Top 3 Emerging Trends Impacting the Global Contact Probers Market From 2017-2021: Technavio

Technavio has published a new report on the global contact probers market from 2017-2021. (Graphic: Business Wire)

LONDON--()--Technavio’s latest report on the global contact probers market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The research study by Technavio on the global contact probers market for 2017-2021 provides a detailed industry analysis based on the product type (manual, automated, semi-automated) and geography (APAC, the Americas, and EMEA).

 
Contact probers are test equipment devices used by semiconductor device manufacturers for the surface testing of semiconductors, wafers, and packaging. These components help in identifying faults on the surfaces. Technavio analysts forecast the global contact probers market to grow at a CAGR of more than 4% over the forecast period.
 

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The top three emerging trends driving the global contact probers market according to Technavio hardware and semiconductor research analysts are:

  • Increasing number of fabless semiconductor companies and test houses
  • Emergence of new testing technologies
  • Increase in the number of connected devices through IoT and other emerging markets

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Increasing number of fabless semiconductor companies and test houses

Numerous semiconductor companies prefer to focus on the R&D of their solutions and outsource their fabrication and other foundry-related activities to companies that specialize in manufacturing, assembly, and testing of semiconductor ICs,” says Jujhar Singh, a lead analyst at Technavio for semiconductor equipment research.

The growing number of fabless semiconductor companies leads to an increase in the net aggregate demand for semiconductor ICs, which drives the demand for test equipment devices such as contact probers. The rising number of test houses has resulted in an increase in the number of potential customers of test equipment, thereby resulting in higher sales.

Emergence of new testing technologies

The test equipment industry is witnessing the emergence of new technologies to meet the growing demand for compact and efficient semiconductor test equipment. These technologies help the test equipment vendors to improve their product offerings, which will lead to a high demand for testing probers. Self-test technologies are designed into circuits to simplify the testing procedures.

The semiconductor manufacturing industry is evolving continuously due to the introduction of new processes and technologies. This trend will increase the testing cost, which will lead to a price pressure on the test equipment vendors. The vendors focus on product differentiation to remain competitive and address the specific demands of the customers.

Increase in the number of connected devices through IoT and other emerging markets

The Internet of Things acts as a bridge between the virtual and the physical world by linking information, objects, and data. It provides connectivity to geographically distant locations and time zones and is an essential tool in product development. IoT is emerging as a crucial segment for a number of industry verticals, especially the commercial sector,” explains Jujhar.

These devices use microelectromechanical systems (MEMS)-based sensors to detect and capture data and pass it to microcontroller units for controlling and process data. Image sensors are popularly used in devices such as digital cameras, automobiles, communication devices, and wearables. The increase in the demand for connected devices will drive the demand for testing equipment such as contact probers.

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s report on the global contact probers market provides an analysis of the most important trends expected to impact the market outlook.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com