Allied Market Research published a report, titled, “IO-Link Market by Type (IO-Link Wired and IO-Link Wireless), Component (IO-Link Master and IO-Link Devices), Application (Machine Tool, Handling & Assembly Automation, Intralogistics, and Packaging), and Industry Vertical (Oil & Gas, Energy & Power, Automotive, Aerospace & Defense, Pharmaceuticals, Food & Beverages, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to a report, the global IO-link market size was valued at $6.10 billion in 2020, and is projected to reach $74.08 billion by 2030, registering a CAGR of 29.0%. Europe is expected to be the leading contributor to the global market during the forecast period, followed by Asia-Pacific and North America.
The report offers a detailed analysis of changing market trends, key segments, major investment pockets, competitive landscape, and investment feasibility.
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The research offers a detailed analysis of driving factors, restraining factors, and opportunities of the global IO-Link market. These insights are helpful in determining further strategies and tap on opportunities to achieve long-term growth. Market players, investors, and new entrants can avail these insights for unlocking the huge potential and achieve competitive edge.
Major Players in the IO-Link market:
The report provides an extensive analysis of top market players operating in the global IO-Link market size. The leading market players discussed in the report include Siemens (Germany), Hans Turck GmbH & Co. KG (Germany), Balluff GmbH (Germany), ifm electronic GmbH (Germany), SICK AG (Germany), Rockwell Automation, Inc. (U.S.), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Banner Engineering Corp (U.S.), and Emerson Electric Co. (U.S.).
They offer various strategies such as new product launches, partnerships, joint ventures, mergers and acquisitions, collaborations, expansion, and others to gain long-term growth and make an international presence.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the global IO-Link market trends along with the future estimations to depict the imminent investment pockets.
- The overall IO-Link market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current IO-Link market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the IO-Link market share of key vendors.
- The report includes the market trends and the market share of key vendors.
The report provides a detailed segmentation of the global IO-Link market share based on type, applications, end user, and region. An extensive analysis of each segment and sub-segment is offered in the report. These insights are represented in the tabular and graphical formats. These insights will offer valuable guidance in adopting various strategies to achieve growth and consolidate market position during the forecast period.
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IO-Link market: Regional Analysis
The research offers an extensive competitive landscape for the global IO-Link market for various regions and countries. Regions analyzed in the research include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The data and statistics regarding these regions and countries prove to be valuable in identifying strategies and exploring the potential. AMR also offers the customization services for a specific country, region, and segment as per the requirements.
COVID-19 Impact on IO-Link market:
The report provides the impact of the Covid-19 pandemic on the global IO-Link market growth. These insights are helpful in improvising strategies and reassessing business models to cope up with the pandemic. The major impact of the pandemic includes interruptions in manufacturing processes, disruptions in supply chain, and lack of availability of workforce. Investors and stakeholder can adapt their strategies by determining the investment feasibility as per the changing scenario.
Questions Answered in the IO-Link market Research Report
- Which are the leading players active in the IO-Link market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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Key Market Segments
- IO-link Wired
- IO-link Wireless
- IO-link Master
- IO-link Devices
- Sensor Nodes
- Position Sensor
- Temperature Sensor
- Pressure Sensor
- Vibration Sensor
- RFID Read Heads
- Sensor Nodes
- Machine Tool
- Handling & Assembly Automation
By Industry Vertical
- Oil & Gas
- Energy & Power
- Aerospace & Defense
- Food & Beverages
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Hans Turck GmbH & Co. KG
- Balluff GmbH
- ifm electronic GmbH
- SICK AG
- Rockwell Automation, Inc.
- Omron Corporation
- Banner Engineering Corp.
- Emerson Electric Co.
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Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.