Apr 9, 2021   SOURCE: BusinessWire

Global Hermetic Packaging Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Hermetic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The hermetic packaging market was valued at USD 3,415.6 million in 2020 and is expected to reach USD 5,319.9 million by 2026, at a CAGR of 8% over the forecast period 2021 - 2026. In order to make the package impervious to entry from external environmental conditions hermetic packaging creates a tight seal.

Companies Mentioned

  • Schott AG
  • Ametek Inc.
  • Kyocera Corporation
  • Micross Components Inc.
  • Willow Technologies Ltd.
  • SGA Technologies limited
  • CompleteHermetics
  • Special Hermetics products Inc.
  • Materion Corporation
  • Teledyne Technologies Incorporated
  • Egide SA

Key Market Trends

Reed Glass is Expected to Hold Significant Share

  • Reed Glasses provide Highly reliable encapsulation of reed switches over millions of switching cycles.
  • The numerous electronic applications involve the usage of the Glass tubes where some discrete electronic components demand protection, isolation or being sealed. However the function of this glass many a time is to electrically insulate passive components or it functions as a hermetic seal.
  • Reed glass has found its applications in the centralized locking systems of automobiles, as switches in hot water boilers or as belt sensors. the reed switches without any mechanical influence from the outside open and closes the electrical circuits.
  • Contact is established when a weak magnetic field presses two metal contact blades together inside a thin glass tube. A reed switch when in resting state does not require power which makes this important for the devices consuming very less power.
  • As they possess no mechanical control, without any wear reed switches can handle millions of make-and-break cycles.
  • The metal blades should be free of dust and hermetically sealed inside the glass tubes with inert gas with high tolerances to ensure the functionality.

North America is Expected to Hold the Largest Share

  • The increased government spending on the aerospace and defense sector by the government in the region is expected to boost the hermetic packaging market over the forecast period.
  • For instance, in 2017, the United States military expenditure amounted to 3.15% of the total gross domestic product.
  • The increased consumer spending in the fields of consumer electronics coupled with increased penetration of smart communication devices like smartphones is expected to fuel the demand for the hermetic packaging over the forecast period.
  • For instance, according to the Consumer Technology Association, the consumer electronics industry is expected to grow by 3.9% in size from 2018 to 2019 thereby reaching a total retail revenue value of USD 398 billion.
  • Hermetic packaging has widespread applications in the healthcare sector as well and with the increased spending on health care in the region, the hermetic packaging market is expected to witness growth over the forecast period.
  • For instance, according to the Centers for Medicare and Medicaid Services, the healthcare spending in the region grew by 3.9% in 2017 reaching 3.5 trillion or USD 10,739 per person. Health spending accounted for 17.9% as a share of nation's Gross Domestic Product.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Need to Protect Highly Sensitive Electronic Components

4.4 Market Restraints

4.4.1 Strict Rules and Regulations Regarding Packaging Materials

4.5 Industry Attractiveness - Porter's Five Force Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

4.6 Technology Snapshot

4.6.1 Glass to Metal Sealing (GTMS)

4.6.2 Ceramics to Metal Sealing (CERTMS)

4.6.3 Glass Micro Bonding

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Passivation Glass

5.1.2 Reed Glass

5.1.3 Transponder Glass

5.2 By End-user Industry

5.2.1 Petrochemical

5.2.2 Aerospace and Defense

5.2.3 Automotive Industry

5.2.4 Healthcare

5.2.5 Consumer Electronics

5.2.6 Other End-user Industry

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 United Kingdom

5.3.2.2 Germany

5.3.2.3 France

5.3.2.4 Spain

5.3.2.5 Italy

5.3.2.6 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 South Korea

5.3.3.4 India

5.3.3.5 Rest of Asia-Pacific

5.3.4 Latin America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Schott AG

6.1.2 Ametek Inc.

6.1.3 Kyocera Corporation

6.1.4 Micross Components Inc.

6.1.5 Willow Technologies Ltd.

6.1.6 SGA Technologies limited

6.1.7 CompleteHermetics

6.1.8 Special Hermetics products Inc.

6.1.9 Materion Corporation

6.1.10 Teledyne Technologies Incorporated

6.1.11 Egide SA

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/l7n1r8