Global Seismic Services Market Analysis Highlights the Impact of COVID-19 (2020-2024)| Rising Multi-client Survey Approach to Boost Market Growth | Technavio

Technavio has been monitoring the global seismic services market size and it is poised to grow by USD 1.12 billion during 2020-2024, progressing at a CAGR of 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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Technavio has announced its latest market research report titled Global Seismic Services Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rising multi-client survey approach has been instrumental in driving the growth of the market. However, the overcapacity constraints with seismic vessel fleets might hamper seismic services market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Seismic Services Market 2020-2024: Segmentation

Seismic Services Market is segmented as below:

• Deployment
  • Onshore
  • Offshore
• Geographic Landscape
  • North America
  • Europe
  • APAC
  • MEA
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44210

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 the 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 survey 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 survey market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of seismic survey 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
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200709005612/en/