The global hermetic packaging market is expected to
reach USD 5.03 billion by 2025, according to a new report by Grand View Research,
Inc. Utilization of hermetic packages is expected to grow significantly as a
result of increasing application scope from healthcare and aeronautics &
space application.
The
capability of the product to protect electronic components from temperature,
pressure, and liquids is expected to drive the market over the forecast period.
The telecom industry utilizes fragile & complex materials in various
applications such as trunk lines and metros which require efficient packaging,
thereby augmenting the demand.
Central
& South America accounted for a share of over 5.0% in 2016 Growing
population and rising consumer willingness to spend is expected to increase the
demand for electronic devices, thereby having a positive impact on the hermetic
packaging industry. In addition, high military expenditure of USD 24.6 billion
by Brazil in 2015 is likely to drive the market growth further.
Access Research Report of Hermetic Packaging
Market@ www.grandviewresearch.com/industry-analysis/hermetic-packaging-market
Further key findings
from the report suggest:
· Reed
glass segment accounted for a market share of over 7.0% in 2016 due to
increasing utilization in reed switches in automobile and aeronautics &
space
· Aeronautics
& space application is expected to witness significant growth due to
increasing investment in space research across various regions
· Healthcare
application accounted for a share of over 10.0% in 2016 as a result of
increasing usage of hermetically packed medical implants such as pacemakers and
monitoring devices
· Middle
East & Africa is anticipated to grow at a CAGR of over 5.0% from 2017 to
2025 on account of increasing global tension, which is fueling the defense
expenditure, particularly in Saudi Arabia and UAE
· Hermetic
packaging market is characterized by presence of large number of players and
extensive R&D in order to develop efficient products. Material technology
is also expected to play a major role in development of the market over the
forecast period.
· In
February 2017, Amkor acquired Nanium S.A, a semiconductor packaging, assembly,
and testing company. The acquisition supported Amkor to strengthen its business
position in wafer level packaging of electronics. In May 2017, Kyocera launched
ceramic based RFID package with an embedded antenna which strengthened the
company’s business position in the hermetic packaging sector.
Grand
View Research has segmented the global hermetic packaging market on the basis
of product, application, and region:
Hermetic Packaging Product Outlook
(USD Million, 2014 - 2025)
·
Ceramic
to Metal Sealing
·
Glass
to Metal Sealing
·
Transponder
Glass
·
Reed
Glass
·
Passivation
Glass
Hermetic Packaging Application Outlook
(USD Million, 2014 - 2025)
·
Aeronautics
& Space
·
Military
& Defense
·
Automotive
·
Healthcare
·
Telecom
·
Others
Hermetic Packaging Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North
America
o U.S.
·
Europe
o Germany
o France
·
Asia
Pacific
o China
o Japan
·
Central
& South America
o Brazil
·
Middle
East & Africa
Access
Press Release of Hermetic Packaging Market@ www.grandviewresearch.com/press-release/global-hermetic-packaging-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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