Demand for industry products has contracted over the past five years due to dismal oil and gas prices in the United States. The recession also hurt industry operators because it caused sharp drops in exploration activity. In the five years to 2019, however, industry demand will pick up as the prices of oil and gas increase. The recovering economy in Europe will also help the industry grow, fueling demand for its products.
This industry manufactures seismic-monitoring equipment that can detect geophysical movements and characteristics. This equipment is used for oil and gas exploration, scientific research, ongoing monitoring and marine-based research.
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.