Distributed Acoustic Sensing Market Poised for Strong Growth
Distributed acoustic sensing (DAS) utilizes fiber optic cables for real-time monitoring of acoustic/seismic activities in various fields like oil & gas pipelines, rail transportation, environmental, and border/perimeter security. DAS finds applications in detecting hydrocarbon leaks, third-party intrusions, pipeline corrosion, and tampering. It provides enhanced spatial resolution, sensitivity, and accuracy over conventional monitoring techniques. The global DAS Market 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:
The growing need for perimeter security and pipeline surveillance is one of
the major drivers boosting the DAS market growth. With increasing terrorist
activities and illegal oil tapping, there is a rising demand for real-time
monitoring solutions along pipelines and borders. DAS technology offers
distributed monitoring over tens of kilometers with highresolution localization
capability. It can detect any acoustic anomalies occurring underground or along
the perimeter and immediately trigger an alert. The enhanced surveillance
awareness allows timely intervention and helps curb revenue losses due to theft
or sabotage activities. The key advantages of long-range penetration and
tamper-proof operations are prompting critical infrastructure and security
agencies to adopt DAS-based monitoring widely.
Segment Analysis
The global
distributed acoustic sensing (DAS) market size is dominated by the oil
& gas sub-segment. This is because DAS technology allows oil and gas
companies to monitor their pipelines and facilities for any leaks or intrusions
over long distances with high sensitivity. DAS systems are able to detect even
minute vibrational changes caused by micro seismic events or intrusions in
underground facilities. This helps oil and gas companies improve safety and
security of their critical infrastructure.
Key Takeaways
The global distributed acoustic sensing (DAS) market is expected to witness
high growth over the forecast period of 2023 to 2030.
Regional Analysis: North America is currently the largest and fastest growing
regional market for DAS. This is due to the extensive oil and gas pipeline
networks in countries like the US and Canada. DAS technology is widely adopted
by major oil and gas players in the region to strengthen monitoring and
security of their pipeline infrastructure. Moreover, supportive regulatory
policies regarding asset integrity and cybersecurity of critical infrastructure
further boosts the demand for DAS systems in North America.
Key Players: 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, 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.
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more insights on this topic: https://www.newsstatix.com/distributed-acoustic-sensing-das-market-share-and-opportunity-analysis-2023-2030/
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