Global Geophysical Services Market

Global Geophysical Services Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Geophysical Services Market Dynamics

As part of the transition to low carbon economy, the world has witnessed a remarkable growth in renewable energy technologies, which accounted for more than 15% of the global energy consumption. Solar, wind, energy storage system, and lithium-ion battery are expected to witness a high growth due to the increasing adoption in a carbon-constrained environment, resulting in huge demand for wide range of minerals and metals. As a result, the demand for geophysical services are expected to be driven by increasing renewable energy capacity.
Global Geophysical Services MarketSegment Analysis

Land-based geophysical services play a vital role in exploration and extraction of various minerals. These services also helps to understand geophysical conditions of the ground surface and sub-surface. However, drones are expected to replace fixed-wing aircraft and helicopters in aerial-based geophysical surveys in the near future.

The global geophysical services market for mineral & mining industry is highly consolidated. Large numbers of geophysical survey-based data acquisition companies operate in the global geophysical services market for mineral & mining industry. Players that dominate the market account for significant market share. This leads to intense competition. Design, technology, and engineering of systems are key differentiating factors for different players. Scale of operations, range of data network, and capability to analyze and offer feasible solutions determine profitability and market share of players.
Global Geophysical Services Market Regional insights

In terms of region, North America dominated the global geophysical services market for mineral & mining industry in 2019. The U.S. dominates the geophysical services market for mineral & mining in North America, led by the high number of geophysical survey activities in areas such as basins of Oakland, Houston, Seattle, Florida, New York, and Philadelphia. Canada is one of the largest exporters of minerals and metals in the world. It supplies approximately 60 mineral commodities to more than 100 countries across the globe. North America and Asia Pacific are expected to be lucrative regions for geophysical service in the near future. Rise in mineral exploration activities is driving the demand for geophysical services in North America. Asia Pacific is likely to be a highly attractive region for geophysical services owing to the increase in demand for mineral excavation to meet the needs of the rising population.

Although the industry is currently in challenging times, the demand for these products and energy is not going away, and fossil fuels will dominate the energy supply for decades, requiring the ability to explore and develop resources that are currently out of reach. Critical resource plays are moving farther offshore and into more complex onshore formations.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, service, components, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the geophysical services market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Geophysical Services Market, Key Highlights:

• Global Geophysical Services Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Geophysical Services Market
• Global Geophysical Services Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Geophysical Services Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Geophysical Services Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Geophysical Services Market are also profiled.

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Scope of Global Geophysical Services Market

Global Geophysical Services Market, By Technology

• Magnetic
• Gradiometry
• Gravity
• Electromagnetic
• Hyperspectral
• Ground Penetrating Radar
• Resistivity
• Seismic
Global Geophysical Services Market, by Type

• Aerial based Survey
• Land based Survey
Global Geophysical Services Market, by End User

• Oil and Gas
• Minerals and Mining
• Agriculture
• Water Exploration
Global Geophysical Services Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Geophysical Services Market Key players

• EON Geosciences
• Dawson Geophysical Inc
• Geotech Surveys
• Phoenix Geophysics
• Geophysical Survey Systems, Inc.
• SA Global
• Ramboll Group A/S
• Schlumberger Limited, BGP Inc.
• TGS-NOPEC Geophysical Company L.P.
• Spectrum Geo Inc.
• Sea Geo Surveys Pvt Ltd
• ION Geophysical Corporation


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