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The probe card market size is estimated to grow at a CAGR of 9.09% between 2023 and 2028. The market size is forecast to increase by USD 1,529.22 million. The growth of the market depends on several factors, including the growing investment in fabs, the miniaturization of electronic products, and the increasing demand for IoT devices.
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Miniaturization of electronic products is the key factor driving market growth. The miniaturization process involves the manufacture of small components for electronic devices that are mechanically, optically, or electronically interconnected. In order to meet the growing demand for small and portable electronic products, Semiconductor original equipment manufacturers continue to invest in R&D to develop components. The result is that ICs with MEMS or 3D stacked are being developed.
Moreover, the miniaturization of electronic components has influenced semiconductor device manufacturers because foundries need to restructure their manufacturing facilities to ensure optimum production facilities for fabricating MEMS and 3D ICs. Thus, such factors will drive the demand for testing equipment, which, in turn, will drive the growth of the global market during the forecast period.
Growing adoption of 3D NAND is the primary trend shaping market growth. For the Internet of Things, smartphones, and autonomous cars it is possible to use 3D NAND flash drives. Several companies are developing 3D NAND chip fabs focused on these types of chips. Even though there is a need for planar NAND, the technology might reach a physical scaling limit in the future. Consequently, many foundries are turning their focus toward 3D NAND memory due to its better features compared with the present memory technology.
For instance, Samsung Electronics produces V-NAND in its semiconductor fabrication line in Pyeongtaek, South Korea. The company has substantially increased its mass production for 3D NAND due to the growing demand from the automotive and consumer electronics industries. Therefore, the growing adoption of 3D NAND will increase the demand for semiconductor companies to manufacture 3D NAND, which, in turn, will drive the growth of the market during the forecast period.
The rapid technological changes in the semiconductor industry is a challenge that affects market growth. There are very competitive industries in the field of semiconductors. The industry is characterized by a constantly and rapidly changing technology landscape, short product lifetimes, significant price loss as well as the evolution of standards. Rapid technological change is also being experienced in the semiconductor industry.
Furthermore. meeting evolving industry requirements and introducing new products to the market in a timely manner and at prices that are acceptable to customers are significant factors in determining the player's competitiveness and success. If the market players are not able to successfully develop new products, the revenue of the market in focus may decline substantially, thereby restricting the growth of the market during the forecast period.
The market share growth by the advanced probe card segment will be significant during the forecast period. Users will be able to circumvent a number of limitations related to standard probe cards through the use of advanced probe cards. Improved throughput and high position accuracy are facilitated by advanced probe cards, which allow for more current to pass through the probe.
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The advanced probe card segment showed a gradual increase in the market share of USD 1,793.06 million in 2018. The advancements in semiconductor technologies, including fin field-effect transistors (FinFET), fully depleted silicon insulators (FD-SOI), 3D ICs, lower nodes, and others, are increasing complexities in IC designs. The testing of such forms of complex circuit designs is a significant challenge for original equipment manufacturers (OEMs). This has increased the demand for advanced probe cards. Hence, such factors are expected to drive the growth of the market in focus during the forecast period.
The foundry and logic end-users include the producers of semiconductor devices such as mobile app processors, microprocessors, logic, discrete radio frequency, analog, microcontrollers, graphics processors, mixed signals, image sensors, and Opto-electricals. Taiwan Semiconductor Manufacturing, GLOBALFOUNDRIES, Samsung Electronics, United Microelectronics Corp., and Semiconductor Manufacturing International Corp. are the leading foundry companies operating across the globe. Moreover, foundries manufacture ICs from wafers. To fulfill the rising demand for ICs from end-user industries such as automotive, consumer electronics, industrial, healthcare, and others, the foundries are expanding their production facilities. These foundries have a noteworthy demand for these. Hence, these factors are expected to grow the market segment during the forecast period.
Market Analyst Overview
In the dynamic landscape of the Semiconductor Testing sector, the market stands as a cornerstone of innovation and efficiency. As the demand for Wafer Testing and Integrated Circuit (IC) Testing escalates within the Microelectronics Industry, the significance of Probe Testing Solutions becomes ever more apparent.
Probe Card Technology continues to evolve, driven by the necessity for Automated Testing and optimized Probe Card Design. High-density interconnects and meticulous attention to Contact Resistance are shaping the future of this field. The choice of Probe Needle Materials and precision in Probe Card Manufacturing are pivotal in ensuring seamless Chip Probing processes.
With a focus on enhancing Test Equipment and Test Interface Solutions, the market witnesses a surge in Advanced Packaging and IC Packaging solutions. Electrical Testing capabilities are pushed to new frontiers, supported by advancements in Semiconductor Equipment and Probe Card Innovation.
Furthermore, the integration of Test Socket and Test Contactors technologies, alongside Test Interface Boards, amplifies the efficiency of Semiconductor Test Systems. Amidst these advancements, market trends suggest a promising outlook for market growth analysis and market research and growth. Robust Market forecasting tools complement Test Engineering efforts, ensuring proactive adaptation to evolving industry landscapes.
In conclusion, the market not only serves as a vital component in semiconductor testing but also embodies the spirit of continuous innovation and adaptation essential for the industry's sustained growth.
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APAC is estimated to contribute 74% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the presence of many fabs and foundries in the region, the market in APAC is expected to record significant growth. In addition, advancements in wired and wireless technologies, the rising implementation of IoT, and the increasing use of electronics in the automotive sector have augmented the demand for ICs in the region. The noteworthy demand is for refined ICs that can handle advanced applications. Hence, these factors are increasing the need for new fabs that can manufacture ICs, which will drive the growth of the regional market during the forecast period.
The Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth and forecasting by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018 to 2028.
Probe Card Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.09% |
Market Growth 2024-2028 |
USD 1,529.22 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.46 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 74% |
Key countries |
US, Taiwan, China, Japan, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advantest Corp., Chunghwa Telecom Co. Ltd., FEINMETALL GmbH, FormFactor Inc., GGB INDUSTRIES INC., INNOTECH Corp., Japan ELECTRONIC MATERIALS CORP., Korea Instrument Co. Ltd., Micronics Japan Co. Ltd., MPI Corp., Nidec Corp., PROTEC MEMS Technology, Synergie Cad, Technoprobe S.p.A., Translarity Inc., TSE Co. Ltd., Wentworth Laboratories Ltd., and WILLTECHNOLOGY |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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