Seismic Services Market Size, Share, Growth Analysis, By Type (Data Acquisition, Services Offered), By Location of Deployment (Onshore, Offshore), By Application (Oil & Gas, Construction), By Region - Industry Forecast 2024-2031

North America dominates the market of global seismic services. This region will witness the growth of 2.98% during the forecast period. This is driven by the presence of the strong oil and gas industry in the North America region and the continuous exploration efforts and development in the extraction of shale gas, made by the oil and gas industries in this region. Additionally, the market is accelerating in this region due to the growing emphasis on sustainability in the geophysical surveys. Apart from this, it has been analyzed that the North American region has the robust infrastructure sector, so this also act as a strong contributor in the expansion of the market. As, the land-based surveys prove as an important tool in the construction activities, urban planning, and the projects related to transportation.

On the other hand, the Middle East and Africa, is considered as the fastest growing segment. As, the offshore exploration mainly in the West Africa is getting enhanced due to the presence of the untapped resources, this is thus developing the great opportunities for the oil & gas and the mining sector. In January 2022, Shell PLC made a discovery in Graff-1 in offshore Namibia, through drilling it has been found that there is a layer of 60 meters hydrocarbons which holds the 250-300 million oil & gas barrels.