Industry Outlook On Global Hermetic Packaging Market by Knowledge Sourcing Intelligence



Hermetic Packaging Market - A Growing Market Having Safe and Environment-Friendly Packaging 

Hermetic products protect against various environmental conditions such as atmospheric pressure, moisture, soil or other natural hazards that would otherwise disrupt the electrical connections or damage delicate electronics within a hermetic product. The hermetic packaging market is expected to have a significant market growth due to the adoption of hermetic packaging to protect highly sensitive electronic components. Increasing demand from the electronics, automobile, aerospace and defense sector is expected to drive the market growth. Moreover, various expansion and mergers & acquisitions will also lead to boosting the demand for the product. Some of the recent developments include Micross Components Ltd. announcing the opening of its newly relocated and expanded processing facility in Orion Park, Crewe in March 2019 and SCHOTT AG, a leading international technology group in the areas of specialty glass and glass-ceramics, entering into a purchase agreement to acquire the Australian microfluidic company MINIFAB Pty Ltd in June 2019. 
hermetic packaging market

However, stringent standards and rules with regard to hermetic packaging can be a restraint for the market growth to continue. The key players in the industry research conducted by Knowledge Sourcing Intelligence include SCHOTT AG, AMETEK, Amkor Technology, Texas Instruments, Teledyne Microelectronics, Kyocera Corporation, Materion Corporation, and Micross Components among others.

Market Segmentation
The hermetic packaging market is segmented based on type, configuration, application, end-user, and geography. By type, the market is classified as Ceramic metal sealing, Glass metal sealing, Passivation glass, Transponder glass, and Reed glass. By type, the ceramic metal sealing segment is expected to have a considerable hermetic packaging market share due to the growing demand for thermal shock resistant and low porosity type of hermetic packaging material.
By configuration, the market is classified as Multilayer ceramic packages, Metal can packages, and Pressed ceramic packages. By configuration, the multilayer ceramic packages segment is expected to have a significant growth rate as it offers greater hermeticity than other configuration for high-frequency applications.
hermetic packaging market
Sample view of global hermetic packaging market share

By application, the market is classified as Transistors, Lasers, Photo diodes, Airbag ignitors, and Others. By application, the transistors segment is expected to have a significant market share as hermetically sealed transistors are used for designing telecommunication circuits and home appliances.
By end-user, the market is classified as Military and defense, Aeronautics and space, Automotive, Energy and nuclear safety, and Others. The hermetic packaging market analysis shows that the energy and nuclear safety segment holds a significant share of the market due to the increasing energy demand.
By geography, the market is classified as North America, South America, Middle East and Africa, Europe, and The Asia Pacific. The North America region holds a significant share of the market owing to the increased spending by the government on military and defense, higher demand for consumer electronics products, and the increased spending in health care as these sectors use hermetic packaging. The Asia Pacific region is also growing while contributing to the hermetic packaging market size due to the high energy needs backed by the high growth rate in GDP. Also, countries such as India and China are continuously expanding their reach and presence in the space, which will also augment the growth to continue in the region.

Key questions answered in the report:

·         What has been the performance of Hermetic Packaging Market and how it will perform in the future?
·         What are the key players in the target market study?
·         What are the various segments on which the market research is conducted?
·         What are the driving factors that are leading to the growth of the market?
·         What are the recent developments happening in the industry?
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