IO-Link Market Size

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. In the year 2025, the industry size of IO-link is estimated at USD 19.63 billion. The growth of the market is boosted by the governments of several nations investing more money to hasten the adoption of industrial automation. At least 30% of the duties in about 60% of all occupations might be automated. Global productivity will increase through automation by.8% to 1.4% per year.

In addition to these, Scalability and flexibility are provided by IO-Link to satisfy changing industry needs. It supports a broad range of devices and makes it easy to expand and integrate new devices into current systems. Because of its compatibility with a wide range of fieldbus systems, IO-Link is an adaptable choice for a variety of industrial infrastructures, allowing both modern and traditional communication technologies to coexist harmoniously.