Asia Pacific Hermetic Packaging Market Size & Outlook
Asia Pacific hermetic packaging market, 2018-2030 (US$M)
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Asia Pacific hermetic packaging market highlights
- The Asia Pacific hermetic packaging market generated a revenue of USD 1,643.0 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, ceramic to metal sealing was the largest revenue generating product in 2022.
- Ceramic to Metal Sealing is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,643.0 million |
| Market revenue in 2030 | USD 2,825.5 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Ceramic to Metal Sealing |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramic to Metal Sealing, Glass to Metal Sealing, Transponder Glass, Reed Glass, Passivation Glass |
| Key market players worldwide | Niterra Co Ltd, Schott Pharma AG & CO KGaA, AMETEK Inc, Amkor Technology Inc, Texas Instruments Inc, Teledyne Technologies Inc, Kyocera Corp, Materion Corp, Egide SA, Micross Components |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.7% of the global hermetic packaging market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,825.5 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 56.14% in 2022. Horizon Databook has segmented the Asia Pacific hermetic packaging market based on ceramic to metal sealing, glass to metal sealing, transponder glass, reed glass, passivation glass covering the revenue growth of each sub-segment from 2018 to 2030.
Defense manufacturers in the region have been continuously investing in the research and development of their market offerings. Countries like India and South Korea are not only manufacturing advanced defense equipment but also exporting them to ASEAN countries like Vietnam.
Apart from the defense sector, various space expedition programs like Gaganyan, Tiangong launched by countries such as China and India have led to an increased demand for semiconductor components As these programs will require enormous semiconductor based components like microcontrollers, ICs.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hermetic packaging market size, by country, 2018-2030 (US$M)
Asia Pacific Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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