Advanced Probe Card Market Expansion 2024-2033: Growth Drivers and Dynamics

Market Size –
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 growth in the historic period can be attributed to increased semiconductor complexity, growth of consumer electronics, expansion of data centers, automotive industry innovations, and higher production of advanced ICs.

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%. The growth in the forecast period can be attributed to growth in electric and autonomous vehicles, expansion of wearable devices, increased investments in semiconductor manufacturing, rising production of health monitoring devices, and rising semiconductor production. Major trends in the forecast period include technological advancements, the rise of 5G, the adoption of artificial intelligence, expansion in IoT devices, and geographic expansion.

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Scope Of Advanced Probe Card Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Advanced Probe Card Market Overview

Market Drivers –
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.

Market Trends –
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’â„¢s mmWave RF probe head and socket technology with CHPT’â„¢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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Regional Insights –
Asia-Pacific was the largest region in the advanced probe card market in 2023. The regions covered in the advanced probe card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

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

Table of Contents
1. Executive Summary
2. Advanced Probe Card Market Characteristics
3. Advanced Probe Card Market Trends And Strategies
4. Advanced Probe Card Market – Macro Economic Scenario
5. Global Advanced Probe Card Market Size and Growth
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31. Advanced Probe Card Market Other Major And Innovative Companies
32. Global Advanced Probe Card Market Competitive Benchmarking
33. Global Advanced Probe Card Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Advanced Probe Card Market
35. Advanced Probe Card Market Future Outlook and Potential Analysis
36.Appendix