Dublin, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The "Geophysical Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 389-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Geophysical Services Market to Reach $13.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Geophysical Services estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$13.7 Billion by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
Aerial-based Survey, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Land-based Survey segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 4.9% CAGR
The Geophysical Services market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Competitors identified in this market include, among others:
CGG S. A.
Dawson Geophysical, Inc.
Geophysical Survey Systems, Inc.
Ion Geophysical Corporation
New Resolution Geophysics (NRG)
Sea Geo Surveys Pvt Ltd.
TGS-NOPEC Geophysical Company ASA
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Geophysical Services Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/sj5e6h
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