The distributed acoustic sensing market is projected to grow to USD 440 million by 2020, at a CAGR of 11.78% from 2015 to 2020.

Distributed acoustic sensing market by single-mode fiber hold the largest market size by 2020

By fiber type, the single mode fiber is projected to lead the distributed acoustic sensing market by 2020. Single mode fiber is prominently used in most DAS applications. Single mode fibers are preferred for DAS as they can be used to cover long distances, thus increasing the range of measurement. They are compatible with other distributed fiber optic sensing technologies. With the increasing implementation of DAS in oilfield services, some vendors also offer the option of using existing multimode fiber for DAS, and this trend is expected to grow during the forecast period.

Oil & gas vertical to lead the Distributed Acoustic Sensing market during the forecast period

In the past decade, the Americas region has been very active in the oil & gas industry. The development of technology for the extraction of shale oil and gas has boosted oil and gas production activities in the region. In fact, the US, once a huge importer of petroleum products, has become a net exporter of the same. Given the complexity of the drilling technology and high cost of the equipment, the implementation of DAS is important in extraction operations to help in reducing operational costs. The oil & gas vertical is the key revenue pocket for the DAS market. The technology helps in delivering enhanced monitoring of downhole seismic activity and data acquisition. The analysis of the data collected by DAS can provide additional information on the well behavior and thus help in optimizing operations.

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Americas to account for the largest share of the distributed acoustic sensing market during the forecast period

The Americas accounted for the largest share of the distributed acoustic sensing market in 2014. The Americas region is home to some of the largest oil and gas-producing players of the world and DAS is increasingly becoming an integral part of the industry. The rise in the shale energy exploration in the region has fostered the growth of the oil & gas industry. The region has also seen growth in the production of tight oil. The US was the top oil producer across the globe in 2014 as per the latest BP statistical review of world energy. The development of the horizontal drilling and hydraulic fracturing technology boosted the market for shale energy in the US, which has emerged as one of the top exporters of petroleum products globally. The Americas region also has a significant share in pipeline integrity management area and in the military vertical.

Key Market Players

Silixa Ltd (UK), Halliburton Co. (US), Omnisens SA (Ireland), Schlumberger NV (US), Ziebel AS (Norway), Fotech Solutions Ltd (UK), Baker Hughes, Inc. (US), and QinetiQ Group Plc (UK) are some of the key players in the distributed acoustic sensing market.

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