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Geophysical Data Sales Global Market Report 2024 - By Demand, Share, Growth And Industry Trends, Forecast To 203
Geophysical Data Sales Market
As per the report, 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 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%.
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Expanding Global Geophysical Data Sales Market Fueled By Oil And Gas Exploration Demand
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.
Seismic Technology Revolutionizes The Geophysical Data Sales Market
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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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.
Contents of the report:
1. Executive Summary
2. Geophysical Data Sales Market Report Structure
3. Geophysical Data Sales Market Trends And Strategies
4. Geophysical Data Sales Market - Macro Economic Scenario
5. Geophysical Data Sales Market Size And Growth
…..
27. Geophysical Data Sales Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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