Electromagnetic Geophysical Services Market Size - By Technology, By Survey Type, By End Use, Analysis, Share, & Forecast, 2025 - 2034

Electromagnetic Geophysical Services Market Size

The global electromagnetic geophysical services market was estimated at USD 2.9 billion in 2024 and is estimated to reach the value of USD 5.7 billion by 2034, growing at a CAGR of 6.8% from 2025 to 2034. Growth in the need for advanced subsurface mapping technologies in various fields, particularly in mineral exploration and environmental assessment, is fueling the market. 
 

While sustainable resource extraction focus is driving the need for accurate geological data, the adoption of electromagnetic survey techniques is also increasing. Recent advancements in technology have improved survey resolution and depth penetration capabilities, particularly in difficult areas. For example, in November 2021, CGG announced the launch of TailingsPulse, a new self propelled aerial electromagnetic solution designed for safer and more sustainable monitoring of mine tailings facilities.
 

The integration of data analytics and geospatial technologies has improved data interpretation efficiency. The industry is also developing for new investments in exploration and changes in regulatory frameworks. For instance, Canada is advancing its critical minerals sector by increasing the 15% Mineral Exploration Tax Credit for two more years as well as launching a USD 500 million Critical Minerals Infrastructure Fund proposal in March 2025.
 

The competition includes both older and newer market players who individually or collaboratively create advanced solutions for the market. The companies are also increasingly forming alliances and broadening the scope of services offered in order to enhance market capture.
 

Electromagnetic Geophysical Services Market Trends

• The magnetic geophysical services industry is evolving due to the advancements in technology and business needs. There is a growing use of drones for airborne magnetic flights because they are cost effective and can reach difficult areas. The use of artificial intelligence and machine learning improves capabilities in data interpretation resulting in better imaging of subsurface features.
   
• The integration of advanced sensors and data analytics improves the precision and efficiency of subsurface mapping, serving the requirements of oil and gas exploration, mining, and environmental monitoring sectors. For instance, in August 2022, Schlumberger partnered with Microsoft to develop cloud-native data products for the energy sector. Seismic Processing will be constructed on the OSDU Data Platform, and will become the first seismic processing solution in the industry offered on cloud.
   
• As industry shifts towards more sustainable practices, environmental factors now impact exploration methods. The integration of AI and machine learning technologies simplifies the processes of data interpretation. For instance, the Geological Survey of India plans to adopt AI and ML for enhancing the efficiency of mineral exploration as of March 2025. These technologies will accelerate data analysis, allow 4D modeling, and improve the identification of concealed resources.
   
• Land-based surveys are gaining in importance due to their adaptability and low costs in relation to other methods for a variety of geological and environmental undertakings. The developing infrastructure of cities coupled with the progressive policies in the region has a strong support for the market growth in the Asia Pacific region.
   
• To illustrate, the Australian Government has pledged to spend USD 23 billion from the budget of 2023-2024 towards the expansion and modernization of the country’s electricity infrastructure and is expected to enhance energy performance and support electrification.
   

Electromagnetic Geophysical Services Market Analysis

• The technology segment in the electromagnetic geophysical services industry is evolving with advancements in EM receivers/transmitters, TDEM/FDEM, magnetotellurics (MT) and others. The market was valued at USD 2.5 billion, USD 2.7 billion and USD 2.9 billion in 2022, 2023 and 2024 respectively. The EM receivers/transmitters technology dominates the market and is expected to cross over USD 1.5 billion by 2034.
   
• Electromagnetic (EM) receivers and transmitters are improving subsurface imaging accuracy and depth capabilities, enabling more efficient resource identification. For example, CGG and BP discussed in March 2023 how sophisticated techniques such as full-waveform inversion and ocean bottom node surveys are enhancing subsurface imaging in Egypt. 
   
• The Time-Domain Electromagnetics (TDEM) and Frequency-Domain Electromagnetics (FDEM) techniques have been advanced to provide faster data collection to suit varying exploration requirements. The adoption of magnetotellurics (MT) technology is on the rise as it supports the advanced detailed deep subsurface structural elucidation necessary for minerals and hydrocarbon exploration. 
   
• Due to recent developments in technology, the application of electromagnetic geophysical services is growing across a widening array of fields. For example, in December 2022, University of Hong Kong Researchers created Ambient Noise Differential Adjoint Tomography that improves the imaging of fluid infused rocks which is a remarkable achievement.
   

• The survey type segment in the electromagnetic geophysical services market is evolving with advancements in land-based, marine-based, and aerial-based techniques. The land based survey type held 53% of market share in 2024 and is anticipated to grow at a CAGR of over 6.5% through 2034.
   
• Land based surveys continue to be the havers of the market as they are flexible and more cost-effective in the context of mineral exploration and infrastructure development. For example, in June 2022, the USGS Earth Mapping Resources Initiative (Earth MRI) received USD 74 million to execute land-based geophysical surveys for precious minerals over multiple states.
   
• Marine-based surveys are pivotal to the development of resources in the underwater regions and also aid in the exploration of oil and gas offshore, along with the evaluation of minerals available on the seabed. For instance, in February 2024, CSA Ocean Sciences Inc. received a General Offshore Geophysical Survey Permit from the California State Lands Commission to undertake low energy marine surveys within 3 miles of the California coastline.
   
• The development of drone technologies is enhancing the market scope of aerial-based surveys by making data collection over vast and inaccessible areas easier and more efficient. These studies have become standard practice both for monitoring the environment and for large-scale geological mapping, demonstrating the industry’s change towards faster and comprehensive surveying methods. 
   

• The U.S. electromagnetic geophysical services market experienced significant growth in 2022, 2023 and 2024 and was valued at USD 832.9 million, USD 891.5 million and USD 953.2 million respectively. The market is estimated to reach over USD 1.5 billion by 2034.
   
• Automation of data processing and interpretation is accompanied by the use of AI and 3D seismic imaging integration subsurface feature identification. Additionally, there is growing focus on the environmental aspects of geothermal energy. 
   
• The expansion of offshore activities increases the demand for marine geophysical surveys. In February 2024 for example, CSA Ocean Sciences, Inc. was granted a low energy marine survey permit off the California coastline for wind energy advancement purposes.
   
• The alteration in tariffs within the U.S. has negatively affected the electromagnetic geophysical services industry by inflating the operational costs associated with the importation of vital equipment such as sensors and transmitters. Service providers, struggling with these additional costs, may end up with reduced profit margins and lower investment in technological advancements because increased operational expenses are not offset by revenue.
   
• For example, President Donald Trump’s sweeping tariffs imposed in April 2025 which included a 10% levy on UK imports and increased rates for China, the EU, India, and Vietnam. His tariffs are set to influence global trade and the U.S. economy alongside other relations.
   
• The European electromagnetic geophysical services market growth stems from investments in mineral exploration and renewable energy projects. Germany sustains its market leadership owing to its industrial backbone as well as focus on renewable resource.
   
• East Germany’s presentation of passive geological engineering for high-level radioactive waste disposal sites strengthens the region’s regulatory frame as well as advancements in geophysical mapping technology. For example, in June 2023, Germany’s BGE set aside 150 square kilometers in Baden-Württemberg for the GeoMetEr Project, which examines the use of passive geophysical techniques for evaluating prospects for high-level radioactive waste disposal sites.
   
• The Asia Pacific electromagnetic geophysical services market expands through increased demand for mineral resources and infrastructure development projects. China dominates the regional market due to its energy transition objectives and exploration investments.
   
• The region experiences growth through increased implementation of geophysical tools for resource mapping and environmental assessments. For instance, in February 2025, China deployed its first helicopter-based magnetotelluric system to support geological surveys for a plateau railway, boosting data collection in difficult terrain.
   
• The Middle East & Africa region expands its market through oil explorations and diversification initiatives. The UAE is a forerunner in the application of electromagnetic geophysical services for hydrocarbon and geothermal energy projects. Increased focus on modern surveying methods and energy efficiency in the region propels market growth, as well as technology capture.
   
• In 2024 November, ADNOC granted BGP Inc. a contract worth USD 490 million to extend the 3D seismic survey in Abu Dhabi. The project employs AI for data analysis and also advances local economic development through the In-Country Value program of ADNOC.
   

Electromagnetic Geophysical Services Market Share

The top six companies in the electromagnetic geophysical services industry includes SLB, Fugro, CGG, PGS, TGS, and Weatherford, which collectively hold a market share of over 35%. The companies have developed a large market presence with the help of cutting edge geophysical technologies, global scale services, and international operations within a range of industries like oil and gas, mining, and environmental science.
 

SLB (Schlumberger Limited) has the greatest market share of electromagnetic geophysical services. Schlumberger’s market position is attributed to its logistical coverage across SLB’s regions of operation, highly advanced and diversified service capabilities. Constructing Advanced Engineering Systems, SLB develops integrated and innovative electromagnetic geophysical methods tailored to specific industry requirements using modern technologies. 
 

In April 2025, SLB partnered with Shell to expand the use of Petrel subsurface software for enhanced digital workflows and powered AI-enhanced seismic interpretation for OSDU Technical Standard compliance.
 

Electromagnetic Geophysical Services Market Companies

• Fugro conducts electromagnetic geophysical surveys that aid in energy, infrastructural, and environmental projects. The company delivers high-resolution data using remote sensing and subsurface imaging technologies. It maintains a global presence and invests in research to improve its offshore and land-based applications. As an illustration, in April 2023, the offshore wind farm inspection at Aberdeen was performed using Blue Essence USV’s Blue Volta eROB for the very first autonomous remote inspection and ‘eyes off’ system operation. This method increased safety, offered real-time information, and reduced carbon emissions by 95% compared to other methods.
   
• CGG operates in the electromagnetic geophysical services domain offering subsurface imaging and geoscience imaging solutions. The company’s data processing and electromagnetic technologies aid in addressing the energy transition project’s exploitation needs. Its service portfolio and collaborative ventures stimulate expansion in marine, land, and airborne survey reconnaissance. In January of 2023, CGG was contracted by Petrobras to perform 4D geoscience analysis in the pre-salt deep-water fields of Brazil.
   
• PGS is focused on marine geophysical services, particularly in the seismic and electromagnetic domains. The company's capabilities in reservoir characterization enable oil and gas exploration via the recently developed electromagnetic technology. PGS combines an extensive data library with operational infrastructure to improve the effectiveness of exploration and mitigate risks. In July 2024, PGS merging with TGS in a transaction worth USD 862 million sought to elevate the company to one of the global leaders in the provision of services and data in the energy domain.
   
• TGS provides multi-client geophysical data which includes electromagnetic, seismic, and well data. The company possesses an extensive data library and generously provides analytics services that guide exploration decisions. Their strategy is focused on the development of offshore resources and international collaboration in areas that are major energy provinces. For instance, in February 2024, TGS with SLB initiated Phase 5 of their Ocean Bottom Node survey in the U.S. Gulf of Mexico with the intent of enhancing subsurface imaging in the Green Canyon area. Data is expected to be delivered in the latter half of 2024.
   
• Weatherford offers electromagnetic logging and geophysical survey services for broad oilfield applications. The firm's technologies in formation evaluation and reservoir monitoring facilitate optimal drilling and production planning. Weatherford's reliance on technology development and real-time data collection enhances its competitive advantage in sophisticated geological configurations. In the June of 2023, Weatherford was awarded a contract by Petrobras in Brazil to provide them with 10K DPR intervention services which boosts Weatherford’s drilling capability and strategic foothold in the South American hydrocarbon market.
   

Electromagnetic Geophysical Services Market Companies

• Abitibi Geophysics
• AKS Geoscience
• Applus+
• CGG
• China Oilfield Services
• Dawson Geophysical
• EGS
• Fugro
• Geotech
• Paradigm Group
• PGS
• Ramboll Group
• Siemens
• SkyTEM
• SLB
• Spectrem Air
• TGS
• Weatherford
   

Electromagnetic Geophysical Services Industry News

• In March of 2025, the Geological Survey of India (GSI) aims to incorporate artificial intelligence (AI) and machine learning (ML) techniques in the exploration of minerals. The proposed work aims to enhance the precision of resource finding via advanced data analytics and prediction with 4D geological modeling. The implementation of AI and ML technologies is projected to accelerate exploration activities and reveal hidden mineral deposits. 
   
• In March 2025, GPR WaveSense's ground penetrating radar (GPR) technology will be integrated into NovAtel’s SPAN GNSS+INS solution, as per the MOU with GPR. The aim of the collaboration is to improve positioning in difficult environments by integrating sonar-based mapping with GNSS and inertial data for civil mapping and autonomous vehicle systems. 
   
• In November 2024, Electromagnetic Geoservices ASA (EMGS) was awarded a contract of USD 10 million for the execution of a controlled source electromagnetic (CSEM) survey offshore India. The Atlantic Guardian vessel will perform the survey with the intention of integrating electromagnetic data with the seismic and other geophysical datasets for enhanced hydrocarbon exploration.
   
• In June 2024, Electromagnetic Geoservices ASA (EMGS) signed contracts amounting to around USD 3.4 million with Equinor and associates for pre-funded multi-client surveys in Norway’s Barents Sea. The surveys will take place in the third quarter of 2024 after the Atlantic Guardian vessel returns from Brazil.
   

This electromagnetic geophysical services market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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Market, By Technology

• EM receivers/transmitters
• TDEM/FDEM
• Magnetotellurics (MT)
• Others

Market, By Survey Type

• Land based
• Marine based
• Aerial based

Market, By End Use

• Oil & gas
• Mining
• Agriculture
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Norway
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Iraq
  • Iran
  • South Africa
• Latin America
  • Brazil
  • Argentina