With 6.5% CAGR, Probe Card Market Size worth USD 3107 Million by 2028 | Vantage Market Research
Vantage Market Research
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WASHINGTON, May 27, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Probe Card Market finds that downsizing of electrical products utilized in various devices as well as increasing investments from major players engaged in the market, are factors that influencing the growth of Probe Card Market. Additionally, increase in demand for wearables, smartphones, and the Internet of Things (IoT) across the globe is further propelling the market growth.
The total Global Probe Card Market is estimated to reach USD 3,107 Million by the year 2028 and the Market is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.5%, states Vantage Market Research, in a report, titled “Probe Card Market Size, Share & Trends Analysis Report by Type (Cantilever Probe Card, MEMS Probe Card, Vertical Probe Card), by Application (DRAM, Flash Foundry & Logic, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”. The Global Probe Card Market value stood at USD 2,129.4 Million in the year 2021.
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Market Dynamics:
Drivers:
Miniaturization of Electronic Products
In this modern world, the use of electrical products or machines has witnessed revolutionary effects. Along with the increasing population across the globe, the demand for wearables and smartphones is increasing. Additionally, space occupied by such products also plays a major role in the adoption. Hence, to grasp the opportunity and meet the surging demand for compact and portable electronic products, semiconductor OEMs are constantly working to improve the technology as well as downsizing electrical products for better performance of the product. The investment in Research and Development (R&D) to develop micro components by these players is increasing rapidly. For instance, MEMS and 3D stacked ICs are results of this. Thus, increasing investments and demand is anticipated to drive the market growth over the forecast period.
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Probe Card market is predicted to grow at a CAGR of roughly 6.5% during the forecast period.
The Probe Card market was estimated to be worth roughly USD 2,129.4 Billion in 2021 and is expected to reach USD 3,107 Billion by 2028; based on primary research.
On the basis of region, Asia Pacific projected to dominate the worldwide Probe Card market.
With the advent of 4G and 5G, the data consumption rate has gone up to a great extent. This is true across the globe. Most of the governments around are focusing on strengthening their digital infrastructure and putting efforts into improving their network of fiber broadband. The communication industry is increasingly using semiconductor lasers as they are small in size and can be modulated easily. In an optical fiber communication system, the bandwidth of the fiber is typically several terahertz. Thus, by multiplexing the conversations with a suitable optical carrier signal, more than one billion conversations can be sent over a single optical fiber.
Moreover, favorable government polices to expand and improve the network backbone, broadband infrastructure, and expand the network of optical fiber to offer high speed data are flourishing the growth of the market. Today, numerous private players and ISPs have jumped to grab the lucrative opportunity and increase their overall market share. Japan, China, South Korea, and India are some of the key countries in the region that have a rapidly developing communication industry.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the electronics industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
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The Report on Probe Card Market Highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
Regional Analysis:
Asia Pacific Holds Maximum Market Share
Asia Pacific is expected to dominate the growth of Probe Card Market in 2021. The major driving factors for the market are presence of major players in the region, investments by key manufacturers, and presence of large base of population in region. Additionally, increasing production of integrated circuit in Taiwan, South Korea, Japan, and China is anticipated to further propel the market growth.
List of Prominent Players in the Probe Card Market:
Form Factor
MPI
SV Probe
Micro friend
Korea Instrument
Fein metall
Advantest
Will Technology
Japan Electronic Materials
TSE
Browse market data Tables and Figures spread through 150 Pages and in-depth TOC on "Probe Card Market Size, Share & Trends Analysis Report by Type (Cantilever Probe Card, MEMS Probe Card, Vertical Probe Card), by Application (DRAM, Flash Foundry & Logic, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/probe-card-market-558396
Recent Developments:
December 2021: Form Factor started a new manufacturing facility for semiconductor wafer probe card production in California.
April 2021: FEINMETALL GmbH introduced a new wafer probe card with a spring contact probe as a contact element. The company has launched the product because of its unique features for contacting chips and probe independently spring-loaded and have a special tip style.
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Probe Card Market?
How will the Probe Card Market change in the upcoming six years?
Which application and product will take a lion’s share of the Probe Card Market?
What is the Probe Card market drivers and restrictions?
What will be the CAGR and size of the Probe Card Market throughout the forecast period?
This market titled “Probe Card Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
• North America • Europe • Asia Pacific • Latin America • Middle East & Africa
Region & Counties Covered
• North America
• U.S. • Canada • Mexico
• Europe
• U.K • France • Germany • Italy • Spain • Rest Of Europe
• Asia Pacific
• China • Japan • India • South Korea • South East Asia • Rest Of Asia Pacific
• Latin America
• Brazil • Argentina • Rest Of Latin America
• Middle East & Africa
• GCC Countries • South Africa • Rest Of Middle East & Africa
Companies Covered
• Form Factor
• MPI
• SV Probe
• Microfriend
• Korea Instrument
• Feinmetall
• Advantest
• Will Technology
• Japan Electronic Materials
• TSE
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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