SAN FRANCISCO, June 14, 2017 /PRNewswire/ --
The global hermetic packaging market is expected to reachUSD 5.03 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of hermetic packages is expected to grow significantly as a result of increasing application scope from healthcare and aeronautics
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The capability of the product to protect electronic components from temperature, pressure, and liquids is expected to drive the market over the forecast period. The telecom industry utilizes fragile & complex materials in various applications such as trunk lines and metros which require efficient packaging, thereby augmenting the demand.
Central & South America accounted for a share of over 5.0% in 2016 Growing population and rising consumer willingness to spend is expected to increase the demand for electronic devices, thereby having a positive impact on the hermetic packaging industry. In addition, high military expenditure of USD 24.6 billion by Brazil in 2015 is likely to drive the market growth further.
Browse full research report with TOC on "Hermetic Packaging Market Analysis By Product (Ceramic To Metal, Glass To Metal, Transponder Glass, Reed Glass, Passivation Glass), By Application (Aeronautics, Defense, Automotive, Healthcare, Telecom), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/hermetic-packaging-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global hermetic packaging market on the basis of product, application, and region:
Read Our Blog: http://www.grandviewresearch.com/blogs/semiconductors-and-electronics
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: +1-888-202-9519 Email: [email protected]
SOURCE Grand View Research, Inc.
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