The global tunnel field-effect transistor (TFET) market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031.
Further, the market generated a significant revenue in the year 2021. The market is estimated to grow on the back of rising demand for low power and high-performance transistors along with increasing number of data centers globally. In data centers, large amounts of data require significant energy consumption which is increasing over time. For instance, as per January 2022, there were approximately 2,750 data centers in the United States, and around 450 data centers located in the United Kingdom.
Source – Research Nester
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The global tunnel field-effect transistor (TFET) market is also estimated to witness growth on account of increasing demand for TFET as a leading future transistor for next generation Internet of Things (IoT) devices. According to estimates, in 2019, there were around 10 billion IoT devices globally, which is projected to increase to 30 billion by the end of 2025. Furthermore, silicon-based tunnel field-effect transistors are capable of achieving low subthreshold swings while providing only low-current levels. In addition, manufacturers are replacing the traditional metal-oxide semiconductor field-effect transistor (MOSFET) with TFET, owing to the various advantages offered by TFETs including low power consumption and low odd-state current. Hence such factors are anticipated to boost the growth of the market in the coming years.
Growth of Semiconductor Industry – According to estimates, the total revenue from the global semiconductor industry in 2021 was approximately ~USD 580 billion, which exceeded the total revenue of ~ USD 460 billion in 2020.
Increasing Government Support Through Policies – According to the data, in 2019, the Government of India launched the National Policy on Electronics (NPE 2019) to strengthen the manufacturing industry with a target of approximately ~USD 390 billion business in domestic manufacturing by the end of 2025.
Increased Research & Development Expenditure – As per data by the World Bank, global research and development expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2021, up from 2.2% in 2018.
Rising Sales of Smartphones – As per estimates, globally around 1.4 billion units of smartphones were sold in 2021 as compared to 2020, which was around 1.3 billion units.
Growing Adoption of Laptops – As per estimates, global shipments of laptops are projected to cross 265 million units by the end of 2025.
The tunnel field-effect transistor (TFET) market is segmented and analyzed for demand and supply by application into analog switches, amplifiers, phase shift oscillators, current limiter, digital circuits and others. Out of these, digital circuits segment is estimated to garner the largest market share over the forecast period, backed by the rising adoption of digital circuits in the manufacturing of consumer electronics. As per estimates, in India, the appliance and consumer electronics industry were valued around USD 9 billion in 2021 and is projected to cross valuation of ~USD 19 billion by the end of 2025. Such a factor, is anticipated to boost the growth of the segment during the forecast period.
Regionally, the global tunnel field-effect transistor (TFET) market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the growing demand and penetration for next generation smartphone in the region. According to estimates, in the United States, more than 75% of the population owns a smartphone-approximately 265 million. In addition, increasing technological advances such as integrating TFETs with complementary metal-oxide semiconductor (CMOS) technology help to improve low-power integrated circuits. Hence such factors are expected to drive the market growth in the region during the forecast period.
Further, the market in the Europe region is estimated to gain a significant growth during the forecast period, owing to the increasing demand for next generation wireless connectivity systems. In recent years, advances in technology have made Europe a strong region in the world of 5G technology implementation, thus enable the next generation of wireless connectivity. Furthermore, the key factors such as increasing digitalization and increasing investment in the implementation of advanced technologies along with digital transformation in mobile devices are anticipated to drive the growth of tunnel field-effect transistors (TFET) market in the coming years.
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The global tunnel field-effect transistor (TFET) market is further classified on the basis of region as follows:
Our in-depth analysis of the global tunnel field-effect transistor (TFET) market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The rising growth of semiconductor industry along with various government support and policies is estimated to majorly boost the market growth.
The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022 – 2031.
Lack of awareness regarding the benefits of tunnel field-effect transistors market is estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Infineon Technologies AG, Texas Instruments Incorporated, Advanced Linear Devices Inc., Fairchild Semiconductor International Inc., Taiwan Semiconductor Manufacturing Company and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application and by region.
The digital circuits segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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