May 06, 2020
As per the report titled ‘Global Distributed Acoustic Sensing (DAS) Market Size study, by Fiber Type (Single Mode Fiber, Multimode Fiber), by End-User (Oil & Gas, Military, Infrastructure, Transportation, Others) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global distributed acoustic sensing (DAS) market was worth USD 352.02 million in 2018 and is projected to record a healthy CAGR of 11.8% during 2019-2026.
Distributed Acoustic Sensing (DAS) is a groundbreaking photonic sensing technology that transforms standard communication fibers into a linear array of distinct vibration sensors. In simple terms, DAS is an adjustable fiber aided technology capable of providing a vital layer of intelligence applicable across several applications.
Usage of DAS technology in various activities such as moving vehicles, hot-tapping pipelines, industrial operations, failing mechanical parts, and perimeter intrusions, all of which generate vibrations with varying acoustic qualities. The technology examines the vibrations, and if supported by the appropriate software accurately detects, categorizes, and reports the vibration events, hence aiding product penetration.
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Citing an instance, according to Enerdata, the total energy consumption in the United States reached 2.3 Gtoe in 2018, increasing by 3.5% from 2017. Likewise, energy consumption in Asia recorded 5859 Mtoe in 2018 as compared to 5672 Mtoe in 2017. Soaring energy demands across the globe, coupled with favorable features such as operational efficiency in harsh environment, enhanced oil & gas operations, and improved reliability are driving the growth of distributed acoustic sensing market. On the contrary, technical problems associated with the deployment of fiber cables may hinder the industry growth during the forecast period.
Considering the geographical landscape, North America distributed acoustic sensing (DAS) market is anticipated to amass substantial traction over the analysis timeframe, owing to increase in shale energy exploration activities and growing oil & gas industry in the region. Moreover, advancement in horizontal drilling and hydraulic fracturing technology for extraction shale energy is expected to boost the demand for DAS products in North America.
Major players in global distributed acoustic sensing (DAS) market are Qinetiq Group PLC, Schlumberger NV, Halliburton Co., Baker Hughes, Inc., Northrop Grumman Corp., Future Fibre Technologies Ltd., Fotech Solutions Ltd., Silixa Ltd., Omnisens SA, and Ziebel AS.