flying probe tester market REPORT OVERVIEW
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The global flying probe tester market size was USD 124 million in 2020 and is expected to reach USD 148.9 million by 2027, exhibiting a CAGR of 2.8% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, flying probe tester experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
A printed circuit board's electrical integrity can be checked with a flying probe tester. A flying probe tester operates by sweeping a series of tiny probes (or "fingers") across the PCB surface. When the probes come into touch with any electrical wiring on the PCB, any imperfections will be found. A flying probe tester serves as a crucial device for finding and fixing PCB flaws. Both product reliability and manufacturing costs may be improved.
A flying probe tester's dual-sided probing function enables the tester to program and electrically test parts of the printed circuit board (PCB) compared to both ends of the board. This makes it possible for the tester to reach parts such BGAs and SMDs that are located on the opposite side of the board. This is a crucial feature since it broadens the variety of components that may be programmed and tested on a PCB.
COVID-19 Impact: Slowdown in Critical Activities to Deplete Market Share
Numerous sectors all across the world were severely impacted by the COVID-19 pandemic, especially in its early stages. Flying probe tester are a component of the electronics sector, which also had both positive and negative effects of COVID-19. The manufacturers first had trouble meeting demand because of supply chain disruptions, but as positive instances gradually decreased, the pressure subsided, allowing them to resume full-fledged operations.
In the coming years, the analyzed flying probe tester market share is anticipated to see new growth opportunities due to the increasing acceptance of technological advances and smart electronic gadgets.
LATEST TRENDS
"Original Equipment Manufacturers to Stimulate Market Development "
The original equipment manufacturers (OEMs) sector dominated the market globally in 2014. The large percentage for original equipment manufacturers (OEMs), who are in charge of producing and timely delivering goods to end-user markets, is one element that contributes to the high share. In addition, OEMs may benefit from increasing market penetration due to regulatory bodies' strict quality criteria.
Due to benefits including flexibility, economy of scale, and uniformity provided by this type of testing across numerous countries globally, the EMS industry is anticipated to experience considerable expansion during the forecast period.
flying probe tester market SEGMENTATION
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- By Type
Based on type; the market is divided into single sided probing tester, dual sided probing tester
Single sided probing tester is the leading part of the type segment.
- By Application
Based on the application; the market is divided into PCB manufacturers, electronic manufacturing service (EMS)
PCB manufacturers is the leading part of the application segment.
DRIVING FACTORS
"Use of PCBs in Linked Automobiles to Aid Market Expansion "
The market has expanded as a result of the use of PCBs in linked automobiles. These completely wired and wireless vehicles make it simple for cars to be linked to computer devices including smartphones because they are so well-equipped. With this technology, drivers can follow their cars using their smartphones, check the battery life of their electric cars, and operate climate control systems remotely.
"Incorporation of Single-Sided Approach to Foster Industry Progress "
These probe testers use the single-sided probing approach to enable a single probe to reach both ends of a board or gadget. To achieve contact on both sides, the single probe is slid across the board. Devices having restricted access, including those with surfaces mount parts on both sides, can benefit from using this technique.
RESTRAINING FACTORS
"Simultaneous Testing of the Components to Stop Market Evolution "
Small holes may be formed in the solder as a result of the tester touching with the soldering on the test pads and through holes. These little pits could be viewed as aesthetic flaws and rejected by some clients. Because the probes occasionally contact part leads when there is not a test pad, lose or improperly soldered part leads may go undetected.
When using a probe tester, the user must test one side before turning it over to test the other. As a result, a probe tester is unable to simultaneously test the components on the top and bottom of the double-sided PCB which is a crucial component for depleting the market in the coming years.
flying probe tester market REGIONAL INSIGHTS
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"Presence of Leading Semiconductor Manufacturers in Asia Pacific to Support Market Advancement "
The Asia Pacific region is predicted to rule the flying probe tester market growth during the forecast period due to the presence of leading semiconductor manufacturers, important suppliers for semiconductor substances, high-end equipment, and specialty semiconductors, mainly in Japan.
South Korea's advantageous position in the worldwide high-bandwidth memory (HBM) or random-access memory (DRAM) sectors is another factor influencing the flying probe tester market. The use of semiconductors in vehicle electronics for safety-related, automated, electrified, and security purposes is another factor driving the demand for probe tester.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Takaya Corporation (Japan)
- ATG Luther & Maelzer GmbH (Cohu) (U.S.)
- SPEA S.P.A. (Italy)
- Seica S.p.a (Italy)
- Hioki E.E. Corporation (Japan)
- Acculogic Inc. (U.S.)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 124 Million in 2020 |
Market Size Value By |
US$ 148.9 Million by 2027 |
Growth Rate |
CAGR of 2.8% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the flying probe tester market expected to touch by 2027?
The global flying probe tester market size is expected to reach USD 148.9 million by 2027.
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What CAGR is the flying probe tester market expected to exhibit by 2027?
The flying probe tester market is expected to exhibit a CAGR of 2.8% by 2027.
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Which are the driving factors of the flying probe tester market?
The driving factors of the flying probe tester market are use of PCBs in linked automobiles combined with incorporation of single-sided approach
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Which are the key players or most dominating companies functioning in the flying probe tester market?
Takaya Corporation, ATG Luther & Maelzer GmbH (Cohu), SPEA S.P.A., Seica S.p.a, Hioki E.E. Corporation are the key players or most dominating companies functioning in the flying probe tester market.