IO-link Market Size, Overview with Detailed Analysis, Competitive landscape, Forecast to 2026

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IO-Link Market  Forecast (2021 - 2026)Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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IO-Link Market Overview 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.
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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 Drivers Increasing adoption of
automation across industries is one of the major
drivers for IO-Link, triggering the growth for
this technology. Integration of automation system
across industries offers greater efficiency,
higher reliability, enhanced asset management,
production boost, better process speed and cost
effectiveness, which is accelerating the amount
of investments made by organizations to remain
productive.
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• IO-Link Market- Competitive Landscape 
• 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 (2022 - 2027) Learn
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• Data Tables
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