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Tunnel Field-effect Transistor (TFET) Market Analysis by Type (Lateral Tunnelling and Vertical Tunneling); by Application (Analog Switches, Amplifiers, Phase Shift Oscillator, Current Limiter, Digital Circuits and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • November, 2018: Alsephina Innovations, Inc., a wholly-owned subsidiary of Wi-LAN Inc., today announced that it has acquired around 1,000 semiconductors patents from leading semiconductor foundry. 

  • November, 2021: Texas Instruments Incorporated (TI), a market leader in the design, manufacturing and sales of analog and embedded semiconductors, today announced plans to build a new 300-mm semiconductor wafer fabrication plant in Sherman, Texas. The decision is a part of a plan to strengthen manufacturing and technological competitive advantage while supporting its customers demand in the years to come.

Global Tunnel Field-effect Transistor (TFET) Market Size, Forecast, and Trends Highlights Over 2022 - 2031

Tunnel Field-effect Transistor (TFET) Market CAGR

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.

Tunnel Field-effect Transistor (TFET) Market Overview

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.

Global Tunnel Field-effect Transistor (TFET) Market: Growth Drivers and Challenges

Growth Drivers

  • 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.

Challenges

  • Less Awareness about the Benefits of TFET in the market
  • Source/Drain Issues raises Reliability Issues
  • Increased Subthreshold Swings at Higher Tunneling Rate

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.

Global Tunnel Field-effect Transistor (TFET) Market Regional Synopsis

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.

Tunnel Field-effect Transistor (TFET) Market Share

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The global tunnel field-effect transistor (TFET) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global tunnel field-effect transistor (TFET) market includes the following segments:

By Type

  • Lateral Tunneling
  • Vertical Tunneling

By Application

  • Analog Switches
  • Amplifiers
  • Phase Shift Oscillators
  • Current Limiter
  • Digital Circuits
  • Others
 

Top Featured Companies Dominating the Global Tunnel Field-effect Transistor (TFET) Market

  • STMicroelectronics International N.V.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Infineon Technologies AG
  • Texas Instruments Incorporated
  • Advanced Linear Devices Inc.
  • Fairchild Semiconductor International Inc. (Semiconductor Components Industries, L.L.C.)
  • Taiwan Semiconductor Manufacturing Company
  • Avago Technologies Limited (Broadcom, Inc.)
  • Qorvo Inc.
  • Toshiba Corporation
  • Alsephina Innovations, Inc. (Wi-LAN Inc.)

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