Manufacturing Execution System Market Size (2021-2031)
The manufacturing execution system market size is projected to reach US$ 32100.47 million by 2031 from US$ 14166.24 million in 2023. The market is expected to register a CAGR of 10.8% during 2023–2031. Increasing focus on data analytics and visualization is likely to remain a key trend in the market.
Manufacturing Execution System Market Analysis
The growing adoption of manufacturing execution system (MES) solutions as a higher priority is a result of the organizations' recognition that manufacturing competency is a crucial aspect of staying competitive in the market. Furthermore, some businesses search for the benefits of integrating quality as opposed to maintaining quality as a separate system and process since they view product quality as a crucial component of the manufacturing systems strategy. As a result, the criteria mentioned above are encouraging MES implementation. The companies in the manufacturing execution system market today are concentrating on providing more industry-specific solutions, which indicates that the best solutions are available to meet the unique needs of a company. Additionally, it removes the need for pricey customized additions to commercial products and makes off-the-shelf capabilities available in
Manufacturing Execution System Market Overview
An all-inclusive, dynamic software system called a manufacturing execution system, or MES, tracks, documents, and manages the manufacturing process of items from raw materials to final products. An MES provides the functional layer that separates enterprise resource planning (ERP) and process control systems, giving decision-makers the information they need to optimize production and make the plant floor more efficient. With real-time visibility and control over production processes offered by an MES, stakeholders can keep an eye on operations, spot bottlenecks, reduce downtime, and act quickly on information. MES systems ensure effective resource allocation, task balance, and on-time delivery, which raises profitability by supporting optimum production planning and scheduling.
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Manufacturing Execution System Market: Strategic Insights
Market Size Value in US$ 11,880.90 Million in 2021 Market Size Value by US$ 24,286.32 Million by 2028 Growth rate CAGR of 10.8% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Manufacturing Execution System Market: Strategic Insights
| Market Size Value in | US$ 11,880.90 Million in 2021 |
| Market Size Value by | US$ 24,286.32 Million by 2028 |
| Growth rate | CAGR of 10.8% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Manufacturing Execution System Market Drivers and Opportunities
Increasing implementation of technology
In today's commercial environments, the entire industrial and manufacturing ecosystem is growing more intelligent, perceptive, and networked. The ecology governing the interchanges and collaborations between humans, machines, data, and technology has altered as a result of the emergence of new discrete and process manufacturing methods for sensors, linked devices, and smart machines. Smart manufacturing is largely dependent on the collection, organization, and analysis of data and information in order to derive economic values from the modern digitalized factories that enable it. Therefore, the increasing implementation of technology is driving the power bank market.
Industry 4. O
The growing use of Industry 4.0 has further highlighted the necessity for a sophisticated MES. Through integrated electronics, Industry 4.0 establishes a platform for operations and information technology to interact with one another and with different products, materials, and equipment. A manufacturing facility's work progress is managed and tracked by the MES, which also provides a solid foundation upon which to develop the Industry 4.0 application. Thus, industry 4.0's widespread adoption globally and the manufacturing sector's increasing use of technology and automation are creating various opportunities for the growth of the manufacturing execution system market.
Manufacturing Execution System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the manufacturing execution system market analysis are component, deployment, and industry type.
- Based on the component, the manufacturing execution system market is divided into software and services. The software segment held a larger market share in 2023.
- By deployment, the market is segmented into cloud and on-premise. The cloud segment held a larger market share in 2023.
- By industry type, the market is segmented into process industry and discrete industry.
Manufacturing Execution System Market Share Analysis by Geography
The geographic scope of the manufacturing execution system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the manufacturing execution system market. The manufacturing execution system market in this region is growing due to various factors. India and China are the most developing countries in the world. The rapid pace of industrialization and urbanization is driving the market.
Manufacturing Execution System Market Report Scope
Manufacturing Execution System Market News and Recent Developments
The manufacturing execution system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the manufacturing execution system market are listed below:
- AVEVA, a global leader in industrial software, driving innovation and sustainability, today announced the release of AVEVA Manufacturing Execution System 2023, which offers to cut the costs and complexities of multi-site Manufacturing Execution System (MES) solutions. (Source: AVEVA, Press Release, February 2023)
- GE Digital, an integral part of GE Vernova’s portfolio of energy businesses, announced new enhancements to its cloud-based Manufacturing Execution Systems (MES) software in the Proficy Smart Factory portfolio at the 27th Annual ARC Industry Forum currently taking place February 6–9 in Orlando, Florida. Lowering capital expenditures (CAPEX) and operating expenses (OPEX) compared to on-premises implementations, the Proficy Smart Factory cloud MES software can help process discrete and mixed-environment manufacturers of any size to reduce total cost of ownership (TCO) up to 30% decrease maintenance and improve security. (Source: GE Digital, Press Release, February 2023)
Manufacturing Execution System Market Report Coverage and Deliverables
The “Manufacturing Execution System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Manufacturing execution system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Manufacturing execution system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- manufacturing execution system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the manufacturing execution system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, and Industry Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The expected CAGR of the global manufacturing execution system market is 10.8%.
The global manufacturing execution system market is expected to reach US$ 32100.47 million by 2031.
The increasing focus on data analytics and visualization is anticipated to play a significant role in the global manufacturing execution system market in the coming years.
The key players holding majority shares in the global manufacturing execution system market are 42Q, AVEVA Group plc, Dassault Systemes SE, EAZYWORKS INC., Emerson Electric Co., General Electric Company, Honeywell International Inc., Oracle Corporation, SAP SE, and Rockwell Automation, Inc.
The increasing implementation of technology and the Industry 4. O are the major factors that propel the global manufacturing execution system market.
APAC dominates the manufacturing execution system market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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