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Industrial Electronics Packaging Market Size

Report ID: GMI6376
Published Date: Aug 2023
Report Format: PDF

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Industrial Electronics Packaging Market Size

Industrial Electronics Packaging Market size was valued at around USD 1.9 billion in 2022 and will grow at a CAGR of 4.1% from 2023 to 2032. The increasing adoption of industrial automation systems and technologies drives the demand for robust and protective packaging for sensitive electronic components used in automation equipment. The rapid growth of the Internet of Things (IoT) and connected devices fuels the demand for specialized packaging solutions that protect electronic components in IoT devices.

Industrial Electronics Packaging Market

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The automotive industry's increasing integration of electronics in vehicles demands secure and reliable packaging to protect sensitive electronic components from vibration, temperature fluctuations, and other environmental factors.

Industrial Electronics Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2022
Industrial Electronics Packaging Market Size in 2022:	USD 1.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.1%
2032 Value Projection:	USD 2.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	210
Tables, Charts & Figures:	246
Segments covered:	Material Type, Packaging Type, Protection Level, Application, Region
Growth Drivers:	Growing electronics industry Rising automotive industry Expansion of the semiconductor industry
Pitfalls & Challenges:	Cost pressures Compatibility with Advanced Technologies Supply Chain Disruptions

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Electronics manufacturers face continuous cost pressures, including raw material costs, transportation, and packaging expenses. Balancing cost-effectiveness with quality and performance is a significant challenge. As electronics advance, packaging must keep pace with emerging technologies, such as 5G, IoT, and AI, to meet the requirements of the latest electronic devices. Disruptions in the supply chain can lead to delays in obtaining packaging materials and affect production schedules. Thus, the high-end pricing and risks associated with Industrial electronics packaging may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for industrial electronics packaging was valued at around USD 1.9 billion in 2022 and is estimated to reach USD 2.8 billion by the end of 2032, backed by the increasing adoption of industrial automation systems and technologies.

Semiconductor segment is anticipated to grow at 3.5% CAGR through 2032 as the semiconductor sector demands packaging solutions that can withstand harsh vibrations and mechanical stresses experienced.

U.S. market for industrial electronics packaging was worth USD 0.42 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 owing to the robust electronics manufacturing sector in the region, producing a wide range of electronic components, devices, and equipment.

are DS Smith Plc., Smurfit Kappa Group Plc., UFP Technologies Inc., Sealed Air Corporation, Achilles Corporation, Desco Industries Inc., Orlando Products Inc., Delphon Industries LLC, Summit Container Corporation, Protective Packaging Corporation, among others.