U.S. Hermetic Packaging Market Size & Outlook, 2022-2030
U.S. hermetic packaging market, 2018-2030 (US$M)
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U.S. hermetic packaging market highlights
- The U.S. hermetic packaging market generated a revenue of USD 697.2 million in 2022 and is expected to reach USD 1,117.2 million by 2030.
- The U.S. 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 697.2 million |
| Market revenue in 2030 | USD 1,117.2 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, U.S. accounted for 20.3% 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 North America, U.S. hermetic packaging market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,117.2 million by 2030.
Ceramic to metal sealing was the largest segment with a revenue share of 56.94% in 2022. Horizon Databook has segmented the U.S. 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.
According to March 2023 report of the Business Standard, the U.S. has been spending increasingly on its space programs. Most of the U.S. space spending has been diverted to NASA.The approved budget of NASA-(National Aeronautics and Space Administration) for the financial year 2022 was USD 24 billion.
Moreover, the consumer electronics industry in the U.S. is witnessing continuous growth. As hermetic packaging plays an important role to maintain the ideal environment for microcontrollers to work safely.
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Hermetic Packaging Market Scope
Hermetic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. hermetic packaging market size, by product, 2018-2030 (US$M)
U.S. Hermetic Packaging Market Outlook Share, 2022 & 2030 (US$M)
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