Probe Card Market Size Worth $3.8 Billion By 2030: IndustryARC

Probe Card Market size is predicted to reach $3.8 billion by 2030, growing at a CAGR of 6.8% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC.  A probe card is an interface used to conduct a wafer test on a semiconductor wafer. In the first stage of semiconductor production, this procedure is used to evaluate the quality of integrated circuits or latent semantic indexing, The market for probe cards is probably driven by an increase in the demand for electronic testing in the semiconductor industry. propelling the Probe Card Market growth. finds IndustryARC in its recent report, titled Probe Card Market– By Probe Type (Advanced Probe Card, Standard Probe Card), By Technology Type (MEMS, Vertical, Cantilever, Speciality), By Test (DC Test, Functional Test, AC Test), By Material (Tungstun, Copper Clad Laminated, Aluminium, Others), By Application (Foundry, Parametric, Logic and Memory Device, DRAM, CMOS Image Sensor, Flash, Others) By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030

Additionally, the global market for probe cards is predicted to benefit from an increase in strategic partnerships and organisational collaboration. The leading manufacturer of semiconductor test probe cards, STAR Technologies Inc., announced in June 2022 that it had teamed up with one of the global top manufacturing facilities to successfully develop fine-pitch MEMS pre-bump probe cards for pre-bumped wafer testing and reliability validation. These probe cards, whose probe heads are made on the same PCBs and space transformers as bumped test probe cards, help to further reduce the price of pre-bumped wafer sorting. In order to fulfil the growing demand for chips around the world, this technique enables a quicker transition from early-stage process technology yield ramp to high-volume manufacture. These factors positively influence the probe card industry outlook during the forecast period.

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Asia Pacific to Register Highest Growth:

The Probe Card industry in this region is expanding owing to the rise in demand for Technological advances in semiconductor technology and the development of new technologies like 5G, the Internet of Things, and artificial intelligence. Additionally, APAC is home to many developed economies that has a strong presence of major manufacturers who continuously invests in new and innovative product launches and developments that are the major factors propelling the market growth in this region.

For instance, the growing popularity of EVs in Asia has prompted manufacturers to create IGBT semiconductors that support EV applications. For instance, in July 2021, ROHM released hybrid IGBTs in the RGWxx65C series (RGW60TS65CHR, RGW80TS65CHR, and RGW00TS65CHR) that had integrated 650V SiC Schottky barrier diodes. They are designed for use in high-power industrial and automotive applications such as solar power conditioners, onboard chargers, and DC/DC converters in electric and electrified cars (xEV). The RGWxx65C series utilises low-loss SiC Schottky barrier diodes from ROHM as freewheeling diodes with essentially no recovery energy and, as a result, zero diode switching loss in the IGBT’s feedback block.

Probe Card Market 2023-2030: Segmentation

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Probe Card Market Report – Key Takeaways:

DRAM Segment is the Fastest Growth of the Market

The category for DRAM is expected to fastest growing at the highest CAGR throughout the forecast period and had a significant share of the market in 2022. The growth of data centres, as well as our growing reliance on big data, IoT, industrial and consumer electronics, and ICT infrastructure, are the main driving forces behind the production of DRAM. Rising demands for gaming and educational notebooks, as well as continuing low- and mid-end 5G smartphone launches, are some of the factors driving the short-term demand for DRAM. Such unique products drive the demand for DRAM during the forecast period.  Additionally, Samsung announced the arrival of LPDDR5X DRAM chips for smartphones and other gadgets in November 2021. The company’s portfolio of high-performance DRAM chips may benefit from the launch in terms of efficiency and performance. The new LPDDR5X DRAM, according to the manufacturer, would have processing rates that were 1.3 times quicker while using over 20% less power than the previous LPDDR5 standard.

CMOS Image Sensor to Register Highest Growth

The category for CMOS Image Sensor is expected to grow at the highest growth CAGR throughout the forecast period and had a significant share of the market in 2022. The rising demand for smartphones is the main factor behind the growth of the globally CMOS image sensors market. The consumer electronics sector has benefited from the increased use of smartphone cameras with image sensors. The rising popularity of mobile photography has made it a key factor for smartphone manufacturers when deciding whether to use natural image sensors.

Moreover, Statistics from the United Nations Regional Commission the South America rise by 0.6% in 2023, Central America and Mexico will grow by 2.0%, and the Caribbean will grow by 3.5%, down from 5.8% in 2022. The total expansion has greatly increased demand for a variety of goods using CMOS sensors, such as smartphones and cameras. The market for Probe cards is anticipated to be driven by such innovations.

North America is Leading the Market

North American region held a major market share of 40.2% in 2022. The market for Probe Card globally includes an important part of the North American probe card market The 5G network in the US is among the most sophisticated in the world. As the world’s largest 4G market, the US already has the greatest smartphone market in the region. A number of nations in the region are actively working to build out their network infrastructure as a result of the expansion of 5G networks, which is boosting demand for cutting-edge integrated circuit (IC) chips. System-in-package (SiP) technology is being used to create improved RF modules, and the surge in 5G network adoption is presenting a sizable opportunity for businesses in the electronics and semiconductor industry. The desirable infrastructure that supports high-speed internet connections makes North America one of the leading regions in the adoption of smart or IoT-based products. Growth in the industry has been fueled by the implementation of 5G networks. The market was able to restart growing as long as the demand for electronics remained steady. For example, a key producer of microprocessors, Qualcomm Inc., estimated in December 2020 that the increased deployment of 5G networks will result in a doubling of the number of 5G smartphone shipments in 2022.

Additionally, according to the mobility research from Ericsson, the market share of 5G networks in North America is going to increase from 4% in 2020 to 80% by 2026, with the remaining 20% held by 4G technology. In order to fulfil the changing performance requirements, this emphasises the prospects for electronic enterprises to produce new electronics devices equipped with cutting-edge IC chips. For the testing of sophisticated ICs, these improvements are driving a demand for improved probe cards.

Probe Cards Technology Is Growing Popular in the Automotive industry opportunities.

 In addition to the growing complexity and miniaturisation of automotive electronics, the demand for strict quality assurance and dependability, cost effectiveness, and the industry’s transition to electric and autonomous vehicles, probe cards are becoming more and more popular in the automotive sector. The importance of probe cards in assuring the dependability and quality of semiconductor components will probably keep expanding as long as the automobile industry continues to make technological advancements. Additionally, the increasing use of semiconductors in new technologies like autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things is another reason pushing the market for probe cards. Top competitors are also concentrating on a number of marketing strategies like mergers and acquisitions and collaborations to maintain their competitive edge in the business. For instance, Nidec Corporation bought SV Probe Pte. Ltd. to increase its sales reach and level the playing field for itself globally.

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Key Opportunity Analysis:

The market is experiencing an increase in strategic partnerships and collaborations.

Key potential in the probing card sector is in fact presented by growing partnerships and collaborations. Probe cards are crucial instruments for semiconductor testing, and as the semiconductor industry develops and expands, there is a growing need for advanced and specialised probe cards industry.  In order to supply cutting-edge probe cards and interface products to the semiconductor test market, Cohu, Inc., a leading provider of services and products that increase productivity and yield in the semiconductor manufacturing industry, and Chunghwa Precision Test Tech. Co., Ltd., a well-known supplier of test interface solutions, announced a strategic partnership in December 2022. Additionally, a glasgow, Scotland-based manufacturer of automated test equipment (ATE) probe cards, Probe Test Solutions, has received a USD 30 million investment from Tikehau Capital, a Paris-based asset management firm. The funds raised were used to support the company’s global expansion. With this investment, Tikehau Capital will provide operational support to Probe Test Solutions (PTSL) to speed its international expansion, including the appropriate acquisitions as part of the ongoing consolidation of the semiconductor industry. To find ATE ecosystem firms with comparable technology and competences, Probe Test Solutions continuously tracked the market and its competitors, such growing developments boosts the Probe Card market growth.

Rising Demand for Testers from Local Manufacturers of Smartphone Chipsets to Facilitate Trade Opportunities

A Number business opportunities in the electronics sector owing to the local smartphone chipset makers’ growing demand for testers. The effectiveness and quality of semiconductor chips are vitally dependent on testers. A growing middle class in emerging nations, increased connectivity, and technical improvements all contribute to the global demand for smartphones. The increase in smartphone production has a direct impact on the demand for semiconductor chipsets, which in turn influences the need for testing tools and Many nations are working to build or increase their local production capacity for semiconductors. In order to enable investments as the electronics manufacturing and skill hub to meet domestic demand and exports, the Uttar Pradesh government and the India Cellular and Electronics Association inked a memorandum of agreement in February 2023. By 2025–2026, the government wants to see US$ 300 billion worth of electronics manufactured, of which US$ 75–100 billion is estimated to come from UP.

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The Report also Covers the Following Areas:

• Probe Card Market Size and Forecast
• Probe Card Market Trends
• Probe Card Market Analysis by Product Type
•  

Probe Card Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Probe Card Market size estimation and forecast
• Analysis and predictions on end users’ behaviour and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Probe Card Market
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Covid and Ukrainian Crisis Impact:

• Due to the global economic crisis caused by the Covid pandemic, Additionally, the pandemic impacted the way individuals looked about the global supply chain in industry, bringing into play more regionalization and locally based value chains. These mostly served to lower future pandemic risks that might be similar. On the other hand, the consumer market showed an optimistic future and gained major assistance from radio-frequency (RF) MEMS as a result of the spread of the sub-6 GHz band and the expansion of 5G. However, the market for smartphones is in line with decreasing consumer spending. For instance, Apple reportedly observed an 8% reduction in sales, going from 44.5 million devices sold in the first quarter of 2019 to almost 40.1 million in the first quarter of 2020. The lockdown imposed by the government during the pandemic suspended activities severely which negatively impacted the Probe Card Market.
• The conflict with Russia and Ukraine has had a big effect on a lot of various industries and as the crisis and the state of the world economy change, are also the effects on the semiconductor industry, including probe cards. Moreover, According to AspenCore, Inc., the 2022 Russian invasion of Ukraine is creating to result in a shortage of industrial neon, which have a detrimental effect on the market for probe cards and the production of semiconductors. The last time there is a major neon shortage in the semiconductor industry
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List of Key Market Players in Probe Card Market:

The Global Probe Card Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• FormFactor Ltd.
• Feinmetall GmbH
• SV Probe
• Microfriend Inc.
• Japan Electronic Materials Corporation
• RIKA DENSHI CO., LTD.
• Precision Test Tech.Co., Ltd.
• MPI Corporation
• MICRONICS JAPAN CO., LTD.
• TSE Co, Ltd.
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Related Reports:

MEMS Market – MEMS Market is projected to grow at a CAGR of 17% from 2019 to 2030, The MEMS Market growth is attributed to increasing applications of miniaturized wireless communication modules and sensors in consumer electronics, automotive, medical.

Semiconductor Foundry Market – The Semiconductor Foundry Market size is expected to grow from USD 143.12 billion in 2023 to USD 203.94 billion by 2028, at a CAGR of 7.34% during the forecast period (2023-2028). The semiconductor industry witnessed exponential growth during the year 2021, which was driven by global consumer demand. Similarly, the semiconductor foundry market witnessed significant growth.

DRAM Market – The Global Dynamic Random Access Memory (DRAM) Market size is estimated at USD 101.45 billion in 2023, and is expected to reach USD 118.64 billion by 2028, growing at a CAGR of 3.18% during the forecast period (2023-2028). IoT-infused semi-autonomous vehicles take real-time decisions while partly controlling vehicle operations to avoid accidents and reduce the load from the driver. Along with proximity sensors and cameras, cars are integrated with IoT systems to minimize human error and make driving more comfortable and safer. Thus, increasing the demand for DRAM in mobility solutions and the trends like cloud computing AI, IoT, and mobility combined are expected to drive huge demand for DRAM during the forecast.

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