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China Crystal Oscillator Market Analysis

The China Crystal Oscillator Market was valued at USD 290.3 million in 2020, and it is expected to reach USD 366.36 million by 2026, registering a CAGR of 4.4% during the forecast period (2021-2026). The crystal oscillator is an electronic oscillator circuit that uses the mechanical resonance of a vibrating crystal of piezoelectric material to create an electrical signal with a precise frequency and provide a better level of performance than that by LC resonator circuits. However, crystal oscillators are still affected by temperature. Even AT-cut crystals will be affected by temperature despite the fact that their operation has been optimized for use over the range of 0 to 70°C. Accordingly, it is possible to compensate for many of the effects using a temperature compensated crystal oscillator (TCXO), providing solutions for telecom, networking, wireless, and embedded applications, and Chinese players are widely manufacturing this oscillator mostly for consumer electronics applications.

• The Chines market for crystal oscillator is expected to grow due to the increasing number of emerging applications such as IoT. According to GSMA, China is one of the world's largest Internet of Things (IoT) markets, with approx 64% of the 1.5 billion global cellular connections in 2019. IoT includes a multitude of networked wireless communications like Bluetooth, including Low Energy and Smart, Zigbee, Z-Wave, 802.15.4, 802.11 b/g/n, and RFID, among others. With increasing IoT devices, the demand for crystal oscillator provides a significant growth in China.
• Moreover, under the Chinese government's 'Made in China 2025' industrial master plan, the number of industrial automation operating in the country would expand tenfold to 1.8 million units by 2025. For industrial automation, the crystal oscillator with XO is used to provide reference timing for the SoC's internal PLLs. It offers an independent, isolated reference clock optimized to provide low-jitter operation with minimal crosstalk. Due to such features, these type of crystal oscillator caters to the high demand for such applications.
• Further, the adoption of MEMS-based Oscillators is challenging the market growth in some of the applications due to its unique properties. SiTime MEMS oscillators are beyond ten times lower in vibration sensitivity compared to quartz oscillators providing its unique functionality. Also, MEMS oscillators have several programmable features that improve system performance, including options for frequency output and waveform tuning. These all parameters cater to an intense rivalry for the crystal oscillator market.
• However, the impact of Covid-19 affected the market in the past March 2020. But since the production and manufacturing facilities are again resumed currently since April, the demand and supply of crystal oscillators in China are still taking a growth mostly in the all the sector with more demand in the consumer electronics sector. For instance, Chongqing Hi-tech Zone has rolled out policies to help companies resume production during the fight against the novel coronavirus. In TXC Corporation, a total of 1,598 companies involving 102,894 workers in the zone have resumed production and operation.

China Crystal Oscillator Industry Segmentation

The Crystal Oscillator provides an electronic oscillator circuit that uses the mechanical resonance of a vibrating crystal of piezoelectric material to create an electrical signal with a precise frequency, wherein China the market provides its solution to applications such as Mobile & Consumer Electronics, Automotive, etc.