up Approach

The top-down approach has been used to estimate and validate the total size of the IO-Link market.

  • Focusing initially on the R&D investments and expenditures being made in the ecosystem of the IO-Link market; further splitting the market on the basis of industry, application, and region, and listing the key developments
  • Identifying the leading players in the IO-Link market through secondary research and verifying them through brief discussions with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications served by all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with industry experts to validate the information and identify key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

IO-Link Market   Size, Top Down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the IO-Link market.

Report Objectives

  • To describe and forecast the global IO-Link market, by type, component, industry, application, and region, in terms of value and volume
  • To describe and forecast the market for four key regions —North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)--in terms of value and volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and industryspecific challenges influencing the growth of the market
  • To provide a detailed overview of the supply chain of the IO-Link ecosystem, along with the average selling price of IO-Link
  • To strategically analyze the ecosystem, tariff and regulations, patent landscape, trade landscape, and case studies pertaining to the market
  • To describe in detail the impact of COVID-19 on the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players, comprehensively analyze their position in the market in terms of their ranking and core competencies2, and provide the competitive landscape of the market
  • To analyze competitive developments, such as product launches, collaborations, joint ventures, acquisitions, expansions, and partnerships, in the market

Available customizations:

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

  • Detailed analysis and profiling of additional market players based on various blocks of the IO-Link supply chain
COVID-19

Get in-depth analysis of the COVID-19 impact on the IO-Link Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the IO-Link Market

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