Global Oilfield Communications Market Growth (Status and Outlook) 2023-2029

Global Oilfield Communications Market Growth (Status and Outlook) 2023-2029

Rising demand for offshore oil field communication solutions, new projects in drilling for oil in extreme conditions and rising implication of cyber security are some of the key factors fuelling the market growth.

LPI (LP Information)' newest research report, the “Oilfield Communications Industry Forecast” looks at past sales and reviews total world Oilfield Communications sales in 2022, providing a comprehensive analysis by region and market sector of projected Oilfield Communications sales for 2023 through 2029. With Oilfield Communications sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oilfield Communications industry.

This Insight Report provides a comprehensive analysis of the global Oilfield Communications landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oilfield Communications portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Oilfield Communications market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oilfield Communications and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oilfield Communications.

The global Oilfield Communications market size is projected to grow from US$ 2712.5 million in 2022 to US$ 4225.1 million in 2029; it is expected to grow at a CAGR of 6.5% from 2023 to 2029.

Oilfield communications require a consistent and competent wireless network that is able to function over long distances and under harsh weather conditions. Oilfield communication networks and technologies supply lightning broadband speeds, thereby sustaining several applications that ultimately develop the operational efficiency and safety of the oilfield operations in a cost effective manner.

This report presents a comprehensive overview, market shares, and growth opportunities of Oilfield Communications market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cellular Communication
VSAT Communication
Fiber Optic Based Communication
Microwave Communication
Tetra Network

Segmentation by application
Onshore Communications
Offshore Communications

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Huawei Technologies
Siemens
Speedcast
ABB
Commscope
Inmarsat
Tait Communications
GE(Baker Hughes)
Alcatel-Lucent Enterprise
Ceragon Networks
RAD Data Communications
Rignet
Hughes Network Systems
Airspan Networks
Commtel Networks

Please note: The report will take approximately 2 business days to prepare and deliver.