DUBLIN, Feb. 15, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/ngsswk/global) has announced the addition of the "Global Distributed Acoustic Sensing Market 2016-2020" report to their offering.
The global DAS market to grow at a CAGR of 10.03% during the period 2016-2020.
Global Distributed Acoustic Sensing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
In 2015, the oil and gas sector was the highest contributor to the overall market, with a 53.73% market share. The oil and gas industry is a growing industry with increasing demands for unconventional resources and is expected to increase its market presence in the global market.
The oil and gas industry is likely to continue to dominate the market during the forecast period. However, the defense sector is expected to grow at a similar pace during the forecast period. In terms of geographical revenue contribution, the Americas dominated the global DAS market in 2015, accounting for a share of 44.8%.
Growing importance of DAS in border surveillance and security is the major trend in the market. DAS can offer a low-cost and high-reliability construction detection and other monitoring applications, with communications and power services needed only every 80-100 km. The technology is gaining importance in worldwide security operations by detecting border threats with few nuisance alarms.
According to the report, the high tolerability of distributed acoustic sensors toward extreme temperature has made these sensors easily adaptive for use in harsh and severe temperature conditions. The increasing oil and gas exploration and drilling activities in the Americas and EMEA will lead to increasing need for distributed acoustic sensors in these regions.
Further, the report states that the lack of standards and guidelines for distributed acoustic sensors is hindering their adoption
To calculate the market size, the report considers revenue generated from the usage of distributed acoustic sensors in the following customer segments:
- Oil and gas
Other prominent vendors
- AP Sensing
- Fotech Solutions
- OZ Optics
- Pruett Tech
For more information visit http://www.researchandmarkets.com/research/ngsswk/global
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets