Industry Analysis & Industry Trends
The Geophysical Services industry gathers, interprets and maps geophysical data. Industry performance is dependent on demand for resource exploration from downstream oil, natural gas and mining industries, which is, in turn, largely dependent on movements in commodity prices. Therefore, volatile commodity prices have been responsible for the industry's unstable growth, although revenue increases are expected to be sustained over the next five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration in the Geophysical Services industry has been rising during the past five years, although it remains low. In 2014, IBISWorld estimates that the four largest companies will account for 37.7% of industry revenue. Industry revenue is expected to considerably grow during the five years to 2014, as is revenue for the industry's largest companies. For example, industry-relevant revenue for Schlumberger, the industry's largest player, is expected to increase an estimated 12.4% during the five years to 2014, including an astronomical 40.8% increase in 2011 alone.
Although industry concentration has increased during the five years to 2014, it remains relatively low due to the industry's fragmented structure... purchase to read more