Global Geophysical Data Collection Market Size, Forecasts, And Opportunities
Learn about the global geophysical data collection market through The Business Research Company, which provides information on geophysical data collection market size, geophysical data collection market drivers and restraints, geophysical data collection market players, the COVID-19 impact on the geophysical data collection market, and more.
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The global geophysical data collection market is expected to grow from $6.61 billion in 2021 to $6.84 billion in 2022 at a compound annual growth rate (CAGR) of 3.4%. The growth in the geophysical data collection market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The geophysical data collection market is expected to reach $7.35 billion in 2026 at a CAGR of 1.8%.
The rise in need for better understanding of reservoirs in production, and design tasks to meet the world’s current and future energy needs are expected to drive innovation in geophysical data collection manufacturing, thus driving the market during the forecast period.
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The geophysical data collection market consists of the sales of geophysical data collection services and related goods by entities (organizations, sole traders and partnerships) that locate and measure the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. Only goods and services traded between entities or sold to end consumers are included.
Global Geophysical Data Collection Market Segments Include:
By Service: Data Acquisition, Data Processing, Interpretation
By Technology: 2D Imaging, 3D Imaging, 4D Imaging
By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Technology collaborations is a key trend in geophysical data acquisition. Technology collaborations are becoming necessary to keep pace with digital transformations. Artificial intelligence and machine learning methods are being deployed and accepted in geophysical services.
TBRC’s geophysical data collection market report covers:
Major Market Players: Compagnie Generale De Geophysique (CGG), TGS-NOPEC Geophysical, Dawson Geophysical, Geotech, Geophysical Survey Systems, ION Geophysical Corporation, Phoenix Geophysics, Schlumberger – Westerngeco, Petroleum Geo-Services and CSA Global.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Geophysical Data Collection Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides geophysical data collection market overviews, analyses and forecasts market size, share, geophysical data collection market players, geophysical data collection market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s geophysical data collection market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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