Market Share of IO-Link System Industry
The competitive rivalry in the IO-Link System market is moderately high, as the market comprises many large vendors that command a prominent market share besides having access to well-established distribution networks. Major vendors in the market studied are involved in M&A activities and partnerships to gain higher penetration and market share. Some prominent vendors in the market include Balluff, Siemens, Endress + Hauser, Rockwell, etc.
In July 2022, Endress+Hauser expanded its location in Switzerland. The company erected a building almost 150 meters long at the Reinach site. Located in the new building are Endress+Hauser Flow, the competence center for flow measurement technology, and Endress+Hauser Digital Solutions, responsible within the group for all topics relating to digital communication and automation solutions.
In March 2022, Balluff added a wireless solution to its extensive IO-Link portfolio. Instead of cables, the wireless master receives the sensor data by radio via a bridge or hub. The wireless IO-Link variant can be used in dynamic, fixed, and mobile applications.
IO-Link System Market Leaders
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Balluff
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IFM Electronics
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Omron
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Siemens
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Festo
*Disclaimer: Major Players sorted in no particular order
