The advanced probe card market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to growth in electric and autonomous vehicles, expansion of wearable devices, increased investments in semiconductor manufacturing, rising production of health monitoring devices, and rising semiconductor production. Major trends in the forecast period include technological advancements, the rise of 5G, the adoption of artificial intelligence, expansion in IoT devices, and geographic expansion.
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Segmentation & Regional Insights
The advanced probe card market covered in this report is segmented –
1) By Technology: Micro-Electro-Mechanical Systems (MEMS), Cantilever, Vertical
2) By Material: Tungsten, Copper Clad Laminated, Aluminum, Other Materials
3) By Application: Foundry And Logic, Dynamic Random Access Memory (DRAM), Flash, Parametric, Other Applications
Asia-Pacific was the largest region in the advanced probe card market in 2023. The regions covered in the advanced probe card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of the semiconductor industry is expected to propel the growth of the advanced probe card market going forward. The semiconductor industry refers to the sector engaged in the design, manufacturing, and sale of semiconductor devices, which are essential components in modern electronic equipment. The semiconductor industry is growing due to increasing demand for advanced electronics and technology in various sectors, including consumer electronics, automotive, and telecommunications. Advanced probe cards are essential in the semiconductor industry for enabling precise and efficient testing of semiconductor wafers, thereby ensuring the high quality and reliability of chips. For instance, in February 2023, according to the Semiconductor Industry Association, a US-based trade association, the global semiconductor industry reached a record-high annual sales of $574.1 billion in 2022, representing a 3.3% increase from the 2021 total of $555.9 billion. Therefore, the growth of the semiconductor industry will drive the growth of the advanced probe card market.
Key Industry Players
Major companies operating in the advanced probe card market are Tokyo Electron Limited, Advantest Corporation, FormFactor Inc., TT Electronics plc, Technoprobe S.p.A., ESPEC Corporation (ESPEC Group), Micronics Japan Co. Ltd. (MJC), STAr Technologies Inc., TSE Co. Ltd., Japan Electronic Materials Corporation (JEM), Chunghwa Precision Test Tech.Co. Ltd ., Synergie Cad Probe, MPI Corporation, WinWay Technology Co. Ltd., Microfriend Inc., Korea Instrument Corporation, Nidec SV Probe Pte. Ltd., Microfabrica Inc., GGB Industries Inc., Will Technology Co. Ltd., Feinmetall GmbH, Semics Inc., Wentworth Laboratories Ltd., TIPS Messtechnik GmbH, AMST GmbH
The advanced probe card market report table of contents includes:
1. Executive Summary
2. Advanced Probe Card Market Characteristics
3. Advanced Probe Card Market Trends And Strategies
4. Advanced Probe Card Market – Macro Economic Scenario
5. Global Advanced Probe Card Market Size and Growth
…………………………
32. Global Advanced Probe Card Market Competitive Benchmarking
33. Global Advanced Probe Card Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Advanced Probe Card Market
35. Advanced Probe Card Market Future Outlook and Potential Analysis
36. Appendix
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