Distributed Acoustic Sensing Market Analysis

Distributed acoustic sensing is a technology that facilitates real-time monitoring of pipelines and wells, in order to provide vital information to customers in various challenging circumstances. The basic principle of working of DAS us Rayleigh scattering and is used to determine acoustic strain signals over long distances. This virtually and effectively turns optic fiber into a series of microphones. Thereafter, the data is acquired advanced processing techniques such as frequency filtering, time and depth domain stacking, are employed to obtain information for a wide variety of applications. Distributed acoustic sensing finds applications in monitoring of pipelines as well as railroads, highways, and borders.

The global distributed acoustic sensing (DAS) market was valued at US$ 506.3 Mn in 2021.

Recent Developments:

• In July 9, 2020, Halliburton Co. and TechnipFMC introduced Odassea a distributed acoustic sensing solution for subsea reservoir monitoring. The technology platform enables operators to execute seismic imaging and reservoir diagnostics to improve reservoir knowledge.
• In October 28, 2021 -- Hifi Engineering Inc. a supplier and developer of next-generation fiber optic sensing technology used to monitor critical infrastructure including oil and gas wells, and pipelines.

Restraint:

• Constantly depreciating oil prices are expected to restrain the growth of the global distributed acoustic sensing (DAS) market
• The low signal-to-noise ratio of DAS sensors is expected to hinder the globally distributed sensing (DAS) market growth over the forecast period

Distributed Acoustic Sensing Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 506.3 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	11.5 %	2030 Value Projection:	US$ 1,331.4 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Application: Oilfield Services, Pipeline Management, Security & Surveillance, Transport.
Companies covered:	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.
Growth Drivers:	High adoption of DAS solutions in railways is expected to drive growth of the global distributed acoustic sensing (DAS) market during the forecast period Growing focus on border surveillance is expected to present lucrative business opportunity for market players in the near future
Restraints & Challenges:	Constantly depreciating oil prices is expected to restrain growth of the global distributed acoustic sensing (DAS) market Low signal-to-noise ratio of DAS sensors is expected to hinder the global distributed sensing (DAS) market growth over the forecast period

Global Distributed Acoustic Sensing Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has adversely affected the global Distributed Acoustic Sensing (DAS) market. Distributed Acoustic Sensing (DAS) is widely used in Oilfield services and pipeline management as they have the capability to detect a wide range of errors and problems that can cause malfunctions in the system. Due to the pandemic, oilfield services and pipeline management faced financial crises due to which many new projects were suspended which directly impacted the sales of the distributed acoustic sensing (DAS) used in Oilfield services and pipeline management. Hence, the global distributed acoustic sensing market witnessed slow growth during the pandemic.

North America held a dominant position in the global distributed acoustic sensing (DAS) market in 2021

Statistics:

North America region dominated the global distributed acoustic sensing (DAS) market in 2021, accounting for a 35.4% share in terms of value, followed by Europe, Asia Pacific and Latin America, respectively

Figure 1: Global distributed acoustic sensing (DAS) Market Share (%), By Region, 2021

North America and Europe were two leading markets in terms of revenue in 2021, and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the growing automotive industry coupled with rising pollution. For instance, distributed acoustic sensing (DAS) are majorly used in oilfield and pipeline etc. in the automotive industry, which is expected to drive demand for distributed acoustic sensing (DAS) over the forecast period. Moreover, increasing demand for optic cable in the distributed acoustic sensing (DAS) is expected to facilitate growth of the distributed acoustic sensing (DAS) market in North America.

The Asia Pacific region is expected to gain traction during the forecast period. The countries in the Asia Pacific regions are constantly investing in the oil and gas sector. New plants are initiated to meet the energy requirement of countries such as India, Bangladesh, Taiwan, and others. The construction of new plants will increase the demand for distributed acoustic sensing (DAS) in the oil and gas sector are they are used to detect leakages, confined space monitoring, and others. Hence, the global distributed acoustic sensing (DAS) market is expected to gain traction in the Asia Pacific region in the forecast period.

Pipeline management segment is expected to drive the global distributed acoustic sensing (DAS) market growth during the forecast period.

Pipeline management is widely used in environmental monitoring restoration, protection, and remediation. Distributed acoustic sensing (DAS) is stable, cumulative, has high sensitivity, and is immune to heavy load and electrical interference. Due to all these advantages, distributed acoustic sensing (DAS) is developed to monitor plant growth systems and enclosed life support systems. Hence, the demand for distributed acoustic sensing (DAS) is expected to drive the growth of the global distributed acoustic sensing (DAS) market.

Figure 2: Global distributed acoustic sensing (DAS) Market (US$ Mn) Analysis and Forecast, 2022 - 2030

The global distributed acoustic sensing (DAS) market was valued at US$ 506.3 Mn in 2021 and is expected to reach US$ 1,331.4 Mn by 2030, growing at a CAGR of 11.5% between 2022 and 2030.

Major players operating in the global chemical sensor market include 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.