Geophysical Services and Equipment Market Report 2026

The geophysical services and equipment market size has grown steadily in recent years. It will grow from $14.52 billion in 2025 to $15.05 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to expanding oil and gas exploration activities, increasing mineral exploration demand, early adoption of geophysical surveying tools, growing infrastructure development needs, rising scientific study of earth structures.

The geophysical services and equipment market size is expected to see steady growth in the next few years. It will grow to $17.37 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to rising demand for renewable energy exploration, increasing focus on environmental monitoring, growing investments in infrastructure planning, expanding geoscience research initiatives, strengthening disaster preparedness strategies. Major trends in the forecast period include rising demand for subsurface exploration solutions, growing use of geophysical surveys in infrastructure planning, increasing adoption in environmental and natural resource studies, expansion of seismic and imaging applications, strengthening focus on disaster risk monitoring.

The rising demand for renewable energy is expected to propel the growth of the geophysical services and equipment market going forward. Renewable energy refers to energy generated from naturally replenishing sources such as sunlight, wind, and water. The transition toward renewable energy sources, including solar panels and wind turbines, relies on geophysical services and equipment. These services and equipment help identify optimal locations for renewable energy projects, such as wind farms and solar installations, through geophysical surveys and assessments, thereby supporting the expansion of renewable energy capacity and increasing demand for clean energy solutions. For instance, in October 2024, according to the International Energy Agency, a France-based intergovernmental organization, renewable energy accounted for 30% of electricity generation in 2023, with this share projected to rise to 46% by 2030. Therefore, the rising demand for renewable energy is driving the growth of the geophysical services and equipment market.

Major companies operating in the geophysical services and equipment market are focusing on developing advanced software solutions, such as HyperQ, to gain a competitive edge in the market. HyperQ is a comprehensive and advanced seismic acquisition and processing software solution designed to enhance efficiency and accuracy in subsurface imaging for oil and gas exploration. For instance, in January 2024, Sercel Inc. a France-based, high-tech solution providers for subsurface exploration launched MetaBlue™ Land. MetaBlue™ Land is an innovative collaborative solution designed for onshore seismic surveys, it allows optimum management of land and transition zone seismic surveys to boost productivity, improve safety, and ensure the acquisition of the highest-quality data on every type of onshore seismic project. Also, it helps project stakeholders make informed decisions during every step project.

In December 2023, PXGEO Limited, a US-based marine geophysical service provider, acquired AmpSeis AS for an undisclosed amount. Through this strategic move, PXGEO gains access to cutting-edge advanced ocean bottom node (OBN) technology and expands its portfolio of offerings to address the evolving needs of the global energy sector. AmpSeis AS is a Norway-based geophysical company specializing in providing marine geophysical services.

Major companies operating in the geophysical services and equipment market report are Schlumberger Limited, Halliburton Company, Breckenridge Geophysical, Fugro Suhaimi Company Ltd., SGS S.A., COSL Geokinetics Inc., China Oilfield Services Limited, BGP Inc., CGGVeritas, PGS ASA, Sercel SA, Shearwater GeoServices, TGS ASA, SAExploration, Geotech Ltd, Dawson Geophysical, Phoenix Geophysics, SeaBird Exploration, Abitibi Geophysics, DMT GmbH & Co. KG, Blue Ocean Seismic Services, Pulse Seismic Inc., IRIS Instruments, Ramboll Group A/S, Dolphin Geophysical.

North America was the largest region in the geophysical services and equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geophysical services and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the geophysical services and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The geophysical services and equipment market consists of revenues earned by entities by providing services such as surveys, data collection, analysis, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The geophysical services and equipment market also includes sales of seismic sensors, magnetometers, gravimeters, and ground-penetrating radar systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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