Press release
Global I/O Modules Market In Process Industries to grow at a CAGR of 4.68% during 2016-2020
About I/O Modules in Process IndustriesAn I/O module acts as a mediator between the controller (PLC, DCS, and industrial PC) and an I/O device. It controls the information exchange between the peripheral devices. The physical media by which an I/O module is connected varies by application and bus/network.
Technavios analysts forecast the global I/O modules in process industries market to grow at a CAGR of 4.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global I/O modules in process industries market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and aftermarket services of I/O modules in automotive, electronics and semiconductor manufacturing, industrial machinery manufacturing, and aerospace and defense industries.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global I/O Modules in Process Industries Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
Rockwell Automation
Siemens
Emerson Electric
Market driver
Reduction in prices of raw materials
For a full, detailed list, view our report
Market challenge
Security concerns due to insecure I/O connections
For a full, detailed list, view our report
Market trend
Increased adoption of Ethernet-based I/O control network interface
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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