LONDON--(BUSINESS WIRE)--Technavio has been monitoring the seismic services market and it is poised to grow by USD 1.12 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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Based on segmentation by deployment, which is the leading segment in the market?
Onshore.
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What are the major trends in the market?
Increasing investments in upstream sector.
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At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 3% during 2020-2024.
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Who are the top players in the market?
CGG SA, China Oilfield Services Ltd., Halliburton Co., PGS ASA, Polarcus Ltd., SAExploration Holdings Inc., Schlumberger Ltd., SeaBird Exploration Plc, Shearwater GeoServices Holdings AS, and TGS-NOPEC Geophysical Co. ASA. are the top players in the market.
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What are the key market drivers and challenges?
The market is driven by rising multi-client survey approach. However, the overcapacity constraints with seismic vessel fleets might hamper market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. CGG SA, China Oilfield Services Ltd., Halliburton Co., PGS ASA, Polarcus Ltd., SAExploration Holdings Inc., Schlumberger Ltd., SeaBird Exploration Plc, Shearwater GeoServices Holdings AS, and TGS-NOPEC Geophysical Co. ASA are some of the major market participants. The rising multi-client survey approach will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Seismic Services Market 2020-2024: Segmentation
Seismic Services Market is segmented as below:
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Deployment
- Onshore
- Offshore
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Geographic Landscape
- North America
- Europe
- APAC
- MEA
- South America
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Seismic Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The seismic services market report covers the following areas:
- Seismic Services Market Size
- Seismic Services Market Trends
- Seismic Services Market Industry Analysis
This study identifies increasing investments in the upstream sector as one of the prime reasons driving the Seismic Services Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Seismic Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist seismic services market growth during the next five years
- Estimation of the seismic services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the seismic services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of seismic services market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Onshore - Market size and forecast 2019-2024
- Offshore - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor ladscacpe
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- CGG SA
- China Oilfield Services Ltd.
- Halliburton Co.
- PGS ASA
- Polarcus Ltd.
- SAExploration Holdings Inc.
- Schlumberger Ltd.
- SeaBird Exploration Plc
- Shearwater GeoServices Holdings AS
- TGS-NOPEC Geophysical Co. ASA
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
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List of abbreviations
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