Market Overview:
The global land seismic equipment 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, which in turn is fueling the demand for land seismic equipment. Additionally, technological advancements in 3D seismic equipment are also propelling the growth of this market. However, high installation and maintenance costs associated with land seismic equipment are restraining its growth to some extent. On the basis of type, 2D Seismic Equipment held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its low installation and maintenance costs as compared to 3D Seismic Equipment .
Product Definition:
Land seismic equipment is used to detect and map the subsurface of the earth. It is important for oil and gas exploration, mineral exploration, and other scientific research.
2D Seismic Equipment:
2D seismic equipment is used to measure horizontal and vertical movement of the earth surface. It is an alternative to 3D seismic equipment, which measures only vertical movement. 2D seismic survey provides information about the depth and strength of various rock units at a particular location. This data can be used for several applications such as mineral exploration, hydrocarbon exploration, construction work etc., depending on the requirements of customers.
3D Seismic Equipment:
3D seismic equipment is used to measure the depth of earth surface or crustal movement. This technology is mainly used in oil and gas exploration, mining, construction industry for determining the optimum point for drilling purposes. The 3D seismic surveyor provides a three dimensional image of subsurface by using sound waves from air guns mounted on its vehicle or on a platform truck.
The 3D seismic equipment market size was valued at USD 1,19500000 in 2016.
Application Insights:
The government sector accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The major factors contributing to this growth include increasing spending on infrastructure, growing need for monitoring earthquakes of all sizes, and ability of governments to raise funds through bonds issued by private companies operating in the infrastructure sector.
Government-owned or controlled bodies such as national oil companies (NOCs) are permitted by law or treaties to carry out exploration activities. For instance, NOC Aramco has a 50-year agreement with Saudi Arabia's Ministry of Interior that includes participation from both parties in various projects related to oil & gas exploration and production activities across Saudi Arabia. Such agreements provide an opportunity for market players operating in the land seismic equipment industry owing to availability of huge investments from NOCs across various regions globally.
Regional Analysis:
Asia Pacific dominated the global land seismic equipment market in 2016 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, government investments in infrastructure development, and rising number of mining activities. Moreover, growing industrialization across various sectors including construction, energy & power generation has led to an increase in demand for these products.
The North America regional market accounted for a significant share owing to technological advancements witnessed during exploration activities coupled with high focus on reducing costs associated with offshore operations. Furthermore, presence of major players such as Halliburton Company; Schlumberger Limited; Wellesley Energy Group Pty Ltd.; TechnipFMC Corporation; KBRwyle Inc.; and Weatherford International plc are also contributing towards industry growth within this region.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in exploration and production activities of oil and gas
- Technological advancements in seismic equipment that improve the quality of data acquisition
- Growing number of seismic surveys being conducted for hydrocarbon exploration
- Increasing focus on unconventional resources such as shale gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Land Seismic Equipment Market Research Report
By Type
2D Seismic Equipment, 3D Seismic Equipment, Others
By Application
Government Department, Business Sector, Industrial Sector
By Companies
CGG, DMT, SAExploration, Dawson Geophysical, Geometrics, Polaris Seismic International, Geokinetics, Geospace Technologies, Terrex Seismic, INOVA, BGP, Mitcham Industries, Schlumberger, Terraseis, Wireless Seismic
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Land Seismic Equipment Market Report Segments:
The global Land Seismic Equipment market is segmented on the basis of:
Types
2D Seismic Equipment, 3D 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
Government Department, Business Sector, Industrial Sector
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:
- CGG
- DMT
- SAExploration
- Dawson Geophysical
- Geometrics
- Polaris Seismic International
- Geokinetics
- Geospace Technologies
- Terrex Seismic
- INOVA
- BGP
- Mitcham Industries
- Schlumberger
- Terraseis
- Wireless Seismic
Highlights of The Land Seismic Equipment 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
- Others
- By Application:
- Government Department
- Business Sector
- Industrial Sector
- 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 Land Seismic Equipment 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Land seismic equipment is a type of seismic survey equipment used to measure the size, shape, and depth of subsurface features.
Some of the major players in the land seismic equipment market are CGG, DMT, SAExploration, Dawson Geophysical, Geometrics, Polaris Seismic International, Geokinetics, Geospace Technologies, Terrex Seismic, INOVA, BGP, Mitcham Industries, Schlumberger, Terraseis, Wireless Seismic.
The land seismic equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Land Seismic Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Land Seismic Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Land Seismic Equipment Market - Supply Chain
4.5. Global Land Seismic Equipment Market Forecast
4.5.1. Land Seismic Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Land Seismic Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Land Seismic Equipment Market Absolute $ Opportunity
5. Global Land Seismic Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Land Seismic Equipment Market Size and Volume Forecast by Type
5.3.1. 2D Seismic Equipment
5.3.2. 3D Seismic Equipment
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Land Seismic Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Land Seismic Equipment Market Size and Volume Forecast by Application
6.3.1. Government Department
6.3.2. Business Sector
6.3.3. Industrial Sector
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Land Seismic Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Land Seismic Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Land Seismic Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Land Seismic Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Land Seismic Equipment Demand Share Forecast, 2019-2026
9. North America Land Seismic Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Land Seismic Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Land Seismic Equipment Market Size and Volume Forecast by Application
9.4.1. Government Department
9.4.2. Business Sector
9.4.3. Industrial Sector
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Land Seismic Equipment Market Size and Volume Forecast by Type
9.7.1. 2D Seismic Equipment
9.7.2. 3D Seismic Equipment
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Land Seismic Equipment Demand Share Forecast, 2019-2026
10. Latin America Land Seismic Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Land Seismic Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Land Seismic Equipment Market Size and Volume Forecast by Application
10.4.1. Government Department
10.4.2. Business Sector
10.4.3. Industrial Sector
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Land Seismic Equipment Market Size and Volume Forecast by Type
10.7.1. 2D Seismic Equipment
10.7.2. 3D Seismic Equipment
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Land Seismic Equipment Demand Share Forecast, 2019-2026
11. Europe Land Seismic Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Land Seismic Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Land Seismic Equipment Market Size and Volume Forecast by Application
11.4.1. Government Department
11.4.2. Business Sector
11.4.3. Industrial Sector
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Land Seismic Equipment Market Size and Volume Forecast by Type
11.7.1. 2D Seismic Equipment
11.7.2. 3D Seismic Equipment
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis byType
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Land Seismic Equipment Demand Share, 2019-2026
12. Asia Pacific Land Seismic Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Land Seismic Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Land Seismic Equipment Market Size and Volume Forecast by Application
12.4.1. Government Department
12.4.2. Business Sector
12.4.3. Industrial Sector
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Land Seismic Equipment Market Size and Volume Forecast by Type
12.7.1. 2D Seismic Equipment
12.7.2. 3D Seismic Equipment
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Land Seismic Equipment Demand Share, 2019-2026
13. Middle East & Africa Land Seismic Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Land Seismic Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Land Seismic Equipment Market Size and Volume Forecast by Application
13.4.1. Government Department
13.4.2. Business Sector
13.4.3. Industrial Sector
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Land Seismic Equipment Market Size and Volume Forecast by Type
13.7.1. 2D Seismic Equipment
13.7.2. 3D Seismic Equipment
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Land Seismic Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Land Seismic Equipment Market: Market Share Analysis
14.2. Land Seismic Equipment Distributors and Customers
14.3. Land Seismic Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CGG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DMT
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SAExploration
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dawson Geophysical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Geometrics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polaris Seismic International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Geokinetics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Geospace Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Terrex Seismic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. INOVA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BGP
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitcham Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schlumberger
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Terraseis
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wireless Seismic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
