The global hermetic packaging market is likely to witness substantial growth through 2032, fueled by a notable demand from the petrochemical sector. The petrochemical industry utilizes hermetic packaging to protect electronics and sensors in downhole drilling exploration equipment.
The packaging enables components such as hermetic connectors, headers, and terminals to withstand the strenuous conditions that are present on drilling platforms, where they are often exposed to oil, grime, and dirt.
Meanwhile, the market is also slated to witness strong growth from the consumer electronics sector. A majority of this growth is expected to be driven by the rising demand for smartphones.
The overall hermetic packaging market landscape is divided into segments such as configuration, product, application, sector, and regional landscape.
On the basis of configuration, the market is classified into metal can, pressed ceramic, and multi-layer ceramic. The market size from pressed ceramic segment is expected to surpass USD 1 billion by 2032. Pressed ceramic packages are more affordable in comparison to the multilayer packages, which fosters their demand. They also have a simple construction which reduces the complexity of the package and greatly works in favor of the segment.
On the basis of product, the transponder glass segment is anticipated to build considerable momentum, fueled by the strong demand for transponder glasses in RFID transponders. These devices are used in extreme environmental conditions such as living tissue, where size and robustness are of utmost importance.
The segment growth can also be ascribed to the high proportion of iron oxide in transponder glass which ensures a contamination-free sealing with various infrared light sources.
With regards to application spectrum, the transistor segment is likely to dominate the market landscape, holding over 33% industry share by 2032. The segment growth can be credited to the increasing use of transistors in electronic circuits and systems utilized in a majority of end-use hermetic packaging market sectors.
Based on sector, the hermetic packaging market is slated to foresee strong growth from the automotive sector. The packaging is used in rollover devices and airbag equipment within automobiles.
Hermetic housing equipment and custom-designed feedthroughs offer safety to highly sensitive electronic components that are responsible for upholding the safety and comfort of passengers, augmenting segment expansion.
From the regional perspective, the MEA market is expected to witness considerable growth, owing to changing political environment in the region. Countries across the MEA are making heavy investments towards the upgradations of facilities and technologies in the healthcare, contributing to segment growth.
Increasing demand for consumer electronics, telecommunication infrastructure, and luxury vehicles in the region is also expected to stimulate industry growth.