Technavio covers the market outlook and growth prospects of the distributed acoustic sensing market for 2016-2020. Based on end-user platforms, the market is divided into the following segments: oil and gas, defense, infrastructure, and transportation.
The market research report also segments the global distributed acoustic sensing market into the follow three regions:
Americas: Largest distributed acoustic sensing market
The Americas, being the largest market for distributed acoustic sensing in 2015, held a market share of around 45%. The majority of the revenue from this region is attributed to the high drilling and exploration activities and its huge manufacturing base. This region will continue to dominate the market through 2020.
The adoption of distributed acoustic sensors in the oil and gas industry in the Americas is phenomenal, reports the research study. The availability of large reserves along with advances in technology in offshore oil and gas extraction has resulted in increased exploration and drilling. North America is the world's second-largest consumer of crude oil, and the demand for it is constantly increasing. The report therefore predicts the market in the Americas to continue to grow over the next four years.
The US market is expected to grow moderately however, but analysts expect it to maintain its market share until 2020. The report study further mentions that many well-established vendors in this market are concentrated in this region, thus encouraging the adoption of distributed acoustic sensors in various applications.
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The major vendors of the global distributed acoustic sensing market are:
Halliburton and Schlumberger are headquartered in the US, Omnisens is headquartered in Switserland, Silixa is headquartered in the UK, and Ziebel is headquartered in Norway.
AP Sensing, fibrisTerre, Fotech Solutions, OptaSense, Optellios, OZ Optics, POLUS-ST, and Pruett Tech are the other prominent vendors in the distributed acoustic sensing market.
EMEA: Second largest market for distributed acoustic sensing
The APAC is the fastest growing region for distributed acoustic sensing market, growing at a CAGR of nearly 16% during the period 2015-2020.
Japan, India, China, Korea, Taiwan, Singapore, and Australia are the major revenue contributors to the market in APAC.
An increase in the number of infrastructure development projects in developing countries, such as India, Malaysia, and China, will support the demand for distributed acoustic sensors in this region. As of 2015, the penetration of distributed acoustic sensors in the oil and gas, defense, and transportation sectors in APAC was low due to the lack of awareness. However, growing awareness and realization of the potential of this technology by companies and government agencies has boosted its adoption in the region.
Seismic downhole measurements: Trending factor impacting the distributed acoustic sensing market globally
Seismic surveys usually deploy three-component geophones (which converts ground movement into a voltage, any deviation of the voltage from its baseline is known as a seismic response). However, geophones can measure the seismic information at only a single position requiring many sensors to be deployed in a single set-up, which is expensive as well as time-consuming. Also, many of the conventional seismic sensors do not function efficiently at extreme environmental conditions. Distributed acoustic sensing can help overcome many of these limitations. Technavio’s analysts predict that DAS technology will find significant adoption during the forecast period for measuring seismic activities.
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