Portland, OR, Jan. 20, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global tunnel field effect transistor market generated $875.31 million in 2021, and is estimated to reach $2.5 billion by 2031, witnessing a CAGR of 11.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $875.31 Million |
| Market Size in 2031 | $2.5 Billion |
| CAGR | 11.2% |
| No. of Pages in Report | 185 |
| Segments Covered | Product Type, End User, and Region |
| Drivers | High investments and developments in TFET devices |
| Investment in devices such as tunnel transistor and quantum tunneling transistor | |
| Growing demand for TFET in consumer electronics | |
| Opportunities | High demand for new TFET technologies in the automotive industry |
| Restraints | Lack of standard techniques to produce and develop TFET devices |
Covid-19 Scenario:
- The tunnel field effect transistor market was severely impacted by the outbreak of the COVID-19 pandemic. With governments worldwide imposing lockdowns, production and manufacturing facilities across the globe were shut down, leading to crisis and unavailability of workforce.
- The pandemic disrupted the global supply chain. Key players operating in the tunnel field effect transistor market witnessed a slowdown temporarily, owing to lack of availability of skilled professionals to develop tunnel field effect transistor market solutions.
- However, the market recovered in 2021 and is expected to remain in the growth stage during the forecast period.
The report offers a detailed segmentation of the global tunnel field effect transistor market based on product type, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on product type, the lateral tunneling segment held the largest share of more than half of the global tunnel field effect transistor market in 2021. The vertical tunneling segment, however, is estimated to maintain its leadership in terms of revenue and exhibit the fastest CAGR of 12.62% during the forecast period.
Based on end user, the consumer electronics segment was the largest in 2021, capturing one-fourth of the global tunnel field effect transistor market share. However, the automotive segment is estimated to witness a noteworthy revenue growth and the fastest CAGR of 13.13% during the forecast period. The report also mentions the industrial, aerospace and defense, and others segments.
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global tunnel field effect transistor market share and is likely to maintain its leadership status during the forecast period. The same market is expected to manifest the highest CAGR of 12.0% from 2022 to 2031. The other regions analyzed in the study include North America, Europe, and LAMEA.
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Leading players of the global tunnel field effect transistor market analyzed in the research include Advanced Linear Devices, Inc., Qorvo, Inc, Axcera, Infineon Technologies, Fairchild Semiconductor International Inc., Focus Microwaves, Avago Technologies (Broadcom Inc), St. Microelectronics, Deveo Oy, and Texas Instruments Inc.
The report analyzes these key players of the global tunnel field effect transistor market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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 opportunities.
- 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 to 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.
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Key Market Segments
Product Type
- Lateral Tunneling
- Vertical Tunneling
End User
- Consumer Electronics
- Automotive
- Industrial
- Aerospace and Defense
- Others
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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