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U.S. hermetic packaging market revenue, by product, 2014 - 2025 (USD Million)
The capability of the product to protect electronic components from temperature, pressure, and liquids is expected to drive the market over the forecast period. The telecom industry utilizes fragile & complex materials in various applications such as trunk lines and metros which require efficient packaging, thereby augmenting the demand.
Central & South America
accounted for a share of over 5.0% in 2016 Growing population and rising
consumer willingness to spend is expected to increase the demand for electronic
devices, thereby having a positive impact on the hermetic packaging industry.
In addition, high military expenditure of USD 24.6 billion by Brazil in 2015 is
likely to drive the market growth further.
Full Research Report On hermetic packaging market Analysis:
Further key findings from the report suggest:
·
Reed glass segment accounted
for a market share of over 7.0% in 2016 due to increasing utilization in reed
switches in automobile and aeronautics & space
·
Aeronautics & space
application is expected to witness significant growth due to increasing
investment in space research across various regions
·
Healthcare application
accounted for a share of over 10.0% in 2016 as a result of increasing usage of
hermetically packed medical implants such as pacemakers and monitoring devices
·
Middle East & Africa is
anticipated to grow at a CAGR of over 5.0% from 2017 to 2025 on account of
increasing global tension, which is fueling the defense expenditure,
particularly in Saudi Arabia and UAE
·
Hermetic packaging market is
characterized by presence of large number of players and extensive R&D in
order to develop efficient products. Material technology is also expected to
play a major role in development of the market over the forecast period.
·
In February 2017, Amkor
acquired Nanium S.A, a semiconductor packaging, assembly, and testing company.
The acquisition supported Amkor to strengthen its business position in wafer
level packaging of electronics. In May 2017, Kyocera launched ceramic based
RFID package with an embedded antenna which strengthened the company’s business
position in the hermetic packaging sector.
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Grand View Research has segmented the
global hermetic packaging market on the basis of product, application, and
region:
Hermetic Packaging Product Outlook
(USD Million, 2014 - 2025)
·
Ceramic to Metal Sealing
·
Glass to Metal Sealing
·
Transponder Glass
·
Reed Glass
·
Passivation Glass
Hermetic Packaging Application Outlook
(USD Million, 2014 - 2025)
·
Aeronautics & Space
·
Military & Defense
·
Automotive
·
Healthcare
·
Telecom
·
Others
Hermetic Packaging Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
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