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Global Probe Card Market 2017-2021 with Formfactor, Japan Electronic Materials, Micronics Japan & Mpi DominatingDUBLIN, September 19, 2017 /PRNewswire/ -- The "Global Probe Card Market 2017-2021" report has been added to Research and Markets' offering. The global probe card market to decline at a CAGR of 4.95% during the period 2017-2021. Global Probe Card Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from new shipments and aftermarket sales According to the report, one of the major drivers for this market is Increase in number of fabs. The top firms worldwide are investing in the latest technologies to develop innovative products in terms of reduced size and improved deliverance. This has led to the increased construction of fabs to meet the growing requirements of the firms. The latest trend gaining momentum in the market is Increase in number of fabless semiconductor companies. One of the factors drving companies to go fabless is that they will be able to minimize overhead expenses in terms of the operation and maintenance of foundries. The primary focus of semiconductor companies is to improve the design and development processes of products. Hence, manufacturers are outsourcing fabrication and other foundry-related activities to other companies that specialize in the manufacturing, assembly, and testing of semiconductor ICs. Further, the report states that one of the major factors hindering the growth of this market is Pressure on pricing strategies of vendors. The cyclicity of the semiconductor industry has always created price pressure for semiconductor manufacturers. A low demand for semiconductors will trigger a reduction in their prices and high demand will lead to an increase in the prices. In case of a reduction in prices, the device manufacturers, which are the customers of the testing equipment, will incur losses to clear up their inventory. Hence, many product manufacturers prefer to use the testing equipment on a lease basis, thus limiting the sales of the equipment. While this helps the product manufacturers to reduce their capital expenditure, it poses considerable challenges to the global probe card market as a reduction in the sales of the testing equipment will affect the demand for probe cards
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