In 2023, the market for manufacturing execution systems (MES) is anticipated to be worth US$18.2 billion. Market expansion is being driven by the growing use of Manufacturing Execution Systems (MES) in end-use industries. According to estimates, the market would generate US$ 61.8 billion in 2033, growing at a 13.0% CAGR between 2023 and 2033.
The manufacturing execution system market is anticipated to expand during the forecast period due to the rising need for operational efficiency, automation, and digitization in manufacturing sectors to optimise their production processes, enhance quality, and lower costs.
During the projected period, the market expansion is anticipated to be driven by the rising demand for manufacturing execution systems (MES) from a variety of industries, including automotive, oil & gas, chemical, healthcare, and consumer packaged goods.
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Innovations in technology such as big data, cloud computing, and IoT have propelled the manufacturing execution systems (MES) market. Manufacturing execution systems provide real-time visibility and actionable insights into production processes for manufacturers.
MES systems play a crucial role in integrating and optimizing manufacturing operations, facilitating the use of technologies like the Internet of Things (IoT), big data analytics, artificial intelligence (AI), and machine learning (ML).
Asia Pacific is expected to hold the largest share of the manufacturing execution system market due to the increasing industrialization and ongoing development of manufacturing sites in nations like India & China The manufacturing execution system market in Europe is expected to witness significant growth in the coming years due to the increasing demand for MES system with real-time analytical capacity.
Key Takeaways from this Market Report:
- From 2018 to 2022, the manufacturing execution systems (MES) market demand expanded at a CAGR of 14.7%.
- Based on components, the software segment accounts for a CAGR of 12.9%.
- By deployment, the on-premises segment is expected to expand at a CAGR of 12.7% during the forecast period.
- North America to emerge as a promising market, capturing a CAGR of 13.0%.
- Asia Pacific is an opportunistic market, expected to capture a CAGR of 13.0% during the forecast period.
Competitive Landscape:
Prominent players in this market are:
- ABB Ltd.
- Aptean, Inc.
- Accenture PLC
- Applied Materials, Inc.
- Aspen Technology, Inc.
- Few others
- Rockwell Automation provides the FactoryTalk Production Centre MES, which helps manufacturers streamline production operations, enforce quality control, and track performance in real-time.
- In October 2022, Aptean announced its acquisition of Frontex BV, a leading provider of cloud-based Overall Equipment Effectiveness (OEE) and energy management solutions to process manufacturers in the Netherlands, Belgium, and over a dozen other countries across the globe.
- Honeywell offers the Uniformance® Suite MES, which combines real-time process data, analytics, and reporting to improve manufacturing efficiency and decision-making.
- Schneider Electric offers the EcoStruxure™ Manufacturing Execution System, which integrates with other plant systems to provide real-time visibility into production, quality, and energy management.
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Know More about What this Market Report Covers:
Future Market Insights offers an unbiased analysis of the global manufacturing execution systems (MES) market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the manufacturing execution systems (MES) market, the market is segmented based on component, deployment, and end-use across five major regions.
Key Segments Covered in this Industry:
By Component:
- Software
- Services
By Deployment:
- On-premise
- On-Demand
- Hybrid
By End-Use:
- Automotive
- Aerospace &Defence
- Healthcare
- Oil &Gas
- Chemical
- Food & Beverage
- Consumer Packaged Good
- Others
By Region:
- North American
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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