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.
Full Research Report on Global Hermetic Packaging Market:
http://www.grandviewresearch.com/industry-analysis/hermetic-packaging-market
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.
View more reports of
this category by Grand View Research at: 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
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- Japan
- Central
& South America
- 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
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