Tunnel Field-Effect Transistor (TFET) Market - Regional Analysis
North American Market Insights
North America industry is expected to account for largest revenue share by 2035. The growth of the market can be attributed majorly to the growing demand and penetration for next-generation smartphones 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 market growth in the region during the forecast period.
Europe Market Insights
Further, the market in the Europe region is estimated to gain 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 enabling the next generation of wireless connectivity. Furthermore, key factors such as increasing digitalization and increasing investment in the implementation of advanced technologies along with a digital transformation in mobile devices are anticipated to drive the growth of the tunnel field-effect transistors (TFET) market in the coming years.
