Tunnel Field Effect Transistor Market

Tunnel Field Effect Transistor Market Research, 2031

The global tunnel field effect transistor market size was $875.3 million in 2021, and is projected to reach $2.5 billion by 2031, growing at a CAGR of 11.2% from 2022 to 2031.

Tunnel field effect transistor (TFET) is a one type of upcoming emerging device. A MOSFET is typically utilized in low-energy electronic devices. The tunneling field effect transistor has a structure that is almost identical to that of the MOSFET, but it has a different important switching mechanism. In contrast to conventional MOSFETs, which modulate thermionic emission over a barrier, TFETs modulate quantum tunneling through a barrier for their switching mechanism. Built in Si (silicon), this transistor has three or four terminals. This transistor's fundamental structure is a gated PIN diode, and its operating principle is gate-controlled band to band tunneling. It is better suited for low-power applications than the MOSFET due to its lower outflow current, improved immunity to short channel effects, sub-threshold swing that is not limited to 60 mV/decade, greater operating speed due to tunneling, a much lower threshold voltage, and a current ratio that is lower on/off and higher on/off. As a result, in low-power and high-speed applications, the TFET can be considered an effective alternative to the MOSFET.

The tunnel field effect transistor market has been severely impacted by the outbreak of the COVID-19 pandemic. With governments of several nations imposing and extending lockdowns, production and manufacturing facilities across the globe have been shut down, leading to crisis and unavailability of workforce. Considering the inputs from various industry experts belonging to the various stages of the value chain, such as OEMs, suppliers, integrators, end users, and distributors, and the financial release of various companies in the tnnel field effect transistor ecosystem, it is estimated that the market has experienced a decline during 2019–2020. Furthermore, the outbreak of the pandemic has disrupted the global supply chain, thereby creating significant gap in supply chain. Economic impact of the pandemic has been disruptive. Key players operating in the tunnel field effect transistor industry temporarily witnessed a slowdown, owing to lack of availability of skilled professionals to develop tunnel field effect transistor market solutions, which has led to decline in revenues for the financial year 2020 to 2021. However, it is expected that the market will recover from 2021 and remain in the growth stage during the forecast period.

The tunnel field effect transistor industry is segmented into Product Type and End User.

On the basis of product type, the tunnel field effect transistor industry is divided into lateral tunneling and vertical tunneling. In terms of the tunnel field effect transistor market share, the lateral tunneling segment was the highest revenue contributor to the market in 2021.

On the basis of end user, it is divided into consumer electronics, automotive, industrial, aerospace and defense and others. Consumer electronics segment had the largest share of the market in 2021.

Region-wise, the tunnel field effect transistor market trends are analyzed across North America (the U.S. and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).

In terms of the tunnel field effect transistor market growth, Asia-Pacific region is expected to grow at a rapid pace due to recent innovations and market demands. China and Japan are the leading countries in this region, owing to the extensive development of manufacturing units, government support, and increase in R&D. The economic boom in Asian countries, cheap labor, and incorporation of technology led to the growth of the electronics industry in this region. Moreover, the presence of key players also contributes to revenue generation. The availability of raw materials and equipment has also boosted the product’s sales.

The significant factors impacting the growth of the global digital movie camera market include high investments and developments of TFET devices and growing demand of TFET in consumer electronics. Investment is expected to be made to develop devices such as tunnel transistors and quantum tunneling transistors which are expected to significantly impact tunnel field effect transistor market forecast. In addition, the market is affected by lack of standard techniques to produce and develop TFET devices. Moreover high demand for new TFET technologies in automotive industry influences the tunnel field effect transistor market outlook. However, each of these factors is anticipated to have a definite impact on the tunnel field effect transistor market opportunity during the forecast period.

Competitive analysis and profiles of the major tunnel field effect transistor market players, such as STMicroelectronics, Infineon Technologies, Texas Instruments Inc, Avago Technologies, Focus Microwave, Advanced Linear Devices Inc, Tri Quint Semiconductor, Axcera, Deveo Oy, Fairchild Semiconductor International Inc. have been provided.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tunnel field effect transistor market analysis from 2021 to 2031 to identify the prevailing tunnel field effect transistor market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the tunnel field effect transistor market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global tunnel field effect transistor market trends, key players, market segments, application areas, and market growth strategies.

 Tunnel Field Effect Transistor Market Report Highlights