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 Analysis Chapter
Operators in the Geophysical Services industry gather, interpret and map geophysical data to locate and measure the extent of subsurface resources such as oil, gas and minerals, although operators also conduct surveys for engineering purposes. As a result, industry growth is largely contingent on oil, natural gas and mineral exploration, which is, in turn, dependent on global energy prices and the capacity to economically exploit existing reserves. Furthermore, increased demand for natural resources from developing economies like China and India, has spurred global demand for new resource exploration during the past decade.
During the five years to 2014, the Geophysical Services industry is expected to grow at a rapid pace of 7.6% per year on average to $1.7 billion... purchase to read more