Geophysical Equipment and Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Geophysical Services Companies and the market is segmented by End User (Minerals and Mining Industry, Oil and Gas Industry, Groundwater Exploration, and Other End Users), Service Type (Multi-client Data Acquisition, Contractual Data Acquisition, and Image Processing), Equipment Type (Electrical Resistivity, Electromagnetic, Seismic, and Other Equipment, i.e. Hyper-spectral, Gravity, Gradiometry, Light Detection, and Ranging), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa).

Geophysical Equipment and Services Market Size

Geophysical Equipment and Services Market Size

Compare market size and growth of Geophysical Equipment and Services Market with other markets in Energy & Power Industry

Geophysical Equipment and Services Market Analysis

The Geophysical Equipment and Services Market is expected to register a CAGR of 2.8% during the forecast period.

  • The oil and gas sector accounted for the largest share in the geophysical equipment and services market, owing to the demand for seismic surveys that helps to obtain accurate and precise mappings of hydrocarbons.
  • Then incorporation of advanced technologies for various geophysical studies is expected to present new avenues for the market studied.
  • North America is expected to dominate the market, with majority of the demand from the countries, such as the United States and Mexico.

North America to Dominate the Market

  • North America is expected to dominate the geophysical equipment and services market during the forecast period. This is primarily on account of the investments in exploration activities. 
  • The number of geophysical surveys is increasing in the United States, which further boosts the market in this region. Moreover, the geophysical survey budget in the country is estimated to receive USD 1.16 billion, according to a proposed plan for the financial year 2019.
  • Mexico’s crude oil production was declining. In order to address this, the government, in 2014, had introduced energy reforms, for ending the monopoly (for 75 years) of PEMEX, a state-owned oil and gas company.
  • The Mexican government offered several blocks for exploration in the past few years. The liberalization of the upstream sector led to the entry of 70 oil and gas operators in the country after several biddings for blocks. This factor boosted the demand for geophysical equipment to carry out several operations.
  • Therefore, these factors are expected to create opportunities for the growth of the geophysical equipment and services market during the forecast period.

Geophysical Equipment and Services Industry Overview

The global geophysical equipment and services market is consolidated. Some of the major equipment manufacturers and service providers areSchlumberger Limited, Ramboll Group AS, Sercel SA, IRIS Instruments, and DMT GmbH & Co. KG.

Geophysical Equipment and Services Market Leaders

  1. Schlumberger Limited

  2. Ramboll Group A/S

  3. Sercel SA

  4. IRIS Instruments

  5. DMT GmbH & Co. KG.

  6. *Disclaimer: Major Players sorted in no particular order
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Geophysical Equipment and Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 End User (Qualitative Analysis Only)
    • 5.1.1 Minerals and Mining Industry
    • 5.1.2 Oil and Gas Industry
    • 5.1.3 Groundwater Exploration
    • 5.1.4 Other End Users
  • 5.2 Type
    • 5.2.1 Service Type
    • 5.2.1.1 Multi-client Data Acquisition
    • 5.2.1.2 Contractual Data Acquisition
    • 5.2.1.3 Image Processing
    • 5.2.2 Equipment Type (Overview, Market Size and Demand Forecast till 2025 (For Overall Equipment Only and Not for the Sub-segments))
    • 5.2.2.1 Electrical Resistivity
    • 5.2.2.2 Electromagnetic
    • 5.2.2.3 Seismic
    • 5.2.2.4 Other Equipment Types (Hyperspectral, Gravity, Gradiometry, Light Detection, and Ranging(LIDAR))
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 Equipment Manufacturers
    • 6.4.1.1 Phoenix Geophysics
    • 6.4.1.2 IRIS Instruments
    • 6.4.1.3 Geotech Ltd
    • 6.4.1.4 Sercel SA
    • 6.4.2 Service Providers
    • 6.4.2.1 Ramboll Group AS
    • 6.4.2.2 Petroleum Geo-Service
    • 6.4.2.3 TGS-NOPEC
    • 6.4.2.4 Geoex Ltd
    • 6.4.2.5 Schlumberger Limited
    • 6.4.2.6 BGP Inc.
    • 6.4.2.7 Polarcus Ltd
    • 6.4.2.8 CGGVeritas
    • 6.4.2.9 Halliburton Company
    • 6.4.2.10 IG Seismic Services
    • 6.4.2.11 Dolphin Geophysical
    • 6.4.2.12 COSL
    • 6.4.2.13 Geokinetics Inc.
    • 6.4.2.14 SAExploration
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Geophysical Equipment and Services Industry Segmentation

The report on the geophysical equipment and services market includes:

End User (Qualitative Analysis Only) Minerals and Mining Industry
Oil and Gas Industry
Groundwater Exploration
Other End Users
Type Service Type Multi-client Data Acquisition
Contractual Data Acquisition
Image Processing
Equipment Type (Overview, Market Size and Demand Forecast till 2025 (For Overall Equipment Only and Not for the Sub-segments)) Electrical Resistivity
Electromagnetic
Seismic
Other Equipment Types (Hyperspectral, Gravity, Gradiometry, Light Detection, and Ranging(LIDAR))
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Geophysical Equipment and Services Market Research FAQs

What is the current Geophysical Equipment and Services Market size?

The Geophysical Equipment and Services Market is projected to register a CAGR of 2.8% during the forecast period (2025-2030)

Who are the key players in Geophysical Equipment and Services Market?

Schlumberger Limited, Ramboll Group A/S, Sercel SA, IRIS Instruments and DMT GmbH & Co. KG. are the major companies operating in the Geophysical Equipment and Services Market.

Which is the fastest growing region in Geophysical Equipment and Services Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Geophysical Equipment and Services Market?

In 2025, the South America accounts for the largest market share in Geophysical Equipment and Services Market.

What years does this Geophysical Equipment and Services Market cover?

The report covers the Geophysical Equipment and Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Geophysical Equipment and Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Geophysical Equipment and Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)