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Europe Probe Card Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Technology, and Application

Europe Probe Card Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Technology, and Application

  • August 2021
  • 104 pages
  • ID: 6134308
  • Format: PDF
  • The Insight Partners

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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.

The 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 the evolution in the consumer electronics industry.The rise in demand for consumer electronics is mainly credited to the emergence of smart devices and IoT, the rise in the adoption of tablets, and the surge in demand for devices with large screens.

The surge in demand for consumer electronics is driving 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 a rise in preference for innovative architecture in various electronic devices have boosted the demand for semiconductors.

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 the rising 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.

Based on application, the foundry and logic segment led the Europe probe card market in 2020.The probe card is an essential part that connects its probes with the electrodes of the semiconductor devices and applies electrical signals to determine whether the chips on the wafer are defective.

A probe card is used for testing non-memory devices such as Logic and SoC. It provides exceptional contact stability by directly contacting ST pad or PCB pad without floating by free load and implements low force, low scrub, and high alignment precision.

Europe is expected to suffer an economic hit due to the 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, 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 the COVID-19 pandemic, many businesses in Europe faced financial challenges as their activities were substantially reduced due to the lack of workforce, government-imposed restrictions, and a decrease in sales.

However, post lockdown, the market has witnessed a healthy growth rate, owing to the increasing demand for advanced electronics devices to restart facilities, operations, commercial places, and transportation.

The overall Europe probe card market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe probe card market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe probe card market. FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; Japan Electronic Materials Corporation; Micronics Japan Co., Ltd.; SV Probe; and Technoprobe S.p.A. are among the major players operating in the market.

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