The Asia Pacific Tunnel Field Effect Transistor Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Despite conventional thermal injection, a TFET uses charge-carrier transportation in device channels using quantum mechanical-based band-to-band tunneling. The TFETs fabricated with thin semiconducting film or nanowires can achieve a 100-fold power drop compared to complementary metal-oxide-semiconductor (CMOS) transistors.
As a result, using TFETs and CMOS technology together could ameliorate integrated circuits for low-power devices. Furthermore, the discovery of two-dimensional materials with various electronic properties has opened new gateways for condensed matter physics, material science and nanotechnology. Thus, potentially enhancing TFET-based devices in terms of device design and performance.
The Indian government has launched several initiatives which have raised the domestic production of electronic goods from $37 billion in 2015-16 to $74 billion in 2020-21. Many government policies such as the flagship Production Linked Incentives (PLI) schemes, Scheme for Promotion of Manufacturing of Electronics Components & semiconductors, and Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme. Initiatives to expand the electronic industry and their trade will raise the usage of tunnel field effect transistors in the APAC region.
The China market dominated the Asia Pacific Tunnel Field Effect Transistor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $169.7 Million by 2028.The Japan market is estimated to grow a CAGR of 9.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.9% during (2022 - 2028).
Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Aerospace & Defense and Others. Based on Product Type, the market is segmented into Lateral Tunneling and Vertical Tunneling. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Tunnel Field Effect Transistor Market is Projected to reach USD 1.6 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Qorvo, Inc., Texas Instruments, Inc., Infineon Technologies AG, ON Semiconductor Corporation, Broadcom, Inc., STMicroelectronics N.V., Advanced Linear Devices, Inc., Axcera, Inc., and Focus Microwaves, Inc.
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