Global Land Seismic Equipment and Acquisition Market – Analysis, Trends & Forecasts to 2021 – Research and Markets

The "Global
Land Seismic Equipment and Acquisition Market 2017-2021" report
has been added to Research and Markets' offering.

The global land seismic equipment and acquisition market is forecast to
grow at a CAGR of 2.60% during the period 2017-2021.

The report, Global Land Seismic Equipment and Acquisition market
2017-2021, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is digitization of oil
fields. Smart oilfield is not at all a new concept and has been known by
different names such as "Digital oilfield," "Fields of the Future," and
"iFields" for the last 25 years. Since then, the concept has been
evolving from a narrow context concerning to a specific E&P activity to
a broader and more comprehensive concept.

According to the report, one of the major drivers for this market is the
rising global oil and gas demand. According to the U.S. Energy
Information Administration, the global liquid fuel consumption stood at
96.47 mbpd in 2016 compared with 86.43 mbpd in 2007. The global liquid
fuel consumption grew at an annual rate of 1.23% from 2007 to 2016 and
is expected to grow at a speedy rate during the forecast period.

Further, the report states that one of the major factors hindering the
growth of this market is the decline in investments in oil and gas
industry. As per the International Energy Agency (IEA), the oil and gas
upstream industry witnessed a 44% decline in investments from 2014 to
2016. This was owing to the cost reductions that were done by various
upstream companies worldwide, caused by the drop in crude oil prices.
This has greatly affected the profitability of upstream oil and gas
companies as well as the related businesses including the seismic
equipment and acquisition market.

Key vendors

• CGG
• Dawson Geophysical
• Geometrics
• IG Seismic Services
• SAExploration

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Type

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/n38w9z/global_land

View source version on businesswire.com: http://www.businesswire.com/news/home/20171229005098/en/

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