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IO-Link Market - Top Companies and Manufacturers

  • Report ID: 5988
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Companies Dominating the IO-Link Landscape

    • ifm electronic GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SICK AG
    • Balluff GmbH
    • Banner Engineering Corp.
    • Siemens AG
    • Rockwell Automation, Inc.
    • Festo SE & Co. KG
    • Datalogic S.p.A
    • Hans Turck GmbH & Co. KG
    • Pepperl + Fuchs
Browse Key Market Insights with Data Illustration:

In the News

  • March 2020: Siemens added backplane bus to their distributed I/O system and more modules for the SIMATIC ET 200MP/SIMATIC S7-1500 IOs. Users may install many channels in the control cabinet while saving money and space thanks to a total of four new multi-channel digital modules, each with 64 channels and an installation width of 35 millimeters.
  • March 2021: Balluff GmbH introduced the sensors, which monitor temperature, relative humidity, tilt, and vibration. The sensors are self-monitoring and offer internal environmental data in real time. LEDs on the sensor indicate the quality of the signal, and IO-Link can be used to control things like operation time and hours.

Author Credits:  Abhishek Verma


  • Report ID: 5988
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of IO-link is estimated at USD 19.63 billion.

The IO-link market size was valued at USD 16.98 billion in 2024 and is likely to cross USD 172.08 billion by 2037, expanding at more than 19.5% CAGR during the forecast period i.e., between 2025-2037. The growth of the market is boosted by the governments of several nations investing more money to hasten the adoption of industrial automation will drive the market growth.

Europe industry is predicted to account for largest revenue share of 35% by 2037, impelled by increasing need in the manufacturing sector in the region.

The major players in the market include ifm electronic GmbH, SICK AG, Balluff GmbH, Banner Engineering Corp., Siemens AG, Rockwell Automation, Inc., Festo SE & Co. KG, Datalogic S.p.A, Hans Turck GmbH & Co. KG, Pepperl + Fuchs
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