Seismic Survey Market Outlook:
Seismic Survey Market size was over USD 9.6 billion in 2025 and is estimated to reach USD 15.5 billion by the end of 2035, expanding at a CAGR of 5.5% during the forecast timeline, i.e., 2026-2035. In 2026, the industry size of seismic survey is evaluated at USD 10.1 billion.
The worldwide seismic survey market is evolving as a vital component for hydrocarbon exploration, but its role is broadening into infrastructure development, geothermal energy, mining, and carbon capture and storage (CCS). According to an article published by the IEA Organization in 2025, carbon capture, utilization, and storage (CCUS) has been growing substantially, with more than 700 projects in different developmental stages. In 2023, the announced capture capacity for 2030 was enhanced by 35%, while the announced storage capacity increased by 70%. This has brought the overall carbon dioxide amount that is projected to be captured by the end of 2030 to almost 435 million tons every year, along with announced storage capacity to nearly 615 million tons of carbon dioxide every year. This has also created an optimistic outlook for the net-zero scenario, thereby suitable for uplifting the market’s exposure globally.
Current Capacity and Planned Carbon Dioxide Capture Projects and the NetZero Scenario (2020-2030)
|
Year |
Operating (Million Tons CO2 Per Year) |
Under Construction (Million Tons CO2 Per Year) |
Advanced Development (Million Tons CO2 Per Year) |
Concept and Feasibility (Million Tons CO2 Per Year) |
Gap to NZE (Million Tons CO2 Per Year) |
|
2020 |
46 |
- |
- |
- |
- |
|
2022 |
48 |
- |
- |
- |
- |
|
2024 |
50 |
7 |
7 |
1 |
- |
|
2026 |
50 |
33 |
48 |
37 |
- |
|
2028 |
50 |
38 |
117 |
90 |
- |
|
2030 |
50 |
38 |
142 |
205 |
589 |
Source: IEA Organization
Furthermore, the adoption of 3D and 4D imaging, machine learning and artificial integration (AI) integration, marine nodal systems, multi-client data libraries, along with ESG and sustainability compliance, are other drivers that are fueling the seismic survey market globally. As per an article published by NLM in August 2023, the aspect of lung nodules from CT scans segmentation utilizing AI has displayed superior performance in the early treatment and detection of lung cancer by achieving the area under the receiver operating characteristic curve (AUROC) of 94.4%. Besides, the comparison between AI-driven computer-aided diagnostics (CAD) and conventional CAD software has readily outperformed with the AI implementation by lowering false-positive marks per image (FPPI) by an effective 69%. This has specifically exceeded in recognizing masses and microcalcifications, thereby diminishing false positives by 56% and 83%, thereby suitable for bolstering the seismic survey market’s expansion and demand.
