In 2032, the Asia Pacific Manufacturing Execution Systems (MES) market is expected to reach US$ 27,601.4 Million. The expanding global manufacturing sector and industrialisation have increased demand for Manufacturing Execution Systems (MES).
According to FMI, the Asia Pacific Manufacturing Execution Systems (MES) market is expected to be valued at US$ 12,435.0 Million in 2022 and to grow at an 8.3% CAGR from 2022 to 2032.
It supervises and manages work in progress on a factory floor. The goals of MES are to improve productivity and efficiency in the manufacturing process by lowering cycle time. MES has transformed manual activities into paperless operations to increase information flow and decision making.
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Based on the applications, MES can be segmented into two segments as discrete manufacturing industries and process manufacturing industries. The various process manufacturing industries include chemical, oil and gas, pulp and paper, food and beverages, waste water management etc.On the other hand various discrete manufacturing industries include automotive, healthcare, aerospace and defense. MES has been nowadays accepted across various segments.
Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment.
Manufacturers can benefit from the integration of MES with product lifecycle management (PLM), supply chain management (SCM) and enterprise resource planning (ERP) to transform the manufacturing processes in terms of control and synchronization.
The global MES market is expected to grow two fold from 2014 to 2020, at a CAGR of 10-12%.The global market is expected to grow significantly, as manufacturers are looking to manage complex processes and products more efficiently.Europe and North America are the largest contributors in the global MES market, capturing almost equal amount of share. APAC on the other hand is expected to register higher growth as it is attracting investors to manufacture.
APAC is transforming into a manufacturing hub. All the major players of the market are focusing on the APAC region, due to rapid growth expected in the industrial and infrastructural sector. In order to cater the growing demand from Association of Southeast Asian Nations (ASEAN), the MES manufacturers are shifting their manufacturing plants to this region, to attract more consumers and gain a competitive advantage. With foreign direct investment increasing in this region manufacturing execution system is expected to witness potential growth in the region.
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Key players in MES industry are Invensys operations management, Honeywell Processes Solutions, and ABB, which account for major portion of the market. Companies are getting into alliances & acquisitions to expand their business operations and increase their investment through foreign direct investment, which are expected to boost the growth of MES market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Asia Pacific Manufacturing Execution Systems Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Key Segments Profiled in the Manufacturing Execution Systems (MES) Market Report
By Offering:
- Software
- Services
By Deployment Type:
- On-premises
- On-demand
- Hybrid
By Applications:
- Discrete manufacturing industries
- Food & Beverages
- Oil & Gas
- Power Generation
- Water Utility
- Chemicals
- Pulp & Paper
- Pharmaceuticals
- Others
- Process manufacturing industries
- Automotive
- Aerospace
- Consumer packaged goods
- Medical devices
- Others
By Countries:
- Greater China
- India
- ASEAN
- Australia & New Zealand
- Others
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