Press release
IO-Link Market Outlook to 2027 by key players- Siemens AG, Balluff GmbH, ifm electronic, SICK AG, Rockwell Automation, Festo AG & Co. KG., OMRON Corporation
The growing focus on optimizing resources, increasing efficiency and reducing production costs, growth in digital industrial technology, government initiatives towards the adoption of industrial automation are the significant factors driving the growth of the market. Moreover, availability of cloud interface in IO-Link and launch of IO-link safety specification in 2017 is expected to provide significant opportunities for the IO-link market in the forecast period. However, lack of standardization and the usage limitations of IO-link's in high-speed applications is anticipated to hamper the growth of the IO-link market.
Some of the key players influencing the IO-link market are Siemens AG, Balluff GmbH, ifm electronic gmbh, SICK AG, Rockwell Automation Inc., Festo AG & Co. KG., OMRON Corporation, Banner Engineering Corporation, Hans Turck GmbH & Co. KG, and Datalogic S.p.A. among others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global IO-link market based on the component, application, and industry. It also provides market size and forecast till 2027 for overall IO-link market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
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Table of Contents
1. Introduction
2. Key Takeaways
3. IO-Link Market Landscape
4. Market - Key Industry Dynamics
5. IO-Link Market Analysis- Global Analysis
6. IO-Link Market Revenue And Forecasts To 2027 β Component
7. Market Revenue And Forecasts To 2027 - Application
8. Market Revenue And Forecasts To 2027 - Industry
9. Market Revenue And Forecasts To 2027 β Geographical Analysis
10. Market Revenue And Forecasts To 2027 - Industry Landscape
11. Competitive Landscape
12. IO-Link Market, Key Company Profiles
13. Appendix
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