Gravimeters Market By Output (Absolute and Relative), By Platform (Land-based, Marine-based and Airborne), By Application (Oil and Gas Exploration, Mineral Exploration, Geological Mapping, Civil Engineering and Others) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025

A gravimeter is a type of accelerometer that measures the gravitational force by constantly measuring the downward acceleration of the Earth’s gravity. Gravimeters are primarily used in exploration phases prospecting for subsurface deposits of natural resources such as mineral ores and petroleum reserves. In addition, these instruments are used by geodesists to study the gravitational field and shape of the Earth. Gravimeters are commonly used across various applications, including metrology, geodesy, seismology, petroleum and mineral exploration, geophysical surveys, and several others. 

The most prominent factor driving the gravimeters market is the superior benefits of gravity measurement compared to other exploration methods. Gravity measurement is relatively less costly and reliable than other methods, such as seismic exploration. Gravimeters are highly effective in applications having lower depths. In addition, gravity measurement is easy to perform and is a non-destructive process. Further, anticipated growth in the oil & gas sector is projected to emerge as a driving factor for the gravimeter market. However, declining exploration budgets from the mining industry may hamper the market growth of the segment.

The evolution of gravimeters, too, has played a crucial role in the market growth. For instance, absolute gravity measurement is a difficult method as it requires accurate measurement of time and distance. Over the period, lasers and atomic clocks have facilitated precise measurement of time and distance. This makes absolute gravity measurement more accurate and reliable. Another prominent factor driving the gravimeters market growth is the steady pace of advancement in the industry. Apart from land-based applications, gravimeters are now used on airplanes as well as ships. This significantly broadens and simplifies the application area of gravimeters, thereby supporting market growth. 

The “Global Gravimeters Market- Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” provides an in-depth analysis of the global gravimeters market in addition to market size and estimates for the period from 2015 to 2025. The research study provides strategic insights on various market segments based on output, platform, application, and cross-sectional analysis for different geographic regions. The report offers a comparative analysis of various segments for 2016 and 2025. 

To help decision-makers, the report covers competitive profiling of the leading manufacturers of gravimeters, the competitive landscape, and key market developments. The major players included in the report are Scintrex Limited, AOSense, Inc., Muquans SAS, ZLS Corporation, Micro-g LaCoste, Inc., GWR Instruments, Inc., and Canadian Micro Gravity Pty Ltd. 

Other detailed analysis covered in the report includes:

  • Current and future market trends to pointing out attractive investment areas within the gravimeters industry
  • Market drivers, market restraints, and their impact on the market estimations
  • In-depth competitive analysis
  • 2-year historic market size data (2015 – 2016) 

Overall, the research study provides a comprehensive view of the global gravimeters market, offering market size and estimates for the forecast period from 2017 to 2025, considering the above-mentioned dynamics.

The global gravimeters market is segmented, based on output, into the following categories:

  • Absolute
  • Relative

In 2016, the global gravimeters market was led by the relative gravimeters segment. The segment held almost three fourth of the overall market share in terms of value in 2016. Relative gravimeters are comparatively fast in operation and provide fairly accurate results. Due to ease of operation, these gravimeters have witnessed immense penetration in many applications. The absolute gravimeters segment has witnessed new product development recently, with researchers working on developing small and extremely cheap gravimeters. Introducing such tiny gravimeters could open up new avenues of applications that could not be achieved in the current state of the product.

The global gravimeters market is segmented, based on platform, into the following categories:

  • Land-based
  • Marine-based
  • Airborne

In 2016, the gravimeters market worldwide was led by the land-based gravimeters segment, accounting for over half of the overall market value. Due to a wider range of applications of land-based gravimeters as compared to other platforms, the segment is projected to remain dominant in the market during the forecast period. The land-based segment was followed by the marine-based gravimeters segment in 2016. In the following years, the airborne gravimeters segment is projected to register the highest growth in the market. This is primarily due to the increasing adoption of these platforms for geophysical studies.

The global gravimeters market has been segmented, based on geographical regions, as per the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

In 2016, North America dominated the gravimeters market because of its huge oil & gas and research sectors. The market here is primarily governed by the U.S., contributing to nearly 88% of the overall regional market value. Europe held the second largest share, after North America, in the overall gravimeters market across the globe. In the following years, Asia Pacific is set to register the highest growth in the market. This is primarily attributed to the relatively steady oil & gas and mining sector.

Frequently Asked Questions:

The market for Gravimeters is expected to reach US$ XX Bn in 2025.

The Gravimeters market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Scintrex Limited, AOSense, Inc., ZLS Corporation, GWR Instruments, Inc., Canadian Micro Gravity Pty Ltd. are some of the major players in the global market.

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Published Date:  Dec 2017
Category:  Technology & Media
Report ID:   58869
Report Format:   PDF
Pages:   130
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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