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Synopsis
IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations. An IO-Link system consists of an IO-Link master and one or more IO-Link devices, i.e. Sensors or Actuators. The IO-Link master provides the interface to the higher-level controller (PLC) and controls the communication with the connected IO-Link devices.
The global IO-Link market was valued at US$ 2530 million in 2023 and is anticipated to reach US$ 5824.7 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.
Global IO-Link key players include SICK, Siemens, Murrelektronik, ifm Electronic, Beckhoff, etc. Global top five manufacturers hold a share about 23%. Europe is the largest market, with a share about 36%, followed by North America and Asia Pacific, both have a share about 51 percent. In terms of product, IO-Link Master is the largest segment, with a share over 40%. And in terms of application, the largest application is Machine Tool & Assembly Line, followed by Intralogistics, etc.
This report aims to provide a comprehensive presentation of the global market for IO-Link, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IO-Link.
Report Scope
The IO-Link market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IO-Link market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IO-Link companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company (Partial List)
- SICK
- Siemens
- Murrelektronik
- ifm Electronic
- Rockwel Automation
- Beckhoff
- Baumer Group
- Turck
- WAGO
- Belden
- Bosch Rexforth
- Pepperl+Fuchs
- Balluff
- Wenglor
- Weidmüller
- Omron
Segment by Type
- IO-Link Master
- IO-Link Sensor
- Others
Segment by Application
- Machine Tool & Assembly Line
- Intralogistics
- Packaging
- Others
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IO-Link companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IO-Link Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 IO-Link Master
1.2.3 IO-Link Sensor
1.2.4 Others
1.3 Market by Application
1.3.1 Global IO-Link Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Machine Tool & Assembly Line
1.3.3 Intralogistics
1.3.4 Packaging
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global IO-Link Market Perspective (2019-2030)
2.2 IO-Link Growth Trends by Region
2.2.1 Global IO-Link Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 IO-Link Historic Market Size by Region (2019-2024)
2.2.3 IO-Link Forecasted Market Size by Region (2025-2030)
2.3 IO-Link Market Dynamics
2.3.1 IO-Link Industry Trends
2.3.2 IO-Link Market Drivers
2.3.3 IO-Link Market Challenges
2.3.4 IO-Link Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top IO-Link Players by Revenue
3.1.1 Global Top IO-Link Players by Revenue (2019-2024)
3.1.2 Global IO-Link Revenue Market Share by Players (2019-2024)
3.2 Global IO-Link Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by IO-Link Revenue
3.4 Global IO-Link Market Concentration Ratio
3.4.1 Global IO-Link Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IO-Link Revenue in 2023
3.5 IO-Link Key Players Head office and Area Served
3.6 Key Players IO-Link Product Solution and Service
3.7 Date of Enter into IO-Link Market
3.8 Mergers & Acquisitions, Expansion Plans
4 IO-Link Breakdown Data by Type
4.1 Global IO-Link Historic Market Size by Type (2019-2024)
4.2 Global IO-Link Forecasted Market Size by Type (2025-2030)
5 IO-Link Breakdown Data by Application
5.1 Global IO-Link Historic Market Size by Application (2019-2024)
5.2 Global IO-Link Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America IO-Link Market Size (2019-2030)
6.2 North America IO-Link Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America IO-Link Market Size by Country (2019-2024)
6.4 North America IO-Link Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe IO-Link Market Size (2019-2030)
7.2 Europe IO-Link Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe IO-Link Market Size by Country (2019-2024)
7.4 Europe IO-Link Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific IO-Link Market Size (2019-2030)
8.2 Asia-Pacific IO-Link Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific IO-Link Market Size by Region (2019-2024)
8.4 Asia-Pacific IO-Link Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America IO-Link Market Size (2019-2030)
9.2 Latin America IO-Link Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America IO-Link Market Size by Country (2019-2024)
9.4 Latin America IO-Link Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IO-Link Market Size (2019-2030)
10.2 Middle East & Africa IO-Link Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa IO-Link Market Size by Country (2019-2024)
10.4 Middle East & Africa IO-Link Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 SICK
11.1.1 SICK Company Detail
11.1.2 SICK Business Overview
11.1.3 SICK IO-Link Introduction
11.1.4 SICK Revenue in IO-Link Business (2019-2024)
11.1.5 SICK Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens IO-Link Introduction
11.2.4 Siemens Revenue in IO-Link Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 Murrelektronik
11.3.1 Murrelektronik Company Detail
11.3.2 Murrelektronik Business Overview
11.3.3 Murrelektronik IO-Link Introduction
11.3.4 Murrelektronik Revenue in IO-Link Business (2019-2024)
11.3.5 Murrelektronik Recent Development
11.4 ifm Electronic
11.4.1 ifm Electronic Company Detail
11.4.2 ifm Electronic Business Overview
11.4.3 ifm Electronic IO-Link Introduction
11.4.4 ifm Electronic Revenue in IO-Link Business (2019-2024)
11.4.5 ifm Electronic Recent Development
11.5 Rockwel Automation
11.5.1 Rockwel Automation Company Detail
11.5.2 Rockwel Automation Business Overview
11.5.3 Rockwel Automation IO-Link Introduction
11.5.4 Rockwel Automation Revenue in IO-Link Business (2019-2024)
11.5.5 Rockwel Automation Recent Development
11.6 Beckhoff
11.6.1 Beckhoff Company Detail
11.6.2 Beckhoff Business Overview
11.6.3 Beckhoff IO-Link Introduction
11.6.4 Beckhoff Revenue in IO-Link Business (2019-2024)
11.6.5 Beckhoff Recent Development
11.7 Baumer Group
11.7.1 Baumer Group Company Detail
11.7.2 Baumer Group Business Overview
11.7.3 Baumer Group IO-Link Introduction
11.7.4 Baumer Group Revenue in IO-Link Business (2019-2024)
11.7.5 Baumer Group Recent Development
11.8 Turck
11.8.1 Turck Company Detail
11.8.2 Turck Business Overview
11.8.3 Turck IO-Link Introduction
11.8.4 Turck Revenue in IO-Link Business (2019-2024)
11.8.5 Turck Recent Development
11.9 WAGO
11.9.1 WAGO Company Detail
11.9.2 WAGO Business Overview
11.9.3 WAGO IO-Link Introduction
11.9.4 WAGO Revenue in IO-Link Business (2019-2024)
11.9.5 WAGO Recent Development
11.10 Belden
11.10.1 Belden Company Detail
11.10.2 Belden Business Overview
11.10.3 Belden IO-Link Introduction
11.10.4 Belden Revenue in IO-Link Business (2019-2024)
11.10.5 Belden Recent Development
11.11 Bosch Rexforth
11.11.1 Bosch Rexforth Company Detail
11.11.2 Bosch Rexforth Business Overview
11.11.3 Bosch Rexforth IO-Link Introduction
11.11.4 Bosch Rexforth Revenue in IO-Link Business (2019-2024)
11.11.5 Bosch Rexforth Recent Development
11.12 Pepperl+Fuchs
11.12.1 Pepperl+Fuchs Company Detail
11.12.2 Pepperl+Fuchs Business Overview
11.12.3 Pepperl+Fuchs IO-Link Introduction
11.12.4 Pepperl+Fuchs Revenue in IO-Link Business (2019-2024)
11.12.5 Pepperl+Fuchs Recent Development
11.13 Balluff
11.13.1 Balluff Company Detail
11.13.2 Balluff Business Overview
11.13.3 Balluff IO-Link Introduction
11.13.4 Balluff Revenue in IO-Link Business (2019-2024)
11.13.5 Balluff Recent Development
11.14 Wenglor
11.14.1 Wenglor Company Detail
11.14.2 Wenglor Business Overview
11.14.3 Wenglor IO-Link Introduction
11.14.4 Wenglor Revenue in IO-Link Business (2019-2024)
11.14.5 Wenglor Recent Development
11.15 Weidmüller
11.15.1 Weidmüller Company Detail
11.15.2 Weidmüller Business Overview
11.15.3 Weidmüller IO-Link Introduction
11.15.4 Weidmüller Revenue in IO-Link Business (2019-2024)
11.15.5 Weidmüller Recent Development
11.16 Omron
11.16.1 Omron Company Detail
11.16.2 Omron Business Overview
11.16.3 Omron IO-Link Introduction
11.16.4 Omron Revenue in IO-Link Business (2019-2024)
11.16.5 Omron Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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