The global enterprise manufacturing intelligence market size stood at USD 4.0 billion in 2022. It is likely to surpass USD 13.8 billion by 2032. A CAGR of 13.3% is estimated for the market from 2022 to 2032.
Manufacturing intelligence technology can monitor the entire factory infrastructure with the help of data analytics. It gives users a better understanding of which equipment is not performing to specifications. It also provides details about tools that are not enhancing the overall asset effectiveness and productivity.
Businesses need to be able to view their factory floor operations throughout the organization more than ever before. It is primarily to make quick and more educated choices.
One of the key factors propelling the market ahead is the difficulty in accessing such crucial operational indicators. It is due to complex supply chains, distributed activities, and data that is being gathered in diverse forms.
Various facilities are integrating digital technology to enhance, automate, and modernize their whole workflow as industrial revolution 4.0 takes hold in the industrial sector. The internet of things and other digital transformation technologies are increasingly being integrated as they offer outstanding advantages.
Big data and GPS monitoring are being used by manufacturing organizations to modernize their supply chains. It not only aids in data-driven planning to handle supply, demand, and logistical challenges but also gives them a competitive edge over rivals. It also helps them to stay ahead of the competition.
Big data's emergence is anticipated to have a significant impact on the market's expansion. It might be widely applied in the automotive, aerospace & military, and other industries.
Enterprises can identify, analyze, and fix problems & flaws in their manufacturing unit. It could boost efficiency by integrating big data with enterprise manufacturing intelligence software.
By setting up special training during the production process with virtual and augmented reality, producers can make tweaks or test out new design concepts. They do not have to hold an actual version of the product in their hands.
| Attributes | Key Insights |
|---|---|
| Enterprise Manufacturing Intelligence Market Estimated Size (2022E) | USD 4.0 billion |
| Projected Market Valuation (2032F) | USD 13.8 billion |
| Value-based CAGR (2022 to 2032) | 13.3% |
| USA Value-based CAGR (2022 to 2032) | 12.1% |
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As per Future Market Insights (FMI), the global enterprise manufacturing intelligence market witnessed a CAGR of 17.1% from 2017 to 2021. It is set to exhibit steady growth at a CAGR of 13.3% in the forecast period.
Production technologies used in the automotive industry are changing quickly. Manufacturers of original equipment in the sector are also dealing with various difficulties in designing, producing, and modernizing traditional powertrain models. They are aiming to align their production methods with cutting-edge technologies that will improve customer satisfaction and experiences.
Fast expanding usage of robotics in the automotive production process would stimulate demand for industrial intelligence solutions in the automotive industry. Advent of digitalization and artificial intelligence technologies would also drive demand.
The automotive sector has historically been the first to embrace cutting-edge production technologies, from the advanced assembly plant to agile manufacturing procedures. Demand for these technologies is anticipated to be driven by automobile producers and vendors worldwide as the sector deals with short design-to-production periods.
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North America to Showcase High Demand for Enterprise Manufacturing Intelligence Software
North America enterprise manufacturing intelligence market size stood at a valuation of USD 1.3 billion in 2021. It had a market size of USD 1.6 billion in 2022.
It is projected that North America will surpass USD 5.6 billion in 2032. The region would witness a CAGR of around 41.3% from 2022 to 2032.
The manufacturing industry contributes significantly to the economy of North America. There are a wide variety of manufacturing industries in the region. These include electronics, food & beverage, automotive, aerospace, and automotive. The two largest nations in North America, namely, the USA and Canada are also where the manufacturing facilities are predominantly located.
The USA is considered to be a significant economy in the world. It had a manufacturing output of about USD 2.3 trillion in 2018. It rose to around USD 2.4 trillion in 2021.
Enterprise manufacturing intelligence helps with increasing the productivity of manufacturing units by providing real-time data. Rapid expansion of the manufacturing industry is projected to expand demand for enterprise manufacturing intelligence software in North America.
Enterprise Manufacturing Software to Gain Impetus across the USA by 2032
The USA enterprise manufacturing intelligence market size is expected to be worth USD 4.4 billion by 2032. It would create an absolute dollar opportunity of USD 3.0 billion in the forecast period.
The USA market witnessed growth at a CAGR of 15.4% from 2017 to 2021. It is set to expand at a CAGR of 12.1% from 2022 to 2032.
Manufacturing sector of the USA includes automotive, electronics, aerospace, food & beverage, pharmaceutical, chemical, and energy production. The country also has few of the world’s biggest companies manufacturing their products. It makes the USA one of the prominent manufacturing countries in the world.
Government of the USA has recently started providing incentives to companies to increase their manufacturing capacity within the country. To increase productivity of their manufacturing units, enterprise manufacturing intelligence software is widely utilized. Hence, rising manufacturing output in the country is projected to expand the market for enterprise manufacturing intelligence software.
The USA is also one of the prominent car manufacturers in the world, producing around 9 million units of cars in 2021. The country also has one of the significant manufacturing sectors contributing to around 11% of its GDP. With rising automation in the manufacturing sector and rapid surge in terms of manufacturing capacities, the market is projected to expand during the assessment period.
Rising Production of Food and Drinks in the United Kingdom to Spur EMI Demand
The United Kingdom enterprise manufacturing intelligence market is likely to be worth USD 666.3 million by 2032. It would create an absolute dollar opportunity of USD 460.1 million in the evaluation period.
The United Kingdom showcased steady growth at a CAGR of 15.8% from 2017 to 2021. It is expected to expand at a CAGR of 12.4% from 2022 to 2032.
The United Kingdom has a significant manufacturing industry comprising goods such as metals, automobiles, food & drinks, and tobacco. The manufacturing sector contributed around 17% to the overall GDP in 2021.
The total manufacturing output in the country was around USD 254 billion in 2018. It rose to around USD 274 billion in 2021. Rising automation within the manufacturing industry and increasing industrial output are projected to expand demand for enterprise manufacturing intelligence software.
The software will be used to improve the productivity of manufacturing units, Hence, the market for enterprise manufacturing intelligence is projected to elevate in the United Kingdom during the assessment period.
Manufacturing Intelligence Software to Gain Momentum in China as Export Rate Increases
China enterprise manufacturing intelligence market is expected to be worth USD 1.2 billion by 2032. It would create an incremental opportunity of USD 883.5 million in the assessment period.
The China market witnessed growth at a CAGR of 18.7% from 2017 to 2021. It is expected to flourish at a CAGR of 14.4% from 2022 to 2032.
China is a predominant country in terms of manufacturing in the world. The country is also called the manufacturing hub of the world.
China is also considered to be a leading exporter of manufactured goods such as computers, broadcasting equipment, and integrated circuits in the world. Total value of exports of China is projected to be around USD 2 trillion per year.
The total manufacturing output of the country was around USD 3.8 trillion in 2018. It increased to around USD 4.8 trillion by 2021. With rapid industrialization and expansion in the manufacturing capacities of various industries, the market for enterprise manufacturing intelligence software is projected to expand during the assessment period.
Improvement in Manufacturing Technologies in Japan to Call for Manufacturing Enterprise System
Japan enterprise manufacturing intelligence industry is expected to be worth USD 1.0 billion by 2032. It would create an absolute dollar growth of USD 705.3 million in the forecast period.
The market in Japan showcased growth at a CAGR of 16.2% from 2017 to 2021. It is likely to elevate at a CAGR of 12.7% from 2022 to 2032.
Japan has a significant manufacturing industry contributing around 20% to the GDP. Manufacturing in the country is well known for its high-quality products. These are achieved by continuous improvement in manufacturing technologies and efficient production techniques.
Japan is among the largest manufacturers of automation and robots. It is also a leading manufacturer of automobiles producing about 8.3 million units in 2019.
The manufacturing output of Japan was around 995 billion in 2020. Since there is an increasing demand for automobiles in the country, enterprise manufacturing intelligence software is being utilized. It is used to improve the productivity of manufacturing units to meet the growing demand.
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Demand for Embedded Enterprise Manufacturing Intelligence Software to Expand by 2032
Based on deployment type, the embedded segment is likely to register steady growth at a CAGR of 13.2% from 2022 to 2032. The segment witnessed a CAGR of 16.8% from 2017 to 2021.
In a conventional development cycle, deploying embedded industrial systems that are linked to the web and cloud can take weeks or months. Hence, by decreasing complexity of the underlying hardware, cloud networking tools for embedded systems are crucial tools. These are used to make the procedure for linking embedded systems with cloud-based services simpler.
Sales of Enterprise Conceptual Data Model Services to Surge Worldwide by 2032
The services segment by offering is projected to witness prominent growth by 2032. It showcased growth at a CAGR of 16.5% from 2017 to 2021. It is expected to surge at a CAGR of 13.1% from 2022 to 2032.
Enterprise manufacturing intelligence service providers help businesses with the necessary tools that are required for optimization of their manufacturing process. Production planning is an essential part of manufacturing.
It helps to ensure that the processes are running smoothly and there is little to no wastage of resources. As more manufacturers are looking to improve the productivity of their manufacturing units, demand for service providers is expanding. Hence, the segment is projected to expand during the assessment period.
Market players are investing heavily in research and development activities. They are aiming to launch unique products to offer better productivity. These companies are also focusing on product launches to augment their market positions.
A few recent developments in the enterprise manufacturing intelligence market are
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 4.0 billion |
| Projected Market Valuation (2032) | USD 13.8 billion |
| Value-based CAGR (2022 to 2032) | 13.3% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France,Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Deployment Type, Offering, End-use Industry, Region |
| Key Companies Profiled | Honeywell International Inc.; Rockwell Automation Inc.; Schneider Electric SE; Siemens AG; Aspen Technology Inc.; Dassault Systems SA; Emerson Electric Co.; General Electric Co.; SAP SE; Yokogawa Electric Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
By 2033, the market is expected to be worth USD 13.8 billion.
The market is to endure at a 13.3% CAGR through 2033.
The sales increased at an HCAGR of 17.1% between 2017 and 2021.
The United Kingdom market to accelerate at a CAGR of 12.4% through 2033.
The North America market is to thrive at a CAGR of 41.3% through 2033.
The embedded segment tends to strengthen at a CAGR of 13.2% between 2022 and 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment Type 5.1. Embedded 5.2. Standalone 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Offering 6.1. Software 6.2. Services 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use Industry 7.1. Process Industries 7.1.1. Chemical 7.1.2. Energy & Power 7.1.3. Food & Beverages 7.1.4. Oil & Gas 7.1.5. Pharmaceutical 7.1.6. Other Process Industries - Mining & Metals, Paper and Pulp 7.2. Discrete Industries 7.2.1. Aerospace & Defense 7.2.2. Automotive 7.2.3. Medical Devices 7.2.4. Semiconductors & Electronics 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Honeywell International Inc. 16.2. Rockwell Automation Inc. 16.3. Schneider Electric SE 16.4. Siemens AG 16.5. Aspen Technology Inc. 16.6. Dassault Systems SA 16.7. Emerson Electric Co. 16.8. General Electric Co. 16.9. SAP SE 16.10. Yokogawa Electric Corporation 17. Assumptions & Acronyms Used 18. Research Methodology
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Enterprise Manufacturing Intelligence Market
