Market Overview:
The global seismic vessels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing investment in exploration and production activities is also propelling the growth of this market. The global seismic vessels market can be segmented on the basis of type into shallow water seismic vessels and deep water seismic vessels. On the basis of application, this market can be segmented into oil & gas and others (including mining, engineering surveys, etc.). Geographically, this market can be segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
A seismic vessel is a type of boat or ship that is used to generate and record acoustic waves for the purpose of studying the Earth's subsurface. These vessels are important for studying earthquakes and other geological phenomena.
Shallow Water:
Shallow water, also known as shallow draft, is a reference to the depth of the vessel when compared to its draft. The shallower the water is, generally speaking, the easier it will be for a ship to navigate through it. However; there are some exceptions such as rivers and other large bodies of deep water which can make up for lower depths but still require vessels to go at or near their maximum safe operating depth.
Deep Water:
Deep water is the part of ocean or deep sea which is deeper than 600 meters. Oceanographic studies suggest that the maximum depth a human can survive for long is about 400 meters. After this, oxygen supply gets reduced and time taken for surfacing becomes longer. At such great depths there are no light sources and hence it becomes difficult to move around. Also, temperature stays cold at such great depths hence it also proves to be hazardous for human life support system (HLS).
Application Insights:
The oil & gas segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The increasing production of crude oil and natural gas has led to an increase in demand for drilling equipment, which includes both land-based as well as offshore platforms.
Offshore drilling requires a vessel that can withstand harsh environments, such as high pressure, temperature changes and strong currents around the platform area. Drilling vessels are also required to carry out operations at depths below the seabed where access by other means is not possible due to extreme conditions or because it would be too costly or time-consuming. These vessels are used for various applications including butane/propane exploration & production, deepwater soloing/wildcatting, LNG importation & exportion facilities among others.
The others application segment includes coal bed methane extraction among others; however, CBM accounts for a major share owing to its growing demand across various regions including Asia Pacific.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for oil & gas exploration activities coupled with growing offshore drilling projects in China, India, South Korea, Indonesia and Australia. In addition, large scale investments by National Offshore Oil Corporation of Iran (NOCI) are anticipated to drive the regional market further.
North America accounted for a significant share owing to presence of major oilfield services companies such as Halliburton Company; Schlumberger Limited; and KBR Inc.; among others that provide various marine based services including positioning systems using seismic data for wellsite management purposes. Moreover rising number of unconventional hydrocarbon reserves such as shale gas reserves which are more susceptible towards water-related issues is expected drive the product demand in North America over the forecast period.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in exploration and production activities of oil and gas reserves
- Proliferation of seismic technology that helps identify drilling prospects beneath the earth's surface
- Stringent safety norms for offshore drilling that mandate the use of seismic vessels for surveying potential hazards
- Growing awareness about the benefits of using seismic vessels for assessing offshore drilling risks
Scope Of The Report
Report Attributes
Report Details
Report Title
Seismic Vessels Market Research Report
By Type
Shallow Water, Deep Water
By Application
Oil & Gas, Others
By Companies
Mitsubishi Heavy Industries, Ltd., Ulstein Group, Singapore Technologies Engineering Ltd, Drydocks World, Hijos de J. Barreras SA, Factorias Vulcano, Niestern Sander, ASL Marine Holdings Ltd, Kleven Maritime AS, Cemre Shipyard, Mitsubishi Heavy Industries, Ltd., Fosen Yard AS
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Seismic Vessels Market Report Segments:
The global Seismic Vessels market is segmented on the basis of:
Types
Shallow Water, Deep Water
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 & Gas, 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:
- Mitsubishi Heavy Industries, Ltd.
- Ulstein Group
- Singapore Technologies Engineering Ltd
- Drydocks World
- Hijos de J. Barreras SA
- Factorias Vulcano
- Niestern Sander
- ASL Marine Holdings Ltd
- Kleven Maritime AS
- Cemre Shipyard
- Mitsubishi Heavy Industries, Ltd.
- Fosen Yard AS
Highlights of The Seismic Vessels 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:
- Shallow Water
- Deep Water
- By Application:
- Oil & Gas
- 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 Vessels 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
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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 vessels are large, deep-sea oil and gas wells that have been drilled into the earth's crust. They are used to extract oil and gas from beneath the surface.
Some of the key players operating in the seismic vessels market are Mitsubishi Heavy Industries, Ltd., Ulstein Group, Singapore Technologies Engineering Ltd, Drydocks World, Hijos de J. Barreras SA, Factorias Vulcano, Niestern Sander, ASL Marine Holdings Ltd, Kleven Maritime AS, Cemre Shipyard, Mitsubishi Heavy Industries, Ltd., Fosen Yard AS.
The seismic vessels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Seismic Vessels 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 Vessels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Seismic Vessels 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 Vessels 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 Vessels Market Size & Forecast, 2018-2028
4.5.1 Seismic Vessels Market Size and Y-o-Y Growth
4.5.2 Seismic Vessels Market Absolute $ Opportunity
Chapter 5 Global Seismic Vessels 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 Vessels Market Size Forecast by Type
5.2.1 Shallow Water
5.2.2 Deep Water
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Seismic Vessels 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 Vessels Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Seismic Vessels 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 Vessels 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 Vessels Analysis and Forecast
9.1 Introduction
9.2 North America Seismic Vessels 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 Vessels Market Size Forecast by Type
9.6.1 Shallow Water
9.6.2 Deep Water
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 Vessels Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 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 Vessels Analysis and Forecast
10.1 Introduction
10.2 Europe Seismic Vessels 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 Vessels Market Size Forecast by Type
10.6.1 Shallow Water
10.6.2 Deep Water
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 Vessels Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 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 Vessels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Seismic Vessels 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 Vessels Market Size Forecast by Type
11.6.1 Shallow Water
11.6.2 Deep Water
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 Vessels Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 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 Vessels Analysis and Forecast
12.1 Introduction
12.2 Latin America Seismic Vessels 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 Vessels Market Size Forecast by Type
12.6.1 Shallow Water
12.6.2 Deep Water
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 Vessels Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 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 Vessels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Seismic Vessels 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 Vessels Market Size Forecast by Type
13.6.1 Shallow Water
13.6.2 Deep Water
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 Vessels Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 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 Vessels Market: Competitive Dashboard
14.2 Global Seismic Vessels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Heavy Industries, Ltd.
14.3.2 Ulstein Group
14.3.3 Singapore Technologies Engineering Ltd
14.3.4 Drydocks World
14.3.5 Hijos de J. Barreras SA
14.3.6 Factorias Vulcano
14.3.7 Niestern Sander
14.3.8 ASL Marine Holdings Ltd
14.3.9 Kleven Maritime AS
14.3.10 Cemre Shipyard
14.3.11 Mitsubishi Heavy Industries, Ltd.
14.3.12 Fosen Yard AS
