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 anadverse effect on the market owing to disruptions in transport services.
Fortune BusinessInsights™ shares this information in its reporttitled “Hermetic Packaging Market, 2024-2032”.
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Segments
Increased Needfor Complex Electronic Circuits Fuels Ceramic Metal Sealing Segment Growth
On the basisof type, the market is segregated into 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 Adoptionof Suitable Packaging Strategies for Sensor Technologies Fuels Segment
Expansion
In terms of application,the market is categorized into sensors, photodiodes, MEMS, transistors, laser
chips, memory, and others. The sensors segment secures the largest hermeticpackaging market shareowing to the rising adoption of suitable packaging strategies for sensor
technologies.
Rise in Government and Private Investments in SpaceExploration Fosters Aerospace & Defense Segment Expansion
By end-useindustry, the market is classified into aerospace & 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 isclassified into Europe, Latin America, North America, Asia Pacific, and the Middle East& Africa.
Report Coverage
The reporthas studied the market in depth and underlined 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.
Drivers andRestraints
Increased Demand for Consumer Electronics to BolsterMarket Expansion
Increasedusage of consumer electronics is boosting the demand for hermetic packaging
solutions. Growing purchasing power and rapid economic growth are fueling the
sales of smartphones, which will eventually accelerate the demand for hermetic
packaging. Rapid innovations in wireless mobile telecommunication technology,
such as 4G, IoT, and 5G, are expected to fuel the adoption of other smart
devices. The emergence of advanced household products and the growing usage of
appliances equipped with voice assistance and Wi-Fi connectivity are the major
factors contributing to market growth.
On the other hand, the hermetic packaging market growth is impeded by theemergence of not quite or almost hermetic packaging.
RegionalInsights
Rise in Government Budget for theAerospace & Defense Sector in China and Japan Augmented Market Growth in Asia
Pacific
Asia Pacific dominatesthe global market. A rise in government budgets for the aerospace & defense
sector, specifically in China and Japan, is driving market growth in the
region.
Europe is predictedto register significant growth due to the presence of the world’s top
automotive manufacturers. The increasing R&D activities within the space
and automotive sectors are also boosting market growth in the region.
