The global market for manufacturing execution system is projected to have considerable CAGR of around 5.6% during the forecast period. The market growth mainly driven by the increasing demand of manufacturing execution system by the various industries for enhanced their manufacturing process. Manufacturing execution system controls the production operations that enable the realization of management’s plans, and provides feedback from the plant-floor to management thereby closing the execution gap. Manufacturing execution system delivers substantial benefits by improving both sides of manufacturing including processing and distribution. For the operations side, it reduces lead-time on new product start-ups, lowers work-in process (WIP) inventories, improves product quality, reduces paperwork and provides speedier data-entry. Moreover, Manufacturing execution system provides real-time management of complete process definitions, production and support activities, assuring compliance to engineering plans and specifications. Therefore, due to these various benefits manufacturing execution systems are widely adopted by the various industries that further contribute on the growth of the market.

 Segmental Outlook  

The global manufacturing execution system market is segmented based on deployment type, and industry. Based on the deployment type, the market is further classified into cloud-based and on-premises. The cloud-based manufacturing execution systems is projected to grow significantly due to growing adoption of cloud based services in various sector such as automotive manufacturing, oil & gas sector. On the basis of industry the market is further segregated into automotive, aerospace & defense, oil & gas, chemical, food & beverages, healthcare, and others. 

 Global manufacturing execution system Market Share by Industry, 2019(%)

Global manufacturing execution system market to be driven by Automotive Industry

Among industry, the automotive segment held a considerable growth in the market owing to increasing demand of automated solutions with manufacturing execution system in order to improve the efficiency of manufacturing such as automotive components. The automotive manufacturer adopting manufacturing execution systems for  improved manufacturing speed, responsiveness and agility while still meeting the high quality and reliability consumers expect. The innovative capabilities along with increasing customer expectations have led the automotive industry in the area of digital manufacturing process. Therefore, automotive manufacturers are adopting new technologies such as manufacturing execution system. These systems are used to manage workflows and create schedules as well as allow robots to work safely together with humans on factory assembly lines and floors. In addition, this enables in the identification of defects in cars and trucks components. Such capabilities enable manufacturers to decrease downtime and costs in manufacturing lines and providing a better-finished product to consumers.

 Regional Outlook 

Geographically, the global manufacturing execution system market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America have significant share in the global manufacturing execution system market. The market is mainly backed the contribution from the major economies including the US and Canada. The market in the US is growing due to developed manufacturing sector coupled with the government efforts for promoting the implementation of manufacturing execution systems in the enterprise.

Global manufacturing execution system Market Growth, by Region 2020-2026

Asia-Pacific to hold a considerable growth in the global manufacturing execution system market

Geographically, Asia-Pacific is projected to hold a significant market growth in the global manufacturing execution system market during the forecast period. Major economies which are anticipated to contribute to Asia-Pacific manufacturing execution system market are China, India Japan and others. The major factors contributing to the growth of the market in the region include the rising demand of industrial automation technology coupled  the development of manufacturing execution system. Moreover, the various manufacturing companies are bringing smart factory solutions in the region which further drives the regional growth of the market. For instance, in April 2019, Panasonic announced its plan to bring its smart factory solutions in India. The company has integrated its welding business and SMT (Surface Mount Technology) equipment business for becoming an end-to-end integrated Smart Manufacturing Solutions company. With these smart factory solutions, the demand of manufacturing execution is projected to increase that further provide significant opportunity to the market in the region.

 Market Players Outlook

The key players in the manufacturing execution system market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include ABB Ltd., Dassault Systèmes S.A., Honeywell International, Inc., Emerson Electric Co., Schneider Electric SE, Siemens AG, SAP SE, and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global manufacturing execution system market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.