Distributed Acoustic Sensing Market Current and Future Demand 2025

1. MarketsandMarkets Presents Distributed Acoustic Sensing Market Current and Future Demand 2025 Distributed Acoustic Sensing (DAS) Market by Component (Interrogator Units, Visualization Software), Fiber Type (Single-mode Fiber and Multimode fiber), Industry (Oil & Gas, Infrastructure, Transportation), and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/distributed-acoustic-sensing-market-31300369.html

2. The global distributed acoustic sensing market (DAS) is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.4% during 2020–2025. Unlike traditional sensors that are electrically powered, DAS systems are immune to electromagnetic interferences, have a higher range, a longer lifespan, and can also operate in harsh environments. This is one of the primary drivers for their adoption in the oil & gas industry. In tandem, DAS systems have also been developed for other industries such as infrastructure, military, and transportation. As a result of the spread of COVID-19, DAS manufacturers that have an existing stock of hardware components (mainly interrogator units) may find it difficult to clear their current inventory due to low demand owing to the effects of the pandemic. Thus, many of the distributed acoustic sensing manufacturers are expected to decrease their production. Browse 107 market data Tables and 47 Figures spread through 172 Pages and in-depth TOC on "Distributed Acoustic Sensing (DAS) Market - Global Forecast to 2025"

3. Distributed Acoustic Sensing Market for software component to grow at highest CAGR during forecast period The visualization software is often specific to the DAS application. The software often shows the path of the optic fiber cable routing against a site map and will highlight the location where an event is taking place (for instance, a leak in an oil pipeline). For perimeter security, the DAS software is often interfaced with existing third-party SCADA control or security software, which highlights an event. For wellbore applications, DAS visualization software can be used for the real-time monitoring of injection fluid, assessing fluid entry points, and fluid distribution along the well. Visualization software contributes to about 5% of the overall cost of the DAS system in most cases. . Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31300369 Distributed Acoustic Sensing Market for Single-mode fiber to hold larger share of market throughout forecast period Single-mode fibers are intended for long haul communications and therefore, are preferred for most DAS applications. Telecommunications-grade single-mode fiber optic cables can support distances of 50 km without any perceived noise in the signal. Hence, most DAS applications such as pipeline monitoring or border/perimeter surveillance generally utilize single-mode fibers since they provide a higher range of about 50 km. This makes the systems much more cost efficient as the interrogator units have to be deployed at every 50 km.

4. Oil & gas industry to dominate Distributed Acoustic Sensing market throughout forecast period In the oil & gas industry, well monitoring using DAS systems provide significant benefits in optimizing and maximizing the production of both offshore and inland oilfields. The industry is one of the primary users of DAS systems, with several oil & gas companies such as Schlumberger (US) and Halliburton (US) having a significant investment in the technology. New pipeline projects are also being deployed worldwide on a large scale and DAS technology has proven ideal and cost effective for long-distance monitoring. The increasing number of oil wells and pipeline deployment has led to oil & gas being the largest market for DAS systems. Furthermore, the deployment of DAS systems for pipeline monitoring is also expected to contribute to the overall growth of the market. The oil & gas industry, which accounts for the majority share of the market for DAS systems is also expected to be adversely affected compared to other key industries in the DAS market due to the COVID-19 pandemic. It is being observed that the sector is seeing an imbalance of oversupply and low demand resulting in a drop in crude oil prices, resulting in the production of oil and gas also being significantly reduced. This has led to reduced capital investments and as such, new pipeline projects and the construction of new oilfields is being put on hold. This is expected to put a hold on the deployment of DAS systems in the oil & gas sector. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=31300369

5. Distributed Acoustic Sensing Market in APAC expected to grow at highest CAGR during forecast period APAC is one of the fastest-growing markets for DAS solutions, with China dominating the DAS market in the region with its increasing oil production operations and the development of military and infrastructure. With huge investments in developing infrastructure in the fast-growing developing nations such as China and India in the region, the market presents a huge potential for the implementation of DAS systems. The development of military strength in the region has also increased the potential for the deployment of DAS technology. The diffusion of knowledge about the benefits of DAS technology such as lower operating costs and less maintenance in the region is critical for the growth of the technology in the region. Hence, the market is APAC is forecasted to witness the highest growth due to the construction and expansion of oil & gas pipelines and increased foreign investments in the development of oilfields. Key Market Players Major companies in the distributed acoustic sensing market are Schlumberger (US), Halliburton (US), Baker Hughes (US), OptaSense (UK), Future Fibre Technologies (Australia), Fotech Solutions (UK), Bandweaver (China), Hifi Engineering (Canada), Omnisens (Switzerland), and Silixa (UK). Apart from these, ofs (US) and Fibre Completion Services (Canada) are among a few emerging companies in the DAS market.

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