Hermetic Packaging Market Size To Reach $5.90 Billion By 2030

Hermetic Packaging Market Growth & Trends

The global hermetic packaging market size is expected to reach USD 5.90 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.6% from 2024 to 2030. Increasing demand from the aeronautics & space application coupled with growing consumer electronics industry is expected to drive demand for the hermetic packages. Increasing global defense investment is further anticipated to provide a positive scope for the market growth

Increasing medical implants due to advancements in technology have bolstered demand for the electronic devices, which is anticipated to drive the market growth. The hermetic packages utilized in medical implants need to be biocompatible, which restrains the manufacturers from using various metals as raw material.

Utilization of ceramic, glass, and metal in various sectors are expected to elevate the price of the raw materials. Increased price of the raw materials is anticipated to show significant impact on pricing of the hermetic packages, thereby restraining the market development.

Flexible glass with very less thickness has been launched by Corning Inc., which will be beneficial to the market. There is a continuously growing demand for water, dust & temperature resistant products from the smart electronic devices industry. Increasing focus of the manufacturers on the development of efficient glass for packaging is anticipated to positively affect the demand during the coming years. However, affordability of the novel materials is expected to restrain the utilization of glass.

Low fuel cost & comparatively cheap airfares have been attracting new fliers and leading to increased flying frequency, which, in turn, is driving the aviation industry. The aviation industry relies on new aircraft to meet the increasing consumer demand. This is likely to propel the use of hermetically packaged components within the industry, thereby driving market development.

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Hermetic Packaging Market Report Highlights

• Ceramic to metal sealing was the largest product segment in the market for hermetic packaging and accounted for a revenue share of over 55.9% in 2023.

• The military and defense sector dominated the market with a revenue share of over 32.0% in 2023. Growing security threats, escalating defense budgets, and changing political dynamics are expected to drive investments in the defense sector, thereby driving the demand for hermetic packaging throughout the forecast period.

• Asia Pacific accounted for the largest revenue share of over 45.4% in 2023. North America was the second-largest market for hermetic packaging in 2023 with aeronautics and space being one of the major applications of hermetic packaging in the region.

Hermetic Packaging Market Segmentation

Grand View Research has segmented the global hermetic packaging market on the basis of product, application, and region:

Hermetic Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)

• Ceramic To Metal Sealing

• Glass To Metal Sealing

• Transponder Glass

• Reed Glass

• Passivation Glass

Hermetic Packaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Aeronautics & Space

• Military & Defense

• Automotive

• Healthcare

• Telecom

• Others

Hermetic Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players of Hermetic Packaging Market

• NGK Spark Plug Co., Ltd.

• Schott AG

• AMETEK, Inc.

• Amkor Technology

• Texas Instruments Incorporated

• Teledyne Microelectronic Technology

• Kyocera Corporation

• Materion Corporation

• Egide S.A.

• Micross Components, Inc.