Hermetic Packaging Market 2021 Outlook and Future Growth Opportunities: Schott AG, Ametek Inc., Kyocera Corporation, Micross Components Inc., Willow Technologies Ltd., SGA Technologies limited, CompleteHermetics, Special Hermetics products Inc

Hermetic Packaging Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Hermetic Packaging market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The hermetic packaging market was valued at USD 3,415.6 million in 2020 and is expected to reach USD 5,319.9 million by 2026, at a CAGR of 8% over the forecast period 2021 - 2026. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Hermetic Packaging Market: Schott AG, Ametek Inc., Kyocera Corporation, Micross Components Inc., Willow Technologies Ltd., SGA Technologies limited, CompleteHermetics, Special Hermetics products Inc., Materion Corporation, Teledyne Technologies Incorporated, Egide SA and others.

Industry News and Updates:

- March 2019 - Windjammer Capital Investors LLC announced the purchase of Hermetic Solutions Group LLC a leading global provider of mission-critical, highly engineered component and protection solutions.

AMETEK Announces Completion of Hermetic Connector Production Expansion

Friday, February 14, 2020: Cincinnati, OH -- AMETEK, a leading manufacturer of high-performance hermetic connectors, has announced the completion of a significant manufacturing capacity expansion, reducing lead time by 35% for products which have been in short supply for over a year. Facilities, equipment, and personnel at their Ohio and California sites have been increased.

AMETEK hermetic connectors are sold under the Sealtron and Hermetic Seal brands.  These high performance, ruggedized connectors are used in demanding and reliability sensitive applications such as aerospace, defense, energy exploration, and medical devices.  Increasing worldwide demand for AMETEK’s highest performing connectors led to the decision to invest in significant upgrades to manufacturing facilities, equipment, and skilled technical production staff.

SCHOTT AG to Acquire Primoceler Oy, a Laser Glass-Bonding Specialist

07.09.18: SCHOTT AG has entered into an agreement to acquire Primoceler Oy, a Finnish pioneer in glass micro bonding. The company’s hermetic packaging technology creates new possibilities for protection of sensitive electronics in medical implants, MEMS devices and other reliability-critical applications.

With this acquisition, SCHOTT enhances its core competence in the field of hermetic packaging. The transaction is expected to be completed before the end of 2018, subject to certain customary closing conditions. The parties have agreed to maintain confidentiality regarding the purchase price. Upon finalization of the acquisition, the company will conduct its business activities under the new name SCHOTT Primoceler Oy based in Tampere, Finland, as part of SCHOTT’s Electronic Packaging division.

SCHOTT’s Electronic Packaging division is among few companies worldwide offering a complete range of hermetic packaging technologies to protect sensitive electronics in automotive, aerospace, medical, and energy applications, among others. Hermetic packaging refers to the sealing of electrical contacts with glass or ceramics. These inorganic and virtually non-aging materials are used as insulators that prevent the intrusion of moisture and other contaminants.

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Market Overview:

- The increasing need to protect the sensitive components from the aggressive external environments as wells from any negative effects of the substance contained in the package is expected to boost the demand for the hermetic packaging over the forecast period.

- With the increasing trend of miniaturizing the housing of a component has given rise to look for housing that could support such miniaturized components. The hermetic packaging and sealing technology supports the housings which are not much larger than the head of a pin (1.2 millimeters) which could easily suffice the above needs thereby fueling the growth for the market throughout the forecast period.

- The increase in government expenditure in the fields of aerospace and defense is expected to drive the market over the forecast period. As this sector involves the usage of critical components in the extreme condition, it becomes imperative for the manufacturers to provide them with the equipment that could easily withstand such conditions.

- For instance, in 2017, the United States military expenditure amounted to 3.15% of the total gross domestic product.

- The demand for consumer electronics has been increasing coupled with the technological advancements in the fields of smart consumer devices is expected to boost the demand for the hermetic packaging throughout the forecast period.

Reed Glass is Expected to Hold Significant Share

- Reed Glasses provide Highly reliable encapsulation of reed switches over millions of switching cycles.
- The numerous electronic applications involve the usage of the Glass tubes where some discrete electronic components demand protection, isolation or being sealed. However the function of this glass many a time is to electrically insulate passive components or it functions as a hermetic seal.
- Reed glass has found its applications in the centralized locking systems of automobiles, as switches in hot water boilers or as belt sensors. the reed switches without any mechanical influence from the outside open and closes the electrical circuits.
- Contact is established when a weak magnetic field presses two metal contact blades together inside a thin glass tube. A reed switch when in resting state does not require power which makes this important for the devices consuming very less power.
- As they possess no mechanical control, without any wear reed switches can handle millions of make-and-break cycles.
- The metal blades should be free of dust and hermetically sealed inside the glass tubes with inert gas with high tolerances to ensure the functionality.

North America is Expected to Hold the Largest Share

- The increased government spending on the aerospace and defense sector by the government in the region is expected to boost the hermetic packaging market over the forecast period.
- For instance, in 2017, the United States military expenditure amounted to 3.15% of the total gross domestic product.
- The increased consumer spending in the fields of consumer electronics coupled with increased penetration of smart communication devices like smartphones is expected to fuel the demand for the hermetic packaging over the forecast period.
- For instance, according to the Consumer Technology Association, the consumer electronics industry is expected to grow by 3.9% in size from 2018 to 2019 thereby reaching a total retail revenue value of USD 398 billion.
- Hermetic packaging has widespread applications in the healthcare sector as well and with the increased spending on health care in the region, the hermetic packaging market is expected to witness growth over the forecast period.
- For instance, according to the Centers for Medicare and Medicaid Services, the healthcare spending in the region grew by 3.9% in 2017 reaching 3.5 trillion or USD 10,739 per person. Health spending accounted for 17.9% as a share of nation's Gross Domestic Product.

Competitive Landscape

The competitive rivalry in the hermetic packaging market is quite high owing to the presence of some key players such as Schott AG, SGA technologies, Kyocera and many more. Their ability to continually innovate their products and services has allowed them to gain a competitive advantage over other players. Through strategic partnerships, mergers & acquisitions and research and development activities the players are able to attain a strong foothold in the market.    

Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Hermetic Packaging market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Hermetic Packaging market deployed in the region. While an important piece of the Hermetic Packaging market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Hermetic Packaging market: Where are the opportunities? What does the future look like for Hermetic Packaging? What will be the market size in the next 5 years?
Hermetic Packaging Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Hermetic Packaging market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Hermetic Packaging market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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