by Distributed acoustic sensing represents an emerging fiber optic sensor technology that allows continuous monitoring of various parameters along extended lengths of optical fibers. It utilizes fiber optic cables to detect and locate acoustic signals or vibrations generated along vertical or lateral wellbore sections or along pipelines. These signals can be used to monitor various downhole parameters and detect anomalies. DAS enables real-time distributed sensing along extensive pipeline lengths as well as oil and gas boreholes for applications ranging from intrusion and third-party interference detection to flow monitoring and asset integrity management. It helps operators enhance the safety, integrity, and efficiency of critical infrastructure and operations.
The global Distributed Acoustic Sensing (DAS) Market size is estimated to be valued at US$ 701.1 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: One of the key trends spurring growth in the DAS market is the increasing adoption of fiber optic sensing technology across various industrial verticals including oil and gas. Fiber optic sensors offer significant advantages including high sensitivity, immunity to electromagnetic interference, resistance to corrosion, and ability to monitor activities along extended infrastructure lengths. Their application in distributed temperature and acoustic sensing allows continuous monitoring over hundreds of kilometers, improving safety and productivity. Rising focus on aging infrastructure integrity and remote operations is further fueling incorporation of DAS systems for applications like third party interference detection, pipeline monitoring, and asset inspection.
Porter’s Analysis
Threat of new entrants: Low development and production costs pose low threats of new entrants in the DAS market. Bargaining power of buyers: Customers have moderate bargaining power due to availability of product offerings from various manufacturers. Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of raw material sources. Threat of new substitutes: Threat from new substitutes is low as DAS systems provide unique and niche applications. Competitive rivalry: Intense competition exists among established players to gain higher market share.
Key Takeaways
The global Distributed Acoustic Sensing (DAS) market is expected to witness high growth.
Regional analysis: Asia Pacific region dominates the global DAS market and is expected to continue its dominance during the forecast period. Countries like China, India are driving the market growth in the region supported by increasing oil & gas activities and investments in new pipeline projects.
Key players operating in the Distributed Acoustic Sensing (DAS) market are Lepu Medical Technology (Beijing) Co.,Ltd., Render Biotech Co., Haemonetics Corporation, TA Instruments, HemaCore LLC, 5-Diagnostics, Xenometrix AG, Framar Hemologix srl, Instrumentation Laboratory, Medirox AB, Diagnostica Stago, Life Diagnostica, SYCOmed e.K., Nordic Biomarker, and Shenzhen Ultra-Diagnostics Biotec. Co., Ltd. Companies are focusing on new product development and geographical expansion to increase their market share.
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