Europe 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)

Foundry and Logic Segment to Dominate Europe Probe Card Market during 2021-2028.

According to a new market research study on “Europe Probe Card Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Technology, and Application,” the market is expected to reach US$ 310.45 million by 2028 from US$ 221.42 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the Europe probe card market along with the drivers and restraints pertaining to the market growth. Surge in manufacturing of semiconductor chips due to proliferating automotive sector is the major factor driving the growth of the Europe probe card market. However, issues associated with the continuous testing failures could hamper the growth of Europe probe card market.

The Europe 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 UK, Germany, France, Italy, and Russia.

Europe is expected to suffer an economic hit due to a 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, the 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 COVID-19, many businesses in Europe faced financial challenges as their activities were substantially reduced due to lack of workforce, government-imposed restrictions, and decreasing sales. However, post lockdown market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart facilities, operations, commercial places, and transportation.

FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; Japan Electronic Materials Corporation; Micronics Japan Co. Ltd.; SV Probe; and Technoprobe S.p.A. are among the leading companies in the Europe 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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