The global contact probe market valued US$ 561,560.5 thousand in 2019 and it is expected to grow at a CAGR of 3.7% to reach US$ YY thousand by 2027.
Contact probe is a testing instrument which can be fitted into assembly lines of the electronic devices manufacturing industries for testing of semiconductor, electronics and electrical devices. The equipment helps to reduce the labor cost, time and manual efforts involved in the semiconductor manufacturing process by ensuring high quality of the devices. The size of such test equipment varies from small computer-driven dedicated fixed purpose testers to large programmable machines. The cost of the equipment also varies according to the size. Contact probes are test equipment devices that perform wafer testing or wafer sorting for the semiconductor device.The contact probes provide accurate testing of the irregular shapes roughness testing of the surface of equipment. Hence contact probes are preferred in a wide variety of applications including manufacturing industries, automotives, electronics, semiconductors and many more.
Depending upon the product, the global contact probe market is divided into battery contacts, short travel probes, fine pitch probes, double plunger probes, interface probes, coaxial probes, radio frequency probes (RF probes), high current probes, threaded probes, wire harness probes, step probes, switch probes, twist proof probes, push back probes and others. Short travel probes are dominating the product segment of the global contact probe market with a share of 13.94% in 2019.
Depending on the type, the global contact probe market is divided into 3D Touch Probes 2D Spindle Probes Tool-Length Measuring Probes Tool Touch-off Probes. Among these, 3D touch probes are dominating the market with a share of 57.61% in 2019.
In terms of region the global contact probe market is divided into North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Asia-Pacific is dominating the market with a market share of 38.35% in the forecast period due to presence of a huge consumer market.
Market Dynamics
Drivers
- Growing application of contact probes in various electronic instruments
- Growing adoption of various consumer electronic products and futuristic technology
Restraints
- Design and construction limitations
Growing application of contact probes in various electronic instruments
Spring contact probes or contact probes are used for a consistent low-wear contacting and testing of electric and electronic devices. General applications are PCB test, wire harness and connector test, the use as charging and battery contacts or connectors of cordless electronic devices. To cater to the various applications, contact probes are available in a variety of tip styles, dimensions and spring forces, some even with added integrated functions, which is helping the market to capture the electronic market in terms of testing and as a connector. For instance, contact probes are used for wire harness and connector test whose main functions are measurements of active resistance of conductors, studies on the influence of environmental factors, test of mechanical parameters, test of resistance of chemical agents etc., with various types of probes such as threaded probes, step probes, push back probes. The example of contact probes in wire harness is, light contact probes, which are used as testing instruments for terminal insertion of wire harness connectors making module construction easier. Originally contact probes were innovated for PCB testing and at present, they have become standardized. They are material commodities and need to be restored and changed on a regular basis. The steady demand for PCBs is providing steady market revenue to the contact probes due to the constant demand for testing products globally. For instance, according to IPC (Association Connecting Electronics Industries), total North American PCB shipments in December 2019 were increased by 8.7 percent compared to the last year. Coaxial probes, radiofrequency probes and fine pitch probes are used in high frequency-based electronic applications such as measurement of very low resistance for contacting small SMD switch connectors and application in front-end & back-end test. High currents are fields of application for contact probes which are rapidly increasing. This is always linked with definite and complex challenges, which contact probes manufacturers overcome through intensive research and development work. The contact probe industry provides charging and battery contacts in very fine dimensions for installation in systems or devices for these applications. Some of the probes that are used for high current applications is high current probes, coaxial high current probes, battery contacts and short travel probes. Connector based application of contact probes is in trend and these probes are mainly used in portable electronic devices for charging and other easy connection purposes. Some connection-based applications are memory card connector, battery connector, charging waterproof connector, high-frequency connector, board to board connector, movable connector etc. Some of the recent applications of contact probes as a connector are TWS Bluetooth earphones, 2 in 1 tablet connectors, smart doorbells, and E-cigarette.Technological rapid improvement, Internet of things, and high-speed internet services are driving the global contact probe market to ensure seamless connectivity options and optimization of various electronic devices.
Geographical Analysis
North America contact probe market is expected to grow with a CAGR of 2.7% during the forecast period, reaching USD YY thousand in 2027, from its recorded value of USD 1,71,051.31 thousand in 2019. The United States dominated the North America contact probe market with a share of 68% in the year 2019. In 2019, the US economy grew at a rate of 2.3 percent year over year, compared to 2018. The country's GDP was forecast to drop to -4.3 percent in 2020, according to the International Monetary Fund (IMF) and pick up to 3.1% in 2021, subject to the post-pandemic global economic recovery. The United States represents one of the largest and most technologically advanced economies in the world. This dominant position enabled the country to become one of the hotspots for the contact probe market, globally. The healthcare sector in the United States is by far one of the most advanced sectors in the world. The country’s healthcare expenditure stood at USD 3.8 trillion in 2019, an increase of around 4.8% over 2018. National healthcare spending is expected to increase at a rate of 5.7 percent per year from 2020 to 2027, reaching approximately USD 6 trillion in 2027. Moreover, the recent pandemic has played a key role in gearing up the previously predicted growth of the healthcare sector and the demand of contact probes for various applications of the country in the healthcare end use industry. Battery and charging contacts are compact and direct solderable contact probes that are frequently used in the medical industry or in general products. In recent years, there has been a significant demand for newer and faster electronic products, due to the rapid pace of innovation, the advancement of technology, and R&D activities in the electronics industry. There is a significant increase in the number of manufacturing plants and development centers in the United States, primarily due to the focus on developing high-end products. This in turn, is expected to drive the contact probes market in the United States as they are majorly used in the manufacturing of electronic devices.
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