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Tunnel Field-effect Transistor (TFET) Market size was valued at USD 1.18 billion in 2024 and is likely to cross USD 4.42 billion by 2037, expanding at more than 10.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tunnel field-effect transistor is estimated at USD 1.39 billion.
The growth of the market can be attributed to the rising demand for low-power and high-performance transistors along with the increasing number of data centers globally. In data center service, large amounts of data require significant energy consumption which is increasing over time. For instance, in January 2022, there were approximately 2,750 data centers in the United States and around 450 data centers located in the United Kingdom. The increasing availability of huge data to be analyzed by many data centers and the need to keep this data safe and secure increases the requirement for transistors. The increasing IT industry and software applications are also anticipated to hike market growth in the coming years.
The 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.
Growth Drivers
Growth of the Semiconductor Industry with Increasing Consumption of Consumer Electronics – The growing utilization of electronic devices and advancement in artificial intelligence, and internet penetration are estimated to drive the market growth. The introduction of high-capacity memory chips in mobiles and other devices and increasing wireless communication chipsets are estimated to propel the market growth. The semiconductor’s growth is attributed to the rising demand for smartphones, integrated circuits, and memory devices around the world. According to estimates, the total revenue from the global semiconductor industry in 2021 was approximately USD 580 billion, which exceeded the total revenue of around USD 460 billion in 2020.
Increasing Government Support Through Policies Around the World – 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 to Improve the Advancements in Electronics – As per data by the World Bank, global research and development expenditure in proportion to gross domestic product (GDP) was around 2.63% in 2021, up from 2.2% in 2018.
Rising Sales of Smartphones with Increasing Digitalization and Rapid Urbanization – 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 with Increasing Disposable Income of People – As per estimates, global shipments of laptops are projected to cross 265 million units by the end of 2025.
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.7% |
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Base Year Market Size (2024) |
USD 1.18 billion |
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Forecast Year Market Size (2037) |
USD 4.42 billion |
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Regional Scope |
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Application (Analog Switches, Amplifiers, Phase Shift Oscillator, Current Limiter, Digital Circuits)
The global tunnel field-effect transistor (TFET) market is segmented and analyzed for demand and supply by application into analog switches, amplifiers, phase shift oscillators, current limiters, digital circuits, and others. Out of these, the 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. The increasing demand for smartphones and the adoption of laptops and other electronic devices are anticipated to propel the market segment growth. As per estimates, in India, the appliance & consumer electronics industry was valued at around USD 9 billion in 2021 and is projected to cross a valuation of over USD 19 billion by the end of 2025. Such a factor is anticipated to boost the growth of the segment during the forecast period. Increasing disposable income is also expected to rise the number of people using the internet across the world.
End-user (Consumer Electronics, Industrial Electronics, Aerospace, Defense)
The global tunnel field-effect transistor (TFET) market is also segmented and analyzed for demand and supply by end-user into consumer electronics, industrial, aerospace and defense, and others. Amongst these segments, the consumer electronics segment is expected to garner a significant share. The growth of the market segment is attributed to the increasing use of consumer electronics such as televisions, tabs, mobiles, computers, laptops, and air conditioners. The increasing living standards of people increase the population of internet users owing to increasing penetration of the internet and disposable income of people. As per the observations, in 2021 over 5 billion people used television around the world. According to the estimations, about 5 billion internet users are reported across the world in the year 2023. Additionally, growing digitalization technology and rapid urbanization are estimated to boost market growth.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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By End-User |
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North American Market Forecast
North America industry is expected to account for largest revenue share by 2037. 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 Forecast
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.
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Alsephina Innovations, Inc., a wholly-owned subsidiary of Wi-LAN Inc., announced that it has acquired around 1,000 semiconductors patents from a leading semiconductor foundry.
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 part of a plan to strengthen manufacturing and technological competitive advantage while supporting its customer’s demand in the years to come.
Author Credits: Abhishek Verma
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