The hermetic packaging market is projected to grow at a CAGR of 4.95% during the forecast period to reach US$5.420 billion by 2027, from US$3.864 billion in 2020.
An increase in demand from the automotive, electronics, and aerospace industries is expected to boost the hermetic packaging market.
Hermetic packaging is increasingly used to protect sensitive electrical parts, particularly in the automotive industry. For example, the hermetic seal is increasingly demanded by sensitive parts of the car which are prone to corrosion like air conditioning compressors, engine control, airbag igniters, seatbelt pre-tensioners, and others.
Furthermore, electronic components require metal, ceramic, and glass hermetic packaging that separates the micro electrical parts from the environment. Additionally, the use of hermetic seals in semiconductor devices is increasing as it protects the device from dust particles, pressure, shock, and vibration.
In addition, hermetic connectors are increasingly used in the aerospace industry as it is for terminals and headers within an airplane. Moreover, hermetic connectors ensure stability and integrity to delicate parts and are even used in fuel tanks to prevent seepage of fuel. Therefore, the end-user demand is increasing.