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Probe Card Market is expected to grow with a CAGR 6.5% from 2022 to 2028

As stated in our extensive report; providing insights on Type, Application and Region; the Global Probe Card Market accounted for USD 2,129.4 Million in the year 2021.

A Probe Card is essentially an interface or a board that this is used to carry out a wafer check for a semiconductor wafer. It is used to connect the integrated circuits placed on a wafer to the ATE (Automated Test Equipment) to test their electric-powered parameters and universal overall performance in advance before they are artificial and shipped out. This method is used to check the excellent of integrated circuits or latent semantic indexing within the primary method of semiconductor manufacturing.

The worldwide Probe Card market is segmented based mostly on type, application, and region. Based on type, the market is cut up into Cantilever Probe Card, MEMS Probe Card, and Vertical Probe Card.

The international quarantine imposed in response to the COVID-19 outbreak has brought about a financial crisis. The pandemic has wreaked havoc on several industries, and the Probe Card corporation is not any exception. Due to this many of the manufacturers had to make difficult financial and cost-cutting decisions to ensure the continuous flow of the goods. Also because of flight cancelations, tour bans, quarantines, eating places closing, and all indoor occasions being limited in over 40 international locations wherein a nation of emergency became declared, ensuing in a large slowdown of the Probe Card marketplace traits volatility, the boom in public panic, and uncertainty approximately the future.

“Key Factors Likely to Drive Growth of Probe Card Market”

The growing utility of semi-conductors throughout more than one production and electronics gadget will function as a key boom motive force for the worldwide probe playing cards marketplace. Most digital gadgets nowadays are mounted with incorporated circuits, thereby propelling the probe playing cards. Besides this, the arrival of the contemporary technology withinside the production and electric sectors consisting of the Internet of Things, 5G technology, and Artificial Intelligence will similarly assist create moneymaking boom possibilities for the marketplace within the forecast period.

Asia Pacific holds the largest share Probe Card in the market and is expected to continue this trend in the forecast period. The advancement of devices especially in the electronics sector is the major factor in increasing demand for the Probe Card Market.

Some of the key players in the Global Probe Card Market include FormFactor, MPI, SV Probe, Microfriend, Korea Instrument, Feinmetall, Advantest, Will Technology, Japan Electronic Materials, TSE and others.