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SAN FRANCISCO , Aug. 9, 2022 /PRNewswire/ -- The global hermetic packaging market size is expected to reach USD 6.06 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% from 2022 to 2030. Growing defense expenditure and active research in military applications are anticipated to drive the demand for the product.

Key Industry Insights & Findings from the report:

Read 135-page full market research report for more Insights, "Hermetic Packaging Market Size, Share & Trends Analysis Report By Product (Ceramic To Metal Sealing, Glass To Metal Sealing, Transponder Glass), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Hermetic Packaging Market Growth & Trends

High-capital projects and steady innovation and research in the aeronautics and space sectors are expected to create a positive outlook for industry growth over the forecast period. The growing use of optical fiber devices in telecommunications is also expected to further augment the demand for hermetic packaging.

Hermetic packages in medical devices are expected to become more popular owing to the increasing demand for better healthcare services and equipment. Furthermore, technological advancements, resulting in the broader adoption of smart devices in developing economies, are expected to increase the demand for hermetic packaging.

Asia Pacific is expected to expand at the fastest CAGR over the forecast period. With the increasing automotive production and high demand for technology-driven vehicles, the use of hermetic packaging is predicted to increase over the forecast period. Extensive R&D activities are expected to promote the utilization of the product in automobile electronic devices, thus propelling the market growth.

Grand View Research has segmented the global hermetic packaging market on the basis of product, application, and region:

Hermetic Packaging Market - Product Outlook (Revenue, USD Million, 2017 - 2030)

Hermetic Packaging Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

Hermetic Packaging Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

List of Key Players of Hermetic Packaging Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Web: https://www.grandviewresearch.com Grand View Compass | Astra ESG Solutions Follow Us: LinkedIn | Twitter

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SOURCE Grand View Research, Inc.

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