The Business Research Company’s report goes into great detail on the geophysical services market size and growth, geophysical services market regional analysis, geophysical services market competitive landscape, and other critical information needed to excel in the geophysical services industry.

Major players in the geophysical services market include Schlumberger, TGS Geophysical Company (UK) Ltd, CGG Geoscience company, Ion Geophysical, Polarcus Ltd, Geokinetics, Halliburton Company, Dawson Geophysical Services, EON Geosciences Inc., Geophysical Survey Systems Inc., Phoenix Geophysics, Sea Geo Surveys Pvt Ltd., Spectrum Geophysics, Geotech Survey, P.G.S., BGP Inc., Fugro, SA Exploration, Seabird Exploration, EMGS, Geospace Technologies, COSL-China Oilfield Services Limited, New Resolution Geophysics (NRG), Paradigm, Ramboll Group AS, Sercel SA, IRIS Instruments, DMT Gmbh and Co.KG., Petroleum Geo Services, Geoex Ltd and IG Seismic Services.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global geophysical services market is expected to grow from $12.80 billion in 2021 to $13.39 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The growth in the geophysical services 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 services market is expected to reach $15.14 billion in 2026 at a CAGR of 3.1%.

The geophysical services market consists of the sales of geophysical 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.

Growing exploration activities is contributing to the growth of the geophysical services market. 

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Geophysical service providers are using drones for conducting aerial geophysical surveys. Estimating the variety of key physical or geochemical boundaries of the earth by means of air is conducted through aerial/airborne geophysical surveying. Drones used for surveying are equipped with a magnetometer and other sensors such as electromagnetic, gamma-ray, spectrometry, magnetic, and gravity to get clear and productive results of the survey.

TBRC’s global geophysical services market report is segmented:
By Survey Type: Land, Marine, Aerial

By Technology: Seismic, Magnetic, Gravity, Electromagnetic, Lidar, Ground Penetrating, Others

By Application: Road, Rail, Port, Airport, Pipeline, Others

By End User: Agriculture, Environment, Minerals And Mining, Oil And Gas, Water Exploration, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Geophysical Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the geophysical services market globally and regionally, analyzes and forecasts market size, share, geophysical services market players, geophysical services market segments, leading competitor revenues, profiles and market shares.

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