I/O modules are devices that connect field devices, such as drives, actuators, and sensors with controllers, such as PLC, DCS, and industrial PCs. Intelligent I/O modules are also called specialty I/O modules or functional I/O modules. These are defined as devices which have their own processors independent of the controller’s processor and act as a connection between the peripherals and the controllers. These I/O modules are basically used in function-specific applications like speed control, humidity control, temperature control, and others. Process industries are expected to contribute more to the global I/O modules market with a share of nearly 80% by revenue. The major industries contributing to the global I/O modules market are power, water and wastewater, oil and gas, food and beverages, automotive, and pharmaceutical.
Technavio’s analysts forecast the global intelligent I/O modules market to grow at a CAGR of 6.19% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global intelligent I/O modules market for 2017-2021. To calculate the market size, the report considers the sales.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Intelligent I/O Modules Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Acromag • Beckhoff Automation • Eaton • Festo • GE • Mitsubishi Electric • OMRON • Turck Automation • WAGO • Yokogawa
Market driver • Reduction in prices of raw materials • For a full, detailed list, view our report
Market challenge • Security concerns due to vulnerable I/O connections • For a full, detailed list, view our report
Market trend • Wireless intelligent I/O modules with cloud connectivity • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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