Probe Card Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

The probe card market share is expected to increase by USD 1.10 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.82%.

This probe card market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers probe card market segmentation by end-user (advanced probe card and standard probe card), product (foundry and logic and memory device), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The probe card market report also offers information on several market vendors, including Advantest Corp., Chunghwa Telecom Co Ltd, FEINMETALL GmbH, FormFactor Inc., GGB INDUSTRIES INC, INNOTECH Corp., JAPAN ELECTRONIC MATERIALS COR., Microfriend Inc., MICRONICS JAPAN CO LTD, MPI Corp., Nidec Corp., Synerrgic CAD Group, Technoprobe Spa, Translarity Inc, TSE Co., Ltd., Wentworth Laboratories Inc, WILL Technology Co Ltd, and Korea Instrument Co Ltd among others.

What will the Probe Card Market Size be During the Forecast Period?

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Probe Card Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing investment in fabs is notably driving the probe card market growth, although factors such as rapid technological changes in the semiconductor industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the probe card industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Probe Card Market Driver

One of the key factors driving the probe card market growth is the growing investment in fabs. Semiconductor manufacturers are expanding their fab facilities to cater to the growing demand for ICs that the rising number of electronic devices are using. The demand for ICs is increasing because of the integration of advanced technologies such as human-machine interface technologies in electronic devices. This is resulting in the design complexity of ICs, driving the demand for advanced probe cards. Moreover, the construction of new fabs indicates the rise in demand for wafer testing and probe cards during the manufacturing of such ICs. For instance, in December 2020, Huawei completed the construction of its semiconductor chip factory in China. The plant is situated in an area covering 208,900 sq. mt. In May 2020, Samsung started the construction of a new fab plant for 3D NAND in China, which will be used for the mass production of 3D NAND from H2 2021. In January 2018, Taiwan Semiconductor Manufacturing held a ceremony for its Fab 18 Phase 1 production facility. The fab started to produce chips using TSMC s 5 nm process in Q1 of 2020.

Key Probe Card Market Trend

The growing adoption of 3D NAND is the major trend influencing the probe card market growth. 3D NAND dominated solid-state drives in 2019 since suppliers are planning to reduce the shipment of 2D NAND and planar NAND. 3D NAND flash drives can be used for IoT, smartphones, and autonomous cars. In 2017, Taiwan Semiconductor Manufacturing allied with Foxconn to bid on the NAND Flash memory business unit of Toshiba Corp. TSMC is trying to gain a foothold in the memory segment through this bid. Even though there is a need for planar NAND, the technology might reach a physical scaling limit in the future. Therefore, many foundries are turning their focus toward 3D NAND memory due to its better features compared with the present memory technology. 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 rising adoption of 3D NAND will increase the demand for semiconductor foundries to manufacture 3D NAND.

Key Probe Card Market Challenge

Rapid technological changes in the semiconductor industry are one of the key challenges hindering the probe card market growth. The semiconductor industry is highly competitive. A constant and rapid technological change, short product lifecycles, significant price erosion, and evolving standards characterize the industry. The semiconductor industry continues to experience rapid technological changes. This is primarily because of the growing complexities of ICs that are shrinking in size, with improved speed and functionality. Technological advances such as transition toward larger wafer size, developing lower technology nodes such as 10-nm and 7-nm, and development in MEMS are increasing design complexities in ICs. Therefore, probe card vendors face challenges in developing advanced products that can effectively identify functional defects in wafers. Meeting evolving industry requirements and introducing new products to the market promptly and at prices that are acceptable to customers are significant factors in determining the vendor s competitiveness and success. If the vendors are not able to successfully develop new products, the market revenue may decline substantially.

This probe card market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global probe card market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the probe card market during the forecast period.

Who are the Major Probe Card Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Advantest Corp.
• Chunghwa Telecom Co Ltd
• FEINMETALL GmbH
• FormFactor Inc.
• GGB INDUSTRIES INC
• INNOTECH Corp.
• JAPAN ELECTRONIC MATERIALS COR.
• Microfriend Inc.
• MICRONICS JAPAN CO LTD
• MPI Corp.
• Nidec Corp.
• Synergic CAD Group
• Technoprobe Spa
• Translarity Inc
• TSE Co., Ltd.
• Wentworth Laboratories Inc
• WILL Technology Co Ltd
• Korea Instrument Co Ltd

This statistical study of the probe card market encompasses successful business strategies deployed by the key vendors. The probe card market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• FEINMETALL GmbH - The company offers a range of probe cards such as VIPROBE PROBE CARDS, MYPROBE PROBE CARDS, FEINPROBE PROBE CARDS, CIPROBE PROBE CARDS, and CANTILEVER PROBE CARDS.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The probe card market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Probe Card Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the probe card market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Probe Card Market?

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74% of the market's growth will originate from APAC during the forecast period. South Korea (Republic of Korea), Japan, and China are the key markets for probe cards in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of many fabs and foundries will facilitate the probe card market growth in APAC over the forecast period. Advances in wired and wireless technologies, the growing implementation of IoT, and the increasing use of electronics in the automotive sector have augmented the demand for ICs in the region. The significant demand is for sophisticated ICs that can handle advanced applications. These factors are increasing the need for new fabs that can manufacture ICs. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 pandemic affected the growth of the market in focus as there had been a decrease in the demand for probe cards from end-users such as foundry and logic end-users and memory device manufacturers. These end-users further offer their final products to the industries such as automotive, consumer electronics, healthcare, and others. During Q1 2020, China witnessed a more than 40% decline in automotive sales over the sales in Q1 2019. This affected the usual demand for semiconductor devices that are integrated with probe cards from the automotive industry, thus negatively impacting market growth in the region. Furthermore, the outbreak of COVID-19 affected the growth of vendors and downstream players such as Fujitsu Semiconductor and Samsung Electronics, owing to economic downturns and supply chain disruptions. This affected the growth of the probe card market in the region in 2020. However, the economic recovery of many countries from the COVID-19-induced crisis and the reopening of several manufacturing facilities are anticipated to propel the growth of the regional market in focus during the forecast period.

What are the Revenue-generating End-user Segments in the Probe Card Market?

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The probe card market share growth by the advanced probe card will be significant during the forecast period. Advanced probe cards allow users to overcome several limitations associated with standard probe cards pose. The demand for advanced probe cards will increase with the rise in the design complexity of ICs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the probe card market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Probe Card Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive probe card market growth during the next five years
• Precise estimation of the probe card market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the probe card industry across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of probe card market vendors

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