Hermetic Packaging Market Forecasts to 2028 - Global Analysis By Product (Transponder GlassPassivation Glass and Other Products), Configuration (Pressed Ceramic Packages, Multilayer Ceramic Packages and Metal Can Packages), Application (Lasers, MEMS Switch and Other Applications), End User (Energy & Nuclear Safety, Consumer Electronics and Other End Users) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.95 BN |
|
Projected Year Value (2028) |
US $5.70 BN |
|
CAGR (2022 - 2028) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Hermetic Packaging Market is accounted for $3.95 billion in 2022 and is expected to reach $5.70 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Hermetic packaging is a high-level packing technique that is primarily used in semiconductor and electronics manufacturing, as well as in active and passive electronic devices. Moreover, hermetic packaging shields the electronic systems from external factors that could harm electrical connections or delicate electronic components, such as changes in atmospheric pressure, moisture, soil, and other dangers. By increasing the service life of electrical components, it contributes significantly to the safe and reliable performance of many healthcare and technological equipment.
According to SIPRI Military spending in the United States is expected to exceed USD 778 billion in 2020, a 4.4% increase over 2019.
Market Dynamics:
Driver:
Increasing use of hermetic packaging for protecting highly sensitive electronic components
Hermetic goods offer protection from a range of environmental factors, including soil/grime, moisture/humidity, variations in atmospheric pressure, and other natural hazards that could harm delicate electronics or interfere with electrical connections. Applications for products that need to be hermetically sealed if their functionality is disrupted since doing so could have disastrous consequences. As a result, hermetic packaging is increasingly being used to protect extremely sensitive electronic components, and this trend is only projected to continue throughout the forecast period. This is one of the main variables influencing the market for hermetic packaging.
Restraint:
Stringent leak rate requirements
Due to their harsh surroundings and important uses, microelectronic components used in military, aerospace, and medical systems must adhere to the strictest criteria for hermetic packaging. The tightening of regulations forces businesses to purchase new leak test equipment since outdated equipment lacks the sensitivity needed to test in accordance with the new criteria. Providers of hermetic packaging must abide by these criteria in order to gain market share at the cost of higher costs. It is anticipated that the market growth will be constrained by these strict regulations for hermetic packaging.
Opportunity:
Increase in use of hermetic packing to safeguard implantable medical devices
Smart gadgets have significantly shrunk in size thanks to contemporary micro-technology, despite their complexity and integration growing. Microelectronics packaging needs to be dependable and small because of this. The packaging for life-critical items, such as implantable medical devices, must offer a superior hermetic environment to shield the device from contact with the body. The development of innovative packaging techniques is anticipated to be facilitated by the miniaturisation of implantable medical devices of the next generation.
Threat:
Emergence of quasi-hermetic packaging
Polymeric materials, as opposed to metals, ceramics, and glasses, are used to create the nearly hermetic packaging. They are also referred to as quasi-hermetic, not quite hermetic, or almost hermetic materials. These packaging techniques have the potential to be trustworthy alternatives to hermetic packaging if they are produced, created, and tested correctly. During the projection period, near-hermetic packaging is anticipated to be utilised instead of hermetic packaging because of its advantages, including lower cost, lighter weight, and smaller size, as well as anticipated growth in production and the development of standardisation.
Covid-19 Impact
The latest COVID-19 epidemic has impacted the resources and financial situation of hermetic packaging suppliers. A worldwide health crisis brought on by the pandemic is having a negative impact on global financial markets, national economies, and end-use businesses for hermetic packaged goods. This is anticipated to trigger an economic slump and have a detrimental impact on the demand for electrical components that are hermetically sealed. The overall long-term impact of COVID-19 on the hermetic packaging market is anticipated to rely on a number of variables, including the pandemic's global spread and length, the response of different governments around the world, and the disease's severity.
The reed glasses segment is expected to be the largest during the forecast period
The reed glasses segment is estimated to have a lucrative growth. Through millions of switching cycles, Reed Glasses offer incredibly stable encapsulation of reed switches. Where discrete electronic components need to be sealed, isolated, or protected, glass tubes are frequently employed in electronic applications. Yet, the purpose of this glass is typically to hermetically seal or electrically insulate passive components. Hot water boiler switches, belt sensors, and centralised locking systems for automobiles have all utilised reed glass.
The military & defense segment is expected to have the highest CAGR during the forecast period
The military & defense segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the demand for hermetic packaging is anticipated to increase over the course of the forecast period as a result of rising security concerns, expanding defence budgets, and shifting political dynamics. Hermetic packaging is likely to experience growth due to rising public and private expenditure in space exploration.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to factors like rising energy needs, developing economies, and rising defence spending, this market is expanding in the area. The demand for hermetic packaging for delicate electronic components is increasing as a result of the growing military prowess of emerging nations like China, India, and South Korea.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's government's increased spending on the aerospace and defence industries. Also, the aviation sector boosts demand for hermetic packaging by relying on new aircraft, which benefits the hermetic packaging sector. In the automotive industry, hermetic is utilised to guarantee sensor performance in rollover devices and airbag apparatus. As a result, the market might require hermetic packaging if airbag equipment becomes more common.
Key players in the market
Some of the key players profiled in the Hermetic Packaging Market include Legacy Technologies, Inc., NGK Spark Plug Co., Ltd., Schott AG, Ametek, Inc., Mackin Technologies, SST International, Teledyne Microelectronic Technologies, Willow Technologies, Kyocera Corporation, Sinclair Manufacturing Company, Egide S.A., Special Hermetic Products, Inc., Amkor Technology, Materion Corporation and SGA Technologies.
Key Developments:
In August 2019, KYOCERA Corporation inaugurated its new Minato Mirai Research Center in Yokohama, Kanagawa Prefecture, Japan. The center was created with the aim of promoting open innovation and the development of new business and technologies.
In June 2019, SCHOTT launched new SCHOTT HEATAN feedthroughs to expand its hermetic sensor packaging portfolio. SCHOTT HEATAN feedthroughs can perform reliably in corrosive, high-heat environments beyond 1000°C.
In February 2019, AMETEK Coining—a unit of AMETEK’s Electronic Components and Packaging division launched the Copper-Core Connect—a cost-effective, innovative alternative to thick solder preforms that are used in high-performance electronic packaging.
In July 2018, SCHOTT signed an agreement to acquire Primoceler to expand the company’s hermetic packaging portfolio with glass micro bonding technology. This bonding technology offers excellent biocompatibility with new glass types. This technology creates new possibilities for wafer level chip scale packaging (WL-CSP) in a wide range of applications such as MEMS devices, medical implants, and other reliability-critical electronic and optical devices.
Products Covered:
• Transponder Glass
• Passivation Glass
• Reed Glass
• Ceramic-Metal Sealing (CERTM)
• Glass-Metal Sealing (GTMS)
• Other Products
Configurations Covered:
• Pressed Ceramic Packages
• Multilayer Ceramic Packages
• Metal Can Packages
Applications Covered:
• Lasers
• MEMS Switch
• Transistors
• Airbag Ignitors
• Oscillating Crystals
• Photo Diodes
• Sensors
• Other Applications
End Users Covered:
• Energy & Nuclear Safety
• Consumer Electronics
• Military & Defense
• Automotive
• Aeronautics & Space
• Medical
• Telecommunication
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hermetic Packaging Market, By Product
5.1 Introduction
5.2 Transponder Glass
5.3 Passivation Glass
5.4 Reed Glass
5.5 Ceramic-Metal Sealing (CERTM)
5.6 Glass-Metal Sealing (GTMS)
5.7 Other Products
6 Global Hermetic Packaging Market, By Configuration
6.1 Introduction
6.2 Pressed Ceramic Packages
6.3 Multilayer Ceramic Packages
6.4 Metal Can Packages
7 Global Hermetic Packaging Market, By Application
7.1 Introduction
7.2 Lasers
7.3 MEMS Switch
7.4 Transistors
7.5 Airbag Ignitors
7.6 Oscillating Crystals
7.7 Photo Diodes
7.8 Sensors
7.9 Other Applications
8 Global Hermetic Packaging Market, By End User
8.1 Introduction
8.2 Energy & Nuclear Safety
8.3 Consumer Electronics
8.4 Military & Defense
8.5 Automotive
8.6 Aeronautics & Space
8.7 Medical
8.8 Telecommunication
8.9 Other End Users
9 Global Hermetic Packaging Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Legacy Technologies, Inc.
11.2 NGK Spark Plug Co., Ltd.
11.3 Schott AG
11.4 Ametek, Inc.
11.5 Mackin Technologies
11.6 SST International
11.7 Teledyne Microelectronic Technologies
11.8 Willow Technologies
11.9 Kyocera Corporation
11.10 Sinclair Manufacturing Company
11.11 Egide S.A.
11.12 Special Hermetic Products, Inc.
11.13 Amkor Technology
11.14 Materion Corporation
11.15 SGA Technologies
List of Tables
1 Global Hermetic Packaging Market Outlook, By Region (2020-2028) ($MN)
2 Global Hermetic Packaging Market Outlook, By Product (2020-2028) ($MN)
3 Global Hermetic Packaging Market Outlook, By Transponder Glass (2020-2028) ($MN)
4 Global Hermetic Packaging Market Outlook, By Passivation Glass (2020-2028) ($MN)
5 Global Hermetic Packaging Market Outlook, By Reed Glass (2020-2028) ($MN)
6 Global Hermetic Packaging Market Outlook, By Ceramic-Metal Sealing (CERTM) (2020-2028) ($MN)
7 Global Hermetic Packaging Market Outlook, By Glass-Metal Sealing (GTMS) (2020-2028) ($MN)
8 Global Hermetic Packaging Market Outlook, By Other Products (2020-2028) ($MN)
9 Global Hermetic Packaging Market Outlook, By Configuration (2020-2028) ($MN)
10 Global Hermetic Packaging Market Outlook, By Pressed Ceramic Packages (2020-2028) ($MN)
11 Global Hermetic Packaging Market Outlook, By Multilayer Ceramic Packages (2020-2028) ($MN)
12 Global Hermetic Packaging Market Outlook, By Metal Can Packages (2020-2028) ($MN)
13 Global Hermetic Packaging Market Outlook, By Application (2020-2028) ($MN)
14 Global Hermetic Packaging Market Outlook, By Lasers (2020-2028) ($MN)
15 Global Hermetic Packaging Market Outlook, By MEMS Switch (2020-2028) ($MN)
16 Global Hermetic Packaging Market Outlook, By Transistors (2020-2028) ($MN)
17 Global Hermetic Packaging Market Outlook, By Airbag Ignitors (2020-2028) ($MN)
18 Global Hermetic Packaging Market Outlook, By Oscillating Crystals (2020-2028) ($MN)
19 Global Hermetic Packaging Market Outlook, By Photo Diodes (2020-2028) ($MN)
20 Global Hermetic Packaging Market Outlook, By Sensors (2020-2028) ($MN)
21 Global Hermetic Packaging Market Outlook, By Other Applications (2020-2028) ($MN)
22 Global Hermetic Packaging Market Outlook, By End User (2020-2028) ($MN)
23 Global Hermetic Packaging Market Outlook, By Energy & Nuclear Safety (2020-2028) ($MN)
24 Global Hermetic Packaging Market Outlook, By Consumer Electronics (2020-2028) ($MN)
25 Global Hermetic Packaging Market Outlook, By Military & Defense (2020-2028) ($MN)
26 Global Hermetic Packaging Market Outlook, By Automotive (2020-2028) ($MN)
27 Global Hermetic Packaging Market Outlook, By Aeronautics & Space (2020-2028) ($MN)
28 Global Hermetic Packaging Market Outlook, By Medical (2020-2028) ($MN)
29 Global Hermetic Packaging Market Outlook, By Telecommunication (2020-2028) ($MN)
30 Global Hermetic Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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