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IO-Link Global Market Report 2025: Global Market Trends, Future Growth, and Key Players

01-24-2025 10:40 AM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

IO-Link Global Market Report 2025

IO-Link Global Market Report 2025

The IO-Link global market is projected to see tremendous growth in the coming years, driven by technological advancements, industrial automation, and the rising trend of data integration.

What Is The Projected Market Size Of The Global IO-Link Global Market Report 2025 And Its Growth Rate?
• The IO-link market size was $13.13 billion in 2024 and is expected to grow to $16.65 billion in 2025, registering a compound annual growth rate (CAGR) of 26.8%.
• The IO-link market is projected to witness exponential growth in the coming years, reaching $39.63 billion in 2029 at a compound annual growth rate (CAGR) of 24.2%.
• Factors contributing to this growth include industry 4.0 implementation, heightened demand for condition monitoring, integration with IIoT platforms, and a greater focus on energy efficiency.

What Is Driving The Growth In The IO-Link Global Market Report 2025?
The surge in the penetration of the Internet of Things (IoT) is anticipated to bolster the growth of the IO-Link market. IoT embraces the concept of interconnected devices communicating over a network without the need for human-to-human or human-to-computer interaction. IO-Link enables real-time communication, remote configuration, and diagnostics of sensors and actuators using IoT technology. According to the State of IoT-Spring 2022 report by IoT Analytics, the global IoT connections increased by 8%, and it predicts about 27 billion linked IoT devices by 2025. Therefore, this increased penetration of IoT is a key driver of the IO-Link market.

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Who Are the Key Players Driving IO-Link Global Market Report 2025 Growth?
• Siemens AG
• Balluff GmbH
• ifm electronic GmbH
• SICK AG
• Rockwell Automation Inc.
• Omron Corporation
• PepperlFuchs GmbH
• Banner Engineering Corp.
• Emerson Electric Co
• Datalogic S.p.A.
• Beckhoff Automation GmbH And Co KG
• Baumer Holding AG
• Bosch Rexroth AG
• Weidmüller Interface GmbH And Co KG
• Comtrol Corporation
• Phoenix Contact GmbH & Co KG
• WAGO Kontakttechnik GmbH & Co KG
• Turck duotec GmbH
• Wenglor Sensoric GmbH
• NXP Semiconductors N.V.
• Murrelektronik GmbH
• Festo AG & Co KG
• SMC Corporation
• Leuze electronic GmbH Co KG
• ABB Ltd
• Advantech Co Ltd.
• BihlWiedemann GmbH
• Carlo Gavazzi S.p.A.
• Elobau Sensor Technology GmbH
• Euchner GmbH Co KG

What Are The Key Trends In The IO-Link Global Market Report 2025?
• Integration with PLCs (Programmable Logic Controllers)
• Offering flexible and scalable solutions
• A shift toward energy efficiency and cost savings
• Expanding cross-industry applications
• Integration of cybersecurity measures

What Are The Segments Of The Global IO-Link Global Market Report 2025?
• By Component: IO-link Master, IO-link Devices, Sensor Nodes, Modules, Actuators, RFID Read Heads, Other Components
• By Application: Machine Tool, Handling And Assembly Automation, Packaging, Intralogistics
• By Industry Vertical: Oil And Gas, Energy And Power, Automotive, Aerospace And Defense, Pharmaceuticals, Food And Beverages, Chemicals, Other Industry Verticals

Which Region Leads The IO-Link Global Market Report 2025?
Europe was the largest regional market for IO-Link in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The IO-Link Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the IO-Link Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IO-Link Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IO-Link Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IO-Link Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model (GMM), a premier market intelligence platform, supports informed decision-making.

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