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Seismic survey is a method of exploring subterranean structure related to exploration for petroleum, natural gas, and mineral deposits. The procedure is based on determining the time interval that elapses between the initiation of a seismic wave at a selected shot point (the location where an explosion generates seismic waves) and the arrival of reflected or refracted impulses at one or more seismic detectors. Seismic equipment offers detailed images of the sub-surface and enables detection of both lateral and depth variations, which drives the global seismic survey equipment market.

Consistent rise in oil & gas exploration activities across the globe by using seismic survey technology, which enhances the search and drives the overall search progression at the higher end, is estimated to boost the global seismic survey equipment market during the forecast period.

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Seismic surveying is one of the most effective ways to explore rock and subsoil. It is ideal for finding groundwater, oil, and useful minerals. Common applications of seismic surveys are depth to bedrock, site investigation, geotechnical properties, groundwater exploration, and hydrocarbon and coal exploration.

A seismic survey for the subsurface study is responsible for induced seismicity and emission to the environment. In shale gas exploration, initially, a small quantity of water is used for drilling a bore well, and later a measured amount is used. The seismic survey equipment used during the hydraulic fracturing for the study of environment propels the demand for the global seismic survey equipment.

Moreover, road infrastructure is used for the transportation of water and heavy equipment. In fracking fluid, chemicals are added, and the flow back water is highly contaminated. There is a need to measure hazard in gas exploration, which in turn is expected to boost the demand for seismic survey equipment.

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Earthquake is one of the major hazards during hydraulic fracturing. Monitoring of induced seismicity is necessary during hydraulic fracturing, and a proper logbook should be maintained by the operator. Monitoring is also necessary while injecting flow backwater into deep wells. These are two major hazards for induced seismicity, which in turn propel the global seismic survey equipment market.

Miniaturization of electronics, such as seismic sensors, is estimated to offer lucrative opportunities for the seismic survey equipment market during the forecast period. However, stringent government rules and regulations and the high cost of the seismic survey equipment may hamper the seismic survey equipment market.

The demand for seismic survey equipment is expected to rise substantially, owing to the rising adoption of seismic surveys technologies such as 3D imaging and data acquisitions, among others, in the brownfield projects where the development work is carried out in the place where prior work has been done and the field is in rebuilt, modify mode. Development and deployment of such a technology are expected to offer lucrative opportunities for the global seismic survey equipment market.

Quick progressions and redevelopment in the Brownfield project site, which has been used previously but is lying vacant or unused now propels the demand for the global seismic survey equipment market. Such Brownfield project sites are found mostly in Western countries and have been used for oil refineries, railroads, gas stations, or heavy manufacturing plants. In such redevelopment sites, seismic survey equipment provides detailed images of the sub-surface, which offers detection of both lateral and depth variations, and direct detection of hydrocarbon and delineates stratigraphically. These factors are projected to propel the seismic survey equipment market during the forecast period.

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In terms of component, the global seismic survey equipment market has been segregated into hardware, software, and services. Hardware segment held the highest share in the market in 2021, owing to growing technological advancements in equipment and rising oil & gas exploration activities across the globe. Seismic survey equipment include various detectors such as hydrophones, geophones, and various seismic sources such as Vibroseis, air gun, and dynamite to generate the seismic waves.

Moreover, software is one of the fastest emerging segments in the seismic survey equipment market, owing to growing digitalization in the industry and adoption of innovative solution from end-use industries. Furthermore, some of the major market participants also provide solution in the market and contribute to the market growth such as Sercel and Kappa Offshore Solutions jointly launch PIKSEL in March 2021. PIKSEL draws on the low noise operation of its hydrophone design as well as an upgrading rigging and handling system that reduced vibration. For highest broadband imaging, PIKSEL used for to ensure the most accurate and noise-free signal possible.

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