Global Io-link Market Size & Outlook, 2023-2030
The io-link industry worldwide is expected to reach a projected revenue of US$ 48,579.5 million by 2030. A compound annual growth rate of 20.1% is expected of the worldwide io-link industry from 2024 to 2030.
Revenue, 2023 (US$M)
$13,517.8
Forecast, 2030 (US$M)
$48,579.5
CAGR, 2024 - 2030
20.1%
Report Coverage
Worldwide
Global io-link market, 2018-2030 (US$M)
Global io-link market highlights
- The global io-link market generated a revenue of USD 13,517.8 million in 2023 and is expected to reach USD 48,579.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20.1% by 2030.
- In terms of segment, io-link wired accounted for a revenue of USD 13,517.8 million in 2023.
- IO-Link Wired is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 13,517.8 million |
| Market revenue in 2030 | USD 48,579.5 million |
| Growth rate | 20.1% (CAGR from 2024 to 2030) |
| Largest segment | Io-link wired |
| Fastest growing segment | IO-Link Wired |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | IO-Link Wired |
Other key industry trends
- In terms of revenue, the North America accounted for 33.3% of the global io-link market in 2023.
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IO-Link Market Scope
Io-link market segmentation & scope
Component
IO-Link Masters
EtherNet/IP
EtherCAT
Multiprotocol
Others
PROFINET
Modbus-TCP
IO-Link Devices
Others
Modules
Actuators
Sensor Nodes
End Use
Aerospace & Defense
Automotive
Manufacturing
Electronics & Semiconductors
Pharmaceuticals
F&B (Food & Beverages)
Chemicals
Packaging
Utilities
Oil & Gas
Others
Application
Monitoring
Predictive Maintenance
Others
Process Automation
Quality Control
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
IO-Link Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global io-link market size, by regions, 2018-2030 (US$M)
Related regional statistics
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