Industry Analysis & Industry Trends
The Geophysical Services industry gathers, interprets and maps geophysical data. Since demand for geophysical services is dependent on the global oil, gas and mining sectors, volatile commodity prices have been responsible for the industry's unstable growth. In the coming years, industry operators are expected to benefit from greater government demand for geophysical services, as the federal government attempts to stimulate new resource exploration... 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, in turn, is dependent on global energy prices and the capacity to economically exploit existing reserves. Furthermore, increased demand for natural resources from developing economies, such as China and India, has spurred global demand for new resource exploration during the past decade.
Over the five years to 2015, the Geophysical Services industry is expected to grow 0.5% per year on average to more than $1.1 billion... purchase to read more