Global Intelligent Modules Market to grow at a CAGR of 6.19% during 2017-2021 - ABB, Advantech Corporation, Bihl+Wiedemann, Rockwell Automation, Siemens

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.

The global intelligent I/O modules market to grow at a CAGR of 6.19% during the period 2017-2021. 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

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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.

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Key vendors
- ABB
- Advantech Corporation
- Bihl+Wiedemann
- Rockwell Automation
- Siemens

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

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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