IO-Link Market Size, Share & Trends Analysis Report By Technology (IO-Link Wired, IO-Link Wireless), By Component (IO-Link Masters, IO-Link Devices), By End-use, By Application, By Region, And Segment Forecasts, 2024

The global IO-Link market size was estimated at USD 13.51 billion in 2023 and is expected to grow at a CAGR of 19.2% from 2024 to 2030. The market is experiencing a surge in adoption within industrial automation owing to the growing demand for increased communication between sensors and actuators. This technology allows for seamless data exchange, improving the efficiency and reliability of industrial processes. The trend towards smart factories and Industry 4.0 is driving the demand for IO-Link systems, as they enable real-time data monitoring and predictive maintenance, reducing downtime and operational costs.

The integration of IO-Link technology into IIoT applications is a significant trend driving the market. IO-Link's ability to facilitate two-way communication between devices and control systems is crucial for implementing advanced IIoT solutions. This technology supports the collection and analysis of data from various sensors, enhancing decision-making processes and operational efficiency. As industries increasingly adopt IIoT to streamline operations, the demand for IO-Link is expected to grow.

The automotive sector is a key driver of the market, with manufacturers leveraging this technology to enhance production line automation. IO-Link systems help in monitoring and controlling various manufacturing processes, ensuring higher precision and quality. The trend towards electric and autonomous vehicles is further boosting the demand for advanced automation solutions, including IO-Link, to maintain competitive production standards and meet stringent quality requirements.

Recent advancements in IO-Link wireless technology are opening new opportunities for the market. Wireless IO-Link systems eliminate the need for complex wiring, reducing installation costs and enhancing flexibility in industrial setups. This trend is particularly beneficial in applications where cabling is impractical or costly, such as rotating machinery or mobile equipment. The development of robust and reliable wireless IO-Link solutions is expected to drive market growth significantly.

Moreover, the food and beverage industry are increasingly adopting IO-Link technology to improve production efficiency and ensure compliance with stringent safety standards. IO-Link systems enable precise control and monitoring of processing equipment, ensuring product quality and consistency. The trend towards automation in this industry, driven by the need for high hygiene standards and traceability, is expected to fuel the growth of the market.

Global IO-Link Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global IO-Link market report based on technology, component, end-use, application, and region.

Technology Outlook (Revenue, USD Million, 2018 - 2030)
IO-Link Wired
IO-Link Wireless
Component Outlook (Revenue, USD Million, 2018 - 2030)
IO-Link Masters
- PROFINET
- EtherNet/IP
- Modbus-TCP
- EtherCAT
- Multiprotocol
- Others
IO-Link Devices
- Sensor Nodes
- Modules
- Actuators
- Others
End-use Outlook (Revenue, USD Million, 2018 - 2030)
Aerospace & Defense
Automotive
Manufacturing
Electronics & Semiconductors
F&B (Food & Beverages)
Pharmaceuticals
Chemicals
Oil & Gas
Packaging
Utilities
Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
Monitoring
Predictive Maintenance
Process Automation
Quality Control
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
Latin America
- Brazil
Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa

Product Code: GVR-4-68040-396-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
1.4. 4 Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. IO-Link Market Snapshot
2.2. IO-Link Market- Segment Snapshot (1/2)
2.3. IO-Link Market- Segment Snapshot (2/2)
2.4. IO-Link Market- Competitive Landscape Snapshot

Chapter 3. IO-Link Market - Industry Outlook

3.1. Market Overview
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces analysis
- 3.4.2. Macroeconomic analysis
3.5. IO-Link Market - Technology Trends

Chapter 4. IO-Link Market: Technology Estimates & Trend Analysis

4.1. Technology Movement Analysis & Market Share, 2023 & 2030
4.2. IO-Link Market Estimates & Forecast, By Technology (USD Million)
- 4.2.1. IO-Link Wired
- 4.2.2. IO-Link Wireless

Chapter 5. IO-Link Market: Component Estimates & Trend Analysis

5.1. Component Movement Analysis & Market Share, 2023 & 2030
5.2. IO-Link Market Estimates & Forecast, By Component (USD Million)
- 5.2.1. IO-Link Masters
  - 5.2.1.1. PROFINET
  - 5.2.1.2. EtherNet/IP
  - 5.2.1.3. Modbus-TCP
  - 5.2.1.4. EtherCAT
  - 5.2.1.5. Multiprotocol
  - 5.2.1.6. Others
- 5.2.2. IO-Link Devices
  - 5.2.2.1. Sensor Nodes
  - 5.2.2.2. Modules
  - 5.2.2.3. Actuators
  - 5.2.2.4. Others

Chapter 6. IO-Link Market: End Use Estimates & Trend Analysis

6.1. End Use Movement Analysis & Market Share, 2023 & 2030
6.2. IO-Link Market Estimates & Forecast, By End Use (USD Million)
- 6.2.1. Aerospace & Defense
- 6.2.2. Automotive
- 6.2.3. Manufacturing
- 6.2.4. Electronics & Semiconductors
- 6.2.5. F&B (Food & Beverages)
- 6.2.6. Pharmaceuticals
- 6.2.7. Chemicals
- 6.2.8. Oil & Gas
- 6.2.9. Packaging
- 6.2.10. Utilities
- 6.2.11. Others

Chapter 7. IO-Link Market: Application Estimates & Trend Analysis

7.1. Application Movement Analysis & Market Share, 2023 & 2030
7.2. IO-Link Market Estimates & Forecast, By Application (USD Million)
- 7.2.1. Monitoring
- 7.2.2. Predictive Maintenance
- 7.2.3. Process Automation
- 7.2.4. Quality Control
- 7.2.5. Others

Chapter 8. Regional Estimates & Trend Analysis

8.1. IO-Link Market by Region, 2023 & 2030
8.2. North America
- 8.2.1. North America IO-Link Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.2.4. Mexico
8.3. Europe
- 8.3.1. Europe IO-Link Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.3. U.K.
- 8.3.4. France
8.4. Asia Pacific
- 8.4.1. Asia Pacific IO-Link Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
8.5. Latin America
- 8.5.1. Latin America IO-Link Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
8.6. Middle East & Africa (MEA)
- 8.6.1. MEA IO-Link Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
- 8.6.3. UAE
- 8.6.4. South Africa

Chapter 9. IO-Link Market - Competitive Landscape

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant's Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Positioning
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Collaborations/Partnerships
- 9.8.3. New Product Launches
- 9.8.4. Research & Development
9.9. Company Profiles
- 9.9.1. Balluff Automation India Pvt. Ltd.
  - 9.9.1.1. Participant's Overview
  - 9.9.1.2. Financial Performance
  - 9.9.1.3. Product Benchmarking
  - 9.9.1.4. Recent Developments
- 9.9.2. Beckhoff Automation GmbH & Co. KG
  - 9.9.2.1. Participant's Overview
  - 9.9.2.2. Financial Performance
  - 9.9.2.3. Product Benchmarking
  - 9.9.2.4. Recent Developments
- 9.9.3. Belden Inc.
  - 9.9.3.1. Participant's Overview
  - 9.9.3.2. Financial Performance
  - 9.9.3.3. Product Benchmarking
  - 9.9.3.4. Recent Developments
- 9.9.4. Bosch Rexroth Corporation
  - 9.9.4.1. Participant's Overview
  - 9.9.4.2. Financial Performance
  - 9.9.4.3. Product Benchmarking
  - 9.9.4.4. Recent Developments
- 9.9.5. Datalogic S.p.A.
  - 9.9.5.1. Participant's Overview
  - 9.9.5.2. Financial Performance
  - 9.9.5.3. Product Benchmarking
  - 9.9.5.4. Recent Developments
- 9.9.6. Emerson Electric Co.
  - 9.9.6.1. Participant's Overview
  - 9.9.6.2. Financial Performance
  - 9.9.6.3. Product Benchmarking
  - 9.9.6.4. Recent Developments
- 9.9.7. OMRON Corporation
  - 9.9.7.1. Participant's Overview
  - 9.9.7.2. Financial Performance
  - 9.9.7.3. Product Benchmarking
  - 9.9.7.4. Recent Developments
- 9.9.8. Rockwell Automation Inc.
  - 9.9.8.1. Participant's Overview
  - 9.9.8.2. Financial Performance
  - 9.9.8.3. Product Benchmarking
  - 9.9.8.4. Recent Developments
- 9.9.9. SICK AG
  - 9.9.9.1. Participant's Overview
  - 9.9.9.2. Financial Performance
  - 9.9.9.3. Product Benchmarking
  - 9.9.9.4. Recent Developments
- 9.9.10. Siemens AG
  - 9.9.10.1. Participant's Overview
  - 9.9.10.2. Financial Performance
  - 9.9.10.3. Product Benchmarking
  - 9.9.10.4. Recent Developments

Product Code: GVR-4-68040-396-9

List of Tables

Table 1 Key market driver impact
Table 2 Key market restraint impact
Table 3 IO-Link Market Revenue Estimates and Forecast, By Technology, 2018 - 2030 (USD Million)
Table 4 IO-Link Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
Table 5 IO-Link Market Revenue Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
Table 6 IO-Link Market Revenue Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
Table 7 Recent Developments & Impact Analysis, By Key Market Participants
Table 8 Company Heat Map Analysis
Table 9 Key Companies Launching New Products
Table 10 Key Companies Pursuing Expansions
Table 11 Key Companies Pursuing Mergers & Acquisitions
Table 12 Key Companies Striking Collaborations/Partnerships

List of Figures

Fig. 1 Market Segmentation And Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot (1/2)
Fig. 8 Segment Snapshot (2/2)
Fig. 9 Competitive Landscape Snapshot
Fig. 10 IO-Link Market - Value Chain Analysis
Fig. 11 IO-Link Market - Market Dynamics
Fig. 12 IO-Link Market - Porter's Five Forces Analysis
Fig. 13 IO-Link Market - PESTEL Analysis
Fig. 14 IO-Link Market, By Technology: Key Takeaways
Fig. 15 IO-Link Market, By Technology: Market Share, 2023 & 2030
Fig. 16 IO-Link Wired Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 17 IO-Link Wireless Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 18 IO-Link Market, By Component: Key Takeaways
Fig. 19 IO-Link Market, By Component: Market Share, 2023 & 2030
Fig. 20 IO-Link Masters Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 21 PROFINET Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 22 EtherNet/IP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 23 Modbus-TCP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 EtherCAT Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 25 Multiprotocol Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 27 IO-Link Devices Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 28 Sensor Nodes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 29 Modules Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 30 Actuators Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 31 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 IO-Link Market, By End Use: Key Takeaways
Fig. 33 IO-Link Market, By End Use: Market Share, 2023 & 2030
Fig. 34 Aerospace & Defense Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Electronics & Semiconductors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 F&B (Food & Beverages) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Pharmaceuticals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Oil & Gas Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 IO-Link Market, By Application: Key Takeaways
Fig. 46 IO-Link Market, By Application: Market Share, 2023 & 2030
Fig. 47 Monitoring Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 Predictive Maintenance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 Process Automation Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Quality Control Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Regional Marketplace: Key Takeaways
Fig. 53 Regional Marketplace: Key Takeaways
Fig. 54 North America IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 55 U.S. IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 56 Canada IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 57 Mexico IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 58 Europe IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 59 Germany IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 60 U.K. IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 61 France IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 62 Asia Pacific IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 63 China IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 64 India IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 65 Japan IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 66 Australia IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 67 South Korea IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 68 Latin America IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 69 Brazil IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 70 MEA IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 71 Saudi Arabia IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 72 South Africa IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 73 UAE IO-Link Market Estimates & Forecast, 2018 - 2030 (USD Million)
Fig. 74 Key Company Categorization
Fig. 75 Company Market Positioning
Fig. 76 Strategic Framework

IO-Link Market Size, Share & Trends Analysis Report By Technology (IO-Link Wired, IO-Link Wireless), By Component (IO-Link Masters, IO-Link Devices), By End-use, By Application, By Region, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

IO-Link Market Size & Trends:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. IO-Link Market - Industry Outlook

Chapter 4. IO-Link Market: Technology Estimates & Trend Analysis

Chapter 5. IO-Link Market: Component Estimates & Trend Analysis

Chapter 6. IO-Link Market: End Use Estimates & Trend Analysis

Chapter 7. IO-Link Market: Application Estimates & Trend Analysis

Chapter 8. Regional Estimates & Trend Analysis

Chapter 9. IO-Link Market - Competitive Landscape

List of Tables

List of Figures