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Hermetic Packaging Market by Configuration, Type, Application, Industry And Geography - Global Forecast to 2023

Hermetic Packaging Market: Global Forecast until 2023

  • February 2018
  • 158 pages
  • ID: 4442997
In this report:
The market in Germany is expected to be worth USD ##.## million by 2023, at the highest CAGR of ##.##% during the forecast period owing to the expected growth in domestic production as automotive manufacturers in Germany continuously refine the technology used in their vehicles.
The market in Canada is expected to be worth USD ##.## million by 2023, at the highest CAGR of ##.##% during the forecast period owing to the growth in the adoption of hermetically packaged electronic components for applications such as satellite communications.

Summary

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Hermetic packaging market forecasted to grow at a significant rate

The hermetic packaging market is forecasted to grow from ~$3.3B in 2018 to 4.52 billion by 2023, at a compound annual growth rate (CAGR) of ~6.8 percent between 2018 and 2023. The need of a packaging method that can protect highly sensitive electronic components for various years and the increasing demand for hermetically packaged components from sectors, like automotive, electronics, and aeronautics and space, are some of the main drivers for the hermetic packaging market. On the other hand, stringent military standards for hermetic packaging is a main aspect restraining the increase of this market.

Military & defense market anticipated to capture the largest portion of market share

The military & defense sector is anticipated to capture the largest part of market share in 2018. High defense budget allocation by the North American countries-the US, Canada (CA), and Mexico (MX); and growing adoption of hermetically packaged components for border security needs by developing countries, like China and India (IN), across Asia-Pacific are anticipated to contribute to the rise of the hermetic packaging market for the military & defense market

Market for MEMS switches forecasted to grow at the maximal level rate between 2016 and 2022

Market for MEMS switches is anticipated to grow at the highest level rate during the estimate period among all other applications.

The growth in demand for complete automatization of automobiles in the automotive market is anticipated to propel the increase of the MEMS switches market during the outlook period. Nevertheless, the transistors are anticipated to capture the biggest market share during the estimate period. Hermetically sealed transistors are widely used for designing telecommunication circuits and home appliances. This is the driving factor for the increase ot the transistors market.

Asia-Pac is the main area for the hermetic packaging marke

The sector in Asia-Pacific is forecasted to hold the biggest share by 2023, and is expected to grow at the maximal rate. With the growing population, energy needs of the countries in Asia-Pac are also anticipated to rise.

Along with this, the developing countries, such as china (CN) and India (IN), are anticipated to sustain the high GDP increase rate. These factors are anticipated to create huge opportunities for manufacturers of hermetically packaged components in Asia-Pacific. Futhermore, developing countries including China, Japan (JP), and India (IN) are now striving to compete in the space sector with the developed countries across the globe.

For example, in August 2016, China (CN) launched the first-ever quantum satellite in an effort to expand an un-hackable communications system. Such efforts by the countries in APAC help sustain a competitive position in the space market and is also anticipated to add to the increase of hermetic packaging market in Asia-Pac during the outlook period.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with top industry experts. The breakup of the profile of primary members taking part has been provided below:

• By Company category: Tier 1 = 55.0 percent, Tier 2 = 20.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 23.0 percent, D-level Executives = 59.0 percent, and Others = 18.0 percent

• By Area: North America continent = 30.0 percent, EU = 40.0 percent, Asia-Pacific = 20.0 percent, and RoW = 10.0 percent

Segment Research

• The market is broken down on the basis of configuration into multilayer ceramic packages, metal can packages, and pressed ceramic packages.

• The market is split, on the basis of class, into ceramic-metal sealing, glass-metal sealing, passivation glass, transponder glass, and reed glass.

• The market is divided, on the basis of application type, into transistors, sensors, lasers, airbag ignitors, photodiodes, oscillating crystals, MEMS switches, and others.

• The market is broken down, on the basis of sector, into military & defense, aeronautics and space, automotive, energy and nuclear safety, medical, telecommunications, consumer electronics, and others.

• The geographic study is done with regard to 4 main regions-North America, Europe (EU), Asia-Pac, and RoW).

Reasons to Buy This Report:

From an insight prospect, this market research highlights on several levels of analysis - industry, market ranking study of top actors, value chain study, and company descriptions that discuss the basic overviews on the competitive landscape, emerging segments and the segments having a high increase potential in the hermetic packaging market, high-growth areas, and the market dynamics including drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on hermetic packaging provided by the top actors in the hermetic packaging market

• Product development/innovative products: Detailed insights regarding R&D activities, emerging technologies, and launches of new product in the hermetic packaging market

• Market development: Highlighted information about profitable emerging sectors together with the study of the hermetic packaging market across main regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global hermetic packaging market

• opposing assessment: In-depth assessment of the market ranking review, strategies, products, and manufacturing competences of the key players in the hermetic packaging market

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