IO-Link Market Analysis

Component (IO-Link Master, IO-Link Devices, Sensor Nodes, Modules, Actuators, RFID Read Heads)

Based on component, IO-link master segment in the IO-link market is predicted to hold largest share of about 40% during the forecast period. The growth of the segment is due to the quick industrialization, growing automation, and industry 4.0 across all industries. For instance, in June 2019, UiPath released a research on the state of automation today and in the future. The poll found that 90% of the firms already use automation technologies for business process management. The need for IO-link masters is enormous because of the high pace of automation adoption across industries, and the key players in this IO-link market are responding to this need by introducing new products and making significant investments in the development of this solution. Contec Co. unveiled the IO-Link master solution CPSL-08P1EN in June 2019. It may be used with EtherNet/IP, PROFINET, CC-Link IE Field Basic, and Modbus TCP, among other industrial Ethernet-based system protocols.

Type (IO-Link Wired, OI-Link Wireless)

Based on type, OI-link wireless segment in the IO-link market is estimated to hold largest revenue share of about 55% during the forecast period. IO-link wireless allows sensors with low energy consumption to be included in real-time networks and provides roaming capabilities. Protocols for manufacturing and process automation work with IO-Link wireless. The IO-Link wireless segment is anticipated to see significant growth in the near future due to the growing demand for the IO-Link wireless protocol and the growing use of smart manufacturing across industries.

Our in-depth analysis of the global IO-link market includes the following segments: