Seismic Survey Market Analysis

The global seismic survey market is segmented by service type into data acquisition, data processing, and data interpretation. Out of these, the data acquisition segment is anticipated to garner the largest revenue of USD 8646.9 Million by the end of 2030, up from a revenue of USD 6073.4 Million in the year 2020. By end-use vertical, the market is segmented into oil & gas, and non-oil & gas. Out of these, the oil & gas segment is expected to hold the highest market share by the end of 2030 and also grow with the highest CAGR of 4% during the forecast period. By technology, the market is segmented into 2D imaging, 3D imaging, and 4D imaging. Out of these, the 3D imaging segment is expected to generate the largest revenue of USD 6857.4 Million by the end of 2030, up from a revenue of USD 4489.0 Million in the year 2020. The segment is also expected to grow with the highest CAGR of 4.44% during the forecast period. The 4D imaging segment, on the other hand, is projected to grow with the second-highest CAGR of 3.98% during the forecast period.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of seismic survey is assessed at USD 22.81 billion.

Seismic Survey Market size was over USD 21.95 billion in 2023 and is projected to exceed USD 40.88 billion by 2036, growing at over 4.9% CAGR during the forecast period i.e., between 2024-2036. The growing use of seismic technology for oil & gas exploration, and the increasing advancements in seismic survey technology will boost the market growth.

Asia Pacific industry is anticipated to garner the largest revenue share of 38% by 2036, attributed to growing focus of the government of nations, such as in China and India, to develop public infrastructure, as the region possesses numerous earthquake prone areas.

The major players in the market are PT Elnusa Tbk, CGG Group, Fugro N.V., Polarcus Limited, Alphageo (India) Limited, PGS Group, SeaBird Exploration Group, Agile Seismic LLC, and others.

Seismic Survey Market Analysis