TechNavio recognizes the following companies as the key players in the Global I/O Modules Market: Rockwell Automation Inc., Siemens AG., ABB Ltd., and Honeywell International Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The introduction of high-speed I/O modules is a new trend in the Global I/O Modules market. There are various reasons why most end-users would prefer high-speed I/O modules. Essentially, network response time has been greatly improved since the introduction of high-speed Ethernet-based networks. However, no changes were made to upgrade I/O modules. As a result, a high-speed Ethernet-based network was not achieved in practice because an I/O module bottleneck was present. Therefore high-speed I/O modules have been developed to overcome this bottleneck and to work efficiently with high-speed Ethernet-based networks. Moreover, many latest machine applications demand a faster response time which is possible only with high-speed I/O modules.”
According to the report, one of the major drivers in the market is the growth of the manufacturing industries. The recovery of manufacturing industries, especially in Germany and China has increased the need for PLCs and consequently I/O modules.
Further, the report states that the Global I/O Modules market generates a large portion of its revenue from PLCs, but the demand for PLCs was adversely affected during the global recession of 2008-2009, resulting in a decline in the sales of I/O modules. However, the Global Automation Controller market has started to grow since 2010 due to the emergence of manufacturing industries across the globe, which in turn has had a positive impact on the Global I/O Modules market. Thus, the growth of the Global I/O Modules market is highly dependent on the growth of the Global Automation Controller market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are GE Co., Invensys plc, Mitsubishi Electric Corp., Omron Corp., Schneider Electric SA, and Yokogawa Electric Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-io-modules-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global I/O Modules Market 2012-2016
