Tunnel Field-Effect Transistor Market Trends

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

• Less Awareness about the Benefits of TFET in the Market - Not everyone is aware of the advantages of the TFET models as there are other transistors. Also, the requirement for skilled professionals to operate and develop these tunnel field transistors is estimated to hinder the market growth.
• Source/Drain Asymmetry that Raises Reliability Issues
• Increased Subthreshold Swings at a Higher Tunneling Rate