Tunnel Field-Effect Transistor Market Size

Tunnel Field-Effect Transistor (TFET) Market size was over USD 1.07 Billion in 2023 and is likely to reach USD 4.07 Billion by the end of 2036, witnessing around 10.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of tunnel field-effect transistor is assessed at USD 1.19 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.