A $2 Billion Global Opportunity for Distributed Acoustic Sensing (DAS) by 2026 - New Research from StrategyR

SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Distributed Acoustic Sensing (DAS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1203
Companies: 42 - Players covered include Baker Hughes, a GE company; Fotech Solutions Ltd.; Future Fibre Technologies Ltd.; Halliburton; Northrop Grumman Corporation; OFS Fitel LLC; Omnisens SA; QinetiQ Group PLC; Schlumberger Ltd.; Silixa Ltd.; Ziebel AS and Others.
Coverage: All major geographies and key segments
Segments: Application (Oilfield Services, Pipeline Management, Security & Surveillance, Transport Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Distributed Acoustic Sensing (DAS) Market to Reach $2 Billion by 2026
Amid the COVID-19 crisis, the global market for Distributed Acoustic Sensing (DAS) estimated at US$647.8 Million in the year 2020, is projected to reach a revised size of US$2 Billion by 2026, growing at a CAGR of 20.1% over the analysis period. Oilfield Services, one of the segments analyzed in the report, is projected to record a 21.2% CAGR and reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pipeline Management segment is readjusted to a revised 19.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $236.4 Million in 2021, While China is Forecast to Reach $338.4 Million by 2026
The Distributed Acoustic Sensing (DAS) market in the U.S. is estimated at US$236.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$338.4 Million by the year 2026 trailing a CAGR of 19.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.

Security & Surveillance Segment to Reach US$134.5 Million by the year 2026
In the global Security & Surveillance segment, USA, Canada, Japan, China and Europe will drive the 18.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$39 Million in the year 2020 will reach a projected size of US$124.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.