Market Research Logo

Global Land Seismic Equipment and Acquisition Market 2017-2021

Global Land Seismic Equipment and Acquisition Market 2017-2021

About Land Seismic Equipment and Acquisition

Land seismic equipment is used to carry out seismic data acquisition in onshore regions. A vibrator source is used to create shock waves that traverse through various rocks below the surface. These shock waves that reflect off the subsurface rock formations and back to the surface are recorded using geophones. Cables or transmitters are used to transfer information from geophones to a recorder truck. Seismic waves indicate the geological nature of the area surveyed and indicate the possibility of oil or gas reserve.

Technavio’s analysts forecast the global land seismic equipment and acquisition market to grow at a CAGR of 2.60% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global land seismic equipment and acquisition market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sales of products in the market as well as from the sales of high-end acquisition data.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Land Seismic Equipment and Acquisition market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CGG
  • Dawson Geophysical
  • Geometrics
  • IG Seismic Services
  • SAExploration
Other prominent vendors
  • BGP
  • DMT
  • Geokinetics
  • Geospace Technologies
  • IG Seismic Services
  • INOVA
  • International Seismic
  • ION Geophysical
  • Mitcham Industries
  • PARAGON GEOPHYSICAL SERVICES
  • Polaris Seismic International
  • Schlumberger
  • Terraseis
  • Terrex Seismic
  • Wireless Seismic
Market driver
  • Rising global oil and gas demand
  • For a full, detailed list, view our report
Market challenge
  • Decline in investments in oil and gas industry
  • For a full, detailed list, view our report
Market trend
  • Digitization of oil fields
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Land Seismic Equipment and Acquisition market 2017-2021

Technavio recognizes the following companies as the key players in the global land seismic equipment and acquisition market: CGG, Dawson Geophysical, Geometrics, IG Seismic Services, and SAExploration

Other Prominent Vendors in the market are: BGP, DMT, Geokinetics, Geospace Technologies, INOVA, International Seismic ION Geophysical, Mitcham Industries, PARAGON GEOPHYSICAL SERVICES, Polaris Seismic International, Schlumberger, Terraseis, Terrex Seismic, and Wireless Seismic.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Digitization of oil fields

Smart oilfield is not at all a new concept and has been known by different names such as "Digital oilfield," "Fields of the Future," and "iFields" for the last 25 years. Since then, the concept has been evolving from a narrow context concerning to a specific E&P activity to a broader and more comprehensive concept.”

According to the report, one of the major drivers for this market is Rising global oil and gas demand. According to the U.S. Energy Information Administration, the global liquid fuel consumption stood at 96.47 mbpd in 2016 compared with 86.43 mbpd in 2007. The global liquid fuel consumption grew at an annual rate of 1.23% from 2007 to 2016 and is expected to grow at a speedy rate during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Decline in investments in oil and gas industry. As per the International Energy Agency (IEA), the oil and gas upstream industry witnessed a 44% decline in investments from 2014 to 2016. This was owing to the cost reductions that were done by various upstream companies worldwide, caused by the drop in crude oil prices. This has greatly affected the profitability of upstream oil and gas companies as well as the related businesses including the seismic equipment and acquisition market.

Companies Mentioned

CGG, Dawson Geophysical, Geometrics, IG Seismic Services, SAExploration, BGP, DMT, Geokinetics, Geospace Technologies, INOVA, International Seismic ION Geophysical, Mitcham Industries, PARAGON GEOPHYSICAL SERVICES, Polaris Seismic International, Schlumberger, Terraseis, Terrex Seismic, and Wireless Seismic.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Oil and gas industry overview
        • Table Major segments of the oil and gas industry
    • Seismic survey technology
      • Table Land seismic acquisition process overview
      • Table Typical steps involved in seismic survey process
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Global oil and gas seismic equipment and acquisition market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing – 2016
    • Market size and forecast 2016-2021
      • Table Global land seismic equipment and acquisition market - market size and forecast 2016-2021 ($ millions)
      • Table Global - year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Five forces analysis
  • Market segmentation by type
    • Segmentation by type
      • Table Type - market share 2016-2021 (%)
    • Comparison by type
      • Table Comparison by type
    • Acquisition - market size and forecast 2016-2021
      • Table Acquisition - market size and forecast 2016-2021 ($ millions)
      • Table Acquisition - year-over-year growth 2017-2021 (%)
    • Equipment - market size and forecast 2016-2021
      • Table Equipment - market size and forecast 2016-2021 ($ millions)
      • Table Equipment - year-over-year growth 2017-2021 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Regional landscape
    • Geographical segmentation
      • Table Global - market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA - market size and forecast 2016-2021
      • Table EMEA - market size and forecast 2016-2021 ($ millions)
      • Table EMEA - year-over-year growth 2017-2021 (%)
      • Table Land seismic equipment and acquisition market: Top three countries in EMEA
    • Americas - market size and forecast 2016-2021
      • Table Americas - market size and forecast 2016-2021 ($ millions)
      • Table Americas - year-over-year growth 2017-2021 (%)
      • Table Land seismic equipment and acquisition market: Top three countries in Americas
    • APAC - market size and forecast 2016-2021
      • Table APAC - market size and forecast 2016-2021 ($ millions)
      • Table APAC - year-over-year growth 2017-2021 (%)
      • Table Land seismic equipment and acquisition market: Top three countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
      • Table Global rig count 2016-2017
    • Market challenges
      • Table Global crude oil prices 2007-2016 ($/bbl)
      • Table Global renewable investments 2000-2016 ($ billions)
  • Market trends
    • Digitization of oil fields
      • Table Overview of digital oilfield technologies
    • Seismic integration to reduce exploration risk
    • Use of drones in land seismic data acquisition operations
  • Vendor Landscape
    • Competitive scenario
  • Vendor analysis
    • Vendor overview
    • CGG
      • Table CGG: Key product/services
    • Dawson Geophysical
      • Table Dawson Geophysical: Key products/services
    • Geometrics
      • Table Geometrics: Key product/services
    • IG Seismic Services
      • Table IG Seismic Services: Key services
    • SAExploration
      • Table SAExploration: Key products/services
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report