Global Geophysical Services Market 2024-2028

Global Geophysical Services Market 2024-2028

The geophysical services market is forecasted to grow by USD 3 bn during 2023-2028, accelerating at a CAGR of 3.34% during the forecast period. The report on the geophysical services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising multi-client survey approach, increase in oil and gas E&P activities, and increasing adoption of airborne seismic survey.

Technavio's geophysical services market is segmented as below:

By Type

• Land
• Marine
• Aerial

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing use multi-sensors for 4D surveys as one of the prime reasons driving the geophysical services market growth during the next few years. Also, increasing focus on unconventional oil and gas E&P activities and rising adoption of VR and AR will lead to sizable demand in the market.

The report on the geophysical services market covers the following areas:

• Geophysical services market sizing
• Geophysical services market forecast
• Geophysical services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geophysical services market vendors that include Abitibi Geophysics, CGG SA, China National Offshore Oil Corp., Dawson Geophysical Co., EON Geosciences Inc., Fugro NV, Geophysical Survey Systems Inc., GeoTech, Halliburton Co., PGS ASA, Phoenix Geophysics, Ramboll Group AS, SAExploration Holdings Inc., Schlumberger Ltd., Sea Geo Surveys Pvt. Ltd., Spectrum Geophysics, TGS NOPEC Geophysical Co ASA, Weatherford International PLC, and Xcalibur Multiphysics. Also, the geophysical services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.