Market Size of Asia Pacific Safety I/O Modules Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.97 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Safety I/O Modules Market Analysis
The Asia Pacific Safety I/O Modules Market is expected to register a CAGR of 3.97% during the forecast period (2021 - 2026). The outbreak of COVID-19 has triggered the manufacturing sector to re-evaluate its conventional production processes, fundamentally driving the digital transformation and factory automation practices across the production lines. The manufacturers are also collectively forced to devise and deploy multiple new and agile approaches to monitor product and quality control. Many current control systems require costly and labor-intensive manual configuration. This can involve a complex array of channel modules, analog, and digital signal converters, and individually wired inputs and outputs to communicate with the operating floor's machines, instruments, and sensors.
- The importance of safety IO modules arose from the immediate need for efficient and reliable infrastructure in hazardous environments. These modules decrease the installation time and expense, as they are an integral part of the IO control system, which decreases the need for third-party relays and mapping equipment.
- The increasing demand for safety IO modules is a direct consequence of the number of hazardous areas. The rising frequency of accidents in these hazardous areas has led to the establishment of industrial regulatory standards, which drove the demand for safety infrastructure, thereby steering the market growth.
- Asia-Pacific is expected to emerge as a manufacturing hub for various products. Japan is a significant exporter of automobiles, electronics, semiconductors, and India and China, with their robust production sector. Thus, the region is expected to shift to Industry 4.0 and automation robustly.
- The recent trends include smaller PLCs being introduced in the micro and nano classes, providing features previously found only in the larger systems. In response to market demands, many functions and features are now offered by lower-end PLCs. Small PLCs are expected to evolve to include many of the features associated with higher-level PLCs. These factors are anticipated to propel the growth of safety IO modules.
- Further, the growing demand for distributed I/O is increasing the market. Distributed input/output modules create distributed control systems for technological objects and expand PLC functionality by increasing the number of I/O signals in the region.
