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IO-Link Market Share

Report ID: GMI5601
Published Date: May 2023
Report Format: PDF

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IO-Link Market Share

Some of the leading IO-Link industry participants include :

Rockwell automation
OMRON Corporation
Hans Turck GmbH & Co. KG
Banner Engineering
Balluf GmbH
and ifm electronic GmbH.

These companies are working advancements and introducing new solutions in IO links for gaining competitive edges.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for IO-Link was worth over USD 7 billion in 2022 and will exhibit more than 20% CAGR from 2023-2032 due to the increasing deployment of Industry 4.0.

IO-link industry share from electronic applications may surpass USD 16 billion by the end of 2032 on account of the rising penetration of industry 4.0 in automation technology.

Europe market from IO-link will observe more than 22% CAGR from 2023-2032 driven by the increasing production of motor vehicles, aerospace parts, and robots.

Rockwell automation, OMRON Corporation, Hans Turck GmbH & Co. KG, Banner Engineering, Balluf GmbH, and ifm electronic GmbH are some of the renowned IO-Link companies.