The Distributed Acoustic Sensing (DAS)Market size is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a CAGR of 11.4% from 2020–2025.
DAS systems are
increasingly being adopted by various industries due to their advantages such
as immunity toward electromagnetic interference, high range, and lower
maintenance compared to electrical-based sensors. Owing to COVID-19, the DAS
market is estimated to decline by ~10% for 2019–2020. Given the critical nature
of monitoring operations in the oil & gas industry and the increased digitization
of production, completion, and evaluation operations, DAS systems continue to
hold significant importance in this field due to increased digitization taking
place in this industry. This has also led to the deployment of DAS systems in
other industries such as military, infrastructure, and transportation, which is
helping in the growth of the overall market.
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Market for multimode
fibers to grow at higher CAGR during forecast period
Multimode fiber
optic cables have larger cores (45–50 microns) compared with single-mode
fibers. The large diameter allows many paths for the rays of light to travel
through the fiber. The large diameter of multimode fibers also allows for more
optical power to be launched in the fiber allowing for greater light gathering
capacity and facilitates the use of cheaper electro-optic devices or
interrogators. Although multimode fibers have a lower range of detection
compared to single-mode fibers, they can eliminate signal fading within that
distance. Hence, the market for multimode fibers is expected to grow at a
higher CAGR during the forecast period.
Market for oil &
gas industry to grow at highest CAGR during forecast period
New pipeline projects are also being deployed worldwide on a large scale and DAS technology has proven to be ideal and cost effective for long-distance monitoring. Due to the increasing deployment of DAS systems for pipeline monitoring, the industry is also expected to have the highest growth during the forecast period. DAS systems can monitor the entire length of an oil & gas pipeline using telecommunications grade fiber optic cables. The market for pipeline integrity holds a larger share due to the larger distance covered using DAS systems compared to that for oilfield services. The fiber optic cable deployed for pipelines can stretch to thousands of kilometers compared to their deployment in oilfields, which is only a few hundred kilometers. Also due to the resilience of DAS systems in harsh operating environments, they are quickly replacing traditional monitoring solutions such as electrical and quartz-based sensors.
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Americas to hold
largest share of DAS market during 2020–2025
The DAS market is
dominated by the Americas, with North America contributing to the majority share of the
market compared to South America.
In North
America, the US is a key
market for DAS systems, accounting for the largest share in the region during
the forecast period. According to the US Energy Information Administration
(EIA), the US ranked first in oil & gas production. Canada is the second-largest market for DAS systems
in North
America and according
to the EIA, Canada ranked fifth in terms of oil & gas
production in 2019. South America has
some of the world's largest oil & gas reserves located in Argentina and Venezuela. In South America, state-owned companies oversee the majority of oil
& gas production in their respective countries. Hence, the Americas is
expected to hold the largest market for DAS systems. At present, due to the
North American region being most affected owing to the COVID-19 pandemic
resulting in the subsequent decrease of hydraulic fracturing and offshore
drilling activities, the DAS market in the Americas is expected to be among the
most affected markets.
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