ACCESS Newswire
12 Aug 2020, 19:01 GMT+10
I/O Links manufacturers are leveraging their market position as viable alternatives to Ethernet to circumvent conventional protocol limitations.
DUBAI, UAE / ACCESSWIRE / August 12, 2020 / The I/O links market displayed a very promising 12.2% y-oy- growth rate in 2019. However, the coronavirus pandemic has caused significant changes in the industry landscape. Factories around the world have been forced to suspend operations. Further, the health concerns among employees in the industry has resulted in a shortage of workers. Consequently, disruptions in hardware supply chains will continue through the pandemic period and restrict market prospects in the short term.
'IO-Link technology enables communication from the for industrial automation including actuators, sensors, modules, read heads, and RFID among others, which will gain traction through the forecast period with industry 4.0 settings,' says the report by FMI.
Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-8627
I/O Links Market - Primary Takeaways
I/O Links Market - Growth Factors
I/O Links Market - Major Constraints
The Projected Impact of Coronavirus
The complete impact of the coronavirus pandemic on the I/O links market is not clear as yet. The manufacturing process continues to be largely manual, which in turn hints at a slower market recovery, as workers are less inclined to operate in environments which contribute to health risks. Also, China is going through a second wave of coronavirus cases, which will hurt market prospects in the months ahead. Alternative sourcing and government bailouts are expected to be important for the industry throughout the crisis period.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-8627
Competition Landscape
The I/O Links market comprises players including but not limited to ifm electronic FZC, Leuze electronic GmbH, Balluff GmbH, SICK AG, Siemens AG, OMRON Corp., Hans TURCK GmbH, Pepperl + Fuchs, Banner Engineering, and Rockwell Automation Inc.
Participants in the I/O Links market are primarily interested in research and development initiatives to for product innovations and launches to boost product portfolios and scope of functionality.
For instance, Balluff GmbH has revealed a new smart level sensor with I/O link for high conductive fluid applications. Hans Turck GmbH has unveiled an IP67 I/O module for integration into process automation applications. Also, SMC Corporation of America has announced the launch of a wireless I/O link master for remote motion control settings.
Buy Now@ https://www.futuremarketinsights.com/checkout/8627
More About the Study
The FMI study provides detailed insights on I/O Links market. The market is broken down in terms of component (I/O link devices and I/O link masters), vertical (semiconductor and electronics, automotive, medical, and others), and application (handling assembly automation, intralogistics, machine tools, and packaging), across six key regions (North America, Latin America, Europe, APEJ, Japan, and MEA).
Explore Future Market Insights Coverage of the Electronics, Semiconductors & ICT Industry
MENA Digital Transformation Market: Find insights on the MENA digital transformation market with segment analysis, statistics, influencing factors, players and key strategies adopted by market players for a 6-year forecast period.
Smart Fitness Market: FMI's report on the smart fitness market offers details on the market between 2014 -2020. The study covers influencers, revenue sources, market leaders, and strategies.
Poland IT Software and Service Market: Get an in-depth analysis on the Poland IT software and service market with insights on growth levers, opportunities, policies, restraints, regional markets and market leaders.
About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the experienced research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of more than thousand reports and 1 million+ data points, the team has studied the electronics, semiconductors, and ICT sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/i-o-link-market
Press Release Source: https://www.futuremarketinsights.com/press-release/i-o-link-market
SOURCE: Future Market Insights
Get a daily dose of Baltimore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baltimore Star.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...