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, sensors, and memory systems in the automotive sector.Further, the adoption of safety-related electronic products has grown rapidly with the proliferation of the autonomous driving cars segment.
Semiconductor component manufacturers are continuously focusing on manufacturing advanced systems.Moreover, electrification, automation, digital connectivity, and security features result in the addition of more semiconductor equipment into automotive electronics.
With the surge in the use of electronic equipment in advanced safety features such as advanced driver-assistance systems (ADAS) added to the vehicles, the consumption of automotive electronic components for ensuring accurate navigation, safety, and fuel efficiency would also increase in the coming years, which would trigger the demand for integrated circuits, microcontrollers, and sensors. Thus, with the rise in the consumption of IC chips, the testing activities of these chips have also increased, which is bolstering the demand for probe cards.
Based on type, the advanced probe card segment led the North America probe card market in 2020.An advanced probe card is a probe card developed using enhanced technologies.
It is better than cantilever-type probe cards in terms of throughput, fine pitch, positioning accuracy, and high frequency.There are various types of advanced probe cards, including vertical probe, U-probe, and MEMS SP.
The U-probe is best used for the measurement of memory devices.MEM-SP takes advantage of MEM technology and is used to test logic devices and microprocessors with high accuracy and reliability.
A vertical probe is used to perform multi-die testing of the likes of products associated with general logic and microcomputers.
North America is among the worst-hit regions by the COVID-19 pandemic.The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients.
COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas – supply chain/operations, workforce, 2020 investments, and product offering.In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic.
Post lockdown, the market witnessed increasing demand for digital devices.North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that supports high-speed internet services.
The adoption of the 5G network has driven the market post lockdown. The COVID-19 outbreak has had a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume growth. For instance, in December 2020, Qualcomm Inc., a leading manufacturer of microprocessors, predicted that the shipments of 5G smartphones will double in 2022, owing to an increasing 5G network deployment. Such increasing adoption of 5G smartphones is likely to have some positive impact after the lockdown period; while in lockdown, it certainly negatively hampered the market growth.
The overall North America 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 North America probe card market with respect to all the segments pertaining to the region.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 North America probe card market. FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; GGB Industries; Japan Electronic Materials Corporation; Micronics Japan Co., Ltd.; SV Probe; and Technoprobe S.p.A. are a few major players operating in the market.
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