Press release
IO-Link Market 2019: In-depth Growth Predictions, Share, Size, Latest Developments Analysis, Regional Demand, and 2022 Forecast | Global Leaders: Siemens, Balluff, Ifm Electronic, SICK, Festo, Omron
IO-Link Market
Global IO-Link Market Overview:
According to market analysts, Global IO-Link Market is projected to grow at a high CAGR value from 2019 to 2022.
Sample Copy of “Global IO-Link Market” Report Available @ https://www.businessindustryreports.com/sample-request/123045 .
IO-Link is a short distance, bi-directional, digital, point-to-point, wired, industrial communications networking standard 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.
The IO-Link market is driven by the initiatives of governments across the world toward the adoption of industrial automation; high focus on increasing energy efficiency, optimizing resources, and reducing production costs; and rise of digital industrial technology Industry 4.0. Moreover, the release of IO-Link safety specification and availability of cloud interface in IO-Link are likely to create huge growth opportunities for players in the market.
The IO-Link Market is segmented based on Component (IO-Link Masters and IO-Link Devices), Industry (Discrete, Hybrid and Process), Application and Regions. By Industry segment, IO-Link market for discrete industries to register largest shipment due to the recent surge in the adoption of Ethernet communication protocol in automotive, medical devices, and semiconductor industries.
Regionally, Growing manufacturing sector in Asia-Pacific countries such as China, Japan, and South Korea is expected to contribute to the growth of the IO-Link market in this region during the forecast period. China is a global manufacturing hub for semiconductor and automotive manufacturers. Rapidly growing automotive industry in China is likely to create growth opportunities for the IO-Link market players in this country.
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Key Regions:
1 North America Country (United States, Canada
2 South America
3 Asia Country (China, Japan, India, Korea
4 Europe Country (Germany, UK, France, Italy
5 Other Country (Middle East, Africa, GCC
Top global key service provider companies covered in the study include:
1 Siemens
2 Balluff
3 Ifm Electronic
4 SICK
5 Rockwell Automation
6 Festo
7 Omron
8 Bosch Rexforth and More..
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Key Questions Answered in this Report:
1 How has the IO-Link market performed so far and how will it perform in the coming years?
2 What are the price trends of IO-Link?
3 What is the structure of the IO-Link industry and who are the key players?
4 Who are the key vendors in the global IO-Link market?
5 What are the latest market trends?
Table of Content:
1 IO-Link Definition
2 Global IO-Link Market Major Player Share and Market Overview
3 Major Player IO-Link Business Introduction
4 Global IO-Link Market Segmentation (Region Level
5 Global IO-Link Market Segmentation (Type Level
6 Global IO-Link Market Segmentation (Industry Level
7 Global IO-Link Market Segmentation (Channel Level
8 IO-Link Market Forecast 2019-2022
9 IO-Link Segmentation Type
10 IO-Link Segmentation Industry
11 IO-Link Cost Analysis
12 Conclusion
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