[FURL=https://www.industryarc.com/Research/Distributed-Acoustic-Sensing-Market-Research-505447?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Distributed Acoustic Sensing Market[/FURL] size is forecast to reach $1.6 billion by 2026, growing at a CAGR of 13.2% from 2021 to 2026. The Distributed Acoustic Sensing market is estimated to witness substantial growth over the forecast period primarily due to increase in technological advancements and durability and reliability of fiber optic systems. Distributed Acoustic Sensors are revolutionary photonic sensing technologies that convert standard communications fibre into a linear array of discrete vibration sensors.Key Takeaways
The Distributed Acoustic Sensing market is estimated to witness substantial growth over the forecast period primarily due to increase in technological advancements, durability and reliability of fiber optic systems and its long distance intervals which are suitable for functioning in harsh environment.
The visualization software for Distributed Acoustic Advanced Sensing technology performs signalling the optical fiber and highlights the location of leakage, security breach, and more. The software contributes to the growth of market which enable industries a new way to detect the problem.
Due to high investment and development of pipeline network of oil and gas industries are contributing to the growth of Distributed Acoustic Sensing market.
Distributed Acoustic Sensing market is dominated by APAC and is considered as the fastest growing region for Distributed Acoustic Sensing market. With increasing oil production operations and infrastructure, China in APAC is expected to hold large share.
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Distributed Acoustic Sensing Market Segment Analysis - By Geography
North America holds the largest share in global distributed acoustic sensing market with 34% in 2020. APAC is considered to have fastest growth over the forecast period due to rise in development and expansion of oil and gas and increase in investment. China is expected to contribute towards the growth of APAC region as it has significant growth in infrastructure, oil and gas industries, military and telecommunication industries and more. The rising demand for visualization software and advanced sensing technology will drive market demand.
Distributed Acoustic Sensing market Drivers
Increase in use of DAS in Seismology
Technological Advancement
Distributed Acoustic Sensing Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in Distributed Acoustic Sensing market. The Distributed Acoustic Sensing market is dominated by major companies such Halliburton, Future Fibre Technologies, Fotech Solutions, Schlumberger, OptaSense, fibrisTerre, Febus Optics, Omnisens, AP Sensing, Fiber SenSys.
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