The UK manufacturing execution system market is projected to grow at a significant CAGR during the forecast period (2020-2026). The major factor that contributes in the growth of the market includes the growing industrial automation in the country. Many institutions and organizations have taken initiatives for the adoption of automation in the manufacturing sector. For instance, the UK’s Manufacturing Technology Centre pioneered robot technology combining laser metrology and a real-time control system. It enabled real-time corrections to a robot’s path throughout the manufacturing process, mostly functional in complex manufacturing spaces such as aerospace and automotive industries. Therefore, with growing automation in these industries, further encourages the adoption of the manufacturing execution system and further propels the market growth.
Browse the full report description of "UK Manufacturing Execution System Market Size, Share & Trends Analysis Report by Deployment Type(Cloud-Based and On-Premises), By Industry (Automotive, Aerospace & Defense, Oil & Gas, Chemical, Food & Beverages, Healthcare, and Others) and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/uk-manufacturing-execution-system-market
Moreover, In the biotech industry, the use of AI and machine learning becomes more prominent that further propels the demand for manufacturing execution systems in the healthcare sector. Various pharmaceutical companies are willing to invest huge funds to be well-positioned in the AI in the healthcare market. As an instance, GlaxoSmithKline PLC entered into a $43 million agreement with Exscientia Ltd. to use AI in discovering novel and selective small molecules for up to 10 disease-related targets across multiple therapeutic areas. In 2017, UK biotech raised around $634 million in venture capital and around $288 million was raised through Initial Public Offerings (IPOs) and nearly $556 million in follow-on funding that supports the translation of research into practical application, including commercialization.
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
UK Manufacturing Execution System Market – Segmentation
By Deployment Type
By Industry
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/uk-manufacturing-execution-system-market