Press release
Probe Card Market is to grow at a 6.9 % CAGR, with the United States leading the market through 2030
Probe Card Market
The Global Probe Card Market was USD 4.16 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.9 % from 2023 to 2030, reaching USD 6.64 Bn by 2030. Probe cards, often referred to as test cards or testing probes, are specialized electrical testing instruments used in the semiconductor industry while chips or integrated circuits (ICs) are being manufactured. Power electronics and semiconductor chips are in greater demand as a result of the automobile industry, especially the electric vehicle (EV) market. Government and corporate sector investments in semiconductor production facilities, or fabs, are growing significantly. From 2022 to 2030, the North American probe card market is anticipated to expand at a compound annual growth rate (CAGR) of 10.7%, reaching an estimated $1.31 billion in value.
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Global Probe Card Market Segmentation
By Type: After dominating the market in 2023, the epoxy category is predicted to maintain its largest market share through 2030. Blade probe cards are made with probes that resemble blades and are appropriate for particular types of testing. Array probe cards are known for being effective in testing several sites at once. vertical probe cards come into vertical contact with the wafer.
By Application: The DRAM category is anticipated to continue holding the greatest market share during the forecast period, having led the probe card market in 2023. Flash memory testing continues to be a major market niche for probe cards. The market for probe cards is dominated by parametric testing, albeit precise growth rates are not disclosed.
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Global Probe Card Market Regional Analysis
The North American probe card market is expected to grow to a value of around $2.54 billion by 2025. FormFactor Inc., Micronics Japan Co., Ltd., and Advantest Corporation are some of the key players that dominate the North American Probe Card Market. It offers probe cards for sophisticated semiconductor testing and has a large U.S. presence, while having its headquarters in Japan.
APAC, the worldwide probe card market is dominated by the APAC region, which held a market share of more than 38.9% in 2023. From 2024 to 2030, the market is anticipated to expand at a compound annual growth rate (CAGR) of 7.8%. FormFactor Inc., Technoprobe S.p.A., Micronics Japan Co., Ltd., and MPI Corporation are the major key players of the Probe Card Market.
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Global Probe Card Market Competitive Landscape
FormFactor, Inc. In February 2025, FormFactor and MBK Partners invested around $60 million to acquire 20% non-controlling interest in FICT Limited. In September 2023, Camtek Ltd. agreed to pay $100 million in cash for FormFactor's FRT Metrology business, which includes its German subsidiary FRT GmbH.
Technoprobe S.p.A. in May 2024, Teradyne's DIS business was acquired by Technoprobe in a joint deal. Teradyne acquired 10 % of Technoprobe's stock. In December 2024, Technoprobe completed the merger of DIS Tech Italia Srl, into itself.
Micronics Japan Co., Ltd. announced a merger with MJC TECHNO Co., Ltd., following the merger, MJC TECHNO Co., Ltd. was dissolved after the transaction. Micronics acquired 40% stake in MJC Microelectronics Co., Ltd. from MMI Holding Co., Ltd. 60% to 100% of the subsidiary is owned by Micronics Japan.
Conclusion
Businesses with a strong regional presence, especially in APAC, that innovate and adjust to new technologies stand a good chance of benefiting from the market's growth.
The market's dynamic character and the difficulties businesses encounter from competition are further highlighted by the continuous trend of consolidation through mergers and acquisitions.
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