Global IO-link Market was valued at USD 7.80 billion in 2021 and is expected to reach USD 89.95 billion by 2029, registering a CAGR of 35.75% during the forecast period of 2022-2029.
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IO-link helps in efficiently optimizing industrial automated processes and operations. It also provides a technological base for the improvement of sensors and actuators capable of producing and devouring enriched sets of data.
IO-link has gained immense relevance among businesses as it standardize and decline wiring, enhances data availability, and offers remote configuration and monitoring, among others. This technology is considered highly ideal in applications that generally experience frequent changeover, and are impacted by unplanned downtime.
Market Scope and Size:
The IO-link market is segmented on the basis of component, application and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
• IO-Link Masters
• IO-Link Devices
• Sensor Nodes
• Actuators and Radio-Frequency Identification (RFID) Read Heads
• Machine Tool
• Handling and Assembly Automation
• Aerospace and Defense
• Semiconductor and Electronics
• Machine Manufacturing and Packaging
Country Level Analysis:
The countries covered in the IO-link market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Some of the major players operating in the IO-link market are
• Siemens (Germany)
• Balluff Automation India Pvt. Ltd. (India)
• ifm electronic gmbh (Germany)
• SICK AG (Germany)
• Murrelektronik GmbH (Germany)
• Rockwell Automation Inc. (US)
• wenglor sensoric GmbH (India)
• OMRON Corporation (Japan)
• Banner Engineering Corp. (US)
• Emerson Electric Co. (US)
• Hans Turck GmbH & Co. KG (Germany)
• Pepperl+Fuchs Comtrol, Inc. (Germany)
• B&R (Austria)
• Datalogic S.p.A. (Italy)
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TABLE OF CONTENTS:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-io-link-market
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