Latin America Io-link Market Size & Outlook, 2023-2030
The io-link market in Latin America is expected to reach a projected revenue of US$ 3,148.0 million by 2030. A compound annual growth rate of 22.2% is expected of Latin America io-link market from 2024 to 2030.
Revenue, 2023 (US$M)
$775.0
Forecast, 2030 (US$M)
$3,148.0
CAGR, 2024 - 2030
22.2%
Report Coverage
Latin America
Latin America io-link market highlights
- The Latin America io-link market generated a revenue of USD 775.0 million in 2023.
- The market is expected to grow at a CAGR of 22.2% 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.
Latin America data book summary
| Market revenue in 2023 | USD 775.0 million |
| Market revenue in 2030 | USD 3,148.0 million |
| Growth rate | 22.2% (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, Latin America region accounted for 5.7% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | https://www.sick.com/us/en/ |
| Belden Inc | View profile | 8000 | 1 North Brentwood Boulevard, 15th Floor, St. Louis, MO, United States, 63105 | https://www.belden.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
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