Press release
Io Link Gateway Market Share to Witness Steady Rise in the Coming Decade
I/O link gateway facilitates cross-communication between various components on an I/O electrical circuit, such as I/O hubs, I/O links, smart sensors and actuators. I/O link gateway is a standardized I/O technology that accommodates communication on a global scale. I/O link gateway is a powerful point-to-point (P2P) communication standard and is based on long distance establishments of actuator connections and standard 3-wire sensors. I/O link gateway is a result of continuous R&D in existing as well as futuristic telecommunication technology arenas. Smart sensors and actuators are made to actively participate in an end-to-end I/O link gateway integrated automation network. Thus, I/O link gateway integrates smart sensors and actuators by connecting I/O link-enabled devices with an I/O link master module. Users can directly deliver information from sensors and actuators to a control system using I/O link gateway.
The significance of I/O link gateway is to enhance field-level device communication technologies via a standardized network interface. The information is usually transmitted from a master I/O device in an I/O link gateway to a Programmable Logic Controller (PLC) or an industrial computer via a high-end field bus telecommunication protocol. Integrating PLC or other easy-to-use software-based configuration tools enables engineers to store, view and modify parameter data and configuration of an I/O link gateway.
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Global I/O Link Gateway Market: Dynamics
Simplification of telecommunication standards, reduction in down time and efficiency enhancements are the major factors that are expected to motivate enterprises and industries to procure the I/O link gateway technology during the forecast period. I/O link gateway devices feature an I/O Device Description (IODD). The IODD file contains manufacturer, functionality and article number related data. This information facilitates easy handling and maintenance of the integrated I/O link-enabled devices, which is another factor driving the growth of the global I/O link gateway market. Advanced features showcased by the I/O link gateway technology, such as device verification, sensor diagnostics, acyclic read/write parameter access, application-specific tags, and parameter storage, are also expected to contribute to the growth of the I/O link gateway market on a global scale.
However, industries and enterprises incur heavy expenses while procuring analog systems. Such analog systems demand regular maintenance and upgrades. The high installation and maintenance expenditures are estimated to restrict the growth of the global I/O link gateway market during the forecast period. Complicated device integration is another factor challenging the growth of the global I/O link gateway market.
Global I/O Link Gateway Market: Segmentation
By use, the global I/O link gateway market can be segmented into the following,
• Handling Assembly Automation
• Intralogistics
• Machine Tools
• Packaging
By application, the global I/O link gateway market can be segmented into the following,
• Automotive
• Medical
• Semiconductor and Electronics
• Other Applications
Global I/O Link Gateway Market: Regional Outlook
Accelerated growth in the manufacturing sector in Asia Pacific economies, such as India, Japan, South Korea and China, is estimated to propel the growth of the I/O link gateway market in the region. China, being a manufacturing hub for semiconductor and automation component manufacturers, is expected to hold the largest market share of the Asia Pacific I/O link gateway market by the end of the forecast period. Rapid growth in the industrial automation sector in North America is anticipated to create new opportunities in the I/O link gateway market during the forecast period. Significant adoption rate registered by the I/O link gateway market in Western Europe is anticipated to enable the regional market to hold a strong market share throughout the forecast period.
Global I/O Link Gateway Market: Key Players
Few of the key participants operating in the global I/O link gateway market include, Banner Engineering; Balluff GmbH; ifm electronic FZC; Datalogic S.p.A.; Siemens AG; SICK AG; Pepperl+Fuchs; Festo AG & Co. KG.; OMRON Corporation; Leuze electronic GmbH + Co. KG; Hans TURCK GmbH Co. KG; and Rockwell Automation, Inc., among others.
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