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2024 U.S. Industry Statistics & Market Forecast - Geophysical Surveying and Mapping Services
Market Size & Industry Statistics
The total U.S. industry market size for Geophysical Surveying and Mapping Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Geophysical Surveying and Mapping Services industry include:- Increased demand for renewable energy projects
- Advancements in remote sensing technology
- Integration of AI and machine learning
- Growing environmental concerns and regulations
- Expansion of offshore oil and gas exploration activities
- Enhanced data analytics capabilities
- Global economic and political fluctuations
- Rising competition from in-house geological survey teams
- Technological innovations in drones and unmanned vehicles
- Shift towards sustainable practices and green technology
- Increased use of geospatial data in urban planning and development
- Demand for high-resolution 3D and 4D seismic imaging techniques
- Growth in infrastructure projects in developing nations
- Higher scrutiny around data privacy and cybersecurity
- Increased outsourcing of surveying services to cost-effective regions
Product & Services Breakdown
Research products and services in the Geophysical Surveying and Mapping Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Geophysical Data Collection |
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Geophysical Data Acquired By Seismic Methods |
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Geophysical Data Processing |
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Integrated Geophysical Services |
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Processing And Interpreting Geophysical Data |
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Geophysical Borehole Logging Surveys |
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Acquiring And Processing Geophysical Data Collected By Seismic Methods |
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Geophysical Data Sales |
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Geophysical Data Management Services |
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Geophysical Consulting Services (Include Expert Witness Services.) |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Geophysical Surveying and Mapping Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Geophysical Surveying and Mapping Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Geophysical Surveying and Mapping Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Business and Financial Operations Occupations | 11% | |||
| Business Operations Specialists | 9% | |||
| Computer and Mathematical Occupations | 6% | |||
| Computer Occupations | 6% | |||
| Architecture and Engineering Occupations | 45% | |||
| Architects, Surveyors, and Cartographers | 9% | |||
| Architects, Except Naval | 7% | |||
| Architects, Except Landscape and Naval | 6% | |||
| Engineers | 23% | |||
| Civil Engineers | 10% | |||
| Civil Engineers | 10% | |||
| Drafters, Engineering Technicians, and Mapping Technicians | 13% | |||
| Drafters | 6% | |||
| Engineering Technologists and Technicians, Except Drafters | 5% | |||
| Office and Administrative Support Occupations | 8% | |||
Geophysical Surveying and Mapping Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Geophysical Surveying and Mapping Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Geophysical Surveying and Mapping Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Geophysical Surveying and Mapping Services industry. |
Source:
Innovation News
- May 09, 2024: Borehole Seismic patents High Resolution Composite Seismic Imaging, Systems And Methods
- May 09, 2024: Borehole Seismic patents High Resolution Composite Seismic Imaging, Systems And Methods
- May 09, 2024: Borehole Seismic patents Monitoring And Perforating System And Method Combining Plug And Perforation Operation With Distributed Acoustic Sensing
- Jan 29, 2024: Ground Penetrating Radar Systems trademarks "INTELLIGENTLY VISUALIZING THE BUILT WORLD" - Building inspection in the course of building construction; Consultancy and information services in the field of construction; Consultancy and information services relating to construction; Inspection services in the course of construction of buildings, roads, and bridges using ground penetrating radar scanning
- Jan 26, 2024: U.s. Surveyor trademarks "CRE-SURVEYOR" - Land surveying; Professional consulting services in the fields of engineering, land use planning, surveying, and environmental sciences
- Jan 24, 2024: Skytruth trademarks "CERULEAN" - Providing information via the Internet based on satellite imagery and artificial intelligence regarding the impacts of global shipping and offshore oil production on the ocean and climate; Providing temporary use of a non-downloadable web application for tracking the impacts of global shipping and offshore oil production on the ocean and climate
- Nov 30, 2021: Saexploration Seismic Services US raises $21 million in funding.
- Oct 04, 2018: Saexploration Seismic Services US raises $60 million in funding.
- Jul 09, 2013: Saexploration Seismic Services US raises $41 million in funding.
Recent Federal Contracts for Geophysical Surveying and Mapping Services
- Apr 02, 2024: AERO GRAPHICS, INC (Salt Lake City, UT) awarded $2,155,139
- Mar 29, 2024: SURVEYING AND MAPPING, LLC (Austin, TX) awarded $6,096,665
- Mar 29, 2024: NV5 GEOSPATIAL, INC. (Saint Petersburg, FL) awarded $1,104,412
- Mar 29, 2024: BLUE MARBLE GROUP INC (Hallowell, ME) awarded $78,750
- Mar 26, 2024: KFS, LLC (Huntsville, AL) awarded $400,000
- Mar 22, 2024: HILLCREST AIRCRAFT COMPANY (Lewiston, ID) awarded $26,146
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