The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.Read More
APAC Hermetic Packaging Market revenue to reach $1.8 Bn by 2027
Published Date: 2022-05-24
Request a sample
APAC Hermetic Packaging Market size is poised to cross USD 1.8 billion by 2027, according to a latest forecast report by Graphical Research. The high demand for hermetically packed products from the region will drive hermetic packaging industry growth.
The packaging market is expected to experience an upward growth due to the increased spending on defense & military expenses by developing countries in Asia Pacific. The emerging economies of Asia Pacific are increasing their defense budgets to increase their military capabilities. This is expected to create more demand for hermetically packed equipment in the defense sector.
The other factor that is driving the market is the increasing demand for commercial aircraft from developing nations including India, Indonesia, and Malaysia. Industrial developments in these countries have attracted more investments, which have led to an increase in the demand for air services. Moreover, the tourism sector is also flourishing in these regions.
The COVID-19 pandemic will have a negative impact on industry growth due to the disruption in the supply chain of raw materials and their delivery, mainly from China. China is a major exporter of electronic goods, and restriction in movement has impacted the electronic industry, further impacting the packaging market growth.
The multi-layer ceramics segment from hermetic packaging market will grow at 10.4% CAGR from 2020 to 2027, due to the increasing demand for complex circuits in the electronics industry. An increase in technological advancements will result in higher complexities in circuits. These circuits must be protected from harsh environments.
Browse detailed statistical insights from the report, “Asia Pacific Hermetic Packaging Market Forecast 2027 By Configuration (Multi-layer Ceramic, Pressed Ceramic, Metal Can), By Product (Ceramic Metal Sealing, Glass-metal Sealing, Passivation Glass, Transponder Glass, Reed Glass), By Application (Laser, Photodiodes, Airbag Ignitors, MEMS Switch, Transistors, Sensors), By Sector (Military & Defense, Aeronautics, Medical, Automotive, Telecom), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The ceramic-metal sealing segment has a high market growth. This is attributed to its high mechanical strength and thermal resistance. Due to these properties, it has high applications in end-user industries such as automotive, aerospace, defense, etc.
The sensors segment will acquire over 15% market share in the application segment by 2027, owing to a rise in automation, creating a demand for hermetically sealed sensors in the market.
Hermetic packaging is the most reliable concealing technique used in the aeronautics sector. Hermetic connectors and hermetically sealed headers are used in airplanes. The growing aerospace industry, high-end applications, and reliability of these hermetic concealers have led to an increase in demand from the automotive sector.
The APAC hermetic packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Configuration
- Multi-layer ceramic packages
- Pressed ceramic packages
- Metal can package
Asia Pacific Market, By Product
- Ceramic-to-metal sealing
- Glass-to-metal sealing
- Passivation glass
- Transponder glass
- Reed glass
Asia Pacific Market, By Application
- MEMS switches
- Airbag initiators
Asia Pacific Market, By Sector
- Military & defense
The above information has been provided for the following countries:
- Asia Pacific
- South Korea