The Geophysical Services industry depends heavily on investment in oil and gas exploration, which subsequently relies on global energy prices and the capacity to economically exploit existing reserves. Therefore, the industry's heavy reliance on energy companies has resulted in extreme fluctuations during the past five years, with revenue falling over the five years to 2014. However, since industry growth generally follows the projected rise of investment in US petroleum and natural gas exploration, increasing energy prices will likely bolster demand for the assessment of onshore natural gas deposits and reservoirs, during the five years to 2019.
Operators in this industry gather, interpret, and map geophysical data. Companies often specialize in locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, but may also conduct surveys for engineering purposes. Companies also use a variety of surveying techniques depending on the purpose of the survey, including magnetic, gravity, seismic, or electrical and electromagnetic surveys.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.