Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3.67 Billion | USD 7.37 Billion | CAGR at 7.20% | 2023 |
According to the report published by Zion Market Research, the global Hermetic Packaging Market size was valued at USD 3.67 Billion in 2023 and is predicted to reach USD 7.37 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.20% during the forecast period. The report analyzes the global Hermetic Packaging Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hermetic Packaging Market industry.
Hermetic packaging is a process of wrapping the products in such a way that there is no space for air, oxygen, chemicals, and others to enter the product. The hermetic packaging is used for a number of applications in the areas such as food and beverages, aeronautics, architectural structures, and others.
The major factors that drive the global hermetic packaging market growth are the rising demand for energy and hermetically packaged products, especially the electronic components. The various application in the areas such as space, electronics, aeronautics, and automobile components help propel the global market growth. The demand for multilayer ceramic packaging for the high-frequency purposes such as wireless communication, optical communication, and data communication fuels the growth of the global hermetic packaging market. The growth and the development of the aeronautics and space industry escalate the global market. The stringent regulatory and military policies regarding its usage hinder the growth of the global market.
The global hermetic packaging market is segmented based on the type, configuration, end-user industry, and application.
The type segment is divided into transponder glass, glass–metal sealings, reed glass, passivation glass, and ceramic–metal sealing.
The configuration segment is categorized into metal can packages, multilayer ceramic packages, and pressed ceramic packages.
The end-user industry is bifurcated into aeronautics and space, military and defense, energy and nuclear safety, medical, automotive, telecommunication, and others. The energy and nuclear safety subsegment are further classified into oil and gas applications, fuel cell manufacturing, and electrical penetration control. The medical subsegment is grouped into dental applications and veterinary applications. The automotive subsegment is divided into battery protection, RFID transponder operation, and airbag initiation.
The application segment is categorized into MEMS switches, lasers, sensors, airbag ignitors, oscillating crystals, photodiodes, transistors, and others. The multilayer ceramic packages segment is expected to dominate the global market.
Report Attributes | Report Details |
---|---|
Report Name | Hermetic Packaging Market Research Report |
Market Size in 2023 | USD 3.67 Billion |
Market Forecast in 2032 | USD 7.37 Billion |
Growth Rate | CAGR of 7.20% |
Number of Pages | 201 |
Key Companies Covered | AMETEK Inc., SCHOTT AG, Texas Instruments Incorporated, Teledyne Microelectronics, Amkor Technology, and Micross Components Inc. The other players dominating the global market include Materion Corporation, Legacy Technologies Inc., Willow Technologies, and KYOCERA Corporation |
Segments Covered | By type, By configuration, By end-user industry, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Since a very long period, the Asia-Pacific region is expected to dominate the global hermetic packaging market. The growing need for hermetically packaged products in the Asia-Pacific region is expected to fuel the market in that region. The emerging regions such as China, India, and Japans increasing demand for the energy and the rising GDP growth rate propels the overall growth rate of the global market. The developing regions such as Japan, China, and India’s contribution in the satellite launches, space exploration, and space research are expected to drive the global hermetic packaging market growth. The growing military and defense industries in the regions such as U.S., Canada, Mexico, China, and India also boost the global market growth.
The key players in the global hermetic packaging market include :
The other players dominating the global market include
The Global Hermetic Packaging Market is segmented as follows:
By type
By configuration
By end-user industry
By application
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed