Global Opportunity Analysis and Industry Forecast, 2014-2022
The global distributed temperature sensing (DTS) market was valued at $486 million in 2015, and is expected to reach $819 billion by 2022, growing at a CAGR of 7.9% from 2016 to 2022.
Distributed temperature sensing (DTS) is a real-time temperature measurement technique that provides continuous monitoring for the entire length of the cable covering all the critical measurement points. A DTS system was mainly developed for the oil & gas industry to assist reservoir engineers in optimizing the monitoring techniques. The growth of DTS market is attributed to the increase in safety norms and supportive government policies across different regions. Furthermore, high demand from oil & gas applications coupled with high reliability and wide coverage of DTS systems is expected to fuel the market growth significantly. However, technical awareness about sensor cables and high implementation costs may have an adverse effect on the growth of this market. Increasing subsea operations in the oil & gas industry provide numerous growth opportunities to the DTS market.
The global DTS market is segmented on the basis of fiber type, operating principle, and application. Based on fiber type, the market is bifurcated into single-mode fiber and multimode fiber. Based on the operating principle, it is segmented into optical time domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR). Based on application, it is divided into oil & gas production, power cable monitoring, pipeline surveillance, fire detection, renewable energy, and other applications. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the DTS market include STMicroelectronics N.V., NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Johnson controls international PLC, Sony Corporation, and Honeywell International, Inc.
POTENTIAL BENEFITS FOR STAKEHOLDERS
This report provides an in-depth analysis of the global DTS market, along with current trends and future estimations to identify lucrative investment opportunities.
Key drivers, opportunities, and restraints that impact the market are analyzed.
Porter’s Five Forces analysis highlights the potency of buyers & suppliers to facilitate better decision-making for stakeholders and strengthen their supplier & buyer networks.
Market estimation of geographical regions is based on the current market scenario and future trends.
BY FIBER TYPE
BY OPERATING PRINCIPLES
Optical Time Domain Reflectometry (OTDR)
Optical Frequency Domain Reflectometry (OFDR)
Oil & Gas Production
Power Cable Monitoring
Other Applications (Process Monitoring and Sewer Monitoring)
Rest of Europe
Rest of Asia-Pacific
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2 Executive Summary
2.1. Key Findings Of The Study
2.2. CXO Perspective
Chapter 3 Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porters Five Forces Analysis
3.3.1. Bargaining Power Of Buyers
3.3.2. Bargaining Power Of Suppliers
3.3.3. Threat Of Substitutes
3.3.4. Threat Of New Entrants
3.3.5. Intensity Of Competitive Rivalry
3.4. Market Share Analysis, 2015
3.5. Market Dynamics
Chapter 4 Distributed Temperature Sensing Market, By Fiber Type
4.1.1. Market Size And Forecast
4.2. Single Mode Fiber
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast
4.3. Multimode Fiber
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast
Chapter 5 Distributed Temperature Sensing Market, By Operating Principle
5.1.1. Market Size And Forecast
5.2. Optical Time Domain Reflectometry
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast
5.3. Optical Frequency Domain Reflectometry
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast
Chapter 6 Distributed Temperature Sensing Market, By Application
6.1.1. Market Size And Forecast
6.2. Oil & Gas Production (Upstream And Downstream)
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast
6.3. Power Cable Monitoring
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast
6.4. Pipeline Surveillance
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast
6.5. Fire Detection
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast
6.6. Environmental Monitoring
6.6.1. Key Market Trends, Growth Factors, And Opportunities
6.6.2. Market Size And Forecast
6.7. Others (Process Monitoring And Sewer Monitoring)
6.7.1. Key Market Trends, Growth Factors, And Opportunities
6.7.2. Market Size And Forecast
Chapter 7 Dts Market, By Geography
7.2. North America
7.2.1. Market Size And Forecast
7.3.1. Key Market Trends
7.3.2. Market Size And Forecast
7.3.6. Rest Of Europe
7.4.1. Key Market Trends
7.4.2. Market Size And Forecast
7.4.5. South Korea
7.4.8. Rest Of Asia-Pacific
7.5. Lamea (Latin America, Middle-East, And Africa)
7.5.1. Key Market Trends
7.5.2. Market Size And Forecast
7.5.3. Latin America
7.5.4. Middle East
Chapter 8 Company Profiles
8.1. Stmicroelectronics N.V.
8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves And Developments
8.2. Nxp Semiconductors N.V.
8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4. Key Strategic Moves And Developments
8.3. Infineon Technologies Ag
8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves And Developments
8.4. Qualcomm Technologies, Inc.
8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategic Moves And Developments
8.5. Atmel Corporation
8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategic Moves And Developments
8.6. Texas Instruments Inc.
8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategic Moves And Developments
8.7. Robert Bosch Gmbh
8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategic Moves And Developments
8.8. Johnson Controls International Plc.
8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Business Performance
8.8.4. Key Strategic Moves And Developments
8.9. Sony Corporation
8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategic Moves And Developments
8.10. Honeywell International Inc.
8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Key Strategic Moves And Developments
Distributed temperature sensing systems (DTS) are optoelectronic devices that quantity temperature by means of optical fibers. The growth of the DTS market is driven by the increase in rules & regulations pertaining safety standards globally. In addition, rise in demand from oil & gas applications, and wider applications in oil & gas industry and power cable monitoring are expected to fuel the market growth in future. However, this growth is impeded by the complex fault detection and troubleshooting process of DTS. High investments in smart grid technology and power industry are expected to offer new opportunities to the market players.
The market is classified on the basis of fiber type into single-mode fiber and multimode fiber. Single-mode fiber sensors held the largest market share in 2015, and the are expected grow at the highest growth rate during the forecast period.
OTDR segment held over 65% share of the overall operating principle segment, attributed to its ability to provide robust measurement and less susceptibility to issues such as reflections and bends in the fiber and accessories. Moreover, the market for OTDR is expected to grow at the highest rate during the forecast period.
In 2015, the oil & gas industry held the largest market share. DTS helps in real-time downhole monitoring to optimize the operational performances of the assets. In 2015, power cable monitoring accounted for over 20% share of the overall market.
LAMEA generated he highest revenue in this market, followed by North America and Europe. The growth is due to the largest production of crude oil in LAMEA countries. Furthermore, Asia-Pacific is expected to witness considerable growth rate during the forecast period, owing to increased demand for DTS systems in the oil & gas and power transmission sectors, and the presence of major players.
The DTS industry displays fair degree of consolidation, with top five industry participants occupying a significant market share. Halliburton Co., Sensornet Ltd., and Furukawa Electric Co., Ltd. are few leading companies in this industry. Other key players in the industry include OFS Fitel LLC, LIOS Technology GMBH, Schlumberger N.V., Omnisens SA, Yokogawa Electric Corp., Weatherford, International PLC, and Sumitomo Electric Industries Ltd. These players have adopted product launches, expansions, acquisitions, partnerships, and agreements as their key strategies to strengthen their market position and expand their geographical presence.
Key findings of the Distributed Temperature Sensing (DTS) Market
In 2015, OTDR accounted for maximum revenue, with over 50% share, and is projected to grow at a CAGR of 8.6% during the forecast period
Single-mode fiber is projected to grow at a CAGR of 8.2%, owing to increase in usage in oil & gas industry and power cable monitoring
Asia-Pacific is anticipated to exhibit the highest CAGR of over 10%.
LAMEA is projected to maintain its lead in the DTS market, in terms of revenue, until 2022.
Oil & gas production (upstream & downstream) and power cable monitoring contributed a significant revenue share in the overall market in 2015.
- STMicroelectronics N.V.
- NXP semiconductors N.V.
- Infineon Technologies AG
- Qualcomm Technologies, Inc.
- Atmel Corporation
- Texas instruments Inc.
- Robert Bosch GmbH
- Johnson controls international PLC
- Sony Corporation
- Honeywell International, Inc.