Latest News- Probe Card Market: Advanced probe card is expected to lead the Product segment during 2025-2029

The Probe Card Market is being driven by Growing investment in fabs

The Probe Card Market is expected to grow at a CAGR of 9.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1731.8 million. In the semiconductor industry, the increase in wafer size from the historical 23 mm in the 1960s to over 300 mm today has significantly reduced manufacturing costs by enabling the production of a larger number of Integrated Circuits (ICs) per wafer. However, despite advancements in 450-mm wafer technology, the high investment required for its research and development (R&D) has deterred several manufacturers from pursuing it. Given the current IC market demands, the utilization of 300-mm, 200-mm, 150-mm, and 100-mm wafers remains a viable and cost-effective solution. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Advanced probe card
  • Standard probe card
• End-user
  • Foundry and logic
  • Memory device
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing investment in fabs
• Miniaturization of electronic products
• Increasing demand for IoT devices

However, the market also witnesses some limitations, which are as follows:

• Rapid technological changes in semiconductor industry
• Volatility in semiconductor industry
• Impact of technology chasm

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Market Scope in Probe Card Market Research Report

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Research Analysis Overview

The Probe Card Market is driven by the increasing complexity of semiconductors in various sectors, including consumer electronics, data centers, advanced ICs, electric vehicles, autonomous vehicles, wearable devices, and healthcare monitoring devices. Semiconductor manufacturing, 5G technology, artificial intelligence, IoT devices, and geographical market expansion also contribute to market growth. Chip quality, reliability, socket technology, advanced substrates, load boards, and probe card measurement are key focus areas. Probe cards, such as Cantilever and Membrane Probe Cards, play a crucial role in electrical contact during semiconductor testing, using test points and silicon wafers. Metrology and probe card measurement technologies ensure precise electrical contact and high-quality semiconductor output.

Market Research Overview

The global semiconductor materials and equipment market encompasses companies engaged in the production of semiconductor materials and equipment manufacturing/fabrication, wafer processing, and back-end semiconductor manufacturing equipment. According to Technavio's market analysis, the 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. The market's expansion will be fueled by significant investments in semiconductor fabrication. The surge in demand for integrated circuits (ICs) in various sectors, including consumer electronics, data centers, advanced ICs, electric vehicles, autonomous vehicles, and wearable devices, has led to an increase in the establishment of new fabrication plants worldwide.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/