IO-link Market

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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.

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• By Distribution Channel- Segment Analysis
• IO-link Market is segmented into process
  industry, discrete industry and hybrid industry.
  Hybrid industry is sub-segmented into
  pharmaceutical, metal mining, food beverage,
  cement and glass and other industries.
  Pharmaceutical industry is the fastest growing
  segment in IO-link market and estimated to grow
  at a CAGR of 19.06 during forecast period
  2021-2026, specifically due to the increasing
  investment in this sector.

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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
• PepperlFuchs SE
• Schneider Electric
• General Electric

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IO-Link Market - Forecast(2021 - 2026) Learn
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.com/Research/IO-Link-Market-Research-505485
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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