Geophysical Data Collection Market Report 2026

The geophysical data collection market size has grown marginally in recent years. It will grow from $6.85 billion in 2025 to $6.93 billion in 2026 at a compound annual growth rate (CAGR) of 1.1%. The growth in the historic period can be attributed to expansion of oil and gas exploration activities, growth in mineral exploration projects, increasing use of geophysical surveys in infrastructure planning, advancements in sensing technologies, rising demand for subsurface risk assessment.

The geophysical data collection market size is expected to see steady growth in the next few years. It will grow to $7.55 billion in 2030 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to increasing investments in renewable energy site assessment, rising demand for environmental monitoring, expansion of smart exploration technologies, growing use of data-driven subsurface modeling, increasing focus on resource optimization. Major trends in the forecast period include increasing use of advanced seismic survey techniques, rising adoption of remote and airborne data acquisition, growing integration of ai in data interpretation, expansion of high-resolution subsurface imaging, enhanced focus on real-time data processing.

The burgeoning needs of the oil and gas industry are anticipated to be a pivotal driver propelling the expansion of the geophysical data collection market. This sector of the global economy, encompassing the exploration, extraction, refining, and distribution of hydrocarbon-based energy resources, relies heavily on geophysical data collection. This process is vital for subsurface mapping, identifying hydrocarbon reserves, and mitigating exploration risks. It significantly facilitates well-informed decision-making and cost-effective resource extraction. As reported by the U.S. Energy Information Administration in October 2023, the global liquid fuel production, including crude oil and other liquids, is expected to witness an increase by 1.3 million b/d in 2023 and a subsequent rise of 0.9 million b/d in 2024. Therefore, the mounting demand within the oil and gas industry continues to drive the growth of the geophysical data collection market.

Major players operating in the geophysical data collection market are directing their efforts towards establishing advanced processing and imaging centers to advance the field of geophysics. A processing and imaging center, in this context, denotes a specialized facility equipped with advanced technology and software designed for processing, analyzing, and generating visual representations from raw data, particularly in the domain of geophysics. For instance, in May 2023, Shearwater GeoServices, a Norway-based company specializing in modern fleet and software solutions, inaugurated its Kuala Lumpur processing and imaging center. This center boasts state-of-the-art technology, including Shearwater Reveal and the company's advanced seismic data processing software and resources, aimed at providing unparalleled support to the oil and gas industry in the exploration and production of hydrocarbon resources.

In January 2025, Aker BP ASA, a Norway-based oil and gas company, partnered with PXGEO to deploy MantaRay ocean-bottom node seismic acquisition technology for subsurface exploration on the Norwegian Continental Shelf. Through this collaboration, the companies aim to improve the speed, accuracy, and environmental sustainability of seismic surveys, enabling more detailed subsurface data collection. PXGEO Limited, based in the UK, is a provider of geophysical services.

Major companies operating in the geophysical data collection market include Compagnie Générale de Géophysique SA, TGS-NOPEC Geophysical Company ASA, Dawson Geophysical Company, Geotech Ltd., Geophysical Survey Systems Inc., ION Geophysical Corporation, Phoenix Geophysics Limited, WesternGeco LLC, Petroleum Geo-Services ASA, CSA Global Pty Ltd., United States Geological Survey, UTEC Survey Incorporated, Geotec Engineering & Environmental Inc., Geophysics Limited, Geophex Ltd., EON Geosciences Inc., Sea Geo Surveys Pte Ltd., Ramboll Group A/S, Sercel SA, IRIS Instruments S.A.S., Gesellschaft für Forschung und Prüfung mbH, CGG SA, BGP Inc., Polarcus Limited, Halliburton Company, IG Seismic Services plc, Dolphin Geophysical Pte Ltd., COSL Geophysical (Cayman) Limited, SAExploration Holdings Inc., Spectrum Geophysics Services Ltd., Foundation Technology & Soil Mechanics Inc.

North America was the largest region in the geophysical data collection market in 2025. Western Europe was the second largest region in the geophysical data collection market. The regions covered in the geophysical data collection market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the geophysical data collection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The geophysical data collection market consists of revenue earned by entities by providing services such as locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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