Distributed Acoustic Sensing Market By Types (Single-mode Fiber and Multimode Fiber), Verticals (Security & Surveillance, Power & Utility, Environment & Infrastructure, Oil & Gas, Transportation, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global distributed acoustic sensing market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the wide applications of the sensing system across various industries including oil & gas and security & surveillance.
Distributed acoustic sensing (DAS) system is an advanced technology used for observation of sound signals using several fiber optic cables to ensure effective sensing power. Several optoelectronic devices are attached in the cable to boost the accurate measurement of sensing elements. DAS technology is widely adopted by several end-users due to its wide advantages and has more advanced system compared to conventional sensing systems including lower cost, relatively slim cable, and obvious installation process. DAS systems can measure the complete vertical report of a well without any fiber movement. Therefore, it ensures data progression due to its thin rope.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing deployment of DAS systems in fiber optic-based products in the oil & gas industry due to the rising needs for digitization in the field presents a key driver of the market.
- Effective and accurate result of the system coupled with mass installation for security and border surveillance is further boosting the market.
- Concerning services and technical issues along with the cost constraints associated with the deployment of optical fiber cables for in-well monitoring and several other applications are major challenges that can hamper the market growth.
- Growing inflow of R&D investment from key players and technological development for effective sensing devices are likely to create key opportunities for the market.
Scope of the Report
The report on the global distributed acoustic sensing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Distributed Acoustic Sensing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Single-mode Fiber and Multimode Fiber) and Verticals (Security & Surveillance, Power & Utility, Environment & Infrastructure, Oil & Gas, Transportation, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Northrop Grumman Corporation; Baker Hughes; OptaSense; Future Fibre Technologies; Halliburton; Omnisens SA; Silixa Ltd; Schlumberger Limited; GE Company LLC; Ziebel; and Fotech Solutions Ltd. |
Market Segment Insights
Single-mode fiber segment is expected to grow at a rapid pace
Based on types, the global distributed acoustic sensing market is bifurcated into single-mode fiber and multimode fiber. The single-mode segment is expected to grow at a rapid pace during the forecast period. The single mode allows to effective transmission of data and reduces the light waste. However, the multimode fiber segment is anticipated to hold a key share of the market in the coming years owing to high-level approval for long-distance applications and inexpensive model that can produce high capacity performance compared to a single-mode type.
Oil & gas segment is projected to expand at a considerable CAGR
On the basis of verticals, the market is segregated into oil & gas, power & utility, security & surveillance, environment & infrastructure, transportation and others. The oil & gas segment is projected to expand at a considerable CAGR during the forecast period as the technology is extensively used for oil pipeline monitoring. On the other hand, the environment & infrastructure segment is anticipated to account for a major market share during the forecast period owing to massive governments’ spending for infrastructure development and wide use of issuing auditory sensing systems in the high-pressure environments and high-temperature of wellbores.
North America is anticipated to constitute a key market share
In terms of regions, the global distributed acoustic sensing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the rising needs of the various industrial applications. Moreover, the early acceptance of the advanced technology among end-users presents another key drivers of the regional market. However, the market of Middle East & Africa is anticipated to expand at a rapid pace during the forecast period as the region is home to the world’s largest reserve oil and several projects associated with the exploration of the oil and gas reserve.
Segments
The global distributed acoustic sensing market has been segmented on the basis ofTypes
- Single-mode Fiber
- Multimode Fiber
- Security & Surveillance
- Power & Utility
- Environment & Infrastructure
- Oil & Gas
- Transportation
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Northrop Grumman Corporation
- Baker Hughes
- OptaSense
- Future Fibre Technologies
- Halliburton
- Omnisens SA
- Silixa Ltd
- Schlumberger Limited
- GE Company LLC
- Ziebel
- Fotech Solutions Ltd.
Competitive Landscape
Key players competing in the global distributed acoustic sensing market are Northrop Grumman Corporation; Baker Hughes; OptaSense; Future Fibre Technologies; Halliburton; Omnisens SA; Silixa Ltd; Schlumberger Limited; GE Company LLC; Ziebel; and Fotech Solutions Ltd. In November 2019, Halliburton signed an agreement with the Advanced Restored Technology Center (ARTC) for anchor membership.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Acoustic Sensing Market Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Distributed Acoustic Sensing Market Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Distributed Acoustic Sensing Market Market - Supply Chain
4.5. Global Distributed Acoustic Sensing Market Market Forecast
4.5.1. Distributed Acoustic Sensing Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Distributed Acoustic Sensing Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Distributed Acoustic Sensing Market Market Absolute $ Opportunity
5. Global Distributed Acoustic Sensing Market Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
5.3.1. Single-mode Fiber Multimode Fiber
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Distributed Acoustic Sensing Market Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Distributed Acoustic Sensing Market Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
7. North America Distributed Acoustic Sensing Market Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Distributed Acoustic Sensing Market Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
7.4.1. Single-mode Fiber Multimode Fiber
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
8. Latin America Distributed Acoustic Sensing Market Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Distributed Acoustic Sensing Market Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
8.4.1. Single-mode Fiber Multimode Fiber
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
9. Europe Distributed Acoustic Sensing Market Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Distributed Acoustic Sensing Market Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
9.4.1. Single-mode Fiber Multimode Fiber
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
10. Asia Pacific Distributed Acoustic Sensing Market Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Distributed Acoustic Sensing Market Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
10.4.1. Single-mode Fiber Multimode Fiber
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
11. Middle East & Africa Distributed Acoustic Sensing Market Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Distributed Acoustic Sensing Market Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Distributed Acoustic Sensing Market Market Size and Volume Forecast by Types
11.4.1. Single-mode Fiber Multimode Fiber
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Distributed Acoustic Sensing Market Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Distributed Acoustic Sensing Market Market: Market Share Analysis
12.2. Distributed Acoustic Sensing Market Distributors and Customers
12.3. Distributed Acoustic Sensing Market Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Northrop Grumman Corporation
12.4.2. Baker Hughes
12.4.3. OptaSense
12.4.4. Future Fibre Technologies
12.4.5. Halliburton
12.4.6. Omnisens SA
12.4.7. Silixa
Types
- Single-mode Fiber
- Multimode Fiber
- Security & Surveillance
- Power & Utility
- Environment & Infrastructure
- Oil & Gas
- Transportation
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Northrop Grumman Corporation
- Baker Hughes
- OptaSense
- Future Fibre Technologies
- Halliburton
- Omnisens SA
- Silixa Ltd
- Schlumberger Limited
- GE Company LLC
- Ziebel
- Fotech Solutions Ltd.
Key players competing in the global distributed acoustic sensing market are Northrop Grumman Corporation; Baker Hughes; OptaSense; Future Fibre Technologies; Halliburton; Omnisens SA; Silixa Ltd; Schlumberger Limited; GE Company LLC; Ziebel; and Fotech Solutions Ltd. In November 2019, Halliburton signed an agreement with the Advanced Restored Technology Center (ARTC) for anchor membership.
Our Clients
Related Reports
Some other reports from this category!
