PUBLISHER: Market Research Future | PRODUCT CODE: 1637069
PUBLISHER: Market Research Future | PRODUCT CODE: 1637069
Report on Asia-Pacific IO-Link Market Research by Type (IO-Link Wired and IO-Link Wireless), by Component (IO-Link Masters and IO-Link Devices), by Industry (Process Industries, Discrete Industries and Hybrid Industries), by Application (Machine Tools, Handling and Assembly Automation Systems, Intralogistics Solutions and Packaging Automation Solutions) Forecast to 2032
According to MRFR, the Asia-Pacific IO-LINK Market has experienced substantial growth in recent years. It is estimated to reach USD 33,147.57 million by 2032, growing at a CAGR of 23.7% over the forecast period (2024-2032).
IO-Link connects the next generation of Industry 4.0 devices. IO-Link is an IEC-compliant, serial, bidirectional point-to-point connection for signal transfer and power delivery. IO-Link adds intelligence to industrial factories by linking the field level to the automation system. IO-Link is global, clever, and simple to install and use. IO-Link solutions enable the field-level connecting of sensors and actuators to the control network. This IEC-approved protocol is powerful but easy to install and operate, making it a popular choice for industrial applications.
Embedded sensors and actuators are widely used in all gear involved in industrial automation processes. Operating and maintaining this intricate web of components involves numerous issues. IO-Link is an excellent option, offering an intelligent point-to-point connection for quick, extended access to machine and equipment data. Compliant with I/O standards, IO-Link provides direct access to the smallest components-sensors and actuators. This powerful new technology makes obtaining bottom-line data and optimizing production processes simple and efficient.
Marketing Segmentation
The Asia Pacific IO link market is divided into five segments: type, component, industry, application, and industry.
The market is divided into two types: IO-Link Wireless and IO-Link Wired.
The market is divided into two segments based on component: IO-Link Masters and IO-Link Devices.
The market is divided into three industry segments: process industries, discrete industries, and hybrid industries.
The market is divided into four segments based on application: machine tools, handling and assembly automation systems, intralogistics solutions, and packaging automation solutions.
The market is divided into countries such as China, India, Japan, South Korea, Indonesia, Thailand, Vietnam, Taiwan, Singapore, the Philippines, Australia, New Zealand, Bangladesh, Malaysia, and the rest of Asia Pacific.
The major players that contributed significantly to the growth of the Asia-Pacific IO-LINK market include TURCK India Automation Pvt. Ltd., IFM Electronics, Omron, Siemens, Festo, Sensata Technologies, Endress+Hauser, Banner Engineering, Rockwell, Pepperl+Fuchs, SMC Corporation, Belden Inc., STMicroelectronics, SICK AG, and Analog Devices, Inc.