Spain Hermetic Packaging Market Size & Outlook, 2022-2030
Spain hermetic packaging market, 2018-2030 (US$M)
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Spain hermetic packaging market highlights
- The Spain hermetic packaging market generated a revenue of USD 58.1 million in 2022 and is expected to reach USD 93.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.1% 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 58.1 million |
| Market revenue in 2030 | USD 93.1 million |
| Growth rate | 6.1% (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, Spain accounted for 1.7% 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 Europe, Germany hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 93.1 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 54.73% in 2022. Horizon Databook has segmented the Spain 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.
Spain’s 5G national plan is expected to be a driver for equipment upgrades in Spain. The Spain is working primarily on strengthening the fiber networks. Apart from these developments, cybersecurity, cloud computing, and Artificial Intelligence (AI) are the technology sectors the country intends to increase its presence in.
This Spanish government move is acting as a boost for domestic defense manufacturers like Airbus DS, Indra, and Expal, among others. This, in turn, is expected to increase the demand for hermetic packaging for various microcontrollers and electronic equipment.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain hermetic packaging market size, by product, 2018-2030 (US$M)
Spain Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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