Market Overview:
The global seismic survey market is expected to grow from USD 3.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 6.5% from 2018 to 2030. The growth of the global seismic survey market can be attributed to the increasing demand for oil and gas, rising exploration and production activities in the oil and gas sector, and growing awareness about the benefits of using seismic surveys for mineral exploration. However, factors such as high installation and operational costs may restrain the growth of this market during the forecast period. Based on type, the global seismic survey market is segmented into 2D imaging, 3D imaging, 4D imaging, and others (including time-lapse seismology). The 2D Imaging segment is projected to leadthe global seismic survey market duringthe forecast period owingto its low installationand operationalcosts as comparedto other typesofseismic surveys .
Product Definition:
A seismic survey is a method of exploring the Earth's subsurface by measuring the time it takes for sound waves to travel through the Earth and be reflected back to the surface.
2D Imaging:
2D imaging is a technique that involves the production of an image on a film or video by using two sources of light. The most common way to do this is with the help of a camera and marker. In order to create an image, we use various techniques such as time-lapse photography, which involves taking multiple pictures at set intervals; stop-action photography, which involves freezing action; and single exposure photography where the camera only fires one bullet at a time.
3D Imaging:
3D imaging is a technique that involves the collection of data from multiple view points which are then used to create a three dimensional image. The 3D imaging market is expected to witness significant growth over the forecast period owing to its wide range of applications in various industries such as construction, oil & gas and mining among others.
Application Insights:
The oil and gas segment dominated the global market in 2017. The growth of this application can be attributed to the growing demand for energy resources, coupled with technological advancements in seismic survey equipment. For instance, while 2D imaging surveys are relatively cheaper than 3D imaging surveys, their adoption is higher for oil and gas exploration as compared to other applications owing to its low cost and high success rate.
Geological exploration is expected to grow at a significant rate over the forecast period due largely to increasing government funding towards research related towards earth sciences particularly pertaining to geology. This has led several companies such as Schlumberger Limited., Halliburton Inc., Baker Hughes Inc., National Oilwell Varco LLC among others adopting various strategies such as acquiring smaller firms that provide advanced technologies for drilling muds & well completions or acquire outside technology providers that offer services related toward drilling fluids analytics etc to remain competitive in this space.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant growth in oil & gas, mining, and other industries owing to high demand from developing economies such as China and India. Furthermore, countries such as Indonesia are also witnessing significant growth in their energy sector due to increasing investments by foreign players. These factors are anticipated to drive the regional market for global seismic surveyors over the forecast period.
The Middle East & Africa region is projected to grow at a lucrative rate during the forecast period owing to increasing exploration activities for untapped reserves of oil & gas across countries such as Saudi Arabia and Egypt among others which have vast reserves of shale gas that can be utilized through hydraulic fracturing or fracking process known technically as enhanced oil recovery (EOR).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in exploration and production activities by oil and gas companies
- Proliferation of seismic surveys for unconventional resources such as shale gas and tight oil
- Development of new technologies that improve the efficiency of seismic surveys
- Growing demand from emerging economies such as China, India, Brazil, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Seismic Survey Market Research Report
By Type
2D Imaging, 3D Imaging, 4D Imaging
By Application
Oil and Gas, Geological Exploration, Mining, Others
By Companies
Agile Seismic, Alpine Ocean Seismic Survey, BGP, Compagnie Generale De Geophysique, Dawson Geophysical Company, Fugro, Geokinetics, Geospace Technologies, Global Geophysical Services, Ion Geophysical, New Resolution Geophysics, Petroleum Geo-Services, Pulse Seismic, Saexploration Holding, Schlumberger Limited-Westerngeco, Seabird Exploration, Tomlinson Geophysical Services, China National Petroleum
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Seismic Survey Market Report Segments:
The global Seismic Survey market is segmented on the basis of:
Types
2D Imaging, 3D Imaging, 4D Imaging
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
Oil and Gas, Geological Exploration, Mining, 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:
- Agile Seismic
- Alpine Ocean Seismic Survey
- BGP
- Compagnie Generale De Geophysique
- Dawson Geophysical Company
- Fugro
- Geokinetics
- Geospace Technologies
- Global Geophysical Services
- Ion Geophysical
- New Resolution Geophysics
- Petroleum Geo-Services
- Pulse Seismic
- Saexploration Holding
- Schlumberger Limited-Westerngeco
- Seabird Exploration
- Tomlinson Geophysical Services
- China National Petroleum
Highlights of The Seismic Survey 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 Imaging
- 3D Imaging
- 4D Imaging
- By Application:
- Oil and Gas
- Geological Exploration
- Mining
- 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 Seismic Survey 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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- Product & Brand Management
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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?
Seismic survey is a method of detecting and locating underground resources, such as oil and gas. The technique involves using sound waves to map the earth's surface.
Some of the key players operating in the seismic survey market are Agile Seismic, Alpine Ocean Seismic Survey, BGP, Compagnie Generale De Geophysique, Dawson Geophysical Company, Fugro, Geokinetics, Geospace Technologies, Global Geophysical Services, Ion Geophysical, New Resolution Geophysics, Petroleum Geo-Services, Pulse Seismic, Saexploration Holding, Schlumberger Limited-Westerngeco, Seabird Exploration, Tomlinson Geophysical Services, China National Petroleum.
The seismic survey market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Seismic Survey 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 Seismic Survey Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Seismic Survey 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 Seismic Survey 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 Seismic Survey Market Size & Forecast, 2018-2028
4.5.1 Seismic Survey Market Size and Y-o-Y Growth
4.5.2 Seismic Survey Market Absolute $ Opportunity
Chapter 5 Global Seismic Survey 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 Seismic Survey Market Size Forecast by Type
5.2.1 2D Imaging
5.2.2 3D Imaging
5.2.3 4D Imaging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Seismic Survey 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 Seismic Survey Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Geological Exploration
6.2.3 Mining
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Seismic Survey 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 Seismic Survey 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 Seismic Survey Analysis and Forecast
9.1 Introduction
9.2 North America Seismic Survey 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 Seismic Survey Market Size Forecast by Type
9.6.1 2D Imaging
9.6.2 3D Imaging
9.6.3 4D Imaging
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 Seismic Survey Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Geological Exploration
9.10.3 Mining
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 Seismic Survey Analysis and Forecast
10.1 Introduction
10.2 Europe Seismic Survey 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 Seismic Survey Market Size Forecast by Type
10.6.1 2D Imaging
10.6.2 3D Imaging
10.6.3 4D Imaging
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 Seismic Survey Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Geological Exploration
10.10.3 Mining
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 Seismic Survey Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Seismic Survey 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 Seismic Survey Market Size Forecast by Type
11.6.1 2D Imaging
11.6.2 3D Imaging
11.6.3 4D Imaging
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 Seismic Survey Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Geological Exploration
11.10.3 Mining
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 Seismic Survey Analysis and Forecast
12.1 Introduction
12.2 Latin America Seismic Survey 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 Seismic Survey Market Size Forecast by Type
12.6.1 2D Imaging
12.6.2 3D Imaging
12.6.3 4D Imaging
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 Seismic Survey Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Geological Exploration
12.10.3 Mining
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) Seismic Survey Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Seismic Survey 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) Seismic Survey Market Size Forecast by Type
13.6.1 2D Imaging
13.6.2 3D Imaging
13.6.3 4D Imaging
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) Seismic Survey Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Geological Exploration
13.10.3 Mining
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 Seismic Survey Market: Competitive Dashboard
14.2 Global Seismic Survey Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agile Seismic
14.3.2 Alpine Ocean Seismic Survey
14.3.3 BGP
14.3.4 Compagnie Generale De Geophysique
14.3.5 Dawson Geophysical Company
14.3.6 Fugro
14.3.7 Geokinetics
14.3.8 Geospace Technologies
14.3.9 Global Geophysical Services
14.3.10 Ion Geophysical
14.3.11 New Resolution Geophysics
14.3.12 Petroleum Geo-Services
14.3.13 Pulse Seismic
14.3.14 Saexploration Holding
14.3.15 Schlumberger Limited-Westerngeco
14.3.16 Seabird Exploration
14.3.17 Tomlinson Geophysical Services
14.3.18 China National Petroleum
