Global probe card market is expected to reach $2.0 billion by 2023

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DALLAS, Dec. 06, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the market looks attractive with opportunities in the electrical testing of the integrated circuit in the semiconductor industry. The global probe card market is expected to reach an estimated $2 billion by 2023 with a CAGR of 4.5% from 2018 to 2023. The major growth drivers for this market are increasing demand for integrated circuits (ICs), growth in high-frequency testing, and increase in wafer size.

In this market, different types of probe card such as standard and advanced are used as product type. Lucintel forecasts that advanced probe card will remain the largest product type and witness the highest growth during the forecast period as it eliminates the limitations related to probe area, pad layout, and extreme environment conditions.

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Asia Pacific is expected to remain the largest region and witness the highest growth during the forecast period supported by increasing production of integrated circuit in Taiwan, South Korea, Japan, and China. The presence of prominent IC manufacturers in these countries is also leading the demand for this region.

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Emerging trends, which have a direct impact on the dynamics of the probe card industry, include the development of probe card to reduce the cost of testing and introduction of die stacking for advanced 2.5D and 3D stacked packages. FormFactor, Micronics Japan Co., Technoprobe, Japan Electronic Materials, MPI Corporation, Nidec SV TCL, Microfriend, Korea Instrument, Will Technology, and TSE and others are among the major probe card manufacturers.

Lucintel, a leading global strategic consulting and , has analyzed and forecasted for the global probe card market by product type, manufacturing technology, IC type, and region and has come up with a comprehensive research report entitled  “.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at .

More news and information about Lucintel Services India Pvt. Ltd.

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Globe Newswire: 07:27 GMT Thursday 6th December 2018

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