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The global field effect transistor (FET) market size is estimated to grow by USD 5,595.82 million between 2022 and 2027 at a CAGR of 5.95%. The growth of the market depends on several factors, including the increased investments in data centers, the increased demand for longer battery life in portable consumer devices, and the increasing use of FET in the automotive industry.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increased investments in data centers are the key factor driving the growth of the market. Data center servers use multiple power sources. FETs are used for efficient and fast switching in the case of a short circuit or fault, thereby isolating the input fault from the rest of the system and allowing the replacement of the hard drive, power supply, and other devices without shutting down the whole server system. Currently, data centers consume approximately 2.1% of global power, which is expected to reach 5.5% by 2023. Power consumption currently accounts for approximately 11% of the data center's operating expenses, which is expected to increase to 15.8% by 2023. This is driving the use of FETs in the power conversion equipment in data centers.
Semiconductor device manufacturers are using wide-bandgap (WBG) semiconductor materials for manufacturing high-efficiency MOSFETs. This is because the WBG semiconductor materials used in developing rack-mount power supplies and other power conversion equipment have the potential to produce the power density required to maximize the rack space and increase the efficiency of the data center. Therefore, the growing investments in data centers will drive the demand and thereby enhance the growth of the market during the forecast period.
The growing demand for FinFET technology is the primary market trends. A FinFET is a 3D transistor, and FinFET technology is a nonplanar double-gate transistor. FinFET technology is adopted by ICs and chipset manufacturers. FinFET technology stands for Fin Field effect transistors, which are integrated into processors and baseband modem chips for increased transmission of power and supply of signals. FinFET technology can be used in several electronic applications such as laptops, notebooks, and smartphones. Apple integrated the A5 application processor in the iPhone 4s, which is the 14-nm/16-nm technology, in 2015. The iPhone6s/6s+ and the Samsung Galaxy S6 were also equipped with the 14-nm/16-nm technology.
In 2016, the Galaxy S7 used the 14-nm, and the iPhone 7 and 7+ used the 16-nm FinFET. The growing number of investments in this technology encourages the growth of the market. In July 2021, SAMSUNG announced the production of SoC-Snapdragon 888+ 5G chips by Qualcomm using the 5 nm process to deliver a 35% higher speed and improved power consumption compared with that of its predecessor. Thus, the increase in the adoption of transistors will hinder the market growth and trends during the forecast period.
The decreased sales of electronic devices are a major challenge to the growth of the market. The decrease in the sales of cell phones, desktops, and tablets is a major challenge to the market. The sales of desktops witnessed a steady decline, which affected the revenue of firms such as International Business Machines Corp and Intel Corp. The global shipment of PCs dropped to almost 6% in the first quarter of 2021 compared with the first quarter of 2020, which was a major source of concern for PC manufacturers. Apple leads the tablet market with a share of almost 39% of the total tablet shipments. Apple has always had a clear pricing strategy.
Moreover, companies cater to the demands of firms such as Apple, and a decrease in the sale of products to clients will inadvertently reduce the sales of transistors. Therefore, Companies are forced to decrease the prices of their products, which directly impacts the revenue of the vendor and the market. Therefore, increased inventory that incurs additional costs for Companies will also contribute to decreased sales of electronic devices, which will hinder the growth of the market during the forecast period.
The market share growth by the consumer electronics segment will be significant during the forecast period. In this segment, the adoption of home appliances, such as smart refrigerators, smart washing machines, and smart microwave ovens, is expected to rise during the forecast period. Smart home appliances provide convenience, efficiency, and safety for users. Smart refrigerators inform users about the available stock of supplies and can also place an order and purchase groceries on behalf of users.
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The consumer electronics segment was valued at USD 539.48 million in 2017 and continued to grow by 2021. One of the major factors for the growth of the consumer electronics segment is the increasing demand for processing power for mobiles and other computing devices. For improving the performance of consumer electronics, alterations to the core of devices are essential. Processors have become quad-core and octa-core from the traditional single or dual-core processors, and the ICs house an increased number of semiconductor components, such as FETs. Several feature phones have been replaced by smartphones, cathode ray tube televisions (CRT TVs) have been replaced by light-emitting diode (LED) and organic LED (OLED) TVs, laptops are integrated with detachable displays, and several other innovations have entered the market. Such factors will increase the market growth during the forecast period.
A metal-oxide-semiconductor field-effect transistor (MOSFET) is a three-terminal semiconductor component and a type of transistor that is used for switching electronic signals. The demand for MOSFETs is expected to be driven by the following factors: Increasing demand for consumer electronic devices Growing investments in data centers Increasing investments in telecommunication network infrastructure Increasing focus on smart city projects Increasing implementation of energy-efficient LED lighting solutions Rising adoption of in-vehicle electronics Increasing focus on renewable energy sources Growing demand for IoT devices. All the above-mentioned factors are leading to an increase in demand for miniaturized semiconductor components that can be fabricated within a given area.
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APAC is estimated to contribute 55% to the growth of the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for FETs in APAC is expected to be driven by the growing investments in telecommunication network infrastructure, the rising demand for mobile communication devices, and the increasing deployment of advanced electronics by automotive OEMs. The market is dominating the global market owing to the presence of several consumer electronics manufacturers, display manufacturers, and automobile manufacturers in this region. OEMs are concentrated in the region, and these manufacturers purchase FETs in bulk orders. Moreover, automobile manufacturers include Toyota Motor Corp, Nissan Motor Co Ltd, and MITSUBISHI MOTORS Corp. The availability of raw materials and the low establishment and labor costs have helped companies set up their manufacturing plants in this region. In addition, the high concentration of several electronics manufacturers in countries such as Japan, South Korea, and Taiwan is another major factor that will contribute to the growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alpha and Omega Semiconductor Ltd. - The company offers N-Channel Enhancement Mode FET.
The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The Field Effect Transistor (FET) Market is pivotal in numerous industries, particularly automotive components, infotainment, and solid-state lighting. As demand for fuel efficiency and security in transportation grows, FETs play a crucial role in energy management, automation, and navigation systems. They're integral in amplifiers, electric motors, and actuators, enhancing functionalities like AC blower motors and fuel injectors. With electric vehicles gaining momentum, FETs contribute to power performance and operational efficiency, aiding in mixer circuits and low-frequency amplifiers while minimizing intermodulation distortions.
Additionally, FETs serve as voltage-controlled devices and voltage variable resistors, essential for solid-state switches and operational amplifiers. Static electricity considerations ensure reliability in diverse environments. Manufacturers, global supply chains, and electronic brands leverage FETs to enhance their products' performance, with producers and exporters continually innovating in packing sizes and component quality, including capacitors, diodes, and rectifiers, to meet the demands of the evolving electronics market.
The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Field Effect Transistor (FET) Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.95% |
Market growth 2023-2027 |
USD 5,595.82 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.11 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 55% |
Key countries |
US, China, Japan, Taiwan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alpha and Omega Semiconductor Ltd., Broadcom Inc., Furukawa Electric Co. Ltd., Hangzhou Silan Microelectronics Co. Ltd., Infineon Technologies AG, MACOM Technology Solutions Holdings Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NTE Electronics Inc., NXP Semiconductors NV, ROHM Co. Ltd., Sensitron Semiconductor, Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics NV, Taiwan Semiconductor Manufacturing Co. Ltd., Texas Instruments Inc., Toshiba Corp., Vishay Intertechnology Inc., and Wingtech Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market growth and forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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