Oilfield Communications Market

Oilfield Communications Market is valued at USD 3.36 Billion in 2020 and expected to reach USD 4.91 Billion by 2027 with the CAGR of 5.6% over the forecast period.

Global Oilfield Communications Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing vulnerabilities to cyber security threats for oil and gas industry and integration of departments in the oil and gas industry are some of the major factor driving the growth of the Global Oilfield Communications Market.

Scope of Global Oilfield Communications Market Report:

Oilfield Communications is a technology used by oil and gas industry for data collection transmission through communication networks which further helps in the automation tracking and reporting. The field operation at various onshore & offshore sites relies on healthy communication for collaborative work & complex data requirements. The oil exploration companies are searching for oilfields in harsh environments for increased oil production, but it presents various operational challenges.

The increased challenges from these oilfields led to the increased demand for high bandwidth communication solutions. These solutions are mainly used by offshore oilfields for smooth and high-speed communication for efficient operations. The objective of oilfield communications is to eradicate non-productive time, maximize recovery, and raise profitability through the plan and deployment of combined workflows.

The COVID-19 pandemic has severely affected the industries on global level. To prevent the spread of infection government has imposed lockdown which has created demand & supply gap. On the other hand, shortage of skilled workforce along with fluctuating crude oil prices has also shown a negative impact on the global oilfield communication market.

Oilfield Communications Companies:

Global Oilfield Communication Market report cover prominent players like Huawei Technologies Co., Ltd., Halliburton, Siemens, Tait Communications, Inmarsat plc., ALE International, Ceragon, RAD, RigNet, Airspan, Harris Corporation, Hughes Network Systems LLC., ITC Global, Commtel Networks, ERF Wireless, Inc., Redline Communications and others.

Global Oilfield Communications Market Segmentation:

Global oilfield communication market is segmented on the basis of solution, communication network technology, services, field site and region & country level. Based on solution, oil field communications market is segmented into M2M communication, unified communications, VoIP solutions, video conferencing, wired/wireless communication and others. By communication network technology it is segmented into cellular communication network, VSAT communication network, fiber optic-based communication network, microwave communication network and tetra network. By field site, the global market is fragmented into onshore communications and offshore communications. By service, the global market is divided into professional services and managed services.

By Solution Type:

• M2M Communication
• Unified Communications
• VoIP Solutions
• Video Conferencing
• Wired/wireless Communication
• Others

By Communications Network Technology:

• Cellular Communication Network
• VSAT Communication Network
• Fiber Optic-Based Communication Network
• Microwave Communication Network
• TETRA Network

By Field Site:

• Onshore Communication
• Offshore Communication

By Service:

• Professional Services
• Managed Services

The regions covered in global Oilfield Communications Industry report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global Oilfield Communication Market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.

News: Siemens AG Declared its Intent to Deploy its Latest Innovation

On September 5^th, 2017; Siemens developed Topsides 4.0, a solution aimed to facilitate offshore production transition to a fully digital operation. According to the company; the Topsides 4.0 offers a holistic digital roadmap to transform offshore oil and gas production. The solution begins during the conceptual and design phase of an offshore project and enables digital project management and manufacturing, virtual testing and commissioning, and finally, delivers an intelligent digital twin of the topsides facility.

Global Oilfield Communications Market Dynamics:

There are various factors contributing to the market growth such as increased drilling activities along with the deployment of advanced communication solutions by various oil companies. Additionally, rising demand for reliable and high-speed communication technology in both onshore as well as offshore locations followed by the persistent communication to carryout critical operations in the oilfields. Furthermore, there has been a constant increase in the investments for the development of network infrastructure as oil and gas industry requires high speed wireless connection to operate under harsh environments. On the other hand, rising security issues also demand the high-level security to ensure the data safety followed by technological advancement. Thus, all the above-mentioned factors are expected to fuel the growth of global oilfield communication market.

However, perceived risk of inadequate data security, asset security, monitoring, and maintenance, along with stringent regulatory norms are expected to hamper the market growth. In spite of that, rapid adoption of 4G wireless communication and the evolution of 5G services are likely to create ample opportunities for the further growth of the global oilfield communication market.

Global Oilfield Communications Industry Regional Analysis:

North America is expected to dominate the global oilfield communications market as it is the largest oil and gas producer, with companies seeking advanced digital communication solutions for their onshore and offshore field operations. Moreover, with brand new shale resource and rapidly increasing exploration and production activities, due to Outer Continental Shelf Leasing Program approved by OCS, the region is expected to be one of the rapidly developing markets for oilfield communications.

According to the US Energy Information Administration Statistics released in June 2019, annual U.S. crude oil production reached a record 11.0 million barrels per day in 2018 and is projected to increase by 1.4 million barrels per day in 2019 and by 0.9 million barrels per day in 2020, with 2020 production averaging at 13.3 million barrels per day.

Middle East & Africa is anticipated to develop at a significant rate owing to the exploration of various sites & refineries in the region. In addition, along with the presence of gulf countries such as Saudi Arabia, and others are also expected to contribute the overall market growth in this region.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 3.36 Billion
Base year considered	2020
Forecast Period CAGR %:	5.6%
Market Size Expected in 2027:	USD 4.91 Billion
Tables, Charts & Figures:	175
Pages	200
Oilfield Communications Companies	Huawei Technologies Co., Ltd., Halliburton, Siemens, Tait Communications, Inmarsat plc., ALE International, Ceragon, RAD, RigNet, Airspan, Harris Corporation, Hughes Network Systems LLC., ITC Global, Commtel Networks, ERF Wireless, Inc., Redline Communications and others.
Segments Covered	By Solution Type, By Communication Network Technology, By Field Site, By Service
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Oilfield Communications Industry Report:

• Global Oilfield Communications Industry report covers in depth historical and forecast analysis.
• Global Oilfield Communications Industry research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Oilfield Communications Companies, Competitive Analysis, Regional and Country Level.
• Global Oilfield Communications report helps to identify opportunities in marketplace.
• Global Oilfield Communications report covers extensive analysis of emerging trends and competitive landscape.

Oilfield Communications Statistics

• valued at USD 3.36 Billion in 2020 
• expected to reach USD 4.91 Billion by 2027 
• Growing CAGR of 5.6%