One of the major trends being witnessed in the market is the incorporation of casting process stimulation technology. Stimulation technology is used to produce reliable, high-precision, and cost-effective components through the casting method. It also helps in enhancing casting yield and reducing the overall processing time. When compared with conventional casting methods, stimulation-based casting helps in easy detection and elimination of defects to optimize the feed ability of the casting process.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the increasing adoption of X-ray casting defect recognition as a key factor contributing to the growth of the global metal casting market:
Increasing adoption of X-ray casting defect recognition increases efficiency: a major driver
Metal casting industries use automatic or assisted defect recognition (ADR) in X-ray applications. With X-ray technology undergoing several technological upgradations in its tube and software incorporated with improved algorithms, the demand for this technology is increasing in the production processes. The inline ADR system is still used in the production processes.
According to a senior analyst at Technavio for unit operations, “Digital radiography technology is accepted in an array of end-user markets and has thus presented several opportunities for the development of software tools. The use of digital imaging technology in production processes have made it easy to process images that helps in increasing the overall process efficiency as it helps in deciding whether to accept or reject the produced part.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global metal casting market segmentation
This market research report segments the global metal casting market into the following end-users (automotive, IM, A&D, and CM) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the four major end-users, the automotive segment held the largest market share in 2017, accounting for over 23% of the market. This end-user is expected to dominate the global market throughout the forecast period.
APAC was the leading region for the global metal casting market in 2017, accounting for a market share of more than 64%. This region is anticipated to grow steadily during the period 2018-2022.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.