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Distributed Acoustic Sensing Market To Witness Healthy Growth At 11 5% CAGR By 2025, Due To Rising Need For Inspection & Monitoring of Fluid Flow Across Petroleum Sector

Share this article Share this article FELTON, Calif., Jan. 19, 2021 /PRNewswire/ The global distributed acoustic sensing market is anticipated to value USD 775.8 million until 2025. It is also expected to register a CAGR of 11.5% over the forecasted years, 2019 to 2025. The increasing need for inspection and monitoring of fluid flow across the petroleum industry coupled with the rapid technological advances in sensing technology is projected to drive the market growth across the globe. The single-mode fiber optic segment accounted for a significant share in 2018 due to its feature of permitting limited external interference. Also, their lower thickness and ability for longer-range transmission is further expected to drive the market growth over the forecasted period, 2019 to 2025.

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