Report Description

The Global Geophysical Equipment Market is anticipated to grow robustly in the forecast period 2024-2028. The market for geophysical equipment is expanding due to numerous factors, including  rise in oil and gas consumption and the expansion of oil exploration in developing nations. The market for geophysical equipment is also benefiting from the growth of environmental geophysics applications. The systematic gathering of geophysical data for geographical investigations is known as a geophysical survey. The core of geophysical signal processing is detecting and analyzing geophysical signals. The underlying structure of the Earth and its seismic activity may be inferred from the magnetic and gravitational fields that emanate from it.

Consequently, detecting and analyzing electric and magnetic fields is extremely important. Both industry and academic studies employ geophysical surveys. Magnetometers, gravitational wave sensors, and other sensing devices can detect changes in gravitational and magnetic fields.

Rapid Expansion of Several On- And Offshore Deep-Sea Mineral Exploration Projects

The oil and gas industry has begun using digital technology with an emphasis on enhancing safety, production potential, and operational efficiency at oil fields. Additionally, many companies are using digital and commercial technology sparingly, which is expected to assist this market to grow., For instance, the Ministry of Earth Sciences (MoES) of the Indian government's proposal, which is anticipated to cost around USD490 million over five years, was authorised by the Cabinet Committee on Economic Affairs (CCEA), which was led by Prime Minister Narendra Modi.

The need for geophysical data has increased due to causes including fast urbanization and an increase in commercial infrastructure construction, increasing the need for reliable and effective geophysical-based machinery and associated services.

Additionally, the rapid expansion of several on- and offshore deep-sea mineral exploration projects continues to fuel the geophysical equipment market's development. As a result, the market is anticipated to provide several geophysical equipment and service providers with very lucrative business growth potential over the forecast period.


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Rising Demand for Seismic Surveys and Development of Geophysical Techniques in the Global Market

The demand for seismic surveys is rising quickly for mining, hydraulic fracturing, waste injection, subsurface gas storage, and reservoir life monitoring. Additionally, seismic techniques and equipment are frequently employed in redevelopment projects and shale gas exploration operations. It provides a better and more accurate image of the surface of the planet, assisting oil and gas producers in making choices regarding investments in new oil and gas deposits.

The market participants are investing in technology advances like IoT, cloud computing, and AR/VR to meet the rising demand for geophysical surveys and to reduce the total cost without compromising efficiency. The geophysical industry uses cloud computing technologies to save data center hardware costs and improve demand scalability.

A sustainable energy future is currently a key player's emphasis due to the development of new geophysical techniques, quick data processing and analysis, and support for real-time decision and execution. For instance, CGG released the GeoSoftware 11.0 edition of their comprehensive reservoir characterization and petrophysical interpretation software solutions on June 8, 2021. The software solution makes more use of improved machine learning capabilities, such as WellGen, a brand-new Hampson Russell program that enables deep learning marine combining geology and geophysical interpretations.

Strict Rules of Government Restraining Oil and Gas Production

The governments of several countries have declared strict rules for oil and gas exploration & production operations to maintain environmental sustainability and the health of site workers. Due to shifts in the oil and gas sector and governmental ecological protection regulations, market participants in the global geophysical equipment market are anticipated to experience operating losses.

Market Segmentation

The Global Geophysical Equipment Market is segmented based on equipment type, end user, service type, survey. Based on equipment type, the market is divided into electrical resistivity, electromagnetic, seismic, and others. Based on end user, market is divided into mining, oil & gas exploration, geothermal exploration, groundwater exploration, others. Based on Service Type, the market is segmented into multi-client data acquisition, contractual data acquisition, and image processing. Based on survey, the market is segmented into land-based, marine-based, aerial-based.

Market player

Major players operating in the Global Geophysical Equipment Market include Phoenix Geophysics, IRIS Instruments, Geotech Ltd, Sercel SA, CSA Global, Ramboll Group A/S, DMT, Dawson Geophysical, Inc, Geoex Ltd, Schlumberger Limited, BGP Inc.

Recent Developments

  • The United States is currently the world's top producer of both oil and gas thanks to a dramatic increase in production over the last 15 years.
  • Deloitte latest report said that, U.S. upstream oil businesses anticipate a 68% rise in free cash flow per barrel in 2022 despite output growth being stagnant at 4.5% year to date.
  • In Dubai: On December 2022 announced, the government-owned oil and gas firm of Abu Dhabi reported the finding of 1.5 to 2 trillion standard cubic feet of gas in an offshore region to the northwest of the emirate.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023E – 2028F

Report coverage

Revenue forecast, Company Share, growth factors, and trends

Segments covered

 Equipment Type

End user

Service type

Survey

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Phoenix Geophysics, IRIS Instruments, Geotech Ltd, Sercel SA, CSA Global, Ramboll Group A/S, DMT, Dawson Geophysical, Inc, Geoex Ltd, Schlumberger Limited, BGP Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, Global Geophysical Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Geophysical Equipment Market, By Equipment Type:

o  Electrical Resistivity

o  Electromagnetic

o  Seismic

o  Others

Geophysical Equipment Market, By End-User:

o  Mining

o  Oil & Gas Exploration

o  Geothermal Exploration

o  Groundwater Exploration

o  Others

Geophysical Equipment Market, By Service Type:

o  Multi-client Data Acquisition

o  Contractual Data Acquisition

o  Image Processing

Geophysical Equipment Market, By Survey:

o  Land-based

o  Marine-based

o  Aerial Based

Geophysical Equipment Market, By Region:

o  North America

  • United States
  • Mexico
  • Canada

o   Asia-Pacific

  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malayasia
  • China
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Denmark

o   South America

  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile

o   Middle East

  • South Arabia
  • South Africa
  • UAE
  • Iraq
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Geophysical Equipment Market

Available Customizations:

Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Geophysical Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Geophysical Equipment Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Factors considered while selecting a supplier

5.2.  Challenges/issues faced post purchase

5.3.  Major Challenges Faced

5.4.  Technological Awareness

5.5.  Unmet needs

6.    Global Geophysical Equipment Market Outlook

6.1.  Market Size & Forecast

6.1.1.                By Value

6.2.  Market Share & Forecast

6.2.1.                By Equipment Type (Electrical Resistivity, Electromagnetic, Seismic, Others)

6.2.2.                By End User (Mining, Oil & Gas Exploration, Geothermal Exploration, Groundwater Exploration, Others)

6.2.3.                By Service Type (Multi-client Data Acquisition, Contractual Data Acquisition, and Image Processing)

6.2.4.                By Survey (Land-based, Marine-based, Aerial-based)

6.2.5.                By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)

6.2.6.                By Region

6.2.7.                By Company

6.3.  Market Map

7.    North America Geophysical Equipment Market Outlook

7.1.  Market Size & Forecast

7.1.1.                By Value

7.2.  Market Share & Forecast

7.2.1.                By Equipment Type

7.2.2.                By End User

7.2.3.                By Service Type

7.2.4.                By Survey

7.2.5.                By Country

7.3.  North America: Country Analysis

7.3.1.                United States Geophysical Equipment Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Equipment Type

7.3.1.2.2.           By End User

7.3.1.2.3.           By Service Type

7.3.1.2.4.           By Survey

7.3.1.3.        Canada Geophysical Equipment Market Outlook

7.3.1.4.        Market Size & Forecast

7.3.1.4.1.           By Value 

7.3.1.5.        Market Share & Forecast

7.3.1.5.1.           By Equipment Type

7.3.1.5.2.           By End User

7.3.1.5.3.           By Service Type

7.3.1.5.4.           By Survey

7.3.1.6.        Mexico Geophysical Equipment Market Outlook

7.3.1.7.        Market Size & Forecast

7.3.1.7.1.           By Value 

7.3.1.8.        Market Share & Forecast

7.3.1.8.1.           By Equipment Type

7.3.1.8.2.           By End User

7.3.1.8.3.           By Service Type

7.3.1.8.4.           By Survey

8.    Asia-Pacific Geophysical Equipment Market Outlook

8.1.  Market Size & Forecast

8.1.1.                By Value

8.2.  Market Share & Forecast

8.2.1.                By Equipment Type

8.2.2.                By End User

8.2.3.                By Service Type

8.2.4.                By Survey

8.2.5.                By Country

8.3.  Asia-Pacific: Country Analysis

8.4.  China Geophysical Equipment Market Outlook

8.5.  Market Size & Forecast

8.5.1.1.1.           By Value 

8.5.1.2.        Market Share & Forecast

8.5.1.2.1.           By Equipment Type

8.5.1.2.2.           By End User

8.5.1.2.3.           By Service Type

8.5.1.2.4.           By Survey

8.5.2.                India Geophysical Equipment Market Outlook

8.5.2.1.        Market Size & Forecast

8.5.2.1.1.           By Value 

8.5.2.2.        Market Share & Forecast

8.5.2.2.1.           By Equipment Type

8.5.2.2.2.           By End User

8.5.2.2.3.           By Service Type

8.5.2.2.4.           By Survey

8.5.3.                Japan Geophysical Equipment Market Outlook

8.5.3.1.        Market Size & Forecast

8.5.3.1.1.           By Value 

8.5.3.2.        Market Share & Forecast

8.5.3.2.1.           By Equipment Type

8.5.3.2.2.           By End User

8.5.3.2.3.           By Service Type

8.5.3.2.4.           By Survey

8.5.4.                South Korea Geophysical Equipment Market Outlook

8.5.4.1.        Market Size & Forecast

8.5.4.1.1.           By Value 

8.5.4.2.        Market Share & Forecast

8.5.4.2.1.           By Equipment Type

8.5.4.2.2.           By End User

8.5.4.2.3.           By Service Type

8.5.4.2.4.           By Survey

8.5.5.                Australia Digital Geophysical Equipment Market Outlook

8.5.5.1.        Market Size & Forecast

8.5.5.1.1.           By Value 

8.5.5.2.        Market Share & Forecast

8.5.5.2.1.           By Equipment Type

8.5.5.2.2.           By End User

8.5.5.2.3.           By Service Type

8.5.5.2.4.           By Survey

8.5.6.                Singapore Geophysical Equipment Market Outlook

8.5.6.1.        Market Size & Forecast

8.5.6.1.1.           By Value 

8.5.6.2.        Market Share & Forecast

8.5.6.2.1.           By Equipment Type

8.5.6.2.2.           By End User

8.5.6.2.3.           By Service Type

8.5.6.2.4.           By Survey

8.5.7.                Malaysia Geophysical Equipment Market Outlook

8.5.7.1.        Market Size & Forecast

8.5.7.1.1.           By Value 

8.5.7.2.        Market Share & Forecast

8.5.7.2.1.           By Equipment Type

8.5.7.2.2.           By End User

8.5.7.2.3.           By Service Type

8.5.7.2.4.           By Survey

9.    Europe Geophysical Equipment Market Outlook

9.1.  Market Size & Forecast

9.1.1.                By Value

9.2.  Market Share & Forecast

9.2.1.                By Equipment Type

9.2.2.                By End User

9.2.3.                By Service Type

9.2.4.                By Survey

9.2.5.                By Country

9.3.  Europe: Country Analysis

9.3.1.                Germany Geophysical Equipment Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Equipment Type

9.3.1.2.2.           By End User

9.3.1.2.3.           By Service Type

9.3.1.2.4.           By Survey

9.3.2.                United Kingdom Geophysical Equipment Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Equipment Type

9.3.2.2.2.           By End User

9.3.2.2.3.           By Service Type

9.3.2.2.4.           By Survey

9.3.3.                France Geophysical Equipment Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Equipment Type

9.3.3.2.2.           By End User

9.3.3.2.3.           By Service Type

9.3.3.2.4.           By Survey

9.3.4.                Russia Geophysical Equipment Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Equipment Type

9.3.4.2.2.           By End User

9.3.4.2.3.           By Service Type

9.3.4.2.4.           By Survey

9.3.5.                Spain Geophysical Equipment Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Equipment Type

9.3.5.2.2.           By End User

9.3.5.2.3.           By Service Type

9.3.5.2.4.           By Survey

9.3.6.                Poland Geophysical Equipment Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Equipment Type

9.3.6.2.2.           By End User

9.3.6.2.3.           By Service Type

9.3.6.2.4.           By Survey

9.3.7.                Italy Geophysical Equipment Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Equipment Type

9.3.7.2.2.           By End User

9.3.7.2.3.           By Service Type

9.3.7.2.4.           By Survey

9.3.8.                Denmark Geophysical Equipment Market Outlook

9.3.8.1.        Market Size & Forecast

9.3.8.1.1.           By Value 

9.3.8.2.        Market Share & Forecast

9.3.8.2.1.           By Equipment Type

9.3.8.2.2.           By End User

9.3.8.2.3.           By Service Type

9.3.8.2.4.           By Survey

9.4.  South America: Country Analysis

10.  South America Geophysical Equipment Market Outlook

10.1.1.1.     Market Size & Forecast

10.1.1.1.1.         By Value 

10.1.1.2.     Market Share & Forecast

10.1.1.2.1.         By Equipment Type

10.1.1.2.2.         By End User

10.1.1.2.3.         By Service Type

10.1.1.2.4.         By Survey

10.1.2.             Brazil Geophysical Equipment Market Outlook

10.1.2.1.     Market Size & Forecast

10.1.2.1.1.         By Value 

10.1.2.2.     Market Share & Forecast

10.1.2.2.1.         By Equipment Type

10.1.2.2.2.         By End User

10.1.2.2.3.         By Service Type

10.1.2.2.4.         By Survey

10.1.3.             Argentina Geophysical Equipment Market Outlook

10.1.3.1.     Market Size & Forecast

10.1.3.1.1.         By Value 

10.1.3.2.     Market Share & Forecast

10.1.3.2.1.         By Equipment Type

10.1.3.2.2.         By End User

10.1.3.2.3.         By Service Type

10.1.3.2.4.         By Survey

10.1.4.             Colombia Geophysical Equipment Market Outlook

10.1.4.1.     Market Size & Forecast

10.1.4.1.1.         By Value 

10.1.4.2.     Market Share & Forecast

10.1.4.2.1.         By Equipment Type

10.1.4.2.2.         By End User

10.1.4.2.3.         By Service Type

10.1.4.2.4.         By Survey

10.1.5.             Peru Geophysical Equipment Market Outlook

10.1.5.1.     Market Size & Forecast

10.1.5.1.1.         By Value 

10.1.5.2.     Market Share & Forecast

10.1.5.2.1.         By Equipment Type

10.1.5.2.2.         By End User

10.1.5.2.3.         By Service Type

10.1.5.2.4.         By Survey

10.1.6.             Chile Geophysical Equipment Market Outlook

10.1.6.1.     Market Size & Forecast

10.1.6.1.1.         By Value 

10.1.6.2.     Market Share & Forecast

10.1.6.2.1.         By Equipment Type

10.1.6.2.2.         By End User

10.1.6.2.3.         By Service Type

10.1.6.2.4.         By Survey

11.  Middle East & Africa Geophysical Equipment Market Outlook

11.1.   Market Size & Forecast

11.1.1.             By Value

11.2.   Market Share & Forecast

11.2.1.             By Equipment Type

11.2.2.             By End User

11.2.3.             By Service Type

11.2.4.             By Survey

11.2.5.             By Country

11.3.   Middle East & Africa: Country Analysis

11.3.1.             Saudi Arabia Geophysical Equipment Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Equipment Type

11.3.1.2.2.         By End User

11.3.1.2.3.         By Service Type

11.3.1.2.4.         By Survey

11.3.2.             South Africa Geophysical Equipment Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Equipment Type

11.3.2.2.2.         By End User

11.3.2.2.3.         By Service Type

11.3.2.2.4.         By Survey

11.3.3.             UAE Geophysical Equipment Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Equipment Type

11.3.3.2.2.         By End User

11.3.3.2.3.         By Service Type

11.3.3.2.4.         By Survey

11.3.4.             Israel Geophysical Equipment Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Equipment Type

11.3.4.2.2.         By End User

11.3.4.2.3.         By Service Type

11.3.4.2.4.         By Survey

11.3.5.             Turkey Geophysical Equipment Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Equipment Type

11.3.5.2.2.         By End User

11.3.5.2.3.         By Service Type

11.3.5.2.4.         By Survey

12.  Market Dynamics

12.1.   Drivers

12.2.   Challenges

13.  Market Trends & Developments

14.  Company Profiles

14.1.   Phoenix Geophysics

14.1.1.             Business Overview

14.1.2.             Key Revenue and Financials

14.1.3.             Recent Developments

14.1.4.             Key Personnel

14.1.5.             Key Product/Services

14.1.6.             SWOT Analysis

14.2.             IRIS Instruments

14.2.1.             Business Overview

14.2.2.             Key Revenue and Financials

14.2.3.             Recent Developments

14.2.4.             Key Personnel

14.2.5.             Key Product/Services

14.2.6.             SWOT Analysis

14.3.   Sercel SA

14.3.1.             Business Overview

14.3.2.             Key Revenue and Financials

14.3.3.             Recent Developments

14.3.4.             Key Personnel

14.3.5.             Key Product/Services

14.3.6.             SWOT Analysis

14.4.   Geotech Ltd.

14.4.1.             Business Overview

14.4.2.             Key Revenue and Financials

14.4.3.             Recent Developments

14.4.4.             Key Personnel

14.4.5.             Key Product/Services

14.4.6.             SWOT Analysis

14.5.   Ramboll Group A/S

14.5.1.             Business Overview

14.5.2.             Key Revenue and Financials

14.5.3.             Recent Developments

14.5.4.             Key Personnel

14.5.5.             Key Product/Services

14.5.6.             SWOT Analysis

14.6.   CSA Global

14.6.1.             Business Overview

14.6.2.             Key Revenue and Financials

14.6.3.             Recent Developments

14.6.4.             Key Personnel

14.6.5.             Key Product/Services

14.6.6.             SWOT Analysis 

14.7.   DMT

14.7.1.             Business Overview

14.7.2.             Key Revenue and Financials

14.7.3.             Recent Developments

14.7.4.             Key Personnel

14.7.5.             Key Product/Services

14.7.6.             SWOT Analysis

14.8.   Dawson Geophysical, Inc.

14.8.1.             Business Overview

14.8.2.             Key Revenue and Financials

14.8.3.             Recent Developments

14.8.4.             Key Personnel

14.8.5.             Key Product/Services

14.8.6.             SWOT Analysis

14.9.   Geoex Ltd

14.9.1.             Business Overview

14.9.2.             Key Revenue and Financials

14.9.3.             Recent Developments

14.9.4.             Key Personnel

14.9.5.             Key Product/Services

14.9.6.             SWOT Analysis

14.10.Schlumberger Limited

14.10.1.          Business Overview

14.10.2.          Key Revenue and Financials

14.10.3.          Recent Developments

14.10.4.          Key Personnel

14.10.5.          Key Product/Services

14.10.6.          SWOT Analysis

14.11.          BGP Inc.

14.11.1.          Business Overview

14.11.2.          Key Revenue and Financials

14.11.3.          Recent Developments

14.11.4.          Key Personnel

14.11.5.          Key Product/Services

14.11.6.          SWOT Analysis

15.  Strategic Recommendations

15.1.   Key focus on latest technology

15.2.   Major focus on north America region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The two primary categories of geophysical devices used to map the Earth's crust and locate earthquakes are seismographs and magnetometers. Equipment used in geophysics, known as a seismograph, measures and logs the Earth's motions' strength, direction, and duration.

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Both commercial and scholarly studies employ geophysical surveys. Magnetic and gravitational field fluctuations are picked up by detecting devices like magnetometers, gravitational wave sensors, and gravimeters.

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Information on the physical characteristics of the Earth's surface and subsurface is provided through geophysical data. Geophysical information may be used to find natural resources like hydrocarbons, minerals, aggregate, and others.

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Several surface geophysical exploration techniques include magnetic, gravity, seismic refraction, seismic reflection, electrical resistivity, natural potential, and ground penetrating radar.

profile

Parvati Sharma

Account Manager BD
Press Release

Geophysical Equipment Market to be Led by Seismic Technology Segment Through 2028

Jan, 2023

Growing demand for oil/gas and the development of geophysical techniques are the factors propelling the Global Geophysical Equipment Market in the forecast period