Probe Card Market Size was valued at USD 2.6 Billion in 2022. The Probe Card market industry is projected to grow from USD 2.78 Billion in 2023 to USD 4.70 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024 - 2032). Electronics product miniaturization and the increasing use of 3D NAND are the key market drivers accelerating market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for probe card is being driven by the product miniaturization in electronics. Electronic test equipment and a semiconductor wafer are connected via a probe card. The probe card is mechanically attached to a probe and electrically connected to a tester. Its objective is to establish an electrical connection between the test apparatus and the wafer's circuits, enabling circuit validation and testing at the wafer level prior to the wafers being chopped and packaged. It is composed of a printed circuit board (PCB) and contact elements, which can be manufactured of various materials in addition to metal.
Additionally, production of tiny, mechanically, optically, or electrically coupled electronic component parts is a step in the miniaturization process. Semiconductor original equipment manufacturers (OEMs) are investing in research and development (R&D) to build components in response to the increasing demand for tiny and portable electronic products. This leads to the development of integrated circuits with MEMS or 3D stacking. In addition, the requirement for foundries to reorganize their manufacturing sites in order to guarantee the best possible production facilities for fabricating MEMS and 3D ICs has had an impact on semiconductor device manufacturers due to the miniaturization of electronic components. Accordingly, during the forecast period, these factors will fuel the demand for testing equipment, which will fuel the expansion of the worldwide probe card market.
3D NAND flash drives can be used for the Internet of Things, cellphones, and driverless vehicles. These kinds of chips are the focus of several firms' development of 3D NAND chip fabs. Planar NAND is still required, but there may come a time when technology can no longer scale physically. Due to its superior characteristics over current memory technology, 3D NAND memory is attracting the attention of numerous foundries. In the semiconductor industry, there are several fiercely competitive industries. The technical landscape in this market is evolving quickly, leading to short product lives, severe price losses, and standardization. The semiconductor sector is likewise going through a rapid technological transition.
For instance, at its semiconductor fabrication unit in Pyeongtaek, South Korea, Samsung Electronics manufactures V-NAND. Because of the increasing demand from the automotive and consumer electronics industries, the business has significantly increased its mass manufacturing of 3D NAND. Consequently, the increasing use of 3D NAND will raise the need for semiconductor manufacturers to produce it, which will fuel the market's expansion over the course of the projected period. Thus, result in driving the Probe Card market revenue.
The Probe Card Market segmentation, based on type includes Cantilever Probe Card, MEMS Probe Card, and Vertical Probe Card. The MEMS probe card segment dominated the market. Logic probe cards (MEMS-SP) are used to examine fine pitch bump wafers and flip chips for microprocessors and SoC devices. With minimal variation, MEMS-SP enables testing that is incredibly accurate and reproducible. Thanks to MEMS technology, it is feasible to make micron-level contact with power connections and |/0s on ICs.
The Probe Card Market segmentation, based on application, includes DRAM, Flash, Foundry & Logic, and Others. The foundry & logic category generated the most income. The foundry model employs two strategies to lower these expenses, whereas enterprises that do not have such facilities save money. Conversely, merchant foundries source their work from a worldwide network of fables companies and maintain plant operations by meticulous contracting, pricing, and scheduling.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Probe Card market area will dominate this market, because to growing funding for R&D, the need for specially made semiconductors for electronic gadgets, and advantageous public policies.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Probe Card market has the second-largest portion of the market due to the increasing use of Integrated Circuits in Electronic Devices. Further, the German Probe Card market maintained the most market share, and the UK Probe Card market was the European market with the quickest rate of growth.
The Asia-Pacific Probe Card Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to the existence of significant semiconductor makers, significant semiconductor material suppliers, upscale machinery, and specialized semiconductors, mostly in Japan. Moreover, China’s Probe Card market maintained the most market share, and the Indian Probe Card market was the Asia-Pacific region's fastest-growing market.
Probe Card Key Market Players & Competitive Insights
Leading market players are putting a lot of money on R&D to enhance their product lines, which would propel the probe card market's growth. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Probe Card industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to manufacture locally in order to reduce operating expenses in the global Probe Card industry to help customers and expand the market segment. In recent years, the Probe Card industry has provided some of the biggest benefits to medicine. Major players in the Probe Card market, including Japan Electronic Materials, TSE., SV Probe, FormFactor, Microfriend, Advantest, Korea Instrument, Feinmetall, MPI., and others, are engaging in research and development activities in an effort to boost market demand.
MPI Corporation, a worldwide leader in technology, was established in 1995 and has its headquarters in Hsinchu, Taiwan. It specializes in testing semiconductors, LEDs, photo detectors, lasers, materials research, aerospace, automotive, fiber optics, electronic components, and more. The Advanced Semiconductor Test, Thermal Test, Photonics Automation, Probe Card, and Celadon Systems are the five primary business categories of MPI. In 2023, The new soluble wax-melter from MPI is exclusive to the sector. This is the first melter made especially to melt soluble wax into a container. Due to soluble wax's special qualities, there hasn't yet been a productive method for making soluble wax in a conventional melter.
FormFactor Inc. produces semiconductor goods (FormFactor). From modeling, characterisation, reliability and design debugging, to production testing and qualification, key test and measurement methods are provided. The company also offers high-performance probe cards, probe stations, thermal systems, cryogenic systems, metrology systems, and a variety of analytical probes. FormFactor systems provide electrical and physical data from a variety of semiconductor, electro-optical, and integrated circuit components, from early research and development through high-volume manufacture. In 2020, Cryogenic Probe Family was introduced by FormFactor for nascent computing applications.
May 2022: Advantest Corporation, a top supplier of semiconductor test equipment, and Synopsys, Inc. established a cooperative partnership to allow Advantest's brand-new ACS Nexus solution to give real-time data analytics in SiliconDash.
December 2021: Form Factor built a new manufacturing plant in California to produce wafer probe cards for semiconductors. To increase the ability to produce probe cards, an attempt was made.
April 2021: FEINMETALL GmbH introduced a novel wafer probe card. The product's unique ability to work with independently spring-loaded chips and probes with a certain tip type is why the company released it.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.6 Billion |
| Market Size 2023 | USD 2.78 Billion |
| Market Size 2032 | USD 4.70 Billion |
| Compound Annual Growth Rate (CAGR) | 6.80% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., The Coca-Cola Company, PepsiCo Inc., Atkins Nutritionals Inc., and Brunswick Corporation |
| Key Market Opportunities | · Electronic product miniaturization is the primary driver of market expansion. |
| Key Market Dynamics | · Growing 3D NAND adoption is the main trend driving market expansion. |
Frequently Asked Questions (FAQ) :
In 2022, the size of the worldwide probe card market was estimated to be USD 2.6 billion.
From 2024 to 2032, the global market is expected to expand at a compound annual growth rate (CAGR) of 6.80%.
North America held the most market share worldwide.
Japan Electronic Materials, TSE, SV Probe, FormFactor, Microfriend, Advantest, Korea Instrument, and Feinmetall are the leading companies in the market.
In 2022, the MEMS Probe Card ruled the market.
In the global market, Foundry Logic held the biggest share.
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Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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