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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.
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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.
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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.
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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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