The oilfield communications market was valued at US$ 4111.4 million in 2019 and is projected to reach US$ 6812.8 million by 2026. The Oilfield communications market is expected to grow at a CAGR of 8.74% during the forecast period of 2020 to 2025.
The oil and gas industry is accelerating rapidly in terms of technology adoption as well as better user expectations for reliable, high-performance connectivity. The network users working at offshore/onshore expect fast and uninterrupted internet connectivity across the area. Although IoT is not new to the oil & gas industry, the firms associated with the energy sector are always looking for new techniques to increase efficiency and create competitive advantages through automation and real-time data analysis. Satellite communications technology is highly available, providing coverage ubiquitously. Rising demand for offshore oil field communication solutions, new projects in drilling for oil in extreme conditions and rising implication of cyber security are some of the key factors fuelling the market growth. However, factors such as strict government regulatory norms and probable risk in data and asset security are hindering the market. Growing demand for cost-effective solutions in the oil and gas industry provides ample of opportunities for the Oilfield Communications market growth. The growth is due to the need for cyber security in the oil & gas industry. Asia Pacific is anticipated to grow highest CAGR during the forecast period due to the high investing R&D activities and rapidly increasing oilfield excavation activities in this region.
The market for Location of Things globally has been segmented into service, communication network technologies, field site, solution and geography. The service segment is fragmented by managed services and professional services. Whereas the solutions is segmented into midstream communication solutions, downstream communication solutions, and upstream communication solutions. By field sit market is segmented into onshore communications and offshore communications. The communication Network technology is segmented into tetra network, fiber-optic based communication network, microwave communication network, cellular communication network, and VSAT communication network.
Lucrative Regions in Oilfield communications Market
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Oilfield communications Market Insights
Increasing demand for reliable technologies
There is a rising necessity for reliable and high-speed communications technology in both onshore as well as offshore locations. Steadfast communication is required for supporting mission critical operations in the oilfields. It is also required that the infrastructure supports the welfare of the crew, thereby enabling the workers in accessing the desired internet services. Further it also aids in the enhancement of health and safety policies. Satellite connectivity plays a vital role in remote environments. It is used both as a primary communication source and as an independent link for back-up for the sites that are deploy terrestrial connectivity. The emergence of satellites with high throughput help in extending automation to all the operations in the filed including supply, remote maintenance, live data processing, and decision making.
Service -Based Market Insights
Rapid technology advancements have stressed the necessity to comprehend the complexities of the IT environment and assure that the technology is synchronized with the business objectives of oil companies. Integrating multiple IT systems that serve different departments, functions, and stages in product lifecycles have been a key challenge faced by organizations today on their growth path. Thus, organizations are seeking for implementing technology-driven business models to attain a competitive advantage. On the basis of service, the global oilfield communications market is categorized into managed services and professional services.
Oilfield communications Market, by Service – 2019 and 2026
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FIELD SITE -Based Market Insights
The Global oilfield communications market is segmented on basis of field site into onshore and offshore communications. Robust and reliable communications in one of the most crucial aspects in the oil market in both offshore and onshore locations. The demand for communications services have increased significantly in the oil market in the past few years. With ever increasing complexity in operations, rising data requirements, collaborative work processes between various onshore and offshore locations, the need for robust telecommunications is constantly growing.
Communication Network Technology -Based Market Insights
The oilfield communications market by communication network technology is segmented into Tetra Network, Fiber Optic-Based Communication Network, Microwave Communication Network, Cellular Communication Network, and VSAT Communication Network. The VSAT Communication Network is further bifurcated into various band types such as C-Band, L-Band, Ku-Band, and High Throughput Satellite (HTS); and by network type into Mobile VSAT Network, Managed VSAT Network, and Fixed VSAT Network.
Solution -Based Market Insights
The oilfield communications market by solution is segmented into Midstream Communication Solutions, Downstream Communication Solutions, and Upstream Communication Solutions. The market by solution is further segmented onto On-Site Network Connectivity Solutions (Wi-Fi Hotspot, WiMAX, Remote Field WAN and LAN), Integrated Communication Technology Solution (Wireless Intercom System, Unified Communication, Two-Way Radio Communication, VoIP Solutions, Video Conferencing), and Operational Data Communication Solution.
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Oilfield Communications Market: Strategic Insights
Market Size Value in US$ 4111.4 Million in 2019 Market Size Value by US$ 6812.8 Million by 2026 Growth rate CAGR of 8.74% from 2020-2026 Forecast Period 2020-2026 Base Year 2020
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Oilfield Communications Market: Strategic Insights
Market Size Value in | US$ 4111.4 Million in 2019 |
Market Size Value by | US$ 6812.8 Million by 2026 |
Growth rate | CAGR of 8.74% from 2020-2026 |
Forecast Period | 2020-2026 |
Base Year | 2020 |
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Speak to AnalystPlayers operating in the Oilfield communications market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the oilfield communications market. A few developments by key players of the oilfield communications market are:
In April 2019, CommScope completed its acquisition of ARRIS International plc. Through this acquisition, CommScope is anticipated to drive profitable growth in new markets and shape the future of wired and wireless communications.
In March 2019, Airspan’s partnered with Google’s SAS to provide a full suite of CBRS services to the WISP market. Through this partnership Airspan has the opportunity to expand its customer base in WISP market.
Oilfield communications Market – by Services
- Managed Services
- Professional Services
Oilfield communications Market – by Communication Network Technologies
- Tetra Network
- Fiber Optic-Based Communication Network
- Microwave Communication Network
- Cellular Communication Network
- VSAT Communication Network
Oilfield communications Market – by Field Site
- Onshore Communications
- Offshore Communications
Oilfield communications Market – by Solution
- Midstream Communication Solutions
- Downstream Communication Solutions
- Upstream Communication Solutions
Oilfield communications Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Spain
- UK
- Italy
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- China
- India
- Australia
- Japan
- New Zealand
- Rest of Asia Pacific
MEA
- South Africa
- UAE
- Saudi Arabia
- Qatar
- Rest of MEA
SAM
- Argentina
- Brazil
- Chile
- Rest of South America
Oilfield communications Market – Company Profiles
- ABB Ltd.
- Airspan Networks Inc.
- BAKER HUGES INCORPORated
- Ceragon Networks Ltd.
- CommScope Holding Company, Inc.
- Commtel Networks Pvt. Ltd.
- Huawei Technologies Co. Ltd.
- Hughes Network Systems LLC
- Inmarsat plc
- RAD Data Communications
- Rignet, Inc.
- Speedcast International Limited
- Tait Communications
- NOKIA COrporation (ALCATEL-LUCENT)
- Siemens AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service ; Communication Network Technology ; Field Sit ; and Solution
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- ABB Ltd.
- Airspan Networks Inc.
- Baker Huges Incorporated
- Ceragon Networks Ltd.
- Commscope Holding Company, Inc.
- Commtel Networks Pvt. Ltd.
- Huawei Technologies Co. Ltd.
- Hughes Network Systems LLC
- Inmarsat plc
- Rad Data Communications
- RigNet, Inc.
- Speedcast International Limited
- Tait Communications
- Nokia Corporation (Alcatel-Lucent)
- Siemens AG
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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