The Probe Card market is estimated to register a CAGR of 6.80% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Probe Card market—Japan Electronic Materials, SV Probe, Korea Instrument, MPI, Advantest, FormFactor, Will Technology, TSE, Microfriend, and Feinmetall.

Probe Card Market Highlights

The global Probe Card market is accounted to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 4.8 billion by 2032.

The growing need for semiconductor devices is the primary factor propelling the market's expansion. The market for vertical MEMS probe cards is being driven by the increasing need for sophisticated semiconductor devices, including laptops, tablets, smart phones, and Internet of Things gadgets. These probe cards are crucial instruments for semiconductor device testing and quality control, helping to guarantee that the high standards demanded by customers are met. The market for vertical MEMS probe cards is expected to expand in the future.

Segment Analysis

The global probe card market has been segmented based type and application.

On the basis type, the market is segmented into Cantilever Probe Card, MEMS Probe Card and Vertical Probe Card. The MEMS probe card segment was attributed to holding the largest market share in 2022 due to its limitations, the typical probe card is made up of a manually fitted epoxy ring that has dozens or even hundreds of cantilever needles.

Based on application, the global Probe Card market has been segmented into DRAM, Flash, Foundry & Logic and Others. The foundry & logic segment was expected to hold the largest market share in 2022, due to its affordability in the market.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Probe Card Market Research Report

Regional Analysis

The global Probe Card market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Probe Card market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Probe Card market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Probe Card market comprises of Middle East, Africa, and Latin America.

The largest market share for Probe Card was maintained by the North American regional sector. Vertical MEMS probe card sales are expected to be substantial in North America. The region is leading the global market in semiconductors because of the proliferation of semiconductor manufacturers and the rising demand for sophisticated semiconductor devices. Moreover, the automotive and aerospace sectors in the United States are important drivers of the market's growth, driving up demand for vertical MEMS probe cards in the area.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Probe Card is driven by rising environmental consciousness and the establishment of strict environmental legislation. The semiconductor industry's ongoing technological developments have produced smaller, quicker, and more complicated ICS. This means that sophisticated probe cards that can test these complex circuits must be used.

Additionally, due to high-end machinery, specialized semiconductors, important suppliers of semiconductor materials, and well-known semiconductor manufacturers are present. Additionally propelling the market for probe cards is the use of semiconductors in automotive electronics for automation, security, electrification, and safety-related applications. The increased usage of semiconductors brought about by new technologies like autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things is another reason boosting the market for probe cards.

Furthermore, the rest of the world's Probe Card market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of semiconductors in automotive electronics. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Probe Card market is expected to reach USD 4.8 billion by 2032, at a CAGR of 6.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing -end machinery, specialized semiconductors by government bodies through policies and initiatives.


• Based on type, the MEMS probe card segment was attributed to holding the largest market share in 2022.


• Japan Electronic Materials, SV Probe, Korea Instrument, MPI, Advantest, FormFactor, Will Technology, TSE., Microfriend, Feinmetall.