Distributed Acoustic Sensing (DAS) is an optical fiber-based technology that uses Rayleigh backscattering phenomenon to detect acoustic anomalies along extended lengths of optical fiber. DAS systems offer real-time monitoring over long distances with high spatial resolution and accuracy. They provide continuous sensing along pipelines and cables to detect fractures, leaks or third-party intrusions. The technology is increasingly being used for oil and gas pipeline monitoring, border and perimeter security, and structural health monitoring of critical infrastructure.
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 Opportunity:
Pipeline monitoring and leak detection presents a major growth opportunity for the DAS market. Continuous pipeline monitoring with DAS helps operators detect even small leaks and thereby prevent environmental disasters. It allows early detection of leaks and third party intrusions to secure critical oil and gas infrastructure. The technology is gaining acceptance as a cost effective and reliable solution compared to traditional acoustic sensors for pipeline monitoring over long distances. With growing emphasis on pipeline safety and integrity management, deployment of DAS systems for pipelines is expected to increase significantly, driving the overall market growth over the forecast period.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate in the DAS market as it requires high upfront investments in R&D for product development. However, technology companies with strong R&D capabilities can enter this market.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the presence of many established vendors in the DAS market providing differentiated products. However, the need for specialized deployment and analysis favors vendors.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of substitute raw materials and parts. This prevents suppliers from manipulating prices.
Threat of new substitutes: The threat of substitutes is low as DAS technology provides unique capabilities than other acoustic sensing alternatives.
Competitive rivalry: The competitive rivalry is high due to technology innovation, product differentiation, and intensity from global and regional vendors.
SWOT Analysis
Strength: DAS offers high sensitivity, high resolution and continuous monitoring over long distances. It ensures safety and security of critical infrastructure.
Weakness: High setup and maintenance cost. Requirement of skilled workforce for data analysis.
Opportunity: Growing demand from oil & gas industry for pipeline monitoring. Increasing use for border security and perimeter fencing.
Threats: Economic slowdowns reducing capital expenditure on new exploration projects. Availability of open-source and low-cost data acquisition systems.
Key Takeaways
The Global Distributed Acoustic Sensing (Das) Market Size is expected to witness high growth at a CAGR of 18% during the forecast period of 2023 to 2030. It is projected to reach a size of US$ 2,198.3 Mn by 2030 from US$ 701.1 Mn in 2023.
Regional analysis: North America dominates the market currently with a share of over 35% in 2023 owing to rapid technological adoption across oil & gas industry in the US and Canada. Asia Pacific is expected to grow at the fastest pace during the forecast period with countries like China, India witnessing increased government spending on infrastructure projects and rising energy demand.
Key players: Key players operating in the 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 captured majority market share in 2023 backed by extensive global presence and diversified service offerings to oil & gas industry.
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MarketsandMarkets estimates the global distributed acoustic sensing market size to grow from USD 462 million in 2020 to USD 792 million by 2025; growing at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.DAS systems are primarily used for down hole and pipeline monitoring in the oil & gas industry.
Given the critical nature of monitoring operations and increased digitization in the oil & gas industry over the years, DAS systems continue to hold significant importance in this field.
Ask for Free PDF Copy:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31300369 DAS systems are constantly being developed for improved performance and precise event detection.
This development aims at reducing measurement noise, enhancing measurement spatial resolution, and increasing dynamic measurement capacity.
A research paper titled Recent Advances in Distributed Acoustic Sensing Based on Phase-Sensitive Optical Time Domain Reflectometry discusses these advancements to improve the performance of DAS systems.
The paper has discussed the use of high ER pulses to reduce coherence noise.
According to Stratistics MRC, Distributed Acoustic Sensing (DAS) Market Value is expected to reach $1,114.12 million by 2027 growing at a CAGR of 13.4% during the forecast period.
Distributed acoustic sensing is an advanced sensing technology that measures the acoustic data continuously in real-time along the entire length of a fiber optic cable.
Unlike traditional sensors that rely on discrete sensors measuring at pre-determined points, this type of sensing does not rely upon stationary manufactured sensors but also utilizes the optical fiber.
View complete Distributed Acoustic Sensing (DAS) Market with Table of Content @ https://www.strategymrc.com/report/distributed-acoustic-sensing-das-market/toc By geography, Asia Pacific is going to have a lucrative growth during the forecast period.
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.
Request a Sample of Distributed Acoustic Sensing (DAS) Market research @ https://www.strategymrc.com/report/distributed-acoustic-sensing-das-market/request-sample Some of the key players profiled in the Distributed Acoustic Sensing (DAS) Market include Baker Hughes Inc, Banweaver, Fotech Solutions Ltd, Future Fiber Technologies Ltd, Halliburton Co, Hifi Enginnering Inc, Northrop Grumman, Omnisens SA, Qintiq Group PLC, Schlumberger Limited, Silixa Ltd, Synet Optics and Ziebel.
