Oilfield Communications: Global Strategic Business Report

Global Oilfield Communications Market to Reach $6.2 Billion by 2030

The global market for Oilfield Communications estimated at US$4.2 Billion in the year 2022, is projected to reach a revised size of US$6.2 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$4.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 9.2% CAGR

The Oilfield Communications market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 41 Featured) -

• ABB Ltd.
• Alcatel-Lucent Enterprise
• Ceragon Networks Ltd. Halliburton
• Huawei Technologies Co. Ltd.
• Hughes Network Systems LLC
• Inmarsat plc
• ITC Global
• Redline Communications Group
• RigNet, Inc.
• Weatherford International

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year