growing investment in fabs is driving the Probe Card Market
Technavio analyzes that the Probe Card Market is expected to grow at a CAGR of 9.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1529.22 million.There are various factors that contribute to the growth of the market. The semiconductor industry's increasing investment in fabrication plants (fabs) is driving significant growth in the probe card market. Probe cards are essential tools for ensuring the quality and functionality of semiconductor devices during manufacturing. With more fabs coming online and existing ones expanding, the demand for probe cards is expected to rise, making it an attractive market for investors and manufacturers alike. This trend is particularly notable in regions with a strong semiconductor manufacturing presence, such as Asia Pacific.
In the rapidly evolving semiconductor industry, advanced probe cards have emerged as a crucial solution for addressing the challenges posed by increasingly complex IC designs. These sophisticated probe cards offer enhanced capabilities, such as increased current throughput and superior position accuracy, which are essential for testing intricate technologies like MEMS, 3D stacked ICs, and advanced nodes, including FinFET and FD-SOI. By minimizing the risks of damages during testing, advanced probe cards are particularly valuable for high-frequency applications, such as automotive technology, antenna technology, and radio and telecommunications. As semiconductor technologies continue to advance, the demand for advanced probe cards will undoubtedly grow, enabling efficient and reliable testing processes for fabricators, foundries, logics segments, and fabless companies.
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Probe Card Market Segmentation
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The probe card market plays a crucial role in the semiconductor industry, providing essential tools for testing electronic components on semiconductor wafers. Probe cards, part of electronic test systems, feature contact elements that interface with testers and printed circuit boards. Semiconductor manufacturers, foundries, and fabless companies utilize probe cards to test various electrical products, including wearables, smartphones, and complex semiconductor components like MEMS, 3D stacked ICs, and ICs. The market caters to various sectors, including consumer electronics, Internet of Things, data centers, telecommunications, and cutting-edge technologies such as artificial intelligence and semiconductor technology. Probe cards facilitate the production process of these industries by ensuring the quality and functionality of their semiconductor wafers.
The probe card market is a significant segment of the global semiconductor materials and equipment market, which encompasses manufacturers engaged in the production of semiconductor materials and equipment, including wafer processing and back-end semiconductor manufacturing equipment. According to Technavio, this market is driven by the expansion of the global semiconductor materials and equipment market, fueled by substantial investments in fabrication. The establishment of new semiconductor fabrication plants is on the rise due to the escalating demand for integrated circuits (ICs) worldwide. This trend is anticipated to boost the market for probe cards, electronic test systems, printed circuit boards, and contact elements. The global semiconductor materials and equipment market size is determined by the revenue generated from the sales of wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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