LONDON–(BUSINESS WIRE)–Technavio has been monitoring the offshore oil and gas seismic equipment and acquisitions market and it is poised to grow by USD 1.39 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Arabian Geophysical and Surveying Co., Fugro NV, ION Geophysical Corp., Mitcham Industries Inc., PGS ASA, Polarcus Ltd., SAExploration Holdings Inc., SeaBird Exploration Plc, Shearwater GeoServices Holdings AS, and TGS-NOPEC Geophysical Co. ASA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The rise in deepwater and ultra-deepwater E&P projects has been instrumental in driving the growth of the market.
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Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Segmentation
Offshore Oil and Gas Seismic Equipment and Acquisitions Market is segmented as below:
-
Technology
- 3D Seismic Survey
- 2D Seismic Survey
- 4D Seismic Survey
-
Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The offshore oil and gas seismic equipment and acquisitions market report covers the following areas:
- Offshore Oil and Gas Seismic Equipment and Acquisitions Market Size
- Offshore Oil and Gas Seismic Equipment and Acquisitions Market Trends
- Offshore Oil and Gas Seismic Equipment and Acquisitions Market Industry Analysis
This study identifies the increasing adoption of 4D seismic survey technology as one of the prime reasons driving the offshore oil and gas seismic equipment and acquisitions market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist offshore oil and gas seismic equipment and acquisitions market growth during the next five years
- Estimation of the offshore oil and gas seismic equipment and acquisitions market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the offshore oil and gas seismic equipment and acquisitions market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of offshore oil and gas seismic equipment and acquisitions market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- 3D seismic survey – Market size and forecast 2019-2024
- 2D seismic survey – Market size and forecast 2019-2024
- 4D seismic survey – Market size and forecast 2019-2024
- Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing adoption of 4D seismic survey technology
- Emergence of seismic-while-drilling technology
- Increasing demand for digital oilfields
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Arabian Geophysical and Surveying Co.
- Fugro NV
- ION Geophysical Corp.
- Mitcham Industries Inc.
- PGS ASA
- Polarcus Ltd.
- SAExploration Holdings Inc.
- SeaBird Exploration Plc
- Shearwater GeoServices Holdings AS
- TGS-NOPEC Geophysical Co. ASA
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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