North America was the dominant region in the manufacturing execution system market, the region held a market share of 36.21% in 2018. The regional dominance is due to increased technological investments in the manufacturing of machinery and industrial tools. The presence of a significant number of manufacturing industries and increasing start-up culture in the region are major factors supporting the manufacturing execution system market growth. However, the APAC region closely follows the North American manufacturing execution system market, and regional market growth is due to heavy production activities in developing nations such as China and India.
Manufacturing Execution System Market Outlook
The electronics, oil & gas, aerospace & defense, and the food & beverages industries are some major application segments of the Manufacturing Execution System Market. However, the pharmaceuticals and life science application vertical is observed as key application in the global manufacturing execution systems market and exhibits a growth at a CAGR of 12.63%, through the forecast period. The pharmaceutical industry is one of the most important and fastest growing verticals among the other end-user industries. Demands in the pharmaceutical industry are cyclic and hold a massive foothold in the market. The manufacturing of medicines is an imperative task to cater to the increasing demands in the pharmaceutical sector. Companies active in the sector are looking for advanced production facilities to improve the availability and increase the yield of medicine manufacturing. Thus, the pharmaceutical companies are integrating MES infrastructure to enhance the production facilities.
Manufacturing Execution System Market Growth Drivers
- The global demand for fast-moving consumer goods (FMCG) are increasing at a substantial pace and are projected to induce opportunities in the manufacturing execution system market. The volatile behavior of the market, changing consumer lifestyle, and huge competition has considerately heightened the demands for FMCG products, further augmenting the manufacturing execution system market growth.
- According to the Global Systems for Mobile Communication (GSMA), number of unique mobile subscribers has surpassed 5 billion globally, which indicates the massive production in the consumer electronics segment. Continuous, manufacturing of consumer electronics products are likely to propel demands for advance manufacturing execution systems. Additionally, the massive production of consumer electronics devices such as laptops, televisions, smart watches, and tablets; the manufacturing industry is poised to witness a growth, which is further supporting the manufacturing execution system market.
- One of the major drivers in the manufacturing execution system market is low deployment cost, high efficiency, and wide adoption of manufacturing execution system in various industry verticals. The growing benefits and importance of regulatory compliance coupled with optimized development facilities, along with adoption of advanced technological techniques is also benefitting the manufacturing execution system market.
Manufacturing Execution System Market Trends
- Supply chain management is an imperative commodity in the manufacturing industry. Majority of the manufacturing supply chains are shifting into smart networks with real-time track-and-trace abilities. Additionally, the integration of MES in the manufacturing execution systems market is a leveraging factor for the major manufacturing industries.
- Manufacturing execution systems are now being recognized as a part of IT enterprise ecosystem. Earlier, it was considered as mechanical branch in an enterprises. Majority of the companies today are prioritizing MES activities over product life-cycle management (PLM) and entity resource planning (ERP). Thus, the manufacturing competency equipped with adequate MES system is poised as an essential competitive differentiator.
- With abundant availability of mature MES infrastructure, the companies are implementing out-of-the-box activities to enhance the product quality and reduce the overall costs of the product. Also, the companies are shifting away from heavy customization so as to manufacture standardized products. Foreseeing the current market, the customization of products is being poised as a symptom of product development which is unfit for the industry.
Manufacturing Execution System Market Companies –
The key players involved in the manufacturing execution system market are certain to build a brand name by investing in R&D activities, to gain a step ahead of their competitors. Some major players in the manufacturing execution system market are ABB Ltd. (Switzerland), Andea Solutions (Poland), Dassault Systemes SA (France), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Rockwell MES, Inc. (U.S.), SAP AG (Germany), Schneider Electric SE (France), Siemens AG (Germany), and Werum IT Solutions GmbH (Germany).
MES Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the MES market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The MES market research report also analyses the application of MES in various sectors such as real estate, small and medium-sized business, and others.
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Methodology
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