Distributed Acoustic Sensing (DAS) Market Worth $ 440.2 Million by 2020
PUNE, India, September 3, 2015 /PRNewswire/ --
According to a new market research report "Distributed Acoustic Sensing (DAS) Market by Fiber Type (Single Mode, Multimode), by Vertical (Military, Oil & Gas (Oilfield Services and Pipeline Integrity), Infrastructure, Transportation) & by Geography - Global Forecast to 2015 - 2020", published by MarketsandMarkets, the DAS market is expected to reach USD 440.2 Million by 2020 at a CAGR of 11.78% between 2015 and 2020.
Browse 83 Tables and 88 Figures spread through 176 Pages and in-depth TOC on "Distributed Acoustic Sensing (DAS) Market".
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Distributed acoustic sensing (DAS) technology provides measurement of acoustic energy along the length of an optical fiber cable. DAS technology provides a robust monitoring solution across verticals such as military, oil & gas, infrastructure, and transportation. DAS technology relies on an optical fiber for its sensing requirements, and is therefore free from any electromagnetic disturbances and also has a long range, making the technology extremely useful in adverse environments. With the development of the distributed optic fiber sensing technology, the quality and reliability of DAS equipment has improved considerably.
This report segments the Distributed Acoustic Sensing Market on the basis of fiber type (single mode and multimode), and vertical (Military, Oil & Gas (Oilfield Services and Pipeline Integrity), Infrastructure, Transportation). Further, it provides market size projections and analyses of the trends in the market. The geographic analysis provides an in-depth classification for the Americas, Europe, and APAC regions and the Middle East and African regions which have been classified under RoW. Each of these regions has been further split into major countries to analyze the regional DAS market.
This report also describes the drivers, restraints, opportunities, and challenges with respect to the DAS market. The driving factors for this market include the ability of DAS to operate in harsh environments and its increasing applications in oilfield services. A major restraining factor affecting the market is managing complex data sets generated by the technology. Improving the visibility of the technology by educating customers and using existing fiber optic infrastructure for implementing DAS are key growth opportunities for players in the market. Developing standards and guidelines for the use of DAS equipment is a major challenge for this market.
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The oil and gas vertical represents the major vertical for the DAS technology. Pipeline integrity management is an important application for the oil & gas vertical. The technology provides long-range pipeline monitoring to detect any leakages and also detects third-party activities that may harm the pipelines. Oilfield services are a fast-growing application of the technology. Monitoring critical infrastructure sites, border surveillance, and traffic monitoring are other important applications of the technology.
Some of the companies involved in the market include Silixa Ltd (U.K.), Halliburton Co. (U.S.), Omnisens SA (Ireland), Schlumberger NV (U.S.), Ziebel AS (Norway), Fotech Solutions Ltd (U.K.), Baker Hughes, Inc. (U.S.), and QinetiQ Group Plc (U.K.).
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