Europe Io-link Market Size & Outlook, 2023-2030
The io-link market in Europe is expected to reach a projected revenue of US$ 12,460.7 million by 2030. A compound annual growth rate of 18.2% is expected of Europe io-link market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,872.6
Forecast, 2030 (US$M)
$12,460.7
CAGR, 2024 - 2030
18.2%
Report Coverage
Europe
Europe io-link market, 2018-2030 (US$M)
Europe io-link market highlights
- The Europe io-link market generated a revenue of USD 3,872.6 million in 2023.
- The market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, io-link wired was the largest revenue generating technology in 2023.
- IO-Link Wired is the most lucrative technology segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 3,872.6 million |
| Market revenue in 2030 | USD 12,460.7 million |
| Growth rate | 18.2% (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 |
| Key market players worldwide | Belden Inc, Emerson Electric Co, OMRON Corp, Rockwell Automation Inc, SICK, Inc, Siemens AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.6% of the global io-link market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,817.5 million by 2030.
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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 |
|---|
Related regional statistics
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