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13 Jun, 2022, 12:30 BST
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ALBANY, N.Y., June 13, 2022 /PRNewswire/ — Analysts at TMR estimate the geophysical services market to touch a valuation of US$ 30 Bn by 2031. Geophysical survey can accurately measure natural resources deposited underground to enable governments and energy companies undertake proper planning for utilization of available resources. Geophysical survey helps attain considerable time and financial savings as compared to other conventional methods such as soil testing and borehole logging.
The geophysical services market is fragmented with presence of several small and large-scale service providers. Leading players in the geophysical services market are adopting new technologies and strategies with comprehensive R&D to develop geophysical data for multiple clients, undergoing M&As, and diversifying product portfolio. For instance, some recent developments in the geophysical services market include deals bagged by Shearwater Geoservices for 3D seismic survey for Korea National Oil Corporation and seismic imaging project awarded to CGG by PXGEO in Brazil.
North America is a key region in the geophysical services market, and is anticipated to continue to remain attractive during the forecast period. Increasing investments by governments and public and private companies in the exploration of hydrocarbons and increasing mining activities fuels the growth of geophysical services market in the region.
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Geophysical Services Market – Key Findings of the Report
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Geophysical Services Market – Growth Drivers
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Geophysical Services Market
Some of the key players operating in the geophysical services market are;
The geophysical services market is segmented as follows;
Geophysical Services Market, by Technology
Geophysical Services Market, by Type
Geophysical Services Market, by End-use
Geophysical Services Market, by Region
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