Europe Probe Card Market
No. of Pages: 104 | Report Code: TIPRE00024117 | Category: Electronics and Semiconductor
No. of Pages: 104 | Report Code: TIPRE00024117 | Category: Electronics and Semiconductor
The probe card market in Europe is further segmented into the UK, Germany, Italy, France, Russia, and Rest of Europe. Russia is one of the emerging economies in Europe with the highest mobile penetration rate. Owing to the increased adoption of smartphones, there are considerable changes in the way consumers in countries such as Norway, Sweden, the UK, and the Netherlands access the internet services. As per the Ericsson report, 60% of the internet users utilize smartphones. The rising adoption of smartphones in Europe is expected to further increase the production cycle of semiconductor chips, thereby contributing to the growth of the probe card market in Europe. Also, surge in manufacturing of semiconductor chips due to proliferating automotive sector is the major factor driving the growth of the Europe probe card market.
Europe is expected to suffer an economic hit due to a lack of revenue from various industries, owing to the ongoing COVID-19 outbreak. Additionally, with the outbreak of new variants of COVID-19 in the UK and other major European countries, the probe card manufacturing in these countries is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power. Due to COVID-19, many businesses in Europe faced financial challenges as their activities were substantially reduced due to lack of workforce, government-imposed restrictions, and decreasing sales. However, post lockdown market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart facilities, operations, commercial places, and transportation.
Strategic insights for the Europe 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 221.42 Million |
| Market Size by 2028 | US$ 310.45 Million |
| Global CAGR (2021 - 2028) | 4.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
|
The geographic scope of the Europe 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 Europe is expected to grow from US$ 221.42 million in 2021 to US$ 310.45 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. With the growing digitalization, the need for 5G networks is increasing across the region. According to the Economics Times issue published in May 2021, Germany has one of the most advanced 5G networks in the region. Germany is one of the largest smartphones markets in the region, and it also claims to have the region’s largest 4G market. Owing to the expansion of 5G networks, many countries in the region are continuously striving for the development of network infrastructure, which is bolstering the demand for advanced integrated circuit (IC) chips. The rise in adoption of 5G networks is emerging as a significant opportunity for companies in the electronics & semiconductor sector to develop advanced RF modules using system-in-package (SiP) technology for connectivity. This highlights the opportunities for electronic companies to develop new electronics devices embedded with advanced IC chips to meet the evolving performance requirements. These developments are triggering the need of advanced probe cards for the testing of advanced ICs.
The Europe 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.
A few major primary and secondary sources referred to for preparing this report on the probe card market in Europe 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; Micronics Japan Co., Ltd.; SV Probe; and Technoprobe S.p.A. among others.
The Europe Probe Card Market is valued at US$ 221.42 Million in 2021, it is projected to reach US$ 310.45 Million by 2028.
As per our report Europe Probe Card Market, the market size is valued at US$ 221.42 Million in 2021, projecting it to reach US$ 310.45 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.
The Europe Probe Card Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Probe Card Market report:
The Europe Probe Card Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Probe Card Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Probe Card Market value chain can benefit from the information contained in a comprehensive market report.
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