Hermetic Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-1186 | Report Format : | Status : Upcoming |

Abstract

Global Hermetic Packaging Market: Overview

Hermetic packaging is a process of wrapping the products in such a way that there is no space for air, oxygen, chemicals, and others to enter the product. The hermetic packaging is used for a number of applications in the areas such as food and beverages, aeronautics, architectural structures, and others.

Global Hermetic Packaging Market: Growth Factors

The major factors that drive the global hermetic packaging market growth are the rising demand for energy and hermetically packaged products, especially the electronic components. The various application in the areas such as space, electronics, aeronautics, and automobile components help propel the global market growth. The demand for multilayer ceramic packaging for the high-frequency purposes such as wireless communication, optical communication, and data communication fuels the growth of the global hermetic packaging market. The growth and the development of the aeronautics and space industry escalate the global market. The stringent regulatory and military policies regarding its usage hinder the growth of the global market.

Global Hermetic Packaging Market: Segmentation

The global hermetic packaging market is segmented based on the type, configuration, end-user industry, and application. The type segment is divided into transponder glass, glass–metal sealings, reed glass, passivation glass, and ceramic–metal sealing. The configuration segment is categorized into metal can packages, multilayer ceramic packages, and pressed ceramic packages. The end-user industry is bifurcated into aeronautics and space, military and defense, energy and nuclear safety, medical, automotive, telecommunication, and others. The energy and nuclear safety subsegment are further classified into oil and gas applications, fuel cell manufacturing, and electrical penetration control. The medical subsegment is grouped into dental applications and veterinary applications. The automotive subsegment is divided into battery protection, RFID transponder operation, and airbag initiation. The application segment is categorized into MEMS switches, lasers, sensors, airbag ignitors, oscillating crystals, photodiodes, transistors, and others. The multilayer ceramic packages segment is expected to dominate the global market.

Global Hermetic Packaging Market: Regional Analysis

Since a very long period, the Asia-Pacific region is expected to dominate the global hermetic packaging market. The growing need for hermetically packaged products in the Asia-Pacific region is expected to fuel the market in that region. The emerging regions such as China, India, and Japans increasing demand for the energy and the rising GDP growth rate propels the overall growth rate of the global market. The developing regions such as Japan, China, and India’s contribution in the satellite launches, space exploration, and space research are expected to drive the global hermetic packaging market growth. The growing military and defense industries in the regions such as U.S., Canada, Mexico, China, and India also boost the global market growth.

Global Hermetic Packaging Market: Competitive Players

The key players in the global hermetic packaging market include AMETEK Inc., SCHOTT AG, Texas Instruments Incorporated, Teledyne Microelectronics, Amkor Technology, and Micross Components Inc. The other players dominating the global market include Materion Corporation, Legacy Technologies Inc., Willow Technologies, and KYOCERA Corporation.

Global Hermetic Packaging Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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