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Seismic Survey Market Trends

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Report ID: 3590
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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Seismic Survey Market Trends

Growth Drivers

Growing Use of Seismic Technology for Oil & Gas Exploration
Increasing Advancements in Seismic Survey Technology

Challenges

High Cost Associated with Seismic Survey
Global Seismic Survey Market Segmentation Synopsis

Seismic Survey Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	4.9%
Base Year Market Size (2023)	USD 21.95 billion
Forecast Year Market Size (2036)	USD 40.88 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Seismic Survey Market Size & Share, Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3590
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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.

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