Seismic survey is the process of gathering geophysical information beneath the earth’s surface. It usually includes details about the location and characteristics of geological structures, and the process can be conducted on-shore or off-shore. The process is suitable for detecting oil & gas, coal, groundwater, and metallic deposits. The global seismic survey market is anticipated to grow with a CAGR of 3.96% over the forecast period, i.e., 2021 - 2030. Factors such as the surge in demand for energy around the globe, especially amongst the end-use industries, such as transportation, followed by the rising need amongst the oil & gas companies to increase their production by means of searching for new reserves, are expected to contribute to the market growth in the coming years. The market is estimated to garner a revenue of close to USD 11660 Million by the end of 2030, up from a revenue of about USD 7990 Million in the year 2020.
The global seismic survey market is segmented by numerous segments, which include segmentation by service type, end-use vertical, technology, and by region. On the basis of technology, the market is segmented into 2D imaging, 3D imaging, and 4D imaging. Amongst these, the 3D imaging segment is expected to generate the largest revenue of over USD 6850 Million by the end of 2030, up from a revenue of near to USD 4490 Million in the year 2020.
On the basis of geographical analysis, the global seismic survey market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. By the end of 2030, the market in the Asia Pacific region is anticipated to generate the largest revenue of around USD 3290 Million, and also grow with the second-highest CAGR of 5% approximately during the forecast period.
Some of the prominent industry leaders in the global seismic survey market that are included in our report are PT Elnusa Tbk, CGG Group, Fugro N.V., Polarcus Limited, Alphageo (India) Limited, PGS Group, SeaBird Exploration Group, Agile Seismic LLC, ION Geophysical Corporation, Pulse Seismic Inc., and others.
The global seismic survey market is segmented by numerous segments, which include segmentation by service type, end-use vertical, technology, and by region. On the basis of technology, the market is segmented into 2D imaging, 3D imaging, and 4D imaging. Amongst these, the 3D imaging segment is expected to generate the largest revenue of over USD 6850 Million by the end of 2030, up from a revenue of near to USD 4490 Million in the year 2020.
On the basis of geographical analysis, the global seismic survey market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. By the end of 2030, the market in the Asia Pacific region is anticipated to generate the largest revenue of around USD 3290 Million, and also grow with the second-highest CAGR of 5% approximately during the forecast period.
Some of the prominent industry leaders in the global seismic survey market that are included in our report are PT Elnusa Tbk, CGG Group, Fugro N.V., Polarcus Limited, Alphageo (India) Limited, PGS Group, SeaBird Exploration Group, Agile Seismic LLC, ION Geophysical Corporation, Pulse Seismic Inc., and others.
Table of Contents
1. Market Definition
3. Research Methodology
5. Industry Value Chain Analysis
6. Market Dynamics
11. Impact of COVID-19 on the Global Seismic Survey Market (2020-2030)
12. Competitive Landscape
14. Global Seismic Survey Market 2020-2030
15. Global Siesmic Survey Market - Segmentation Analysis 2020-2030
16. North America Seismic Survey Market
17. Europe Seismic Survey Market
18. Asia Pacific Seismic Survey Market
19. Latin America Seismic Survey Market
20. Middle East & Africa Seismic Survey Market
Companies Mentioned
- PT Elnusa Tbk
- CGG Group
- Fugro N.V.
- Polarcus Limited
- Alphageo (India) Limited
- PGS Group
- SeaBird Exploration Group
- Agile Seismic LLC
- ION Geophysical Corporation
- Pulse Seismic Inc.
