by Distributed acoustic sensing (DAS) technology offers superior solutions for real-time monitoring of oil and gas pipelines, infrastructure integrity, hydraulic fracturing and other upstream production activities. DAS measures the amplitude and phase of laser light backscattered along an optical fiber, which can be deployed permanently to enable continuous sensing along extended infrastructures. The technology provides distributed strain measurements along the entire length of fiber with centimeter-scale spatial resolution and sub-hertz temporal resolution. With rising global energy demand and increasing oil and gas exploration and production activities, DAS solutions are continuously being adopted for pipeline monitoring, leakage detection and well intervention applications.
The global Distributed Acoustic Sensing (DAS) Market is estimated to be valued at US$ 701.1 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the DAS market is the increasing adoption of fiber optic cables and permanent monitoring technologies by oil & gas companies. Traditional ground monitoring techniques using geophones are limited by the number of sensors that can be deployed spatially. In contrast, DAS offers continuous strain monitoring along the entire length of deployed fiber optic cable with high spatial resolution. This enables real-time detection of pipeline leaks, third party interference or subsurface seismic activity. Many E&P companies are therefore incorporating DAS-based permanent monitoring networks for asset protection and production optimization. Furthermore, technological advancements facilitating superior performance are expected to support the growing adoption of DAS systems across various industrial verticals over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to capital intensive industry with established companies. However, new advances in technology may attract new players.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of alternative solutions offered by various suppliers. Buyers can negotiate on price and demand customized solutions.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as few large suppliers dominate the market. However, suppliers have less bargaining power due to availability of substitute materials.
Threat of new substitutes: The threat of new substitutes is high due to continuous technological advancements. New materials and technologies pose a threat.
Competitive rivalry: Competition in the market is high due to presence of major players competing on product specifications, quality, price and innovation.
Key Takeaways
The Global Distributed Acoustic Sensing (Das) Market Size is estimated to be valued at US$ 701.1 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.
The global Distributed Acoustic Sensing (DAS) Market is expected to witness high growth over the forecast period. North America region currently dominates the market due to increasing oil & gas exploration activities. The Asia Pacific market is expected to grow at fastest pace with increasing industrialization and infrastructure development projects in countries like China and India.
Key players: Key players operating in the Distributed Acoustic Sensing (DAS) market are Halliburton Co., Hifi Engineering Inc., Silixa Ltd., Schlumberger Limited, Banweaver, Omnisens SA, Future Fibre Technologies Ltd., Baker Hughes, Inc., Qintiq Group PLC, and Fotech Solutions Ltd. Halliburton Co. and Schlumberger Limited hold major market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
