The hermetic packaging market is poised to increase at a 4.2% CAGR from 2023 to 2033, acquiring a market value of US$ 5.2 billion by the end of 2033, up from US$ 3.4 billion in 2023.
Emerging hermetic packaging demand is associated with heightened research and development efforts in the defense and aerospace sectors. Electronic systems in hermetic electronic packaging are protected from external factors such as changes in atmospheric pressure and moisture, which can harm sensitive electronic components or electrical connections.
This positive momentum is driven by the rising demand for hermetic packaging solutions across industries such as electronics, healthcare, and aerospace. As the need for secure and reliable packaging intensifies, the hermetic packaging market is expected to play a pivotal role in meeting these requirements.
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Beyond its applications in the electronics and semiconductor sectors, hermetic packaging has found a crucial role in preserving the integrity of sensitive electronic devices, shielding components like laser diodes, sensors, and optoelectronic elements from the damaging effects of moisture and rust.
The rapid expansion of the hermetic packaging market in the Asia Pacific region can be attributed to factors such as heightened defense expenditure, growing economies, and an increased demand for energy. By 2023, East Asia, South Asia, and Oceania are collectively projected to contribute 38% to the global market share.
Key Takeaways
- Together, East Asia, South Asia, and Oceania are to account for 38% of the global hermetic electronic packaging market in 2023.
- Due to significant regional end-use sectors’ high hermetic packaging sales, North America is to account for 24.7% of the global market.
- In 2023, Europe is projected to hold a 29.6% share of the global hermetic food packaging market.
- Latin America and the Middle East and Africa are to hold 4.7% and 3.1% of the hermetic food packaging market share, respectively, in 2023.
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Industry Competition Analysis for Hermetic Packaging
The intense rivalry in the hermetic packaging market is fairly strong owing to the existence of some prominent hermetic packaging manufacturers such as
- AMETEK Inc.
- Amkor Technology Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
These manufacturers have a competitive lead over their competitors thanks to their ability to continuously improve their products and services. The hermetic packaging manufacturers can gain a solid presence in the hermetic seal market through strategic alliances, mergers and acquisitions, and research and development initiatives.
Key Segmentations
By Hermetic Seal:
- Epoxy Hermetic Seals
- Glass-to-Metal (GTM) Hermetic Seals
- Ceramic-to-Metal (CTM) Hermetic Seals
- Glassware Sealings
- PTFE Sealing Rings
- O-Rings
- PTFE Sleeves
By Configuration:
- Multilayer Ceramic Packages
- Metal Can Packages
- Pressed Ceramic Packages
By Application:
- Semiconductor Electronics
- Thermostats
- Optical devices
- Switches
- Microelectromechanical Systems (MEMS)
- Electrical or Electronic Parts
- Batteries
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- The Middle East Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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