Tunnel Field Effect Transistor Market Expected to Reach $2.5 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Tunnel Field Effect Transistor Market," The tunnel field effect transistor industry was valued at $875.31 million in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 11.2% from 2022 to 2031.

The Tunnel Field Effect Transistor (TFET) is a specialized version of a field-effect transistor (FET) that utilizes quantum tunneling phenomena for its operation. It aims to overcome the limitations of traditional metal-oxide-semiconductor FETs in terms of power consumption and performance. The TFET operates effectively at lower supply voltages, making it suitable for energy-efficient integrated circuits and low-power electronics.

The core principle of the TFET is quantum tunneling, where particles can pass through energy barriers that classical physics would consider impassable. It consists of a thin barrier, typically made of a semiconductor material, situated between heavily doped source and drain regions. Control over the current flow is managed by a gate electrode.

In contrast to conventional FETs that manipulate a classical energy barrier using an electric field, the TFET capitalizes on quantum tunneling. Application of a voltage to the gate generates an electric field that induces the tunneling of charge carriers (electrons or holes) across the energy barrier. This results in a sharp sub-threshold swing, representing how fast the transistor can switch on and off. The TFET's sub-threshold swing can approach a fundamental limit of 60 mV/decade, a significant improvement compared to the classical 60 mV/decade limit of standard FETs.

The TFET's ability to achieve such low sub-threshold swings enables efficient operation at reduced supply voltages, cutting power usage while maintaining satisfactory performance. This makes TFETs attractive for applications where energy efficiency is crucial, including mobile devices, IoT gadgets, and wearable electronics.

However, developing TFET technology presents challenges. Producing high-performance TFETs and seamlessly integrating them into existing semiconductor processes can be intricate. Moreover, TFETs may involve trade-offs, such as lower drive currents compared to traditional FETs.

In summary, the Tunnel Field Effect Transistor (TFET) is a new semiconductor device that exploits quantum tunneling to enhance energy efficiency and performance at lower supply voltages. Its unique operational principle positions it as a promising contender for future low-power electronics, contributing to the evolution of energy-efficient integrated circuits and diverse electronic applications. Continued research and development in TFET technology strive to overcome challenges and unlock its full potential for upcoming electronic devices.

High investments and developments of TFET devices and growing demand of TFET in consumer electronics are the factors that drive the market. Investment is expeted to be seen in devices such as tunnel transistor and quantum tunneling transistor which will affect the tunnel field effect transistor market size and tunnel field effect transistor market share. However, the tunnel field effect transistor market growth will be hampered by lack of standard techniques to produce and develop TFET devices. Conversely, tunnel field effect transistor market trends include the high demand for new TFET technologies in automotive industry, which is expected to create lucrative market opportunity.

The tunnel field effect transistor market analysis shows that, by product type, the market is fragmented into lateral tunneling and vertical tunneling. The lateral tunneling segment was the highest revenue contributor to the market, with $488.1 million in 2021, and is estimated to reach $1,238.6 million by 2031, with a CAGR of 9.83%.

On the basis of end user, the market is segregated into consumer electronics, automotive, industrial, aerospace and defense and others. In this tunnel field effect transistor market share, the consumer electronics segment dominated the market in 2021, accounting for $223.4 million, and is estimated to reach $580.1 million by 2031, with a CAGR of 10.09%.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, accounting for $379.4 million, and is estimated to reach $1,169.9 million by 2031, with a CAGR of 4.90%.

Key Findings of the Study

• In 2021, the lateral tunneling segment accounted for maximum revenue, while vertical tunneling is expected to expand to grow at a notable CAGR during the forecast period.
• In 2021, consumer electronics segment dominated the market in 2021, while the automotive segment is estimated to expand at the fastest speed during the forecast period.
• In 2021, Asia-Pacific contributed for the major share of the tunnel effect transistor market, and is also estimated to expand at the fastest rate during the forecast years.

The key players profiled in the tunnel field effect transistor market are STMicroelectronics, Infineon Technologies, Texas Instruments Inc, Avago Technologies, Focus Microwave, Advanced Linear Devices Inc, Tri Quint Semiconductor, Axcera, Deveo Oy, Fairchild Semiconductor International Inc. Several different strategies have been adopted by these players to expand their foothold in the market. These strategies include business expansion, launch of new products, acquisitions, and business expansion.