The Global Distributed Acoustic Sensing (DAS) Market, By Application (Oilfield Services, Pipeline Management, Security & Surveillance and Transport) by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Forecast to 2027”, is expected to be valued at US$ 3,065.3 million by 2027, exhibiting a CAGR of 22% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Based on Rayleigh scattering phenomenon, distributed acoustic sensing (DAS) system utilizes fiber optic cables to provide distributed strain sensing. DAS system is used to determine acoustic strain signals over long distances, effectively turning the optic fiber cable into a series of virtual microphones. The oil & gas sector is the largest end-use industry of DAS system where it is utilized to monitor the effectiveness of hydraulic fracturing for production flow monitoring and for monitoring borehole seismic activity. DAS offer lower-cost communications network surveillance and management.
The Global Distributed Acoustic Sensing (DAS) Market was valued at US$ 624.3Mn in 2019 and is expected to exhibit a CAGR of 22.0% during the forecast period (2019-2027)
High adoption of DAS solutions in railways is expected to drive growth of the global distributed acoustic sensing (DAS) market during the forecast period
The railway sector has witnessed significant growth in adoption of DAS technology in the recent past. This is done to increase security of high-value equipment. With a part of the infrastructure required to deploy DAS already in place, this concept has emerged as a high potential monitoring technique in the railway vertical. Stringent government regulations and proactive initiatives regarding deployment of DAS system have reduced metal theft incidents in railways in the recent past. For instance, in September 2016, Frauscher Sensortechnik GmbH, an Austria-based wheel detection systems provider, introduced Frauscher Tracking Solutions (FTS) line. Through this, the company enhanced its rail detection technologies portfolio with this new DAS technology product range. Furthermore, Frauscher Sensortechnik GmbH has collaborated with Fotech Solutions Ltd to further develop FTS. Through collaboration, the existing Fotech-DAS-systems will be optimized for use in FTS.
Growing focus on border surveillance is expected to present lucrative business opportunity for market players in the near future
Growing importance of border surveillance, in order to curb illicit activities such as drug trafficking, terrorist activities, and unauthorized entry has increased the demand for DAS systems. Advanced DAS systems can differentiate and identify activities such as people, vehicle movement, gunfire, and more. All alters are displayed in real-time with help of a map display that facilitates users to monitor very long distances. Moreover, DAS allows monitoring of deeper tunnels, with fiber cable depth dictated by desired detection depth and geological conditions. Hence, growing use of DAS systems in border patrolling and surveillance is expected to provide major business opportunities for market players in the near future.
Large volume of data generated by DAS system is expected to restrain growth of the global distributed acoustic sensing (DAS) market over the forecast period
Managing and handling increasing volume of data generation that is produced by DAS systems is a challenging task. Enterprises emphasize on expanding the capabilities of computer systems and applications used by service providers. Furthermore, growing development of complex and capital-intensive reservoir development projects is expected to increase the demand for downhole fiber optic sensors (or DAS) in the near future. Moreover, oil & gas enterprises are increasingly facing challenges related to finding ways to incorporate and correlate the optic-fiber data with conventional production data, which in turn, is expected to restrain growth of the global distributed acoustic sensing (DAS) market in the near future.
Although there is large volume of data acquired through DAS systems, there is still requirement for precise information related to downhole activities. Currently, major DAS and DTS systems offer qualitative and descriptive observations. Although qualitative information offers significant value, operators of DAS are focused on extracting data with quantities measurements, which in turn, helps to analyze dynamics more efficiently. Technology developers are focused on fulfilling these requirements by closing the gap. Major players in the DAS industry such as OptaSense, Schlumberger, and Baker Hughes are constantly investing to develop quantitative solutions for DAS.
Although major established market players account for significant revenue share in the market, emerging companies and new entrants are coming up with novel products. This, in turn, is expected to hinder the revenue share of other players during the forecast players. New entrants are introducing advanced technology and innovative products, which is expected to help them capitalize on untapped potential in the market.
Key players operating in the global distributed acoustic sensing (DAS) market are Halliburton Co., Hifi Engineering Inc., Silixa Ltd., Schlumberger Limited, Banweaver, Omnisens SA, Future FibreTechnologies Ltd., Baker Hughes, Inc., Qintiq Group PLC, and Fotech Solutions Ltd.
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