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Geophysical Services in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL54136CA

Geophysical Services in Newfoundland industry analysis

Revenue for the Geophysical Services industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has decreased an annualized -x.x% to xx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

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About the Geophysical Services in Newfoundland Market Research Report

What’s Included in the Geophysical Services in Newfoundland Market Research Report

Definition of the Geophysical Services in Newfoundland?

Operators in the Canadian Geophysical Services industry gather, interpret and map geophysical data. They often specialize in locating and measuring the extent of subsurface resources, such as oil, gas and minerals, but may also conduct surveys for engineering purposes. Operators use a variety of surveying techniques depending on the purpose of the survey, including magnetic surveys, gravity surveys, seismic surveys or electrical and electromagnetic surveys.

What’s included in the Geophysical Services in Newfoundland?

The Geophysical Services in Newfoundland includes geophysical surveying and mapping of subsurface terrain or formations, identifying subsurface fault lines and mineral deposits, performing magnetic surveys, performing gravity surveys, performing seismic surveys, performing electrical and electromagnetic surveys, geophysical surveying for metal mining (contract basis), geophysical surveying for oil and gas fields (contract basis) and geophysical surveying for nonmetallic minerals (contract basis). Related terms covered in the Geophysical Services in Newfoundland industry report includes combination of the principles of geology and physics that are used to study the substrata of the earth and its oceans. used extensively in oil and gas exploration, mineral deposits and in archaeology, form of geophysical survey that measures the properties of the earth by seismic waves using magnetic, electric, gravitational, thermal and elastic theories and team of people who conduct seismic and other tests and exploratory drills to determine the properties of the earth.

Industry Performance of the Geophysical Services industry in Newfoundland

Benchmark the Geophysical Services in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Geophysical Services in Newfoundland

#7 in Highest Revenue 1.4% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth ()

Geophysical Services in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Geophysical Services industry in Newfoundland

See how key industry drivers, such as private investment in non-residential construction, new business formation, gross domestic product, world production of oil, demand from mining (except oil and gas) and world price of natural gas are impacting Geophysical Services in Newfoundland

Newfoundland Economic Indicators

Private Investment in Non-Residential Construction
New Business Formation
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

World production of oil
Demand from mining (except oil and gas)
World price of natural gas

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Geophysical Services industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Geophysical Services in Newfoundland, such as St. John's, Corner Brook and Grand Falls-Windsor. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Geophysical Services industry in Newfoundland

Download 17 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Geophysical Services industry in Newfoundland in 2025?

The market size of the Geophysical Services industry in Newfoundland is $12.9m in 2025.

How many businesses are there in the Geophysical Services industry in Newfoundland in 2025?

There are 15 businesses in the Geophysical Services industry in Newfoundland, which has been declining at an average annual rate of -3.6% from 2020 to 2025.

Has the Geophysical Services industry in Newfoundland grown or declined over the past 5 years?

The market size of the Geophysical Services industry in Newfoundland has been growing at an average annual rate of 3.5% from 2020 to 2025.

How many employees in the Geophysical Services industry in Newfoundland in 2025?

There are 43 employees in the Geophysical Services industry in Newfoundland, which has been declining at an average annual rate of -0.5% from 2020 to 2025.