Press release
Hermetic Packaging Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Kyocera Corporation and Teledyne Microelectronics are key players.
Hermetic Packaging Market is expected to grow at a CAGR of 4.95% to reach a market size worth US$5.420 billion by 2027.The prime factors propelling the growth of the hermetic packaging market are the rise in the consumption of automotive and electronics market products and the expansion of the aerospace industries.
The hermetic packaging market will witness robust growth over the forecast period.
Hermetic packaging is employed to shield sensitive electronics from various harmful external stimuli, including soil, humidity, atmospheric pressure, and other natural dangers. Metal contacts, glass beads, glass-to-metal seals, composite materials, and other materials are some predominant materials used to create hermetic packaging. This type of packaging is becoming increasingly prevalent in the petrochemical, aerospace, automotive, medical, and optical networking industries. The necessity to protect delicate electrical components and electronics grow as the environment becomes more unstable, which generates a high demand for hermetic packaging. The expansion of the end-user industries consuming hermetic packaging, such as aerospace, automotive, and electronics, is driving the need for hermetic packaging solutions. However, the hermetic packaging market may be hampered by the corrosion of metal packaging and the breakage of glass packaging due to its excessive weight, which could spoil the end product.
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The hermetic packaging market has been segmented into type, configuration, end-use industry, application, and geography.
Based on the configuration, the market has been classified into multilayer ceramic, metal can, and pressed ceramic packages. Furthermore, depending on the type, the market has been analyzed into ceramic metal sealing, glass metal sealing, passivation glass, transponder glass, and reed glass.
Based on application, the classification has been done into transistors, lasers, photodiodes, airbag ignitors, and others. The rising demand for hermetic packaging in the medical sector is increasing its application in lasers and other medical equipment. In addition, the rise in consumption of lasers across different medical fields, including dermatology and cosmetology, is expected to increase the market share of the application of hermetic packaging in the laser segment over the forecast period.
By end-use industry, the market has been segmented into military and defense, aerospace, automotive, energy, and others. The automotive and aerospace industries are expected to witness significant growth in this division. In the automotive sector, sensitive, corrosive auto components, including air conditioning compressors, engine controls, airbag igniters, seatbelt pre-tensioners, and others, are increasingly raising the consumption of hermetic seals. Apart from this industry, hermetic connections are extensively used in the aerospace sector to employ them in airport terminals and interior airplane headers.
By region, North America is estimated to retain a substantial market share fueled by the advancements in hermetic packaging technology and increased consumption across electronics and aerospace industries. Due to the rise in demand for consumer electronics like cell phones, laptops, and PCs brought on by the pandemic, there was an increase in the need for hermetic packaging. In addition, with the rise in electronic production, North American economies experienced a surge in demand for hermetic glass packaging, seal packaging, and metal can packaging for sensors and batteries. Furthermore, the rise in air travel across the region fueled by the increase in disposable income necessitates sustained environmental protection for aircraft through hermetic seal headers, connectors, and terminals. Additionally, hermetic packaging technologies, including robotics and laser, are gaining popularity in this region.
Major players covered in the hermetic packaging market are SCHOTT AG, AMETEK, Amkor Technology, Texas Instruments, Teledyne Microelectronics, Kyocera Corporation, Materion Corporation, Egide, Micross Components, Legacy Technologies, and Hermetic Solutions Group.
This Hermetic Packaging Market has been analyzed into the following segments:
• By Configuration
o Multilayer Ceramic Packages
o Metal Can Packages
o Pressed Ceramic packages
• By Type
o Ceramic Metal sealing
o Glass metal Sealing
o Passivation Glass
o Transponder Glass
o Reed Glass
• By Application
o Transistors
o Lasers
o Photo Diodes
o Airbag Ignitors
o Others
• By End-Use Industry
o Military and Defence
o Aerospace
o Automotive
o Energy
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Spain
• Others
o Middle East and Africa
• Saudi Arabia
• Israel
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Taiwan
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/global-glass-packaging-market
• https://www.knowledge-sourcing.com/report/smart-bottle-market
• https://www.knowledge-sourcing.com/report/blow-fill-seal-technology-market
• https://www.knowledge-sourcing.com/report/global-contract-packaging-market
• https://www.knowledge-sourcing.com/report/global-metal-packaging-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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