DUBLIN--(BUSINESS WIRE)--The "IO-Link Market Research Report by Component (IO-Link Devices, IO-Link Masters, and IO-Link Software), Communication Type, Industry, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global IO-Link Market size was estimated at USD 15.00 billion in 2021, USD 18.97 billion in 2022, and is projected to grow at a CAGR 26.70% to reach USD 62.10 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the IO-Link Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global IO-Link Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global IO-Link Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global IO-Link Market?
4. What is the competitive strategic window for opportunities in the Global IO-Link Market?
5. What are the technology trends and regulatory frameworks in the Global IO-Link Market?
6. What is the market share of the leading vendors in the Global IO-Link Market?
7. What modes and strategic moves are considered suitable for entering the Global IO-Link Market?
Market Dynamics
Drivers
- Rise in the adoption of industrial automation
- High focus on remote configuration and monitoring, advanced diagnostics, and simple device replacement
- Rapid adoption of digital industrial technology
Restraints
- Lack of standardization and restriction of IO link in high-speed applications
Opportunities
- Rapidly growing industrial communication space with industrial IoT
- Easy availability of cloud interface in IO-link
Challenges
- Issues related to cybersecurity
Companies Mentioned
- Aventics
- Balluff Inc
- Banner Engineering
- Baumer
- Beckhoff Automation
- Belden
- Bernecker + Rainer
- Bihl+Wiedemann GmbH
- Bosch Rexroth AG
- Datalogic S.p.A.
- Festo
- Hans Turck GmbH & Co. KG
- HYDAC ELECTRONIC
- Ifm Electronic
- Murrelektronik GmbH
- Omron Corporation
- Pepperl+Fuchs Comtrol, Inc.
- Phoenix Contact
- PROFIBUS Nutzerorganisation e.V.
- Rockwell Automation
- Sick AG
- Siemens AG
- Weidmuller
- Wenglor Sensoric
For more information about this report visit https://www.researchandmarkets.com/r/dfqjzl
