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Geophysical Service Market Size, Share, and Analysis, By Technology (Seismic, Magnetic, Electromagnetic, Gradiometry, Gravity, Borehole logging, and Others), By Survey Type (Land-based, Marine-based, and Aerial-based), By End-User (Oil & Gas, Mining, Agriculture, Water Exploration, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 499 pages | ID: GCC4F6EC70B1EN
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Geophysical Service Market Size, Share, and Analysis, By Technology (Seismic, Magnetic, Electromagnetic, Gradiometry, Gravity, Borehole logging, and Others), By Survey Type (Land-based, Marine-based, and Aerial-based), By End-User (Oil & Gas, Mining, Agriculture, Water Exploration, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Geophysical Service Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 12.9 billion and is projected t%li%reach USD 22.4 billion by the completion of 2034.

Geophysical services refers t%li%diverse methods which are used t%li%study the subsurface characteristics of Earth. These methods involves concepts from physics, mathematics, and geology t%li%examine fluctuations in gravitational, magnetic, electrical, and seismic fields. Geophysicists gather data by using specialized devices such as seismographs, gravimeters, magnetometers, and resistivity meters. They use accurate interpretation of these observations t%li%collect significant insights int%li%underground phenomena like mineral deposits, groundwater reservoirs, oil and gas reserves, fault lines, and geological structures. Moreover, geophysical services are used across many industries, including engineering projects, mineral prospecting, environmental assessment, and natural hazard assessment. These services help t%li%advance science and encourage sustainable development by improving decision-making and enabling resource management. Consequently, geophysical surveys improve our awareness of subsurface resources and promote responsible use and effective risk management measures.

MARKET HIGHLIGHTS

Geophysical Service Market is projected t%li%reach USD 22.4 billion over the forecast period, owing t%li%the increasing demand from sectors including oil & gas exploration, mineral prospecting, and infrastructure development. Geophysical services play a crucial role in precisely mapping and evaluating subsurface characteristics, which aid in the identification of underground resources and geological hazards. Additionally, technological improvements, particularly in AI and data analytics, are improving the efficiency and accuracy of geophysical surveys. The growing focus on renewable energy sources such as geothermal and offshore wind presents fresh opportunities for service providers. Furthermore, despite regulatory challenges and environmental issues surrounding exploratory activities, the geophysical service market is expected t%li%grow steadily. This growth trajectory is attributed t%li%the evolving industrial needs and constant technology innovations, which assures the relevance and importance of geophysical services in various sectors around the world.

Geophysical Service Market Segments:
  • By Technology
  • Seismic
  • Magnetic
  • Electromagnetic
  • Gradiometry
  • Gravity
  • Borehole logging
  • Others
  • By Survey Type
  • Land-based
  • Marine-based
  • Aerial-based
  • By End-User
  • Oil & Gas
  • Mining
  • Agriculture
  • Water Exploration
  • Others
MARKET DYNAMICS

Growth Drivers

Improvements in Technology will Generate Growth Opportunities

Higher Demand for Natural Resources will Cause Market Expansion

Restraint

Regulatory Constraints can Hinder Industry Growth

Key Players
  • Baker Hughes
  • Fugro
  • Schlumberger
  • Halliburton
  • CGG (Compagnie Gйnйrale de Gйophysique)
  • Geokinetics
  • ION Geophysical Corporation
  • TGS (TGS-NOPEC Geophysical Company)
  • PGS (Petroleum Geo-Services)
  • WesternGeco
  • SAExploration Holdings, Inc.
  • Polarcus
  • Shearwater GeoServices
  • BGP Inc.
    • Spectrum Ge%li%Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3.Geophysical Service Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Geophysical Service Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. GEOPHYSICAL SERVICE MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. GEOPHYSICAL SERVICE MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Technology
    11.3.1.1. Seismic
      11.3.1.1.1. By Value (USD Million) 2024-2034F
      11.3.1.1.2.Market Share (%) 2024-2034F
      11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Magnetic
      11.3.1.2.1.By Value (USD Million) 2024-2034F
      11.3.1.2.2. Market Share (%) 2024-2034F
      11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Elctromagnetic
      11.3.1.3.1.By Value (USD Million) 2024-2034F
      11.3.1.3.2. Market Share (%) 2024-2034F
      11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Gradiometry
      11.3.1.4.1.By Value (USD Million) 2024-2034F
      11.3.1.4.2. Market Share (%) 2024-2034F
      11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Gravity
      11.3.1.5.1.By Value (USD Million) 2024-2034F
      11.3.1.5.2. Market Share (%) 2024-2034F
      11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.6.Borehole Logging
      11.3.1.6.1.By Value (USD Million) 2024-2034F
      11.3.1.6.2. Market Share (%) 2024-2034F
      11.3.1.6.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.7.Others
      11.3.1.7.1.By Value (USD Million) 2024-2034F
      11.3.1.7.2. Market Share (%) 2024-2034F
      11.3.1.7.3. Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Survey Type
    11.3.2.1.Land-Based
      11.3.2.1.1.By Value (USD Million) 2024-2034F
      11.3.2.1.2. Market Share (%) 2024-2034F
      11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Marine-Based
      11.3.2.2.1. By Value (USD Million) 2024-2034F
      11.3.2.2.2.Market Share (%) 2024-2034F
      11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Aerial-Based
      11.3.2.3.1. By Value (USD Million) 2024-2034F
      11.3.2.3.2.Market Share (%) 2024-2034F
      11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
  11.3.3. By End-User
    11.3.3.1.Oil & Gas
      11.3.3.1.1.By Value (USD Million) 2024-2034F
      11.3.3.1.2. Market Share (%) 2024-2034F
      11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Mining
      11.3.3.2.1. By Value (USD Million) 2024-2034F
      11.3.3.2.2.Market Share (%) 2024-2034F
      11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Agriculture
      11.3.3.3.1. By Value (USD Million) 2024-2034F
      11.3.3.3.2.Market Share (%) 2024-2034F
      11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Water Exploration
      11.3.3.4.1. By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5. Others
      11.3.3.5.1. By Value (USD Million) 2024-2034F
      11.3.3.5.2.Market Share (%) 2024-2034F
      11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F

12. NORTH AMERICA GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Technology
  12.3.2.By Survey Type
  12.3.3.By End-User
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13. EUROPE GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Technology
  13.3.2.By Survey Type
  13.3.3.By End-User
13.4. Country
  13.4.1.Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4. Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA-PACIFIC GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Technology
  14.3.2.By Survey Type
  14.3.3.By End-User
14.4. Country
  14.4.1. India
  14.4.2.China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Technology
  15.3.2.By Survey Type
  15.3.3.By End-User
15.4. Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4. South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA GEOPHYSICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Technology
  16.3.2.By Survey Type
  16.3.3.By End-User
16.4. Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.Schlumberger
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Halliburton
18.3.Baker Hughes
18.4. Fugro
18.5.CGG (Compagnie Gйnйrale de Gйophysique)
18.6.Geokinetics
18.7.ION Geophysical Corporation
18.8. TGS (TGS-NOPEC Geophysical Company)
18.9.PGS (Petroleum Geo-Services)
18.10. WesternGeco
18.11. SAExploration Holdings, Inc.
18.12. Polarcus
18.13. Shearwater GeoServices
18.14. BGP Inc.
18.15. Spectrum Geo Inc.
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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