The global hermeticpackaging market size was USD 3.95 billion in 2023. The market is set torise from USD 4.21 billion in 2024 to USD 7.31 billion by 2032 at a CAGR of
7.14% during 2024-2032.
Hermetic packaging is highly preferred in severalmedical and electronic devices for safe and reliable packaging. There is rising
adoption of electronic devices due to a rise in government support for boosting
digitalization and growing internet usage among customers. Rapid innovations in
sealing technology are expected to fuel market expansion in the coming years.
The COVID-19 pandemic had an adverse effect on themarket owing to disruptions in transport services.
Fortune Business Insights™ shares this informationin its report titled “Hermetic Packaging Market, 2024-2032”.
Source: https://www.fortunebusinessinsights.com/hermetic-packaging-market-109188
Segments
Increased Need for Complex Electronic Circuits Fuels CeramicMetal Sealing Segment Growth
On the basis of type, the market is segregatedinto co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass
metal sealing. The ceramic metal sealing segment leads the market. Increased
need for complex electronic circuits, including microelectromechanical systems'
multilayer ceramic metal sealing, is fostering segment expansion.
Rising Adoption of Suitable Packaging Strategiesfor Sensor Technologies Fuels Segment Expansion
In terms of application, the market is categorizedinto sensors, photodiodes, MEMS, transistors, laser chips, memory, and others.
The sensors segment secures the largest hermetic packaging market share owing
to the rising adoption of suitable packaging strategies for sensor technologies.
Rise in Government and Private Investments inSpace Exploration Fosters Aerospace & Defense Segment Expansion
By end-use industry, the market is classified intoaerospace & defense, healthcare, automotive, electrical & electronics,
telecom, and others. The aerospace & defense segment commands the global
market with the rise in government and private investments in space exploration.
From the regional ground, the market is classifiedinto Europe, Latin America, North America, Asia Pacific, and the Middle East
& Africa.
Report Coverage
The report has studied the market in depth andunderlined several crucial aspects and leading market participants. It provides
important insights into the recent market trends and key industry developments.
In addition to the factors mentioned above, the report covers many other
factors that have helped the market grow.
