Probe Card Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Standard Probe Card, and Advanced Probe Card), By Technology (Vertical Probe Cards, MEMS-SP, U-Probes, Cantilever Probe Cards, and Others), By Wafer Size (More Than 12 Inches, and Less Than 12 Inches), By Test (DC Test, Functional Test, AC Test), By Material (Tungsten, Copper Clad Laminated (CCL), Aluminum, and Others), By Application (Foundry & Logic, Flash, DRAM, Parametric, and Others), and Region Forecast 2019-2030

Probe Card Market size was valued at US$ 1,829.9 million in 2023 and is poised  to grow at a CAGR of 7.1% from 2024 to 2030. The popularity of the market has been fully-fledged due to new and advanced technology inputs. One of the major factors driving the market's growth is the retrenching of electrical products utilized in various devices. Probe cards with higher pin counts, better precision, and increased flexibility are essential to meet the testing requirements of these advanced devices, which is likely to boost the market growth. New devices are constantly developed in various shapes and sizes, necessitating the improvement of electrical tests to accommodate the new gadgets which have accelerated the expansion of the market.

The probe card is also used to build an electrical path between the test system and the circuits, where these circuits may be tested and certified. The growth of the market is directly bound to the increase in demand for wearables, smartphones, and the Internet of Things (IoT). The market's growth is also propelled by new and advanced technology in the market. In addition, manufacturing plants for probe cards have equally invested to keep on top of the market and avoid falling behind. These plants must meet the ever-increasing demand for electrical products. Moreover, the semiconductor industry is focused on the development of integrated circuits (ICs) to enable sophisticated technology which also helps in market expansion. However, the market's expansion may be restrained by low temperatures, the high costs related with probe cards, and Continuous test failures elevate expenses, which has an impact on the market.

Key Developements

• In December 2021, a California-based manufacturing facility was inaugurated by FormFactor, to enhance the production capacity for semiconductor wafer probe cards. This strategic move directs the growing demand from customers, facilitating FormFactor to meet requirements successfully. The expansion contributes to a varied market offering, with a wide range of products incorporating significant features.
• In April 2021, FEINMETALL GmbH launched a novel wafer probe card featuring a spring contact probe as its contact element. Reacting to market demands, the product boasts distinctive characteristics, including independently spring-loaded chips and probes, coupled with a specialized tip style. This advancement met market requirements and enriched the industry with advanced probe card options.