Hermetic Packaging Market Projected to Reach USD 4.99 Billion by 2025
Boonton, NJ -- (SBWIRE) -- 10/11/2018 -- Global Hermetic Packaging Market Analysis
According to Verified Market Intelligence, The Global Hermetic Packaging Market was valued at USD 2.98 billion in 2017 and is projected to reach USD 4.99 billion by 2025, growing at a CAGR of 6.7% from 2018 to 2025.
What is Hermetic Packaging?
With rapid advancement in microelectronics, the need for air-tight packaging is booming in the semiconductor industry. Hermetic packaging is one such air tight seal which is made up of metals, ceramic materials and glass. Collectively it makes a hermetic packaging. It helps in preventing the moisture content get in touch with the materials. Hermetic packaging prevents the water vapor from accessing components that are present inside the package. It helps in keeping the package dry and moisture free for several years.
Global Hermetic Packaging Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
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The demands in consumer electronics market is increasing as retailers and manufacturers are more concerned about the safety of their product, hence, they are highly inclined towards hermetic packaging along with its growing popularity in various industries such as military & defense, aeronautics & space, automotive, medical, telecommunications and consumer electronics. Apart from this, other packaging methods are also available in the market which might hamper the growth of the global hermetic packaging market. Growing demand for energy and hermetically packaged products, especially the electronic components have contributed in the growth of hermetic packaging market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Hermetic Packaging Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Hermetic Packaging Market Competitive Landscape
The "Global Hermetic Packaging Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Texas Instruments, Schott AG, Ametek, Egide, Kyocera Corporation, Legacy Technologies and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Hermetic Packaging Market Segmentation, by Configuration
On the basis of configuration, Global Hermetic Packaging Market is segmented into:
- Multilayer ceramic packages
- Pressed ceramic packages
- Metal can packages
The Multilayer Ceramic Packages Segment dominated the market in 2017 and is projected to grow at the highest CAGR over the forecast period.
Global Hermetic Packaging Market Segmentation, by Type
On the basis of type, Global Hermetic Packaging Market is classified into:
- Ceramic–metal (CERTM) sealing
- Reed glass
- Transponder glass
- Glass–metal sealing (GTMS)
- Passivation glass
The Ceramic–Metal (CERTM) sealing segment dominated the market in the year 2017 and is expected to grow at a significant CAGR over the forecast period.
Global Hermetic Packaging Market Segmentation, by Application
On the basis of application, Global Hermetic Packaging Market is categorized into:
- Airbag Igniters
- Oscillating crystals
- MEMS switches
Among the above applications, Transistors accounted for largest market share of global hermetic packaging market followed by Sensors in the year 2017 and is expected to grow at a significant growth rate (CAGR) over the forecast period.
Global Hermetic Packaging Market Segmentation, by Industry
On the basis of industry, Global Hermetic Packaging Market is segmented into:
- Military & defense
- Aeronautics and space
- Consumer electronics
Military & Defense sector had the largest market share in the year 2017 and is expected to grow at the highest CAGR over the forecast period.
Global Hermetic Packaging Market Geographic Scope
- North America
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
- Latin America
- Rest of the World
Asia Pacific dominated the market in the year 2017. This region is expected to account for the largest share in the forthcoming years as it is the highest revenue contributor of the market.
Table Of Content
1 Introduction Of The Global Hermetic Packaging
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Hermetic Packaging Outlook
5 The Global Hermetic Packaging, By Systems
6 The Global Hermetic Packaging, By Service
7 The Global Hermetic Packaging, By Verticals
8 The Global Hermetic Packaging, By Applications
9 The Global Hermetic Packaging, By Geography
10 The Global Hermetic Packaging Competitive Landscape
Reason 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 Hermetic Packaging market, thereby allowing players 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 products, segmentation and industry verticals.
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