Global Manufacturing Execution System Market Scope Report

Global Manufacturing Execution System Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global manufacturing execution system market is estimated to garner a revenue of ~ USD 54 billion by the end of 2033 by growing at a CAGR of ~16% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 15 billion in the year 2022. Manufacturing execution systems (MES) are used in manufacturing to monitor multiple elements involved in the process of raw materials being transformed into finished goods and to optimize production output. The growth of the manufacturing industry is the primary factor driving the growth of the global manufacturing execution system market. For instance, the manufacturing sector in the United States (U.S.) is thought to have contributed to about 11% of the total gross domestic product (GDP) in 2020.

GET A SAMPLE COPY OF THIS REPORT

The end users of the manufacturing sector include both businesses and consumers, and hence general economic growth in a region is considered to positively impact the sector. It is estimated that the increasing orders from subsectors should improve the growth of the manufacturing sector in 2022.

Global Manufacturing Execution System Market: Growth Drivers and Challenges

Growth Drivers

• Immense Need for Productivity in the Manufacturing Sector – Overall Equipment Effectiveness (OEE) is considered the golden stand for evaluating manufacturing productivity. It was observed that ~27% of manufacturers were using the data from their MES software to evaluate their OEE. A full OEE score indicates the production of only Good Parts quickly and without Stop Time. MES OEE can help to achieve high equipment uptime with better scheduling and fewer manhours, spend on measuring, inspecting, and reporting. Real-time data on material usage and production process ultimately lead to improved asset efficiency and improved machine performance.

• Significance of Product Quality in Manufacturing - It is estimated that about 64% of manufacturers use the data from MES software for quality inspection.

• Reduction of Wastage from Paperwork – About 64% of manufacturers have reported a significant reduction in paperwork between shifts after using MES.

• Data Collection in Real Time – Close to 21% of manufacturers analyze the data from MES for real-time alerts.

Challenges

• High Costs Required as Capital Expenditure

• High Costs Involved in Maintenance

• Requirement for Trained and Skilled Operators

The global manufacturing execution system market is segmented and analyzed for demand and supply by deployment into on-premise, on-demand, and hybrid. Of these, the hybrid segment is anticipated to hold the largest market size by the end of 2033. Actionable insights to boost operational efficiency, cloud storage of operation data for running the factory faster, better decisions based on better data, and cost reduction are the factors driving segmental growth. For instance, predictive maintenance insights based on MES data is considered to reduce overall maintenance cost by a maximum limit of 31%.

Global Manufacturing Execution System Market Regional Synopsis

Regionally, the global manufacturing execution system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2033. Increased use of MES, economic development, and progress in digital transformation and other technologies are the factors driving regional market growth. The total number of industrial and consumer internet of things (IoT) connections in North America is anticipated to reach up to 5 billion by 2025.

Market Segmentation

Our in-depth analysis of the global manufacturing execution system market includes the following segments:

Key Companies Dominating the Global Manufacturing Execution System Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global manufacturing execution system market that are included in our report are Siemens Aktiengesellschaft, Honeywell International Inc., General Electric Company, Dassault Systèmes, SAP SE, ABB Ltd, Oracle Corporation, Applied Materials, Inc., Emerson Electric Co., Rockwell Automation, Inc., and others.

Global Manufacturing Execution System Market: Latest Developments

• June, 2022: ABB Ltd announced the decision of Asia Symbol Group in China to expand the use of ABB Ability, ABB’s MES, for increasing productivity. The company was awarded a contract for software and service by Asia Symbol.

• June, 2022: Rockwell Automation, Inc. announced that its product Plex Systems was recognized as a leader at the Gartner Magic Quadrant evaluation of MES. Plex Systems is a smart manufacturing platform by Plex Systems, Inc., which is a Rockwell Automation company.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.