Modern Manufacturing Execution System Global Market – Overview
The demand for Modern Manufacturing Execution System is growing with the rapid pace among manufacturing industries as it provide competitive advantage, and efficiency in production. According to a recent study report published by the Market Research Future, The global market of Modern Manufacturing Execution System is increasing and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The Global Modern Manufacturing Execution System Market is driven by competition to manufacture complex products, digital transformation of businesses, and integration of connected devices among others. On the other hand, lack of technical expertise and changing consumer demand are some of the challenges hindering the growth of Modern Manufacturing Execution System Market.
Industry News
June 2017 – Rockwell Automation has announced to expand MES application to increase flexibility, process integration and deployment process. This new suite includes factory talk production, factory talk performance, factory tall quality and factory talk warehouse application.
July 2017 – iBASEt, a leading software solution provider partnership with Cogiscan Inc., a solution provider for electronics manufacturing industry, to create automated electronics assembly solution for complex manufacturing.
August 2017 – General electric introduced new version of manufacturing execution system software addressing issues of plant floor systems and paper based process.
MES Industry Players:
General Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), SAP SE (Germany), Schneider Electric (France), Emersion Electric (U.S.), Siemens (Germany), ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Honeywell International (U.S.), Tata Technology (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Modern Manufacturing Execution System (MES) Market.
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Industry 4.0: A Major Driving Force for Manufacturing Execution System Market
Manufacturing execution system comprises of manufacturing intelligence and operation intelligence. Production management, scheduling, tracking and optimization are some of the key areas served by manufacturing execution system. It helps manufacturers in improving their operational efficiencies, product quality, reduce production and packaging time and increase profitability. With changing lifestyle, and technology upgradation, the consumer demand is also changing. To serve the changing consumer requirements, manufacturers are upgrading their shop floors with robots and automated machines.
Industry 4.0 is the advanced version of automation and data transformation in manufacturing sector. It consist of cyber physical systems, IoT and cloud computing technology. As the manufacturing environment is upgrading, MES is also evolving and adopting the new technology expectations and demand. MES manages and monitor the work in progress on shop floor. It offers a platform to manufacturers for implementation of advanced version of automation and decentralized process of Industry 4.0.
Major industry players such as General Electric, Siemens, and Rockwell Automation among others are investing in improving their manufacturing process and adopting advanced automation products and services. For instance, recently in November 2017, Rockwell Automation announced about its investment in artificial intelligence to focus on industrial automation. This investment is done to identify new emerging technologies and accelerating innovation which help the company in bridging gaps between plant floor and higher level information systems.
Modern Manufacturing Execution System Market – Competitive Analysis
The Market of Modern Manufacturing Execution System appears to be highly competitive in the coming years. To drive the market growth, market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players of Modern Manufacturing Execution System such as General Electric Co., Yokogawa Electric Corporation, SAP SE, Schneider Electric, Emersion Electric, and Siemens targeting to invest more in technology and research and development activities to innovate their already existing products. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.
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Modern Manufacturing Execution System Market – Segmentation
The Modern Manufacturing Execution System Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Component: Programmable controller, Process Control Systems, HMI/SCADA, and Software.
Segmentation by Verticals: Automotive, Food & Beverage, Pharmaceutical, Consumer Electronics, Aerospace & defence and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Modern Manufacturing Execution System Global Market – Regional Analysis
North-America is dominating the Global Modern Manufacturing Execution System Market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2023. Modern Manufacturing Execution System Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing technical expertise and implementation of automation technologies in the region. The European market for Modern Manufacturing Execution System Market is expected to grow at a considerable CAGR (2017-2023).
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