The probe card market is projected to grow from US$ 2,176.67 million in 2021 to US$ 3,436.80 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.
The overall market has been segmented into four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).APAC led the market with a revenue share of more than 60% in 2020, and it is also expected to register the fastest CAGR during the forecast period.
China, Japan, and South Korea are among the major contributors to the probe card market growth in APAC.The electronics industries in China and Japan represent huge potential for the manufacturing and sale of probe card devices.
Similarly, many APAC countries are known for the mass production of electronic components required for consumer electronics, automotive devices, telecommunication devices, and other industrial machinery. The growing number of electronics manufacturing companies in India and China owing to the availability of skilled human resources is contributing to the probe card market growth in the region.
North America is emerging as a promising market due to the presence of major semiconductor market players.The region is characterized by the huge penetration of smartphones, tablets, and other consumer durable electronic gadgets that are compatible with advanced networking technologies such as 5G and 4G.
In North America, the US is the most developed country, which is also an early adopter of technologies. This factor encourages the growth of electronics industry in the country, which indicates huge potential for the essential testing product and service providers.
The probe card market in Europe is expected to grow at a notable pace in the coming years; this is mainly due to the robust presence of semiconductor industries and rollout of government policies for attracting significant FDIs.However, the probe card market experienced decline in growth in 2020 due to the COVID-19 pandemic.
However, with the discontinuation of lockdown across various countries in Europe, the electronics businesses, as well as industries related to them, have started witnessing healthy growth rate since early 2021. Europe is focusing on the microelectronics industry as a new opportunity for the growth of the semiconductor market.
The probe card market is segmented on the bases of type, technology, application, and geography.Based on type, the market is bifurcated into advanced probe card and standard probe card.
Based on technology, the market is segmented into MEMS, cantilever, and vertical. Based on application, the probe card market is segmented into foundry and logic, DRAM, flash, and other applications.
The overall probe card market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the probe card market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the probe card market.
FEINMETALL GmbH, FormFactor, Inc., Fujitsu, GGB Industries, Japan Electronic Materials Corporation, Korea Instrument Co., Ltd., MPI Corporation, SV Probe, Technoprobe S.p.A, and Micronics Japan Co., Ltd. are among the key players operating in the global probe card market.
Our reports have been used by over 10K customers, including:
The probe card market in APAC is expected to grow from US$ 1,478.20 million in 2021 to US$ 2,401.40 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The IC manufacturers incorporate newer chip-packaging options such as 2.5D ICs and 3D ICs into their production processes for attaining high performance at...
The probe card market in Europe is expected to grow from US$ 221.42 million in 2021 to US$ 310.45 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The increase in the use of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, and continuous development and...
The probe card market in North America is expected to grow from US$ 459.89 million in 2021 to US$ 703.69 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The emergence of modern technologies such as autonomous driving and electric vehicles has triggered the use of semiconductor devices such as microcontrollers,...
The waterjet cutting machine market is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2% from 2021 to 2026. The growth of the waterjet cutting machine market is driven by high operational excellence, rise in adoption of waterjet cutting machines across industries, and growth...
The Automotive Parts Aluminum Die Casting Market was valued at USD 21 billion in 2020 and is expected to reach USD 35 billion by 2026 registering a CAGR of more than 7% during the forecast period (2021 - 2026). The COVID-19 pandemic had a profound impact on manufacturing operations, and the market witnessed a slowdown due to supply...
The carbide tools market was valued at US$ 10,623.97 million in 2020 and is projected to reach US$ 15,320.99 million by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028. Carbide tools retain their cutting-edge hardness at high machining temperatures generated by high cutting speeds and feeds that reduce machining cycle...
243 pages •
By Asia Market Information & Development Company
• Apr 2021
China’s demand for Metal Finishing Chemicals has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The forging market was valued at US$ 72,890.07 million in 2019 and it is projected to reach US$ 100,404.83 million by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027. Increasing use of forged steel in the automotive industry and advantage of forging over other fabrication techniques are driving the global forging market.However,...
Growth in solid sulphur demand majorly driven by huge consumption in agriculture industry The solid sulphur market size is estimated to be USD 3.2 billion in 2020 and is projected to reach USD 3.7 billion by 2025, at a CAGR of 3.0 %. The high growth witnessed in the fertilizers sector in the developing economies of APAC...
The market for powder metallurgy is expected to register a CAGR of more than 4%, during the forecast period. One of the major factors driving the powder metallurgy market is the increasing preference for powder metallurgy amongst automotive OEMs. - On the flipside, decreasing automotive production and the impact of the COVID-19 pandemic...
Gross Domestic Product
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.