Global Distributed Acoustic Sensing (DAS) Market Size |
Distributed acoustic sensing (DAS) is a fiber optic sensing technology that monitors sounds and vibrations along optical fiber. It is increasingly being adopted for infrastructure monitoring applications owing to its ability to detect minor disturbances occurring underground or under water over long distances.
The global
Distributed Acoustic Sensing (DAS) Market is estimated to be valued at US$ 701.01 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 increasing adoption of DAS technology for monitoring critical
infrastructure such as pipelines, rail tracks, and borders is a key trend
spurring market growth. DAS uses the intrinsic properties of optical fibers to
detect acoustic signals or vibrations occurring close to the fiber. It offers benefits
like high sensitivity in detection and ability to monitor disturbances from a
central control room. These advantages have made it popular for perimeter
security and hazardous material pipeline monitoring applications. Furthermore,
ongoing research and development focused on lowering the cost of DAS systems is
also contributing to wider uptake across industries.
Segment
Analysis
The global distributed acoustic sensing (DAS) market is dominated by the oil
and gas sub-segment. Distributed acoustic sensing enables remote and continuous
monitoring of acoustic signals for applications such as perimeter monitoring,
pipeline monitoring and border security. It is ideal for long-distance
monitoring over hundreds of kilometers without the need for deployed sensors.
As pipelines form the backbone of oil and gas transport, DAS technology helps
operators detect third party interference and perforation with pinpoint
accuracy. This ensures safety and security of operations. Further, it reduces
cost of deployment and maintenance compared to traditional monitoring systems.
Hence the oil and gas sub-segment accounts for over 35% share of the global DAS
market.
Key Takeaways
Global
Distributed Acoustic Sensing (DAS) Market Size is expected to witness
high growth over the forecast period of 2023 to 2030.
Regional
analysis: North America currently dominates the global market with over 30%
share owing to robust investments in infrastructure development and security
applications across the US and Canada. However, Asia Pacific region is expected
to grow at the fastest pace during the forecast period led by countries like
China and India. These countries are witnessing rising investments in oil and
gas pipeline networks and focusing on enhancing border security.
Key players analysis: Key players operating in the 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. QPump offers a wide product portfolio for DAS systems catering to
industries like oil & gas, border security and structural monitoring.
Render Biotech has a strong hold in the healthcare segment offering solutions
for blood analysis.
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