Industrial Consultancy & Sponsored Research (IC&SR) , IIT Madras
Category- Assistive, Test Equipment and Design Manufacturing
Industry Classification:
Materials Testing and Development; Metal Forming and Fabrication; Automotive and Aerospace
Applications:
Formability Evaluation of Magnesium Alloy Sheets; Material Development for Lightweight Structures and Precise Automated Testing and Data Analysis.
Market report:
The global high-temperature materials testing market size was valued at USD 1.5 billion in 2023 and is projected to grow to USD 2.8 billion by 2032 with a CAGR of 6.9%.
Whereas, the global Magnesium alloys market valued at USD 2.46 Billion in 2024 is projected to grow to USD 7.45 Billion by 2031 with a CAGR of 6.40%
Prof. Sushanta Kumar Panigrahi
Department of Mechanical Engineering
TRL 4
Technology Validated in Lab