[172 Pages Report] According to MarketsandMarkets, the global distributed acoustic sensing market (DAS) is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.4% during 2020�2025. Unlike traditional sensors that are electrically powered, DAS systems are immune to electromagnetic interferences, have a higher range, a longer lifespan, and can also operate in harsh environments. This is one of the primary drivers for their adoption in the oil & gas industry. In tandem, DAS systems have also been developed for other industries such as infrastructure, military, and transportation. As a result of the spread of COVID-19, DAS manufacturers that have an existing stock of hardware components (mainly interrogator units) may find it difficult to clear their current inventory due to low demand owing to the effects of the pandemic. Thus, many of the distributed acoustic sensing manufacturers are expected to decrease their production.

Distributed Acoustic Sensing Market for software component to grow at highest CAGR during forecast period

The visualization software is often specific to the DAS application. The software often shows the path of the optic fiber cable routing against a site map and will highlight the location where an event is taking place (for instance, a leak in an oil pipeline). For perimeter security, the DAS software is often interfaced with existing third-party SCADA control or security software, which highlights an event. For wellbore applications, DAS visualization software can be used for the real-time monitoring of injection fluid, assessing fluid entry points, and fluid distribution along the well. Visualization software contributes to about 5% of the overall cost of the DAS system in most cases. However, as visualization software for DAS systems are continuously being updated and optimized, the market for visualization software is expected to grow at the fastest rate during the forecast period.

Distributed Acoustic Sensing Market for Single-mode fiber to hold larger share of market throughout forecast period

Single-mode fibers are intended for long haul communications and therefore, are preferred for most DAS applications. Telecommunications-grade single-mode fiber optic cables can support distances of 50 km without any perceived noise in the signal. Hence, most DAS applications such as pipeline monitoring or border/perimeter surveillance generally utilize single-mode fibers since they provide a higher range of about 50 km. This makes the systems much more cost efficient as the interrogator units have to be deployed at every 50 km. Since single-mode fibers are sufficient for the majority applications, they are expected to hold a larger share of the market throughout the forecast period compared to multimode fibers.

Oil & gas industry to dominate Distributed Acoustic Sensing market throughout forecast period

In the oil & gas industry, well monitoring using DAS systems provide significant benefits in optimizing and maximizing the production of both offshore and inland oilfields. The industry is one of the primary users of DAS systems, with several oil & gas companies such as Schlumberger (US) and Halliburton (US) having a significant investment in the technology. New pipeline projects are also being deployed worldwide on a large scale and DAS technology has proven ideal and cost effective for long-distance monitoring. The increasing number of oil wells and pipeline deployment has led to oil & gas being the largest market for DAS systems. Furthermore, the deployment of DAS systems for pipeline monitoring is also expected to contribute to the overall growth of the market. The oil & gas industry, which accounts for the majority share of the market for DAS systems is also expected to be adversely affected compared to other key industries in the DAS market due to the COVID-19 pandemic. It is being observed that the sector is seeing an imbalance of oversupply and low demand resulting in a drop in crude oil prices, resulting in the production of oil and gas also being significantly reduced. This has led to reduced capital investments and as such, new pipeline projects and the construction of new oilfields is being put on hold. This is expected to put a hold on the deployment of DAS systems in the oil & gas sector.

Distributed Acoustic Sensing Market in APAC expected to grow at highest CAGR during forecast period

APAC is one of the fastest-growing markets for DAS solutions, with China dominating the DAS market in the region with its increasing oil production operations and the development of military and infrastructure. With huge investments in developing infrastructure in the fast-growing developing nations such as China and India in the region, the market presents a huge potential for the implementation of DAS systems. The development of military strength in the region has also increased the potential for the deployment of DAS technology. The diffusion of knowledge about the benefits of DAS technology such as lower operating costs and less maintenance in the region is critical for the growth of the technology in the region. Hence, the market is APAC is forecasted to witness the highest growth due to the construction and expansion of oil & gas pipelines and increased foreign investments in the development of oilfields.

Key Market Players

Major companies in the distributed acoustic sensing market are Schlumberger (US), Halliburton (US), Baker Hughes (US), OptaSense (UK), Future Fibre Technologies (Australia), Fotech Solutions (UK), Bandweaver (China), Hifi Engineering (Canada), Omnisens (Switzerland), and Silixa (UK). Apart from these, ofs (US) and Fibre Completion Services (Canada) are among a few emerging companies in the DAS market.

Halliburton is one of the major companies in the energy sector that provides products and services for the exploration, development, and production of natural gas and oil. Halliburton established its first research laboratory in 1930. In 1951, the company opened its first branch in Europe, and it further divided its operations into completion and production, and drilling and evaluation in 2007. In 2013, the company took over the assets of Optiphase (US), a DAS provider. Currently, the company has 14 product service lines (PSLs) and operates through 2 segments�Completion and Production, and Drilling and Evaluation. Through the Drilling and Evaluation segment, it provides services such as field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions, whereas DAS systems are offered under the Completion and Production segment. The company has successfully deployed fiber optic measurement systems in over 1,000 wells worldwide, and its customers include a few of the top oil and gas companies worldwide. The company offers 4 different versions of its Fiberwatch interrogators: FiberWatch DTS HT (Hydrogen Tolerant), FiberWatch DTS SL (Single Laser), FiberWatch STD SM (Single-mode), and FiberWatch DTS HT LP (Low Power). The company also offers the FiberView software for the real-time data analysis of measurements taken by the DAS system.

Key subsidiaries of the company include Halliburton Energy Services Limited (UK), Landmark Graphics Corporation (US), Halliburton B.V. (Netherlands), Halliburton Energy Services, Inc. (US), Halliburton Technology India Private Limited (India), and Halliburton Group Canada, Inc. (Canada).

Scope of the Report:

Report Metric Detail Market size available for years 2017�2025 Base year 2019 Forecast period 2020�2025 Units Value (USD million/billion) Segments covered Component, fiber type, industry, and geography Geographic regions covered Americas, Europe, APAC, and RoW Companies covered Schlumberger (US), Halliburton (US), Baker Hughes (US), OptaSense (UK), Future Fibre Technologies (Australia), Fotech Solutions (UK), Bandweaver (China), Hifi Engineering (Canada), Omnisens (Switzerland), Silixa (UK), Aragon Photonics (Spain), Solifos (Switzerland), Febus Optics (France), ofs (US), fibrisTerre (Germany), Senstar (Canada), AP Sensing (Germany), T.G. Baker Americas (US), Fibre Completion Services (Canada), Yokogawa Electric (Japan), NKT Photonics (Denmark), Weatherford (US), Cementys (France), and Fiber SenSys (US)

This report categorizes the distributed acoustic sensing (DAS) market based on component, fiber type, industry, and geography.

Hardware (Interrogator Unit and Optical Fiber)

Visualization Software

Services (Installation and Maintenance)

COVID-19 impact on various components of DAS systems

Single-mode Fiber

Multimode Fiber

COVID-19 impact on market for fiber optic cable

Oil & Gas (Oilfield Services and Pipeline Integrity)

Infrastructure

Military (Border Surveillance and Support Operations)

Transportation (Rail and Road)

Others (Underwater Asset Management and Cable Monitoring)

COVID-19 impact on DAS Market for various industries

Americas North America (US, Canada, Mexico) South America (Brazil, Argentina, Venezuela, and Rest of South America)

Europe Russia Germany UK Rest of Europe

APAC China Japan India Indonesia Australia Rest of APAC

RoW Middle East Africa

COVID-19 impact on DAS market in various regions

Recent Developments

In October 2019, Halliburton (US) signed a multiyear agreement with Repsol S.A. (Spain), a company engaged in upstream and downstream activities in the oil & gas industry, to provide a cloud-based master data management solution for exploration and production (E&P) activities.

The software as a service (SaaS) model enables users to load, ingest, manage, and access log, well, and other E&P data across different locations for greater efficiency and productivity throughout Repsol�s asset portfolio.

In February 2020, OptaSense (UK) announced the opening of a new subsidiary in Canada to meet the growing demands of the Canadian market. The expansion is expected to support the company�s growth of its engineering, field, and service teams worldwide.

In February 2020, Fotech Solutions (UK) was acquired by BP (UK), one of the world�s largest multinational oil & gas companies. Through this acquisition, Fotech will be able to enhance its technology offering.

COVIG 19-related Developments

During the first quarter of 2020, the CEO of Halliburton (US) announced that it will reduce overhead costs by USD 1 billion, lower capital expenditures by USD 800 million, and take further actions in response to the evolving market conditions.

In response to the COVID-19 pandemic, OptaSense (UK) has implemented the following actions to ensure business continuity: conduct daily briefings with parent company QinetiQ, and provide remote work access to employees, maintaining inventory levels to ensure no disruption in product supply lead times, and providing remote engineering services to its clients.

In response to the COVID-19 pandemic, Fotech Solutions (UK) has implemented the following actions to ensure business continuity: the product manufacturing team is continuing to manufacture essential products to ensure supply, the company is also building up product stock to safeguard itself against further escalation of the crisis, and the company is ensuring that its suppliers deliver the necessary goods essential to manufacturing activities.

Key Questions Addressed in the Report

What will be the dynamics for the adoption of DAS systems based on the fiber type?

How will different regions (the Americas, Europe, APAC, and Row) contribute to the overall distributed acoustic sensing (DAS) market growth by 2025?

Which countries are expected to adopt DAS systems at the fastest rate?

What will be the value contribution from services, software, and various hardware components in the overall distributed acoustic sensing market?

What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the DAS market space?