Asia Pacific 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)

MEMS Segment to Dominate APAC Probe Card Market during 2021-2028.

According to a new market research study on “APAC Probe Card Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Technology, and Application,” the market is expected to reach US$ 2,401.40 million by 2028 from US$ 1,478.20 million in 2021. The market is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The report provides trends prevailing in the APAC probe card market along with the drivers and restraints pertaining to the market growth. Building 5G infrastructure is the major factor driving the growth of the APAC probe card market. However, issues associated with the frequent testing failures could hamper the growth of APAC probe card market.

The APAC 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 China, Australia, India, Japan, and South Korea.

The COVID-19 that emerged in China has affected several neighboring countries such as India, South Korea, and Japan, among others. China and India are the most prominent manufacturing hub in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown but soon expected to recover the development by enhancing the production capabilities in the second half of the year 2021. The imposition of a ban on commercial activities has disrupted the industrial supply chains in Asia Pacific region, leading to raw material shortages. Further, the demand for advanced electronics such as a smartwatches, smart wearables, and healthcare machines has risen significantly. Also, the development of new airports is rising defense expenditure of countries such as China and India; this is likely to provide growth opportunities to the market due to more uses of IC chips. Moreover, companies in Asia Pacific have restructured their capabilities by adopting various strategies such as product enhancements, partnerships, and acquisitions.

FEINMETALL GmbH; FormFactor, Inc.; Fujitsu; Japan Electronic Materials Corporation; Korea Instrument Co. Ltd.; Micronics Japan Co. Ltd.; MPI Corporation; SV Probe; and Technoprobe S.p.A. are among the leading companies in the APAC 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 Announces Cryogenic Probe Family for Emerging Computing Applications

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