IO-Link Sensors Market 2021 Global Size Analysis, Strategies, Opportunities and Future Trends - Balluff, Siemens, Omron, WAGO, Ifm Electronic, Murrelektronik

The report provides a detailed assessment of the global IO-Link Sensors Market including enable technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmaps, value chains, ecosystem player profiles, and strategies included. The report also presents a SWOT analysis and forecast for IO-Link Sensors investments from 2021 to 2027. It also presents a futuristic growth outlook of the IO-Link Sensors Market in a pre- and post-COVID-19 scenario.

The Global IO-Link Sensors Market size is projected to reach USD 26.2 billion by 2027from an estimated USD 9.7 billion in 2021, at a CAGR of 25.9% from 2021 to 2027.

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Global IO-Link Sensors includes Market Analysis Report Top Companies are: Balluff, Siemens, Omron, WAGO, Ifm Electronic, Rockwell Automation, SICK, Turck, Weidmüller, Datalogic, MESCO, Wenglor, Bosch Rexforth, Banner Engineering, Baumer Group, Carlo Gavazzi, Pepperl+Fuchs,, and Others.

Industry News and Update:

In March 2021, Balluff GmbH launched the sensors are self-monitoring, providing internal environmental data in real time, including temperature monitoring, relative humidity, inclination detection, and vibration monitoring. The sensor’s signal quality is displayed on LEDs on the sensor, and operating hours and time functions are available using IO-Link.

In February 2021, Siemens, the company expanded its portfolio of the SIMATIC RF300 HF-RFID family to include the SIMATIC RF360R reader, which combines the functions of a communication module and a reader in a single device. The device supports space-saving and cost-efficient installation in all types of industrial application and offers an operating distance of up to 140 millimeters. It is ideal for use in harsh industrial environments at an operating temperature from 0 to +55° Celsius.

In February 2021, Rockwell Automation, Inc. the GuardShield 450L light curtain with Common Industrial Protocol (CIP) Safety over EtherNet/IP plug-in protects personnel from injuries related to hazardous machine motion. The CIP Safety plug-in gives users more access to diagnostic data to improve productivity and flexibility.

This report segments the global IO-Link Sensors Market on the basis of Types are:

Inductive Sensors

Capacitive Sensors

Photoelectric Sensors

Others

On the basis of Application, the Global IO-Link Sensors Market is segmented into:

Industrial Automation

Food and Beverage Industry

Automotive Industry

Others

Regional Analysis for IO-Link Sensors Market:

- North America (The United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of the IO-Link Sensors Market
- Changes in industry market dynamics
- Detailed market segmentation by type, application, etc.
- Historical, current and projected market size in terms of quantity and value
- Recent industry trends and developments
- Competition situation of IO-Link Sensors Market
- Key companies and product strategies
- Potential niche segment/region showing promising growth.

Finally, the IO-Link Sensors Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

Research Methodology:
The IO-Link Sensors Market Report includes estimates of market value (million USD) and volume (M Sqm). Top-down and bottom-up approaches are used to estimate and validate the market size of the IO-Link Sensors Market and the size of various other sub-markets of the market as a whole.

The key players in the market have been identified through secondary research, and market share has been determined through primary and secondary research. Percentage splits and breakdowns are all determined using secondary and validated primary sources.

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