Manufacturing Execution System Market Global Industry Forecast 2023
Manufacturing industries implement various planning systems such as ERP or equivalent to decide what products to be manufactured. After completion of the planning stage, the manufacturers determine resources that are currently available in stock for execution of the manufacturing plan. The primary function of MES is to facilitate communication between different divisions in industries and providing enterprise-wide records for improving operational performance. In addition, MES software application provides industries or manufacturing plants with scheduling and planning, tracking and analyzing, and control of manufacturing operations.
The major factor driving the growth of the market is attributed to the rising demand for industrial automation; primarily in growing economies such as China, India and Brazil. MES provides real-time information of the shop floor providing transparency and better visibility of manufacturing operations. Moreover, MES integrates information or data from the shop floor with business systems, enabling manufacturers with more competitive decision making.
In addition, highly regulated industries such as medical device and equipment manufacturers, chemical, and food and beverages among others require intensive internal and external reporting to comply with the strict government regulations. Quality and uniformity is given the maximum importance in such highly regulated industries. MES have the ability to automate essential regulatory processes to ensure government regulations and meet the requirements of reporting in such industries. Increasing adoption of MES is driven by ability of MES for integrating quality management from the shop floor to the top floor offering accurate and flexible work instructions to highly regulated industries. These factors are expected to positively affect the growth of the global MES market during the forecast period.
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Based on process industry, the global MES market is segmented into: oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment, and others. Others process industry segment includes textiles, and steel and aluminum. Continuous operation environment in process industries is of critical importance in process industries. MES facilitates process industries with automation, execution and management of manufacturing operations with advanced features such as tracking, scheduling, resource allocation and control, quality assurance, and plant maintenance among others.
The global manufacturing execution system (MES) market is categorized based on discrete industry into: automotive, aerospace and defense, electronics and electrical, medical devices, FMCG and others. Semiconductors, furniture and wood products, and printing and publishing are included in the others discrete industry segment. Demand for paperless operation, to assist efficient performance and flexibility in operations is contributing to the market growth during the forecast period.
This market research study analyzes the global manufacturing execution system (MES) market and provides estimates in terms of revenue (USD Million) from 2015 to 2023. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.
By geography, market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). In addition, the report segments the market based on process industry, which include oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment, and others. It also segments the market on the basis of discrete industry into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG and others. All these segments have also been estimated on the basis of geography.
For better understanding of the global manufacturing execution system (MES) market, key trend analysis and porter’s five force analysis are also provided. Furthermore, the study comprises a market attractiveness analysis, where the manufacturing execution system (MES) by process industry and discrete industry are benchmarked based on their market scope, growth rate and general attractiveness.
The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, and the recent developments in the field of manufacturing execution system (MES). Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.
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