Oilfield Communications Market

Oilfield Communications Market by Solution, Communication Network Technology (Cellular Communication, VSAT, Fiber Optic, Microwave, and Tetra Network), Field Site, Service, and Region - Global Forecast to 2022

Report Code: TC 2282 Aug, 2019, by marketsandmarkets.com
Updated date -

[145 Pages Report] MarketsandMarkets forecasts the oilfield communications market to grow from USD 3.1 billion in 2017 to USD 4.5 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.9%. Integration of departments in the oil & gas industry and increasing significance of cyber security are some of the driving factors of the oilfield communications market.

Oilfield Communications Market

Key Market Dynamics in Oilfield Communications Market

Integration of departments in the oil and gas industry

The oil and gas industry consists of segments or phases, such as upstream, midstream, and downstream industries. Upstream operation is the first stage in the extraction of oil and gas. This stage typically involves exploration, production, and recovery of crude oil from oilfields. Midstream operations comprise transportation of oil from extraction sites to refineries. The downstream sector of the oil and gas industry involves both refining of crude oil obtained in the upstream sector and distribution of the products obtained. All these segments have onshore and offshore rigs deployed remotely from the rest of the facilities. Thus, real-time data transfer has become crucial in the oil and gas industry for performance efficiency of personnel and devices deployed at the field sites and other facilities of an oil and gas industry. This industry is experiencing a need for reliable, secure, and efficient network solutions to transfer information between the offshore rigs and from offshore fields to onshore facilities. Moreover, the integration of various departments and organizations can be achieved by deploying personnel and fleet management solutions for improving the communication services and safety of information.

Therefore, to integrate the different departments in the oil and gas industry, there is a need for effective communication solutions for transferring the message, so as to ensure proper production and delivery of oil and gas energy. Integration of departments in the oil and gas industry require communication solutions, which help in driving the overall oilfield communications market.

Perceived risk of inadequate data security, asset security, monitoring, and maintenance

The adoption of innovative and compelling technologies is a very slow process in the oilfield communications market. The prime cause of it can be linked to the uncertainty and perceived risk associated with inadequate data security, asset security, monitoring, and maintenance among the solution vendors. Though such concerns have already been addressed by technological developments, the major barrier for firms across the sector remains as a perceived risk resulting from inadequate data security. The challenge here lies in delivering data security within the framework of an open system sharing model, while still providing sufficient levels of protection for sensitive and commercially confidential information using third-party devised systems in the field of oil and gas communication.

The objectives of the report are to define, describe, and forecast the oilfield communications market size on the basis of solutions, communication network technologies, services, field sites, and regions. Based on the solutions in oilfield communications market, M2M communication is the fastest growing market that helps in driving the oilfield communication market during the forecast period. This is due to the solution that allows quick exchange of information without any data loss. The fleet management communication and pipeline Supervisory Control and Data Acquisition (SCADA) have the largest market share in the oilfield communications solution market during the forecast period. The market share is expected to grow due to the adoption of advanced communication solutions and increasing investment in cost-effective digital oilfield solutions by the oil & gas industry.

In the oilfield communications network technology market, the microwave communication network segment is expected to grow at the highest rate whereas VSAT communication network is the second fastest growing market during the forecast period. The market share is expected to grow due to an increase in the cyber-attacks that could lead to the loss of information due to which there is a need for cyber security in the oil & gas industry.

In the oilfield communications services market, professional services segment is expected to grow at the highest rate as well as holds the largest market share during the forecast period. Based on field site, offshore communication is expected to grow at the highest rate in the oilfield communication market while onshore communication is expected to have the largest market size during the forecast period.

Oilfield Communications Market

North America is expected to hold the largest market share in the oilfield communications market during the forecast period. North America is the pioneer in this market and is expected to show a robust growth almost all the major oil and gas companies and large investments in offshore oilfield communications technologies and solutions.
The increasing innovative developments in technologies are benefiting all the stakeholders present in the oilfield communications market.

However, stringent regulatory norms and perceived risk for inadequate data security, asset security, monitoring, and maintenance are some of the restraining factors that may hamper business critical functions in the oilfield communications market.

Key Market Players

Major vendors in the oilfield communications market are Huawei Technologies Co. Ltd (China), Siemens AG (Germany), SpeedCast International Limited (China), ABB Ltd. (Switzerland), CommScope (US), Inmarsat Plc (UK), Tait Communications (New Zealand), Baker Hughes Incorporated (US), Alcatel-Lucent S.A. (France), Ceragon Networks Ltd. (US), RAD Data Communications, Inc. (Israel), RigNet Incorporated (US), Hughes Network Systems (US), Airspan Networks (US), and Commtel Networks, Inc, (India). The oilfield communications market would remain lucrative in the long-term, as the global demand for bandwidth requirement continues to increase. The study shows that the spending on oilfield communications platforms and solutions is increasing globally, due to of the recovery of the global economy, among which, North America is the top-notch market shareholder, followed by MEA. North America extensively uses and implements oilfield communications tools to propel their businesses across diverse organizations. The demand for oilfield communications technology and solutions also includes the rising requirements from the emerging energy segments of MEA and APAC. The traditional oil and gas industries of the North Sea and Gulf of Mexico are now increasingly being complemented by the growing communication solutions’ demand in Asia, Latin America, and the Indian and Pacific oceans. By 2022, it is estimated that the increase in investment throughout MEA, APAC, and Latin America would drive these regions to generate more revenue in the oilfield communications market than that of North America. Terrestrial penetration in both offshore and onshore continues in North America and Europe. The MEA, APAC, and Latin American regions provide the upcoming growth opportunities for satellite and cellular communication solutions.

Scope of the Report

Report Metrics

Details

Market size available for years

2016–2022

Base year considered

2016

Forecast period

2017–2022

Forecast units

Million (USD)

Segments covered

Solution, communication network technology (cellular communication, vsat, fiber optic, microwave, and tetra network), field site, service, and region

Geographies covered

North America, Europe, Asia Pacific, Latin America and Middle East and Africa

Companies covered

Huawei Technologies Co. Ltd (China), Siemens AG (Germany), SpeedCast International Limited (China), ABB Ltd. (Switzerland), CommScope (US), Inmarsat Plc (UK), Tait Communications (New Zealand), Baker Hughes Incorporated (US), Alcatel-Lucent S.A. (France), Ceragon Networks Ltd. (US), RAD Data Communications, Inc. (Israel), RigNet Incorporated (US), Hughes Network Systems (US), Airspan Networks (US), and Commtel Networks, Inc, (India)

The oilfield communications market report is broadly segmented into the following solutions, communication network technologies, field sites, services, and regions.

By Solution

  • M2M Communication
  • Asset Performance Communications
  • Unified Communications
  • VoIP Solutions
  • Video Conferencing
  • Pipeline Supervisory Control and Data Acquisition (SCADA)
  • Fleet Management Communication
  • Oilfield to Control Center Data Communication
  • Wi-Fi Hotspot

By Communication Network Technology

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

By Field Site

  • Onshore Communications
  • Offshore Communications

By Service

  • Professional Services
  • Managed Services

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Recent Developments

  • In November 2015, Siemens partnered with Atos. The agreement between these two companies has been strengthened to develop joint research and development program and commercial initiatives.
  • In January 2017, SpeedCast International acquired Harris CapRock. Harris Caprock is a leading communications provider specializing in services to remote and harsh environments catering to maritime and energy sectors. With this acquisition SpeedCast International becomes the market leader in remote communications for the energy sector. SpeedCast expands its global presence in the key markets such as the US, Mexico, Brazil, Norway, and Indonesia.
  • In August 2016, SpeedCast International partnered with DH-INTERCOM. The partnership is likely to leverage the SpeedCast’s communication infrastructure to provide high-speed internet connectivity to its customer.
  • In October 2015, CommScope acquired Airvana. The combination of Airvana’s innovative small cell offerings and CommScope’s industry-leading Distributed Antenna Systems (DAS) portfolio will enable CommScope to provide a broader range of solutions, addressing single operator, single-band, low capacity environments through multi-carrier, multi-technology, multi-band, and high capacity environments.
  • In February 2016, Inmarsat partnered with Actility. The partnership would enhance end-to-end IoT solutions that help in connecting different devices over network.

Critical Questions the Report Answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the oilfield communications market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Micro-Quadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Market
    4.2 Market By Communication Network Technology
    4.3 Oilfield Communications Market
    4.4 Market Potential
    4.5 Oilfield Communications: Regional Market
    4.6 Lifecycle Analysis, By Region, 2017

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Integration of Departments in the Oil and Gas Industry
                    5.2.1.2 Rising Vulnerabilities to Cybersecurity Threats for Oil and Gas Industry
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulatory Norms
                    5.2.2.2 Perceived Risk of Inadequate Data Security, Asset Security, Monitoring, and Maintenance
           5.2.3 Opportunities
                    5.2.3.1 Development and Discovery of New Subsea Oilfields
                    5.2.3.2 Rising Demand for Cost-Effective Solutions in the Oil and Gas Industry
           5.2.4 Challenges
                    5.2.4.1 Security of Information
                    5.2.4.2 Downturn of the Oil and Gas Industry
    5.3 Regulations
           5.3.1 The Petroleum and Natural Gas Regulatory Board (PNGRB) Act (India)
           5.3.2 Safety of Offshore and Oil and Gas Operations Directive (Europe)
           5.3.3 National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), Australia
           5.3.4 Health and Safety Executive (HSE), United Kingdom

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Evolution

7 Oilfield Communications Market Analysis, By Solution (Page No. - 40)
    7.1 Introduction
    7.2 M2M Communication
    7.3 Asset Performance Communication
    7.4 Unified Communication
    7.5 VoIP
    7.6 Video Conferencing
    7.7 Pipeline Scada
    7.8 Fleet Management Communication
    7.9 Oilfield to Control Center Data Communication
    7.10 Wi-Fi Hotspot
    7.11 Others

8 Oilfield Communications Market Analysis, By Communication Network Technology (Page No. - 49)
    8.1 Introduction
    8.2 Cellular Communication Network
    8.3 Vsat Communication Network
           8.3.1 Vsat Communication By Network Type
                    8.3.1.1 Managed Vsat Network
                    8.3.1.2 Fixed Vsat Network
                    8.3.1.3 Mobile Vsat Network
           8.3.2 Vsat Communication By Band Type
                    8.3.2.1 L-Band
                    8.3.2.2 High Throughput Satellite (HTS)
                    8.3.2.3 Ku-Band
                    8.3.2.4 C-Band
    8.4 Fiber Optic-Based Communication Network
    8.5 Microwave Communication Network
    8.6 Tetra Network

9 Oilfield Communications Market Analysis, By Field Site (Page No. - 62)
    9.1 Introduction
    9.2 Onshore Communications
    9.3 Offshore Communications

10 Oilfield Communications Market Analysis, By Service (Page No. - 66)
     10.1 Introduction
     10.2 Professional Services
     10.3 Managed Services

11 Geographic Analysis (Page No. - 70)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 89)
     12.1 Overview
     12.2 Market Share Analysis, Oilfield Communications Market
     12.3 Strategic Benchmarking
             12.3.1 Technology Integration and Product Enhancement
     12.4 Vendor Dive Overview
             12.4.1 Vanguards
             12.4.2 Innovators
             12.4.3 Dynamic
             12.4.4 Emerging
     12.5 Competitive Benchmarking
             12.5.1 Product Offerings (For All 25 Players)
             12.5.2 Business Strategies (For All 25 Players)

13 Company Profiles (Page No. - 94)
(Overview, Financials, Products & Services, Strategy, and Developments)*
     13.1 Huawei Technologies Co. Ltd.
     13.2 Siemens AG
     13.3 Speedcast International Limited
     13.4 ABB Ltd
     13.5 Commscope, Inc.
     13.6 Inmarsat PLC
     13.7 Tait Communications
     13.8 Baker Hughes Incorporated
     13.9 Alcatel-Lucent S.A.
     13.10 Ceragon Networks Ltd.
     13.11 Rad Data Communications, Inc.
     13.12 Rignet, Inc.
     13.13 Hughes Network Systems LLC
     13.14 Airspan Networks, Inc.
     13.15 Commtel Networks Pvt. Ltd.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 136)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (66 Tables)

Table 1 Evaluation Criteria
Table 2 Global Oilfield Communications Market Size and Growth Rate, 2015-2022 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2015–2022 (USD Million)
Table 4 Market Size By Solution, 2015–2022 (USD Million)
Table 5 M2M Communication Solution: Market Size By Region, 2015–2022 (USD Million)
Table 6 Asset Performance Communication Solution: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Unified Communication Solution: Market Size, By Region, 2015–2022 (USD Million)
Table 8 VoIP Solution: Market Size By Region, 2015–2022 (USD Million)
Table 9 Video Conferencing Solution: Market Size By Region, 2015–2022 (USD Million)
Table 10 Pipeline Scada Solution: Market Size By Region, 2015–2022 (USD Million)
Table 11 Fleet Management Communication Solution: Market Size By Region, 2015–2022 (USD Million)
Table 12 Oilfield to Control Center Data Communication Solution: Market Size By Region, 2015–2022 (USD Million)
Table 13 Wi-Fi Hotspot Solution: Market Size By Region, 2015–2022 (USD Million)
Table 14 Others Solution: Market Size By Region, 2015–2022 (USD Million)
Table 15 Oilfield Communications Market Size, By Communication Network Technology, 2015–2022 (USD Million)
Table 16 Cellular Communication Network: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Vsat Communication Network: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Vsat Communication Network Market Size, By Network Type, 2015–2022 (USD Million)
Table 19 Managed Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 20 Fixed Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 21 Mobile Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 22 Vsat Network Market Size, By Band Type, 2015–2022 (USD Million)
Table 23 L-Band Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 24 HTS Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 25 Ku-Band Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 26 C-Band Vsat Network Market Size, By Region, 2015–2022 (USD Million)
Table 27 Fiber Optic-Based Communication Network: Market Size By Region, 2015–2022 (USD Million)
Table 28 Microwave Communication Network: Market Size By Region, 2015–2022 (USD Million)
Table 29 Tetra Network: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Oilfield Communications Market Size, By Field Site, 2015–2022 (USD Million)
Table 31 Onshore Communications: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Offshore Communications: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Oilfield Communications Market Size, By Service, 2015–2022 (USD Million)
Table 34 Professional Services: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Managed Services: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Oilfield Communications Market Size, By Region, 2015–2022 (USD Million)
Table 37 North America: Market Size By Component, 2015–2022 (USD Million)
Table 38 North America: Market Size By Solution, 2015–2022 (USD Million)
Table 39 North America: Market Size By Communication Network Technology, 2015–2022 (USD Million)
Table 40 North America: Market Size By Field Site, 2015–2022 (USD Million)
Table 41 North America: Market Size By Service, 2015–2022 (USD Million)
Table 42 North America: Market Size By Country, 2015–2022 (USD Million)
Table 43 Europe: Oilfield Communications Market Size, By Component, 2015–2022 (USD Million)
Table 44 Europe: Market Size By Solution, 2015–2022 (USD Million)
Table 45 Europe: Market Size By Communication Network Technology, 2015–2022 (USD Million)
Table 46 Europe: Market Size By Field Site, 2015–2022 (USD Million)
Table 47 Europe: Market Size By Service, 2015–2022 (USD Million)
Table 48 Europe: Market Size By Country, 2015–2022 (USD Million)
Table 49 Asia Pacific: Oilfield Communications Market Size, By Component, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size By Solution, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size By Communication Network Technology, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size By Field Site, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size By Service, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size By Country, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Oilfield Communications Market Size, By Component, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size By Solution, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size By Communication Network Technology, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Field Site, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size By Country, 2015–2022 (USD Million)
Table 61 Latin America: Oilfield Communications Market Size, By Component, 2015–2022 (USD Million)
Table 62 Latin America: Market Size By Solution, 2015–2022 (USD Million)
Table 63 Latin America: Market Size By Communication Network Technology, 2015–2022 (USD Million)
Table 64 Latin America: Market Size By Field Site, 2015–2022 (USD Million)
Table 65 Latin America: Market Size By Service, 2015–2022 (USD Million)
Table 66 Latin America: Market Size By Country, 2015–2022 (USD Million)


List of Figures (68 Figures)

Figure 1 Oilfield Communications Market Segmentation
Figure 2 Regional Scope
Figure 3 Oilfield Communications Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Oilfield Communications Market: Assumptions
Figure 9 Market By Solution Snapshot (2017 and 2022): M2M Communication Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Global Market Snapshot: North America is Expected to Hold the Largest Market Share in 2017
Figure 11 Increasing Demand for Cost-Effective Oilfield Communications Solutions is Pushing the Market
Figure 12 Oilfield Communications Market, By Communication Network Technology, 2015–2022 (USD Million): Microwave Communication Network is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 North America is Estimated to Hold the Largest Share in the Market 2017
Figure 14 Middle East and Africa is Expected to Have the Highest Growth Potential During the Forecast Period
Figure 15 Middle East and Africa is Expected to Grow Faster Than the Other Regions
Figure 16 North America and Middle East and Africa are the Mature Regions Due to the Presence of Major Oil and Gas Producers
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Value Chain Analysis: Oilfield Communications Market
Figure 19 Evolution of Market
Figure 20 M2M Communication is Expected to Exhibit the Highest Growth Rate in the Market
Figure 21 Oilfield Communications Market, By Communication Network Technology
Figure 22 Microwave Communication Network is the Prime Communications Network Technology in the Market
Figure 23 Offshore Communications Segment is Expected to Grow at A Rapid Pace in the Global Market
Figure 24 Professional Services is Expected to Grow at the Highest CAGR
Figure 25 Regional Snapshot (2017): North America, the Largest Oil and Gas Manufacturers is Expected to Exhibit the Highest Growth Rate
Figure 26 North America Market Snapshot
Figure 27 Middle East and Africa Market Snapshot
Figure 28 Dive Chart
Figure 29 Huawei Technologies Co. Ltd.: Company Snapshot
Figure 30 Huawei Technologies Co. Ltd.: Product Offering Scorecard
Figure 31 Huawei Technologies Co. Ltd.: Business Strategy Scorecard
Figure 32 Siemens AG: Company Snapshot
Figure 33 Siemens AG: Product Offering Scorecard
Figure 34 Siemens AG: Business Strategy Scorecard
Figure 35 Speedcast International Limited: Company Snapshot
Figure 36 Speedcast International Limited: Product Offering Scorecard
Figure 37 Speedcast International Limited: Business Strategy Scorecard
Figure 38 ABB Ltd: Company Snapshot
Figure 39 ABB Ltd: Product Offering Scorecard
Figure 40 ABB Ltd: Business Strategy Scorecard
Figure 41 Commscope, Inc.: Company Snapshot (2016)
Figure 42 Commscope, Inc.: Product Offering Scorecard
Figure 43 Commscope, Inc.: Business Strategy Scorecard
Figure 44 Inmarsat PLC.: Company Snapshot
Figure 45 Inmarsat PLC.: Product Offering Scorecard
Figure 46 Inmarsat PLC.: Business Strategy Scorecard
Figure 47 Tait Communications: Product Offering Scorecard
Figure 48 Tait Communications: Business Strategy Scorecard
Figure 49 Baker Hughes Incorporated: Company Snapshot
Figure 50 Baker Hughes Incorporated: Product Offering Scorecard
Figure 51 Baker Hughes Incorporated: Business Strategy Scorecard
Figure 52 Alcatel-Lucent S.A.: Company Snapshot
Figure 53 Alcatel-Lucent S.A.: Product Offering Scorecard
Figure 54 Alcatel-Lucent S.A.: Business Strategy Scorecard
Figure 55 Ceragon Networks Ltd: Company Snapshot
Figure 56 Ceragon Networks Ltd: Product Offering Scorecard
Figure 57 Ceragon Networks Ltd: Business Strategy Scorecard
Figure 58 Rad Data Communications, Inc.: Product Offering Scorecard
Figure 59 Rad Data Communications, Inc.: Business Strategy Scorecard
Figure 60 Rignet, Inc.: Company Snapshot (2016)
Figure 61 Rignet, Inc.: Product Offering Scorecard
Figure 62 Rignet, Inc.: Business Strategy Scorecard
Figure 63 Hughes Network Systems LLC: Product Offering Scorecard
Figure 64 Hughes Network Systems LLC: Business Strategy Scorecard
Figure 65 Airspan Networks, Inc.: Product Offering Scorecard
Figure 66 Airspan Networks, Inc.: Business Strategy Scorecard
Figure 67 Commtel Networks Pvt. Ltd.: Product Offering Scorecard
Figure 68 Commtel Networks Pvt. Ltd.: Business Strategy Scorecard

The study involved 4 major activities to estimate the current size of the oilfield communications market. An extensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of segments and sub segments of the oilfield communications market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred, to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; crypto asset management technology, Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary Research

Various primary sources from both the supply and demand sides of the oilfield communications market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide oilfield communications in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakup of the primary respondents’ profiles:

Oilfield Communications Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In order to make market estimations and forecast the oilfield communications market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall size of the global oilfield communications market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the oilfield communications market based on solution, communication network technology (cellular communication, vsat, fiber optic, microwave, and tetra network), field site, service, and region.
  • To provide detailed information related to the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the market subsegments with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenue of the market segments with respect to 5 major regions, namely North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa (MEA).
  • To profile the key players and comprehensively analyze their recent developments and positioning in the market
  • To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the APAC market into countries contributing 75% to the regional market size
  • Further breakdown of the North American market into countries contributing 75% to the regional market size
  • Further breakdown of the Latin American market into countries contributing 75% to the regional market size
  • Further breakdown of the MEA market into countries contributing 75% to the regional market size
  • Further breakdown of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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Report Code
TC 2282
Published ON
Aug, 2019
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