Global Modern
Manufacturing Execution System Market - Overview
As per Market
Research Future (MRFR), the global Modern
Manufacturing Execution System Market had a valuation of
USD 12,125.4 million in 2017 and is projected to reach USD 46,376.8 million in
2027 with a CAGR of 15.41% from 2019 to 2027 (forecast period).
The manufacturing
execution system is an information system that tracks, connects, and controls
complex data flows and manufacturing equipment on the factory floor. The main
purpose of the manufacturing execution system is to ensure the successful
implementation of manufacturing operations and the improvement of production
output. For example, AVEVA Group PLC provides manufacturing execution systems
for hybrid and batch manufacturing processes.
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It helps to
maximize the quality, profitability, and compliance of manufacturing
operations. Manufacturing execution systems are used in manufacturing processes
in a variety of ways with the goal of increasing productivity, minimizing labor
costs, and streamlining production processes. The US and Japan were the first
leaders in this area and soon became famous in other countries. Europe has also
shown a substantial speed in the development and adoption of manufacturing
execution system solutions.
The main goal of
MES is to combine documents, equipment, and material management with electronic
work procedures in order to establish an optimized manufacturing environment.
MES offers real-time insight into the production process, overall equipment
effectiveness (OEE), and saves indirect labor costs through automated data
collection from various sources. MES also allows just-in-time and made to order
operations with seamless material flow across the supply chain to the end-user.
Cantier Systems, Inc. offers real-time traceability to the semiconductor and
electronics industries for MES, eliminating cycle time and scrap, optimizing
supply chains, and eliminating risk exposure to quality incidents. The company
also offers integrated smart manufacturing solutions to different end-users.
Impact of COVID-19 on the Global Modern Manufacturing
Execution Systems Market at: https://www.marketresearchfuture.com/report/covid-19-impact-modern-manufacturing-execution-systems-market
Market Dynamics
Currently, low
installation costs, increased industrial automation, adoption of factory
automation technologies, and strict regulatory compliance are pushing this
market's growth. Globally, as more and more manufacturing companies embrace the
latest automation technologies to enhance their operational processes, market
opportunities will be generated for manufacturing execution system providers.
However, high investments and costs involved in the maintenance and upgrade of
manufacturing execution systems can act as a limiting factor for the market
during the forecast period.
Market
Segmentation
The global market
for modern manufacturing execution system has been segmented based on
components.
By component, the
global modern manufacturing execution system market has been segmented into
electronics, automotive, medical, FMCG, aerospace & defense, and others.
The electronics segment accounted for a significant market share of 25.9% in
2017, with a value of USD 3.138.8 million; a CAGR of 17.0% is expected to be
recorded during the forecast period. The automotive segment held the
second-largest position in 2017, estimated at USD 2.551.9 million; a CAGR of
12.4% is expected. However, the medical segment is projected to post the
highest CAGR of 17.7%.
Regional
Analysis
Region-wise, the
global modern manufacturing execution system market has been divided into North
America, Europe, Asia Pacific, and the rest of the world.
North America
captured the largest market share of 32.45% in 2017, with a value of USD
3.934.4 million, trailed by Europe, Asia Pacific, and the rest of the world.
Major modern manufacturing execution system providers like Emerson Electric
Co., General Electric Company, Honeywell International Inc., and Rockwell
Automation, Inc., among others, are expected to have the largest market share
to contribute to the dominance of this area during the forecast period. The US
has experienced steady growth in the modern manufacturing execution system
market over the last decade, due to the high demand for these systems from the
water and wastewater treatment, food and beverage, and power industries. In
addition, the increasing need to track real-time data, increase data
visibility, and control off-site production activities have a significant
effect on the growth of the modern manufacturing execution system market in
North America. The Asian Pacific market is projected to have the highest CAGR
of 18.7% during the forecast period 2019-2027.
Key Players
The industry giants
in the global modern manufacturing execution system market are Siemens AG
(Germany), General Electric Company (US), ABB Ltd (Switzerland), Emerson
Electric Co. (US), Applied Materials, Inc. (US), Dassault Systèmes (France),
Werum IT Solutions GmbH (Germany), Rockwell Automation, Inc. (US), Honeywell
International Inc. (US), SAP SE (Germany), and Tebis Technische
Informationssysteme AG (Germany).
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