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Report Overview

The global seismic services market is expected to grow at a CAGR of 5.20% in the forecast period of 2025-2034.

2024

Base Year

2018-2024

Historical Period

2025-2034

Forecast Period

Compound Annual Growth Rate

5.2%

Value in USD Million

2025-2034


Seismic Services Market Outlook

*this image is indicative*

Data Acquisition, Processing, and Interpretation to Account for a Substantial Market Share of the Seismic Services Industry

The heightened demand for seismic services in the oil and gas industry is projected to bolster the market growth in the forecast period. In this regard, the demand for data acquisition and accurate processing and interpretation is witnessing a surge to reduce the risk of accidents during boring processes. For instance, the Indian Ministry of Petroleum and Natural Gas in its 2021 report stated that the seismic survey for data acquisition, processing and interpretation achieved a success of 93.5%. In addition, the rising demand for oil and natural gas for various applications in industrial and transportation sector is resulting in increased government efforts towards the promotion of seismic services and surveys, which is estimated to support the market growth.

The Asia Pacific Region to Hold a Significant Market Share of the Seismic Services Industry

The Asia Pacific Region is estimated to possess a significant share of the seismic services industry. This can be attributed to the rising demand for oil and natural gas in the region. The Annual report by the Ministry of Petroleum and Natural Gas of India stated the increase in seismic surveys and activities done in Northeastern region of the country. In addition, the rapid technological advancements in the development of seismic imaging technology and data processing are estimated to aid the market for seismic services.

Global Seismic Services Market by Segment

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Seismic Services: Market Segmentation

Seismic services deal with the extraction of oil and natural gas under the Earth surface for processing and market use. In this regard, seismic survey is an efficient method conducted to find large scale and small-scale deposits. These help scientists to see under the ocean and locate the natural reservoirs. They are environmentally friendly with little to no impact on the environment.

Market Breakup by Service

  • Data Acquisition
  • Data Processing and Interpretation

Market Breakup by Location of Deployment

  • Onshore
  • Offshore

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Rising Environmental Consciousness and Advancements in Technology to Bolster the Market Growth of Seismic Services

The reduced risk factors and low environmental impact caused by seismic services are projected to propel the growth of the industry in the forecast period. In addition, the use of geophysical technologies helps in the accurate detection of the oil and natural gas reservoirs, which is expected to bolster the market growth. Furthermore, the increased deployment of seismic surveys in the construction industry is also projected to support the market growth in the forecast period.

Key Industry Players in the Global Seismic Services Market

The report gives a detailed analysis of the following key players in the global seismic services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Schlumberger Limited
  • CGG S.A.
  • PGS ASA
  • TGS-NOPEC Geophysical Company ASA
  • Halliburton Company
  • Furgo N.V.
  • Polarcus Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Seismic Services Market Report Snapshots

Seismic Services Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global seismic services market is projected to grow at a CAGR of 5.20% between 2025 and 2034.

The major drivers of industry include the rising demand for oil or natural gas across industries, rapidly increasing offshore boring activities in the oil and gas, and the growing environmental consciousness and the stringent government regulations to combat climate change.

The key market trends guiding the growth of the industry include the rapid technological advancements in seismic technologies.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The services explored in the market report include data acquisition, and data processing and interpretation.

The major locations of deployment considered in the market report include onshore and offshore.

The major players in the industry are Schlumberger Limited, CGG S.A., PGS ASA, TGS-NOPEC Geophysical Company ASA, Halliburton Company, Furgo N.V., and Polarcus Limited, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service
  • Location of Deployment
  • Region
Breakup by Service
  • Data Acquisition
  • Data Processing and Interpretation
Breakup by Location of Deployment
  • Onshore
  • Offshore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Schlumberger Limited
  • CGG S.A.
  • PGS ASA
  • TGS-NOPEC Geophysical Company ASA
  • Halliburton Company
  • Furgo N.V.
  • Polarcus Limited
  • Others
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