Global Distributed Acoustic Sensing Market to Surpass US$ 2 Billion in Revenues by 2025 The global distributed acoustic sensing (DAS) market is projected to reach US$ 460.8 Mn in 2017, up from US$ 404.3 Mn in 2016. Persistence Market Research, in its new research, projects the market to grow at 20.2% CAGR and surpass US$ 2 Bn in revenues by 2025. The key factors driving the global acoustic sensing market include, • Increasing global energy demand: According to International Energy Agency, global energy demand will increase by 50% by 2030-end. Distributed acoustic sensing has emerged as a feasible cost-effective method to optimize energy production and transfer. • Distributed acoustic sensors are capable of withstanding harsh environment and temperature conditions, owing to which their adoption is steadily gaining traction, especially in the petroleum sector. • Increasing adoption of distributed acoustic sensing in the railways sector is contributing to the growth of the market. Distributed acoustic sensors are being used to protect track-side assets, including location cabinets and Relocatable Equipment Buildings (REB).
Although PMR maintains a positive outlook on the global distributed acoustic sensing market, few challenges can impede the growth of the market. Depreciating