PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1517588
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1517588
Global Distributed Acoustic Sensing Market size will expand at over 9.5% CAGR from 2024 to 2032, due to the rising investments in infrastructure worldwide. Distributed acoustic sensing (DAS) technology is transforming monitoring systems by converting optical fibers into sensors for monitoring infrastructure by detecting vibrations and changes in conditions. This capability is enhancing safety and efficiency across various sectors.
In addition, DAS is integrated with advanced AI algorithms for improving predictive capabilities and preemptive maintenance strategies. This integration is reshaping the management of infrastructure for ensuring proactive responses to potential risks and optimizing operational performance. According to the India Interim Budget 2024-25, the capital investment outlay for infrastructure grew by 11.1% to Rs. 11.11 lakh crore (US$ 133.86 billion). This funding is supporting advancements, such as DAS for enhancing capabilities for monitoring infrastructure.
The market is segregated into fiber type, end-use, and region.
By fiber type, the DAS industry from the single-mode fiber segment is estimated to rise at a significant rate from 2024 to 2032. This is due to the growing use of single-mode fibers in transforming DAS and optical fibers into sensors for detecting acoustic signals. This technology is revolutionizing industries by providing real-time monitoring of pipelines, railways, and other critical infrastructure. Moreover, these fibers are integrated into infrastructure to enhance monitoring and predictive analytics.
Distributed acoustic sensing industry from the power & utility end-use segment is expected to expand from 2024 to 2032, led by growing utilization to monitor power and utility infrastructures. DAS works by using fiber optic cables to detect vibrations along their length for converting them into data for analysis. Growing integration into more systems for enhancing real-time monitoring capabilities for improving operational efficiency and maintenance planning of power grids and utility networks will add to the segment growth.
Regionally, the North America DAS industry size is projected to depict robust growth between 2024 and 2032, propelled by the expanding presence in oil & gas exploration and increasing focus on pipeline monitoring. This technology is being applied to detect vibrations along fiber optic cables for converting them into actionable data for analysis. Rising development in technologies to meet the specific needs of the oil & gas sector in North America will also add to the regional market growth. For instance, in March 2024, Offshore Technology reported that new build projects will dominate North America's oil & gas projects until 2028, comprising 83% of the total.