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Advanced Probe Card Market Report 2024-2033 | Share, Trends, Demand, and Overview
Advanced Probe Card Market
As per the report, the advanced probe card market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The advanced probe card market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Impact Of Semiconductor Demand On The Advanced Probe Card Market
The growth of the semiconductor industry is expected to propel the growth of the advanced probe card market going forward. The semiconductor industry refers to the sector engaged in the design, manufacturing, and sale of semiconductor devices, which are essential components in modern electronic equipment. The semiconductor industry is growing due to increasing demand for advanced electronics and technology in various sectors, including consumer electronics, automotive, and telecommunications. Advanced probe cards are essential in the semiconductor industry for enabling precise and efficient testing of semiconductor wafers, thereby ensuring the high quality and reliability of chips. For instance, in February 2023, according to the Semiconductor Industry Association, a US-based trade association, the global semiconductor industry reached a record-high annual sales of $574.1 billion in 2022, representing a 3.3% increase from the 2021 total of $555.9 billion. Therefore, the growth of the semiconductor industry will drive the growth of the advanced probe card market.
Strategic Partnerships Enhance Technological Capabilities In The Advanced Probe Card Market
Major companies operating in the advanced probe card market are adopting a strategic partnership approach to enhance technological capabilities and market reach. A strategic partnership refers to a collaborative relationship between two or more organizations where they combine their resources, expertise, and efforts to achieve common goals or objectives. For instance, in December 2022, Cohu, Inc., a US-based supplier of equipment and services optimizing semiconductors, collaborated with Chunghwa Precision Test Tech. Co., Ltd. (CHPT), a Taiwan-based provider of test interface solutions, delivers advanced probe cards and interface products to the semiconductor market. This collaboration combines Cohu's mmWave RF probe head and socket technology with CHPT's advanced substrates and load boards to create optimized, cost-effective turnkey solutions for high-frequency testing.
The advanced probe card market covered in this report is segmented -
1) By Technology: Micro-Electro-Mechanical Systems (MEMS), Cantilever, Vertical
2) By Material: Tungsten, Copper Clad Laminated, Aluminum, Other Materials
3) By Application: Foundry And Logic, Dynamic Random Access Memory (DRAM), Flash, Parametric, Other Applications
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Major companies operating in the advanced probe card market are Tokyo Electron Limited, Advantest Corporation, FormFactor Inc., TT Electronics plc, Technoprobe S.p.A., ESPEC Corporation (ESPEC Group), Micronics Japan Co. Ltd. (MJC), STAr Technologies Inc., TSE Co. Ltd., Japan Electronic Materials Corporation (JEM), Chunghwa Precision Test Tech.Co. Ltd ., Synergie Cad Probe, MPI Corporation, WinWay Technology Co. Ltd., Microfriend Inc., Korea Instrument Corporation, Nidec SV Probe Pte. Ltd., Microfabrica Inc., GGB Industries Inc., Will Technology Co. Ltd., Feinmetall GmbH, Semics Inc., Wentworth Laboratories Ltd., TIPS Messtechnik GmbH, AMST GmbH
Contents of the report:
1. Executive Summary
2. Advanced Probe Card Market Report Structure
3. Advanced Probe Card Market Trends And Strategies
4. Advanced Probe Card Market - Macro Economic Scenario
5. Advanced Probe Card Market Size And Growth
…..
27. Advanced Probe Card Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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