Although PMR maintains a positive outlook on the global distributed acoustic sensing market, few challenges can impede the growth of the market
New York, NY -- (SBWIRE) -- 12/27/2017 -- The global distributed acoustic sensing (DAS) market is projected to reach US$ 460.8 Mn in 2017, up from US$ 404.3 Mn in 2016. Persistence Market Research, in its new research, projects the market to grow at 20.2% CAGR and surpass US$ 2 Bn in revenues by 2025.
By application, Persistence Market Research has segmented the distributed acoustic sensing market into oilfield services, pipeline management, security & surveillance, and transport services. Oilfield services accounted for the largest revenue share of the market; by 2025, this segmented is projected to reach 63.3% in revenues. In terms of revenues, this segment is projected to reach a market value of over US$ 1.26 billion.
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Unsurprisingly, Middle East & Africa (MEA) is the largest market for distributed acoustic sensors. The region is expected to account for a revenue share of 38.1% in 2017. North America is the second largest market for distributed acoustic sensors globally. In North America, the U.S. continues to dominate the demand for distributed acoustic sensors, with nearly 75% revenue share of the market.
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Leading companies profiled by Persistence Market Research in its report are Halliburton Co., Schlumberger Limited, Optasense, Baker Hughes Incorporated, Future Fibre Technologies, Fotech Solutions Ltd., Silixa Ltd., Bandweaver, Omnisens SA, and Hifi Engineering Inc.
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About Persistence Market Research
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