The global hermetic packaging market accounted to US$ 3.51 Bn in 2018 and is expected to grow at a CAGR of 6.6% during the forecast period 2019 – 2027, to account to US$ 6.19 Bn by 2027.
Hermetic packaging market is led by the Asia Pacific region in 2018. Asia Pacific led the global hermetic packaging market with more than 35% share, followed by North America and Europe. APAC is also expected to be the fastest-growing region in the global hermetic packaging market during the forecast period. The fast growth of hermetic packaging market in APAC is attributed to the large presence of electronics manufactures in China, Japan and South Korea. The presence of fast growing countries such as China and India as well as developed countries such as Japan and South Korea, makes Asia pacific one of the most promising market for the growth of hermetic packaging. The economic growth in developing countries of APAC is quite impressive and these countries are expected to offer ample growth opportunities for the hermetic packaging market players during 2019–2027.
Lucrative Regional Hermetic Packaging Markets
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Market Insights
Aerospace and Defense industry is driving the demand for hermetic packaging worldwide
The global aerospace and defense industry is experiencing a strong growth owing to factors such as growing passenger travel demand and increasing military expenditure in countries such as China and the US. With rising geopolitical tensions in various regions, the aerospace and defense industry is expected to continue its growth trajectory during the forecast period of 2019 to 2027. With the growing demand for application-specific customized solutions and high safety and reliability requirements, aerospace and defense industry provides a positive demand outlook for hermetically packaged electronic components. Various companies such as SCHOTT AG and AMETEK, Inc. offers hermetic packages for safeguarding sensitive electronic components used in the aerospace and defense industry. Hence, factors such as increasing commercial and military aircraft production and rising spending on defense/military equipment are anticipated to drive the demand of hermetically protected electronic components in the global aerospace and defense industry.
Rising trend of component miniaturization to fuel the demand for innovative packaging solutions
The trend of increasing miniaturization of electronic components has become a major concern for packaging solution providers worldwide. The constant technology advancements in various industries are pushing manufacturers to implement miniaturization in order to cope up with rising demands of industries such as aerospace, electronics, automotive, and healthcare. Hence, it has become a necessity for hermetic packaging providers to bring solutions which can support such miniaturized electronic components. Thus, this factor is expected to trigger the growth of the hermetic packaging market in the coming years.
Product Insights
The hermetic packaging market on the basis of product is segmented into passivation glass, transponder glass, reed glass, glass-to-metal sealing (GTMS), and ceramic-to-metal sealing (CerTMS). The glass-to-metal sealing product is the leading segments with the highest market share. Further, ceramic-to-metal sealing is anticipated to witness immense growth in the hermetic packaging market during the forecast period.
Industry Vertical Insights
The hermetic packaging market on the basis of industry vertical is segmented into aerospace, medical, telecommunications, consumer electronics, military & defense, automotive, and others. The aerospace industry vertical is the major adopter of hermetic packaging solutions owing to the increasing demand for critical applications in aircraft and space applications including spacecraft guidance system, and satellites. Further, military & defense is also witnessing immense growth in the demand for hermetic packaging solutions.
Application Insights
The application segment of hermetic packaging market is bifurcated into lasers, photo diodes, airbag ignitors, MEMS, transistors, sensors, and others. The hermetic packaging market by application was led by transistors segment which held maximum market share and is anticipated to dominate the market in the forecast period. The hermetic packaging of transistors helps in increasing the longevity and reliability of these transistors by making them resistant to harsh external environment conditions. The demand of hermetically packaged transistors is driven by applications in extreme environment industries such as military and defense, where these transistors are used in switching power supplies, inverters, and motor controls among many others.
Rest of APAC Hermetic Packaging Market by Application
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Hermetic Packaging Market: Strategic Insights
Market Size Value in US$ 3.51 Billion in 2018 Market Size Value by US$ 6.19 Billion by 2027 Growth rate CAGR of 6.6% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Hermetic Packaging Market: Strategic Insights
| Market Size Value in | US$ 3.51 Billion in 2018 |
| Market Size Value by | US$ 6.19 Billion by 2027 |
| Growth rate | CAGR of 6.6% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Initiatives was observed as the most adopted strategy in global hermetic packaging market. Few of the recent market initiatives are listed below:
2019:Micross Components added Strategic Sales Inc. (SSI) as a manufacturer rep organization to serve the Philadelphia market. SSI offers technical sales and management for key electronic component and systems companies in the Mid-Atlantic region. Thus, Micross looks forward to expand its market footprint by working closely with the SSI Team to further develop its business in this region.
2018:Schott AG entered an agreement to acquire Primoceler Oy in order to expand its hermetic packaging portfolio with pioneering glass micro bonding technology. Upon finalization of the acquisition, the company is expected to conduct its business activities under the new name SCHOTT Primoceler Oy. Through this acquisition, SCHOTT will utilize Primoceler’s pioneering micro bonding method that utilizes laser technology for manufacturing vacuum-tight, ultra-miniature electronic and optical devices without any heat or added materials.
2017:AMETEK, Inc. has combined its industry-leading electronic components, interconnect and wire, packaging businesses into an expanded division, Electronic Components & Packaging (ECP), that brings together its market-leading Glasseal, Aegis, Hermetic Seal, Coining, SCP and Sealtron brands into a single global business platform. This new division enables the company to provide its expanding customer base with a increasing range of innovative component and hermetic solutions.
GLOBAL HERMETIC PACKAGING MARKET SEGMENTATION
Global Hermetic packaging Market - By Product
- Passivation glass
- Transponder glass
- Reed glass
- Glass-to-Metal Sealing (GTMS)
- Ceramic-to-Metal Sealing (CerTMS)
Global Hermetic packaging Market - By Application
- Lasers
- Photo Diodes
- Airbag Ignitors
- MEMS
- Transistors
- Sensors
- Others
Global Hermetic packaging Market - By Industry Vertical
Global Hermetic packaging Market - By Industry Vertical
- Aerospace
- Medical
- Telecommunications
- Consumer Electronics
- Military and Defense
- Automotive
- Others
Global Hermetic packaging Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Global Hermetic packaging Market - Company Profiles
- Ametek, Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
- Renesas Electronics Corporation
- Schott AG
- Teledyne Technologies Incorporated
- Texas Instruments Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application ; Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Ametek, Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
- Renesas Electronics Corporation
- Schott AG
- Teledyne Technologies Incorporated
- Texas Instruments Inc.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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