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Geophysical Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Geophysical Services in Canada Market Research Report | NAICS 54136CA | Jun 2014

Climbing expedition: High commodity prices, particularly for oil and natural gas, will spur industry growth

The Geophysical Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
7.6%
Annual Growth 14-19
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Profit
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Employment
7,432
Businesses
1,731
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 Products Chapter

Geophysical data sales

Geophysical data sales represent the largest, fastest-growing segment of industry services, accounting for an estimated 35.0% of industry revenue in 2014. Industry operators maintain land- and water-based data processing centres to assess the survey information and identify potential deposits. This information is either exclusively supplied to a client or sold by the survey firm to third-party exploration operators.

Geophysical data collection

Geophysical data collection comprises the second-largest segment of industry services, accounting for an estimated 30.0% of industry revenue in 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Geophysical Services Industry?

Operators in this industry gather, interpret and map geophysical data. Firms often specialize in locating and measuring the extent of subsurface resources, such as oil, gas and minerals, but they may also conduct surveys for engineering purposes. Operators use a variety of surveying techniques depending on the purpose of the survey, including magnetic surveys, gravity surveys, seismic surveys or electrical and electromagnetic surveys.

Industry Products
Geophysical data salesGeophysical data collectionIntegrated geophysical servicesOther specialized services
 
Industry Activities
Geophysical surveying and mapping of subsurface terrain or formationsIdentifying subsurface fault lines and mineral depositsPerforming magnetic surveysPerforming gravity surveysPerforming seismic surveysPerforming electrical and electromagnetic surveysGeophysical surveying for metal mining (contract basis)Geophysical surveying for oil and gas fields (contract basis)Geophysical surveying for nonmetallic minerals (contract basis)


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