Marine Seismic Equipment and Acquisition Market - Industry Size and Share 2016 - 2024

Transparency Market
Research
Marine Seismic Equipment and Acquisition Market (Equipment Type - Subbottom Profilers, Seismic Sensors - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024
Published Date
24-Feb-2017
140 Page Report
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Marine Seismic Equipment and
Acquisition Market
REPORT DESCRIPTION
Marine Seismic Equipment and Acquisition Market - Industry Size and Share 2016 - 2024
The global marine seismic equipment and acquisition market demonstrates a highly consolidated competitive landscape,
finds a new research study by Transparency Market Research (TMR). In 2015, nearly 90% of the whole market was
acquired by the top six players, namely, CGG, PGS, TGS, Polarcus DMCC, Fugro N.V., and SeaBird Exploration PLC.
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The slowdown in the demand from the main end user of marine seismic equipment and acquisition, that is, the oil and
gas industry is expected to intensify the competition within this market substantially in the near future, states the report.
As per TMR’s estimations, the global marine seismic equipment market presented an opportunity worth US$0.36 bn in
2015. Expanding at a CAGR of 4.50% during the period from 2016 to 2024, the market is expected to cross US$0.53 bn
mark by the end of the forecast period. Over the same period of time, the global market for marine seismic acquisition is
estimated to rise from US$3.5 bn in 2015 to US$5.6 bn by 2024, increasing at a CAGR of 5.30%. The 3D survey is the key
technology used for marine seismic acquisitions and is projected to continue to lead over the next few years.
High Demand for Conventional Oil Reserves to Ensure Europe’s Dominance
Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa have been considered as the key
regional markets for marine seismic equipment and acquisitions in this research report. With US$944.1 mn in marine
seismic acquisition and US$83.1 mn in marine seismic equipment, Europe led this market in 2015. Thanks to the high
demand for conventional oil reserves, this regional market is likely to remain seated in the leading position throughout
the forecast period.
North America stood second in the global marine seismic equipment and acquisition market in 2015. Analysts predict it
to retain its position over the next few years, on account of the substantial growth in the end-use industries, such as
mining, construction, and oil and gas. However, the most promising opportunities for growth of the marine seismic
equipment and acquisition market is expected to be found in Latin America and the Middle East and Africa.
Latin America, specifically, is anticipated to turn as a highly lucrative market for marine seismic acquisition on account of
the augmenting demand from exploration and production firms. The Middle East and Africa, on the other hand, is
projected to benefit marine seismic equipment vendors significantly in the near future due to the substantial rise in its oil
and gas industry, states the report.
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Marine Seismic Equipment and
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Increasing Oil and Gas Exploration Activities in Emerging Regions to Fuel Demand
“The tremendous rise in the oil and gas industry across the world is the key factor behind the immense growth of the
global marine seismic equipment and acquisition market,” says an analyst at TMR. Marine seismic acquisitions and
various analytical data are a critical part of oil and gas exploration procedures. With the increase in oil and gas
exploration activities in emerging regions, such as Latin America and Africa, the demand for these acquisitions is likely to
escalate significantly in the near future, propelling the market for marine seismic equipment and acquisitions across the
world.
On the other hand, the decrease in seismic survey contracts and the slow demand for marine seismic acquisitions from
the oil industry in the Middle East and Europe may hamper the growth of this market to some extent over the forecast
period, notes the study.
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The study presented here is based on a report by Transparency Market Research (TMR) titled “Marine Seismic Equipment
and Acquisition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The global marine seismic equipment and acquisition market has been segmented as follows:
Marine Seismic Equipment Market - Equipment Analysis
-Sub-Bottom Profilers
-Seismic Sensors
-Scalar Sensor
-Vector Sensor
-Geophones & Hydrophones
-Streamers
-Single Streamer
-Multiple Streamers
-Air / Water Guns
Marine Seismic Acquisition Market - Technology Analysis
-2-Dimensional (2D) Survey
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Marine Seismic Equipment and
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-3-Dimentional (3D) Survey
-4-Dimensional (4D) Survey
-Ocean Bottom Nodes
-Two-Component (2C) Nodes
-Four-Component (4C) Nodes
-Permanent Seismic Installations
-Others
Marine Seismic Equipment and Acquisition Market - Region Analysis
-North America
-U.S.
-Canada
-Europe
-Germany
-Russia
-Italy
-U.K.
-France
-Rest of Europe
-Asia Pacific
-China
-India
-Japan
-Rest of Asia
-Latin America
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Marine Seismic Equipment and
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-Brazil
-Mexico
-Rest of South America
-Middle East & Africa (MEA)
-GCC
-South Africa
-Rest of MEA
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Marine Seismic Equipment and
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TABLE OF CONTENT
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Marine Seismic Equipments And Acquisition Market Size, By Market Value (US$ Mn) And Market Value
Share, By Region
3.2. Key Trends
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints Snapshot Analysis
4.4.1. Drivers
4.4.1.1. Increase in Oil Exploration In Africa and Latin America
4.4.1.2. Rise in Multi-client Projects
4.4.2. Restraints
4.4.2.1. Decrease in seismic survey contracts
4.4.2.2. Sluggish demand from oil industry in Middle East and Europe
4.4.3. Opportunities
4.5. Value Chain Analysis
4.6. Porter’s Analysis
4.7. Market Tendency
5. Global Marine Seismic Equipments Market Analysis And Forecasts, By Equipment Type
5.1. Key Findings
5.2. Introduction
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5.3. Market Size (Us$ Mn) Forecast By Equipment Type
5.4. Marine Seismic Equipments Market Forecast By Equipment
5.5. Marine Seismic Equipments Market Attractiveness Analysis By Equipment
6. Global Marine Seismic Acquisition Market Analysis And Forecasts, By Technology
6.1. Key Findings
6.2. Introduction
6.3. Market Size (Us$ Mn) Forecast By Technology
6.4. Marine Seismic Equipments Market Forecast By Technology
6.5. Marine Seismic Acquisition Market Attractiveness Analysis By Technology
7. Marine Seismic Equipments And Acquisition Market Analysis By Region
7.1. Global Growth Scenario – Marine Seismic Equipment Market
7.2. Global Growth Scenario – Marine Seismic Acquisition Market
7.3. Market Size (Us$ Mn) Forecast By Region
7.4. Marine Seismic Equipments And Acquisition Market Attractiveness Analysis, By Region Type
8. North America Marine seismic equipments and acquisition market Analysis
8.1. Key Findings
8.2. North America Marine Seismic Equipments And Acquisition Market Overview
8.3. North America Market Value Share Analysis, By Equipment
8.4. North America Market Forecast By Equipment
8.5. North America Market Value Share Analysis, By Technology
8.6. North America Market Forecast By Technology
8.7. North America Market Value Share Analysis, By Country
8.8. North America Market Forecast By Country
8.9. North America Market Attractiveness Analysis
9. Europe Marine Seismic Equipments And Acquisition Market Analysis
9.1. Key Findings
9.2. Europe Marine seismic equipments and acquisition market Overview
9.3. Europe Market Value Share Analysis, By Equipment
9.4. Europe Market Forecast By Equipment
9.5. Europe Market Value Share Analysis, By Technology
9.6. Europe Market Forecast By Technology
9.7. Europe Market Value Share Analysis, By Country
9.8. Europe Market Forecast By Country
9.9. Europe Market Attractiveness Analysis
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10. Asia Pacific Marine Seismic Equipments And Acquisition Market Analysis
10.1. Key Findings
10.2. Asia Pacific Marine seismic equipments and acquisition market Overview
10.3. Asia Pacific Market Value Share Analysis, By Equipment
10.4. Asia Pacific Market Forecast By Equipment
10.5. Asia Pacific Market Value Share Analysis, By Technology
10.6. Asia Pacific Market Forecast By Technology
10.7. Asia Pacific Market Value Share Analysis, By Country
10.8. Asia Pacific Market Forecast By Country
10.9. Asia Pacific Market Attractiveness Analysis
11. Middle East And Africa (Mea) Marine Seismic Equipments And Acquisition Market Analysis
11.1. Key Findings
11.2. Middle East and Africa Marine seismic equipments and acquisition market Overview
11.3. Middle East and Africa Market Value Share Analysis, By Equipment
11.4. Middle East and Africa Market Forecast By Equipment
11.5. Middle East and Africa Market Value Share Analysis, By Technology
11.6. Middle East and Africa Market Forecast By Technology
11.7. Middle East and Africa Market Value Share Analysis, By Country
11.8. Middle East and Africa Market Forecast By Country
11.9. Middle East and Africa Market Attractiveness Analysis
12. Latin America Marine Seismic Equipments And Acquisition Market Analysis
12.1. Key Findings
12.2. Latin America Marine seismic equipments and acquisition market Overview
12.3. Latin America Market Value Share Analysis, By Equipment
12.4. Latin America Market Forecast By Equipment
12.5. Latin America Market Value Share Analysis, By Technology
12.6. Latin America Market Forecast By Technology
12.7. Latin America Market Value Share Analysis, By Country
12.8. Latin America Market Forecast By Country
12.9. Latin America Market Attractiveness Analysis
13. Competition Landscape
13.1. Marine seismic equipments and acquisition market Share Analysis, By Company (2015
13.2. Competition Matrix
13.3. Key Players
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13.3.1. Mitcham Industries, Inc.
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Business Strategy
13.3.1.4. Swot Analysis
13.3.1.5. Recent Developments
13.3.2. Compagnie Generale de Geophysique, S.A (CGG)
13.3.2.1. Company Overview
13.3.2.2. Financial Overview
13.3.2.3. Business Strategy
13.3.2.4. Swot Analysis
13.3.2.5. Recent Developments
13.3.3. Petroleum Geo-Services (PGS)
13.3.3.1. Company Overview
13.3.3.2. Financial Overview
13.3.3.3. Business Strategy
13.3.3.4. Swot Analysis
13.3.3.5. Recent Developments
13.3.4. TGS-NOPEC Geophysical Company ASA
13.3.4.1. Company Overview
13.3.4.2. Financial Overview
13.3.4.3. Business Strategy
13.3.4.4. Swot Analysis
13.3.4.5. Recent Developments
13.3.5. SeaBird Exploration PLC
13.3.5.1. Company Overview
13.3.5.2. Financial Overview
13.3.5.3. Business Strategy
13.3.5.4. Swot Analysis
13.3.5.5. Recent Developments
13.3.6. Polarcus DMCC
13.3.6.1. Company Overview
13.3.6.2. Financial Overview
13.3.6.3. Business Strategy
13.3.6.4. Swot Analysis
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13.3.6.5. Recent Developments
13.3.7. Fugro N.V.
13.3.7.1. Company Overview
13.3.7.2. Financial Overview
13.3.7.3. Business Strategy
13.3.7.4. Swot Analysis
13.3.7.5. Recent Developments
13.3.8. Geo Marine Survey Systems
13.3.8.1. Company Overview
13.3.8.2. Recent Developments
13.3.9. FailfieldNodal
13.3.9.1. Company Overview
13.3.9.2. Recent Developments
13.3.10. Seismic Equipment Solution
13.3.10.1. Company Overview
13.3.10.2. Recent Developments
13.3.11. Agile Seismic LLC
13.3.11.1. Company Overview
13.3.11.2. Recent Developments
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Marine Seismic Equipment Market presented an opportunity worth US$0.36 bn in 2015. Expanding at a CAGR of 4.50% during the period from 2016 to 2024, the market is expected to cross US$0.53 bn mark by the end of the forecast period