Hermetic Packaging Market Analysis

Hermetic Packaging Market Analysis

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On the basis of configuration, the hermetic packaging market is segmented into pressed ceramic, metal can, and multi-layer ceramic. Metal can segment is anticipated to surpass USD 4 billion by 2032, driven by their cost-effectiveness and low lead-count. The segment growth can also be attributed to the higher preference for metal cans for hybrid and linear applications.
 

These packages have a metal base comprising lead through a glass seal, which can be a compression or matched seal. Post the device assembly, the metal can is welded to the metal base to constitute the hermetic seal.
 

Based on product, the hermetic packaging market is classified into glass-metal sealing, passivation glass, ceramic-metal sealing, reed glass, and transponder glass. Ceramic metal-sealing segment valuation is projected to surpass USD 2.6 billion by 2032, owing to its thermal benefits and mechanical strength of the product. Single & dual-lead ceramic-metal seals protect the heating elements from oil & grease moisture and toxic fumes, which favors their adoption.
 

Moreover, they provide an insulated vacuum-tight feed through the termination of heating elements or power cables as well. They are also witness high use for terminating power cables, industrial heaters, as well as for isolating other power sources.
 

With regards to the application spectrum, the hermetic packaging market is divided into the photodiode, laser, airbag ignitors, translator, sensor, MEMS switch, and others. Laser segment is poised to depict over 5% CAGR from 2023 to 2032. Hermetic laser packaging offers excellent heat dissipation and high optical precision, which is primarily driving segment outlook. Advancements in packaging designs as well as high-transmission glass are further projected to augment segment share as they deliver excellent optical performance by allowing emissions in horizontal and vertical directions.
 

Based on sector, the industry is bifurcated into medical, automotive, aerospace, military & defense, telecommunication, and others. Hermetic packaging market from the aerospace sector is slated to show revenues of more than USD 1.8 billion by 2032, owing to the rapidly growing demand for air travel. Improving living standards over the past decades have made air transport more accessible to the general population. Meanwhile, improving disposable incomes have also fueled the growth of aerial transport and logistics.
 

Europe hermetic packaging market is expected to depict more than 7.5% CAGR from 2023 to 2032, owing to increasing investments in military and defense in the region. Moreover, intense R&D initiatives in the healthcare sector, coupled with the availability of strong aerospace capabilities are positively shaping the market landscape. The regional growth can also be attributed to increasing demand for automated & luxury vehicles.