The hermetic packaging industry is on an upward trajectory, projecting a robust 4.2% CAGR between 2023 and 2033. This growth is expected to propel the market value to an impressive US$ 5.2 billion by the conclusion of 2033, significantly surpassing the 2023 valuation of US$ 3.4 billion.
Beyond its applications in the electronics and semiconductor sectors, hermetic packaging has found a crucial role in preserving the integrity of sensitive electronic devices, shielding components like laser diodes, sensors, and optoelectronic elements from the damaging effects of moisture and rust.
The rapid expansion of the hermetic packaging market in the Asia Pacific region can be attributed to factors such as heightened defense expenditure, growing economies, and an increased demand for energy. By 2023, East Asia, South Asia, and Oceania are collectively projected to contribute 38% to the global market share.
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North America has the Industry’s Maximum Revenue Share
In 2023, North America emerged as the dominant regional market, boasting a substantial share of the revenue. This is primarily attributed to the region’s augmented defense expenditures, the presence of leading aircraft manufacturers, and the robust development of the medical sector, all of which contribute to the growth of the hermetic electronic packaging market in North America.
Key Takeaways
- Together, East Asia, South Asia, and Oceania are to account for 38% of the global hermetic electronic packaging market in 2023.
- Due to significant regional end-use sectors’ high hermetic packaging sales, North America is to account for 24.7% of the global market.
- In 2023, Europe is projected to hold a 29.6% share of the global hermetic food packaging market.
- Latin America and the Middle East and Africa are to hold 4.7% and 3.1% of the hermetic food packaging market share, respectively, in 2023.
Industry Competition Analysis for Hermetic Packaging
The intense rivalry in the hermetic packaging market is fairly strong owing to the existence of some prominent hermetic packaging manufacturers such as
- AMETEK Inc.
- Amkor Technology Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
These manufacturers have a competitive lead over their competitors thanks to their ability to continuously improve their products and services. The hermetic packaging manufacturers can gain a solid presence in the hermetic seal market through strategic alliances, mergers and acquisitions, and research and development initiatives.
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Strategy and Objectives of Leading Companies
- Launch
In April 2020, NanoRetina revealed successful preliminary results for its NR600 Artificial Retina Device, which used glass laser bonding technology from SCHOTT Primoceler. NanoRetina has made a significant step forward in developing a retinal implant that could provide a solution to degenerative vision loss. For the ultra-miniature, all-glass encapsulation of the device, SCHOTT Primoceler’s hermetic glass wafer micro bonding was utilized.
- Expansion
Schott AG expanded its product offering in 2020 by launching a range of hermetic goods and introducing its breakthrough HEATAN technology.
Challenges Curtailing the Evolution of the Global Hermetic Packaging Industry
The global hermetic packaging industry expansion is being hindered by several adverse factors, with one of the key contributors to potentially impede revenue growth over the forecast period being the presence of alternative packaging options. Although there have been improvements in this packaging solution, it faces competition from various substitutes that are considered protective and reliable. For instance, plastic packaging is among these alternatives utilized in military and defense applications as a sealing technique to safeguard components exposed to extreme temperatures.
Opportunities for Industry
In various aircraft systems within the aerospace industry, hermetically sealed terminals, headers, and connectors play a vital role. For instance, hermetic connectors are essential for preserving the integrity of delicate electronics within flight data recorders or black boxes and are also employed to detect and prevent fuel leakage in fuel systems and gasoline tanks. The anticipated growth in global demand for hermetic food packaging in commercial aircraft, coupled with technological advancements and increasing industrialization, presents significant opportunities for both well-established companies and newcomers in the industry, promising a profitable business landscape.
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Key Segmentations
By Hermetic Seal:
- Epoxy Hermetic Seals
- Glass-to-Metal (GTM) Hermetic Seals
- Ceramic-to-Metal (CTM) Hermetic Seals
- Glassware Sealings
- PTFE Sealing Rings
- O-Rings
- PTFE Sleeves
By Configuration:
- Multilayer Ceramic Packages
- Metal Can Packages
- Pressed Ceramic Packages
By Application:
- Semiconductor Electronics
- Thermostats
- Optical devices
- Switches
- Microelectromechanical Systems (MEMS)
- Electrical or Electronic Parts
- Batteries
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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