Seismometers Market Size Worth USD 190.1 Million in 2032 | Emergen Research

Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The global seismometers market size was USD 105.00 Million in 2022 and is expected to register a rapid revenue CAGR of 6.3% during the forecast period. Rising demand for Oil & Gas (O&G) exploration, increasing and concerns about natural disasters, advancements in seismometer technology, and technological integration with Internet of Things (IoT) and big data are key factors driving market revenue growth.

Increasing investments in due to their role in enhancing safety measures infrastructure is another key factor driving revenue growth for the market. Seismic sensors proactively monitor the impact of daily vibratory loads on infrastructure foundations, including foot, automobile, and train traffic. This real-time monitoring capability allows for the identification of potential issues before they escalate, contributing to the overall safety of smart infrastructure. As cities and regions invest in the development and maintenance of structures, the integration of seismic sensors becomes essential for effective risk mitigation and creation of resilient, safe, and sustainable infrastructure.

The high cost associated with manufacturing and deploying seismometers is a key factor, which could restrain market revenue growth. Advanced seismometer models, especially those used in large-scale projects such as ANTARES (Astronomy with a Neutrino Telescope and Abyss environmental Research) project or lunar missions, involve sophisticated technology and intricate components, contributing to elevated production costs.

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A recent trend in the market is increasing need for ultra-dense seismic instrument. Ultra-dense seismic instrument, exemplified by nodal arrays and fiber-optic sensing technologies, represent a transformative leap in seismic monitoring. Nodal arrays, such as the Long Beach array with 5200 nodes, offer advantages in easy deployment, flexibility, and high-density coverage, providing unprecedented high-resolution data for regional seismic studies. These instruments enable enhanced earthquake detection, fault zone imaging, and rapid response monitoring, showcasing their potential for both induced seismicity and natural earthquake events.

Segment Insights

Product Insights:

On the basis of product, the global seismometers market is segmented into short period, intermediate period and long period seismometers. The short period seismometer accounted for largest revenue share in the global seismometers market in 2022 due to their specialized design catering to earthquake monitoring in local regions, particularly within approximately 500km of the sensor. The SPS-HS, a commonly used short-period seismometer, offers a frequency range of 2Hz to 1600Hz, making it ideal for detecting high-frequency signals associated with earthquakes. Most stations in the Seismology Research Centre (SRC) observatory network utilize short-period sensors, emphasizing their practicality for earthquake detection in the local vicinity. In addition, the SRC's short-period sensors, such as Gecko Tremor, provide digital data logging capabilities, enhancing data collection and analysis.

Application Insights:

On the basis of application, the global seismometers market is segmented into marine and land. The marine segment is expected to account for significantly large revenue share in the global seismometers market during the forecast period. This is due to marine seismic refraction, particularly in applications such as bedrock mapping, sediment compaction analysis, and geotechnical parameter determination. The method involves generating seismic waves through airgun signals, enabling the measurement of refracted waves and providing crucial data on subsurface structures. The versatility of marine seismic refraction, combined with advancements in processing techniques, makes marine-based seismometers indispensable for geological modeling. In addition, rising number of applications, coupled with their non-intrusive near-surface is also expected to drive revenue growth of this segment during the forecast period.

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Regional Insights:

North American market accounted for largest revenue share in the global seismometers market in 2022 due to rising demand for seismometers in the energy sector. Seismic waves and seismometers are extensively used in the exploration of oil and natural gas. In addition, rising demand for accurate and advanced seismic technologies in energy exploration is also expected to drive market revenue growth of this region during the forecast period.

Europe market is expected to register fastest revenue growth rate in the global seismometers market over the forecast period due to increasing need for seismic monitoring and research activities in the region. The European region is known for its seismic activity, and the need for advanced and reliable seismometers is crucial for monitoring and understanding earthquake patterns.

Scope of Research

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Major Companies and Competitive Landscape

The global seismometers market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient seismometers products in the market.

Some major players included in the global seismometers market report are:

• Kinemetrics
• Güralp Systems Ltd.
• GeoSIG Ltd.
• Nanometrics
• IRIS (Incorporated Research Institutions for Seismology)
• ZETLAB Company
• Seismic Instruments Inc.
• Quanterra Inc.
• GeoSpace Labs
• ISTI (Incorporated Seismological Technologies, Inc.)
• Kinetics Noise Control
• AFTAC (Air Force Technical Applications Center)
• Kinetics Instruments
• GeoSIG SA
• OYO Corporation
• GeoSIG Measurands
• Anhui Ruisen Geophones Company
• RST Instruments Ltd.
• Nanometrics Incorporated
• K-TEC Earthmovers Inc.

Strategic Development

• On 10 February, 2023 A team of scientists, including researchers from the University of Oxford, deployed 20 seismic 'Nodes' by STRYDE, the world's smallest land seismometers, on Antarctica's Brunt Ice Shelf. Partnering with the UK Space Agency and British Antarctic Survey, the experiment aims to test the seismometers' performance in an environment resembling icy moons. The data collected on seismic vibrations will aid in understanding ice shelf dynamics.
• On 26 May, 2022, STRYDE deployed 20 cutting-edge seismic 'Nodes' in Antarctica, marking the first use of these world's smallest land seismometers in the region. The project, a collaboration with BAS, UK Space Agency, and University of Oxford, aims to test seismometers in Antarctica's extreme conditions, serving as a model for potential deployment on icy moons. The seismic data collected will contribute to understanding the dynamics of Brunt Ice Shelf and has implications for climate change. STRYDE's Nodes, originally designed for Mars exploration, demonstrate potential for future space missions, positioning the UK as a leader in space science and exploration.

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Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global seismometers market on the basis of type, application, component, end-use, product, range, output, and region:

• Type Outlook (Revenue, USD Million; 2019-2032)

• • Short Period
  • Intermediate Period
  • Long Period

• Application Outlook (Revenue, USD Million; 2019-2032)
  • Marine
  • Land
• Component Outlook (Revenue, USD Million; 2019-2032)
  • Sensors
  • Data Acquisition
  • Power Supplies
  • Auxiliary Equipment
• End-use Outlook (Revenue, USD Million; 2019-2032)
  • Oil & Gas (O&G)
  • Mining
  • Construction
  • Research Institutes
  • Government Agencies

• Product Outlook (Revenue, USD Million; 2019-2032)

• • Tele Seismometers
  • Strong-Motion Seismometers
  • Strain-Beam Seismometers

• Range Outlook (Revenue, USD Million; 2019-2032)

• • 20,000 V/M
  • 1,500 V/M
  • 50 to 750 V/M

• Output Outlook (Revenue, USD Million; 2019-2032)

• • Analog
  • Digital

•       Regional Outlook (Revenue, USD Million; 2019–2032)

• • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

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