Land Seismic Equipment Market Size, Statistics Data and Growth Prospects Forecasts to 2028


Posted May 14, 2019 by Market_News

Services, hardware, software, and other components could be explored in land seismic equipment market in the forecast period. 

 
14 May 2019 - Global Land Seismic Equipment Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the market growth of land seismic equipment are the rise in oil costs, the growth in production and exploration activity, and the high demand from end-users. However, the reduction in investments in oil & gas companies. Land seismic equipment industry is segmented based on component, technology, end-user, location, and others.

Services, hardware, software, and other components could be explored in land seismic equipment market in the forecast period. Services sector comprises customer support, survey design services, after sales services, consultation services, and advisory services. Hardware sector accounted for the significant market share of land seismic equipment and is estimated to lead the overall market in the years to come. The sector comprises detectors like geophones, hydrophones, and seismic sources like dynamite, vibroseis, and air gun.

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The key players of land seismic equipment industry: ION Geophysical Corporation, CGG, FairfieldNodal, Mitcham Industries, Inc., Schlumberger Limited, Geospace Technologies Corporation, China National Petroleum Corporation, Wireless Seismic, Inc., and BGP Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market split by Type, can be divided into:

2D Seismic Equipment
3D Seismic Equipment
The 3D sector accounted for the substantial share of land seismic equipment industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could the rising demand for assembling seismic data. Also, the 4D sector is estimated to grow at the highest CAGR in the years to come.

Market split by Application, can be divided into:

Government Department
Business Sector
Industrial Sector
The market may be categorized based on end-users like oil & gas, energy industry, mining industry, construction industry, and others that could be explored in land seismic equipment in the forecast period. The oil & gas sector accounted for the significant share of land seismic equipment market and is estimated to continue its dominance in the years to come.

Based on location, the offshore and onshore sector could classify land seismic equipment industry in the forecast period. The offshore sector is estimated to grow at the significant CAGR in the years to come.

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Globally, North America accounted for the significant share of land seismic equipment market and is estimated to lead the overall market in the forecast period. The reason behind the overall market growth could be the rise in oil production and exploration activity. The United States is a major consumer of land seismic equipment in the forecast period.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of land seismic equipment in this region.

Table of Contents

Chapter 1 Land Seismic Equipment Market Overview

Chapter 2 Land Seismic Equipment Market Segment Analysis by Player

Chapter 3 Land Seismic Equipment Market Segment Analysis by Type

Chapter 4 Land Seismic Equipment Market Segment Analysis by Application

Chapter 5 Land Seismic Equipment Market Segment Analysis by Sales Channel

Chapter 6 Land Seismic Equipment Market Segment Analysis by Region

Chapter 7 Profile of Leading Land Seismic Equipment Players

Chapter 8 Upstream and Downstream Analysis of Land Seismic Equipment

Chapter 9 Development Trend of Land Seismic Equipment (2018-2028)

Chapter 10 Appendix

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Issued By million insights
Country India
Categories Business , Industry , News
Tags construction , land seismic equipment market , manufacturing
Last Updated May 14, 2019