Manufacturing Execution Systems Market
PUBLISHED: 2023 ID: SMRC23658
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Manufacturing Execution Systems Market

Manufacturing Execution Systems Market Forecasts to 2030 - Global Analysis By Offering (Software and Services), Deployment Type (On-premises, On-Demand and Hybrid), Enterprise Size (Small & Medium Sized Enterprises and Large Enterprises), Product Function, Application, End User and By Geography

4.2 (39 reviews)
4.2 (39 reviews)
Published: 2023 ID: SMRC23658

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $14.4 BN

Projected Year Value (2030)

US $29.9 BN

CAGR (2023 - 2030)

11%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Manufacturing Execution Systems Market is accounted for $14.4 billion in 2023 and is expected to reach $29.9 billion by 2030 growing at a CAGR of 11% during the forecast period. A manufacturing execution system is typically defined as an IT-enabled framework that offers solutions for improving and afterwards further developing the assembling method for creation floor designers and chiefs. The key companions of the framework manage the intricate assembly of frameworks on screens on the factory floor. The purpose of producing is to assure the efficient completion of the assembly duties and increase creation yield.

According to U.S. Energy Information Administration, U.S. crude oil extraction will average 11.7 million barrels per day in 2022 and 12.4 million barrels per day in 2023, exceeding the record high achieved in 2019.



Market Dynamics:

Driver:

Adoption of digitisation to improve production

By integrating digital technologies such as IoT devices, data analytics, and cloud computing, MES enables real-time monitoring, analysis, and optimization of manufacturing operations. Digitization allows seamless communication between different stages of the production process, streamlining workflows and reducing errors. Manufacturers can access valuable insights, track performance metrics, and make data-driven decisions to improve overall production quality and productivity. Furthermore, digitization enhances collaboration among teams, supply chain partners, and machines, facilitating agile responses to changing demands and market conditions.

Restraint:

Lack of awareness regarding benefits of MES solutions among SMEs

Many SMEs may not fully understand how MES can streamline their manufacturing processes, improve efficiency, and drive cost savings. As a result, they might be hesitant to invest in these solutions or may continue to rely on traditional manual methods. To address this issue, vendors and industry players need to focus on educating SMEs about the advantages of MES, showcasing successful case studies, and offering tailored solutions that align with their specific needs and budgets. Building awareness about the transformative potential of MES can help unlock new opportunities for growth and productivity in the manufacturing sector.

Opportunity:

Growing scope in raising energy efficiency and sustainable production

Many major companies and SMEs are implementing manufacturing execution systems because they improve production processes. Production efficiency is aided by these systems' capacity to boost output, cut costs, boost quality, enabling real-time data collecting and monitoring of products. This aspect is anticipated to promote the use of these systems in order to boost revenues. The use of manufacturing execution systems also results in decreases in the amount of waste and energy used throughout the production process. For instance, putting a MES solution on a shop floor eliminates the need for paperwork and physical storage space while not requiring extra IT resources.

Threat:

Significant capital investments and upgradation & maintenance costs

Implementing an MES system involves substantial initial expenses, including software licenses, hardware installations, and integration with existing manufacturing infrastructure. Moreover, as technology rapidly evolves, regular upgrades are necessary to stay current and take advantage of the latest features and functionalities. Additionally, MES systems require continuous maintenance and technical support, which can lead to additional expenses over time. These financial barriers can deter some manufacturers, especially small and medium-sized enterprises, from adopting MES solutions, hindering their ability to leverage the full potential of advanced manufacturing technologies and optimize their production processes.

Covid-19 Impact:

Due to the COVID-19 outbreak, market growth for factory execution systems slowed in 2020. The pandemic caused a number of manufacturing facilities to close and output to be suspended in a number of different industries worldwide. Various end-user industry activities, including those in the oil and gas, power generation, and automotive sectors, among others, saw significant transformation during the post-pandemic phase. The manufacturing execution systems market will expand in 2022 as compared to 2020 and 2021 thanks to the various operations and guidelines that have been established for COVID-19 for smoother operations.

The services segment is expected to be the largest during the forecast period

The services segment is expected to have a lucrative growth. These services encompass a range of offerings, including consulting, system design, installation, customization, and training. MES vendors and providers collaborate closely with their clients to understand their unique manufacturing processes and requirements, tailoring the solutions accordingly. They also offer ongoing technical support, maintenance, and updates to keep the MES systems running smoothly and up-to-date. Additionally, services may extend to data analytics, performance monitoring, and continuous improvement initiatives to help manufacturers maximize the value of their MES investments, enhance operational efficiency, and achieve their production goals.

The hybrid segment is expected to have the highest CAGR during the forecast period

The hybrid segment is anticipated to witness the fastest CAGR growth during the forecast period. In the Manufacturing Execution Systems (MES) market, hybrid solutions are a combination of on-premises and cloud-based MES offerings. This approach aims to provide the benefits of both deployment models while catering to diverse customer needs. The hybrid MES architecture allows critical data and sensitive operations to remain on-site, ensuring data security, compliance, and minimized latency. This hybrid approach offers greater flexibility, cost efficiency, and seamless integration with existing systems, making it an attractive option for manufacturers looking to modernize their operations while retaining some level of control and security over their data and processes.

Region with largest share:

During the forecast period, it is expected that the North American Manufacturing Execution Systems market will continue to hold a majority of the market share. The region's manufacturing sector, spanning industries such as automotive, aerospace, electronics, and pharmaceuticals, drives the demand for MES solutions to optimize production processes and improve efficiency. North American manufacturers increasingly seek advanced MES systems to enable real-time data visibility, process automation, and data-driven decision-making.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, due to its thriving industrial sector and increasing adoption of advanced manufacturing technologies. The region's diverse manufacturing industries, including automotive, electronics, and consumer goods, drive the demand for MES solutions to optimize production processes, enhance quality control, and meet rising customer demands. As countries like China, India, Japan, and South Korea embrace Industry 4.0 and smart manufacturing initiatives, there is a growing focus on digital transformation, driving the demand for MES technologies.



Key players in the market

Some of the key players in Manufacturing Execution Systems market include Aptean, Inc, Epicor Software Corporation, Applied Materials Inc., Honeywell International Inc., SAP SE, ABB Ltd., Dassault Systems S.A., Emerson Electric Co., Accenture PLC, Aspen Technology, Inc, General Electric Company, AVEVA Group PLC, Siemens AG, Rockwell Automation and Oracle Corporation.

Key Developments:

In January 2023, SymphonyAI Industrial launched its artificial intelligence (AI) integrated MOM 360 manufacturing operations control solution, which includes integrated factory execution systems (MES) features, enterprise-level administration, and AI-based process improvement.

In October 2022, Aptean, announced the acquisition of Merlin Business Software Ltd., a provider of enterprise business solutions tailored to wholesalers and distributors, including those serving the industrial supply, building supply, and food and beverage industries.

In September 2022, SKF, a Swedish bearing and seal manufacturing company, and ABB, a leading global technology company signed a Memorandum of Understanding (MoU) to examine the possibility of a collaboration in the area of manufacturing process automation..

Offerings Covered:
• Software
• Services

Deployment Types Covered:
• On-Premises
• On-Demand
• Hybrid

Enterprise Sizes Covered:
• Small & Medium Sized Enterprises
• Large Enterprises

Product Functions Covered:
• Document Control
• Inventory Management
• Production Performance Analysis
• Other Product Functions

Applications Covered:
• Food & Beverage
• Oil & Gas
• Pharmaceutical
• Water & Wastewater Management
• Chemicals
• Pulp & Paper
• Electronics & Semiconductor
• Other Applications

End Users Covered:
• Automotive
• Aerospace
• Medical devices
• Consumer Packaged Goods
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Manufacturing Execution Systems Market, By Offering
5.1 Introduction
5.2 Software
5.3 Services
5.3.1 Consulting
5.3.2 Integration
5.3.3 Support & Maintenance

6 Global Manufacturing Execution Systems Market, By Deployment Type
6.1 Introduction
6.2 On-Premises
6.3 On-Demand
6.4 Hybrid

7 Global Manufacturing Execution Systems Market, By Enterprise Size
7.1 Introduction
7.2 Small & Medium Sized Enterprises
7.3 Large Enterprises

8 Global Manufacturing Execution Systems Market, By Product Function
8.1 Introduction
8.2 Document Control
8.3 Inventory Management
8.4 Production Performance Analysis
8.5 Other Product Functions

9 Global Manufacturing Execution Systems Market, By Application
9.1 Introduction
9.2 Food & Beverage
9.3 Oil & Gas
9.4 Pharmaceutical
9.5 Water & Wastewater Management
9.6 Chemicals
9.7 Pulp & Paper
9.8 Electronics & Semiconductor
9.9 Other Applications

10 Global Manufacturing Execution Systems Market, By End User
10.1 Introduction
10.2 Automotive
10.3 Aerospace
10.4 Medical Devices
10.5 Consumer Packaged Goods
10.6 Other End Users

11 Global Manufacturing Execution Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Aptean, Inc
13.2 Epicor Software Corporation
13.3 Applied Materials Inc.
13.4 Honeywell International Inc.
13.5 SAP SE
13.6 ABB Ltd.
13.7 Dassault Systemes S.A.
13.8 Emerson Electric Co.
13.9 Accenture PLC
13.10 Aspen Technology, Inc
13.11 General Electric Company
13.12 AVEVA Group PLC
13.13 Siemens AG
13.14 Rockwell Automation
13.15 Oracle Corporation

List of Tables
1 Global Manufacturing Execution Systems Market Outlook, By Region (2021-2030) ($MN)
2 Global Manufacturing Execution Systems Market Outlook, By Offering (2021-2030) ($MN)
3 Global Manufacturing Execution Systems Market Outlook, By Software (2021-2030) ($MN)
4 Global Manufacturing Execution Systems Market Outlook, By Services (2021-2030) ($MN)
5 Global Manufacturing Execution Systems Market Outlook, By Consulting (2021-2030) ($MN)
6 Global Manufacturing Execution Systems Market Outlook, By Integration (2021-2030) ($MN)
7 Global Manufacturing Execution Systems Market Outlook, By Support & Maintenance (2021-2030) ($MN)
8 Global Manufacturing Execution Systems Market Outlook, By Deployment Type (2021-2030) ($MN)
9 Global Manufacturing Execution Systems Market Outlook, By On-Premises (2021-2030) ($MN)
10 Global Manufacturing Execution Systems Market Outlook, By On-Demand (2021-2030) ($MN)
11 Global Manufacturing Execution Systems Market Outlook, By Hybrid (2021-2030) ($MN)
12 Global Manufacturing Execution Systems Market Outlook, By Enterprise Size (2021-2030) ($MN)
13 Global Manufacturing Execution Systems Market Outlook, By Small & Medium Sized Enterprises (2021-2030) ($MN)
14 Global Manufacturing Execution Systems Market Outlook, By Large Enterprises (2021-2030) ($MN)
15 Global Manufacturing Execution Systems Market Outlook, By Product Function (2021-2030) ($MN)
16 Global Manufacturing Execution Systems Market Outlook, By Document Control (2021-2030) ($MN)
17 Global Manufacturing Execution Systems Market Outlook, By Inventory Management (2021-2030) ($MN)
18 Global Manufacturing Execution Systems Market Outlook, By Production Performance Analysis (2021-2030) ($MN)
19 Global Manufacturing Execution Systems Market Outlook, By Other Product Functions (2021-2030) ($MN)
20 Global Manufacturing Execution Systems Market Outlook, By Application (2021-2030) ($MN)
21 Global Manufacturing Execution Systems Market Outlook, By Food & Beverage (2021-2030) ($MN)
22 Global Manufacturing Execution Systems Market Outlook, By Oil & Gas (2021-2030) ($MN)
23 Global Manufacturing Execution Systems Market Outlook, By Pharmaceutical (2021-2030) ($MN)
24 Global Manufacturing Execution Systems Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
25 Global Manufacturing Execution Systems Market Outlook, By Chemicals (2021-2030) ($MN)
26 Global Manufacturing Execution Systems Market Outlook, By Pulp & Paper (2021-2030) ($MN)
27 Global Manufacturing Execution Systems Market Outlook, By Electronics & Semiconductor (2021-2030) ($MN)
28 Global Manufacturing Execution Systems Market Outlook, By Other Applications (2021-2030) ($MN)
29 Global Manufacturing Execution Systems Market Outlook, By End User (2021-2030) ($MN)
30 Global Manufacturing Execution Systems Market Outlook, By Automotive (2021-2030) ($MN)
31 Global Manufacturing Execution Systems Market Outlook, By Aerospace (2021-2030) ($MN)
32 Global Manufacturing Execution Systems Market Outlook, By Medical Devices (2021-2030) ($MN)
33 Global Manufacturing Execution Systems Market Outlook, By Consumer Packaged Goods (2021-2030) ($MN)
34 Global Manufacturing Execution Systems Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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