Probe Card Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Probe Card Market Report is Segmented by Technology (MEMS, Vertical, Cantilever, Specialty, and Other Technologies), by Application (DRAM, Flash, Foundry & Logic, Parametric, and Other Applications), by Type (Standard Probe Card, Advanced Probe Card), and by Geography (North America, Asia Pacific, Europe, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Probe Card Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Probe Card Market Size

Probe Card Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 2.54 Billion
Market Size (2030) USD 4.06 Billion
CAGR (2025 - 2030) 9.80 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Probe Card Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Probe Card Market Analysis

The Probe Card Market size is estimated at USD 2.54 billion in 2025, and is expected to reach USD 4.06 billion by 2030, at a CAGR of 9.80% during the forecast period (2025-2030).

  • Increased semiconductor production and ongoing investments by the government and key vendors in semiconductor foundries are driving the market's growth. Additionally, advancements in packaging technology are fueling the demand for efficient probe cards used in semiconductor chip testing. MEMS technology is gaining prominence in the probe card market due to its testing accuracy and benefits. The rising adoption of semiconductor chips across various sectors, such as automotive, communication, consumer electronics, and healthcare, further propels the market's expansion.
  • As investments in the global chip manufacturing industry surge, the global probe card market is poised to seize numerous opportunities. The increasing demand for semiconductors, driven by technological advancements such as artificial intelligence, 5G, and IoT, is expected to further amplify the need for efficient chip testing solutions.
  • Additionally, technological innovations are set to bolster this market's growth, with vendors increasingly focusing on crafting advanced solutions tailored to the dynamic needs of the chip testing and verification sector. These innovations include the development of probe cards capable of handling higher frequencies, smaller pitches, and more complex architectures, ensuring compatibility with next-generation semiconductor devices.
  • However, the high costs associated with probe cards pose a challenge to this growth. Rising raw material prices are inflating the production costs of probe cards, thereby hindering the market's expansion.
  • The geopolitical tensions could disrupt semiconductor production in regions like Europe and the Middle East. In light of this, companies are reevaluating their business continuity strategies, seeking alternative sources for crucial materials like neon and palladium, and adopting forward pricing tactics to counteract price volatility. Such moves could influence DRAM production and subsequently dampen the growth of the probe card market.

Probe Card Industry Overview

The probe card market is consolidated, with several leading players, such as FormFactor Ltd, Technoprobe Inc., Microfriend Inc., MICRONICS JAPAN CO. LTD, MPI Corporation, SV Probe, Japan Electronic Materials Corporation, and Precision Test Tech. Co. Ltd, Nidec Corporation, Korea Instruments Co. Ltd., WILL Technology Co. Ltd., STAr Technologies, Inc., and others, present. The market players strive to innovate advanced and comprehensive products to cater to consumers' complex and evolving demands.

In a bid to bolster their foothold in the consolidated market landscape, vendors are increasingly resorting to strategic maneuvers, notably mergers and acquisitions. For instance, in May 2024, Nidec Advance Technology Corporation, renowned for its high-performance probe cards and MEMS probes via its subsidiary Nidec SV Probe, inked a collaboration pact with Synergie Cad Group. The latter, hailing from Europe, specializes in designing and manufacturing Printed Circuit Board Assembly (PCBA) probe cards and turnkey test solutions. Under the terms of their strategic partnership, both companies will collaboratively promote, sell, and support each other's offerings across specified territories.

Probe Card Market Leaders

  1. Formfactor Inc.

  2. Technoprobe S.P.A.

  3. Micronics Japan Co. Ltd

  4. Japan Electronic Materials Corporation

  5. MPI Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Probe Card Market Concentration
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Probe Card Market News

  • May 2024: FormFactor has once again earned accolades in TechInsights' customer satisfaction survey, underscoring its prominence in the semiconductor industry. In this survey, semiconductor manufacturers globally assess their suppliers on criteria such as customer service, product performance, and overall performance. For an impressive eleven consecutive years, FormFactor has been recognized as a leading supplier of Test Subsystems, particularly in the realm of probe card manufacturing.
  • May 2024: MJC Europe GmbH, a subsidiary of Micronics Japan Co., Ltd., moved to a new office in January 2024. This relocation aimed to enhance sales prospects for probe cards and test sockets designed for logic chips, with a particular emphasis on the automotive sector in Europe. The company's new premises in Munich are strategically positioned within key hubs of the semiconductor industry in Europe.

Probe Card Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Technology Snapshot
  • 4.5 Pricing Trend Analysis
  • 4.6 Analysis of RF Probe Cards

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increase in Demand for Consumer Electronics and IoT
    • 5.1.2 Miniaturization of Electronic Products
    • 5.1.3 Technological Advancement And Innovations in Semiconductor Industry
  • 5.2 Market Challenges/restraints
    • 5.2.1 High Costs Associated with Probe Cards
    • 5.2.2 Lack of Awareness Among Consumers Regarding The Benefits of Probe Card Solution

6. MARKET SEGMENTATION

  • 6.1 By Technology
    • 6.1.1 MEMS
    • 6.1.2 Vertical
    • 6.1.3 Cantilever
    • 6.1.4 Speciality
    • 6.1.5 Other Technologies
  • 6.2 By Application
    • 6.2.1 DRAM
    • 6.2.2 Flash
    • 6.2.3 Foundry and Logic
    • 6.2.4 Parametric
    • 6.2.5 Other Applications
  • 6.3 By Type
    • 6.3.1 Standard Probe Card
    • 6.3.2 Advanced Probe Card
  • 6.4 By Geography***
    • 6.4.1 North America
    • 6.4.2 Europe
    • 6.4.3 Asia
    • 6.4.4 Australia and New Zealand
    • 6.4.5 Latin America
    • 6.4.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Formfactor Inc.
    • 7.1.2 Technoprobe S.P.A.
    • 7.1.3 Micronics Japan Co. Ltd
    • 7.1.4 Japan Electronic Materials Corporation
    • 7.1.5 MPI Corporation
    • 7.1.6 Feinmetall GmbH
    • 7.1.7 Korea Instruments Co. Ltd
    • 7.1.8 Wentworth Laboratories Inc.
    • 7.1.9 GGB Industries Inc.
    • 7.1.10 Protec MEMS Technology
    • 7.1.11 Nidec SV Probe (Nidec Corporation)
    • 7.1.12 Star Technologies Inc. (Innotech Corporation)
    • 7.1.13 Willtechnology Co. Ltd.
    • 7.1.14 TSE Co. Ltd
  • *List Not Exhaustive
  • 7.2 Vendor Market Share Analysis

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia Pacific' and Latin America and Middle East and Africa will be considered together as 'Rest of the World'
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Probe Card Industry Segmentation

Probe cards are advanced devices for testing the functioning of chips during their construction process. The market is defined by the revenue accrued from the offering of probe cards by major market players.

The probe card market is segmented by technology (MEMS, vertical, cantilever, specialty, other technologies), by application (DRAM, flash, foundry and logic, parametric, other applications), by type (standard probe card, advanced probe card), by geography (North America, Europe, Asia Pacific, rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Technology MEMS
Vertical
Cantilever
Speciality
Other Technologies
By Application DRAM
Flash
Foundry and Logic
Parametric
Other Applications
By Type Standard Probe Card
Advanced Probe Card
By Geography*** North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
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Probe Card Market Research Faqs

How big is the Probe Card Market?

The Probe Card Market size is expected to reach USD 2.54 billion in 2025 and grow at a CAGR of 9.80% to reach USD 4.06 billion by 2030.

What is the current Probe Card Market size?

In 2025, the Probe Card Market size is expected to reach USD 2.54 billion.

Who are the key players in Probe Card Market?

Formfactor Inc., Technoprobe S.P.A., Micronics Japan Co. Ltd, Japan Electronic Materials Corporation and MPI Corporation are the major companies operating in the Probe Card Market.

Which is the fastest growing region in Probe Card Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Probe Card Market?

In 2025, the North America accounts for the largest market share in Probe Card Market.

What years does this Probe Card Market cover, and what was the market size in 2024?

In 2024, the Probe Card Market size was estimated at USD 2.29 billion. The report covers the Probe Card Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Probe Card Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Probe Card Industry Report

Statistics for the 2025 Probe Card market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Probe Card analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.