Probe card Market is expected to reach US$ 3,436.80 million by 2028

FORMFACTOR, INC.; MICRONICS JAPAN CO., LTD.; TECHNOPROBE S.P.A.; MPI CORPORATION; AND JAPAN ELECTRONIC MATERIALS CORPORATION - PROMINENT MARKET PARTICIPANTS IN PROBE CARD MARKET

Increase in the use of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, and continuous development and introduction of new technologies have been triggering evolution in the consumer electronics industry. NOVONOUS, in one of its reports, estimated the growth of the semiconductor industry from US$ 10.02 billion to US$ 52.58 billion from 2013 to 2020, at a CAGR of 26.72%. The rise in demand for consumer electronics is mainly credited to the emergence of smart devices and IoT, growing adoption of tablets, and surge in demand for devices with large screens. The surge in consumer electronics demand is driving the growth of the semiconductor manufacturing businesses, as consumer electronics is one of the industries that highly depend on the semiconductor industry. Changes in trends related to chip sizes and growing preference for innovative architecture in various electronic devices have boosted semiconductor demand. The elevating scale of integrated circuit (IC) chips manufacturing has led to the surge in demand for electronics testing, which is propelling the requirement of probe cards. Additionally, the introduction of advanced technologies in semiconductor manufacturing equipment, such as AI and IoT, would accelerate their adoption in fabrication facilities. Furthermore, the rising demand for silicon-based sensors for IoT devices, expanding presence of chip industries in emerging countries, and rise in the number of data centers and servers are the factors that help boost the performance of the semiconductor industry. These factors, in turn, would continue to boost the demand for probe cards in the coming years.

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A probe card is an edge between an electronic test system and semiconductor wafer. It is used to check quality of integrated circuit (IC) or large-scale integration (LSI) chips in the semiconductor manufacturing process. Particularly, the probe card is mechanically docked to a prober and electrically connected to a tester. The main function of a probe card is to provide an electrical path between the test system and the circuits on the wafer, where the circuits can be tested and validated. There are three types of tests that are performed using a probe card-DC test, AC test, and function test. Additionally, with the need of advanced ICs in 5G networks, IoT, electric vehicles, smart cities, and automobiles, among others, the demand for probe card is increasing. Further, the growing penetration of consumer electronics and flourishing automotive sector are propelling the manufacturing of IC chips, thereby driving the probe card market growth. However, frequent testing failures of probe cards can hamper IC chip manufacturing, which may restrain the growth of the probe card market. Moreover, the COVID-19 outbreak has disrupted supply chains due to the imposition of lockdowns in several countries. However, increased demand for consumer electronics during the pandemic has fueled the demand for semiconductors, thus supporting the probe card market growth.

Key Findings of Study:
The Probe card market is segmented on the basis of type, technology, application, and geography. Based on type, the market is segmented into advanced probe card and standard probe card. In 2020, advanced probe card segment accounted for a larger market share. In terms of technology, the market is segmented into MEMS, cantilever, and vertical. In 2020, the MEMS segment accounted for the largest share in the market. Based on application, the market is segmented into foundry and logic, DRAM, flash, and other applications. In 2020, the foundry and logic segment accounted for the largest market share. In terms of geography, the global Probe card market is broadly segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the Worlds (RoW). In 2020, APAC accounted for a significant share in the market. Significant strategic initiatives are being taken by several market players to perform well in all aspects. For instance, in April 2020, FormFactor, Inc. launched SmartMatrix 3000XP probe card.

The overall 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 probe card market with respect to all the segments. 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 probe card market.

The IC manufacturers are incorporating 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 claimed to exhibit 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, the modern semiconductor packaging technologies help manufacturers offer advanced electronic devices that are in line with the trends related to digitalization and the IoT. 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 manufacturers to bring further improvements in the semiconductor packaging technology. Thus, these advanced packaging technologies would boost the demand for advanced integrated circuit (IC) chips, thereby driving the demand for probe cards for their testing.

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