This global market research report provides a comprehensive segmentation of the distributed acoustic sensing market by end-user (oil and gas, defense, infrastructure, and transportation). It projects the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Halliburton, Omnisens, Schlumberger, Silixa, and Ziebel.
Technavio’s market research analysts estimate the global DAS market to grow at a CAGR of around 10% between 2016 and 2020. The high tolerance and operational capability of distributed acoustic sensors in extreme environments are the key growth drivers for this market. The Americas occupy 45% of the global market, owing to the high adoption rate of distributed acoustic sensors in the oil and gas industry in this region.
The new market research report from Technavio provides a breakdown and analysis of the distributed acoustic sensors segments by technology.
“An increase in consumption of oil and gas and the decline in the production of conventional oil reserves have forced many vendors and governments to invest in exploration of unconventional resources such as tight oil, shale gas, CBM (natural gas locked in coal), and heavy oil. This has led to an increase in deep-sea and ultra-deep-sea drilling activities for exploration of unconventional resources. Distributed acoustic sensors are integrated into the equipment used during the drilling and exploration stages of these unconventional resources,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The oil and gas segment is the largest revenue contributor to the global distributed acoustic sensing market with a revenue share of around 54%. The use of effective monitoring applications, which are integrated with distributed acoustic sensors, has improved the efficiency of oil and gas production and transportation systems by preventing leakage in oil and gas pipelines to a large extent. It is estimated that the adoption of these monitoring systems will grow during the forecast period, increasing the demand for distributed acoustic sensing.
The key vendors in the global DAS market include Halliburton, Omnisens, Schlumberger, Silixa, and Ziebel. This market is highly fragmented due to the presence of numerous vendors who have a diversified portfolio and offer different types of sensors. The report projects the vendor competition to intensify during the forecast period, with a focus on the developing regions.
A more detailed analysis is available in the Technavio report, Global DAS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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