What is the global market size of Probe Card Market?

Probe Card Market size was valued at USD 2373.75 million in 2021 and is poised to grow from USD 2630.14 million in 2022 to USD 2630.56 million by 2030, growing at a CAGR of 10.8% in the forecast period (2023-2030).

Global Probe Card Market Size, Share, Growth Analysis, By Type(Cantilever Probe Card, MEMS Probe Card), By Application(DRAM, Flash) - Industry Forecast 2024-2031

Report ID: SQMIG45N2008 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Global Probe Card Market Regional Insights

Due to the presence of major semiconductor manufacturers, major suppliers of semiconductor materials, high-end equipment, and special semiconductors, mainly in Japan, Asia Pacific is expected to dominate the probe cards market during the forecast period. Moreover, South Korea has a competitive edge in global high bandwidth memory (HBM) and dynamic random-access memory (DRAM), propelling the probe cards market further. Besides that, semiconductor integration in automobiles for safety-related electronics systems, automation, electrification, digital connectivity, and security is propelling the probe cards market.

Global Probe Card Market Report Snapshots

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Probe Card Market size was valued at USD 2373.75 million in 2019 and is poised to grow from USD 2630.14 million in 2023 to USD 2630.56 million by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).

The Global Probe Card Market competitive landscape includes information provided by the competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve are all included. 'FormFactor', 'SV Probe ', 'Feinmetall', 'Advantest', 'Japan Electronic Materials Corp.', 'Micronics Japan Co., Ltd.', 'Technoprobe S.p.A.', 'Cascade Microtech, Inc.', 'MPI Corporation', 'Korea Instrument Co., Ltd.', 'Teseda Corporation', 'JEM America Corp.', 'Wentworth Laboratories Ltd.', 'Microfriend Inc.', 'Synergie Cad Probe', 'GGB Industries, Inc.', 'Microcraft K.K.', 'Cerprobe Corporation', 'Hprobe', 'Pogo Engineering Corp.'

A surge in electronic testing demand in the semiconductor industry may act as a driver in the Global Probe Card Market. The lack of consumer awareness about the benefits of the probe card solution is expected to stymie Probe Card Market growth. A rise in strategic partnership and collaboration among organisations, 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.

To meet the growing demand for compact and portable electronic products, semiconductor OEMs are constantly investing in research and development to create micro components. Furthermore, electronic component shrinkage has impacted semiconductor device manufacturers because foundries must rebuild their manufacturing facilities to ensure optimal production facilities for MEMS and 3D ICs. As a result, the demand for testing equipment is expected to rise, boosting the probe card market growth during the forecast period.

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Global Probe Card Market Size, Share, Growth Analysis, By Type(Cantilever Probe Card, MEMS Probe Card), By Application(DRAM, Flash) - Industry Forecast 2024-2031

Global Probe Card Market Regional Insights

Global Probe Card Market Report Snapshots

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