IO-Link is a short distance, bi-directional, digital, point-to-point, wired (or wireless), industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial fieldbus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations. An IO-Link system consists of an IO-Link master and one or more IO-Link devices, i.e. Sensors or Actuators. The IO-Link master provides the interface to the higher-level controller (PLC) and controls the communication with the connected IO-Link devices.
This report contains market size and forecasts of IO-Link in Global, including the following market information:
Global IO-Link Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IO-Link market was valued at 2603.2 million in 2021 and is projected to reach US$ 5741.5 million by 2028, at a CAGR of 12.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
IO-Link Master Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IO-Link include SICK, Siemens, Murrelektronik, ifm Electronic, Rockwel Automation, Beckhoff, Baumer Group, Turck and WAGO, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the IO-Link companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IO-Link Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IO-Link Market Segment Percentages, by Type, 2021 (%)
- IO-Link Master
- IO-Link Sensor
- Others
Global IO-Link Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IO-Link Market Segment Percentages, by Application, 2021 (%)
- Machine Tool & Assembly Line
- Intralogistics
- Packaging
- Others
Global IO-Link Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IO-Link Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- - US
- - Canada
- - Mexico
- Europe
- - Germany
- - France
- - U.K.
- - Italy
- - Russia
- - Nordic Countries
- - Benelux
- - Rest of Europe
- Asia
- - China
- - Japan
- - South Korea
- - Southeast Asia
- - India
- - Rest of Asia
- South America
- - Brazil
- - Argentina
- - Rest of South America
- Middle East & Africa
- - Turkey
- - Israel
- - Saudi Arabia
- - UAE
- - Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IO-Link revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IO-Link revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- SICK
- Siemens
- Murrelektronik
- ifm Electronic
- Rockwel Automation
- Beckhoff
- Baumer Group
- Turck
- WAGO
- Belden
- Bosch Rexforth
- Pepperl+Fuchs
- Balluff
- Wenglor
- Weidmüller
- Omron
IO-Link Market - Global Outlook and Forecast 2022-2028
Table of Contents
1 Introduction to Research & Analysis Reports
1.1 IO-Link Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global IO-Link Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global IO-Link Overall Market Size
2.1 Global IO-Link Market Size: 2021 VS 2028
2.2 Global IO-Link Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top IO-Link Players in Global Market
3.2 Top Global IO-Link Companies Ranked by Revenue
3.3 Global IO-Link Revenue by Companies
3.4 Top 3 and Top 5 IO-Link Companies in Global Market, by Revenue in 2021
3.5 Global Companies IO-Link Product Type
3.6 Tier 1, Tier 2 and Tier 3 IO-Link Players in Global Market
3.6.1 List of Global Tier 1 IO-Link Companies
3.6.2 List of Global Tier 2 and Tier 3 IO-Link Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global IO-Link Market Size Markets, 2021 & 2028
4.1.2 IO-Link Master
4.1.3 IO-Link Sensor
4.1.4 Others
4.2 By Type - Global IO-Link Revenue & Forecasts
4.2.1 By Type - Global IO-Link Revenue, 2017-2022
4.2.2 By Type - Global IO-Link Revenue, 2023-2028
4.2.3 By Type - Global IO-Link Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global IO-Link Market Size, 2021 & 2028
5.1.2 Machine Tool & Assembly Line
5.1.3 Intralogistics
5.1.4 Packaging
5.1.5 Others
5.2 By Application - Global IO-Link Revenue & Forecasts
5.2.1 By Application - Global IO-Link Revenue, 2017-2022
5.2.2 By Application - Global IO-Link Revenue, 2023-2028
5.2.3 By Application - Global IO-Link Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global IO-Link Market Size, 2021 & 2028
6.2 By Region - Global IO-Link Revenue & Forecasts
6.2.1 By Region - Global IO-Link Revenue, 2017-2022
6.2.2 By Region - Global IO-Link Revenue, 2023-2028
6.2.3 By Region - Global IO-Link Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America IO-Link Revenue, 2017-2028
6.3.2 US IO-Link Market Size, 2017-2028
6.3.3 Canada IO-Link Market Size, 2017-2028
6.3.4 Mexico IO-Link Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe IO-Link Revenue, 2017-2028
6.4.2 Germany IO-Link Market Size, 2017-2028
6.4.3 France IO-Link Market Size, 2017-2028
6.4.4 U.K. IO-Link Market Size, 2017-2028
6.4.5 Italy IO-Link Market Size, 2017-2028
6.4.6 Russia IO-Link Market Size, 2017-2028
6.4.7 Nordic Countries IO-Link Market Size, 2017-2028
6.4.8 Benelux IO-Link Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia IO-Link Revenue, 2017-2028
6.5.2 China IO-Link Market Size, 2017-2028
6.5.3 Japan IO-Link Market Size, 2017-2028
6.5.4 South Korea IO-Link Market Size, 2017-2028
6.5.5 Southeast Asia IO-Link Market Size, 2017-2028
6.5.6 India IO-Link Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America IO-Link Revenue, 2017-2028
6.6.2 Brazil IO-Link Market Size, 2017-2028
6.6.3 Argentina IO-Link Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa IO-Link Revenue, 2017-2028
6.7.2 Turkey IO-Link Market Size, 2017-2028
6.7.3 Israel IO-Link Market Size, 2017-2028
6.7.4 Saudi Arabia IO-Link Market Size, 2017-2028
6.7.5 UAE IO-Link Market Size, 2017-2028
7 Players Profiles
7.1 SICK
7.1.1 SICK Corporate Summary
7.1.2 SICK Business Overview
7.1.3 SICK IO-Link Major Product Offerings
7.1.4 SICK IO-Link Revenue in Global Market (2017-2022)
7.1.5 SICK Key News
7.2 Siemens
7.2.1 Siemens Corporate Summary
7.2.2 Siemens Business Overview
7.2.3 Siemens IO-Link Major Product Offerings
7.2.4 Siemens IO-Link Revenue in Global Market (2017-2022)
7.2.5 Siemens Key News
7.3 Murrelektronik
7.3.1 Murrelektronik Corporate Summary
7.3.2 Murrelektronik Business Overview
7.3.3 Murrelektronik IO-Link Major Product Offerings
7.3.4 Murrelektronik IO-Link Revenue in Global Market (2017-2022)
7.3.5 Murrelektronik Key News
7.4 ifm Electronic
7.4.1 ifm Electronic Corporate Summary
7.4.2 ifm Electronic Business Overview
7.4.3 ifm Electronic IO-Link Major Product Offerings
7.4.4 ifm Electronic IO-Link Revenue in Global Market (2017-2022)
7.4.5 ifm Electronic Key News
7.5 Rockwel Automation
7.5.1 Rockwel Automation Corporate Summary
7.5.2 Rockwel Automation Business Overview
7.5.3 Rockwel Automation IO-Link Major Product Offerings
7.5.4 Rockwel Automation IO-Link Revenue in Global Market (2017-2022)
7.5.5 Rockwel Automation Key News
7.6 Beckhoff
7.6.1 Beckhoff Corporate Summary
7.6.2 Beckhoff Business Overview
7.6.3 Beckhoff IO-Link Major Product Offerings
7.6.4 Beckhoff IO-Link Revenue in Global Market (2017-2022)
7.6.5 Beckhoff Key News
7.7 Baumer Group
7.7.1 Baumer Group Corporate Summary
7.7.2 Baumer Group Business Overview
7.7.3 Baumer Group IO-Link Major Product Offerings
7.7.4 Baumer Group IO-Link Revenue in Global Market (2017-2022)
7.7.5 Baumer Group Key News
7.8 Turck
7.8.1 Turck Corporate Summary
7.8.2 Turck Business Overview
7.8.3 Turck IO-Link Major Product Offerings
7.8.4 Turck IO-Link Revenue in Global Market (2017-2022)
7.8.5 Turck Key News
7.9 WAGO
7.9.1 WAGO Corporate Summary
7.9.2 WAGO Business Overview
7.9.3 WAGO IO-Link Major Product Offerings
7.9.4 WAGO IO-Link Revenue in Global Market (2017-2022)
7.9.5 WAGO Key News
7.10 Belden
7.10.1 Belden Corporate Summary
7.10.2 Belden Business Overview
7.10.3 Belden IO-Link Major Product Offerings
7.10.4 Belden IO-Link Revenue in Global Market (2017-2022)
7.10.5 Belden Key News
7.11 Bosch Rexforth
7.11.1 Bosch Rexforth Corporate Summary
7.11.2 Bosch Rexforth Business Overview
7.11.3 Bosch Rexforth IO-Link Major Product Offerings
7.11.4 Bosch Rexforth IO-Link Revenue in Global Market (2017-2022)
7.11.5 Bosch Rexforth Key News
7.12 Pepperl+Fuchs
7.12.1 Pepperl+Fuchs Corporate Summary
7.12.2 Pepperl+Fuchs Business Overview
7.12.3 Pepperl+Fuchs IO-Link Major Product Offerings
7.12.4 Pepperl+Fuchs IO-Link Revenue in Global Market (2017-2022)
7.12.5 Pepperl+Fuchs Key News
7.13 Balluff
7.13.1 Balluff Corporate Summary
7.13.2 Balluff Business Overview
7.13.3 Balluff IO-Link Major Product Offerings
7.13.4 Balluff IO-Link Revenue in Global Market (2017-2022)
7.13.5 Balluff Key News
7.14 Wenglor
7.14.1 Wenglor Corporate Summary
7.14.2 Wenglor Business Overview
7.14.3 Wenglor IO-Link Major Product Offerings
7.14.4 Wenglor IO-Link Revenue in Global Market (2017-2022)
7.14.5 Wenglor Key News
7.15 Weidmüller
7.15.1 Weidmüller Corporate Summary
7.15.2 Weidmüller Business Overview
7.15.3 Weidmüller IO-Link Major Product Offerings
7.15.4 Weidmüller IO-Link Revenue in Global Market (2017-2022)
7.15.5 Weidmüller Key News
7.16 Omron
7.16.1 Omron Corporate Summary
7.16.2 Omron Business Overview
7.16.3 Omron IO-Link Major Product Offerings
7.16.4 Omron IO-Link Revenue in Global Market (2017-2022)
7.16.5 Omron Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. IO-Link Market Opportunities & Trends in Global Market
Table 2. IO-Link Market Drivers in Global Market
Table 3. IO-Link Market Restraints in Global Market
Table 4. Key Players of IO-Link in Global Market
Table 5. Top IO-Link Players in Global Market, Ranking by Revenue (2021)
Table 6. Global IO-Link Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global IO-Link Revenue Share by Companies, 2017-2022
Table 8. Global Companies IO-Link Product Type
Table 9. List of Global Tier 1 IO-Link Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 IO-Link Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type - Global IO-Link Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - IO-Link Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - IO-Link Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application - Global IO-Link Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - IO-Link Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - IO-Link Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region - Global IO-Link Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global IO-Link Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global IO-Link Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America IO-Link Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America IO-Link Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe IO-Link Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe IO-Link Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia IO-Link Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia IO-Link Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America IO-Link Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America IO-Link Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa IO-Link Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa IO-Link Revenue, (US$, Mn), 2023-2028
Table 30. SICK Corporate Summary
Table 31. SICK IO-Link Product Offerings
Table 32. SICK IO-Link Revenue (US$, Mn), (2017-2022)
Table 33. Siemens Corporate Summary
Table 34. Siemens IO-Link Product Offerings
Table 35. Siemens IO-Link Revenue (US$, Mn), (2017-2022)
Table 36. Murrelektronik Corporate Summary
Table 37. Murrelektronik IO-Link Product Offerings
Table 38. Murrelektronik IO-Link Revenue (US$, Mn), (2017-2022)
Table 39. ifm Electronic Corporate Summary
Table 40. ifm Electronic IO-Link Product Offerings
Table 41. ifm Electronic IO-Link Revenue (US$, Mn), (2017-2022)
Table 42. Rockwel Automation Corporate Summary
Table 43. Rockwel Automation IO-Link Product Offerings
Table 44. Rockwel Automation IO-Link Revenue (US$, Mn), (2017-2022)
Table 45. Beckhoff Corporate Summary
Table 46. Beckhoff IO-Link Product Offerings
Table 47. Beckhoff IO-Link Revenue (US$, Mn), (2017-2022)
Table 48. Baumer Group Corporate Summary
Table 49. Baumer Group IO-Link Product Offerings
Table 50. Baumer Group IO-Link Revenue (US$, Mn), (2017-2022)
Table 51. Turck Corporate Summary
Table 52. Turck IO-Link Product Offerings
Table 53. Turck IO-Link Revenue (US$, Mn), (2017-2022)
Table 54. WAGO Corporate Summary
Table 55. WAGO IO-Link Product Offerings
Table 56. WAGO IO-Link Revenue (US$, Mn), (2017-2022)
Table 57. Belden Corporate Summary
Table 58. Belden IO-Link Product Offerings
Table 59. Belden IO-Link Revenue (US$, Mn), (2017-2022)
Table 60. Bosch Rexforth Corporate Summary
Table 61. Bosch Rexforth IO-Link Product Offerings
Table 62. Bosch Rexforth IO-Link Revenue (US$, Mn), (2017-2022)
Table 63. Pepperl+Fuchs Corporate Summary
Table 64. Pepperl+Fuchs IO-Link Product Offerings
Table 65. Pepperl+Fuchs IO-Link Revenue (US$, Mn), (2017-2022)
Table 66. Balluff Corporate Summary
Table 67. Balluff IO-Link Product Offerings
Table 68. Balluff IO-Link Revenue (US$, Mn), (2017-2022)
Table 69. Wenglor Corporate Summary
Table 70. Wenglor IO-Link Product Offerings
Table 71. Wenglor IO-Link Revenue (US$, Mn), (2017-2022)
Table 72. Weidmüller Corporate Summary
Table 73. Weidmüller IO-Link Product Offerings
Table 74. Weidmüller IO-Link Revenue (US$, Mn), (2017-2022)
Table 75. Omron Corporate Summary
Table 76. Omron IO-Link Product Offerings
Table 77. Omron IO-Link Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. IO-Link Segment by Type in 2021
Figure 2. IO-Link Segment by Application in 2021
Figure 3. Global IO-Link Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global IO-Link Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global IO-Link Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by IO-Link Revenue in 2021
Figure 8. By Type - Global IO-Link Revenue Market Share, 2017-2028
Figure 9. By Application - Global IO-Link Revenue Market Share, 2017-2028
Figure 10. By Region - Global IO-Link Revenue Market Share, 2017-2028
Figure 11. By Country - North America IO-Link Revenue Market Share, 2017-2028
Figure 12. US IO-Link Revenue, (US$, Mn), 2017-2028
Figure 13. Canada IO-Link Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico IO-Link Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe IO-Link Revenue Market Share, 2017-2028
Figure 16. Germany IO-Link Revenue, (US$, Mn), 2017-2028
Figure 17. France IO-Link Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. IO-Link Revenue, (US$, Mn), 2017-2028
Figure 19. Italy IO-Link Revenue, (US$, Mn), 2017-2028
Figure 20. Russia IO-Link Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries IO-Link Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux IO-Link Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia IO-Link Revenue Market Share, 2017-2028
Figure 24. China IO-Link Revenue, (US$, Mn), 2017-2028
Figure 25. Japan IO-Link Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea IO-Link Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia IO-Link Revenue, (US$, Mn), 2017-2028
Figure 28. India IO-Link Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America IO-Link Revenue Market Share, 2017-2028
Figure 30. Brazil IO-Link Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina IO-Link Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa IO-Link Revenue Market Share, 2017-2028
Figure 33. Turkey IO-Link Revenue, (US$, Mn), 2017-2028
Figure 34. Israel IO-Link Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia IO-Link Revenue, (US$, Mn), 2017-2028
Figure 36. UAE IO-Link Revenue, (US$, Mn), 2017-2028
Figure 37. SICK IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Siemens IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Murrelektronik IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. ifm Electronic IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Rockwel Automation IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Beckhoff IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Baumer Group IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Turck IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. WAGO IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Belden IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Bosch Rexforth IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. Pepperl+Fuchs IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 49. Balluff IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 50. Wenglor IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 51. Weidmüller IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 52. Omron IO-Link Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
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