Distributed Acoustic Sensing (DAS) Market Trends of Market Reviewed for 2020 with Industry Outlook to 2030
Increased investment in asset monitoring, adoption of advanced technologies across oil & gas industry, and rising demand from smart city asset monitoring applications are the key attributes driving the growth of the global distributed acoustic sensing market. Distributed acoustic sensing is an advanced sensing technology that is used to sense and monitor vibration across industrial networks. It is an advanced from of optical time domain reflectometer (OTDR). The distributed acoustic sensing system monitors the coherent Rayleigh backscatter noise signature in a fiber optic cable when pulsed light is sent into the fiber. Thereby, converting a standard communication fiber into a linear array of discrete vibration sensors. It is widely used for asset monitoring, performance enhancement, perimeter security, leakage detection, hot-tapping pipelines, perimeter intrusions, failing mechanical components, and so on. The distributed acoustic sensing offers accurate detection of leakage by precisely detecting, monitoring, classifying, and reporting leakage vibration.
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This has fueled the adoption of distributed acoustic sensing across multiple industries. Oil & gas being the largest application of distributed acoustic sensing, the imbalance in supply and demand across the oil & gas industry amidst the COVID-19 pandemic is significantly impacting the growth of the global distributed acoustic sensing market. Reduced capital investment in oil & gas industry has put on hold the construction of new oilfields and pipelines, thereby hindering the growth of distributed acoustic sensing market. The market is anticipated to witness reduced demand during coming years.
North America contributed the largest share to the global distributed acoustic sensing market in 2019 and is anticipated to witness steady growth during the forecast period. Increased investment in expansion of pipeline fueled by the discovery shale gas reserves, increased investment in asset monitoring across multiple industries, and growth of smart city infrastructure across the United States and Canada has contributed towards the growth of North America distributed acoustic sensing market. Asia Pacific is anticipated to be the fastest growing region during the forecast period owing to expansion of oil & industry across China, and increased demand for asset monitoring across major countries is expected to contribute towards the growth of Asia Pacific distributed acoustic sensing market during the forecast period.
Distributed Acoustic Sensing (DAS) Market Share Analysis, by Geography (2019)
The report titled “Distributed Acoustic Sensing (DAS) Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Distributed Acoustic Sensing market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
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The global distributed acoustic sensing (DAS) market is segmented on the basis of component, fiber type, end use industry, and geography. Based on component, the global distributed acoustic sensing market is segmented into hardware, software, and services. The hardware segment is further sub-segmented into interrogator unit, optical fiber, and others. The services segment is further sub-segmented into system integration, maintenance & support, managed services, and others. Based on fiber type, the global distributed acoustic sensing market is segmented into single-mode fiber and multimode fiber. Based on end use industry, the global distributed acoustic sensing market is segmented into oil & gas, IT & telecommunication, automotive & transportation, aerospace & defense, and others. Based on geography, the global distributed acoustic sensing market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.