Global Probe Card Market 2020-2024 | Growing Investments in Fabs to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled global probe card market 2020-2024.

LONDON--()--The probe card market is expected to grow by USD 505.23 million during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

The growing use of ICs in electronic devices has encouraged semiconductor manufacturers to expand their fab facilities. The demand for ICs is increasing because of the integration of advanced technologies such as human-machine interface technologies in electronic devices. Semiconductor foundries are also focusing on developing ICs that can support advanced technologies. This is resulting in the construction of new fabs and the expansion of existing fabs to meet the growing demand for ICs. The construction of new fabs will lead to a rise in demand for wafer testing and probe cards during the manufacture of such ICs. Thus, growing investments in fabs will drive the growth of the market.

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As per Technavio, the miniaturization of electronic products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Probe Card Market: Miniaturization of Electronic Products

Semiconductor OEMs are constantly investing in R&D to develop miniature components to cater to the growing demand for small and portable electronic products. This has led to the emergence of MEMS and 3D stacked ICs. The miniaturization of electronic components has also impacted semiconductor device manufacturers because foundries need to restructure their manufacturing facilities to ensure optimum production facilities for fabricating MEMS and 3D ICs. As a result, the demand for testing equipment is expected to increase, thereby, augmenting the growth of the probe card market during the forecast period.

“Factors such as the growing adoption of 3D NAND and increasing demand for IoT devices will have a significant impact on the growth of the probe card market value during the forecast period,” says a senior analyst at Technavio.

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Probe Card Market: Segmentation Analysis

This market research report segments the probe card market by product (advanced probe card and standard probe card), end-users (foundry and logic, and memory device), and geographic segmentation (APAC, Europe, MEA, North America and South America).

The APAC region led the probe card market in 2019, followed by North America, Europe, South America and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the presence of many fabs and foundries and the rising investments from the Chinese government in increasing the domestic IC production.

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Some of the key topics covered in the report include:

Product segmentation

  • Advanced probe card
  • Standard probe card

End-user segmentation

  • Foundry and logic
  • Memory device

Geographic segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The probe card market is expected to grow by USD 505.23 million during 2020-2024, according to the latest market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/