Market Research Report
Asia Pacific Probe Card Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Technology, and Application
|Asia Pacific Probe Card Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Technology, and Application|
Published: August 6, 2021
The Insight Partners
Content info: 111 Pages
Delivery time: 1-2 business days
The probe card market in APAC is expected to grow from US$ 1,478.20 million in 2021 to US$ 2,401.40 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.
The IC manufacturers incorporate newer chip-packaging options such as 2.5D ICs and 3D ICs into their production processes for attaining high performance at low costs. These advanced packaging technologies are in their initial phase and are boasting greater chip connectivity and lower power consumption over the traditional packaging configurations. With the adoption of advanced packaging technologies, the demand for semiconductor equipment is likely to rise in the future. Additionally, in the era of digitalization and the internet of things (IoT), semiconductor packaging technology helps offer advanced electronic devices for consumers. Further, consumer inclination toward smartwatches and IoT devices would boost the demand for probe cards. Smart wearables with new features such as health monitoring, activity monitoring, and internet connectivity are gaining high traction, which is encouraging the manufacturers to bring further improvements in the semiconductor packaging technology. These advanced packaging technologies will boost the demand for advanced integrated circuit (IC) chips, thereby fueling the need for probe cards for their testing.
Based on technology, A Micro-electromechanical system (MEMS) is a technology consisting of electronic, mechanical, and wireless communication components typically accommodated on a single silicon chip or integrated circuit. Using MEMS technology, various electronic, mechanical, and electrical devices can be designed through microfabrication. MEMSs are used in a wide range of sensors, actuators, generators, energy sources, biochemical and biomedical systems, and oscillators. There are several companies offering probe cards based on MEMS technology.
The COVID-19 outbreak that emerged in China has affected several neighboring countries such as India, South Korea, and Japan. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown. However, the industry is expected to recover by enhancing its production capabilities in the second half of the year 2021. The imposition of a ban on commercial activities has disrupted the industrial supply chains in Asia Pacific, leading to raw material shortages. Further, the demand for advanced electronics such as smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is increasing the defense expenditure of countries such as China and India, which is likely to provide growth opportunities to the market due to more uses of IC chips. Moreover, companies in Asia Pacific have restructured their capabilities by adopting various strategies such as product enhancements, partnerships, and acquisitions.
The overall APAC probe card market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the APAC probe card market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC probe card market. FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; Japan Electronic Materials Corporation; Korea Instrument Co., Ltd.; Micronics Japan Co., Ltd.; MPI Corporation; SV Probe; and Technoprobe S.p.A. are among the key players operating in the market.