Report Code: A15743 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Probe Card Market
Request Now !A probe card is a device that connects a semiconductor wafer to an electronic test system. The probe card is mechanically attached to a probe and electrically connected to a tester. Its goal is to create an electrical link between the test equipment and the circuits on the wafer, allowing circuit testing and validation at the wafer level, before they are diced and packaged. It consists of a printed circuit board (PCB) and some sort of contact elements, which are metallic but may also be made of other materials. Probe card is a custom connector that takes the universal pattern of a given tester and translates the signals to connect to electrical pads on the wafer, due to which a semiconductor manufacturer is expected to require a new probe card for each new device wafer and for device shrinks (when the manufacturer reduces the size of the device while maintaining its functionality). The global probe card market has experienced a significant growth and is expected to grow considerably in next few years.
The global probe card market is segmented on the basis of type, application, and region. Based on type, the market is divided into Cantilever Probe Card, MEMS Probe Card, and Vertical Probe Card. In terms of application, the market is categorized into DRAM, Flash, Foundry & Logic, and Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Scenario Analysis
The worldwide quarantine imposed in response to the COVID-19 outbreak has resulted in an economic crisis. Â The pandemic has wreaked havoc on a variety of industries, and the probe card industry is no exception. Following the SARS-CoV-2 outbreak, businesses were forced to make difficult financial and cost-cutting decisions to ensure the continued flow of goods. The outbreak of COVID-19 has had a wide range of consequences, including flight cancelations, travel bans, quarantines, restaurants closing, and all indoor events being restricted in over forty countries where state of emergency was declared, resulting in a massive slowdown of the probe card market trends volatility, growth in public panic, and uncertainty about the future.Â
In response to COVID-19's long-term implications, governments have attempted to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite the world's efforts to find a COVID-19 breakthrough, the probe card market size is expected to rebound to a great level during the forecast period.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The Probe Card Market has grown in popularity due to new and advanced technology inputs. One of the primary factors driving the market's growth is the downsizing of electrical products utilized in various devices. New devices are continually being developed in various shapes and sizes, which necessitate the development of electrical tests to accommodate the new gadgets. As a result, the market's expansion has accelerated. It is even used to build an electrical path between the test system and the circuits, where these circuits may be verified and validated. The growth of the Probe Card Market is directly tied to the increase in demand for wearables, smartphones, and the Internet of Things (IoT). The market's growth is also fueled by new and advanced technology in the Probe Card Market. Manufacturing plants for probe cards have likewise invested more to keep on top of the market and avoid falling behind. These plants must meet the ever-increasing demand for electrical products. In addition, the semiconductor industry is concentrating on the development of integrated circuits (ICs) to enable sophisticated technology. This is yet another market-moving factor. The market's expansion may be stifled by low temperatures. The market is further hampered by the high costs associated with probe cards. Continuous test failures raise expenses, which has an impact on the market.Â
The Global Probe Card Market Trends:
Miniaturization of Electronic Products
To meet the increased demand for compact and portable electronic products, semiconductor OEMs are constantly spending on R&D to develop micro components. MEMS and 3D stacked ICs are results of this.
Furthermore, the shrinkage of electronic components has impacted semiconductor device manufacturers due to the fact that the foundries must rebuild their manufacturing facilities to ensure optimal production facilities for producing MEMS and 3D ICs. As a result, the need for testing equipment is predicted to rise, which is expected to boost the probe card market growth during the forecast period.Â
Increase in Demand of Foundry & Logic Segment
The largest segment, foundry and logic, is anticipated to continue to develop at the fastest rate over the projected period, owing to the rise of the semiconductor sector. Fabless companies minimize costs by not owning such facilities, while the foundry model uses two strategies to avoid these costs. Merchant foundries, on the other hand, source work from a global pool of fabless enterprises, and keep their factories fully operational by careful scheduling, pricing, and contracting.Â
Key Benefits of the Report
Questions Answered in the Market Research Report
Probe Card Market Report Highlights
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Key Market Players | Feinmetall, MPI, TSE., Advantest, Korea Instrument, FormFactor, SV Probe, Japan Electronic Materials, Microfriend, Will Technology |
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