The Indian manufacturing execution system market is projected to grow at a significant CAGR during the forecast period (2020-2026). The major factor that propels the market growth includes the rising demand for smart factories in the manufacturing of various sectors such as food & beverages, automotive, and others. Moreover, the well-established players are bringing smart factory solutions in India to increase manufacturing. 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.
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The manufacturing execution systems have wide utility in the manufacturing sector ranging from the manufacturing of goods to the supply chain management of the manufactured goods. Therefore, the manufacturing industry in India is anticipated to make a major contribution to the growth of the manufacturing execution system market in the country. The rising adoption of industrial robots in different industrial sectors in order to cater to the demand of mass consumers is further anticipated to drive the market growth in the country. As per the International Federation of Robotics, sales of industrial robots in India reached had increased with 3,412 new units installed in 2017, an increase of 30% compared to the previous year (2,627 units in 2016).
Market Coverage
Report Elements |
Details |
Study Period |
2019-2026 |
Base year |
2019 |
Forecast period |
2020-2026 |
Segments Covered |
By Deployment Type and By Industry |
Key Companies Profiled |
ABB Ltd., Dassault Systèmes S.A., Honeywell International, Inc., General Electric Co., Emerson Electric Co., Oracle Corp., Rockwell Automation, Inc., Siemens AG, SAP SE, and others |
Key questions addressed by the report
Indian Manufacturing Execution System Market – Segmentation
By Deployment Type
By Industry
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