The North America Hermetic Packaging market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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The increasing commercial and military aircraft production and rising spending on defense/military equipment are anticipated to drive the demand of hermetically protected electronic components in the aerospace and defense industry, which in turn is driving the growth of . Further, the robust demand for hermetically packaged electronic components from automotive, medical and telecommunications industry is propelling the hermetic packaging market growth. In addition, the increasing demand for consumer electronic devices worldwide is anticipated to drive the demand for hermetic packaging solutions during the forecast period of 2019 to 2027. Consumer electronics are subjected to extensive use by consumers. Environmental conditions such as moisture, impact stress, and heat could damage the sensitive electronic components used in these devices. For instance, quartz crystals used in various consumer electronics products are susceptible to damage due to extreme environmental conditions and hence in order to safeguard such components, manufacturers are adopting hermetic packaging and sealing solutions. Hermetic packaging and sealing helps in increasing the reliability and service life of electronic components.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for North America Hermetic Packaging in the market.
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North America Hermetic Packaging Market – MARKET SEGMENTATION
Hermetic Packaging Market – By Product
- Passivation glass
- Transponder glass
- Reed glass
- Glass-to-Metal Sealing (GTMS)
- Ceramic-to-Metal Sealing (CerTMS)
Hermetic Packaging Market – By Application
- Photo Diodes
- Airbag Ignitors
Hermetic Packaging Market – By Industry Vertical
- Consumer Electronics
- Military and Defense
Hermetic Packaging Market – By Country
Hermetic Packaging Market – Companies Mentioned
- Ametek, Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
- Renesas Electronics Corporation
- Schott AG
- Teledyne Technologies Incorporated
- Texas Instruments Inc.
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