Asia Pacific Probe Card Market

Market Introduction

Asia Pacific comprises the largest and most dynamic economies such as China, India, Japan, Australia, and South Korea. Taiwan, China, and Japan are the leading semiconductor manufacturing countries in Asia Pacific. The rising disposable income in developing countries such as India and China, is leading to a large client base for high-tech consumer electronics such as smart wearables, smartphones, and electric vehicles. This factor is expected to drive the probe card market in the region. China is a leading manufacturing hub for the IC packaging technology-based products, while Taiwan, South Korea, and Japan are also significant contributors to the regional market growth. Many of the Asia Pacific countries are characterized by the mass production of electronic devices required for consumer electronics, automotive components, telecommunication devices, and other industrial machineries. Also, building 5G infrastructure is the major factor driving the growth of the APAC probe card market.

The COVID-19 that emerged in China has affected several neighboring countries such as India, South Korea, and Japan, among others. China and India are the most prominent manufacturing hub in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown but soon expected to recover the development by enhancing the production capabilities in the second half of the year 2021. The imposition of a ban on commercial activities has disrupted the industrial supply chains in Asia Pacific region, leading to raw material shortages. Further, the demand for advanced electronics such as a smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is rising defense expenditure of countries such as China and India; this is likely to provide growth opportunities to the market due to more uses of IC chips. Moreover, companies in Asia Pacific have restructured their capabilities by adopting various strategies such as product enhancements, partnerships, and acquisitions.

Asia Pacific Probe Card Strategic Insights

Strategic insights for the Asia Pacific Probe Card provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Probe Card Report Scope

Asia Pacific Probe Card Regional Insights

The geographic scope of the Asia Pacific Probe Card refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The probe card market in APAC is expected to grow from US$ 1,478.20 million in 2021 to US$ 2,401.40 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. Increase in the use of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, and continuous development and introduction of new technologies have been triggering evolution in the consumer electronics industry. The rise in demand for consumer electronics is mainly credited to the emergence of smart devices and IoT, growing adoption of tablets, and surge in demand for devices with large screens. The surge in consumer electronics demand is driving the growth of the semiconductor manufacturing businesses, as consumer electronics is one of the industries that highly depend on the semiconductor industry. Changes in trends related to chip sizes and growing preference for innovative architecture in various electronic devices have boosted semiconductor demand. The elevating scale of integrated circuit (IC) chips manufacturing has led to the surge in demand for electronics testing, which is propelling the requirement of probe cards. Additionally, the introduction of advanced technologies in semiconductor manufacturing equipment, such as AI and IoT, would accelerate their adoption in fabrication facilities. Furthermore, the rising demand for silicon-based sensors for IoT devices, expanding presence of chip industries in emerging countries, and rise in the number of data centers and servers are the factors that help boost the performance of the semiconductor industry. These factors, in turn, would continue to boost the demand for probe cards in the coming years.

Key Market Segments

The APAC probe card market has been analyzed based on type, technology, application, and country. Based on type, the probe card market is segmented into advanced probe card and standard probe card. The advanced probe card segment dominated the market in the year 2020 and is expected to be the fastest growing during forecast period. Based on technology, the probe card market is segmented into MEMS, cantilever, and vertical. The MEMS segment dominated the market in the year 2020 and is expected to be the fastest growing during forecast period. Moreover, based on application, probe card market is segmented into foundry and logic, DRAM, flash, and others. The foundry and logic segment dominated the market in the year 2020 and is expected to be the fastest growing during forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the probe card market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; Japan Electronic Materials Corporation; Korea Instrument Co., Ltd.; Micronics Japan Co., Ltd.; MPI Corporation; SV Probe; and Technoprobe S.p.A. among others.

Reasons to buy report

• To understand the APAC probe card market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC probe card market
• Efficiently plan M&A and partnership deals in APAC probe card market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC probe card market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Probe Card Market Segmentation

APAC Probe Card Market -By Type

• Advanced Probe Card
• Standard Probe Card

APAC Probe Card Market –By

Technology

• MEMS
• Cantilever
• Vertical

APAC Probe Card Market -By Application

• Foundry and Logic
• DRAM
• Flash
• Other Applications

APAC Probe Card Market -By Country

• China
• Australia
• India
• Japan
• South Korea
• Rest of APAC

APAC

Probe Card Market -Company Profiles

• FEINMETALL GmbH
• FormFactor, Inc.
• Fujitsu
• Japan Electronic Materials Corporation
• Korea Instrument Co., Ltd.
• Micronics Japan Co., Ltd.
• MPI Corporation
• SV Probe
• Technoprobe S.p.A.