Press release
Geophysical Data Sales Market Expansion Continues, with Forecast Valuation of $3.09 Billion by 2029
Geophysical Data Sales
Geophysical Data Sales Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for geophysical data sales has experienced slight growth in recent years. The projections show an increase from $2.72 billion in 2024 to $2.77 billion in 2025, representing a compound annual growth rate (CAGR) of 2.0%. Factors contributing to the growth during the historical period include demand from the energy sector, infrastructure projects, environmental studies, investments by the government, and risk mitigation and disaster planning.
Geophysical Data Sales Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the geophysical data sales market is projected to experience stable growth, escalating to a valuation of $3.09 billion in 2029 with a compound annual growth rate (CAGR) of 2.8%. This projected expansion in the forecasting period can be accredited to factors such as the development in data analytics, the broadening of renewable energy, advancements in remote sensing technologies, strategies in data monetization, and planning for resilience & disaster management. Significant upcoming trends within this period range from the incorporation of big data & cloud computing, the enhancement in geophysical data visualization technologies, studies on climate-resilient infrastructure, integrated systems with multiple sensors, and the involvement of UAVs (unmanned aerial vehicles) in data sales.
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What Are the Drivers Transforming the Geophysical Data Sales Market?
The elevation in oil and gas exploration operations in developing nations, driven by escalating demands from the oil and gas sector, has significantly bolstered the progress of the global geophysical data sales market. The U.S. Energy Information Administration, for instance, predicts a surge in global liquid fuel consumption by 1.4 million b/d in 2023, and by 1.8 million b/d in the subsequent year of 2024. Consequently, the drive for oil and gas exploration operations amplified the appeal for metals and minerals. This, in turn, fired up the revenue inflow, contributing to the growth of the geophysical data sales market.
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What Are the Key Trends Driving Geophysical Data Sales Market Growth?
Leading firms in the geophysical data sales market are innovating geophysical data analysis tools in order to augment the precision and effectiveness of interpreting intricate datasets. The term geophysical data analysis tools encompasses software and technologies used to manage, understand, and display geophysical data collected from geological surveys and measurements of Earth's subsurface. For example, Intrepid Geophysics, a software and service provider for geophysics based in Australia, introduced a geophysical data analysis tool named Cauchy in October 2022. Cauchy is tailored to uncover up to 80% more understanding from historical and current datasets including magnetic, gravity, and tensor gravity data. Such a feature allows geoscientists to procure valuable insights that were formerly challenging to detect.
Which Segments in the Geophysical Data Sales Market Offer the Most Profit Potential?
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 And Mining, Oil And Gas, Water Exploration
Subsegments:
1) By Seismic: Reflection Seismology, Refraction Seismology, Surface Seismology, Borehole Seismology
2) By Magnetic: Ground Magnetic Survey, Aeromagnetic Survey
3) By Gravity: Gravity Gradient Survey, Gravity Measurement Survey
4) By Electromagnetics: Time Domain Electromagnetic (TDEM), Frequency Domain Electromagnetic (FDEM)
5) By LIDAR: Airborne LIDAR, Terrestrial LIDAR
6) By Ground Penetrating Radar: Shallow Ground Penetrating Radar, Deep Ground Penetrating Radar
7) By Other Technologies: Electrical Resistivity Tomography (ERT), Magnetic Resonance Imaging (MRI)
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Which Firms Dominate the Geophysical Data Sales Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Geophysical Data Sales Market?
North America was the largest region in the geophysical data sales market in 2024. 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
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