Seismic Servey Market - Size, Share,
Outlook, and Opportunity Analysis,
2018 - 2026
The research report on seismic survey market segments the global market by
technology type (2D Seismic Survey, 3D Seismic Survey, 4D Seismic Survey, and
Others), and by application (Oil and Gas, Construction, Mining, and Others) -
Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025
Seismic survey is a method used to investigate geological properties of earth and is majorly
used to explore natural gas, petroleum, and mineral deposits. Data acquisition, processing, and
interpretation are the three phases of seismic survey. This technique determines the time interval
between the initiation of waves at a shot point and the arrival of reflected or refracted waves by
the seismic detectors. Various techniques including air guns, dynamite blast, and seismic
vibrator among others are used for initiation of seismic waves. The amplitude and time are
recorded on arrival of these waves at the detector. The time taken by wave to return to the
surface gives several information such as types of rocks, possible fluids, and gases in the
formation, providing a detailed image of the subsurface and the location of oil and gas reserves.
Market Dynamics
Increasing demand for oil and gas is a major driving factor for growth of the global seismic
survey. According to the U.S. Energy Information Administration, fossil fuels is estimated to
account for 77% of the global energy use by 2040. Advantages of seismic survey such as
reduction of probability of drilling dry wells thereby, preventing further drilling and minimizing
environmental effects of oil and gas exploration is propelling growth of global seismic survey
market. Advancements in technology in seismic survey is expected to fuel growth of the global
seismic survey market over the forecast period (2018–2025). For instance, in April 2017, Explor
Geophysical Ltd. launched PinPoint seismic technology that enables ultra-high density seismic