Oilfield Communications Market
Oilfield Communications Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0455
Segments Covered
By
Component Solutions, Services
-
By
Communication Network VSAT Communication Network, TETRA Communication Network, Cellular Communication Network, Fiber Optic-based, Communication Network, Microwave Communication Network
-
By
Application: Upstream, Midstream, Downstream
-
By
Onshore, Offshore
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
3.4 Billion |
 Revenue 2028:
|
5.22 Billion |
 Revenue CAGR
(2021 - 2028): |
5.5 |
Fastest Growing Region (2022 -
2028)
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Component Analysis: Preview On the basis of Component,
the market is segmented into Solutions, Services. Services held the highest
share in the global Oilfield Communications market and
is projected to witness the same trend during the forecast period. Communication Network Analysis:
Preview Based on Communication Network,
the market is segmented into VSAT Communication Network, TETRA Communication Network, Cellular Communication Network, Fiber Optic-based, Communication Network, Microwave Communication Network. Microwave Communication Network accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Application: Analysis:
Preview
Based
on Application:, the market is segmented into Upstream, Midstream, Downstream. Midstream
dominates the global Oilfield Communications
market and is expected to continue the same trend from 2021 to 2028.
Global Oilfield Communications Market: Component Segment Analysis
-
- Solutions
- Services
Global Oilfield Communications Market: Communication Network Segment Analysis
-
- VSAT Communication Network
- TETRA Communication Network
- Cellular Communication Network
- Fiber Optic-based
- Communication Network
- Microwave Communication Network
Global Oilfield Communications Market: Application: Segment Analysis
-
- Upstream
- Midstream
- Downstream
Global Oilfield Communications Market: Segment Analysis
-
- Onshore
- Offshore
FAQ
Frequently Asked Question
What is the global demand for Oilfield Communications in terms of revenue?
-
The global Oilfield Communications valued at 3.4 Billion in 2020 and is expected to reach 5.22 Billion in 2028 growing at a CAGR of 5.5%.
Which are the prominent players in the market?
-
The prominent players in the market are Inmarsat, Speedcast, Tait Communications, Baker Hughes, Huawei Technologies, Siemens, Ceragon Networks, ABB, RAD Data Communications, Alcatel-Lucent Enterprise, Commscope, Rignet, Microwave Communication Network, Tetra Network..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.5% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Oilfield Communications include
- The increasing government initiatives is expected to augment the growth of the market during the forecast period.
- The increasing technologies for improving productivity is expected to support the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Oilfield Communications in 2020.
