Oil and Gas Satcom Market Remains Lucrative
Updated and Expanded NSR Report Projects Market Potential of over $1.1 Billion in Revenue through 2021
Cambridge, MA – March 29, 2012 –NSR’s Oil and Gas via Satellite, 2nd Edition report, released today, finds the Oil & Gas satcom market to remain lucrative over the long-term as bandwidth needs rise worldwide and emerging Oil & Gas markets increase their requirements. Traditional Oil & Gas markets such as the North Sea and Gulf of Mexico are now increasingly complemented by growing satcom demand in Asia, Latin America and the Indian & Pacific Oceans.
“Terrestrial penetration continues in North America, and Europe, both offshore and onshore,” notes report author Bradford Grady. “Unconventional resources, deep water, and the North Sea Route will be the next hot beds of activity within the Oil & Gas market as larger vessels and remote fields come online. These remote environments, both onshore and offshore, will be where satellite services are needed most – and help to generate over $1.1 Billion in total retail revenues by 2021.”
Bandwidth demands are also expected to increase, requiring over 97 TPEs of C/Ku-band and 9.5 Gbps of HTS capacity in 2021. By 2021, increased investment throughout Asia and Latin America will drive these regions to generate more revenue than North America. Overall, Asian and Latin American Oil & Gas Markets will provide the upcoming growth opportunities for satellite players.
Bottom Line, more bandwidth demand, the push into remote environments, and a steady increase in activity all provide a compelling value-proposition to satellite service providers across the MSS and VSAT value-chain. With total retail revenues expected to grow from $660 million in 2011 to over $1.1 Billion USD by 2021, the Oil and Gas market will remain a lucrative market for satellite services.
About the Report
NSR’s Oil and Gas via Satellite, 2nd Edition, is a multi-client report now available from NSR. The report provides an updated and expanded review of the Exploration & Production and Distribution sectors of the Oil and Gas market, studying demand trends from 2011 to 2021 for in-service units, retail and wholesale revenues, and frequency forecasts in all important Oil & Gas regions; from traditional locations in the Gulf of Mexico/North Sea to the latest deepwater discoveries.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at 617-576-5771.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.
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