Probe card Market is expected to reach US$ 3,436.80 million by 2028

Introduction of Smart Electronics to Drive Probe Card Market During 2021–2028

According to our latest market report on “Probe Card Market Forecast to 2028 – Global Analysis – by Type, Technology, and Application,” probe card market size is projected to reach US$ 3,436.80 million by 2028 from US$ 2,059.80 million in 2020; it is expected to witness healthy market growth of 6.7% CAGR during 2021–2028.

Due to new and improved technological inputs, the probe card market has expanded in popularity. The shrinking of electrical items used in various devices is one of the key reasons driving the probe card industry growth. New devices in all shapes and sizes are constantly being invented, necessitating the creation of electrical testing to handle the new gadgets. As a result, the probe card market's growth has sped up. It is even employed to provide an electrical channel between the test system and the circuits, allowing for circuit verification and validation. The increase in demand for wearables, smartphones, and the Internet of Things is directly linked to the growth of the market. Furthermore, in the probe card market, new and sophisticated technology is fueling market growth. Manufacturing factories producing probing cards have also increased their investments to stay ahead of the competition and avoid falling behind. These facilities must keep up with the growing demand for electrical goods. Furthermore, the semiconductor industry is focusing on the creation of integrated circuits (ICs) to allow advanced technologies, which, in turn, will boost the probe card market growth.

North America is one of the technologically advanced regions, with the presence of major economies such as the US, Canada, and Mexico. With the high adoption of consumer electronic devices, the consumer electronics industry is blooming in the region. As for testing of these devices, probe card is required. Additionally, the rising adoption of 5G networks is creating a strong opportunity for market players to develop advanced RF modules using system-in-package technology for connectivity. According to Ericsson’s mobility report, the share of 5G network in the North American market is expected to grow from 4% in 2020 to 80% by 2026, while the rest 20% would be held by the 4G technology. This highlights the opportunities for electronic companies to develop new electronics devices comprising ICs packed with probe card to meet the evolving performance requirements.

Based on probe card market report, the market is segmented into type, technology, application, and geography. Based on type, the market is segmented into advanced probe card and standard probe card. On the basis of technology, the market is segmented into MEMS, cantilever, and vertical. By application, the probe card market is segmented into foundry and logic, DRAM, flash, and others. The geographic analysis is conducted based on regions such as North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

According to the market analysis, FEINMETALL GmbH; FormFactor; Fujitsu; GGB Industries; Japan Electronic Materials Corporation; Korea Instrument Co.,Ltd.; Micronics Japan Co., Ltd.; MPI Corporation; SV Probe; and Technoprobe S.p.A are a few key players operating in the probe card market. In addition, several other important probe card market players are studied and analyzed in the probe card market report to get a holistic view of the global & regional probe card market share and its ecosystem.

Probe Card Market Share – by Region

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Probe Card Market Size, Share & Global Analysis by 2028

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Probe Card Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Advanced Probe Card and Standard Probe Card), Technology (MEMS, Cantilever, and Vertical), and Application (Foundry and Logic, DRAM, Flash, and Other Applications)