The hermetic packaging market size is projected to reach US$ 8.06 billion by 2031 from US$ 4.83 billion in 2023. The market is expected to register a CAGR of 6.6% in 2023–2031. The rising trend of component miniaturization is likely to remain a key hermetic packaging market trends.
The increased use of hermetic packages in the defense and aerospace industry, driven by growing research and development efforts, is a key factor contributing to market growth. These specialized packages protect electronic systems from environmental factors like changes in atmospheric pressure and moisture, safeguarding delicate components and electrical connections from potential damage. The reliable performance of hermetic packaging extends the lifespan of electrical components, benefiting a wide variety of medical and electronic products and thereby driving market expansion.
Hermetic packaging refers to a sealing method that creates an airtight barrier to prevent the passage of air, oxygen, and other gases. It employs a variety of materials, such as metals, glass, plastics, ceramics, and epoxy resins. The primary benefit of hermetic packaging lies in its ability to establish a secure and airtight environment for the enclosed contents, safeguarding them from external influences such as changes in air pressure, moisture, dirt, and other potential hazards that could compromise the functionality of electronic devices or damage delicate connections.
The healthcare industry's increasing embrace of hermetic packaging can be attributed to its lightweight quality, remarkable resistance to different substances, ability to withstand autoclaving, stability against thermal shock, high electrical insulation, and temperature resilience. These advantages are driving the growing need for hermetic packaging in the medical field, where it is extensively used to protect sensitive electronic components from contamination. Additionally, these packages play a crucial role in preserving the reliable electronic function of implanted hearing devices, contributing to the expected expansion of the market.
The use of pressed ceramic packages, which are essentially hermetically sealed ceramic enclosures, is on the rise in the aerospace industry. These packages are extensively utilized in a range of aircraft systems, such as hermetically sealed terminals, connectors, and headers. For instance, vital components like flight data recorders depend on hermetic connectors to safeguard delicate electronic parts. Moreover, hermetic connectors are employed in fuel systems and tank sensor systems to prevent fuel leakage. The growing demand for pressed ceramic packages in commercial aircraft is anticipated to create substantial market growth opportunities.
Key segments that contributed to the derivation of the hermetic packaging market analysis are product, application, and industry vertical.
The geographic scope of the hermetic packaging market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The hermetic packaging market in North America is expected to account for a significant portion of the global market, with high sales volumes in key regional end-use industries. One of the leading applications for hermetic packaging in this region is in the aerospace sector, which is anticipated to offer tremendous opportunities for market expansion due to the presence of numerous aerospace companies. Additionally, the presence of innumerable aerospace companies in the US is anticipated to provide notable opportunities for market growth in this industry.
The regional trends and factors influencing the Hermetic Packaging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Hermetic Packaging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.83 Billion |
| Market Size by 2031 | US$ 8.06 Billion |
| Global CAGR (2023 - 2031) | 6.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Hermetic Packaging Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Hermetic Packaging Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The hermetic packaging market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: CPS Technologies, Company Website, 2023)
The “Hermetic Packaging Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The market was estimated to be US$ 4.83 billion in 2023 and is expected to grow at a CAGR of 6.60% during the period 2023 - 2031.
The rising adoption of hermetic packaging within healthcare and the growing consumer electronics industry are the major factors that propel the market.
Rising trend of component miniaturization is anticipated to play a significant role in the market in the coming years.
The key players holding significant shares in the market are Ametek, Inc., Egide SA, Kyocera Corporation, Legacy Technologies Inc., and Materion Corporation.
The market is expected to reach US$ 8.06 billion by 2031.