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Seismic Services Market Trends

Report ID: GMI6873
Published Date: Oct 2023
Report Format: PDF

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Seismic Services Industry Trends

The seismic services market is experiencing a robust growth in demand owing to a growing emphasis on sustainable practices and environmental considerations, driving demand for seismic services in environmental impact assessments and groundwater studies. The adoption of advanced technologies, including 3D and 4D seismic imaging, is enhancing the accuracy and scope of subsurface mapping, allowing for more informed decision-making in resource exploration and infrastructure projects. Furthermore, digitalization and data analytics are becoming increasingly integral to seismic data interpretation, facilitating quicker and more precise insights.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of seismic services was worth USD 8.1 billion in 2023 and is anticipated to exceed USD 14.1 billion by 2032, owing to the increasing global demand for energy resources, particularly in the oil and gas sector.

Seismic services market from the land-based survey type segment generated USD 1.2 billion revenue in 2022 and is estimated to record USD 1.7 billion by 2032, driven by the expansion of urban areas and infrastructure projects.

North America seismic services industry size is set to exhibit over 3% CAGR from 2023 and 2032, attributed to the presence of robust oil and gas industry, characterized by the ongoing exploration efforts and rising developments in shale gas extraction.

SLB, TGS, Halliburton, China Oilfield Services Limited, Weatherford, Dawson Geophysical Company, Paradigm Group B.V., EGS (International) Ltd., Ramboll Group A/S, NUVIA Dynamics Inc., and Spectrum Geophysics.