Manufacturing Execution System Market Outlook - 2027
Information system used to connect, monitor, and control complex data flows and manufacturing devices or equipment on shop floors is called manufacturing execution system. The main objective of this system is to enhance production output and ensure effective implementation of manufacturing operations. It helps in maximizing, productivity, profitability, compliance, and quality of manufacturing operations. Thus, finds applications in inventory management, quality analysis, resource allocation, production tracking, and other industries such as oil & gas, food & beverages, consumer electronics, and automotive. Innovations in automation technologies pave way for the market for improved and better manufacturing execution systems. The global manufacturing execution system market is experiencing a significant growth, and is expected to grow considerably in next few years.
The global manufacturing execution system market is segmented on the basis of Offering, Deployment, Application, End User, and Region. Based on Offering, the manufacturing execution system market size is divided into Services (Maintenance, Implementation, Training) and Software, and others. On the basis of Deployment, the market is categorized into On-Demand, On-Premise, and Hybrid, and others. on the basis of Application into Inventory Management, Resource Allocation, Quality Analysis, Production Tracking, Document Control, and Others on the basis of End User into Oil & Gas, Food & Beverages, Consumer Electronics, Aerospace, Automotive, and Others Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the Manufacturing Execution System industry include Werum Software and Systems, Schneider Electric S.A, Siemens AG, General Electric Co., Rockwell Automation Inc., Eyelit Inc., Honeywell International Inc., Operator Systems Aps, Emerson Electric Co., ABB Ltd., and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 scenario Analysis:
- Global manufacturing execution system market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for AC servo systems.
- Global factories have struggled to manufacture, integrate and assemble new technologies as workers have stayed in their homes and even the already available devices in various warehouses cannot be transported due to current rules and regulations, which, in turn, has disrupted the global supply chains.
- The market would be less impacted than other markets for non-essential goods and services as these systems are essential part of automation. Moreover, the world would be shifting more toward automation so that no other pandemic can disrupt production.
- This COVID-19 crisis is expected to provide opportunities for companies to invest, implement, and research in technologies, which involve less human touch. For instance, combination of AI and automation.
- The impact of COVID-19 on manufacturing execution system market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these products are gradually going to increase as various growing industries.
Top impacting factors: Manufacturing Execution System Market Trends, Scenario Analysis, Drivers and Impact Analysis
High efficiency, low deployment cost, and wide adoption of manufacturing execution systems in various industries such as oil & gas, consumer electronics, and automotive boosts the market growth. However, high costs involved in maintenance and investments for upgradation of manufacturing execution systems hinder the manufacturing execution system market growth. Moreover, adoption of latest technologies by manufacturing companies to improve operational processes is expected to drive the market further.
New product launches to flourish the manufacturing execution system market
Plant applications 8.0, which is industry’s first multi-modal manufacturing execution systems was launched by GE Digital in 2019. It is the first enterprise MES scale that supports multi-modal, discrete, and process manufacturing. It also helps manufacturers to optimize operations by leveraging real time data.
Thus, this product flourished the market, owing to its simpler configuration and easier adoption.
Surge in use in FMCG & electronics industries
As the FMCG industry is increasing at a rapid pace, it has led to increase in use and demand for manufacturing execution systems (MES). Changing consumer lifestyle, volatile nature of the market, and increase in competition has further led to adoption of MES in this industry.
Due to massive production in the consumer electronics segment, manufacturing of consumer electronics products such as smartphones, laptops, and TVs has led to increase in adoption of MES in this industry.
Key benefits of the report:
- This study presents the analytical depiction of the global manufacturing execution system market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global manufacturing execution system market share.
- The current market is quantitatively analyzed to highlight the global manufacturing execution systems industry growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global manufacturing execution system market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Manufacturing Execution System Market research report:
- Who are the leading market players active in the manufacturing execution system?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the manufacturing execution system?
- What are the projections for the future that would help in taking further strategic steps?
Manufacturing Execution System Market Report Highlights
| Aspects | Details |
 By Offering |
|
 By Deployment |
|
 By Application |
|
 By End Use |
|
 By Region |
|
 Key Market Players | Aspen Technology Inc., Honeywell International Inc., SAP SE, Siemens AG, Rockwell Automation, Mitsubishi Electric Corporation, Emerson Electric, Dassault Systemes, Oracle Corporation, ABB |
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