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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 | Apr 2015

Uneven ground: Falling oil prices will cause industry revenue to significantly decline

IBISWorld’s Geophysical Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
2.1%
Annual Growth 15-20
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Profit
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Employment
6,918
Businesses
1,448
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 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 Investment Chapter

The Geophysical Services industry has a medium to high level of capital intensity. For every $1.00 spent on labour in 2015, IBISWorld estimates that industry operators will allocate $0.31 toward the purchase of machinery and equipment. Industry services require significant investment in sophisticated and expensive machinery. To conduct 3D and 4D seismic surveys, operators require land surface surveying, flagging and global positioning system (GPS) equipment; energy source and receiver equipment trucks, such as highland rigs, man-portable drills, airboats and shallow-draft water drill barges; receiving and recording equipment and vehicles; and, in some cases, helicopters. In addition, operators require a variety of data-processing and interpretation equipment... 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. They often specialize in locating and measuring the extent of subsurface resources, such as oil, gas and minerals, but 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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