Probe Station Market REPORT OVERVIEW
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The global probe station market size was USD 915.2 million in 2021 and is projected to touch USD 2457.29 million by 2031, at a CAGR of 10.4% during the forecast period.
A probe station is used to physically collect signals from a semiconductor device's internal nodes. The probe station makes use of manipulators that enable the exact positioning of small needles on a semiconductor device's surface. When an electrical stimulus is applied to the device, the mechanical probe picks up the signal and displays it on an oscilloscope. The failure investigation of semiconductor devices frequently makes use of the probe station.
Probe stations are frequently employed in academic research on electronics and materials science. Testing a new electronic device or sample with a probe station is frequently quicker and more convenient than wire bonding and packaging the item beforehand. A probe station provides value to your testing with its capacity to precisely manage how the external stimulus is applied, how the probes are placed on the device, and the surrounding environmental factors while the test is being conducted.
COVID-19 Impact: Utility of Product as a Covid Vaccine Increased Market Share
The effects of the COVID-19 pandemic are already being felt on a global level, the global probe stations market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the probe station market.
Due to the constraints put forth by the pandemic, some applications of the global probe stations market faced a major downfall. The closure of borders, transportation halt, general uncertainty impacted the global supply chain of the market. According to a survey conducted by Semiconductor Industry Association, 83% of the market reported disruption in operations, research and development. This was caused as a result of mandates to shut down facilities.
The global probe stations market had a major boost in the existing applications in healthcare. Genetic sequencing machines that were used to diagnose COVID-19 patients, ventilators given to those severely ill relied on semiconductors as their major functioning component. Microchips inside smartphones made it possible to track and trace people who have had contact with those who are infected.
LATEST TRENDS
"Latest R&D to Benefit Market Prospects"
According to International Roadmap for Devices and Systems, the global probe stations market share appears to be at or very close to a historical inflection point. Demand for progressively more compact, lighter, and more potent semiconductors is being driven by new applications. The probe stations market is being impacted by rising consumer expectations for a variety of goods, including safer travel, so on. The need for systems on a chip (SOCs) with the greatest possible functional integration has developed, which has increased the number of semiconductor intellectual property [IP] cores.
Additionally, semiconductor memory IP has been directly impacted by the demand for high-performance memory systems. The development of increasingly complicated semiconductors that can support intensive memory operations is being driven by the market demand for quicker and more effective memory solutions. Overall, the market is seeing massive investments due to the increased reliance on IP solution providers.
Probe Station Market SEGMENTATION
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- By Type
Based on type, the market is divided into Manual Probe Station, Semi Auto Probe Station, and Auto Probe Station.
Manual Probe station holds a major share of the global market.
- By Application
Based on application, the market is bifurcated into Semiconductor, Microelectronics, Opt Electronics, and Others.
Semiconductor as application holds a major share of the global market.
DRIVING FACTORS
"Rapid Shift in Technology to Boost Market Share"
As the 2020 edition of the International Roadmap for Devices and Systems (IRDS™) stated that new semiconductor applications are now driving technological development and spurring problem-solving and innovation. The global probe stations market size has been significantly impacted by technological development and the integration of technology in the new digital environment.
"Growing Demand in Diverse Industries to Boost Market Size"
Probe stations applications to serve as a testing and validation base for systems and circuits. The global probe stations market size is estimated to grow in the forecasted period with the growing applications across end-users. The applications are widening in manufacturing facilities to cope with the demand for integrated circuits used in the growing number of electronic devices. The adoption of semiconductors is increasing owing to emerging technologies such as autonomous driving, artificial intelligence, Internet of Things, further boosting the global probe stations market.
"Growing Competition May Hamper Market Growth"
The demand for complex electronic circuitry is reducing as the technological developments across circuitry is increasing. Circuitry poise as a major contributor of the market due to its various end users. Its applications range from mobile phones, washing machines to air conditioners. The advancements in these electronic devices and further automation is poised to be a major constraint for the global probe stations market.
Probe Station Market REGIONAL INSIGHTS
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"Asia Pacific Dominates the Market owing to Growing Semiconductor Production"
APAC region is dominant of the global probe stations market in the forecast period owing to the presence of major semiconductor manufacturers, major suppliers, high end equipment and silicon-based semiconductors. They hold the competitive edge in propelling probe stations market. Integration of semiconductors in cars for safety related electronics system, electrification, digital connectivity and security is expected to drive the probe stations market. North America holds the second major share.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Tokyo Electron Ltd [Japan]
- Tokyo Seimitsu [Japan]
- FormFactor [U.S.]
- MPI Corporation [Taiwan]
- Electroglas [U.S.]
- Wentworth Laboratories [U.S.]
- Shen Zhen Sidea [China]
- Hprobe [France]
- Micronics Japan [Japan]
- Psaic [India]
- Lake Shore Cryotronics Inc [U.S.]
- KeithLink Technology [Taiwan]
- ESDEMC Technology LLC [U.S.]
- Semishare Electronic [China]
- KeyFactor Systems [Hong Kong]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 915.2 Million in 2021 |
Market Size Value By |
US$ 2457.29 Million by 2031 |
Growth Rate |
CAGR of 10.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
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 diabetic meal delivery service market expected to touch by 2031?
The global diabetic meal delivery service market is expected to reach USD 2457.29 million by 2031.
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What CAGR is the diabetic meal delivery service market expected to exhibit by 2031?
The diabetic meal delivery service market is expected to exhibit a CAGR of 10.4% by 2031.
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Transition to digital era and growing applications of end-users are drivers of this diabetic meal delivery service market.
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Which are the top companies operating in the diabetic meal delivery service market?
Tokyo Electron Ltd, Tokyo Seimitsu, FormFactor, MPI Corporation, Electroglas, Wentworth Laboratories, Shen Zhen Sidea, Hprobe, Micronics Japan, Psaic, Lake Shore Cryotronics Inc, KeithLink Technology, ESDEMC Technology LLC, Semishare Electronic, KeyFactor Systems are key companies operating in the diabetic meal delivery service market.