The global manufacturing execution system market will be valued at USD 11.3 billion in 2021 and will grow to USD 17.9 billion by 2027, having an 8.4% CAGR during 2021-2027.

Manufacturing Execution System (MES) is an IT-enabled software that manages, monitors, and synchronizes the execution of real-time processes that are required to convert raw materials are converted into intermediate products and finished products. Work orders are synchronized with production planning and enterprise-level systems like ERP and Product Lifecycle Management through these systems The organizations are considering quality so as to make distinct systems and processes, thus a crucial factor in the manufacturing system strategy leading to the adoption of a manufacturing execution system.

Factors attributing to the growth of the manufacturing execution system market include the rising demand for automation in industrial sectors that minimizes human errors, mounting rate of industrialization, the shifting trend towards paperless manufacturing automation that provides real-time visibility and error-proofing, adoption of sustainable processes in the food industry, and the emergence of IT and operational technology. The industrial verticals are looking for ways and means to enhance the efficiency and productivity of manufacturing processes during the COVID-19 pandemic. MES facilitates the flow of information from the manufacturing floor to the entire company. This improves the visibility of the manufacturing floor and is easy to perform with real-time control and adjustment. Thus, the manufacturing execution system plays a significant role in coordinating production processes, logistics, system automation, and sales and planning, etc. The ability of MES to coordinate different features and provide a holistic view to different key stakeholders will help end-users to improve overall enterprise performance, compliance, and regulatory requirements.

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North America is expected to dominate during the forecast period owing to the rising adoption of manufacturing execution systems in process and discrete industries and the presence of industry players to develop MES solutions. However, the market has slowed down due to the COVID-19 crisis. However, the US government has passed a $ 2 trillion stimulus package, the so-called Coronavirus Aid, Relief, and Economic Security (CARES) Act, resulting in the growth of the North American market.

APAC is anticipated to witness the fastest growth during the forecast period 2021-2027 owing to the rising demand for manufacturing execution systems to implement shift from manual or legacy systems to automated systems and surge in a number of manufacturing plants in different sectors like automotive, textiles, power, and pharmaceuticals. Furthermore, the Chinese market is anticipated to grow significantly owing to the rising number of manufacturing units in the country, thus creating the demand for MES software.

Honeywell acquired Performix Inc., a provider of manufacturing execution system (MES) software to the pharmaceutical and biotech industries, in September 2021. Based on Honeywell's strategy, the acquisition creates a world-leading integrated software platform for customers in the life science industry to attain faster compliance, increased reliability, and increased production throughput at the highest quality levels.

AVEVA strategically teamed with Planet Together, a prominent provider of the Advanced Planning & Scheduling (APS) technology, in April 2021. This collaboration will provide rapid innovations to the AVEVA Manufacturing Execution System in terms of visual planning and scheduling, multi-plant production planning and production schedule enhancement, and expanding AVEVA’s investments in Industry 4.0 manufacturing solutions.

Some of the key players operating in the manufacturing execution system market: ABB, AVEVA Group plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation, Inc, Siemens, Emerson Electric Co., Oracle, Schneider Electric, and General Electric.

Source: VynZ Research