First, the industrial chain of quartz crystal oscillator industry
Quartz crystal oscillator is a frequency control component made of the piezoelectric effect of quartz crystal (SiO₂), which can generate stable pulses and provide a reference frequency signal for the microchip, which is an indispensable electronic component in the circuit. Quartz crystals, or silicon dioxide (SiO2) crystals, are regular, crystalline, and transparent, so they are also called "crystals".
The upstream of quartz crystal oscillator is mainly crystal, base, packaging materials and other materials manufacturing, precision machinery development and other industries; the downstream application areas are electronic products, including communication networks, mobile terminals, Internet of Things, automotive electronics, smart homes, household appliances and other fields.
Schematic diagram of the industrial chain of quartz crystal oscillator industry
Source: Collation of publicly available information
Second, the global quartz crystal oscillator market distribution
According to statistics, in 2019, the global sales volume of quartz crystal oscillators was about 18.068 billion pieces, and the industry market size was about 3.041 billion US dollars. Among them, the total sales of quartz crystal resonators (XTAL) accounted for about 58%, and various types of quartz crystal oscillators accounted for about 42%.
Third, the status quo of terminal application of quartz crystal oscillator industry
The reference frequency signal generated by the quartz crystal oscillator is mainly used for wireless data transmission and clocking. Quartz crystal oscillator frequency signal can be used as a carrier for wireless transmission of data after modulation processing, generally connected to the network terminals have signal reception and transmission decoration, all need to use quartz crystal oscillator, in the era of Internet of Everything, will bring considerable market increment. The quartz crystal oscillator frequency signal can also be used as a clock frequency signal, and the central processing unit (CPU) instruction execution is based on this, and the intelligent terminal is inseparable from the quartz crystal oscillator. Quartz crystal oscillator is an indispensable component in electronic circuits and is widely used.
At present, the automotive industry is undergoing the most profound changes in a hundred years, and intelligent networking is considered to be the focus of future competition. With the deep integration of automotive information and communications, artificial intelligence, The Internet and other industries, intelligent and connected vehicles have entered a new stage of rapid technological evolution and industrial acceleration layout. In November 2020, Li Keqiang, chief scientist of the National Intelligent connected vehicle innovation center, officially released the "Intelligent Connected Vehicle Technology Roadmap 2.0" (hereinafter referred to as "Roadmap 2.0") at the World Intelligent Connected Vehicle Conference. Roadmap 2.0 research and judgment, by 2025, China's PA (partial automatic driving), CA (conditional automatic driving) level intelligent networked vehicle sales accounted for more than 50% of the total sales of cars that year, C-V2X (mobile car networking based on cellular communications) terminal new car assembly rate of 50%. In 2035, all kinds of networked highly autonomous vehicles will be widely used in a wide range of china.
Application of quartz crystal oscillators in the automotive field
Note: GPS: GPS; V2X: Automotive Wireless Communication Technology; TPMS: Tire Pressure Monitoring System; LiDAR: Laser Detection and Ranging System.
Related report: "2021-2026 China Quartz Crystal Oscillator Market Competition Pattern and Investment Strategic Planning Report" released by Huajing Industry Research Institute
Fourth, the technical threshold of the quartz crystal oscillator industry
From the perspective of the development history of the world and quartz crystal oscillator, the United States and other Western countries are at the forefront of theoretical innovation, Japan is at the forefront of innovative technology reserves and market industrialization, and Taiwan and the mainland have undertaken Japanese industrialization technology to achieve large-scale production of quartz crystal oscillator in China.
In the past decade, with the promotion of the domestic capital market and the strong market demand in the downstream of the industrial chain, domestic enterprises have accelerated their catch-up, and the gap has gradually narrowed. In terms of miniaturization, Japanese enterprises lead the development of the industry, followed by domestic enterprises; in terms of quality, there is almost no gap between Chinese mainland backbone enterprises and Japan and Taiwan; in terms of materials, localization has been realized; in terms of production equipment, most of them have been localized, and a small number of equipment such as sputtering coaters still need to be imported.
Technical threshold for quartz crystal oscillators
Fifth, the analysis of the competitive pattern of the quartz crystal oscillator industry
From a worldwide perspective, the global quartz crystal oscillator manufacturers are mainly concentrated in Japan, the United States, Taiwan and the mainland. Among them, Japanese manufacturers are leading the industry, with high product grade and the largest output value, leading the development of the industry, accounting for about 50% of the market share; American manufacturers have a high level of research, but the output is small, mainly military products, accounting for about 10% of the market share; Taiwan and mainland Manufacturers are close to the market, and the market response speed is faster, accounting for about 40% of the market share.
Anhui Jingsai Technology Co., Ltd. is mainly engaged in the design, development, production and sales of quartz crystal oscillators and packaging materials, and is a national high-tech enterprise, an innovative enterprise in Anhui Province, a specialized new small and medium-sized enterprise in Anhui Province, and a provincial-level certified enterprise technology center. According to the data of the Piezoelectric Crystal Branch of China Electronic Components Industry Association, the domestic quartz crystal oscillator market size in China in 2020 was 9.467 billion yuan, and the sales volume was 23.514 billion pieces, and in 2020, the revenue of the quartz crystal oscillator business of Jingsai Technology was 242 million yuan, and the sales volume was 967 million pieces, accounting for 2.56% and 4.11% respectively;
Source: Company announcement, compiled by Huajing Industry Research Institute
From 2018 to 2020, the production capacity of quartz crystal oscillators of Jingsai Technology has been continuously improved, reaching 1.010 billion in 2020, while the output has increased relatively slowly, reaching only 958 million in 2020, and the capacity utilization rate has also decreased accordingly, and the capacity utilization rate has dropped to 94.84% by 2020. The production and sales ratio showed an overall upward trend, reaching 100.98% in 2020.
Due to technological innovation, manufacturing process optimization, cost control and other reasons, the sales price of quartz crystal oscillator products of Jingsai Technology in 2018-2020 was 270.33 yuan / thousand, 238.01 yuan / thousand, and 234.33 yuan / thousand, showing a downward trend, but the decline in 2020 was significantly slowed down.
Sixth, the development trend of quartz crystal oscillator industry
At present, electronic products are developing in the direction of miniaturization, high precision, low power consumption and energy saving, and the same requirements are also put forward for components such as crystal oscillators. SMD package crystal oscillator has the characteristics of small size, easy to attach, etc., and has become the mainstream of the market. In recent years, with the release of SMD crystal oscillator production capacity of domestic enterprises, the performance of China's quartz crystal oscillator products is in a state of rapid optimization speed.
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