Ceramic packaging market: key findings
- The market value of ceramic packaging is growing $ 6.74 billion over 7% CAGR during 2021-2025
- 74% of market growth originating from APAC during the forecast period
- Based on the end user, consumer electronics the segment will offer maximum opportunities to suppliers over the forecast period
- The ceramic packaging market is expected to have neutral impact due to the spread of COVID-19
Ceramic packaging market: growth drivers
Significant growth in the consumer electronics industry is one of the main factors driving market growth. Factors such as strong economic growth, rising literacy rates and rising purchasing power are increasing the demand for smartphones. In addition, advances in wireless telecommunications technology, such as IoT, 3G, and 4G, have further encouraged the adoption of other smart devices globally. Also, the demand for common consumer electronics products, such as audio and video systems, electronic equipment, multimedia devices, digital cameras, camcorders, refrigerators and washing machines, is significantly increasing worldwide. As a result of these factors, the consumption of ceramic packaging is likely to increase, which will stimulate market growth over the forecast period.
“The growth of the medical and healthcare device industry and the increasing use of electronics in cars will further boost market growth over the forecast period,” says a senior analyst at Technavio.
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Ceramic Packaging Market: Major Suppliers
Aerospace Semiconductor Inc.
Aerospace Semiconductor Inc. operates through a unified segment. The company offers a different package that can improve thermal performance, pinout configuration, electrical performance or mechanical size and shape. Some of these packages include multi-layer ceramic packages, pressed ceramic packages and metal can packages.
AMETEK Inc. operates through segments such as Electronic Instruments and Electromechanical. The company offers high performance solutions for advanced electronic applications. It offers glass to metal seals (GTMS), glass and fiber seals (GTFS), ceramic to metal seals (CTMS) and high temperature co-fired ceramics (HTCC) for airtight packaging.
Aptasic SA operates through the Unified segment. The company offers a large panel of packaging solutions from small quantities to mass production, including laminate flooring packages, standard package families, discrete package families, ceramic packages, specific packages, etc.
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