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Global Geophysical Services Industry (2020 to 2027) - Market Trends and Drivers

Research and Markets
·2-min read

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.

  • EON Geosciences

  • Geophysical Survey Systems, Inc.

  • Geotech Surveys

  • Ion Geophysical Corporation

  • New Resolution Geophysics (NRG)

  • Phoenix Geophysics

  • Sea Geo Surveys Pvt Ltd.

  • Spectrum Geophysics

  • 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

IV. COMPETITION

  • Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/sj5e6h

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