According to the report, Increasing demand from exploration and production companies in emerging countries
is one of the primary growth factors for the market. The increase in oil and gas exploration activities in emerging regions
is also expected to contribute significantly to the Marine Seismic Equipment & Acquisition market. Overall, Multi-Client Seismic Acquisition
applications of Marine Seismic Equipment & Acquisition, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Marine Seismic Equipment & Acquisition Market identified that the demand is rising in many different parts of the world due to "Expansion in the oil and gas industry in the emerging countries
". Furthermore, some recent industry insights like "On 7 February 2020, Shearwater GeoServices Holding AS has announced that the company has been awarded a contract by Reliance Industries Ltd for 3D broadband marine seismic acquisition in the Bay of Bengal, India. The project is expected to commence in the second quarter of 2020. Moreover, the survey would be executed by the Polar Duchess using a Dual-source design and would be covering 1,500 sq. km of KG-UDWHP-2018/1 block in the Krishna-Godavari basin." is constantly making the industry dynamic. One of the challenges that industry facing is "Development of low cost and efficient marine seismic equipment"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Marine Seismic Equipment & Acquisition market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Marine Seismic Equipment & Acquisition market and other related sub-markets covered in the study.
o Key & emerging players in the Marine Seismic Equipment & Acquisition market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Marine Seismic Equipment & Acquisition market size is calculated using market estimation process, the Marine Seismic Equipment & Acquisition market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Marine Seismic Equipment & Acquisition market size has been validated using both top-down and bottom-up approaches.