Middle East & Africa Io-link Market Size & Outlook
The io-link market in Middle East & Africa is expected to reach a projected revenue of US$ 2,628.2 million by 2030. A compound annual growth rate of 21.3% is expected of Middle East & Africa io-link market from 2024 to 2030.
Revenue, 2023 (US$M)
$678.5
Forecast, 2030 (US$M)
$2,628.2
CAGR, 2024 - 2030
21.3%
Report Coverage
Middle East & Africa
MEA io-link market highlights
- The MEA io-link market generated a revenue of USD 678.5 million in 2023.
- The market is expected to grow at a CAGR of 21.3% 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.
MEA data book summary
| Market revenue in 2023 | USD 678.5 million |
| Market revenue in 2030 | USD 2,628.2 million |
| Growth rate | 21.3% (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, MEA region accounted for 5.0% 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
PROFINET
EtherNet/IP
Modbus-TCP
EtherCAT
Multiprotocol
Others
IO-Link Devices
Sensor Nodes
Modules
Actuators
Others
End Use
Aerospace & Defense
Automotive
Manufacturing
Electronics & Semiconductors
F&B (Food & Beverages)
Pharmaceuticals
Chemicals
Oil & Gas
Packaging
Utilities
Others
Application
Monitoring
Predictive Maintenance
Process Automation
Quality Control
Others
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 |
|---|---|---|---|---|
| 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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