North America Probe Card Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Advanced Probe Card and Standard Probe Card), Technology (MEMS, Cantilever, and Vertical), and Application (Foundry and Logic, DRAM, Flash, and Other Applications)

Advanced Probe Card Segment to Dominate North America Probe Card Market during 2021-2028.

According to a new market research study on “North America Probe Card Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Technology, and Application,” the market is expected to reach US$ 703.69 million by 2028 from US$ 459.89 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the North America probe card market along with the drivers and restraints pertaining to the market growth. Increased penetration of consumer electronics is the major factor driving the growth of the North America probe card market. However, issues associated with the frequent testing failures could hamper the growth of North America probe card market.

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. Based on country, the market has been segmented into US, Canada, and Mexico.

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.

FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; GGB Industries; Japan Electronic Materials Corporation; Micronics Japan Co. Ltd.; SV Probe; and Technoprobe S.p.A. are among the leading companies in the North America probe card market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, FormFactor, Inc. launches SmartMatrix 3000XP probe card

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