Press release
Geophysical Services Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | BGP Inc., Polarcus Limited, Paradigm, EMGS ASA, GeoEx Ltd.
Geophysical Services Market Size
Geophysical Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $16.97 billion In 2028 At A CAGR Of 3.1% :
The geophysical services market size has grown steadily in recent years. It will grow from $14.55 billion in 2023 to $15.01 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to oil and gas exploration, mining sector growth, infrastructure development, environmental studies and remediation, seismic exploration advancements, geothermal energy development.
The geophysical services market size is expected to see steady growth in the next few years. It will grow to $16.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to growing renewable energy expansion, mining exploration demand, environmental impact studies, hydrocarbon exploration, geothermal and alternative energy sources. Major trends in the forecast period include climate change studies, urban infrastructure mapping, multi-disciplinary approach, remote sensing and satellite technology, big data analytics integration.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=3693&type=smp
Geophysical Services Market Major Segments
The geophysical services market covered in this report 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
Key Driver - Growing Exploration Activities Drive Expansion Of The Geophysical Services Market
Growing exploration activities are contributing to the growth of the geophysical services market. 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. According to the Australia Bureau of Statics, released in 2022, mineral exploration expenditure in and around known deposits was $3,054.9 million in the 2022 calendar year, which was a 21% increase from the previous year. In March 2022, as per Gold Mining Report of the World Gold Council, the gold mines production of India could rise to 20 tonnes per year from 1.6 tonnes in 2020. Total mine production in Australia rose by 3% y-o-y due to higher production at a few mines. Thus, the rise in production and exploration in different sectors by using geophysical devices is paving the way for the growth of the geophysical services market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=3693&type=smp
Prominent Trend - Revolutionizing Geophysical Surveys With Aerial Drones
Geophysical service providers are using drones to conduct 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 from the survey. In 2023, Mobile Geophysical Technologies (MGT) and GEM Systems launched several fixed-wing UAVs to fulfill the requirement of higher measurement accuracy in magnetic surveys.
Geophysical Services Market Players
Major companies operating in the geophysical services market report are BGP Inc., Schlumberger Limited, Halliburton Company, Geotech Surveys International Limited, Sea Geo Surveys Pvt. Ltd., COSL China Oilfield Services Limited, Ramboll Group A/S, CGG SA, Polarcus Limited, Paradigm, TGS Geophysical Company Limited, Sercel SA, Geokinetics Inc., Dawson Geophysical Services Inc., Phoenix Geophysics Ltd., EMGS ASA, Geophysical Survey Systems Inc., IG Seismic Services Ltd., SeaBird Exploration ASA, SA Exploration Holdings Inc., Fugro N.V., GeoEx Ltd., Geospace Technologies Corporation, DMT GmbH & Co. KG, ION Geophysical Corporation, New Resolution Geophysics Inc., Petroleum Geo-Services ASA, EON Geosciences Inc., IRIS Instruments, Dolphin Geophysical AS, Geophysics Ltd., Geophysical Research Company LLC
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/geophysical-services-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the geophysical services market in 2023. Western Europe was the second largest region in the global geophysical services market share. The regions covered in the geophysical services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Geophysical Services Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Geophysical Services Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | BGP Inc., Polarcus Limited, Paradigm, EMGS ASA, GeoEx Ltd. here
News-ID: 3513158 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Geo
Telecommunications Boom Fueling Growth In The GEO Satellite Market: Powering Inn …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the GEO Satellite Market Through 2025?
In the past few years, the GEO satellite market has displayed robust growth. Projections indicate that its size will increase from $17.24 billion in 2024 to $18.15 billion in 2025, implying a compound annual growth rate (CAGR)…
Commercial Geo Satellite Broadband Market Size Analysis by Application, Type, an …
According to Market Research Intellect, the global Commercial Geo Satellite Broadband market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The commercial GEO satellite broadband market is witnessing robust growth due to the rising demand for high-speed…
The GEO Group, Inc. (NYSE: GEO) Investor Alert: Update in Lawsuit
The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in shares of The GEO Group, Inc. (NYSE: GEO).
Investors who purchased shares of The GEO Group, Inc. (NYSE: GEO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On July 7, 2020, a lawsuit was filed against The GEO Group, Inc over alleged securities laws violations. The plaintiff…
Investigation announced for Long-Term Investors in shares of The GEO Group, Inc. …
Certain directors of The Geo Group, Inc are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in The GEO Group, Inc. (NYSE: GEO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: GEO stocks follows a lawsuit filed against The GEO Group,…
Deadline on September 7th upcoming in Lawsuit for Investors in The GEO Group, In …
A deadline is coming up on September 7, 2020 in the lawsuit filed for certain investors of The GEO Group, Inc. (NYSE: GEO) over alleged securities laws violations by The GEO Group, Inc. (NYSE: GEO).
Investors who purchased shares of The GEO Group, Inc. (NYSE: GEO) have certain options and there are strict and short deadlines running. Deadline: September 7, 2020. NYSE: GEO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
Lawsuit filed for Investors in shares of The GEO Group, Inc. (NYSE: GEO) over al …
An investor, who purchased shares of The GEO Group, Inc. (NYSE: GEO), filed a lawsuit over alleged violations of Federal Securities Laws by The GEO Group, Inc..
Investors who purchased shares of The GEO Group, Inc. (NYSE: GEO) have certain options and for certain investors are short and strict deadlines running. Deadline: September 7, 2020. NYSE: GEO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On…
