Offshore Oil & Gas Communications market Report speaks about the Market analysis. The process is analyzed thoroughly with respect three points, viz. Types, Application and Manufacturers with associated Offshore Oil & Gas Communications Cost Analysis (material cost, labour cost, etc.) and Offshore Oil & Gas Communications market size.
Short Overview Of Offshore Oil & Gas Communications Market Report
The offshore oil & gas communications market is projected to grow at a CAGR of 7.2% over the forecast period (2018 – 2023). The scope of the report includes solutions & communication network technology. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Communications between offshore facilities and onshore locations some time back were limited to a two-way radio and daily reports. Oilfield workers stationed offshore were cut off from the rest of the world virtually. However, with advancements in communication technologies, the way the offshore industry works has been transformed.
Telecom-based Technological Growth to Drive the Market
Offshore communications have come a long way. Now the real-time communication networks not only allow for personal cell phone use and Wi-Fi connectivity, but also provide real-time transfer of offshore data to onshore offices. Allowing for totally subsea developments and remote unmanned, offshore industry works have been transformed by improved communication systems. There are several communication technologies that can now work singly or in a system to solve offshore communications challenges. The most commonly chosen solution for offshore communications are satellite communications, which require a VSAT at the offshore site and are used many times for vessels that may be in extremely remote locations or on the move. With the help of microwave telecommunications technology, data is transported via wavelengths that measure less than one meter in length. These microwave solutions are chosen for locations that are within proximity to each other. Fiber optical telecommunications are chosen for locations that are in high traffic areas, such as the North Sea or US Gulf of Mexico. Even cellular telecommunications services can be accessible at some places offshore. US Gulf of Mexico has cellular towers installed offshore that allow these cellular communications from rigs and platforms near the coast to onshore locations. All these technologies will lead to the growth of the offshore oil & gas communications market.
North America is Expected to Dominate the Offshore Oil & Gas Communications Market
North America is expected to be most attractive region and will hold largest market share in the offshore oil & gas communications market over the forecast period. This region is said to be the pioneer in this market as it is also the largest oil & gas producer, with companies seeking advanced digital solutions for offshore field operations. The US accounts for largest market share in this region. Besides, capital spending on the oil & gas industry will increase in 2018, which will trigger the growth of the offshore oil & gas communications market.
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Top key players:
- ABB Ltd.
- Alcatel Lucent S.A.
- Baker Hughes Incorporated
- CommScope Inc.
- Rignet Inc.
- AT&T Inc.
- ERF Wireless Inc.
- Redline Communications Inc.
- ITC Global Inc.
- Harris CapRock Communications Inc.
- Hughes Network Systems
- Huawei Technologies Co. Ltd
- SpeedCast International Limited
- Tait Communications
- Airspan Networks Inc.
- Commtel Networks
Main points include in This Market Research Report contains additional information of following points are as follows:
- Market growth
- Market Trends
- Market Forecast
- Market Size
- Cost Analysis
Reasons to Purchase the Report
Offshore Oil & Gas Communications market along with Report Research Design:
Offshore Oil & Gas Communications Market Historic Data (2013-2017):
- Industry Trends:Global Revenue, Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Offshore Oil & Gas Communications Market Influencing Factors:
- Market Environment:Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Offshore Oil & Gas Communications Market Forecast (2018-2023):
- Market Size Forecast:Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue):Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
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Trend and forecast analysis: Market trend, forecast and Analysis to 2023 by segments and region.
Segmentation analysis: Global Offshore Oil & Gas Communications market size by various applications such as product, material, shape, and end use in terms of value and volume shipment.
Regional analysis: Global Offshore Oil & Gas Communications market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions in the global Offshore Oil & Gas Communications
Strategic analysis:This includes new product development, and competitive landscape in the global Offshore Oil & Gas Communications
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Offshore Oil & Gas Communications Market report also include data type such as capacity, production, market share, price, growth rate, consumption, import, export etc. Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this report.