USD 2373.75 million
Report ID: SQMIG45N2008 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 64 | Figures: 75
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).
A probe card is a medium between an electronic test system and a semiconductor wafer that is used to inspect the quality of integrated circuits or large-scale integration during the manufacturing of semiconductors. The probe card serves as an electrical path between the test system and the circuits on the wafer, allowing the circuits to be tested and validated. With the increasing application of semi-conductors across end-users, primarily electronic and manufacturing, demand for probe cards is expected to remain robust in the forecasted period. To meet the growing demand for integrated circuits used in an increasing number of electronic devices, semiconductors are being used in a wider range of manufacturing facilities. As a result, manufacturers are focusing on expanding their production capabilities by establishing new facilities.
US Probe Card Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2373.75 million
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The Global Probe Card Market is segmented based on type, application, and region. Based on type Probe Card Market is categorized into Cantilever Probe Card, MEMS Probe Card, and Vertical Probe Card. By application Probe Card Market is segmented DRAM, Flash, Foundry & Logic, and Others. Based on region Probe Card Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Probe Card Market Analysis by Application
Due to the overall rise of the semiconductor sector, the largest segment, foundry and logic, is forecasted to grow at the fastest rate over the forecast period. Fabless companies save money by not owning such facilities, whereas the foundry model uses two strategies to avoid these expenditures. Merchant foundries, on the other hand, source work from a global pool of fabless companies and keep their factories fully operational through careful scheduling, pricing, and contracting.
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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.
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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.
Probe Card Market Top Players Company Profiles
Probe Card Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, current attempts to construct a Probe Card are centred on the peaceful coexistence of stakeholders of all sizes, promote decentralised division of power, and hasten the transition to web 3.0. The promise of the Probe Card is based on the disruption of existing technologies and the integration of multiple platforms for value creation in a virtual universe of possible applications spanning work, entertainment, financing, trade and exchange of services, virtual travel, gaming, and digital engagements in an immersive self-sustaining ecosystem powered by digital currencies and enabling edge computing.
|Market size value in 2021
|USD 2373.75 million
|Market size value in 2030
|USD 2630.56 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Probe Card Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Probe Card Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Probe Card Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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