The global hermetic packaging market is
expected to reach USD 5.03 billion by 2025, according to a new report by Grand
View Research, Inc. Utilization of hermetic packages is expected to grow
significantly as a result of increasing application scope from healthcare and
aeronautics & space application.
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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/hermetic-packaging-market
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.
Browse more reports of this category by Grand View Research:
http://www.grandviewresearch.com/industry/semiconductors
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
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-hermetic-packaging-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com