North America Probe Card Market
No. of Pages: 96 | Report Code: TIPRE00024134 | Category: Electronics and Semiconductor
No. of Pages: 96 | Report Code: TIPRE00024134 | Category: Electronics and Semiconductor
North America is one of the technologically advanced regions, with the presence of major economies such as the US, Canada, and Mexico. The developed countries in the region are known for adoption of advanced technologies, high standards of living, and developed infrastructure. Several industries such as automotive, transportation, electronics, and telecommunications, in the region are expanding their production scale to cater to the consumer demands. High disposable incomes and technological advancements have been propelling the growth of the consumer electronics industry. Smartphones, personal computers, tablets, music players, washing machines, and TVs have a broader user base in North America. A strong demand for semiconductor testing services and increase in manufacturing of consumer electronics equipment are the key factors for the growth of the probe card market. Also, increased penetration of consumer electronics is the major factor driving the growth of the North America probe card market.
North America is among the worst-hit regions by the COVID-19 pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that support high-speed internet services. The adoption of 5G network has driven the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. For instance, in December 2020, Qualcomm Inc., a leading manufacturer of microprocessors, predicted that the shipments of 5G smartphones will double in 2022 owing to increasing 5G network deployment. Such increasing adoption of 5G smartphones is have some kind of positive impact after the lockdown period; while in lockdown, it certainly hampered the market growth in a negative manner.
Strategic insights for the North America 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$ 459.89 Million |
| Market Size by 2028 | US$ 703.69 Million |
| Global CAGR (2021 - 2028) | 6.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America 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 North America is expected to grow from US$ 459.89 million in 2021 to US$ 703.69 million by 2028; it is estimated to grow at a CAGR of 6.3% 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, the US has one of the most advanced 5G networks in the region. US is already the region’s largest smartphone market, and it claims to have the world’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. According to the Ericsson’s mobility report, the share of 5G network in the North American market is expected to grow from 4% in 2020 to 80% by 2026, while the rest 20% would be held by the 4G technology. 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 North America 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 North America 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; GGB Industries; Japan Electronic Materials Corporation; Micronics Japan Co., Ltd.; SV Probe; and Technoprobe S.p.A. among others.
The North America Probe Card Market is valued at US$ 459.89 Million in 2021, it is projected to reach US$ 703.69 Million by 2028.
As per our report North America Probe Card Market, the market size is valued at US$ 459.89 Million in 2021, projecting it to reach US$ 703.69 Million by 2028. This translates to a CAGR of approximately 6.3% during the forecast period.
The North America 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 North America Probe Card Market report:
The North America Probe Card Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Probe Card Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Probe Card Market value chain can benefit from the information contained in a comprehensive market report.
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