Press release
Global Intelligent Modules Market Will Hit At CAGR Of 6.19% During Years 2017-2021
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I/O modules are devices that connect field devices, such as drives, actuators, and sensors with controllers, such as PLC, DCS, and industrial PCs. Intelligent I/O modules are also called specialty I/O modules or functional I/O modules. These are defined as devices which have their own processors independent of the controller's processor and act as a connection between the peripherals and the controllers. These I/O modules are basically used in function-specific applications like speed control, humidity control, temperature control, and others. Process industries are expected to contribute more to the global I/O modules market with a share of nearly 80% by revenue. The major industries contributing to the global I/O modules market are power, water and wastewater, oil and gas, food and beverages, automotive, and pharmaceutical.
Technavios analysts forecast the global intelligent I/O modules market to grow at a CAGR of 6.19% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global intelligent I/O modules market for 2017-2021. To calculate the market size, the report considers the sales.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Intelligent I/O Modules Market 2017-2021, 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
Advantech Corporation
Bihl+Wiedemann
Rockwell Automation
Siemens
Other prominent vendors
Acromag
Beckhoff Automation
Eaton
Festo
GE
Mitsubishi Electric
OMRON
Turck Automation
WAGO
Yokogawa
Market driver
Reduction in prices of raw materials
For a full, detailed list, view our report
Market challenge
Security concerns due to vulnerable I/O connections
For a full, detailed list, view our report
Market trend
Wireless intelligent I/O modules with cloud connectivity
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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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