India Hermetic Packaging Market Size & Outlook, 2022-2030
India hermetic packaging market, 2018-2030 (US$M)
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India hermetic packaging market highlights
- The India hermetic packaging market generated a revenue of USD 172.3 million in 2022 and is expected to reach USD 324.9 million by 2030.
- The India market is expected to grow at a CAGR of 8.3% 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.
Hermetic packaging market data book summary
| Market revenue in 2022 | USD 172.3 million |
| Market revenue in 2030 | USD 324.9 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Ceramic to metal sealing |
| Fastest growing segment | Ceramic to Metal Sealing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, India accounted for 5.0% of the global hermetic packaging market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 324.9 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 54.09% in 2022. Horizon Databook has segmented the India 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.
The allocation is mostly focusing on defense equipment manufacturing MSMEs(Micro small and medium enterprise) under the make in India initiative. Defense Research and Development Organization (DRDO) is the nodal agency working on research in defense equipment.
Apart from the state-sponsored space research and development organizations, the Indian government has given permission to private players to enter into the space research, development, and manufacturing ecosystem.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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India hermetic packaging market size, by product, 2018-2030 (US$M)
India Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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