The IO-Link Global Market Report 2023, provides comprehensive information on the IO-link market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The IO-Link Market’s Growth:
https://www.thebusinessresearchcompany.com/report/io-link-global-market-report
As per The Business Research Company’s IO-Link Global Market Report 2023, the market size is expected to grow from $8.17 billion in 2022 to $10.43 billion in 2023 at a compound annual growth rate (CAGR) of 27.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IO-link market size is expected to reach $26.23 billion in 2027 at a CAGR of 25.9%.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=10548&type=smp
The adoption of next-generation technologies is a key trend gaining popularity in the IO-link market. Major market players are concentrating their efforts on creating next-generation technologies such as IoT, industrial robotics, and cloud technologies to sustain their position in the market. For instance, in January 2022, ASIX Electronics Corporation, a Taiwan-based IC design company that specializes in network connectivity, Ethernet, and USB solutions. launched AX58400 EtherCAT to IO-link gateway solution. It is a gateway that uses a combination of EtherCAT industrial Ethernet fieldbus technology and IO-Link intelligent communication technology that supports up to 8 IO-link devices, such as smart sensors and actuators, and allows for parameterization and diagnostics of IO-Link devices via EtherCAT. This allows for easy configuration and monitoring of IO-link devices.
The IO-link market is segmented:
1) By Component: IO-link Master, IO-link Devices, Sensor Nodes, Modules, Actuators, RFID Read Heads, Other Components
2) By Application: Machine Tool, Handling And Assembly Automation, Packaging, Intralogistics
3) By Industry Vertical: Oil And Gas, Energy And Power, Automotive, Aerospace And Defense, Pharmaceuticals, Food And Beverages, Chemicals, Other Industry Verticals
Europe was the largest region in the IO-link market in 2022.
The table of contents in TBRC’s IO-link market report includes:
.
.
.
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The veterinary patient monitoring equipment global market report 2024 from The Business Research Company provides…
The veterinary parasiticides global market report 2024 from The Business Research Company provides comprehensive market…
The veterinary healthcare global market report 2024 from The Business Research Company provides comprehensive market…
The veterinary diagnostic equipment global market report 2024 from The Business Research Company provides comprehensive…
The veterinary anesthesia equipment global market report 2024 from The Business Research Company provides comprehensive…
The vermiculite global market report 2024 from The Business Research Company provides comprehensive market statistics,…