Junction Gate Field-Effect Transistor (JFET) Market is expected to grow at a CAGR of ~7% during the forecast period 2021-2031

Junction Gate Field-Effect Transistor (JFET) Market to grow at a CAGR of Around 7.0%

Demand for JFETs is expected to grow at a CAGR of ~7% during the forecast period 2021-2031. The junction field effect transistor (JFET) is a type of field effect transistor (FET). It is three terminal uni-polar solid state device that can be used as voltage controlled resistors or electronically controlled switch.

The tremendous progress made in semiconductor manufacturing processes, coupled with the expansion of connected devices in developing countries and the spread of the IoT network, will be a driving force for the demand of JFET in the coming years.

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Moreover, high demand for consumer electronics, and the rising adoption of highly integrated electronic components, such as FPGAs and System on Chip (SoC), is projected to amplify the sales of JFETs over the forecast period. The complexity and miniaturization of the latest generation electronic components is likely to broaden the areas of application of JFETs.

What is Driving Demand for JFET?

The major factors bolstering the growth include increasing demand for low power and high-speed devices due to changing consumer preferences and trends towards IoT-enabled devices, increasing adoption of digital circuits using JFET as well as digitization of analog circuits with JEFTs by end-users.

Further, the elements propelling the sales of JEFT can be attributed to technological innovations and constantly changing consumer tastes. Increasing disposable income levels among consumers is also a key factor fueling the growth of the industry across regions. In addition, low labor costs when compared with other regions have led to an increase in manufacturing activities causing higher production output.

Rising Adoption in Military Applications

JFETs are used in several end-use applications in automotive, aerospace & defense, and medical industries. JEFTs are highly used in military applications to control the flow of electric current in the electric switches. Switches used in choppers consist of an electronic switch that is useful for operations such as low noise, mid-high frequency designs, and fast switching, suitable for military applications.

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JFET manufacturers across the world are persistently engaged in development of advanced JFETs for use in automotive and military applications, which is expected to further bolster the demand for JFETs in the future.

South Asia & Pacific JFET Sales Viewpoint

South Asia & Pacific is likely to hold a major share in the JFET sales throughout the forecast period, due to the presence of large number of manufacturers operating in the region. Many new market entrants along with well-established players in South Asia & Pacific are focusing on latest trends in semiconductor products, creating new revenue generating avenues, which is estimated to propel the sales in the region over period under review.

Moreover, the growing adoption of high-end technology based devices, along with reasonable prices, is leading to a surging consumption of consumer electronic in the region. Also, introduction of LTE and IoT technologies are supporting the adoption of electronic products, thereby indirectly augmenting the sales of JFET devices over the coming years.