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Global Seismic Vessels Market by Type (Shallow Water, Deep Water), By Application (Oil & Gas, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-749
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 81
  • No. Of Pages: 234
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  • Pub. Date: 2021-03-01
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The Global Seismic Vessels Market size is expected to grow at a CAGR of 5.3% during the forecast period. The market size in terms of value, which was pegged at USD 3,872 million in 2018 is expected to reach USD 4,636 million by 2028 end. The shallow water type segment accounted for about 39% share of the total seismic vessels market and the deep water type segment accounted for about 60% share in 2018.


Seismic vessels are special types of ships that can be used for a variety of tasks. The most common ones include:

  • Deepwater seismic survey, which is the process by which geophysical data is collected to investigate submarine geological structures and potential world energy resources;
  • Cable laying operations such as pipeline or fiber optic cables installation in deep waters (more than 1000 meters) and good anchoring required along with cable route planning support;
  • Anchor handling to maintain position during drilling operation while keeping the drillship centered over its anchor point on the seafloor. This task requires high maneuverability combined with cargo capacity suitable for carrying heavy anchors, securing them safely onboard while maintaining stability at all times even when under extreme weather conditions, etc.


On the basis of Type, the market is segmented into Shallow Water and Deep Waters.


Shallow Water Seismic Vessels:

Shallow water vessels are designed to operate in waters with a depth of fewer than 100 meters. These seismic vessels provide high-quality imaging and detailed mapping of the seabed, which assists offshore drilling operations by analyzing potential oil and gas reserves.

Shallow water seismic vessels are used to detect the presence and location of geological formations that may contain hydrocarbons, which can be extracted for energy purposes. These types of vessels typically operate in waters less than 600 feet deep.


Deep Water Seismic Vessels:

Deepwater seismic vessel typically refers to a large offshore drilling rig that is used in the exploration of oil and gas reserves beneath deep waters. These vessels are designed for use in areas where the ocean depth exceeds 1500 meters, which accounted for over 40% of global crude oil production at present.


On the basis of Application, the market is segmented into Oil & Gas and Other. Oil & gas accounted for over 50% of the global deep-water seismic vessels in 2017. However, due to the recent drop in oil prices and economic slowdown in major industrial countries such as China (sitting at $629 billion), there has been a significant decline in demand for marine exploration activities which are expected to continue through 2028. As a result, other application segments like offshore wind energy generation constitute an important market opportunity with increasing investments from governments across the Asia Pacific region and Europe.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to take the largest share of this market during the forecast period. The US is one of the major countries in North America and accounted for a significant amount of seismic vessel construction activity, with an estimated investment worth USD 400 million from 2014-2020. The surge in exploration activities across Canada has led to increased demand for shallow water vessels, thereby providing more opportunities for manufacturers and suppliers.

Europe holds the second position on account of its dominance as regional headquarters for many companies engaged in the shipbuilding business. The Asia Pacific is projected to witness a high growth rate owing to factors such as increasing investments by oil & gas explorers along coastal areas coupled with growing offshore renewable energy projects being developed near coasts. Latin America also exhibits immense potential due to favorable conditions like geographical location, ample shoreline, and shallow water.


Growth Factors For The Global Seismic Vessels Market:

The growth drivers include increased demand for oil and gas, technological advancements in marine operations with deepwater exploration, offshore wind farms, and hydropower projects. However, the risk factors that might affect this market are environmental regulations such as International Maritime Organization (IMO) guidelines on ballast water management systems; lack of skilled labor; and shortage of supply chain partners’ capacity.


Up Market Research published a new report titled “Seismic Vessels Market research report which is segmented by Types (Shallow Water, Deep Water), By Applications (Oil & Gas, Other), By Players/Companies Mitsubishi Heavy Industries, Ltd., Ulstein Group, Singapore Technologies Engineering Ltd, Drydocks World, Hijos de J. Barreras SA, Factorias Vulcano, Niestern Sander, ASL Marine Holdings Ltd, Kleven Maritime AS, Cemre Shipyard, Besiktas Shipyard, Fosen Yard AS”. 


Report Scope

Report Attributes Report Details
Report Title Seismic Vessels Market Research Report
By Type Shallow Water, Deep Water
By Application Oil & Gas, Other
By Companies Mitsubishi Heavy Industries, Ltd., Ulstein Group, Singapore Technologies Engineering Ltd, Drydocks World, Hijos de J. Barreras SA, Factorias Vulcano, Niestern Sander, ASL Marine Holdings Ltd, Kleven Maritime AS, Cemre Shipyard, Besiktas Shipyard, Fosen Yard AS
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 234
Number of Tables & Figures 164
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Seismic Vessels Industry Outlook

Global Seismic Vessels Market Report Segments:

The market is segmented by Type Shallow Water, Deep Water and By Application Oil & Gas, Other.


Some of the companies that are profiled in this report are:

  1. Mitsubishi Heavy Industries, Ltd.
  2. Ulstein Group
  3. Singapore Technologies Engineering Ltd
  4. Drydocks World
  5. Hijos de J. Barreras SA
  6. Factorias Vulcano
  7. Niestern Sander
  8. ASL Marine Holdings Ltd
  9. Kleven Maritime AS
  10. Cemre Shipyard
  11. Besiktas Shipyard
  12. Fosen Yard AS

Seismic Vessels Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Seismic Vessels Market

Overview of the regional outlook of the Seismic Vessels Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Seismic Vessels Market Overview

Highlights of The Seismic Vessels Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Seismic Vessels Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Shallow Water

                2. Deep Water

       7. By Application:

                1. Oil & Gas

                2. Other

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Seismic Vessels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Seismic Vessels Market Statistics

Reasons to Purchase the Seismic Vessels Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Seismic Vessels Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Seismic Vessels Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Seismic Vessels Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Seismic Vessels Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Seismic Vessels Market Size & Forecast, 2018-2028 
      4.5.1 Seismic Vessels Market Size and Y-o-Y Growth 
      4.5.2 Seismic Vessels Market Absolute $ Opportunity 

Chapter 5 Global Seismic Vessels Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Seismic Vessels Market Size Forecast by Type
      5.2.1 Shallow Water
      5.2.2 Deep Water
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Seismic Vessels Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Seismic Vessels Market Size Forecast by Applications
      6.2.1 Oil & Gas
      6.2.2 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Seismic Vessels Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Seismic Vessels Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Seismic Vessels Analysis and Forecast
   9.1 Introduction
   9.2 North America Seismic Vessels Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Seismic Vessels Market Size Forecast by Type
      9.6.1 Shallow Water
      9.6.2 Deep Water
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Seismic Vessels Market Size Forecast by Applications
      9.10.1 Oil & Gas
      9.10.2 Other
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Seismic Vessels Analysis and Forecast
   10.1 Introduction
   10.2 Europe Seismic Vessels Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Seismic Vessels Market Size Forecast by Type
      10.6.1 Shallow Water
      10.6.2 Deep Water
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Seismic Vessels Market Size Forecast by Applications
      10.10.1 Oil & Gas
      10.10.2 Other
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Seismic Vessels Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Seismic Vessels Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Seismic Vessels Market Size Forecast by Type
      11.6.1 Shallow Water
      11.6.2 Deep Water
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Seismic Vessels Market Size Forecast by Applications
      11.10.1 Oil & Gas
      11.10.2 Other
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Seismic Vessels Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Seismic Vessels Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Seismic Vessels Market Size Forecast by Type
      12.6.1 Shallow Water
      12.6.2 Deep Water
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Seismic Vessels Market Size Forecast by Applications
      12.10.1 Oil & Gas
      12.10.2 Other
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Seismic Vessels Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Seismic Vessels Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Seismic Vessels Market Size Forecast by Type
      13.6.1 Shallow Water
      13.6.2 Deep Water
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Seismic Vessels Market Size Forecast by Applications
      13.10.1 Oil & Gas
      13.10.2 Other
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Seismic Vessels Market: Competitive Dashboard
   14.2 Global Seismic Vessels Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Mitsubishi Heavy Industries, Ltd.
      14.3.2 Ulstein Group
      14.3.3 Singapore Technologies Engineering Ltd
      14.3.4 Drydocks World
      14.3.5 Hijos de J. Barreras SA
      14.3.6 Factorias Vulcano
      14.3.7 Niestern Sander
      14.3.8 ASL Marine Holdings Ltd
      14.3.9 Kleven Maritime AS
      14.3.10 Cemre Shipyard
      14.3.11 Besiktas Shipyard
      14.3.12 Fosen Yard AS
Segments Covered in the Report
The global Seismic Vessels market has been segmented based on

By Types
  • Shallow Water
  • Deep Water
By Applications
  • Oil & Gas
  • Other
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Mitsubishi Heavy Industries, Ltd.
  • Ulstein Group
  • Singapore Technologies Engineering Ltd
  • Drydocks World
  • Hijos de J. Barreras SA
  • Factorias Vulcano
  • Niestern Sander
  • ASL Marine Holdings Ltd
  • Kleven Maritime AS
  • Cemre Shipyard
  • Besiktas Shipyard
  • Fosen Yard AS

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