IO-Link is a short distance, point-to-point, wired (or wireless), bi-directional, digital, industrial communications networking standard (IEC 61131-9) used for connecting digital sensors and actuators to either a type of industrial field-bus or a type of industrial Ethernet. Its objective is to provide a technological platform that enables the development and use of sensors and actuators that can produce and consume enriched sets of data that in turn can be used for economically optimizing industrial automated processes and operations.

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By geography, Europe is going to have a lucrative growth during the forecast period due to the presence of aerospace & defense, automotive, and industrial manufacturing verticals in the region. Europe comprises major growing economies, such as the Germany, UK, and France, which offer significant growth opportunities for the market. Also, the rising demand for IoT-connected devices and industrial automation in manufacturing industries is driving the growth of the European IO-Link market. Additionally, the European government is taking initiatives to establish smart factories and digitize European industries, thus driving the demand for IO-Link solutions.

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Some of the key players profiled in the IO-Link Market include ABB, Aventics, Balluff GmbH, Baumer, Beckhoff Automation, Belden Inc, Bosch Rexroth AG, Datalogic, Festo SE & Co. KG, Hans Turck GmbH & Co. KG, ifm electronic GmbH, Omron Corporation, Pepperl+Fuchs, Rockwell Automation, Inc, SICK AG, Siemens, SMC Corporation, Turck, Weidmuller, and Wenglor.

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- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
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- Supply chain trends mapping the latest technological advancements

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