Oilfield Communications Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The oilfield communication market was valued at USD 3.35 billion in 2020 and is expected to reach USD 5.31 billion by 2028 and work at a CAGR of 8% over the forecast period (2022-2028).

Oilfield communication includes all communication technologies used in oilfields. These communication systems support oil and gas businesses that require sophisticated technology for automation, tracking and reporting. Communication from oil fields requires a reliable and effective wireless network that can operate over long distances and in harsh weather. Oilfield communication systems and technologies provide ultra-fast broadband speeds to support a variety of apps that ultimately improve the cost-effective operational efficiency and security of oilfield activities.

 

Company Profile

Few of the major competitors currently working in the global oilfield communications market are Huawei Technologies Co., Ltd., Siemens, Inmarsat plc., Tait Communications, Baker Hughes, a GE company LLC, ALE International, ALE USA Inc., Ceragon, RAD, RigNet, Hughes Network Systems LLC., Airspan, Commtel Networks, ITC Global, Halliburton, Harris Corporation, ERF Wireless, Inc., Redline Communications among others.

Market Segmentation

By component:

• Solutions
• Services
  • Professional Services
  • Managed 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

Scope of the Report

The research study analyzes the global Oilfield Communications industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Oilfield Communications Market Report

1. What was the Oilfield Communications Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Oilfield Communications Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Oilfield Communications Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.