Probe Card Market
Probe Card Market - Global Industry Assessment & Forecast
#
Pages:
150
2021
May - 2022
VMR-1566
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
Snapshot
 Forecast
Years:
|
2022 - 2028 |
 Historical
Years:
|
2016 - 2021 |
 Revenue
2021: |
USD 2,129.4 Million |
 Revenue 2028:
|
USD 3,107 Million |
 Revenue CAGR
(2022 - 2028): |
6.5% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Largest Region (2021):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Market Synopsis:
The Global Probe Card Market is valued at USD 2,129.4 Million in the year 2021 and is projected to reach a value of USD 3,107 Million by the year 2028. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period.
Probe Card Market Size, 2021 To 2028 (USD Million)
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.
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.
Below tree is interactive. You can click the nodes to get more information.
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 |
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| Regions & Countries Covered |
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| Companies Covered |
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| 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 |
FAQ
Frequently Asked Question
What is the global demand for Probe Card in terms of revenue?
-
The global Probe Card valued at USD 2,129.4 Million in 2020 and is expected to reach USD 3,107 Million in 2028 growing at a CAGR of 6.5%.
Which are the prominent players in the market?
-
The prominent players in the market are FormFactor, MPI, SV Probe, Microfriend, Korea Instrument, Feinmetall, Advantest, Will Technology, Japan Electronic Materials, TSE.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.5% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
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The driving factors of the Probe Card include
- Miniaturization of Electronic Products
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Probe Card in 2020.
