Global Geophysical Services Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Type Coverage, By End-user Coverage, By Technology Coverage, By Geographic Coverage and By Company)
Published Date: Jan 2023 |
Format:
| No. of Pages: 173
Industry: Energy & Natural Resources | Author Name: Harshad
Global geophysical services market is anticipated to reach US$18.9 Bn by 2029.
Global top 5 players in geophysical services include CGG, TGS, EON Geosciences, Dawson Geophysical Inc., and Spectrum Geophysics.
In 2021, North America constituted 29.3% of the global geophysical services market by value. In terms of value, Asia Pacific is expected to register a CAGR of 6.0% from 2022-2029.
In terms of type, land-based survey constituted more than 80% of the market in the year 2021. By technology, seismic segment is expected to lead the global geophysical services market by 2029. By end-user, both upstream oil and gas, and mineral and mining constituted more than 80% share in 2021.
The geophysical services market witnessed positive impact during the COVID-19. There has been a significant fall in demand for geophysical services due to derail in investments into exploration of new assets in oil and gas, mining, water exploration, and agriculture.