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Offshore Oil and Gas Communications Market to Grow by USD 1.35 bn| Increasing Investments in Enhancing Network Infrastructure to Boost Market Growth | Technavio
[March 08, 2022]

Offshore Oil and Gas Communications Market to Grow by USD 1.35 bn| Increasing Investments in Enhancing Network Infrastructure to Boost Market Growth | Technavio


NEW YORK, March 8, 2022 /PRNewswire/ -- The Offshore Oil And Gas Communications Market by Application (upstream, midstream, and downstream) and Geography (North America, Middle East and Africa, APAC, South America, and Europe) - Forecast and Analysis 2022-2026 will be driven by factors such as increasing investments in enhancing network infrastructure. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the offshore oil and gas communications market between 2021 and 2026 is USD 1.35 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

Factors such as the increasing investments in enhancing network infrastructure are driving the market. The oil and gas industry has relied on its own telecommunications networks for decades. These networks are used for handling day-to-day operations and coordinating emergency assistance. Many mission-critical networks face the need to modernize. The demands related to infrastructures, such as real-time data, sophisticated control and monitoring closer to the network edge, and high-level security, are increasing significantly. The need for good communication is also important. Oil and gas field communications necessitate dependable, durable, and high-capacity wireless networks that can operate across broad areas and in harsh environments.

Factors such as increasing cybersecurity risks will challenge market growth. Cyber attackers have been targeting crude oil and gas businesses. Development drilling and production have the highest cyber risk profiles among upstream operations, while seismic imaging has a lower risk profile. The increased need to digitize, eStore, and integrate seismic data into other disciplines could increase the company's risk profile in the future. Apart from its critical infrastructure classification, the upstream industry's sophisticated computation, networking, and physical operational procedures scattered throughout the world make it highly vulnerable to cyberattacks.

To learn about additional key drivers, trends, and challenges available with TechnavioRead our FREE Sample Report right now!

Market Segmentation

By application, the offshore oil and gas communications market report is segmented into upstream, midstream, and downstream. The upstream segment will have significant market share growth during the forecast period. Improved upstream communication systems have enabled subsea advances and remote unmanned offshore sector tasks to be revolutionized. As more oil and gas projects are being built worldwide, the upstream offshore oil and gas communications market segment is likely to grow.

By geography, the market has been segmented into North America, Middle East and Africa, APAC, South America, and Europe. North America will be the leading region with 42% of the market's growth during the forecast period. The US and Canada are the key countries for the offshore oil and gas communications market in North America.

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned

    • ABB Ltd.
    • AT and T Inc.
    • Baker Hughes Co.
    • Ceragon Networks Ltd.
    • CommScope Holding Co. Inc.
    • Commtel Networks
    • EchoStar Corp.
    • General Electric Co.
    • Hitachi Ltd.
    • Honeywell International Inc.
    • Mostar Communications
    • PTC Inc.
    • Redline Communications Group Inc.
    • Siemens AG
    • Speedcast International Ltd.
    • Tait International Ltd.
    • Viasat Inc.
    • Weatherford International Plc
    • Curtiss Wright Corp.
    • Huawei Investment and Holding Co. Ltd.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Offshore Oil And Gas Communications Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.64%

Market growth 2022-2026

USD 1.35 billion

Market structure

Fragmented

YoY growth (%)

7.58

Regional analysis

North America, Middle East and Africa, APAC, South America, and Europe

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, Kuwait, Saudi Arabia, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., AT and T Inc., Baker Hughes Co., Ceragon Networks Ltd., CommScope Holding Co. Inc., Commtel Networks, EchoStar Corp., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mostar Communications, PTC Inc., Redline Communications Group Inc., Siemens AG, Speedcast International Ltd., Tait International Ltd., Viasat Inc., Weatherford International Plc, Curtiss Wright Corp., and Huawei Investment and Holding Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Upstream - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Upstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Upstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Upstream - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Upstream - Year-over-year growth 2021-2026 (%)
  • 5.4 Midstream - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Midstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Midstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Midstream - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Midstream - Year-over-year growth 2021-2026 (%)
  • 5.5 Downstream - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Downstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Downstream - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Downstream - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Downstream - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Europe - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Kuwait - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Kuwait - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Kuwait - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Kuwait - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Kuwait - Year-over-year growth 2021-2026 (%)
  • 7.10 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Saudi Arabia - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 ABB Ltd.
    • Exhibit 93: ABB Ltd. - Overview
    • Exhibit 94: ABB Ltd. - Business segments
    • Exhibit 95: ABB Ltd. - Key news
    • Exhibit 96: ABB Ltd. - Key offerings
    • Exhibit 97: ABB Ltd. - Segment focus
  • 10.4 AT and T Inc.
    • Exhibit 98: AT and T Inc. - Overview
    • Exhibit 99: AT and T Inc. - Business segments
    • Exhibit 100: AT and T Inc. - Key offerings
    • Exhibit 101: AT and T Inc. - Segment focus
  • 10.5 Baker Hughes Co.
    • Exhibit 102: Baker Hughes Co. - Overview
    • Exhibit 103: Baker Hughes Co. - Business segments
    • Exhibit 104: Baker Hughes Co. - Key news
    • Exhibit 105: Baker Hughes Co. - Key offerings
    • Exhibit 106: Baker Hughes Co. - Segment focus
  • 10.6 CommScope Holding Co. Inc.
    • Exhibit 107: CommScope Holding Co. Inc. - Overview
    • Exhibit 108: CommScope Holding Co. Inc. - Business segments
    • Exhibit 109: CommScope Holding Co. Inc. - Key news
    • Exhibit 110: CommScope Holding Co. Inc. - Key offerings
    • Exhibit 111: CommScope Holding Co. Inc. - Segment focus
  • 10.7 EchoStar Corp.
    • Exhibit 112: EchoStar Corp. - Overview
    • Exhibit 113: EchoStar Corp. - Business segments
    • Exhibit 114: EchoStar Corp. - Key offerings
    • Exhibit 115: EchoStar Corp. - Segment focus
  • 10.8 Hitachi Ltd.
    • Exhibit 116: Hitachi Ltd. - Overview
    • Exhibit 117: Hitachi Ltd. - Business segments
    • Exhibit 118: Hitachi Ltd. - Key offerings
    • Exhibit 119: Hitachi Ltd. - Segment focus
  • 10.9 Huawei Investment and Holding Co. Ltd.
    • Exhibit 120: Huawei Investment and Holding Co. Ltd. - Overview
    • Exhibit 121: Huawei Investment and Holding Co. Ltd. - Business segments
    • Exhibit 122: Huawei Investment and Holding Co. Ltd. - Key offerings
    • Exhibit 123: Huawei Investment and Holding Co. Ltd. - Segment focus
  • 10.10 Redline Communications Group Inc.
    • Exhibit 124: Redline Communications Group Inc. - Overview
    • Exhibit 125: Redline Communications Group Inc. - Key offerings
  • 10.11 Siemens AG
    • Exhibit 126: Siemens AG - Overview
    • Exhibit 127: Siemens AG - Business segments
    • Exhibit 128: Siemens AG - Key news
    • Exhibit 129: Siemens AG - Key offerings
    • Exhibit 130: Siemens AG - Segment focus
  • 10.12 Speedcast International Ltd.
    • Exhibit 131: Speedcast International Ltd. - Overview
    • Exhibit 132: Speedcast International Ltd. - Product / Service
    • Exhibit 133: Speedcast International Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 134: Inclusions checklist
    • Exhibit 135: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 136: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 137: Research methodology
    • Exhibit 138: Validation techniques employed for market sizing
    • Exhibit 139: Information sources
  • 11.5 List of abbreviations
    • Exhibit 140: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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