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Probe Card Market

Probe Card Market

Probe Card Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



May - 2022



Report Code:


Segments Covered
  • By Type By Type Cantilever Probe Card, MEMS Probe Card, Vertical Probe Card
  • By Application By Application DRAM, Flash Foundry & Logic, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 2263.13 Million
Revenue 2030Revenue 2030: USD 3689.59 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 6.30%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Probe Card Market Share

Market Synopsis:

The Global Probe Card Market is valued at USD 2263.13 Million in the year 2022 and is projected to reach a value of USD 3689.59 Million by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.30% over the forecast period.

Probe Card Market Size, 2022 To 2030 (USD Million)

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A Probe Card is an interface that allows a semiconductor wafer to be tested. In the first process of semiconductor manufacturing, this process is used to check the quality of integrated circuits or latent semantic indexing. A surge in electronic testing demand in the semiconductor industry could drive the Global Probe Card Market. The lack of consumer awareness about the benefits of the Probe Card solution is expected to stymie market growth. A rise in strategic partnership and collaboration among organizations, on the other hand, is expected to provide opportunities for the Global Probe Card Market.

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The high cost of the Probe Card solution may limit the market's growth. Increased demand for electronic testing in the semiconductor industry is propelling the Global Probe Card Market forward. Due to new and advanced technology inputs, the Probe Card Market has expanded in popularity. The shrinking of electrical items used in various devices is one of the key factors driving the market's growth. New devices in all shapes and sizes are constantly being invented, necessitating the creation of electrical testing to handle the new gadgets. As a result, the market's growth has sped up. It's also utilized to create an electrical path between the test system and the circuits, allowing them to be inspected and certified.

The rise in demand for wearables, smartphones, and the Internet of Things is driving the growth of the Probe Card Market (IoT). In the Probe Card Market, new and advanced technology is also fueling market expansion. Manufacturing plants producing probing cards have also increased their investments in order to stay ahead of the competition and avoid falling behind. These plants must keep up with the growing demand for electrical goods. Furthermore, the semiconductor industry is focusing on developing integrated circuits (ICs) to enable advanced technology.

Semiconductor manufacturers are continually spending in research and development to develop micro components in order to suit the growing demand for small and portable electronic devices. MEMS and 3D stacked ICs are the result of this. Electronic component shrinkage has also impacted semiconductor device producers, as foundries must revamp their manufacturing facilities to enable optimal MEMS and 3D IC production. As a result, demand for testing equipment is predicted to increase, propelling the Probe Card Market forward over the forecast period.

Market Segmentation:

The Probe Card Market is segmented on the basis of Type and Application. On the basis of Type, the market is segmented into Cantilever Probe Card, MEMS Probe Card and Vertical Probe Card. On the basis of Application, the market is segmented into DRAM, Flash Foundry & Logic and Others.

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Based on Type

MEMS Probe cards account for a significant portion of the market's growth. MEMS-SP stands for logic probe cards, which can be used to test flip chips for microprocessors and SoC devices, as well as fine pitch bump wafers. MEMS-SP allows for extremely precise and repeatable testing with little variance. Micron-level contact with I/Os and power connections on ICs is possible because to MEMS technology. MEMS probes are perfect for fulfilling the fine-pitch and high-pin count needs of cutting-edge semiconductor process nodes and sophisticated packaging because of their precision.

Based on Application

Due to the expansion of the semiconductor sector, the largest segment, foundry and logic, is expected to continue to grow at the fastest rate over the forecast period. The foundry model uses two ways to reduce these costs, while fabless businesses save money by not having such facilities. Merchant foundries, on the other hand, get their work from a global pool of fabless businesses and keep their plants running by carefully scheduling, pricing, and contracting.

Asia Pacific Holds the Largest Share of the Probe Card Market

Asia Pacific is projected to acquire the largest market with a share of 38.10% during the year 2021. Asia Pacific dominates the market, owing to the presence of major semiconductor material manufacturers as well as other high-end equipment producers in the region. Furthermore, the incorporation of semiconductors into vehicles for various features such as electrification, automation, safety-related electronics systems, and digital connectivity will drive the demand for probe cards, resulting in lucrative growth opportunities for this regional market during the forecast period. The growing use of semi-conductors in various manufacturing and electronic equipment will be a key growth driver for the global probe cards market in this region. Furthermore, the introduction of new technologies into the manufacturing and electrical sectors, such as the Internet of Things, 5G technology, and Artificial Intelligence, will help to create lucrative growth opportunities.

Competitive Landscape:

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

Segmentation of the Global Probe Card Market:

Parameter Details
Segments Covered

By Type

  • Cantilever Probe Card
  • MEMS Probe Card
  • Vertical Probe Card

By Application

  • DRAM
  • Flash Foundry & Logic
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • FormFactor
  • MPI
  • SV Probe
  • Microfriend
  • Korea Instrument
  • Feinmetall
  • Advantest
  • Will Technology
  • Japan Electronic Materials
  • TSE
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Frequently Asked Question
  • The global Probe Card valued at USD 2263.13 Million in 2022 and is expected to reach USD 3689.59 Million in 2030 growing at a CAGR of 6.30%.

  • The prominent players in the market are FormFactor, MPI, SV Probe, Microfriend, Korea Instrument, Feinmetall, Advantest, Will Technology, Japan Electronic Materials, TSE.

  • The market is project to grow at a CAGR of 6.30% between 2023 and 2030.

  • The driving factors of the Probe Card include

    • Miniaturization of Electronic Products

  • Asia Pacific was the leading regional segment of the Probe Card in 2022.