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Global IO-Link Market Report 2021: Market to Reach $26.8 Billion by 2027 - U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 35.7% CAGR - ResearchAndMarkets.com

March 26, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Mar 26, 2021--

The “IO-Link - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global IO-Link Market to Reach $26.8 Billion by 2027

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Amid the COVID-19 crisis, the global market for IO-Link estimated at US$ 4.6 Billion in the year 2020, is projected to reach a revised size of US$ 26.8 Billion by 2027, growing at a CAGR of 28.8% over the period 2020-2027.

Devices, one of the segments analyzed in the report, is projected to record 28.3% CAGR and reach US$ 15.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Masters segment is readjusted to a revised 29.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 35.7% CAGR

The IO-Link market in the U.S. is estimated at US$ 1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 6.8 Billion by the year 2027 trailing a CAGR of 35.6% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 26.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.7% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • IO-Link Competitor Market Share Scenario Worldwide (in %): 2020E
  • Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 35 Featured):

  • Balluff
  • Baumer Group
  • Beckhoff
  • Belden
  • Bosch Rexforth
  • Carlo Gavazzi
  • Datalogic
  • IFM Electronic
  • MESCO
  • Murrelektronik
  • Omron
  • Pepperl+Fuchs
  • Rockwell Automation
  • SICK
  • Siemens
  • Turck
  • WAGO
  • Weidmuller
  • Wenglor

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3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Market Facts & Figures
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/mqmfnq

View source version on businesswire.com:https://www.businesswire.com/news/home/20210326005299/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 03/26/2021 10:11 AM/DISC: 03/26/2021 10:10 AM

http://www.businesswire.com/news/home/20210326005299/en