Industry Analysis & Industry Trends
The industry's heavy reliance on energy companies resulted in extreme fluctuations during the five years to 2012. Nevertheless, as investment in oil and gas exploration returns, operators will experience sustained growth. In particular, rising crude oil and gas prices will cause a rebound in demand. Further, firms entering the industry will likely target highly specialized markets, including deep-sea surveys... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has significant barriers to the entry of new competitors, principally associated with high business start-up costs, current oversupply in the global market and difficulties in establishing a foothold in the narrowing client base.
This industry often operates in an excess supply condition in terms of capital equipment and the number of competing firms. For example, in August 2004, the World Geophysical News (WGN) reported that 163 seismic crews were operating globally with a further 352 crews available for work but un-contracted. In the US market, the capacity utilization was much higher than the global average with 49 crews operational of a possible 60 crews (about 82.0%)... purchase to read more