Summary

Geophysical Service Market Size, Share, and Analysis, By Technology (Seismic, Magnetic, Electromagnetic, Gradiometry, Gravity, Borehole logging, and Others), By Survey Type (Land-based, Marine-based, and Aerial-based), By End-User (Oil & Gas, Mining, Agriculture, Water Exploration, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Geophysical Service Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 12.9 billion and is projected to reach USD 22.4 billion by the completion of 2034.
Geophysical services refers to diverse methods which are used to study the subsurface characteristics of Earth. These methods involves concepts from physics, mathematics, and geology to examine fluctuations in gravitational, magnetic, electrical, and seismic fields. Geophysicists gather data by using specialized devices such as seismographs, gravimeters, magnetometers, and resistivity meters. They use accurate interpretation of these observations to collect significant insights into underground phenomena like mineral deposits, groundwater reservoirs, oil and gas reserves, fault lines, and geological structures. Moreover, geophysical services are used across many industries, including engineering projects, mineral prospecting, environmental assessment, and natural hazard assessment. These services help to advance science and encourage sustainable development by improving decision-making and enabling resource management. Consequently, geophysical surveys improve our awareness of subsurface resources and promote responsible use and effective risk management measures.

MARKET HIGHLIGHTS
Geophysical Service Market is projected to reach USD 22.4 billion over the forecast period, owing to the increasing demand from sectors including oil & gas exploration, mineral prospecting, and infrastructure development. Geophysical services play a crucial role in precisely mapping and evaluating subsurface characteristics, which aid in the identification of underground resources and geological hazards. Additionally, technological improvements, particularly in AI and data analytics, are improving the efficiency and accuracy of geophysical surveys. The growing focus on renewable energy sources such as geothermal and offshore wind presents fresh opportunities for service providers. Furthermore, despite regulatory challenges and environmental issues surrounding exploratory activities, the geophysical service market is expected to grow steadily. This growth trajectory is attributed to the evolving industrial needs and constant technology innovations, which assures the relevance and importance of geophysical services in various sectors around the world.

Geophysical Service Market Segments:

• By Technology
o Seismic
o Magnetic
o Electromagnetic
o Gradiometry
o Gravity
o Borehole logging
o Others
• By Survey Type
o Land-based
o Marine-based
o Aerial-based
• By End-User
o Oil & Gas
o Mining
o Agriculture
o Water Exploration
o Others
MARKET DYNAMICS
Growth Drivers
Improvements in Technology will Generate Growth Opportunities
Higher Demand for Natural Resources will Cause Market Expansion
Restraint
Regulatory Constraints can Hinder Industry Growth

Key Players
• Baker Hughes
• Fugro
• Schlumberger
• Halliburton
• CGG (Compagnie Générale de Géophysique)
• Geokinetics
• ION Geophysical Corporation
• TGS (TGS-NOPEC Geophysical Company)
• PGS (Petroleum Geo-Services)
• WesternGeco
• SAExploration Holdings, Inc.
• Polarcus
• Shearwater GeoServices
• BGP Inc.
• Spectrum Geo Inc.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Geophysical Service Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Geophysical Service Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Geophysical Service Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Geophysical Service Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Geophysical Service Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Technology
11.3.1.1. Seismic
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Magnetic
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Elctromagnetic
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Gradiometry
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Gravity
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.6.Borehole Logging
11.3.1.6.1.By Value (USD Million) 2024-2034F
11.3.1.6.2. Market Share (%) 2024-2034F
11.3.1.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.7.Others
11.3.1.7.1.By Value (USD Million) 2024-2034F
11.3.1.7.2. Market Share (%) 2024-2034F
11.3.1.7.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Survey Type
11.3.2.1.Land-Based
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Marine-Based
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Aerial-Based
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By End-User
11.3.3.1.Oil & Gas
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Mining
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Agriculture
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Water Exploration
11.3.3.4.1. By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Others
11.3.3.5.1. By Value (USD Million) 2024-2034F
11.3.3.5.2.Market Share (%) 2024-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
12. North America Geophysical Service Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Technology
12.3.2.By Survey Type
12.3.3.By End-User
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Geophysical Service Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Technology
13.3.2.By Survey Type
13.3.3.By End-User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Geophysical Service Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Technology
14.3.2.By Survey Type
14.3.3.By End-User
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Geophysical Service Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Technology
15.3.2.By Survey Type
15.3.3.By End-User
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Geophysical Service Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Technology
16.3.2.By Survey Type
16.3.3.By End-User
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Schlumberger
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Halliburton
18.3.Baker Hughes
18.4. Fugro
18.5.CGG (Compagnie Générale de Géophysique)
18.6.Geokinetics
18.7.ION Geophysical Corporation
18.8. TGS (TGS-NOPEC Geophysical Company)
18.9.PGS (Petroleum Geo-Services)
18.10. WesternGeco
18.11. SAExploration Holdings, Inc.
18.12. Polarcus
18.13. Shearwater GeoServices
18.14. BGP Inc.
18.15. Spectrum Geo Inc.
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation