Geophysical Services Market by Technology (Magnetic, Gradiometry, Gravity, Electromagnetic, LIDAR, Hyperspectral, Ground Penetrating Radar, Resistivity, Seismic), Type (Aerial based Survey, Land based Survey), End use Industry (Oil and Gas, Minerals and Mining, Agriculture, Water Exploration), by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) to be worth US$ XX Bn by 2026 at the CAGR XX % during 2018 and 2026.
Geophysical survey is essential in obtaining magnetic and gravitational fields of the Earth’s interior and topography. Rise in investments in mining and exploration activities is a key factor in improving the demand for geophysical services across the globe. The rise in demand for precious metals such as gold, platinum, titanium, and silver is expected to drive the demand for geophysical services in the near future. Minerals are being excavated at a faster rate across the globe in order to meet the needs of the rising population.
Currently, North America is a leading region in terms of the application of geophysical services for mineral and mining. The region establishes a large share of the global geophysical services for mineral and mining market. The market in the region is expected to expand at a moderate pace during the forecast period. The U.S. is one of the leading producers of coal extraction. Coal excavation accounts for XX% of the global production of coal deposits. About 1 billion tons of coal is produced annually in the U.S. This is augmenting the demand for geophysical services for exploration purposes.
In terms of product structures, prices, and monitoring services offered, the competition between vendors in the global geophysical services market is highly fragmented. The trade of geophysical services takes place through direct and indirect sales via suppliers, regional players, and certified distributors. Increasing markets geographically and increase in production capacities through mergers and acquisitions are the main development strategies being adopted by established vendors. The high brand cost and expertise in remote and real-time monitoring techniques encourage end-user industries to depend on established vendors of geophysical services solutions.
Maximize Market Research has comprehensively analyzed geophysical services market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole geophysical services market with utmost ease and clarity.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on ” Geophysical Services Market”.
https://www.maximizemarketresearch.com/market-report/global-geophysical-services-market/30735/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, VadgaonBk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908