Europe Hermetic Packaging Market Size & Outlook, 2022-2030
Europe hermetic packaging market, 2018-2030 (US$M)
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Europe hermetic packaging market highlights
- The Europe hermetic packaging market generated a revenue of USD 774.1 million in 2022.
- The market is expected to grow at a CAGR of 5.2% 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, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 774.1 million |
| Market revenue in 2030 | USD 1,161.3 million |
| Growth rate | 5.2% (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, Europe region accounted for 22.5% 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 53.84% in 2022. Horizon Databook has segmented the Europe 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.
Technologically advanced equipment cannot be designed and developed without microcontroller chips, ICs, and relays. These semiconductor parts work effectively in ideal conditions where they are isolated from dust, humidity, and thermal fluctuations.
With increased demand for EVs(Electric Vehicles), the demand for microelectronics is expected to be augmented in future as they help control and measure various parameters in EVs like battery temperature. This is further expected to increase the demand for hermetic packaging.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe hermetic packaging market size, by country, 2018-2030 (US$M)
Europe Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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