Oilfield Communication Solutions Market

Global Oilfield Communication Solutions Market

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Aamir

Author :

Aamir Ansari

Vineet

Fact-checked by :

Vineet Pandey

Swapnil

Editor :

Swapnil Hedau

The oilfield communications solution market is expected to increase from USD 3.4 billion in 2020 to USD 5.2 billion by 2028, at a CAGR of 5.5% during the forecast period, between 2021 and 2028. The oilfield communications market is driven by the integration of departments in the oil and gas sector and growing importance of cyber security.

Global Oilfield Communication Solutions Market Key Takeaways

Strict regulatory standards and perceived danger of insufficient data security, asset protection, monitoring, and maintenance are some factors limiting the oilfield solutions communications market.

Market Trends, Drivers, Restraints, and Opportunities:

  • The market is likely to expand due to rising need for cost-effective communication solutions, increase in collaborative efforts from many departments in the oil & gas sectors, quick adoption of LTE and 4G networks, and technical advancements in microwave communication networks.
  • Rising technology improvements for improved communication across oilfields, increasing expenditures in network infrastructure, and growing demand for oilfield communication solutions from oil & gas operators are projected to boost the market.
  • The market is growing due to rising energy consumption, fast technological developments for the removal of legacy communication, and growing concern about the security and safety of on-shore personnel.
  • Some of the constraining aspects in the oilfield communications solutions market include severe regulatory regulations and perceived risk of insufficient data protection, asset security, monitoring, and maintenance.

Scope of the report:

 

Attributes

Details

Report Title

Oilfield Communication Solutions Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Cellular Communication Network, VSAT Communication Network, Fiber Optic-based Communication Network, Microwave Communication Network, and Tetra Network), Services (Managed and  Professional Services), Solutions (M2M Communication, Asset Performance Communications, Unified Communication, and Others), Field Site (Onshore and Offshore), Applications (Upstream, Midstream, and Downstream)

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

Huawei, Hitachi ABB Power Grids,Weatherford, Hughes, Redline Communications,Tait Communications, Honeywell,GE Digital, PTC, Commtel, MoStar Communications, and DAMM Cellular Systems


The report on the global oilfield communication solution market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Oilfield Communication Solution market insights:

The Microwave Communication Network segment to hold significant market share

In the terms of types, the market is divided into cellular communication network, VSAT communication network, fiber optic-based communication network, microwave communication network, and tetra network. Microwave communication networks are commonly employed for off-shore to land and off-shore to off-shore connectivity. They are less expensive than an optical fiber communication network and surpass traditional satellite communications, in terms of capability and latency (VSAT). Fiber-optic communication is more expensive than microwave communication; therefore, it is used as an alternative to fiber-optic communication and VSAT communication.

Global Oilfield Communication Solutions Market Taxonomy

M2M Communication segment held substantial market share in 2020

On the basis of solutions, the oilfield communication solution market is fragmented into M2M communication, asset performance communications, unified communication, and others. The M2M communication software segment is expected to grow at a rapid pace during the forecast period, as it provides rapid data transmission without data loss. Secure gateway devices, remote accessibility, low latency, and robust hardened devices are all features of M2M communication software. Segment growth is driven by increasing competition.

Global Oilfield Communication Solutions Market Solutions

Offshore communication segment to grow during the forecast period

Based on field location, the market is bifurcated into onshore and offshore segments. The onshore sector is projected to be driven by the difficulty of deep-water drilling and rising use of oilfield communications techniques in countries in the Middle East and North America, where a majority of oilfields are located onshore.

Midstream segment to expand during the forecast period

Based on applications, the oilfield communications solution market is divided into upstream, midstream, and downstream. The midstream segment is estimated to expand at a rapid CAGR during the forecast period, which may be due to midstream operators' rising desire to acquire a better understanding and management of data, which results in intelligent decision making, safe conditions, enhanced efficiency, and high profitability.

Middle East & Africa to hold key market share

In terms of regions, the oilfield communications solution market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is anticipated to hold a key share of the market, while the market in the Middle East & Africa (MEA) is expected to expand at a high CAGR during the forecast period due to rising number of oil refineries and many exploration operations across the region. Countries in the MEA have a plethora of exploration sites, rigs, and refineries, and complicated control systems dispersed throughout the region, which are estimated to propel the oilfield communications market.

Global Oilfield Communication Solutions Market Regions

Segments

By Types

  • Cellular Communication Network
  • Vsat Communication Network
  • Fiber Optic-Based Communication Network
  • Microwave Communication Network
  • Tetra Network

By Services

  • Managed
  • Professional Services

By Solutions

  • M2M Communication
  • Asset Performance Communications
  • Unified Communication
  • Others

By Field Sites

  • Onshore
  • Offshore

By Applications

  • Upstream
  • Midstream
  • Downstream

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Huawei
  • Hitachi ABB Power Grids
  • Weatherford
  • Hughes
  • Redline Communication
  • Tait Communications
  • Honeywell
  • GE Digital
  • PTC
  • Commtel
  • MoStar Communications
  • DAMM Cellular Systems

Competitive Landscape

Key players in the oilfield communication solution market are Huawei, Hitachi ABB Power Grids,Weatherford, Hughes, Redline Communications,Tait Communications, Honeywell,GE Digital, PTC, Commtel, MoStar Communications, and DAMM Cellular Systems. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Oilfield Communication Solutions Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oilfield Communication Solutions 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. Oilfield Communication Solutions Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Oilfield Communication Solutions Market - Supply Chain
  4.5. Global Oilfield Communication Solutions Market Forecast
     4.5.1. Oilfield Communication Solutions Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oilfield Communication Solutions Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oilfield Communication Solutions Market Absolute $ Opportunity
5. Global Oilfield Communication Solutions 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. Oilfield Communication Solutions Market Size and Volume Forecast by Types
     5.3.1. Cellular Communication Network
     5.3.2. Vsat Communication Network
     5.3.3. Fiber Optic-Based Communication Network
     5.3.4. Microwave Communication Network
     5.3.5. Tetra Network
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Oilfield Communication Solutions Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     6.3.1. Upstream
     6.3.2. Midstream
     6.3.3. Downstream
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Oilfield Communication Solutions Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Oilfield Communication Solutions Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Oilfield Communication Solutions Demand Share Forecast, 2019-2026
8. North America Oilfield Communication Solutions 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
  8.2. North America Oilfield Communication Solutions Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Oilfield Communication Solutions Market Size and Volume Forecast by Types
     8.4.1. Cellular Communication Network
     8.4.2. Vsat Communication Network
     8.4.3. Fiber Optic-Based Communication Network
     8.4.4. Microwave Communication Network
     8.4.5. Tetra Network
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     8.7.1. Upstream
     8.7.2. Midstream
     8.7.3. Downstream
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Oilfield Communication Solutions Demand Share Forecast, 2019-2026
9. Latin America Oilfield Communication Solutions 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. Latin America Average Pricing Analysis
  9.2. Latin America Oilfield Communication Solutions Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Oilfield Communication Solutions Market Size and Volume Forecast by Types
     9.4.1. Cellular Communication Network
     9.4.2. Vsat Communication Network
     9.4.3. Fiber Optic-Based Communication Network
     9.4.4. Microwave Communication Network
     9.4.5. Tetra Network
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     9.7.1. Upstream
     9.7.2. Midstream
     9.7.3. Downstream
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Oilfield Communication Solutions Demand Share Forecast, 2019-2026
10. Europe Oilfield Communication Solutions 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. Europe Average Pricing Analysis
  10.2. Europe Oilfield Communication Solutions Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Oilfield Communication Solutions Market Size and Volume Forecast by Types
     10.4.1. Cellular Communication Network
     10.4.2. Vsat Communication Network
     10.4.3. Fiber Optic-Based Communication Network
     10.4.4. Microwave Communication Network
     10.4.5. Tetra Network
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     10.7.1. Upstream
     10.7.2. Midstream
     10.7.3. Downstream
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Oilfield Communication Solutions Demand Share Forecast, 2019-2026
11. Asia Pacific Oilfield Communication Solutions 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Oilfield Communication Solutions Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Oilfield Communication Solutions Market Size and Volume Forecast by Types
     11.4.1. Cellular Communication Network
     11.4.2. Vsat Communication Network
     11.4.3. Fiber Optic-Based Communication Network
     11.4.4. Microwave Communication Network
     11.4.5. Tetra Network
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     11.7.1. Upstream
     11.7.2. Midstream
     11.7.3. Downstream
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Oilfield Communication Solutions Demand Share Forecast, 2019-2026
12. Middle East & Africa Oilfield Communication Solutions Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Oilfield Communication Solutions Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Oilfield Communication Solutions Market Size and Volume Forecast by Types
     12.4.1. Cellular Communication Network
     12.4.2. Vsat Communication Network
     12.4.3. Fiber Optic-Based Communication Network
     12.4.4. Microwave Communication Network
     12.4.5. Tetra Network
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Oilfield Communication Solutions Market Size and Volume Forecast by Applications
     12.7.1. Upstream
     12.7.2. Midstream
     12.7.3. Downstream
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Oilfield Communication Solutions Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Oilfield Communication Solutions Market: Market Share Analysis
  13.2. Oilfield Communication Solutions Distributors and Customers
  13.3. Oilfield Communication Solutions Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Huawei
     13.4.2. Hitachi ABB Power Grids
     13.4.3. Weatherford
     13.4.4. Hughes
     13.4.5. Redline Communication
     13.4.6. Tait Communications
     13.4.7. Honeywell
     13.4.8. GE Digital&

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