Press release
Probe Card Market to Grow at a CAGR of 26.72% to reach US$ 3,436.80 Mn Million from 2021 to 2028 | The Insight Partners
The prominent trend of digitalization has triggered the need for 5G networks across the world. According to the Economics Times issue published in May 2021, China has one of the most advanced 5G networks in the world. According to CCS Insights, China would account for more than half of all 5G users by 2022. According to the GSMA, the country is expected to dominate through 2025, and it is likely to account for 40% of the global 5G connections. Mainland China is already the world's largest smartphone market, and it also claims to have the world’s largest 4G market. Based on a 5G study published by the China Academy of Information and Communications Technology, China's aggressive investments in 5G infrastructures would be a key to its transition toward becoming the largest 5G market in the future, and India is likely to challenge it in the similar way as it did during the establishment of 2G and 4G. In China, the manufacturing of integrated chips is more comparable to other countries. Owing to the expansion of 5G networks, many countries in the world are continuously striving for the development of network infrastructure, which is bolstering the demand for advanced integrated circuit (IC) chips. The rise in adoption of 5G networks is emerging as a significant opportunity for companies in the electronics & semiconductor sector to develop advanced RF modules using system-in-package (SiP) technology for connectivity.
Probe Card Market: Key Insights
According to our latest market study on “Probe Card Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Technology, and Application,” the market is projected to reach US$ 3,436.80 million by 2028 from US$ 2,176.67 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.
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Probe Card Market: Competitive Landscape and Key Developments
FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; GGB Industries; Japan Electronic Materials Corporation; Korea Instrument Co., Ltd.; MPI Corporation; SV Probe; Technoprobe S.p.A.; and Micronics Japan Co., Ltd. are among the major companies operating in the probe card market.
In 2020, FormFactor announced the Cryogenic Probe Family for emerging computing applications.
In 2020, FormFactor, Inc. launched the SmartMatrix 3000XP probe card.
Get the Latest COVID-19 Analysis on this market at https://bit.ly/31GxBbU
The report segments the global Probe Card Market as follows:
By Type
1. Advanced probe card
2. Standard probe card
By Technology
1. MEMS
2. Cantilever
3. Vertical
By Application
1. Foundry and logic
2. DRAM
3. Flash
4. Other applications
Order a Copy of Probe Card Market Size, Share, Strategic Insights, and Forecasts 2021-2028 Research Report at https://bit.ly/3H1gtOd
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive, and Defense.
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