Hermetic Packaging Market Trends, Share, and Growth by 2031
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.
Hermetic Packaging Market Analysis
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 Market Overview
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.
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Hermetic Packaging Market: Strategic Insights
Market Size Value in US$ 3.51 Billion in 2018 Market Size Value by US$ 6.19 Billion by 2027 Growth rate CAGR of 6.6% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Hermetic Packaging Market: Strategic Insights
| Market Size Value in | US$ 3.51 Billion in 2018 |
| Market Size Value by | US$ 6.19 Billion by 2027 |
| Growth rate | CAGR of 6.6% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Hermetic Packaging Market Drivers and Opportunities
Rising Adoption of Hermetic Packaging within Healthcare to Favor the Market
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.
Increasing Utilization Of Pressed Ceramic Packages
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.
Hermetic Packaging Market Report Segmentation Analysis
Key segments that contributed to the derivation of the hermetic packaging market analysis are product, application, and industry vertical.
- Based on product, the market is segmented into passivation glass, transponder glass, reed glass, glass-to-metal sealing, and ceramic-to-metal sealing. The passivation glass segment held a substantial market share in 2023.
- Based on application, the market is divided into transistors, MEMS, sensors, lasers, photo diodes, airbag ignitors, and others. The transistors segment is expected to hold a significant share of the market in 2023.
- In terms of industry vertical, the market is divided into aerospace, medical, telecommunications, consumer electronics, military and defense, automotive, and others. The aerospace segment is expected to hold a substantial share of the market in 2023.
Hermetic Packaging Market Share Analysis by Geography
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.
Hermetic Packaging Market Report Scope
Hermetic Packaging Market News and Recent Developments
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:
- CPS Technologies Corporation (NASDAQ: CPSH) announced today that the company has secured $5.0M in purchase orders for hermetic packages from a leading Aerospace electronics manufacturer in support of both U.S. space missions and high-volume production tactical programs.
(Source: CPS Technologies, Company Website, 2023)
Hermetic Packaging Market Report Coverage and Deliverables
The “Hermetic Packaging Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application ; Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The market was estimated to be US$ 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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