Oilfield Communications Market Size, Growth, Demand, Evolving Technology, Top Companies, Outlook 2019-2026
The oilfield communications market globally is segmented by services into managed services and professional services; by communication network technology into tetra network, fiber-optic based communication network, microwave communication network, cellular communication network, and VSAT communication network; by field site into onshore communications and offshore communications; and by solution into midstream communication solutions, downstream communication solutions, and upstream communication solutions. Geographically, the oilfield communications market is divided into five regions including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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The global oilfield communications market was valued at US$ 3.50 Bn in 2018 and is expected to reach US$ 6.81 Bn by 2026 with a CAGR growth rate of 8.74% in the forecast period from 2019 to 2026.
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. 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.
Oilfield communications require a consistent and competent wireless network that can function over long distances and under harsh weather conditions, and this is driving the growth for Oilfield communications. Oilfield communication networks and technologies supply lightning broadband speeds, thereby sustaining several applications that ultimately develop the operational efficiency and safety of the oilfield operations.
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 oilfield communications market growth. However, factors such as strict government regulatory norms and probable risk in data and asset security are hindering the growth of oilfield communications market. Growing demand for cost-effective solutions in the oil and gas industry provides ample of opportunities for oilfield communications market growth. In addition to this, increasing the need for cybersecurity in the oil & gas industry is influencing the market growth. In the global oilfield communications market, Asia Pacific is anticipated to grow with the highest CAGR during the forecast period majorly due to the rising investments in R&D activities and rapidly increasing oilfield excavation activities in this region.
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The overall oilfield communications market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the oilfield communications market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the oilfield communications technologies.
Table of content:
1.1 GLOBAL OILFIELD COMMUNICATIONS MARKET FORECAST AND ANALYSIS
1.2 MARKET SEGMENTATION
1.2.1 Services Covered
1.2.2 Communication Network Technologies Covered
1.2.3 Field Site Covered
1.2.4 Solution Covered
1.2.5 Regions Covered
2.3 RESEARCH SCOPE
2.4 RESEARCH METHODOLOGY
2.5 DATA MINING
2.6 DATA ANALYSIS
2.7 DATA VALIDATION
2.8 RESEARCH APPROCH
2.9 SECONDARY RESEARCH
2.10 PRIMARY RESEARCH
OILFIELD COMMUNICATIONS MARKET - MARKET TREND ANALYSIS
3.1.1 Increasing demand for reliable technologies
3.1.2 Proliferation of digital infrastructure
3.2.1 Instability in the oil & gas industry leading to lesser investments in the communication technologies
3.3.1 Large number of ongoing projects
3.4.1 Increasing concerns related to cyber security
3.5 EMERGING MARKETS
3.6 FUTURISTIC MARKET SCENARIO
3.6.1 Technological advancements
PORTERS FIVE FORCE ANALYSIS
4.1 PORTERS FIVE FORCE OVERVIEW
4.2 BARGAINING POWER OF BUYERS
4.3 BARGAINING POWER OF SUPPLIERS
4.4 THREATS TO SUBSTITUTES
4.5 THREATS TO NEW ENTRANTS
4.6 COMPETITIVE RIVALRY
OILFIELD COMMUNICATIONS MARKET REVENUE AND FORECASTS TO 2026 -
5.2 OILFIELD COMMUNICATIONS MARKET BREAKDOWN, BY SERVICE, 2018 & 2026
5.3 MANAGED SERVICES MARKET
5.3.2 Managed Services Market Revenue and Forecasts to 2026 (US$ Mn)
5.4 PROFESSIONAL SERVICES MARKET
5.4.2 Professional Services Market Revenue and Forecasts to 2026 (US$ Mn)
OILFIELD COMMUNICATIONS MARKET- BY FIELD SITE
6.2 OILFIELD COMMUNICATIONS MARKET BREAKDOWN, BY FIELD SITE,
2018 & 2026
6.3 ONSHORE COMMUNICATIONS MARKET
6.3.2 Onshore Communications Market Revenue and Forecasts to 2026 (US$ Mn)
6.4 OFFSHORE COMMUNICATIONS MARKET
6.4.2 Offshore Communications Market Revenue and Forecasts to 2026 (US$ Mn)
OILFIELD COMMUNICATIONS MARKET - BY COMMUNICATION NETWORK TECHNOLOGY
7.2 OILFIELD COMMUNICATIONS MARKET BREAKDOWN, BY COMMUNICATION NETWORK TECHNOLOGY, 2018 & 2026
7.3 TETRA NETWORK MARKET
7.3.2 Tetra Network Market Revenue and Forecasts to 2026 (US$ Mn)
7.4 FIBER OPTIC-BASED COMMUNICATION NETWORK MARKET
7.4.2 Fiber Optic-Based Communication Network Market Revenue and Forecasts to 2026 (US$ Mn)
7.5 MICROWAVE COMMUNICATION NETWORK MARKET
7.5.2 Microwave Communication Network Market Revenue and Forecasts to 2026 (US$ Mn)
7.6 CELLULAR COMMUNICATION NETWORK MARKET
Global Oilfield Communications Market Size, Status and Forecast 2019-2025
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.
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