Hermetic Packaging Market to 2027 by Product, Application and Industry Vertical

1. Hermetic Packaging Market Hermetic Packaging Market to 2027 - Global Analysis and Forecasts by Product (Passivation Glass, Transponder Glass, Reed Glass, Glass-to-Metal Sealing, Ceramic-to- Metal Sealing); Application (Transistors, MEMS, Sensors, Lasers, Photo Diodes, Airbag Ignitors, Others); Industry Vertical (Aerospace, Medical, Telecommunications, Consumer Electronics, Military and Defense, Automotive, Others)

2. Hermetic Packaging Market 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. 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.

3. Hermetic Packaging Market Market 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. 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.

4. Hermetic Packaging Market Leading Players • The leading players in Hermetic Packaging Market are: Ametek, Inc. Egide SA Kyocera Corporation Legacy Technologies Inc. Materion Corporation Micross Components Renesas Electronics Corporation Schott AG Teledyne Technologies Incorporated Texas Instruments Inc. Get sample PDF copy @: https://www.theinsightpartners.com/sample/TIPRE00005583/

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