\ The worldwide manufacturing execution systems (MES) market is expected to be worth $18.2 billion by 2023. The rising usage of Manufacturing Execution Systems (MES) in end-use industries is propelling market expansion. The market is expected to generate US$ 61.8 billion in 2033, with a CAGR of 13.0% between 2023 and 2033.
The growing need for operational efficiency, automation, and digitalization in manufacturing sectors to optimize production processes, enhance quality, and decrease costs is likely to fuel the growth of the manufacturing execution system market throughout the forecast period.
Increasing demand for manufacturing execution systems (MES) from a variety of industries, including automotive, oil and gas, chemical, healthcare, and consumer packaged products, is likely to drive market expansion over the forecast period.
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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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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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