Market Overview:
The global marine seismic equipment and acquisition market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing exploration and production activities in offshore areas are also contributing to the growth of this market. The global marine seismic equipment and acquisition market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into 2D seismic equipment, 3D seismic equipment, 4C seismic equipment, and others. The 3D seismic equipment segment is expected to grow at a higher CAGR during the forecast period as compared to other segments due to its ability to provide high-resolution images of subsurface structures.
Product Definition:
The purpose of marine seismic equipment and acquisition is to measure the acoustic properties of the Earth's subsurface in order to locate and map potential petroleum reserves. This information is used by oil companies to determine where it is economically feasible to drill for oil and gas. The use of seismic data in offshore exploration has increased significantly over the past few decades, making it a critical part of today's oil industry.
2D Seismic Equipment:
2D seismic equipment is used to acquire vertical and horizontal seismic data. The acquisition process includes pre-acquisition, acquisition, post-acquisition analysis and interpretation of the acquired data.
2D Seismic Acquisition Market by Technology (Acquisition Software, Hardware & Services), by Application (Oil & Gas Exploration).
3D Seismic Equipment:
3D seismic equipment and it’s usage in marine seismic equipment acquisition market is expected to grow at a significant rate over the forecast period. The primary factor that propels the growth of this market includes increasing offshore drilling activities. Owing to technological advancements, 3D seismic technology has become an essential part of oil & gas exploration and production (E&P). It enables efficient reservoir characterization, which further helps in making better decisions for future development phases.
Application Insights:
The market is segmented into multi-client seismic acquisition, proprietary seismic acquisition, ocean bottom seismic (OBS) acquisition and others. The multi-client Seismic Acquisition segment dominated the overall marine sector in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing demand for oil & gas exploration from various countries across the world coupled with an increase in number of active offshore oil fields.
Proprietary Seismic Acquisition was one of the fastest growing segments owing to a rise in demand for sensitive data confidentiality as well as enhanced data quality during exploration activities. In addition, this equipment also enables operators to reduce costs by reducing human intervention while conducting surveys on land or at sea floor level which further boosts industry growth prospects.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing offshore projects and growing exploration activities in countries such as China, India, Indonesia, Vietnam and Thailand. In addition, rising demand for energy resources is also anticipated to drive regional product demand over the forecast period.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in offshore drilling by oil and gas companies
- Proliferation of new seismic technology that helps reduce exploration costs
- Stringent environmental regulations encouraging the use of advanced seismic equipment
- Growing demand for seabed mapping to support offshore windfarm development
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Seismic Equipment & Acquisition Market Research Report
By Type
2D Seismic Equipment, 3D Seismic Equipment, 4C Seismic Equipment, Others
By Application
Multi-Client Seismic Acquisition, Proprietary Seismic Acquisition, Ocean Bottom Seismic (OBS) Acquisition, Others
By Companies
Seabird Exploration Group, CGG, BGP, PGS, EMGS, WesternGeco, Polarcus Limited, TGS, Fugro, Geo Marine Survey Systems, Seabird Exploration Group, Mitcham Industries, Inc, Sercel, Prospector PTE, Schlumberger
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Marine Seismic Equipment & Acquisition Market Report Segments:
The global Marine Seismic Equipment & Acquisition market is segmented on the basis of:
Types
2D Seismic Equipment, 3D Seismic Equipment, 4C Seismic Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Multi-Client Seismic Acquisition, Proprietary Seismic Acquisition, Ocean Bottom Seismic (OBS) Acquisition, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Seabird Exploration Group
- CGG
- BGP
- PGS
- EMGS
- WesternGeco
- Polarcus Limited
- TGS
- Fugro
- Geo Marine Survey Systems
- Seabird Exploration Group
- Mitcham Industries, Inc
- Sercel
- Prospector PTE
- Schlumberger
Highlights of The Marine Seismic Equipment & Acquisition Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2D Seismic Equipment
- 3D Seismic Equipment
- 4C Seismic Equipment
- Others
- By Application:
- Multi-Client Seismic Acquisition
- Proprietary Seismic Acquisition
- Ocean Bottom Seismic (OBS) Acquisition
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Seismic Equipment & Acquisition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine seismic equipment and acquisition is the procurement of marine seismic equipment for use in offshore oil and gas exploration and production.
Some of the major players in the marine seismic equipment & acquisition market are Seabird Exploration Group, CGG, BGP, PGS, EMGS, WesternGeco, Polarcus Limited, TGS, Fugro, Geo Marine Survey Systems, Seabird Exploration Group, Mitcham Industries, Inc, Sercel, Prospector PTE, Schlumberger.
The marine seismic equipment & acquisition market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Seismic Equipment & Acquisition Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Seismic Equipment & Acquisition Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Seismic Equipment & Acquisition Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Seismic Equipment & Acquisition Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Seismic Equipment & Acquisition Market Size & Forecast, 2020-2028
4.5.1 Marine Seismic Equipment & Acquisition Market Size and Y-o-Y Growth
4.5.2 Marine Seismic Equipment & Acquisition Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2D Seismic Equipment
5.2.2 3D Seismic Equipment
5.2.3 4C Seismic Equipment
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Multi-Client Seismic Acquisition
6.2.2 Proprietary Seismic Acquisition
6.2.3 Ocean Bottom Seismic (OBS) Acquisition
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Seismic Equipment & Acquisition Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Seismic Equipment & Acquisition Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2D Seismic Equipment
9.6.2 3D Seismic Equipment
9.6.3 4C Seismic Equipment
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Multi-Client Seismic Acquisition
9.10.2 Proprietary Seismic Acquisition
9.10.3 Ocean Bottom Seismic (OBS) Acquisition
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2D Seismic Equipment
10.6.2 3D Seismic Equipment
10.6.3 4C Seismic Equipment
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Multi-Client Seismic Acquisition
10.10.2 Proprietary Seismic Acquisition
10.10.3 Ocean Bottom Seismic (OBS) Acquisition
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2D Seismic Equipment
11.6.2 3D Seismic Equipment
11.6.3 4C Seismic Equipment
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Multi-Client Seismic Acquisition
11.10.2 Proprietary Seismic Acquisition
11.10.3 Ocean Bottom Seismic (OBS) Acquisition
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2D Seismic Equipment
12.6.2 3D Seismic Equipment
12.6.3 4C Seismic Equipment
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Multi-Client Seismic Acquisition
12.10.2 Proprietary Seismic Acquisition
12.10.3 Ocean Bottom Seismic (OBS) Acquisition
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2D Seismic Equipment
13.6.2 3D Seismic Equipment
13.6.3 4C Seismic Equipment
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Multi-Client Seismic Acquisition
13.10.2 Proprietary Seismic Acquisition
13.10.3 Ocean Bottom Seismic (OBS) Acquisition
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Seismic Equipment & Acquisition Market: Competitive Dashboard
14.2 Global Marine Seismic Equipment & Acquisition Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seabird Exploration Group
14.3.2 CGG
14.3.3 BGP
14.3.4 PGS
14.3.5 EMGS
14.3.6 WesternGeco
14.3.7 Polarcus Limited
14.3.8 TGS
14.3.9 Fugro
14.3.10 Geo Marine Survey Systems
14.3.11 Seabird Exploration Group
14.3.12 Mitcham Industries, Inc
14.3.13 Sercel
14.3.14 Prospector PTE
14.3.15 Schlumberger
