세계의 지구물리 탐사 장비 시장 예측(-2030년) : 유형별, 디바이스 유형별, 기술별, 수법별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Geophysical Exploration Equipment Market is accounted for $16.37 billion in 2024 and is expected to reach $24.75 billion by 2030 growing at a CAGR of 7.14% during the forecast period. Geophysical exploration equipment plays a crucial role in the exploration of natural resources such as minerals, oil, gas, and groundwater. These instruments are made to measure and examine different physical characteristics of the Earth's subsurface, giving geologists and engineer's useful information. Moreover, seismic survey instruments, ground-penetrating radar (GPR), magnetometers, resistivity meters, and gravity meters are examples of common geophysical exploration tools. In the meantime, magnetometers detect mineral deposits or geological faults by measuring the Earth's crust's magnetic characteristics.

According to the U.S. Energy Information Administration (EIA), shale formations contributed about 79% of the U.S. dry natural gas production in 2022, emphasizing the importance of geophysical exploration in locating unconventional energy resources.

Market Dynamics:

Driver:

Growing natural resource demand

Natural resources including minerals, oil, gas, and water are under a lot of strain due to the world's population growth and the speed at which cities are growing. These resources are needed in greater quantities by a variety of industries, including construction and energy. The use of geophysical exploration techniques becomes crucial in order to effectively and sustainably meet this demand. By locating and measuring subsurface resources, these techniques increase the likelihood of finding new deposits. Additionally, the requirement for sophisticated geophysical equipment to locate these resources increases as resource exploration progresses into more difficult and profound settings, like offshore or underground reserves.

Restraint:

Expensive initial outlay and ongoing maintenance

The high cost of purchasing, maintaining, and updating sophisticated geophysical tools is one of the main issues facing the market for geophysical exploration equipment. Large upfront expenditures may be necessary for equipment like ground-penetrating radar (GPR), 3D seismic systems, and other advanced technologies, which could be prohibitive for smaller exploration companies or those operating in developing nations. Furthermore, high upfront and recurring expenses may therefore prevent smaller businesses from using these tools or impede the uptake of new technologies, particularly in areas with limited funding or where exploration efforts are still in their infancy.

Opportunity:

Deepening research into renewable energy

The global transition to renewable energy presents a substantial opportunity for the market for geophysical exploration equipment. Technologies that can assist in locating and evaluating geothermal energy reserves, identifying possible wind farm locations, and assessing subsurface conditions for carbon capture and storage (CCS) are becoming more and more in demand as nations aim to shift away from fossil fuels and toward cleaner energy. Geothermal reservoirs are becoming a key component of many nations' energy strategies, and their identification requires the use of geophysical exploration techniques like resistivity imaging and seismic surveys. Additionally, these methods can aid in determining the feasibility of subterranean CO2 storage locations, supporting efforts to reduce carbon emissions.

Threat:

Price pressure and fierce competition

There is fierce competition in the market for geophysical exploration equipment, with many competitors fighting for market share, including both well-established businesses and up-and-coming startups. Pressure on profit margins and price wars may result from the rush by many businesses to innovate and provide new solutions. For equipment manufacturers to differentiate their products and maintain their competitiveness, they must consistently invest in research and development (R&D). Gaining an advantage requires innovation, but it also costs a lot of money. Moreover, the market penetration of smaller businesses or newcomers may be limited by their inability to compete with larger players who enjoy advantages like economies of scale or brand recognition.

Covid-19 Impact:

The COVID-19 pandemic had a major effect on the geophysical exploration equipment market by causing financial uncertainty in the sector, delaying exploration projects, and upsetting global supply chains. Field operations were hampered by lockdowns and travel restrictions, which made it impossible to perform geophysical surveys and site evaluations. Additionally, as businesses concentrated on reducing expenses and maintaining cash flow, the pandemic-induced economic downturn resulted in a decrease in investments in exploration activities, especially in the mining, oil, and gas industries. Essential geophysical equipment delivery and manufacturing were delayed as a result of supply chain disruptions, and operational efficiency was impacted by labor shortages and health issues.

The Seismic Equipment segment is expected to be the largest during the forecast period

The market for geophysical exploration equipment is anticipated to be dominated by the seismic equipment segment. Because seismic equipment can provide detailed subsurface imaging, it is widely used in geological research, mineral prospecting, and oil and gas exploration. The growing demand for minerals and hydrocarbons worldwide, as well as developments in seismic data processing and acquisition technologies like 3D and 4D seismic imaging, are the main drivers of this segment's dominance. Furthermore, the equipment's application scope is further expanded by the fact that it is frequently used in infrastructure development projects, such as tunnel construction and earthquake risk assessments.

The Airborne Geophysical Survey segment is expected to have the highest CAGR during the forecast period

The Airborne Geophysical Survey segment is expected to have the highest CAGR in the Geophysical Exploration Equipment Market. This growth is ascribed to its effectiveness in covering vast and isolated regions, which makes it indispensable for environmental studies, mineral exploration, and oil and gas surveys. Airborne methods, such as electromagnetic, magnetic, and gravity surveys, are frequently used because they can quickly and thoroughly gather subsurface data. Growing expenditures on mining and renewable energy projects, especially in unexplored areas, fuel this market. Moreover, its potential for growth is further enhanced by technological developments like the incorporation of drones and improved sensors, which increase accuracy and lower operating costs.

Region with largest share:

Due to large investments in infrastructure development, mineral prospecting, and oil and gas exploration, the North American region is expected to hold the largest share of the geophysical exploration equipment market. Because of its advanced energy sector, which includes shale gas and deepwater exploration projects, the United States in particular leads the region. The market's expansion is further supported by the existence of well-established competitors, cutting-edge technologies, and government programs encouraging exploration. Additionally, the region's dominance in this market is further strengthened by the need for geophysical surveys in the evaluation of renewable energy sites, such as wind and solar farms.

Region with highest CAGR:

The geophysical exploration equipment market is expected to grow at the highest CAGR in the Asia-Pacific region. The region's abundant mineral and hydrocarbon reserves, rising energy demand, and the quick development of infrastructure projects are the main drivers of this growth. Because of their investments in oil and gas projects, mining exploration, and the development of renewable energy sites, nations like China, India, and Australia are driving demand. Furthermore, the region's growth is also supported by government initiatives to increase exploration activities and developments in geophysical technologies.

Key players in the market

Some of the key players in Geophysical Exploration Equipment market include Baker Hughes, GSSI Geophysical Survey Systems, Inc, Mind Technology, Inc, Pheonix Geophysics, Schlumberger Limited, Geospace Technologies, DOVE Instruments, Geonica, SmartSolo Inc., Wireless Seismic, Inc, DMT GmbH and KG, Ramboll Group A/S, Geotech, Inova Geophysical and Sercel (CGG).

Key Developments:

In August 2024, Geospace Technologies Corporation announced a 240-day rental contract with a worldwide leading geophysical solution provider who will rent OBX-750E, shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, the minimum value of the agreement is $11.9 million. The delivery of OBX nodes will occur in Geospace's fourth quarter of fiscal year 2024.

In June 2024, Baker Hughes announced it has entered into a new 10-year services frame agreement with Woodside Energy to support its LNG operations in Australia. Under the multi-year services frame agreement, Baker Hughes will provide spare parts and field service resources for onsite turbomachinery equipment maintenance and upgrades, equipment refurbishment and advanced digital asset performance services.

In March 2024, GEO Group announced that its wholly-owned subsidiary, GEO Transport, Inc. has been awarded a five-year contract, inclusive of option periods, to provide air operations support services on behalf of U.S. Immigration and Customs Enforcement ("ICE"), as a subcontractor to CSI Aviation, Inc. which has been selected by ICE as the prime contractor.

Types Covered:

• Land-Based
• Marine-Based
• Aerial-Based

Equipment Types Covered:

• Seismographs
• Magnetometers
• Gravimeters
• Geophones And Hydrophones
• Drilling Tools
• Metal Detectors
• Recording System
• Transmitters And Receivers
• Ground Penetrating Radar (GPR)
• Gis And Mapping Tools
• Remote Sensing Systems
• Analyzers
• Drones
• Sonar Systems
• Transmitting Coils
• Other Equipment Types

Technologies Covered:

• Seismic Equipment
• Magnetometers
• Ground Penetrating Radar
• Electrical Resistivity Tomography
• Gravity Meters
• Borehole Logging
• Hyperspectral
• Sonar
• LiDAR

Methods Covered:

• Surface Geophysical Survey
• Airborne Geophysical Survey
• Geochemical & Geobotanical
• Drilling
• Bedrock Mapping
• Sonar Survey

End Users Covered:

• Minerals & Mining
• Oil and Gas
• Construction
• Agriculture
• Environmental Services
• Archaeological Research
• Government
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Geophysical Exploration Equipment Market, By Type

• 5.1 Introduction
• 5.2 Land-Based
• 5.3 Marine-Based
• 5.4 Aerial-Based

6 Global Geophysical Exploration Equipment Market, By Equipment Type

• 6.1 Introduction
• 6.2 Seismographs
• 6.3 Magnetometers
• 6.4 Gravimeters
• 6.5 Geophones And Hydrophones
• 6.6 Drilling Tools
• 6.7 Metal Detectors
• 6.8 Recording System
• 6.9 Transmitters And Receivers
• 6.10 Ground Penetrating Radar (GPR)
• 6.11 Gis And Mapping Tools
• 6.12 Remote Sensing Systems
• 6.13 Analyzers
• 6.14 Drones
• 6.15 Sonar Systems
• 6.16 Transmitting Coils
• 6.17 Other Equipment Types

7 Global Geophysical Exploration Equipment Market, By Technology

• 7.1 Introduction
• 7.2 Seismic Equipment
• 7.3 Magnetometers
• 7.4 Ground Penetrating Radar
• 7.5 Electrical Resistivity Tomography
• 7.6 Gravity Meters
• 7.7 Borehole Logging
• 7.8 Hyperspectral
• 7.9 Sonar
• 7.10 LiDAR

8 Global Geophysical Exploration Equipment Market, By Method

• 8.1 Introduction
• 8.2 Surface Geophysical Survey
• 8.3 Airborne Geophysical Survey
• 8.4 Geochemical & Geobotanical
• 8.5 Drilling
• 8.6 Bedrock Mapping
• 8.7 Sonar Survey

9 Global Geophysical Exploration Equipment Market, By End User

• 9.1 Introduction
• 9.2 Minerals & Mining
• 9.3 Oil and Gas
• 9.4 Construction
• 9.5 Agriculture
• 9.6 Environmental Services
• 9.7 Archaeological Research
• 9.8 Government
• 9.9 Other End Users

10 Global Geophysical Exploration Equipment Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Baker Hughes
• 12.2 GSSI Geophysical Survey Systems, Inc
• 12.3 Mind Technology, Inc
• 12.4 Pheonix Geophysics
• 12.5 Schlumberger Limited
• 12.6 Geospace Technologies
• 12.7 DOVE Instruments
• 12.8 Geonica
• 12.9 SmartSolo Inc.
• 12.10 Wireless Seismic, Inc
• 12.11 DMT GmbH and KG
• 12.12 Ramboll Group A/S
• 12.13 Geotech
• 12.14 Inova Geophysical
• 12.15 Sercel (CGG)