The oilfield communications market was valued at US$ 4111.4 million in 2019 and is projected to reach US$ 6812.8 million by 2026. The Oilfield communications market is expected to grow at a CAGR of 8.74% during the forecast period of 2020 to 2025.

The oil and gas industry is accelerating rapidly in terms of technology adoption as well as better user expectations for reliable, high-performance connectivity. The network users working at offshore/onshore expect fast and uninterrupted internet connectivity across the area. Although IoT is not new to the oil & gas industry, the firms associated with the energy sector are always looking for new techniques to increase efficiency and create competitive advantages through automation and real-time data analysis. 

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Optical fiber communication is witnessing increasing demands in the market. One of the prime factors that are driving the demands for optical fiber cables is the growing needs for fast and improved networking and network services and growing penetration of broadband connections among developed and developing countries. A fiber optic cable ensures maximum reach out of services with very less attenuations, higher bandwidths and greater reliability over longer distances as a result of which there has been a meteoric rise in its implementations in various verticals. The growth of upcoming technologies, more popularly referred to as SMAC (Social, Mobility, Analytics, and Cloud) demands for higher bandwidth. Upgrade from legacy network infrastructure to advanced network infrastructure for smoothly accessing such high-bandwidth content is thus boosting the demands across the globe. Thus, the market is anticipated to be driven at a healthy rate during the forecast period.

The most prominent market players in oilfield communications market are Baker Hughes Incorporated, Ceragon Networks Ltd., Tait Communications, and Commscope, Inc. among others for a considerable share of the market owing to their product offerings to the market. Companies have taken several market initiatives in order to expand their footprint across the world and to fulfill the growing demand of the market. In 2019, Airspan Networks Inc. and CTIconnect collaborated to Help Wisp’s and Rural Carriers. This partnership is expected to give their clienteles access to the leading edge and entire range of the Airspan portfolio of products and services, while leveraging the strong market position of CTIconnect.

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The players present in oilfield communications market mainly concentrate towards the partnership, collaborations, agreements and other activities for the deployment of new technological solutions across the world permit the company maintain its brand name globally.

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