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 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, by Product Type Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 2.5 billion |
 Growth Rate | CAGR of 11.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 185 |
 By Product Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | Fairchild Semiconductor International Inc., Deveo Oy, Qorvo, Inc, Infineon Technologies, Advanced Linear Devices, Inc., Texas Instruments Inc, Axcera, Avago Technologies (Broadcom Inc), st microelectronics, Focus Microwaves |
Analyst Review
The tunnel field effect transistor market is expected to grow at a significant rate owing to its rapid adoption in IT & telecommunication and consumer electronics industries. The current business scenario has witnessed an increase in demand for TFETs, particularly in developing regions, owing to rising adoption of tunnel field effect transistors. Companies in this industry have adopted various innovative techniques such as mergers and acquisitions to strengthen their business position in the competitive matrix.
The tunnel field effect transistor market has steadily gained traction, owing to rise in demand for enhanced technologies in telecommunication across industries and integration of IoT and AI in different industrial applications, including servers, storage applications, and others.
Apart from tunnel field effect transistor manufacturing companies operating in the market, service providers are also key participants and contribute toward the growth of the overall Tunnel Field Effect Transistor market. Service providers use different technologies and materials to provide customized Tunnel Field Effect Transistor products. Key players profiled in the report include 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.
Lateral tunneling is the leading product type of tunnel field effect transistor market.
Asia-Pacific is the largest regional market of tunnel field effect transistor market.
The estimated industry size of tunnel field effect transistor was US$ 875.3 million in 2021.
STMicroelectronics, Infineon Technologies, Texas Instruments Inc, Avago Technologies, Focus Microwave, Advanced Linear Devices Inc, Tri Quint Semiconductor, Axcera, Deveo Oy, and Fairchild Semiconductor International Inc. are the top companies in the market.
The market is estimated to expand at 11.15% CAGR during 2022 - 2031.
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