Published Date: 2021-11-19
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North American Hermetic Packaging Market size is projected to reach USD 2.2 billion by 2027, according to a latest forecast report by Graphical Research. Strong demand growth of electronic packaging in the U.S. will stimulate the market growth.
North America held around 40% share in the global hermetic packaging market in 2020 attributed to the presence of strong semiconductor and sensitive electronics industries. The hermetic packaging technology demand is predominantly driven by rising production and consumption of highly sensitive electronics and other components. The U.S. semiconductor industry holds more than 50% of the global production capacity. The ever-increasing demand for semiconductors, MEMS, transistors, and other electronic devices from end-user industries will augment the product demand in the coming years. Automotive electronics, sensors, consumer electronics, and energy & nuclear safety as well as defense, aviation & space electronics require hermetic packaging in significant quantities. The increasing demand for highly sensitive electronics from the aforementioned end-user industries will augment market demand.
The covid-19 pandemic had a significant impact on every industry around the world in 2020. The pandemic completely disrupted supply and logistics operations. Many industries witnessed sudden drop in sales due to decrease in end products demand. The product demand decreased drastically in 2020 as production in automotive, aerospace, and defense industries was hampered due to lockdowns, closing of factories, and delaying & canceling of work orders. However, the introduction of vaccines as well as aggressive vaccination programs by U.S. and Canadian governments will help the industry to recover at the pre-pandemic level.
Browse detailed statistical insights from the report, “North America Hermetic Packaging Market Forecast 2027 By Product (Ceramic-Metal Sealing, Glass-Metal Sealing, Passivation Glass, Transponder Glass, Reed Glass), By Configuration (Multi-layer Ceramic, Pressed Ceramic, Metal Can), By Application (Lasers, Photodiodes, Airbag Initiators, MEMS (Microelectrochemical) Switches, Transistors, Sensors), By Sector (Military & Defense, Aeronautics, Medical, Automotive, Telecommunication), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1975/north-america-hermetic-packaging-market
The multi-layer ceramic segment dominated around 30% market share in 2020. This configuration allows the package designer to introduce electrical enhancements in the package body. The growing demand for electronic packaging among aerospace and automotive industries will augment the segment’s growth.
Ceramic-metal sealings have garnered significant attention from end-user industries due to their mechanical strength and thermal advantages; thus, they have witnessed strong demand from aircraft engines, implantable electronic devices, gas turbine engine thermocouples, seals for fuel line assemblies, and fire detection system terminations. The segment will register around 9% CAGR growth during the study timeframe.
MEMS or Micro-Electro-Mechanical switch is a miniaturized electro-mechanical and mechanical element manufactured using microfabrication techniques. Hermetic packaging products will experience the fastest demand for MEMS application. The MEMS switch segment will cross USD 540 million by 2027.
The aerospace segment held over 25% market share in 2020 and is expected to grow at 8% CAGR from 2021 to 2027. The strong aerospace manufacturing industry and the ever-growing number of air passengers will proliferate the market growth.
The North American hermetic packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Configuration
North America Market, By Product
North America Market, By Application
North America Market, By Sector
The above information has been provided for the following countries:
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