Theglobal 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.
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.
On the other hand, the hermetic packaging market growth is impeded by theemergence of not quite or almost hermetic packaging.
