Global Probe Card Market Size, Share, Growth Analysis, By Type(Cantilever Probe Card, MEMS Probe Card), By Application(DRAM, Flash) - Industry Forecast 2022-2028

Global 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).

The global probe card market is expected to grow due to the increasing demand for semiconductor chips in various industries such as automotive, healthcare, and telecommunications. Probe cards are essential for testing and measuring the electrical performance of semiconductor devices. Factors such as the emergence of new technologies and the need for miniaturization of electronic devices are expected to drive the growth of the market. However, high costs associated with probe card manufacturing and testing could hinder market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of Probe Card market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

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.

Driver

The Global Probe Card Market could potentially benefit from the increased demand for electronic testing in the semiconductor industry. However, the market growth may be hindered by the lack of consumer understanding regarding the advantages of the probe card solution. Despite this challenge, opportunities for the market may arise from an increase in strategic partnerships and collaborations between organizations. Nonetheless, the high cost associated with the probe card solution may pose limitations on the market's growth.

Restrain

The Probe Card Market's growth is hindered by the rising need for complex electronic circuitry and the frequent technological advancements in consumer electronics. This is due to the laborious and time-consuming nature of the manufacturing process, as well as the requirement for manufacturers to upgrade their existing production facilities. To summarize, these factors pose a significant obstacle to the expansion of the Probe Card Market.

Trend

In order to keep up with the increasing demand for electronic products that are both portable and compact, semiconductor OEMs are continually investing in research and development to produce micro components. This trend towards miniaturization has also had an impact on semiconductor device manufacturers, as foundries must upgrade their manufacturing facilities to accommodate the production of MEMS and 3D ICs. As a result, it is expected that the demand for testing equipment will increase, leading to a growth in the probe card market during the forecast period.