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Geophysical Services Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends
Geophysical Services Global Market
The Business Research Company's Geophysical Services Global Market Report 2023 identifies Growing exploration activities as the major driver for the Geophysical Services market's growth in the forecast period. Mineral exploration aims to discover deposits of minerals and rocks that can be used to meet the resource needs of society, which could be fulfilled by geophysical services.
The global geophysical services market size will grow from $14.15 billion in 2022 to $14.67 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global geophysical services is expected to grow to $16.41 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the Geophysical Services market are 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.
A key trend in the Geophysical Services market includes Geophysical service. 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 from the survey.
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The Geophysical Services market is segmented -
1) By Survey Type: Land, Marine, Aerial
2) By Technology: Seismic, Magnetic, Gravity, Electromagnetic, Lidar, Ground Penetrating, Other Technologies
3) By Application: Road, Rail, Port, Airport, Pipeline, Other Applications
4) By End User: Agriculture, Environment, Minerals and Mining, Oil and Gas, Water Exploration, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Geophysical Services market.
The Business Research Company's "Global Geophysical Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Geophysical Services Market Include:
1. Executive Summary
2. Geophysical Services Market Characteristics
3. Geophysical Services Market Trends And Strategies
4. Geophysical Services Market - Macro Economic Scenario
5. Geophysical Services Market Size And Growth
……
27. Geophysical Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Geophysical Services Market
29. Geophysical Services Market Future Outlook And Potential Analysis
30. Appendix
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