Leading companies in marine seismic data acquisition

The shipping industry continues to be a hotbed of innovation, with activity driven by increasing global trade and commerce and the need for efficient, cost-effective, and environmentally sustainable sea transportation solutions, as well as the growing importance of technologies such as the Internet of Things (IoT), artificial and augmented intelligence, advanced vessel operation monitoring systems, and hydrogen fuel cells.

In the last three years alone, there have been over 67,000 patents filed and granted in the shipping industry, according to GlobalData’s report on Internet of Things in Ship: Marine seismic data acquisition.

According to GlobalData’s Technology Foresights, which uses over 25,000 patents to analyse innovation intensity for the shipping industry, there are over 30 innovation areas that will shape the future of the industry.

Marine seismic data acquisition is the method of collecting information about the subsea surface by generating sound pulses and recording echoes from the ocean floor.

It is accomplished by using a seismic survey vessel that tows an array of sensors such as geophones or hydrophones in the water to map and records the geophysical attributes of the subsurface. Marine seismic data acquisition plays a crucial role in oil and gas exploration and offshore wind farm site characterisation.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies.

According to GlobalData, there are over 10 companies, spanning technology vendors, established shipping companies, and up-and-coming start-ups, engaged in the development and application of marine seismic data acquisition.

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

ION Geophysical, an offshore technology company based in the US, is the leading patent filer in the marine seismic data acquisition space. It filed patents related to systems and methods of positioning and dynamic steering of seismic devices, marine seismic surveying in icy or obstructed waters, intelligent towing cable reclaimers, and operating streamer recovery devices.

The company provided seismic imaging and data services to offshore energy companies. However, it filed for bankruptcy protection in April 2022. Sercel, a subsidiary of geoscience service company CGG, acquired ION Geophysical’s software business in September 2022.

Other leading innovators in marine seismic data acquisition include PGS, Polarcus, and Geco Technology.

In terms of application diversity, ION Geophysical leads the pack, followed by CGG and Magseis. By geographic reach, inApril is the leading company, followed by ION Geophysical, and Geco Technology.

To further understand the key themes and technologies disrupting the shipping industry, access GlobalData’s latest thematic research report on Shipping.