Seismic Survey Equipment Market Size, Share & Trends

The Seismic Survey Global Market Report 2023, provides comprehensive information on the seismic survey market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Seismic Survey Global Market Report 2023, the global seismic survey market is expected to grow from $8.78 billion in 2022 to $9.35 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The seismic survey market is expected to reach $11.56 billion in 2027 at a CAGR of 5.4%.

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Advancement in seismic technologies is a key trend gaining popularity in the seismic survey market. Major players operating in the seismic survey market are developing innovative seismic survey technologies to sustain their position in the market. For instance, in October 2021, Shearwater GeoServices, a Norway-based company that creates and develops new technologies for seismic surveys, launched Harmony, a new seismic source technology for marine surveys. This innovative technology is designed to provide enhanced subsurface characterization for marine surveys. The new Harmony technology delivers seismic surveys with increased low frequencies, allowing for better judgments in development, exploration, carbon capture, and monitoring applications. It enables deeper seismic image processing, more accurate representations of the earth’s subsurface, and more exact calculations of reservoir parameters for 3D and 4D applications. Shearwater intends to make Harmony widely accessible by utilizing its massive fleet of vessels to enable clients in various locations to get acquainted with and use this technology.

The seismic survey market is segmented:

1) By Type: Reflection, Refraction, Surface-Wave

2) By Service Type: Data Interpretation, Data Processing, Data Acquisition

3) By Deployment: Offshore, Onshore

4) By Technology: 2D Imaging, 3D Imaging, 4D Imaging

5) By Application: Oil And Gas, Geological Exploration, Mining, Other Applications

North America was the largest region in the seismic survey market in 2022.

The table of contents in TBRC’s seismic survey market report includes:

1. Executive Summary
2. Seismic Survey Market Characteristics
3. Seismic Survey Market Trends And Strategies
4. Seismic Survey Market – Macro Economic Scenario
5. Global Seismic Survey Market Size and Growth

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32. Global Seismic Survey Market Competitive Benchmarking
33. Global Seismic Survey Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Seismic Survey Market
35. Seismic Survey Market Future Outlook and Potential Analysis
36. Appendix

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