Hermetic Packaging Market Size
Hermetic Packaging Market size was valued at over USD 3.7 billion in 2022. Driven in-part by the rapid development of North America’s healthcare infrastructure, the market is slated to register a 7.5% CAGR from 2023 to 2032.
The market is expected to be shaped favorably by rising healthcare investments, easy access to modern products, and growing elderly population in North America. According to the U.S. Census Bureau, the need for pacemakers will rise as about one in four Americans will be aged 65 or over and the number of persons above 85 triples. Actually, the US FDA is giving clearances for sophisticated pacemakers more and more, which fuels market expansion even more. Hermetic packaging industry development is expected to be much benefited by this optimistic view of the pacemaker market for the region.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Hermetic Packaging Market Size in 2022 | 3.7 Billion (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.5% |
| 2032 Value Projection | 7.9 Billion (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 203 |
| Segments covered | Configuration, Product, Application, Sector and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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Stringent regulations on hermetic packaging may impede industry development
Strict criteria in the medical, military, and defense industries must be followed by hermetic packaging products, which could restrict their future expansion. Regarding the packaging of electrical devices and components used in the military and defense sectors, there are specified rules there. Concurrent with this, the medical industry has strict policies of its own meant to guarantee patient safety and continuous operation of medical tools. Industry players are finding it more and more difficult to follow these rules as they keep becoming tighter.
Hermetic Packaging Market Analysis
Hermetic packaging market is categorized based on configuration into pressed ceramic, metal can, and multi-layer ceramic. Driven by their low lead-count and economy, metal can segment is expected to reach USD 4 billion by 2032. The increasing demand for metal cans for hybrid and linear uses helps to explain the segment rise as well.
These packages can be a matching or compression seal; their metal basis consists of lead through a glass seal. The hermetic seal is formed by weldings the metal can to the metal base following device assembly.
Hermetic packaging market is categorized based on product into glass-metal sealing, passivation glass, ceramic-metal sealing, reed glass, and transponder glass. Thanks to its thermal advantages and mechanical strength of the product, ceramic metal-sealing segment valuation is expected to rise to USD 2.6 billion by 2020. Adoption of single and dual-lead ceramic-metal seals supports their protection of the heating components from oil and grease moisture and harmful fumes.
Furthermore, they offer an insulated vacuum-tight feed across the termination of power cables or heating elements. They also find great usage for isolating other power sources, industrial heaters, and terminating power lines.
Regarding the range of applications, the hermetic packaging market consists in photodiode, laser, airbag igniter, translator, sensor, MEMS switch, and others. Laser section is likely to have over 5% CAGR between 2023 and 2032. Mostly driving segment outlook, hermetic laser packaging provides outstanding heat dissipation and high optical precision. Further expected to increase segment share are improvements in package designs and high-transmission glass since they provide outstanding optical performance by letting emissions in horizontal and vertical directions.
Sector-wise, the industry is split into medical, automotive, aerospace, military & defense, telecommunication, and others. Thanks to the fast rising demand for air travel, hermetic packaging industry from the aerospace sector is expected to produce revenues of more than USD 1.8 billion by 2032. Over the previous decades, improving living standards has made air travel more within reach for the general people. Improving discretionary incomes has, however, also driven the expansion in aerial transportation and logistics.
Rising military and defense expenditure in Europe will help to show more than 7.5% CAGR from 2023 to 2032 in hermetic packaging market. Furthermore improving the market environment are vigorous R&D projects in the healthcare industry and the availability of excellent aeronautical skills. Growing desire for premium and automated cars helps to explain the regional development as well.
Hermetic Packaging Market Share
Some hermetic packaging sector industry players include
- AMETEK, Inc
- SCHOTT AG
- Teledyne Advanced Electronic Solutions
- Materion Corporation
- KYOCERA Corporation
Many firms in the field are frequently rolling out advanced product iterations to maintain their foothold in the market.
Impact of COVID-19 Pandemic
COVID-19 had a negative impact on the hermetic packaging industry due to disruptions in air travel owing to prolonged social distancing norms and countrywide lockdowns. Meanwhile, the industry also experienced a revenue drop from the automotive sector, its major end-user, which was struggling to make new vehicle sales.
The hermetic packaging market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD million from 2018 to 2032 for the following segments
By Configuration
- Multi-layer ceramic packages
- Pressed ceramic packages
- Metal can package
By Product
- Ceramic-to-metal sealing
- Glass-to-metal sealing
- Passivation glass
- Transponder glass
- Reed glass
By Application
- Lasers
- Photodiodes
- Airbag Ignitors
- MEMS Switches
- Transistors
- Sensors
- Others
By Sector
- Military & Defense
- Aerospace
- Automotive
- Medical
- Telecommunication
- Others
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
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