Pune, Jan. 24, 2023 (GLOBE NEWSWIRE) -- The report analyzed by Maximize Market research, on Glass to Metal Seals Market, covers an extensive business environmental analysis, regulatory landscape, and value chain analysis. Over the forecast period, Maximize Market research estimates, Glass to Metal Seals Market was valued at USD 1128.77 Million in 2021 and is expected to reach USD 1585.92 Million by 2029, exhibiting a CAGR of 4.34 % during the forecast period.
Glass to Metal Seals Market Scope and Research Methodology
MMR is prepared by collecting data on the main suppliers' earnings to assess and forecast the Glass to Metal Seals market size. Vendors' offerings are used to segment the market by Type (Matched Seal, Compression Seal, Others), Application (Military & Defense, Automotive, Energy & Utilities, Healthcare, Telecommunications, Consumer Electronics, Others). In-depth interviews with significant individuals, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives were later conducted to confirm these divides through primary research. Bottom-up techniques are used to determine how large is the market. Through primary and secondary research, the leading market participants in the Glass to Metal Seals industry are identified, and their market revenues are computed. Instead of using secondary research, the annual and financial reports of the major manufacturers were analyzed, and important opinions and business leaders in the industry, including CEOs and marketing executives, were questioned. Among the most significant competitors in the global Glass to Metal Seals market are Schott, AMETEK, Inc., Amkor Technology.
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Glass to Metal Seals Market Dynamics
The demand for glass to metal seals is expected to increase over the forecast period owing to their use in the manufacture of fuel cells, electrical penetration control, veterinary and dental applications, airbag initiation, and other applications.
Automotive electronics offer higher levels of comfort, security, and safety. As people pick technologically advanced vehicles more frequently, the need for automotive electronics is also anticipated to increase. As a result, an increase in demand for glass to metal seals for a number of automobile components, such as airbag initiators, collision sensors, and others is expected. Increased urbanisation and industrialisation are key factors in the demand for glass to metal sealing.
Glass to Metal Seals Market Segmet Analysis
Military & Defense segment was valued USD 379.15 Mn in 2021 and is expected to grow highest CAGR of 5.12% over forecast period. Glass to metal seal feedthroughs is used in the aerospace & defence industries in a wide range of parts where system reliability is crucial, with vacuum feedthroughs, sealed relays, thermal sensors, pin feed-through terminals, injector pipes, LEDs, beam-line feedthroughs, thermocouple feedthroughs, packages for electronic components, AC/DC power distribution assemblies, and time delay equipment. Likewise, the report will provide an accurate prediction of the contribution of the various segments to the growth of the Glass to Metal Seals market size.
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Glass to Metal Seals Market Regional Insights
APAC is expected to lead the global market, generating revenue of USD 409.74 Mn in 2021 with China and India being the two largest markets in the region. The countries account for the majority of the demand for glass to metal seals in the area. The rise in demand for glass to metal seals in the consumer electronics, energy and utilities, automotive and transportation, and telecommunications industries in Asia Pacific can be attributed to industrialization and the region's consumers' greater purchasing power.
| Market Size in 2021 | USD 1128.77 Mn |
| Market Size in 2029 | USD 1585.92 Mn |
| CAGR | 4.34 % (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 213 |
| No. of Tables | 110 |
| No. of Charts and Figures | 112 |
| Segement Covered | Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Glass to Metal Seals Market Key Competitors:
- AMETEK, Inc.
- Amkor Technology, Inc.
- Botou Hi-Tech Electronic Accessories Co., LTD
- Complete Hermetics
- Concept Group LLC
- Dietze Group
- Egide Group
- Electrovac AG
- Emerson Fusite (Emerson Electric Co)
- Hermetic Solutions Group LLC
- Kyocera
- Palomar Technologies
- Rosenberger Hochfrequenztechnik GmbH & Co. KG
- Schott AG
- SGA Technologies Ltd
- Shinko Electric Co. Ltd
- Televac Private Limited
- Vac-Tron SA
Key questions answered in the Glass to Metal Seals Market are:
- What factors are expected to drive the demand for Glass to Metal Seals Market?
- Which roof material type is expected to emerge as the fastest growing segment?
- Which application segment is expected to hold the largest market share?
- What factors are expected to support the growth of Glass to Metal Seals Market?
- Why and how major companies in Glass to Metal Seals Market are adopting strong market positioning startegies?
- What strategies are implimented by major companies to achieve a competitive advantage over local manufacturers and suppliers?
- What are the current manufacturing and technology trends in the Glass to Metal Seals Market?
- Which regulations are driving or restraining the Glass to Metal Seals Market growth across various countries?
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Key Offerings:
- Glass to Metal Seals Market Current Size and Share, Forecast by Revenue (2022−2029)
- Glass to Metal Seals Market Variables, Trends & Scope, Roofing Materials Value Chain Analysis, Regulatory Framework
- Market Dynamics: Growth Drivers, Market Restraints, Investment Opportunities, Market Challenges and Manufacturing Trends, Technological Trends
- Business Environment Analysis: Supplier Power, Buyer Power, Threat Of New Entrants, Threat Of Substitutes, Competitive Rivalry and Political Analysis, Environmental Analysis, Social Analysis, Technological Analysis, Economical Analysis, Legal Analysis
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