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Global Seismic Services Market: By Service: Data Acquisition, Data Processing and Interpretation; By Location of Deployment: Onshore, Offshore; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Seismic Services Market Outlook

The global seismic services market is expected to grow at a CAGR of 5.20% in the forecast period of 2023-2028.

 

Global Seismic Services Market

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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.

 

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.

 

Global Seismic Services Market by Segment

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By service, the market is divided into:

  • Data Acquisition
  • Data Processing and Interpretation

Based on the location of deployment, the market can be segregated into:

  • Onshore
  • Offshore

The regional markets for seismic services can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Seismic Services Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Seismic Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Seismic Services Historical Market (2018-2022) 
    8.3    Global Seismic Services Market Forecast (2023-2028)
    8.4    Global Seismic Services Market by Service
        8.4.1    Data Acquisition
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Data Processing and Interpretation
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Seismic Services Market by Location of Deployment
        8.5.1    Onshore
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Offshore
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)    
    8.6    Global Seismic Services Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Seismic Services Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Seismic Services Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Seismic Services Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Seismic Services Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Seismic Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Schlumberger Limited
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    CGG S.A.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    PGS ASA
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    TGS-NOPEC Geophysical Company ASA
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
            16.2.3.4    Certifications
        16.2.5    Halliburton Company
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Furgo N.V.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Polarcus Limited
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Seismic Services Market: Key Industry Highlights, 2018 and 2028
2.    Global Seismic Services Historical Market: Breakup by Service (USD Million), 2018-2022
3.    Global Seismic Services Market Forecast: Breakup by Service (USD Million), 2023-2028
4.    Global Seismic Services Historical Market: Breakup by Location of Deployment (USD Million), 2018-2022
5.    Global Seismic Services Market Forecast: Breakup by Location of Deployment (USD Million), 2023-2028
6.    Global Seismic Services Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Seismic Services Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Seismic Services Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Seismic Services Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Seismic Services Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Seismic Services Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Seismic Services Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Seismic Services Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Seismic Services Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Seismic Services Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Seismic Services Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Seismic Services Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Seismic Services Market Structure

Key Questions Answered in the Report

The global seismic services market is projected to grow at a CAGR of 5.20% between 2023 and 2028.

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.

Analyst Review

The global seismic services market is driven by the increasing demand for oil or natural gas across industry verticals. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.20%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on service, the seismic services industry can be segmented into data acquisition, and data processing and interpretation. On the basis of location of deployment, the industry is divided into onshore and offshore. The major regional markets for seismic services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Schlumberger Limited, CGG S.A., PGS ASA, TGS-NOPEC Geophysical Company ASA, Halliburton Company, Furgo N.V., and Polarcus Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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