New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- A global Electronics business consulting firm, Maximize Market research, has published a market intelligence and competitive landscape report on the “Probe Card Market”, which is a combination of primary data and secondary data. The domain expert has analyzed the Probe Card Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects the market to grow from USD 3.64 Bn in 2021 to USD 6.21 Bn in 2029 at a CAGR of 6.9 percent.

Probe Card Market Report Scope and Research Methodology

Market Size in 2021USD 3.64 Bn.
Market Size in 2029USD 6.21 Bn.
CAGR6.9 percent (2022-2029)
Forecast Period2022-2029
Base Year2021
Number of Pages282
No. of Tables117
No. of Charts and Figures114
Segment CoveredType and Application
Regional ScopeNorth America, Europe, Asia Pacific, Middle East and Africa, South America
Report CoverageMarket Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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The report covers the present and future trends that are expected to influence the growth rate and growth opportunities of the Probe Card Market. It includes supply and demand ratio, supply chain analysis, market share, growing revenue and business overview. It also includes development trends, product technology, product categorization, product applications, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the Probe Card industry and the most recent dynamic analysis, among other things. The Probe Card Market report provides a detailed analysis of growth drivers, opportunities, major restraints and upcoming challenges. To make the complex analysis simple, the market was studied by dividing it into two major segments: Type and Application.

The market report majorly depends on both primary and secondary data, which were combined to make the Probe Card Market report authentic. The research process involves the investigation of several factors affecting the Probe Card industry, such as government policy, technological innovation, upcoming technologies and the technical progress in related industries and others. Extensive primary research was conducted to gather the data and verify the crucial numbers arrived at after comprehensive market engineering and calculations for Probe Card Market size estimations, market statistics, market breakdown, market forecasts and data triangulation. The bottom-up approach was used in the whole market engineering process with multiple data triangulation methodologies to perform the Probe Card Market estimation and forecasting for the overall market segments and sub-segments. SWOT analysis was used to provide the strengths and weaknesses of the Probe Card Market.

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Probe Card Market Overview

Probe Card is used for electrical testing of a large-scale integrated circuit (LSI) chip on the wafer during the wafer testing process in large-scale integrated circuit manufacturing. The factor that is mainly driving the Probe Card Market is the increasing demand for semiconductors in the automotive and manufacturing industry.

Probe Card Market Dynamics

The increasing electronic testing demand in the semiconductor industry is expected to drive market growth during the forecast period. The increasing use of integrated circuits (ICs) in electronic devices is one of the key drivers of the Probe Card Market growth. The demand for probe cards is majorly created by the increasing demand for consumer electronics such as fridges, laptops, television and digital cameras, as rapid growth in semiconductors and electronics industries. However, the lack of consumer awareness about the benefits of the probe card solution is expected to limit Probe Card Market growth.

Probe Card Market Regional Insights

In 2021, the Asia Pacific region held the largest Probe Card Market share. This is due to the presence of key manufacturers in the major suppliers in the region with major suppliers of semiconductor materials, high-end equipment and special conductors.

The North America region is expected to grow at a significant CAGR during the forecast period. The regional Probe Card Market growth is majorly expected due to the increasing production of autonomous vehicles and increasing military spending.

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Probe Card Market Segmentation

By Type

In 2021, the advanced probe card segment dominated the global Probe Card Market by holding 55 percent of the share.

By Application

In 2021, the DRAM segment dominated the global Probe Card Market and was valued at USD 3.9 Bn.

Probe Card Market Key Competitors include:

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Key questions answered in the Probe Card Market are:

Key Offerings:

Maximize Market Research is leading Electronics research firm, has also published the following reports:

EVM Card Market - The market size is expected to reach USD 19.31 billion by 2029 at a CAGR of 4.2 percent during the forecast period. The market is expected to be driven by increasing government initiatives to promote a cashless economy.

VLSI Semiconductors Market - The market size is expected to reach USD 81.09 billion by 2029 at a CAGR of 6 percent during the forecast period. The market is expected to be driven by the increasing demand for regular and advanced consumer electronics with the rising income levels of the people.

Prepaid Card Market - The market size is expected to reach USD 9644.17 billion by 2029 at a CAGR of 18.2 percent during the forecast period. The market is expected to be driven by the increasing development of the e-commerce industry, which has forced customers to use plastic money instead of keeping cash.

Multilayer Flexible Circuit Market - The market size is expected to reach USD 55.64 billion by 2029 at a CAGR of 10 percent during the forecast period. The market is expected to be driven by the increasing requirements of multilayer flex circuits for power plane, shielding applications and ground applications, dense surface mounts assembly applications and to control the impedance of the circuits.

Fault Circuit Indicator Market - The market size is expected to reach USD 2.59 billion by 2029 at a CAGR of 6 percent during the forecast period. The market is expected to be driven by the increased expansion and formation of new smart grids, industrialization and the installation and rearrangement of transmission lines to name a few factors.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.