Global Seismic Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Seismic Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A comprehensive range of services to address acquisition, data processing, seismic interpretation, and drilling challenges.

Market Overview:

The latest research study on the global Seismic Services market finds that the global Seismic Services market reached a value of USD 6670.34 million in 2022. It’s expected that the market will achieve USD 10352.0 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.

Advances in Innovation and Technology

Continuously developing advanced seismic technology, with high-resolution seismic image production and images transmitted with extremely high efficiency, highest speed and HSE sensitivity. Seismic services are gaining more and more attention, and technologies include multi-client seismic projects and 4D measurement technology worldwide. With the strong demand for hydraulic fracturing, underground gas storage and extraction, waste injection, and exploration and production monitoring of reservoir life, the global seismic service market will continue to expand.

Crude oil prices fall

The decline in exploration and production (E & P) investment and budgets will limit the Seismic Services market due to falling crude oil prices and environmental issues related to seismic technology.

Environmental protection policies are becoming stricter

With the continuous development of the economy, the global climate continues to deteriorate. People are paying more and more attention to environmental protection. However, opposition from environmental groups to earthquake activity may hinder market growth over the forecast period.

Region Overview:

From 2023-2028, USA is estimated to witness robust growth prospects.

Company Overview:

CGG SA is one of the major players operating in the Seismic Services market, holding a share of 15.62% in 2023.

CGG SA

CGG is a leader in cutting-edge earth sciences. The company has achieved leadership through a high emphasis on innovation and a commitment to providing customers with the best sustainable solutions to their energy challenges. The company brings to its customers a unique set of technologies, services and equipment designed to acquire extremely accurate data and images of the earth's underground. CGG also provides state-of-the-art software and services to analyze this data and deepen understanding of the exploration, production and optimization of underground oil and gas reservoirs.

BGP Inc.

BGP is a wholly-owned subsidiary of China National Petroleum Corporation. The company's core business is a geophysical exploration of oil and gas resources. It's business scope also includes oil and gas onshore and offshore exploration, data processing and interpretation, comprehensive geophysical and geochemical exploration, information technology services, geophysical exploration equipment, software research and development, multi-user exploration, external training, and property Services, etc.

Segmentation Overview:

Among different product types, Data Acquisition segment is anticipated to contribute the largest market share in 2028.

Application Overview:

In the Seismic Services market, 51.79% of the total value was generated through the 3D Imaging segment by application in 2022.

Key Companies in the global Seismic Services market covered in Chapter 3:

Agile Seismic LLC
Petroleum Geo-Services ASA
Dawson Geophysical
Fugro NV
Halliburton Co
Geofizika Torun
CGG SA
DownUnder GeoSolutions
BGP Inc.
ION Geophysical Corporation
TGS Nopec Geophysical Co ASA
Seabird Exploration PLC
SAExploration Holdings Inc.
Geokinetics Inc
Shearwater Geoservices
WGP Group Ltd.
Fairfield Geotechnologies
Polarcus Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Seismic Services market from 2018 to 2029 is primarily split into:

Data Acquisition
Data Processing
Data Interpretation

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Seismic Services market from 2018 to 2029 covers:

2D Imaging
3D Imaging
4D Imaging

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)