The geophysical data sales global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Geophysical Data Sales Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The geophysical data sales market size has grown steadily in recent years. It will grow from $2.88 billion in 2023 to $2.97 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to energy sector demand, infrastructure projects, environmental studies, government investments, risk mitigation & disaster planning.
The geophysical data sales market size is expected to see steady growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%. The growth in the forecast period can be attributed to advanced data analytics, renewable energy expansion, remote sensing technologies, data monetization strategies, resilience planning & disaster management. Major trends in the forecast period include big data & cloud computing integration, geophysical data visualization technologies, climate-resilient infrastructure studies, integrated multi-sensor systems, uavs (unmanned aerial vehicles) in data sales.
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Scope Of Geophysical Data Sales Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Geophysical Data Sales Market Overview
Market Drivers –
Increased applications in oil and gas exploration activities in emerging countries due to the increasing demand from the oil and gas industry have contributed to the growth of the global geophysical data sales market. For instance, according to the U.S. Energy Information Administration, the global liquid fuels consumption is forecasted to rise by 1.4 million b/d in 2023 and by 1.8 million b/d in 2024. Thus, oil and gas exploration activities drove the demand for metals and minerals, which in turn propelled the revenues generated for the growth of the geophysical data sales market.
Market Trends –
The launch of seismic technology has created immense demand in the geophysical data sales market. Seismic technology is used by oil and gas researchers to map and interpret potential hydrocarbon reserves. But by adding the time dimension, 4D seismic technology shows how a reservoir will change over time. In April 2021, QuakeLogic and SignaGuard, launched seismic sensor-enabled with Edge AI, a structural health monitoring technology for earthquake-prone region. With its advanced IoT features, it is capable of automatically shutting down electrical lines based on seismic levels, triggering automated SMS/email alerts of damage, and uses an open-source technical platform to integrate algorithms from third parties.
The geophysical data sales market covered in this report is segmented –
1) By Technology: Seismic, Magnetic, Gravity, Electromagnetics, LIDAR, Ground Penetrating, Other Technologies
2) By Type: Aerial-based Survey, Land-based Survey
3) By Services: Data Processing, Data Interpretation, Data Acquisition
4) By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration
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Regional Insights –
North America was the largest region in the geophysical data sales market in 2023. Western Europe was the second largest region in the geophysical data sales market. The regions covered in the geophysical data sales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the geophysical data sales market include Dawson Geophysical Company, EON Geosciences Inc., Geotech Surveys Inc., TGS-NOPEC Geophysical Company ASA, Geophysical Survey Systems Inc., CGG SA, Fugro NV, Petroleum Geo-Services ASA, Phoenix Geophysics Limited, CSA Global Pty Ltd., Ramboll Group A/S, DMT GmbH & Co. KG, Schlumberger Limited, BGP Inc., Spectrum Geo Inc., Sea Geo Surveys Pte Ltd., ION Geophysical Corporation, Geoex Ltd., Polarcus Limited, Compagnie Générale de Géophysique SA, Halliburton Company, IG Seismic Services plc, Dolphin Geophysical Pte Ltd., COSL Geophysical (Cayman) Limited, SAExploration Holdings Inc., Royal Dutch Shell plc, Chevron Corporation, Phillips Petroleum Company, Geometrics Inc., Geonics Pvt Ltd.
Table of Contents
- Executive Summary
- Geophysical Data Sales Market Report Structure
- Geophysical Data Sales Market Trends And Strategies
- Geophysical Data Sales Market – Macro Economic Scenario
- Geophysical Data Sales Market Size And Growth
…..
- Geophysical Data Sales Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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