Global Geophysical Services Market to Reach $21.4 Billion by 2031 from $14.4 Billion in 2021

DUBLIN, Dec. 13, 2022 /PRNewswire/ -- The "Geophysical Services Market By Technology, By Type, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to  ResearchAndMarkets.com's offering.

The global geophysical services market size was valued at $14.4 billion in 2021, and projected to reach $21.4 billion by 2031, with a CAGR of 4.1% from 2022 to 2031.

Geophysical services use different technologies such as seismic, magnetic, gravity, electromagnetic, LiDAR, ground penetration, and others, which are used in various applications such as road, rail, port, airport, pipeline and others. They are also widely used in agriculture, environment, minerals & mining, oil & gas, water exploration, archaeological research and others.

The major factor that drives the development of geophysical services market is growth in exploration activities. Mineral exploration aims to discover deposits of minerals and rocks that can be used to meet the resource needs of society, which led to utilization of geophysical services. However, geohazards is one of the major challenges faced by the geophysical services market. Geohazards include earthquakes, landslides, collapse, debris flow, and others. Mining activities sometimes lead to earthquakes which may lead to loss of life and economy.

The global geophysical service market is segmented on the basis of technology, type, end use and region. On the basis of technology, it is segmented into seismic, magnetic, electromagnetic, gravity, LiDAR, and others. On the basis of type, the market is segmented into aerial based survey, marine based survey, and land based survey. Furthermore, aerial based survey is bifurcated into drone based and others. In addition, on the basis of end use, the global geophysical service market is segmented into minerals & mining, oil & gas, wind energy, water exploration, archaeological research and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe, and Asia-Pacific.

Due to rapid development of industrialisation, urbanization has led to the development of demand for manufacturing industries and power generation which led to the increase in the demand for coal and mineral metals. The presence of demand for coal and mineral metals has fuelled the demand for geophysical services in mining sector.

The presence of the demand for wind turbines due to an increase in the demand for green energy in developing countries is another factor driving the demand for geophysical services.

KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the geophysical services market analysis from 2021 to 2031 to identify the prevailing geophysical services market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the geophysical services market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global geophysical services market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments
By Technology

• Seismic
• Magnetic
• Electromagnetic
• Gravity
• LIDAR
• Others

By Type

• Aerial-based Survey
• Type
• Drone Based
• Others
• Marine-based Survey
• Land-based Survey

By End Use

• Minerals and Mining
• Oil and Gas
• Wind Energy
• Water Exploration
• Archaeological Research
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Rest Of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest Of Asia-Pacific
• LAMEA
• Brazil
• Saudi Arabia
• South Africa
• Rest Of LAMEA

Key Market Players

• Schlumberger Limited
• CGG
• Petroleum Geo-service
• TGS
• Shearwater Services
• Dawson Geophysical Company
• Fugro
• SGS SA
• EON Geosciences
• Ramboll Group A/S
• Getech
• NUVIA Dynamics Inc.
• Spectrum Geophysics
• Abitibi Geophysics
• Xcalibur Multiphysics

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: GEOPHYSICAL SERVICES MARKET, BY TECHNOLOGY

CHAPTER 5: GEOPHYSICAL SERVICES MARKET, BY TYPE

CHAPTER 6: GEOPHYSICAL SERVICES MARKET, BY END USE

CHAPTER 7: GEOPHYSICAL SERVICES MARKET, BY REGION

CHAPTER 8: COMPANY LANDSCAPE

CHAPTER 9: COMPANY PROFILES

For more information about this report visit https://www.researchandmarkets.com/r/2wpjsf

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SOURCE Research and Markets