Seismic Survey Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[198+ Pages Report] According to the report published by Facts Factors, the global seismic survey market size was worth around USD 1.5 billion in 2019 and is predicted to grow to around USD 2 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global seismic survey market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the seismic survey market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Seismic Survey industry. The report analyzes and declares the historical and current trends analysis of the Seismic Survey industry and subsequently recommends the projected trends anticipated to be observed in the Seismic Survey market during the upcoming years.

The Seismic Survey market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Seismic Survey market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• In line with the response given by primary respondents, the global seismic survey market is projected to grow per annum at a rate of approximately 4%
• From the primary research conducted our Analyst elevated the market value for the global seismic survey market to approximately USD 1.5 billion in 2019.
• Based on applications segmentation, the “Geophysical” group held the top portion at more than 20%, in 2019.
• The “3D Imaging” category, based on technology segmentation, was the primary profits-producing category contributing approximately 30% share, in 2019.

Key Recommendations from Analysts

• As per our analysts, increasing demand for oil and gas is likely to encourage the market players to explore new fields.
• On the other hand, Also, the crashing of oil prices is estimated to shrink the profit margins of the companies. The reductions in the budgets for exploration are likely to affect the seismic survey market.
• The reduction in the production of oil and gas due to an economic slowdown and a price war is estimated to affect the budgets for exploration.
• The seismic survey of existing brownfield sources for the optimum utilization of resources is projected to generate a lucrative opportunity for the market.

Global Seismic Survey Market Share Analysis (2019) – By Service

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Seismic Survey industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Seismic Survey industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Seismic Survey market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Seismic Survey industry. The Seismic Survey market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Seismic Survey sector. Key strategic developments in the Seismic Survey market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Seismic Survey market are appropriately highlighted in the report.

The Seismic Survey market research report delivers an acute valuation and taxonomy of the Seismic Survey industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Seismic Survey industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Seismic Survey industry is provided for the leading economies of the world.

The Seismic Survey market is segmented based on service, technology, and application. On the basis of Service segmentation, the market is classified into data acquisition, data processing, and data interpretation. Based on technology segmentation market is categorized into 2D Imaging, 3D Imaging, and 4D Imaging. In terms of Application segmentation, the market is bifurcated into geological, geophysical, geotechnical, and others.

Leading key market players operating in the Seismic Survey market, but not restricted to include

•  Polarcus Limited
•  Fugro N.V.
•  Compagnie Generale de Geophysique (CGG)
•  Schlumberger Limited-Western Geco
•  Fugro N.V.
•  Petroleum GeoServices
•  (TGS)-Norwegian Petroleum Exploration Consultants
•  Seabird Exploration PLC
•  Tomlinson Geophysical Services Inc.
•  Ion Geophysical Corporation

The taxonomy of the Seismic Survey industry by its scope and segmentation is as follows:

By Service Segmentation Analysis (Customizable)

• Data Acquisition
• Data Processing
• Data Interpretation

By Technology Segmentation Analysis (Customizable)

• 2D Imaging
• 3D Imaging
• 4D Imaging

By Application Segmentation Analysis (Customizable)

• Geological
• Geophysical
• Geotechnical
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa