Seismic Survey Equipment Market

Seismic Survey Equipment Market (Component: Hardware, Software, and Services; Application: Land, Marine, and
Growth, Trends, and Forecast, 2022-2031

Report Preview Table of Content

Seismic Survey Equipment Market Outlook 2031

The global seismic survey equipment market was valued over US$ 1.4 Bn in 2021
It is estimated to expand at a CAGR of 4.8% from 2022 to 2031
The global seismic survey equipment market is expected to surpass value of US$ 2.3 Bn by

Analysts’ Viewpoint on Seismic Survey Equipment Market Scenario

Companies in the seismic survey equipment market are focusing on high-growth end-use industries su
their businesses growing post the COVID-19 pandemic. As such, the market is estimated to witness gro
oil & gas industry. Rapid depleting sources of oil & gas is fueling the need to finding new sources for o
for geophysical services is expected to increase in the oil & gas industry, which is likely to affect a maj
survey equipment. Seismic surveys are conducted by adopting an array of energy sources and sensors
Manufacturers should tap into incremental opportunities in seismic survey technology to broaden thei

Overview of Seismic Survey Equipment Market

Seismic survey is a method of exploring subterranean structure related to exploration for petroleum
d i b d d t i i th ti i t l th t l b t th i iti ti f i i
Moreover, road infrastructure is used for the transportation of water and heavy equipment. In fracki
back water is highly contaminated. There is a need to measure hazard in gas exploration, which in tu
seismic survey equipment.

Earthquake is one of the major hazards during hydraulic fracturing. Monitoring of induced seismicity
and a proper logbook should be maintained by the operator. Monitoring is also necessary while inje
These are two major hazards for induced seismicity, which in turn propel the global seismic survey e

Miniaturization of electronics, such as seismic sensors, is estimated to offer lucrative opportunities fo

during the forecast period. However, stringent government rules and regulations and the high cost
hamper the seismic survey equipment market.

Increasing Deployment of Seismic Technology in Brownfields Projects

The demand for seismic survey equipment is expected to rise substantially, owing to the rising adop
as 3D imaging and data acquisitions, among others, in the brownfield projects where the developm
prior work has been done and the field is in rebuilt, modify mode. Development and deployment of
lucrative opportunities for the global seismic survey equipment market.

Quick progressions and redevelopment in the Brownfield project site, which has been used previous
propels the demand for the global seismic survey equipment market. Such Brownfield project sites a
have been used for oil refineries, railroads, gas stations, or heavy manufacturing plants. In such rede
provides detailed images of the sub-surface, which offers detection of both lateral and depth variati
and delineates stratigraphically. These factors are projected to propel the seismic survey equipment

Technological Advancements in Equipment and Surging Oil & Gas Exploration Activitie
In terms of component, the global seismic survey equipment market has been segregated into hard
segment held the highest share in the market in 2021, owing to growing technological advancemen
exploration activities across the globe. Seismic survey equipment include various detectors such as h
seismic sources such as Vibroseis, air gun, and dynamite to generate the seismic waves.

Moreover, software is one of the fastest emerging segments in the seismic survey equipment marke
industry and adoption of innovative solution from end-use industries. Furthermore, some of the maj
solution in the market and contribute to the market growth such as Sercel and Kappa Offshore Solu
PIKSEL draws on the low noise operation of its hydrophone design as well as an upgrading rigging a
For highest broadband imaging, PIKSEL used for to ensure the most accurate and noise-free signal p

Growing Use of Seismic Equipment in Marine Surveys

In terms of application, the global seismic survey equipment has been classified into land, marine, a
fastest growing application segment over the forecast period.  For marine surveys, the instrumentat
array of geophones are commonly used, along with various equipment, including water guns, air gu
Middle East & Africa is a larger seismic survey equipment market as compared to Latin America; how
estimated to grow at a rapid pace as compared to the market in Middle East & Africa.    

Analysis of Major Players in Global Seismic Survey Equipment Market

The global seismic survey equipment market is consolidated with a small number of large-scale ven
share. Key firms are spending significantly on comprehensive research and development, and new p
portfolios and mergers & acquisitions are major strategies adopted by the key players. China Nation
INTERNATIONAL LEADING TECHNOLOGIES TRANSFER COMPANY LIMITED, Mitcham Industries, Inc.,
Group A/S, Schlumberger Limited, Seismic Survey Equipment, Sercel, and Wireless Seismic, Inc. are t
market.

Each of these players has been profiled in the Seismic Survey Equipment market report based on pa
financial overview, business strategies, product portfolio, business segments, and recent developme

Request a custom report on Seismic Survey Equipment Market

Key Developments in Global Seismic Survey Equipment Market

In December 2020, Sercel won a second major contract to supply land seismic equipment to a
3D mega-crew survey in Saudi Arabia. This new 3D equipment contract includes a Sercel 508X
channels equipped with strings.
In December 2018, CGG announced that the leading seismic survey equipment provider Serce
acquisition company to supply land seismic equipment for a large onshore 3D seismic survey i
Sercel 508XT channels equipped with strings of 12 SG-10 geophones.

Global Seismic Survey Equipment Market Snapshot

Attribute Detail

Market Size
US$ 1.4 Bn
Value in 2021

Market
Forecast Value US$ 2.3 Bn
in 2031

Growth Rate
4.8%
(CAGR)

Forecast
2022–2031
Period
 Component
Hardware
Software
Services
Application
Land
Market Marine
Segmentation Air-Borne
End-use Industry
Aerospace & Defense
Oil & Gas
Metal & Mining
Building & Construction
Others (Energy & Power, Water and Wastewater, etc.)

North America
South America
Regions
Europe
Covered
Asia Pacific
Middle East & Africa

U.S.
Canada
U.K.
Germany
France
China
Countries
India
Covered
Japan
South Korea
ASEAN
GCC Countries
South Africa
Brazil

China National Petroleum Corporation

Fugro N.V.
INTERNATIONAL LEADING TECHNOLOGIES TRANSFER COMPANY LIMITED
Mitcham Industries, Inc.
Companies Petroleum Geo-Services (PGS)
Profiled Ramboll Group A/S
Schlumberger Limited
Seismic Survey Equipment
Sercel
Wireless Seismic, Inc.

Customization
Available upon request
Scope