DUBLIN--(BUSINESS WIRE)--The "Hermetic Packaging Market to 2027 - Global Analysis and Forecasts by Product; Application; Industry Vertical" report has been added to ResearchAndMarkets.com's offering.
The global hermetic packaging market accounted for US$ 3.51 Bn in 2018 and is expected to grow at a CAGR of 6.6% over the forecast period 2019-2027, to account for US$ 6.19 Bn in 2027.
The robust demand for hermetically packaged electronic components from the automotive, medical and telecommunications industries is anticipated to fuel the future growth of hermetic packaging market worldwide. In addition, aerospace and defense industry is expected to drive the demand for hermetic packaging worldwide.
However, alternative and low-cost non-hermetic packaging methods could hinder the hermetic packaging market growth. Despite these limitations, the increasing demand for consumer electronic devices worldwide is projected to offer ample growth opportunities for the players operating in the hermetic packaging market during the forecast period.
Some of the leading players in hermetic packaging market are highly focusing on strategic market initiatives to enrich their product capabilities as well as to expand their geographical presence across the globe. This, in turn, is contributing to the growth of the hermetic packaging market.
The global hermetic packaging market is segmented on the basis of product, application, industry vertical, and geography. The product segment is bifurcated into passivation glass, transponder glass, reed glass, glass-to-metal sealing (GTMS), and ceramic-to-metal sealing (CerTMS). The application areas of hermetic packaging are lasers, photo diodes, airbag Ignitors, MEMS, transistors, sensors, and others. The industry vertical segment consists of aerospace, medical, telecommunications, consumer electronics, military and defense, automotive, and others. Geographically, the hermetic packaging market is categorized as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific held the major share of the hermetic packaging market in 2018, and it is expected to continue its dominance during the forecast period of 2019-2027. Asia Pacific has contributed approximately 40% to the overall revenue of hermetic packaging market in the year 2018. North America and Europe held the second and third position in the global hermetic packaging market in 2018 with market shares of >30% and >20%, respectively. The market in APAC is anticipated to grow at the highest CAGR from 2019 to 2027. Other developing regions such as the Middle East and Africa, and South America are also anticipated to offer ample growth opportunities to the hermetic packaging market players during 2019-2027.
Some of the players present in hermetic packaging market are Ametek, Egide, Kyocera Corporation, Legacy Technologies, Materion Corporation, Micross Components, Renesas Electronics Corporation, Schott, Teledyne Technologies Incorporated, and Texas Instruments among others.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global hermetic packaging market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global hermetic packaging market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Key Topics Covered
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Hermetic Packaging Market, By Product
1.3.2 Global Hermetic Packaging Market, By Application
1.3.3 Global Hermetic Packaging Market, By Industry Vertical
1.3.4 Global Hermetic Packaging Market, By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Hermetic Packaging- Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Hermetic Packaging Market - Key Industry Dynamics
5.1.1 Aerospace and Defense Industry is Driving the Demand for Hermetic Packaging Worldwide
5.1.2 Robust Demand for Hermetically Packaged Electronic Components From Automotive, Medical and Telecommunications Industry
5.2.1 Alternative and Low-Cost Packaging Methods Could Restrict the Market Growth
5.3.1 Increasing Demand for Consumer Electronic Devices Worldwide
5.4 Future Trends
5.4.1 Rising Trend of Component Miniaturization to Fuel the Demand for Innovative Packaging Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Hermetic Packaging Market- Global Analysis
6.1 Global Hermetic Packaging Market Overview
6.2 Global Hermetic Packaging Market Forecast and Analysis
6.3 Market Positioning - Key Players
7. Hermetic Packaging Market Analysis - By Product
7.2 Global Hermetic Packaging Market Breakdown, By Product, 2018 & 2027
7.3 Passivation Glass
7.4 Transponder Glass
7.5 Reed Glass
7.6 Glass-to-Metal Sealing
7.7 Ceramic-to-Metal Sealing
8. Hermetic Packaging Market Analysis - By Application
8.2 Global Hermetic Packaging Market Breakdown, By Application, 2018 & 2027
8.7 Photo Diodes
8.8 Airbag Igniters
9. Hermetic Packaging Market Analysis - By Industry Vertical
9.2 Global Hermetic Packaging Market Breakdown, By Industry Vertical, 2018 & 2027
9.6 Consumer Electronics
9.7 Military & Defense
10. Global Hermetic Packaging Market - Geographic Analysis
10.2 North America Hermetic Packaging Market Revenue and Forecasts to 2027
10.3 Europe Hermetic Packaging Market Revenue and Forecasts to 2027
10.4 APAC Hermetic Packaging Market Revenue and Forecasts to 2027
10.5 Middle East & Africa Hermetic Packaging Market Revenue and Forecasts to 2027
10.6 South America Hermetic Packaging Market Revenue and Forecasts to 2027
11. Industry Landscape
11.2 Market Initiatives
11.3 Mergers & Acquisitions
11.4 New Developments
12. Key Company Profiles
12.1 AMETEK Inc.
12.2 Egide S.A.
12.3 Kyocera Corporation
12.4 Legacy Technologies Inc.
12.5 Materion Corporation
12.6 Micross Components
12.7 Renesas Electronics Corporation
12.8 Schott AG
12.9 Teledyne Technologies Incorporated
12.10 Texas Instruments Incorporated
For more information about this report visit https://www.researchandmarkets.com/r/yzbn78