IO-Link Market by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Masters, IO-Link Devices), Industry (Process Industries, Hybrid Industries), Application (Machine Tools, Intralogistics Solutions) and Region - Global Forecast to 2028
IO-Link Market by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Masters, IO-Link Devices), Industry (Process Industries, Hybrid Industries), Application (Machine Tools, Intralogistics Solutions) and Region - Global Forecast to 2028
Abstract
The IO-Link market is projected to reach USD 33.9 billion by 2028 from an estimated USD 13.6 billion in 2023, at a CAGR of 20.0% from 2023 to 2028. Ability to support all fieldbus protocols is driving the growth of the IO-Link market, whereas use of compact machines and use of basic sensors are restraining the growth of IO-Link market
IO-Link wireless segment is expected to grow at higher CAGR during forecast period
The IO-Link wireless segment is projected to register a higher CAGR during the forecast period. The performance, functionality, and capability of IO-Link wireless are comparable to wired IO-Link; however, the elimination of cables ensures more flexibility, greater robustness, and better scalability. The rising demand for the IO-Link wireless protocol and increasing adoption of smart manufacturing across industries are expected to create lucrative opportunities for the manufacturers of the IO-Link wireless solutions, which in turns, driving the growth of the segment in future.
IO-Link devices segment to register growth at higher CAGR
IO-Link devices can be integrated into any fieldbus or automation system and have auto-device replacement functionality. They can be connected using the same cost-effective standard unshielded 3-wire cables as conventional discrete I/O, which helps reduce complex wiring. In the manufacturing industry, there is a growing need for operational excellence. This leads to the demand for various industrial services, such as predictive maintenance, condition monitoring, and traceability, which are expected to spur the demand for IO-Link devices. All these factors are expected to drive the growth of the IO-Link devices segment during the forecast period.
Discrete industries segment is likely to grow at highest CAGR
The discrete industries segment is likely to grow at the highest CAGR during the forecast period. Discrete industries follow stringent protocols for their manufacturing operations and continuously focus on reducing operational costs. This leads them to adopt industrial automation and IoT technologies for their business operations. These industries also majorly focus on improving the operational efficiency of machines to meet the growing customer demands.
IO-Link can help reduce manufacturing costs, speed up commissioning times, reduce the number of network nodes, and lower the downtime of machines or systems. Discrete manufacturing involves parts and systems such as nuts and bolts, brackets, wires, assemblies, and individual products. A discrete product at the end of its life cycle can be broken down into its components, which can be recycled.
Packaging automation solutions segment to register significant growth during forecast period
The packaging automation solutions segment of the IO-Link market is expected to record the highest CAGR during the forecast period. The growth can be attributed to the increasing demand for effective and speedy packaging processes with minimal human interventions. Moreover, packaging automation solutions are used in various packaging processes, including product sorting, product handling, product storage, and product shipment.
IO-Link solutions help optimize the packaging process by establishing bidirectional communication between sensors and automation systems. IO-Link solutions also offer features such as rapid and safe commissioning, reliable and high-quality packaging processes, improved availability of the final packaging machines, rapid returns on investment, and the ability to carry out remote diagnosis. Hence, the continuous evolution of packaging automation and the high adoption of IO-Link-based sensors are expected to boost the demand for packaging automation solutions in the near future.
Asia pacific to register growth at highest CAGR
Asia Pacific is the fastest-growing IO-Link market owing to the ongoing technological innovations and increasing adoption of automation technologies in various industries. In Asia Pacific, IO-Link technology is used in industries such as automotive and electronics. Japan and China are the major contributors to the IO-Link market in the region. Asia Pacific has emerged as an automobile manufacturing hub in the world. Hence, companies such as Volkswagen, Toyota Motor Corporation, Renault–Nissan– Mitsubishi Alliance, Daimler, Tata Motors, and Mahindra & Mahindra have made investments in automating their automobile production sites. Owing to this, Asia Pacific is likely to register growth at the highest CAGR during the forecast period.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
•By Company Type - Tier 1 – 10%, Tier 2 – 20%, Tier 3 – 70%
•By Designation— C-level Executives - 35%, Managers - 25%, Others - 40%
•By Region—North America - 25%, Europe - 42%, Asia Pacific - 21%, RoW - 12%
The IO-Link market is dominated by a few globally established players such as Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany); ifm electronic GmbH (Germany); Pepperl+Fuchs (Germany); SICK AG (Germany); Festo SE & Co. KG (Germany); and SMC Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the IO-Link market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the IO-Link market and forecasts its size, by type, industry, component, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the smart agriculture ecosystem
Key Benefits to Buy the Report:
•Analysis Of: Rising demand for industry 4.0, ability to support all fieldbus protocols, and growing demand for remote configuration, monitoring, and maintenance are the driving factors of the io-link market. Whereas, the restraining factors are use of compact machines and use of basic sensors. Limitations of ethernet and increasing adoption of io-link in automotive industry are the opportunities, while cyber risks associated with automation systems is the challenged faced by the io-link market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IO-Link market
•Market Development: Comprehensive information about lucrative markets – the report analyses the IO-Link market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IO-Link market
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany) among others in the IO-Link market.
Content
Table of Contents
1INTRODUCTION30
1.1STUDY OBJECTIVES30
1.2MARKET DEFINITION30
1.2.1INCLUSIONS AND EXCLUSIONS31
1.3MARKET SCOPE31
FIGURE 1IO-LINK MARKET SEGMENTATION31
1.3.1YEARS CONSIDERED32
1.4CURRENCY CONSIDERED32
1.5STAKEHOLDERS32
1.6SUMMARY OF CHANGES33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 2IO-LINK MARKET: RESEARCH DESIGN34
2.1.1SECONDARY DATA35
2.1.1.1List of key secondary sources35
2.1.1.2Secondary sources36
2.1.2PRIMARY DATA36
2.1.2.1Primary sources37
2.1.2.2Key industry insights37
2.1.2.3Breakdown of primaries38
2.2FACTOR ANALYSIS38
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SALES OF IO-LINK SOLUTIONS38
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)–ILLUSTRATIVE EXAMPLE OF COMPANY OPERATING IN IO-LINK MARKET39
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE)—DEMAND FOR IO-LINK FOR MACHINE TOOLS APPLICATION40
2.3MARKET SIZE ESTIMATION40
2.3.1BOTTOM-UP APPROACH40
2.3.1.1Estimating market size using bottom-up analysis (demand side)41
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
2.3.2TOP-DOWN APPROACH42
2.3.2.1Estimating market size using top-down analysis (supply side)42
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH42
2.4MARKET BREAKDOWN AND DATA TRIANGULATION43
FIGURE 8DATA TRIANGULATION43
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS44
2.5.1RESEARCH ASSUMPTIONS44
TABLE 1KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT44
2.5.2LIMITATIONS44
FIGURE 9LIMITATIONS: IO-LINK MARKET45
3EXECUTIVE SUMMARY46
FIGURE 10IO-LINK WIRELESS SEGMENT TO REGISTER HIGHER CAGR THAN IO-LINK WIRED SEGMENT DURING FORECAST PERIOD47
FIGURE 11PACKAGING AUTOMATION SOLUTIONS SEGMENT TO WITNESS HIGHEST GROWTH FROM 2023 TO 202847
FIGURE 12DISCRETE INDUSTRIES SEGMENT TO WITNESS HIGHEST CAGR FROM 2023 TO 202848
FIGURE 13EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 202248
3.1IMPACT OF RECESSION ON IO-LINK MARKET49
FIGURE 14PRE- AND POST-RECESSION IMPACT ON IO-LINK MARKET49
4PREMIUM INSIGHTS50
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN IO-LINK MARKET50
FIGURE 15RISING NEED FOR INDUSTRY 4.0 TO FUEL DEMAND FOR IO-LINK SOLUTIONS IN COMING YEARS50
4.2IO-LINK MARKET, BY TYPE50
FIGURE 16IO-LINK WIRED SEGMENT TO CAPTURE LARGER MARKET SHARE BY 202850
4.3IO-LINK MARKET, BY COMPONENT51
FIGURE 17IO-LINK DEVICES SEGMENT TO CAPTURE LARGER MARKET SHARE BY 202851
4.4IO-LINK MARKET, BY APPLICATION51
FIGURE 18PACKAGING AUTOMATION SOLUTIONS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD51
4.5IO-LINK MARKET, BY APPLICATION AND REGION52
FIGURE 19HANDLING AND ASSEMBLY AUTOMATION, AND EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE BY 202852
5MARKET OVERVIEW53
5.1INTRODUCTION53
5.2MARKET DYNAMICS53
FIGURE 20IO-LINK MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES53
5.2.1DRIVERS54
5.2.1.1Rising demand for Industry 4.054
FIGURE 21INDUSTRY 4.0 TRANSFORMING FACTORIES INTO SMART FACTORIES54
5.2.1.2Ability to support all fieldbus protocols54
5.2.1.3Growing demand for remote configuration, monitoring, and maintenance55
FIGURE 22IO-LINK MARKET: DRIVERS AND THEIR IMPACT55
5.2.2RESTRAINTS56
5.2.2.1Use of compact machines56
5.2.2.2Use of basic sensors56
FIGURE 23IO-LINK MARKET: RESTRAINTS AND THEIR IMPACT56
5.2.3OPPORTUNITIES56
5.2.3.1Limitations of Ethernet56
5.2.3.2Increasing adoption of IO-Link in automotive industry57
FIGURE 24IO-LINK MARKET: OPPORTUNITIES AND THEIR IMPACT57
5.2.4CHALLENGES57
5.2.4.1Cyber risks associated with automation systems57
FIGURE 25IO-LINK MARKET: CHALLENGES AND THEIR IMPACT58
5.3SUPPLY CHAIN ANALYSIS58
FIGURE 26IO-LINK MARKET: SUPPLY CHAIN58
TABLE 2IO-LINK MARKET: COMPANIES AND THEIR ROLE IN SUPPLY CHAIN59
5.4TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS60
5.4.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR IO-LINK MARKET60
FIGURE 27REVENUE SHIFT IN IO-LINK MARKET61
5.5IO-LINK ECOSYSTEM61
FIGURE 28IO-LINK ECOSYSTEM61
5.6PORTER’S FIVE FORCES ANALYSIS62
TABLE 3IO-LINK MARKET: PORTER’S FIVE FORCES ANALYSIS62
FIGURE 29PORTER’S FIVE FORCES ANALYSIS63
5.6.1THREAT OF NEW ENTRANTS63
5.6.2THREAT OF SUBSTITUTES64
5.6.3BARGAINING POWER OF SUPPLIERS64
5.6.4BARGAINING POWER OF BUYERS64
5.6.5INTENSITY OF COMPETITIVE RIVALRY65
5.7CASE STUDY ANALYSIS65
5.7.1BALLUFF REDUCED CHANGEOVER TIME BY 65% WITH GUIDED FORMAT CHANGE65
5.7.2HARPAK-ULMA IMPROVES CUSTOMER AGILITY WITH SMART PACKAGING MACHINES FROM ROCKWELL AUTOMATION65
5.7.3PROCECO INTEGRATED CLEANING SYSTEMS WITH CUBE67 AND IO-LINK SOLUTIONS66
5.7.4MARSTON’S BREWERY USES IFM IO-LINK DEVICES TO UPDATE TANK-LEVEL CONTROL66
5.8TECHNOLOGY ANALYSIS66
5.8.1COMPLEMENTARY TECHNOLOGIES66
5.8.1.1Fieldbus technology66
5.8.1.2Interface technology66
5.9AVERAGE SELLING PRICE OF IO-LINK SOLUTIONS67
TABLE 4AVERAGE SELLING PRICE OF IO-LINK SOLUTIONS, BY COMPONENT67
5.10TRADE ANALYSIS67
TABLE 5IMPORTS DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
TABLE 6EXPORTS DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
5.11PATENT ANALYSIS, 2020–202269
TABLE 7TOP 20 PATENT OWNERS DURING 2013–202271
FIGURE 30TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS FROM 2012 TO 202172
FIGURE 31PATENTS GRANTED WORLDWIDE, 2012–202172
5.12TARIFFS AND REGULATIONS73
5.12.1TARIFFS73
TABLE 8TARIFF FOR HS CODE 853890 EXPORTED BY US (2021)73
TABLE 9TARIFF FOR HS CODE 853890 EXPORTED BY INDIA (2021)73
5.12.2REGULATORY COMPLIANCES73
5.12.3STANDARDS75
6IO-LINK MARKET, BY TYPE76
6.1INTRODUCTION77
FIGURE 32IO-LINK MARKET, BY TYPE77
FIGURE 33IO-LINK WIRED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD77
TABLE 10IO-LINK MARKET, BY TYPE, 2019–2022 (USD MILLION)77
TABLE 11IO-LINK MARKET, BY TYPE, 2023–2028 (USD MILLION)78
TABLE 12IO-LINK MARKET, BY TYPE, 2019–2022 (MILLION UNITS)78
TABLE 13IO-LINK MARKET, BY TYPE, 2023–2028 (MILLION UNITS)78
6.2IO-LINK WIRED78
FIGURE 34IO-LINK WIRED79
6.3IO-LINK WIRELESS79
FIGURE 35IO-LINK WIRELESS80
7IO-LINK MARKET, BY COMPONENT81
7.1INTRODUCTION82
FIGURE 36IO-LINK DEVICES SEGMENT TO REGISTER HIGHER CAGR FROM 2023 TO 202882
TABLE 14IO-LINK MARKET, BY COMPONENT, 2019–2022 (USD MILLION)82
TABLE 15IO-LINK MARKET, BY COMPONENT, 2023–2028 (USD MILLION)82
TABLE 16IO-LINK MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)83
TABLE 17IO-LINK MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)83
7.2IO-LINK MASTERS83
TABLE 18IO-LINK MASTERS MARKET, BY INTERFACE TYPE, 2019–2022 (USD MILLION)84
TABLE 19IO-LINK MASTERS MARKET, BY INTERFACE TYPE, 2023–2028 (USD MILLION)84
TABLE 20IO-LINK MARKET, BY INTERFACE TYPE, 2019–2022 (MILLION UNITS)84
TABLE 21IO-LINK MARKET, BY INTERFACE TYPE, 2023–2028 (MILLION UNITS)85
TABLE 22IO-LINK MASTERS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)85
TABLE 23IO-LINK MASTERS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)85
TABLE 24IO-LINK MASTERS MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)85
TABLE 25IO-LINK MASTERS MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)86
FIGURE 37IO-LINK MASTERS MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD86
TABLE 26IO-LINK MASTERS MARKET, BY REGION, 2019–2022 (USD MILLION)86
TABLE 27IO-LINK MASTERS MARKET, BY REGION, 2023–2028 (USD MILLION)87
TABLE 28IO-LINK MASTERS MARKET, BY REGION, 2019–2022 (MILLION UNITS)87
TABLE 29IO-LINK MASTERS MARKET, BY REGION, 2023–2028 (MILLION UNITS)87
7.2.1PROFINET88
7.2.1.1PROFINET protocol led IO-Link market in 202288
7.2.2ETHERNET/IP88
7.2.2.1EtherNet/IP ideal for control applications and Industrial Internet of Things (IIoT)88
7.2.3MODBUS TCP/IP88
7.2.3.1Modbus TCP/IP protocol widely used in process industries for factory automation88
7.2.4ETHERCAT89
7.2.4.1EtherCAT makes machines and systems faster, simpler, and more cost-effective89
7.2.5MULTIPROTOCOL89
7.2.5.1Multiprotocol solutions offer better user experience and support for field upgrades89
7.2.6OTHERS89
7.3IO-LINK DEVICES90
TABLE 30IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)90
TABLE 31IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)90
TABLE 32IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2019–2022 (MILLION UNITS)91
TABLE 33IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2023–2028 (MILLION UNITS)91
TABLE 34IO-LINK DEVICES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)91
TABLE 35IO-LINK DEVICES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)92
TABLE 36IO-LINK DEVICES MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)92
TABLE 37IO-LINK DEVICES MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)92
FIGURE 38EUROPE TO LEAD IO-LINK DEVICES MARKET FROM 2023 TO 202893
TABLE 38IO-LINK DEVICES MARKET, BY REGION, 2019–2022 (USD MILLION)93
TABLE 39IO-LINK DEVICES MARKET, BY REGION, 2023–2028 (USD MILLION)93
TABLE 40IO-LINK DEVICES MARKET, BY REGION, 2019–2022 (MILLION UNITS)94
TABLE 41IO-LINK DEVICES MARKET, BY REGION, 2023–2028 (MILLION UNITS)94
7.3.1SENSOR NODES94
7.3.1.1Sensor nodes are small and inexpensive devices with limited battery and computation power94
TABLE 42IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2019–2022 (USD MILLION)95
TABLE 43IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)95
TABLE 44IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2019–2022 (MILLION UNITS)95
TABLE 45IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2023–2028 (MILLION UNITS)96
7.3.1.2Position sensors96
7.3.1.2.1Position sensors enable presence and absence detection of objects96
7.3.1.3Temperature sensors96
7.3.1.3.1Temperature sensors can detect differences in temperature of objects and their surroundings96
7.3.1.4Pressure sensors97
7.3.1.4.1Pressure sensors determine pressure applied to sensors and convert this information into output signal97
7.3.1.5Vibration sensors97
7.3.1.5.1Vibration sensors help measure acceleration, speed, and normal vibration in various applications97
7.3.1.6Others97
7.3.2MODULES98
7.3.2.1IO-Link modules enable connection of standard sensors and actuators98
7.3.3ACTUATORS98
7.3.3.1Actuators help machines achieve physical movement98
7.3.4RFID READ HEADS AND OTHERS98
8IO-LINK MARKET, BY INDUSTRY99
8.1INTRODUCTION100
FIGURE 39DISCRETE INDUSTRIES TO DOMINATE IO-LINK MARKET DURING FORECAST PERIOD100
TABLE 46IO-LINK MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)100
TABLE 47IO-LINK MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)101
TABLE 48IO-LINK MARKET, BY INDUSTRY, 2019–2022 (MILLION UNITS)101
TABLE 49IO-LINK MARKET, BY INDUSTRY, 2023–2028 (MILLION UNITS)101
8.2DISCRETE INDUSTRIES102
FIGURE 40EUROPE TO LEAD IO-LINK MARKET FOR DISCRETE INDUSTRIES FROM 2023 TO 2028102
TABLE 50IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)102
TABLE 51IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)103
TABLE 52IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)103
TABLE 53IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)103
8.2.1AUTOMOTIVE104
8.2.1.1IO-Link solutions help streamline manufacturing processes104
8.2.2AEROSPACE & DEFENSE104
8.2.2.1Increased automation in aerospace & defense industry to boost demand for IO-Link solutions104
8.2.3SEMICONDUCTOR & ELECTRONICS105
8.2.3.1Decentralization in semiconductor & electronics industry to propel IO-Link market growth105
8.2.4MACHINE MANUFACTURING105
8.2.4.1IO-Link facilitates control architecture modernization to support IIoT and Industry 4.0105
8.2.5PACKAGING106
8.2.5.1Need for high-quality packaging processes to boost demand for IO-Link solutions106
8.3HYBRID INDUSTRIES106
TABLE 54IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)106
TABLE 55IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)106
TABLE 56IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)107
TABLE 57IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)107
8.3.1PHARMACEUTICALS107
8.3.1.1Adoption of IO-Link solutions to make manufacturing operations faster and more cost-effective107
8.3.2METALS & MINING108
8.3.2.1IO-Link solutions to help manage processes better and increase productivity108
8.3.3FOOD & BEVERAGES108
8.3.3.1Need for process reliability and constant product quality to drive demand for IO-Link solutions108
8.3.4CEMENT AND GLASS109
8.3.4.1Emphasis of manufacturers on conserving natural resources and protecting climate to offer lucrative opportunities for IO-Link solution providers109
8.4PROCESS INDUSTRIES109
FIGURE 41EUROPE TO LEAD IO-LINK MARKET FOR PROCESS INDUSTRIES DURING FORECAST PERIOD110
TABLE 58IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)110
TABLE 59IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)110
TABLE 60IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)111
TABLE 61IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)111
8.4.1OIL & GAS111
8.4.1.1Rising focus on lowering operational costs in oil & gas industry to increase adoption of IO-Link solutions111
8.4.2CHEMICALS112
8.4.2.1IO-Link solutions to increase efficiency, sustainability, and safety of chemicals manufacturing and processing plants112
8.4.3ENERGY & POWER112
8.4.3.1IO-Link solutions to help increase flexibility and efficiency of energy & power industry112
9IO-LINK MARKET, BY APPLICATION113
9.1INTRODUCTION114
FIGURE 42HANDLING AND ASSEMBLY AUTOMATION SEGMENT ESTIMATED TO LEAD IO-LINK MARKET IN 2023114
TABLE 62IO-LINK MARKET, BY APPLICATION, 2019–2022 (USD MILLION)114
TABLE 63IO-LINK MARKET, BY APPLICATION, 2023–2028 (USD MILLION)115
TABLE 64IO-LINK MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)115
TABLE 65IO-LINK MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)115
9.2MACHINE TOOLS116
9.2.1RISING NEED FOR AUTOMATIC SETTING OF SENSOR PARAMETERS TO FUEL DEMAND FOR IO-LINK SOLUTIONS IN MACHINE TOOLS116
TABLE 66IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2019–2022 (USD MILLION)116
TABLE 67IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2023–2028 (USD MILLION)116
TABLE 68IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2019–2022 (MILLION UNITS)116
TABLE 69IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2023–2028 (MILLION UNITS)117
FIGURE 43EUROPE TO LEAD IO-LINK MARKET FOR MACHINE TOOLS DURING FORECAST PERIOD117
TABLE 70IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2019–2022 (USD MILLION)117
TABLE 71IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2023–2028 (USD MILLION)118
TABLE 72IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2019–2022 (MILLION UNITS)118
TABLE 73IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2023–2028 (MILLION UNITS)118
9.3HANDLING AND ASSEMBLY AUTOMATION119
9.3.1INCREASING DEMAND FOR INDUSTRIAL AUTOMATION TO ACCELERATE GROWTH OF HANDLING AND ASSEMBLY AUTOMATION APPLICATION119
TABLE 74IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2019–2022 (USD MILLION)119
TABLE 75IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2023–2028 (USD MILLION)119
TABLE 76IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2019–2022 (MILLION UNITS)120
TABLE 77IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2023–2028 (MILLION UNITS)120
TABLE 78IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2019–2022 (USD MILLION)120
TABLE 79IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2023–2028 (USD MILLION)120
TABLE 80IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2019–2022 (MILLION UNITS)121
TABLE 81IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2023–2028 (MILLION UNITS)121
9.4PACKAGING AUTOMATION SOLUTIONS121
9.4.1NEED TO INCREASE PRODUCTIVITY AND REDUCE MANUFACTURING COSTS TO DRIVE DEMAND FOR PACKAGING AUTOMATION SOLUTIONS121
FIGURE 44IO-LINK DEVICES TO LEAD IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS DURING FORECAST PERIOD122
TABLE 82IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2019–2022 (USD MILLION)122
TABLE 83IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2023–2028 (USD MILLION)122
TABLE 84IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2019–2022 (MILLION UNITS)123
TABLE 85IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2023–2028 (MILLION UNITS)123
TABLE 86IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2019–2022 (USD MILLION)123
TABLE 87IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2023–2028 (USD MILLION)124
TABLE 88IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2019–2022 (MILLION UNITS)124
TABLE 89IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2023–2028 (MILLION UNITS)124
9.5INTRALOGISTICS SOLUTIONS125
9.5.1USE OF IO-LINK SOLUTIONS TO INCREASE OVERALL EFFICACY OF CONVEYOR BELTS125
TABLE 90IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2019–2022 (USD MILLION)125
TABLE 91IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2023–2028 (USD MILLION)125
TABLE 92IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2019–2022 (MILLION UNITS)126
TABLE 93IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2023–2028 (MILLION UNITS)126
TABLE 94IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2019–2022 (USD MILLION)126
TABLE 95IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2023–2028 (USD MILLION)126
TABLE 96IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2019–2022 (MILLION UNITS)127
TABLE 97IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2023–2028 (MILLION UNITS)127
10IO-LINK MARKET, BY REGION128
10.1INTRODUCTION129
FIGURE 45EUROPE TO HOLD LARGEST SHARE OF IO-LINK MARKET FROM 2023 TO 2028129
TABLE 98IO-LINK MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 99IO-LINK MARKET, BY REGION, 2023–2028 (USD MILLION)130
TABLE 100IO-LINK MARKET, BY REGION, 2019–2022 (MILLION UNITS)130
TABLE 101IO-LINK MARKET, BY REGION, 2023–2028 (MILLION UNITS)130
10.2NORTH AMERICA131
FIGURE 46NORTH AMERICA: IO-LINK MARKET SNAPSHOT131
TABLE 102IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2019–2022 (USD MILLION)132
TABLE 103IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2023–2028 (USD MILLION)132
TABLE 104IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2019–2022 (MILLION UNITS)132
TABLE 105IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2023–2028 (MILLION UNITS)132
TABLE 106IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2022 (USD MILLION)133
TABLE 107IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2023–2028 (USD MILLION)133
TABLE 108IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2022 (MILLION UNITS)133
TABLE 109IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2023–2028 (MILLION UNITS)133
TABLE 110IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2019–2022 (USD MILLION)134
TABLE 111IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2023–2028 (USD MILLION)134
TABLE 112IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2019–2022 (MILLION UNITS)134
TABLE 113IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2023–2028 (MILLION UNITS)134
TABLE 114IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)135
TABLE 115IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)135
TABLE 116IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (MILLION UNITS)135
TABLE 117IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (MILLION UNITS)135
10.2.1US136
10.2.1.1Rising petroleum industry to offer lucrative growth opportunities for IO-Link market136
10.2.2CANADA136
10.2.2.1Growth in manufacturing sector to drive adoption of IO-Link solutions136
10.2.3MEXICO137
10.2.3.1Continuous developments in manufacturing industry to boost demand for IO-Link solutions137
10.3EUROPE137
FIGURE 47EUROPE: IO-LINK MARKET SNAPSHOT138
TABLE 118IO-LINK MARKET IN EUROPE, BY COMPONENT, 2019–2022 (USD MILLION)138
TABLE 119IO-LINK MARKET IN EUROPE, BY COMPONENT, 2023–2028 (USD MILLION)139
TABLE 120IO-LINK MARKET IN EUROPE, BY COMPONENT, 2019–2022 (MILLION UNITS)139
TABLE 121IO-LINK MARKET IN EUROPE, BY COMPONENT, 2023–2028 (MILLION UNITS)139
TABLE 122IO-LINK MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)139
TABLE 123IO-LINK MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)140
TABLE 124IO-LINK MARKET IN EUROPE, BY APPLICATION, 2019–2022 (MILLION UNITS)140
TABLE 125IO-LINK MARKET IN EUROPE, BY APPLICATION, 2023–2028 (MILLION UNITS)140
TABLE 126IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2019–2022 (USD MILLION)141
TABLE 127IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2023–2028 (USD MILLION)141
TABLE 128IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2019–2022 (MILLION UNITS)141
TABLE 129IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2023–2028 (MILLION UNITS)141
TABLE 130IO-LINK MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)142
TABLE 131IO-LINK MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)142
TABLE 132IO-LINK MARKET IN EUROPE, BY COUNTRY, 2019–2022 (MILLION UNITS)142
TABLE 133IO-LINK MARKET IN EUROPE, BY COUNTRY, 2023–2028 (MILLION UNITS)143
10.3.1GERMANY143
10.3.1.1Growing adoption of robotics and automation products to boost demand for IO-Link solutions143
10.3.2UK143
10.3.2.1Increased adoption of IO-Link solutions by aerospace sector to drive market143
10.3.3FRANCE144
10.3.3.1Vibrant automotive industry to drive IO-Link market144
10.3.4ITALY144
10.3.4.1IO-Link used to facilitate communication between connected devices in robots industry144
10.3.5REST OF EUROPE144
10.4ASIA PACIFIC144
FIGURE 48ASIA PACIFIC: IO-LINK MARKET SNAPSHOT145
TABLE 134IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2019–2022 (USD MILLION)145
TABLE 135IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2023–2028 (USD MILLION)146
TABLE 136IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2019–2022 (MILLION UNITS)146
TABLE 137IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2023–2028 (MILLION UNITS)146
FIGURE 49HANDLING AND ASSEMBLY AUTOMATION SEGMENT TO LEAD MARKET IN ASIA PACIFIC DURING FORECAST PERIOD146
TABLE 138IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)147
TABLE 139IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)147
TABLE 140IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (MILLION UNITS)147
TABLE 141IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (MILLION UNITS)147
TABLE 142IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2019–2022 (USD MILLION)148
TABLE 143IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2023–2028 (USD MILLION)148
TABLE 144IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2019–2022 (MILLION UNITS)148
TABLE 145IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2023–2028 (MILLION UNITS)148
FIGURE 50CHINA TO DOMINATE ASIA PACIFIC IO-LINK MARKET DURING FORECAST PERIOD149
TABLE 146IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)149
TABLE 147IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)149
TABLE 148IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (MILLION UNITS)150
TABLE 149IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (MILLION UNITS)150
10.4.1CHINA150
10.4.1.1Growing automation in manufacturing industry to drive market150
10.4.2JAPAN151
10.4.2.1Rising automotive industry to propel IO-Link market growth151
10.4.3SOUTH KOREA151
10.4.3.1Growing electronics industry to boost market growth151
10.4.4REST OF ASIA PACIFIC151
10.5REST OF THE WORLD151
TABLE 150IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2019–2022 (USD MILLION)151
TABLE 151IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2023–2028 (USD MILLION)152
TABLE 152IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2019–2022 (MILLION UNITS)152
TABLE 153IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2023–2028 (MILLION UNITS)152
TABLE 154IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2019–2022 (USD MILLION)152
TABLE 155IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2023–2028 (USD MILLION)153
TABLE 156IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2019–2022 (MILLION UNITS)153
TABLE 157IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2023–2028 (MILLION UNITS)153
TABLE 158IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2019–2022 (USD MILLION)153
TABLE 159IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2023–2028 (USD MILLION)154
TABLE 160IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2019–2022 (MILLION UNITS)154
TABLE 161IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2023–2028 (MILLION UNITS)154
TABLE 162IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2019–2022 (USD MILLION)154
TABLE 163IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)155
TABLE 164IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2019–2022 (MILLION UNITS)155
TABLE 165IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (MILLION UNITS)155
10.5.1MIDDLE EAST AND AFRICA (MEA)156
10.5.1.1Growing automation in oil & gas industry to propel demand for IO-Link156
10.5.2SOUTH AMERICA156
10.5.2.1Growing mining industry to drive IO-Link market156
11COMPETITIVE LANDSCAPE157
11.1INTRODUCTION157
11.2STRATEGIES ADOPTED BY KEY PLAYERS157
TABLE 166OVERVIEW OF STRATEGIES DEPLOYED BY KEY IO-LINK COMPANIES157
11.2.1PRODUCT PORTFOLIO158
11.2.2REGIONAL FOCUS158
11.2.3MANUFACTURING FOOTPRINT158
11.2.4ORGANIC/INORGANIC GROWTH STRATEGIES158
11.3FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE COMPANIES, 2017-2021158
FIGURE 51FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN IO-LINK MARKET158
11.4MARKET SHARE ANALYSIS: IO-LINK MARKET, 2022159
TABLE 167IO-LINK MARKET: MARKET SHARE ANALYSIS (2022)159
11.5MARKET EVALUATION QUADRANT, 2022160
11.5.1STARS160
11.5.2PERVASIVE PLAYERS160
11.5.3EMERGING LEADERS160
11.5.4PARTICIPANTS160
FIGURE 52COMPANY EVALUATION QUADRANT, 2022161
11.6COMPANY FOOTPRINT162
TABLE 168COMPANY FOOTPRINT162
TABLE 169INDUSTRY FOOTPRINT OF COMPANIES163
TABLE 170APPLICATION FOOTPRINT OF COMPANIES164
TABLE 171REGIONAL FOOTPRINT OF COMPANIES165
11.7STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022166
TABLE 172STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN IO-LINK MARKET166
11.7.1PROGRESSIVE COMPANIES166
11.7.2RESPONSIVE COMPANIES166
11.7.3DYNAMIC COMPANIES167
11.7.4STARTING BLOCKS167
FIGURE 53STARTUP/SME EVALUATION QUADRANT, 2022167
11.8COMPETITIVE SITUATIONS AND TRENDS168
11.8.1PRODUCT LAUNCHES168
TABLE 173PRODUCT LAUNCHES (2019–2022)168
11.8.2DEALS171
TABLE 174DEALS (2019–2022)171
12COMPANY PROFILES173
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1KEY PLAYERS173
12.1.1SIEMENS AG173
TABLE 175SIEMENS AG: BUSINESS OVERVIEW173
FIGURE 54SIEMENS AG: COMPANY SNAPSHOT174
TABLE 176SIEMENS AG: PRODUCTS OFFERED175
TABLE 177SIEMENS AG: PRODUCT LAUNCHES176
TABLE 178SIEMENS AG: DEALS177
12.1.2HANS TURCK GMBH & CO. KG178
TABLE 179HANS TURCK GMBH & CO. KG: BUSINESS OVERVIEW178
TABLE 180HANS TURCK GMBH & CO. KG: PRODUCT OFFERED178
TABLE 181HANS TURCK GMBH & CO. KG: PRODUCT LAUNCHES180
TABLE 182HANS TURCK GMBH & CO. KG: DEALS181
12.1.3BALLUFF GMBH182
TABLE 183BALLUFF: BUSINESS OVERVIEW182
TABLE 184BALLUFF GMBH: PRODUCTS OFFERED182
TABLE 185BALLUFF GMBH: PRODUCTS LAUNCHES184
12.1.4IFM ELECTRONIC GMBH186
TABLE 186IFM ELECTRONIC GMBH: BUSINESS OVERVIEW186
TABLE 187IFM ELECTRONIC GMBH: PRODUCTS OFFERED186
TABLE 188IFM ELECTRONIC GMBH: DEALS188
12.1.5SICK AG190
TABLE 189SICK AG: BUSINESS OVERVIEW190
FIGURE 55SICK AG: COMPANY SNAPSHOT191
TABLE 190SICK AG: PRODUCTS OFFERED192
TABLE 191SICK AG: PRODUCTS LAUNCHES193
TABLE 192SICK AG: DEALS193
12.1.6ROCKWELL AUTOMATION, INC.194
TABLE 193ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW194
FIGURE 56ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT195
TABLE 194ROCKWELL AUTOMATION, INC.: PRODUCTS OFFERED195
TABLE 195ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES199
12.1.7OMRON CORPORATION201
TABLE 196OMRON CORPORATION: BUSINESS OVERVIEW201
FIGURE 57OMRON CORPORATION: COMPANY SNAPSHOT202
TABLE 197OMRON CORPORATION: PRODUCTS OFFERED203
TABLE 198OMRON CORPORATION: PRODUCT LAUNCHES204
12.1.8PEPPERL+FUCHS205
TABLE 199PEPPERL+FUCHS: BUSINESS OVERVIEW205
TABLE 200PEPPERL+FUCHS: PRODUCTS OFFERED205
TABLE 201PEPPERL+FUCHS: PRODUCT LAUNCHES207
TABLE 202PEPPERL+FUCHS: DEALS207
12.1.9FESTO SE & CO. KG208
TABLE 203FESTO SE & CO. KG COMPANY: BUSINESS OVERVIEW208
TABLE 204FESTO SE & CO. KG: PRODUCTS OFFERED208
TABLE 205FESTO SE & CO. KG: DEALS209
12.1.10SMC CORPORATION210
TABLE 206SMC CORPORATION: BUSINESS OVERVIEW210
FIGURE 58SMC CORPORATION: COMPANY SNAPSHOT210
TABLE 207SMC CORPORATION: PRODUCTS OFFERED211
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12.2OTHER PLAYERS212
12.2.1BOSCH REXROTH AG212
12.2.2BAUMER213
12.2.3BELDEN INC.214
12.2.4BECKHOFF AUTOMATION GMBH & CO. KG215
12.2.5BANNER ENGINEERING CORP.216
12.2.6WEIDMÜLLER INTERFACE GMBH & CO. KG217
12.2.7PHOENIX CONTACT GMBH & CO. KG218
12.2.8WENGLOR SENSORIC GMBH218
12.2.9CARLO GAVAZZI HOLDING AG219
12.2.10DATALOGIC S.P.A.220
12.2.11BIHL+WIEDEMANN GMBH221
12.2.12MURRELEKTRONIK GMBH222
12.2.13JUMO GMBH & CO. KG223
12.2.14CORETIGO224
13APPENDIX225
13.1DISCUSSION GUIDE225
13.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL228
13.3CUSTOMIZATION OPTIONS230
13.4RELATED REPORTS230
13.5AUTHOR DETAILS231
IO-Link wireless segment is expected to grow at higher CAGR during forecast period
The IO-Link wireless segment is projected to register a higher CAGR during the forecast period. The performance, functionality, and capability of IO-Link wireless are comparable to wired IO-Link; however, the elimination of cables ensures more flexibility, greater robustness, and better scalability. The rising demand for the IO-Link wireless protocol and increasing adoption of smart manufacturing across industries are expected to create lucrative opportunities for the manufacturers of the IO-Link wireless solutions, which in turns, driving the growth of the segment in future.
IO-Link devices segment to register growth at higher CAGR
IO-Link devices can be integrated into any fieldbus or automation system and have auto-device replacement functionality. They can be connected using the same cost-effective standard unshielded 3-wire cables as conventional discrete I/O, which helps reduce complex wiring. In the manufacturing industry, there is a growing need for operational excellence. This leads to the demand for various industrial services, such as predictive maintenance, condition monitoring, and traceability, which are expected to spur the demand for IO-Link devices. All these factors are expected to drive the growth of the IO-Link devices segment during the forecast period.
Discrete industries segment is likely to grow at highest CAGR
The discrete industries segment is likely to grow at the highest CAGR during the forecast period. Discrete industries follow stringent protocols for their manufacturing operations and continuously focus on reducing operational costs. This leads them to adopt industrial automation and IoT technologies for their business operations. These industries also majorly focus on improving the operational efficiency of machines to meet the growing customer demands.
IO-Link can help reduce manufacturing costs, speed up commissioning times, reduce the number of network nodes, and lower the downtime of machines or systems. Discrete manufacturing involves parts and systems such as nuts and bolts, brackets, wires, assemblies, and individual products. A discrete product at the end of its life cycle can be broken down into its components, which can be recycled.
Packaging automation solutions segment to register significant growth during forecast period
The packaging automation solutions segment of the IO-Link market is expected to record the highest CAGR during the forecast period. The growth can be attributed to the increasing demand for effective and speedy packaging processes with minimal human interventions. Moreover, packaging automation solutions are used in various packaging processes, including product sorting, product handling, product storage, and product shipment.
IO-Link solutions help optimize the packaging process by establishing bidirectional communication between sensors and automation systems. IO-Link solutions also offer features such as rapid and safe commissioning, reliable and high-quality packaging processes, improved availability of the final packaging machines, rapid returns on investment, and the ability to carry out remote diagnosis. Hence, the continuous evolution of packaging automation and the high adoption of IO-Link-based sensors are expected to boost the demand for packaging automation solutions in the near future.
Asia pacific to register growth at highest CAGR
Asia Pacific is the fastest-growing IO-Link market owing to the ongoing technological innovations and increasing adoption of automation technologies in various industries. In Asia Pacific, IO-Link technology is used in industries such as automotive and electronics. Japan and China are the major contributors to the IO-Link market in the region. Asia Pacific has emerged as an automobile manufacturing hub in the world. Hence, companies such as Volkswagen, Toyota Motor Corporation, Renault–Nissan– Mitsubishi Alliance, Daimler, Tata Motors, and Mahindra & Mahindra have made investments in automating their automobile production sites. Owing to this, Asia Pacific is likely to register growth at the highest CAGR during the forecast period.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
•By Company Type - Tier 1 – 10%, Tier 2 – 20%, Tier 3 – 70%
•By Designation— C-level Executives - 35%, Managers - 25%, Others - 40%
•By Region—North America - 25%, Europe - 42%, Asia Pacific - 21%, RoW - 12%
The IO-Link market is dominated by a few globally established players such as Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany); ifm electronic GmbH (Germany); Pepperl+Fuchs (Germany); SICK AG (Germany); Festo SE & Co. KG (Germany); and SMC Corporation (Japan). The study includes an in-depth competitive analysis of these key players in the IO-Link market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the IO-Link market and forecasts its size, by type, industry, component, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the smart agriculture ecosystem
Key Benefits to Buy the Report:
•Analysis Of: Rising demand for industry 4.0, ability to support all fieldbus protocols, and growing demand for remote configuration, monitoring, and maintenance are the driving factors of the io-link market. Whereas, the restraining factors are use of compact machines and use of basic sensors. Limitations of ethernet and increasing adoption of io-link in automotive industry are the opportunities, while cyber risks associated with automation systems is the challenged faced by the io-link market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IO-Link market
•Market Development: Comprehensive information about lucrative markets – the report analyses the IO-Link market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IO-Link market
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany) among others in the IO-Link market.
1INTRODUCTION30
1.1STUDY OBJECTIVES30
1.2MARKET DEFINITION30
1.2.1INCLUSIONS AND EXCLUSIONS31
1.3MARKET SCOPE31
FIGURE 1IO-LINK MARKET SEGMENTATION31
1.3.1YEARS CONSIDERED32
1.4CURRENCY CONSIDERED32
1.5STAKEHOLDERS32
1.6SUMMARY OF CHANGES33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 2IO-LINK MARKET: RESEARCH DESIGN34
2.1.1SECONDARY DATA35
2.1.1.1List of key secondary sources35
2.1.1.2Secondary sources36
2.1.2PRIMARY DATA36
2.1.2.1Primary sources37
2.1.2.2Key industry insights37
2.1.2.3Breakdown of primaries38
2.2FACTOR ANALYSIS38
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SALES OF IO-LINK SOLUTIONS38
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)–ILLUSTRATIVE EXAMPLE OF COMPANY OPERATING IN IO-LINK MARKET39
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE)—DEMAND FOR IO-LINK FOR MACHINE TOOLS APPLICATION40
2.3MARKET SIZE ESTIMATION40
2.3.1BOTTOM-UP APPROACH40
2.3.1.1Estimating market size using bottom-up analysis (demand side)41
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
2.3.2TOP-DOWN APPROACH42
2.3.2.1Estimating market size using top-down analysis (supply side)42
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH42
2.4MARKET BREAKDOWN AND DATA TRIANGULATION43
FIGURE 8DATA TRIANGULATION43
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS44
2.5.1RESEARCH ASSUMPTIONS44
TABLE 1KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT44
2.5.2LIMITATIONS44
FIGURE 9LIMITATIONS: IO-LINK MARKET45
3EXECUTIVE SUMMARY46
FIGURE 10IO-LINK WIRELESS SEGMENT TO REGISTER HIGHER CAGR THAN IO-LINK WIRED SEGMENT DURING FORECAST PERIOD47
FIGURE 11PACKAGING AUTOMATION SOLUTIONS SEGMENT TO WITNESS HIGHEST GROWTH FROM 2023 TO 202847
FIGURE 12DISCRETE INDUSTRIES SEGMENT TO WITNESS HIGHEST CAGR FROM 2023 TO 202848
FIGURE 13EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 202248
3.1IMPACT OF RECESSION ON IO-LINK MARKET49
FIGURE 14PRE- AND POST-RECESSION IMPACT ON IO-LINK MARKET49
4PREMIUM INSIGHTS50
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN IO-LINK MARKET50
FIGURE 15RISING NEED FOR INDUSTRY 4.0 TO FUEL DEMAND FOR IO-LINK SOLUTIONS IN COMING YEARS50
4.2IO-LINK MARKET, BY TYPE50
FIGURE 16IO-LINK WIRED SEGMENT TO CAPTURE LARGER MARKET SHARE BY 202850
4.3IO-LINK MARKET, BY COMPONENT51
FIGURE 17IO-LINK DEVICES SEGMENT TO CAPTURE LARGER MARKET SHARE BY 202851
4.4IO-LINK MARKET, BY APPLICATION51
FIGURE 18PACKAGING AUTOMATION SOLUTIONS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD51
4.5IO-LINK MARKET, BY APPLICATION AND REGION52
FIGURE 19HANDLING AND ASSEMBLY AUTOMATION, AND EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE BY 202852
5MARKET OVERVIEW53
5.1INTRODUCTION53
5.2MARKET DYNAMICS53
FIGURE 20IO-LINK MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES53
5.2.1DRIVERS54
5.2.1.1Rising demand for Industry 4.054
FIGURE 21INDUSTRY 4.0 TRANSFORMING FACTORIES INTO SMART FACTORIES54
5.2.1.2Ability to support all fieldbus protocols54
5.2.1.3Growing demand for remote configuration, monitoring, and maintenance55
FIGURE 22IO-LINK MARKET: DRIVERS AND THEIR IMPACT55
5.2.2RESTRAINTS56
5.2.2.1Use of compact machines56
5.2.2.2Use of basic sensors56
FIGURE 23IO-LINK MARKET: RESTRAINTS AND THEIR IMPACT56
5.2.3OPPORTUNITIES56
5.2.3.1Limitations of Ethernet56
5.2.3.2Increasing adoption of IO-Link in automotive industry57
FIGURE 24IO-LINK MARKET: OPPORTUNITIES AND THEIR IMPACT57
5.2.4CHALLENGES57
5.2.4.1Cyber risks associated with automation systems57
FIGURE 25IO-LINK MARKET: CHALLENGES AND THEIR IMPACT58
5.3SUPPLY CHAIN ANALYSIS58
FIGURE 26IO-LINK MARKET: SUPPLY CHAIN58
TABLE 2IO-LINK MARKET: COMPANIES AND THEIR ROLE IN SUPPLY CHAIN59
5.4TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS60
5.4.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR IO-LINK MARKET60
FIGURE 27REVENUE SHIFT IN IO-LINK MARKET61
5.5IO-LINK ECOSYSTEM61
FIGURE 28IO-LINK ECOSYSTEM61
5.6PORTER’S FIVE FORCES ANALYSIS62
TABLE 3IO-LINK MARKET: PORTER’S FIVE FORCES ANALYSIS62
FIGURE 29PORTER’S FIVE FORCES ANALYSIS63
5.6.1THREAT OF NEW ENTRANTS63
5.6.2THREAT OF SUBSTITUTES64
5.6.3BARGAINING POWER OF SUPPLIERS64
5.6.4BARGAINING POWER OF BUYERS64
5.6.5INTENSITY OF COMPETITIVE RIVALRY65
5.7CASE STUDY ANALYSIS65
5.7.1BALLUFF REDUCED CHANGEOVER TIME BY 65% WITH GUIDED FORMAT CHANGE65
5.7.2HARPAK-ULMA IMPROVES CUSTOMER AGILITY WITH SMART PACKAGING MACHINES FROM ROCKWELL AUTOMATION65
5.7.3PROCECO INTEGRATED CLEANING SYSTEMS WITH CUBE67 AND IO-LINK SOLUTIONS66
5.7.4MARSTON’S BREWERY USES IFM IO-LINK DEVICES TO UPDATE TANK-LEVEL CONTROL66
5.8TECHNOLOGY ANALYSIS66
5.8.1COMPLEMENTARY TECHNOLOGIES66
5.8.1.1Fieldbus technology66
5.8.1.2Interface technology66
5.9AVERAGE SELLING PRICE OF IO-LINK SOLUTIONS67
TABLE 4AVERAGE SELLING PRICE OF IO-LINK SOLUTIONS, BY COMPONENT67
5.10TRADE ANALYSIS67
TABLE 5IMPORTS DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
TABLE 6EXPORTS DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
5.11PATENT ANALYSIS, 2020–202269
TABLE 7TOP 20 PATENT OWNERS DURING 2013–202271
FIGURE 30TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS FROM 2012 TO 202172
FIGURE 31PATENTS GRANTED WORLDWIDE, 2012–202172
5.12TARIFFS AND REGULATIONS73
5.12.1TARIFFS73
TABLE 8TARIFF FOR HS CODE 853890 EXPORTED BY US (2021)73
TABLE 9TARIFF FOR HS CODE 853890 EXPORTED BY INDIA (2021)73
5.12.2REGULATORY COMPLIANCES73
5.12.3STANDARDS75
6IO-LINK MARKET, BY TYPE76
6.1INTRODUCTION77
FIGURE 32IO-LINK MARKET, BY TYPE77
FIGURE 33IO-LINK WIRED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD77
TABLE 10IO-LINK MARKET, BY TYPE, 2019–2022 (USD MILLION)77
TABLE 11IO-LINK MARKET, BY TYPE, 2023–2028 (USD MILLION)78
TABLE 12IO-LINK MARKET, BY TYPE, 2019–2022 (MILLION UNITS)78
TABLE 13IO-LINK MARKET, BY TYPE, 2023–2028 (MILLION UNITS)78
6.2IO-LINK WIRED78
FIGURE 34IO-LINK WIRED79
6.3IO-LINK WIRELESS79
FIGURE 35IO-LINK WIRELESS80
7IO-LINK MARKET, BY COMPONENT81
7.1INTRODUCTION82
FIGURE 36IO-LINK DEVICES SEGMENT TO REGISTER HIGHER CAGR FROM 2023 TO 202882
TABLE 14IO-LINK MARKET, BY COMPONENT, 2019–2022 (USD MILLION)82
TABLE 15IO-LINK MARKET, BY COMPONENT, 2023–2028 (USD MILLION)82
TABLE 16IO-LINK MARKET, BY COMPONENT, 2019–2022 (MILLION UNITS)83
TABLE 17IO-LINK MARKET, BY COMPONENT, 2023–2028 (MILLION UNITS)83
7.2IO-LINK MASTERS83
TABLE 18IO-LINK MASTERS MARKET, BY INTERFACE TYPE, 2019–2022 (USD MILLION)84
TABLE 19IO-LINK MASTERS MARKET, BY INTERFACE TYPE, 2023–2028 (USD MILLION)84
TABLE 20IO-LINK MARKET, BY INTERFACE TYPE, 2019–2022 (MILLION UNITS)84
TABLE 21IO-LINK MARKET, BY INTERFACE TYPE, 2023–2028 (MILLION UNITS)85
TABLE 22IO-LINK MASTERS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)85
TABLE 23IO-LINK MASTERS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)85
TABLE 24IO-LINK MASTERS MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)85
TABLE 25IO-LINK MASTERS MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)86
FIGURE 37IO-LINK MASTERS MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD86
TABLE 26IO-LINK MASTERS MARKET, BY REGION, 2019–2022 (USD MILLION)86
TABLE 27IO-LINK MASTERS MARKET, BY REGION, 2023–2028 (USD MILLION)87
TABLE 28IO-LINK MASTERS MARKET, BY REGION, 2019–2022 (MILLION UNITS)87
TABLE 29IO-LINK MASTERS MARKET, BY REGION, 2023–2028 (MILLION UNITS)87
7.2.1PROFINET88
7.2.1.1PROFINET protocol led IO-Link market in 202288
7.2.2ETHERNET/IP88
7.2.2.1EtherNet/IP ideal for control applications and Industrial Internet of Things (IIoT)88
7.2.3MODBUS TCP/IP88
7.2.3.1Modbus TCP/IP protocol widely used in process industries for factory automation88
7.2.4ETHERCAT89
7.2.4.1EtherCAT makes machines and systems faster, simpler, and more cost-effective89
7.2.5MULTIPROTOCOL89
7.2.5.1Multiprotocol solutions offer better user experience and support for field upgrades89
7.2.6OTHERS89
7.3IO-LINK DEVICES90
TABLE 30IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)90
TABLE 31IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)90
TABLE 32IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2019–2022 (MILLION UNITS)91
TABLE 33IO-LINK DEVICES MARKET, BY DEVICE TYPE, 2023–2028 (MILLION UNITS)91
TABLE 34IO-LINK DEVICES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)91
TABLE 35IO-LINK DEVICES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)92
TABLE 36IO-LINK DEVICES MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)92
TABLE 37IO-LINK DEVICES MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)92
FIGURE 38EUROPE TO LEAD IO-LINK DEVICES MARKET FROM 2023 TO 202893
TABLE 38IO-LINK DEVICES MARKET, BY REGION, 2019–2022 (USD MILLION)93
TABLE 39IO-LINK DEVICES MARKET, BY REGION, 2023–2028 (USD MILLION)93
TABLE 40IO-LINK DEVICES MARKET, BY REGION, 2019–2022 (MILLION UNITS)94
TABLE 41IO-LINK DEVICES MARKET, BY REGION, 2023–2028 (MILLION UNITS)94
7.3.1SENSOR NODES94
7.3.1.1Sensor nodes are small and inexpensive devices with limited battery and computation power94
TABLE 42IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2019–2022 (USD MILLION)95
TABLE 43IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)95
TABLE 44IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2019–2022 (MILLION UNITS)95
TABLE 45IO-LINK SENSOR NODES MARKET, BY SUBTYPE, 2023–2028 (MILLION UNITS)96
7.3.1.2Position sensors96
7.3.1.2.1Position sensors enable presence and absence detection of objects96
7.3.1.3Temperature sensors96
7.3.1.3.1Temperature sensors can detect differences in temperature of objects and their surroundings96
7.3.1.4Pressure sensors97
7.3.1.4.1Pressure sensors determine pressure applied to sensors and convert this information into output signal97
7.3.1.5Vibration sensors97
7.3.1.5.1Vibration sensors help measure acceleration, speed, and normal vibration in various applications97
7.3.1.6Others97
7.3.2MODULES98
7.3.2.1IO-Link modules enable connection of standard sensors and actuators98
7.3.3ACTUATORS98
7.3.3.1Actuators help machines achieve physical movement98
7.3.4RFID READ HEADS AND OTHERS98
8IO-LINK MARKET, BY INDUSTRY99
8.1INTRODUCTION100
FIGURE 39DISCRETE INDUSTRIES TO DOMINATE IO-LINK MARKET DURING FORECAST PERIOD100
TABLE 46IO-LINK MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)100
TABLE 47IO-LINK MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)101
TABLE 48IO-LINK MARKET, BY INDUSTRY, 2019–2022 (MILLION UNITS)101
TABLE 49IO-LINK MARKET, BY INDUSTRY, 2023–2028 (MILLION UNITS)101
8.2DISCRETE INDUSTRIES102
FIGURE 40EUROPE TO LEAD IO-LINK MARKET FOR DISCRETE INDUSTRIES FROM 2023 TO 2028102
TABLE 50IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)102
TABLE 51IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)103
TABLE 52IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)103
TABLE 53IO-LINK MARKET FOR DISCRETE INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)103
8.2.1AUTOMOTIVE104
8.2.1.1IO-Link solutions help streamline manufacturing processes104
8.2.2AEROSPACE & DEFENSE104
8.2.2.1Increased automation in aerospace & defense industry to boost demand for IO-Link solutions104
8.2.3SEMICONDUCTOR & ELECTRONICS105
8.2.3.1Decentralization in semiconductor & electronics industry to propel IO-Link market growth105
8.2.4MACHINE MANUFACTURING105
8.2.4.1IO-Link facilitates control architecture modernization to support IIoT and Industry 4.0105
8.2.5PACKAGING106
8.2.5.1Need for high-quality packaging processes to boost demand for IO-Link solutions106
8.3HYBRID INDUSTRIES106
TABLE 54IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)106
TABLE 55IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)106
TABLE 56IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)107
TABLE 57IO-LINK MARKET FOR HYBRID INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)107
8.3.1PHARMACEUTICALS107
8.3.1.1Adoption of IO-Link solutions to make manufacturing operations faster and more cost-effective107
8.3.2METALS & MINING108
8.3.2.1IO-Link solutions to help manage processes better and increase productivity108
8.3.3FOOD & BEVERAGES108
8.3.3.1Need for process reliability and constant product quality to drive demand for IO-Link solutions108
8.3.4CEMENT AND GLASS109
8.3.4.1Emphasis of manufacturers on conserving natural resources and protecting climate to offer lucrative opportunities for IO-Link solution providers109
8.4PROCESS INDUSTRIES109
FIGURE 41EUROPE TO LEAD IO-LINK MARKET FOR PROCESS INDUSTRIES DURING FORECAST PERIOD110
TABLE 58IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2019–2022 (USD MILLION)110
TABLE 59IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)110
TABLE 60IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2019–2022 (MILLION UNITS)111
TABLE 61IO-LINK MARKET FOR PROCESS INDUSTRIES, BY REGION, 2023–2028 (MILLION UNITS)111
8.4.1OIL & GAS111
8.4.1.1Rising focus on lowering operational costs in oil & gas industry to increase adoption of IO-Link solutions111
8.4.2CHEMICALS112
8.4.2.1IO-Link solutions to increase efficiency, sustainability, and safety of chemicals manufacturing and processing plants112
8.4.3ENERGY & POWER112
8.4.3.1IO-Link solutions to help increase flexibility and efficiency of energy & power industry112
9IO-LINK MARKET, BY APPLICATION113
9.1INTRODUCTION114
FIGURE 42HANDLING AND ASSEMBLY AUTOMATION SEGMENT ESTIMATED TO LEAD IO-LINK MARKET IN 2023114
TABLE 62IO-LINK MARKET, BY APPLICATION, 2019–2022 (USD MILLION)114
TABLE 63IO-LINK MARKET, BY APPLICATION, 2023–2028 (USD MILLION)115
TABLE 64IO-LINK MARKET, BY APPLICATION, 2019–2022 (MILLION UNITS)115
TABLE 65IO-LINK MARKET, BY APPLICATION, 2023–2028 (MILLION UNITS)115
9.2MACHINE TOOLS116
9.2.1RISING NEED FOR AUTOMATIC SETTING OF SENSOR PARAMETERS TO FUEL DEMAND FOR IO-LINK SOLUTIONS IN MACHINE TOOLS116
TABLE 66IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2019–2022 (USD MILLION)116
TABLE 67IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2023–2028 (USD MILLION)116
TABLE 68IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2019–2022 (MILLION UNITS)116
TABLE 69IO-LINK MARKET FOR MACHINE TOOLS, BY COMPONENT, 2023–2028 (MILLION UNITS)117
FIGURE 43EUROPE TO LEAD IO-LINK MARKET FOR MACHINE TOOLS DURING FORECAST PERIOD117
TABLE 70IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2019–2022 (USD MILLION)117
TABLE 71IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2023–2028 (USD MILLION)118
TABLE 72IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2019–2022 (MILLION UNITS)118
TABLE 73IO-LINK MARKET FOR MACHINE TOOLS, BY REGION, 2023–2028 (MILLION UNITS)118
9.3HANDLING AND ASSEMBLY AUTOMATION119
9.3.1INCREASING DEMAND FOR INDUSTRIAL AUTOMATION TO ACCELERATE GROWTH OF HANDLING AND ASSEMBLY AUTOMATION APPLICATION119
TABLE 74IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2019–2022 (USD MILLION)119
TABLE 75IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2023–2028 (USD MILLION)119
TABLE 76IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2019–2022 (MILLION UNITS)120
TABLE 77IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY COMPONENT, 2023–2028 (MILLION UNITS)120
TABLE 78IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2019–2022 (USD MILLION)120
TABLE 79IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2023–2028 (USD MILLION)120
TABLE 80IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2019–2022 (MILLION UNITS)121
TABLE 81IO-LINK MARKET FOR HANDLING AND ASSEMBLY AUTOMATION, BY REGION, 2023–2028 (MILLION UNITS)121
9.4PACKAGING AUTOMATION SOLUTIONS121
9.4.1NEED TO INCREASE PRODUCTIVITY AND REDUCE MANUFACTURING COSTS TO DRIVE DEMAND FOR PACKAGING AUTOMATION SOLUTIONS121
FIGURE 44IO-LINK DEVICES TO LEAD IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS DURING FORECAST PERIOD122
TABLE 82IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2019–2022 (USD MILLION)122
TABLE 83IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2023–2028 (USD MILLION)122
TABLE 84IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2019–2022 (MILLION UNITS)123
TABLE 85IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY COMPONENT, 2023–2028 (MILLION UNITS)123
TABLE 86IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2019–2022 (USD MILLION)123
TABLE 87IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2023–2028 (USD MILLION)124
TABLE 88IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2019–2022 (MILLION UNITS)124
TABLE 89IO-LINK MARKET FOR PACKAGING AUTOMATION SOLUTIONS, BY REGION, 2023–2028 (MILLION UNITS)124
9.5INTRALOGISTICS SOLUTIONS125
9.5.1USE OF IO-LINK SOLUTIONS TO INCREASE OVERALL EFFICACY OF CONVEYOR BELTS125
TABLE 90IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2019–2022 (USD MILLION)125
TABLE 91IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2023–2028 (USD MILLION)125
TABLE 92IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2019–2022 (MILLION UNITS)126
TABLE 93IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY COMPONENT, 2023–2028 (MILLION UNITS)126
TABLE 94IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2019–2022 (USD MILLION)126
TABLE 95IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2023–2028 (USD MILLION)126
TABLE 96IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2019–2022 (MILLION UNITS)127
TABLE 97IO-LINK MARKET FOR INTRALOGISTICS SOLUTIONS, BY REGION, 2023–2028 (MILLION UNITS)127
10IO-LINK MARKET, BY REGION128
10.1INTRODUCTION129
FIGURE 45EUROPE TO HOLD LARGEST SHARE OF IO-LINK MARKET FROM 2023 TO 2028129
TABLE 98IO-LINK MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 99IO-LINK MARKET, BY REGION, 2023–2028 (USD MILLION)130
TABLE 100IO-LINK MARKET, BY REGION, 2019–2022 (MILLION UNITS)130
TABLE 101IO-LINK MARKET, BY REGION, 2023–2028 (MILLION UNITS)130
10.2NORTH AMERICA131
FIGURE 46NORTH AMERICA: IO-LINK MARKET SNAPSHOT131
TABLE 102IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2019–2022 (USD MILLION)132
TABLE 103IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2023–2028 (USD MILLION)132
TABLE 104IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2019–2022 (MILLION UNITS)132
TABLE 105IO-LINK MARKET IN NORTH AMERICA, BY COMPONENT, 2023–2028 (MILLION UNITS)132
TABLE 106IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2022 (USD MILLION)133
TABLE 107IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2023–2028 (USD MILLION)133
TABLE 108IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2022 (MILLION UNITS)133
TABLE 109IO-LINK MARKET IN NORTH AMERICA, BY APPLICATION, 2023–2028 (MILLION UNITS)133
TABLE 110IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2019–2022 (USD MILLION)134
TABLE 111IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2023–2028 (USD MILLION)134
TABLE 112IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2019–2022 (MILLION UNITS)134
TABLE 113IO-LINK MARKET IN NORTH AMERICA, BY INDUSTRY, 2023–2028 (MILLION UNITS)134
TABLE 114IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)135
TABLE 115IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)135
TABLE 116IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (MILLION UNITS)135
TABLE 117IO-LINK MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (MILLION UNITS)135
10.2.1US136
10.2.1.1Rising petroleum industry to offer lucrative growth opportunities for IO-Link market136
10.2.2CANADA136
10.2.2.1Growth in manufacturing sector to drive adoption of IO-Link solutions136
10.2.3MEXICO137
10.2.3.1Continuous developments in manufacturing industry to boost demand for IO-Link solutions137
10.3EUROPE137
FIGURE 47EUROPE: IO-LINK MARKET SNAPSHOT138
TABLE 118IO-LINK MARKET IN EUROPE, BY COMPONENT, 2019–2022 (USD MILLION)138
TABLE 119IO-LINK MARKET IN EUROPE, BY COMPONENT, 2023–2028 (USD MILLION)139
TABLE 120IO-LINK MARKET IN EUROPE, BY COMPONENT, 2019–2022 (MILLION UNITS)139
TABLE 121IO-LINK MARKET IN EUROPE, BY COMPONENT, 2023–2028 (MILLION UNITS)139
TABLE 122IO-LINK MARKET IN EUROPE, BY APPLICATION, 2019–2022 (USD MILLION)139
TABLE 123IO-LINK MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)140
TABLE 124IO-LINK MARKET IN EUROPE, BY APPLICATION, 2019–2022 (MILLION UNITS)140
TABLE 125IO-LINK MARKET IN EUROPE, BY APPLICATION, 2023–2028 (MILLION UNITS)140
TABLE 126IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2019–2022 (USD MILLION)141
TABLE 127IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2023–2028 (USD MILLION)141
TABLE 128IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2019–2022 (MILLION UNITS)141
TABLE 129IO-LINK MARKET IN EUROPE, BY INDUSTRY, 2023–2028 (MILLION UNITS)141
TABLE 130IO-LINK MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)142
TABLE 131IO-LINK MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)142
TABLE 132IO-LINK MARKET IN EUROPE, BY COUNTRY, 2019–2022 (MILLION UNITS)142
TABLE 133IO-LINK MARKET IN EUROPE, BY COUNTRY, 2023–2028 (MILLION UNITS)143
10.3.1GERMANY143
10.3.1.1Growing adoption of robotics and automation products to boost demand for IO-Link solutions143
10.3.2UK143
10.3.2.1Increased adoption of IO-Link solutions by aerospace sector to drive market143
10.3.3FRANCE144
10.3.3.1Vibrant automotive industry to drive IO-Link market144
10.3.4ITALY144
10.3.4.1IO-Link used to facilitate communication between connected devices in robots industry144
10.3.5REST OF EUROPE144
10.4ASIA PACIFIC144
FIGURE 48ASIA PACIFIC: IO-LINK MARKET SNAPSHOT145
TABLE 134IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2019–2022 (USD MILLION)145
TABLE 135IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2023–2028 (USD MILLION)146
TABLE 136IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2019–2022 (MILLION UNITS)146
TABLE 137IO-LINK MARKET IN ASIA PACIFIC, BY COMPONENT, 2023–2028 (MILLION UNITS)146
FIGURE 49HANDLING AND ASSEMBLY AUTOMATION SEGMENT TO LEAD MARKET IN ASIA PACIFIC DURING FORECAST PERIOD146
TABLE 138IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (USD MILLION)147
TABLE 139IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)147
TABLE 140IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2022 (MILLION UNITS)147
TABLE 141IO-LINK MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (MILLION UNITS)147
TABLE 142IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2019–2022 (USD MILLION)148
TABLE 143IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2023–2028 (USD MILLION)148
TABLE 144IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2019–2022 (MILLION UNITS)148
TABLE 145IO-LINK MARKET IN ASIA PACIFIC, BY INDUSTRY, 2023–2028 (MILLION UNITS)148
FIGURE 50CHINA TO DOMINATE ASIA PACIFIC IO-LINK MARKET DURING FORECAST PERIOD149
TABLE 146IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)149
TABLE 147IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)149
TABLE 148IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (MILLION UNITS)150
TABLE 149IO-LINK MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (MILLION UNITS)150
10.4.1CHINA150
10.4.1.1Growing automation in manufacturing industry to drive market150
10.4.2JAPAN151
10.4.2.1Rising automotive industry to propel IO-Link market growth151
10.4.3SOUTH KOREA151
10.4.3.1Growing electronics industry to boost market growth151
10.4.4REST OF ASIA PACIFIC151
10.5REST OF THE WORLD151
TABLE 150IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2019–2022 (USD MILLION)151
TABLE 151IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2023–2028 (USD MILLION)152
TABLE 152IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2019–2022 (MILLION UNITS)152
TABLE 153IO-LINK MARKET IN REST OF THE WORLD, BY COMPONENT, 2023–2028 (MILLION UNITS)152
TABLE 154IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2019–2022 (USD MILLION)152
TABLE 155IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2023–2028 (USD MILLION)153
TABLE 156IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2019–2022 (MILLION UNITS)153
TABLE 157IO-LINK MARKET IN REST OF THE WORLD, BY APPLICATION, 2023–2028 (MILLION UNITS)153
TABLE 158IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2019–2022 (USD MILLION)153
TABLE 159IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2023–2028 (USD MILLION)154
TABLE 160IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2019–2022 (MILLION UNITS)154
TABLE 161IO-LINK MARKET IN REST OF THE WORLD, BY INDUSTRY, 2023–2028 (MILLION UNITS)154
TABLE 162IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2019–2022 (USD MILLION)154
TABLE 163IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)155
TABLE 164IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2019–2022 (MILLION UNITS)155
TABLE 165IO-LINK MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (MILLION UNITS)155
10.5.1MIDDLE EAST AND AFRICA (MEA)156
10.5.1.1Growing automation in oil & gas industry to propel demand for IO-Link156
10.5.2SOUTH AMERICA156
10.5.2.1Growing mining industry to drive IO-Link market156
11COMPETITIVE LANDSCAPE157
11.1INTRODUCTION157
11.2STRATEGIES ADOPTED BY KEY PLAYERS157
TABLE 166OVERVIEW OF STRATEGIES DEPLOYED BY KEY IO-LINK COMPANIES157
11.2.1PRODUCT PORTFOLIO158
11.2.2REGIONAL FOCUS158
11.2.3MANUFACTURING FOOTPRINT158
11.2.4ORGANIC/INORGANIC GROWTH STRATEGIES158
11.3FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE COMPANIES, 2017-2021158
FIGURE 51FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN IO-LINK MARKET158
11.4MARKET SHARE ANALYSIS: IO-LINK MARKET, 2022159
TABLE 167IO-LINK MARKET: MARKET SHARE ANALYSIS (2022)159
11.5MARKET EVALUATION QUADRANT, 2022160
11.5.1STARS160
11.5.2PERVASIVE PLAYERS160
11.5.3EMERGING LEADERS160
11.5.4PARTICIPANTS160
FIGURE 52COMPANY EVALUATION QUADRANT, 2022161
11.6COMPANY FOOTPRINT162
TABLE 168COMPANY FOOTPRINT162
TABLE 169INDUSTRY FOOTPRINT OF COMPANIES163
TABLE 170APPLICATION FOOTPRINT OF COMPANIES164
TABLE 171REGIONAL FOOTPRINT OF COMPANIES165
11.7STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022166
TABLE 172STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN IO-LINK MARKET166
11.7.1PROGRESSIVE COMPANIES166
11.7.2RESPONSIVE COMPANIES166
11.7.3DYNAMIC COMPANIES167
11.7.4STARTING BLOCKS167
FIGURE 53STARTUP/SME EVALUATION QUADRANT, 2022167
11.8COMPETITIVE SITUATIONS AND TRENDS168
11.8.1PRODUCT LAUNCHES168
TABLE 173PRODUCT LAUNCHES (2019–2022)168
11.8.2DEALS171
TABLE 174DEALS (2019–2022)171
12COMPANY PROFILES173
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1KEY PLAYERS173
12.1.1SIEMENS AG173
TABLE 175SIEMENS AG: BUSINESS OVERVIEW173
FIGURE 54SIEMENS AG: COMPANY SNAPSHOT174
TABLE 176SIEMENS AG: PRODUCTS OFFERED175
TABLE 177SIEMENS AG: PRODUCT LAUNCHES176
TABLE 178SIEMENS AG: DEALS177
12.1.2HANS TURCK GMBH & CO. KG178
TABLE 179HANS TURCK GMBH & CO. KG: BUSINESS OVERVIEW178
TABLE 180HANS TURCK GMBH & CO. KG: PRODUCT OFFERED178
TABLE 181HANS TURCK GMBH & CO. KG: PRODUCT LAUNCHES180
TABLE 182HANS TURCK GMBH & CO. KG: DEALS181
12.1.3BALLUFF GMBH182
TABLE 183BALLUFF: BUSINESS OVERVIEW182
TABLE 184BALLUFF GMBH: PRODUCTS OFFERED182
TABLE 185BALLUFF GMBH: PRODUCTS LAUNCHES184
12.1.4IFM ELECTRONIC GMBH186
TABLE 186IFM ELECTRONIC GMBH: BUSINESS OVERVIEW186
TABLE 187IFM ELECTRONIC GMBH: PRODUCTS OFFERED186
TABLE 188IFM ELECTRONIC GMBH: DEALS188
12.1.5SICK AG190
TABLE 189SICK AG: BUSINESS OVERVIEW190
FIGURE 55SICK AG: COMPANY SNAPSHOT191
TABLE 190SICK AG: PRODUCTS OFFERED192
TABLE 191SICK AG: PRODUCTS LAUNCHES193
TABLE 192SICK AG: DEALS193
12.1.6ROCKWELL AUTOMATION, INC.194
TABLE 193ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW194
FIGURE 56ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT195
TABLE 194ROCKWELL AUTOMATION, INC.: PRODUCTS OFFERED195
TABLE 195ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES199
12.1.7OMRON CORPORATION201
TABLE 196OMRON CORPORATION: BUSINESS OVERVIEW201
FIGURE 57OMRON CORPORATION: COMPANY SNAPSHOT202
TABLE 197OMRON CORPORATION: PRODUCTS OFFERED203
TABLE 198OMRON CORPORATION: PRODUCT LAUNCHES204
12.1.8PEPPERL+FUCHS205
TABLE 199PEPPERL+FUCHS: BUSINESS OVERVIEW205
TABLE 200PEPPERL+FUCHS: PRODUCTS OFFERED205
TABLE 201PEPPERL+FUCHS: PRODUCT LAUNCHES207
TABLE 202PEPPERL+FUCHS: DEALS207
12.1.9FESTO SE & CO. KG208
TABLE 203FESTO SE & CO. KG COMPANY: BUSINESS OVERVIEW208
TABLE 204FESTO SE & CO. KG: PRODUCTS OFFERED208
TABLE 205FESTO SE & CO. KG: DEALS209
12.1.10SMC CORPORATION210
TABLE 206SMC CORPORATION: BUSINESS OVERVIEW210
FIGURE 58SMC CORPORATION: COMPANY SNAPSHOT210
TABLE 207SMC CORPORATION: PRODUCTS OFFERED211
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12.2OTHER PLAYERS212
12.2.1BOSCH REXROTH AG212
12.2.2BAUMER213
12.2.3BELDEN INC.214
12.2.4BECKHOFF AUTOMATION GMBH & CO. KG215
12.2.5BANNER ENGINEERING CORP.216
12.2.6WEIDMÜLLER INTERFACE GMBH & CO. KG217
12.2.7PHOENIX CONTACT GMBH & CO. KG218
12.2.8WENGLOR SENSORIC GMBH218
12.2.9CARLO GAVAZZI HOLDING AG219
12.2.10DATALOGIC S.P.A.220
12.2.11BIHL+WIEDEMANN GMBH221
12.2.12MURRELEKTRONIK GMBH222
12.2.13JUMO GMBH & CO. KG223
12.2.14CORETIGO224
13APPENDIX225
13.1DISCUSSION GUIDE225
13.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL228
13.3CUSTOMIZATION OPTIONS230
13.4RELATED REPORTS230
13.5AUTHOR DETAILS231
