APAC Geophysical Services for Offshore Wind Farm Market Research Report Information By Technology (Multibeam Echo Sounding (MBES), Side-Scan Sonar (SSS), Sub Bottom Profiling (SBP), Reflection Seismic Profiling, Magnetometer, ROV) By Location (Shallow Water, Transitional Water, Deep Water) and By Country (China, India, Japan, South Korea, Rest of Asia-Pacific) -Global Forecast to 2032

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 18

2 MARKET INTRODUCTION 22

2.1 DEFINITION 22

2.2 SCOPE OF THE STUDY 23

2.3 RESEARCH OBJECTIVE 23

2.4 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY 24

3.1 OVERVIEW 24

3.2 DATA FLOW 26

3.2.1 DATA MINING PROCESS 27

3.3 PURCHASED DATABASE: 28

3.4 SECONDARY SOURCES: 29

3.4.1 SECONDARY RESEARCH DATA FLOW: 30

3.5 PRIMARY RESEARCH: 31

3.5.1 PRIMARY RESEARCH DATA FLOW: 32

3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 33

3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 34

3.6.1 CONSUMPTION & NET TRADE APPROACH 34

3.6.2 REVENUE ANALYSIS APPROACH 34

3.7 DATA FORECASTING 35

3.7.1 DATA FORECASTING TECHNIQUE 35

3.8 DATA MODELING 36

3.8.1 MICROECONOMIC FACTOR ANALYSIS: 36

3.8.2 DATA MODELING: 37

3.9 TEAMS AND ANALYST CONTRIBUTION 38

4 MARKET DYNAMICS 41

4.1 INTRODUCTION 41

4.2 DRIVERS 42

4.2.1 GROWING DEMAND FOR RENEWABLE ENERGY 42

4.2.2 INCREASING INVESTMENT IN OFFSHORE WIND PROJECTS 44

4.3 RESTRAINTS 46

4.3.1 HIGH INITIAL INVESTMENT COSTS 46

4.4 OPPORTUNITY 48

4.4.1 GOVERNMENT POLICIES AND INCENTIVES 48

4.5 REGULATORY UPDATE 48

4.6 IMPACT ANALYSIS OF COVID-19 49

4.6.1 CONSTRUCTION DISRUPTIONS 49

4.6.2 SUPPLY CHAIN ISSUES 49

5 MARKET FACTOR ANALYSIS 50

5.1 SUPPLY CHAIN ANALYSIS 50

5.1.1 PARTICIPANTS 50

5.1.1.1 EQUIPMENT/COMPONENT SUPPLIERS 50

5.1.1.2 LIST OF EQUIPMENT/COMPONENT SUPPLIERS (COMPANY NAME, HEADQUARTER, SUBASSEMBLIES, HEADQUARTER 51

5.1.1.3 SERVICE PROVIDERS 51

5.1.1.3.1 TECHNOLOGY & EPC PROVIDERS 52

5.1.1.4 END USERS 52

5.1.1.4.1 LIST OF POTENTIAL END USERS OF GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM 52

5.1.1.4.2 CUSTOMER NEED, PREFERENCES, PAIN POINTS, & END USE INDUSTRIES 53

5.2 PORTER’S FIVE FORCES MODEL 53

5.2.1 BARGAINING POWER OF SUPPLIERS 54

5.2.2 BARGAINING POWER OF BUYERS 54

5.2.3 THREAT OF NEW ENTRANTS 55

5.2.4 THREAT OF SUBSTITUTES 55

5.2.5 INTENSITY OF RIVALRY 55

5.3 QUALITATIVE ANALYSIS ON GEOPHYSICAL SURVEY 55

5.3.1 HOW GEOPHYSICAL SURVEYS ARE CRUCIAL TO OFFSHORE WIND FARM PLANNING 55

5.3.2 WHY ARE GEOPHYSICAL SURVEYS NECESSARY? 57

5.3.3 EQUIPMENT USED FOR GEOPHYSICAL SURVEYS 58

5.3.3.1 MULTI-BEAM ECHO SOUNDERS 58

5.4 BUSINESS ENVIRONMENT ANALYSIS 59

5.4.1 PESTLE ANALYSIS 59

5.5 TECHNOLOGY ADVANCEMENTS 59

5.5.1 TECHNOLOGY ADVANCEMENTS 59

5.5.1.1 HIGH-RESOLUTION SEABED MAPPING 59

5.5.1.2 ADVANCED SEISMIC SURVEY TECHNIQUES 60

5.5.1.3 ENHANCED DATA INTEGRATION AND ANALYSIS 60

5.5.1.4 REMOTE SENSING TECHNOLOGIES 60

5.5.1.5 UNDERWATER ACOUSTIC MONITORING 60

5.5.1.6 REAL-TIME MONITORING AND IOT INTEGRATION 60

5.5.2 TECHNOLOGY ROADMAP 61

5.6 STANDARDS, AND REGULATORY LANDSCAPE 62

5.6.1 CERTIFICATION AND STANDARDS 62

5.6.2 GOVERNMENT REGULATIONS & POLICIES 65

5.7 RESEARCH AND DEVELOPMENT REVIEW 67

5.7.1 INVESTMENT IN NEW TEST TECHNOLOGIES 67

5.8 CASE STUDY/ USE CASES 69

5.8.1 USE CASES 1 69

5.8.2 USE CASES 2 70

5.8.3 USE CASES 3 70

5.8.4 USE CASES 4 71

5.8.5 USE CASES 5 71

5.8.6 USE CASES 6 72

5.8.7 USE CASES 7 72

5.8.8 USE CASES 8 73

6 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET, BY TECHNOLOGY 75

6.1 INTRODUCTION 75

6.2 MULTIBEAM ECHO SOUNDING (MBES) 75

6.3 SIDE-SCAN SONAR (SSS) 75

6.4 SUB BOTTOM PROFILING (SBP) 76

6.5 REFLECTION SEISMIC PROFILING 76

6.6 MAGNETOMETER 76

6.7 ROV 76

7 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET, BY LOCATION 78

7.1 INTRODUCTION 78

7.2 SHALLOW WATER 78

7.3 TRANSITIONAL WATER 78

7.4 DEEP WATER 78

8 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET, BY COUNTRY 80

8.1 INTRODUCTION 80

8.1.1 CHINA 81

8.1.2 INDIA 82

8.1.3 JAPAN 83

8.1.4 SOUTH KOREA 84

8.1.5 REST OF APAC 85

9 COMPETITIVE LANDSCAPE 87

9.1 INTRODUCTION 87

9.2 COMPETITION DASHBOARD 88

9.3 MARKET SHARE ANALYSIS, 2023 89

9.4 WHO ARE MARKET DISRUPTORS & INNOVATORS 89

9.5 WHAT STRATEGIES ARE ADOPTED BY THE MARKET LEADERS 90

9.6 COMPETITIVE BENCHMARKING 91

9.7 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET 92

9.8 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL 94

9.9 KEY DEVELOPMENTS & GROWTH STRATEGIES 95

9.9.1 CONTRACT 95

9.9.2 ACQUISITION 102

9.9.3 ACHIEVEMENT 103

9.9.4 EXPANSION 104

9.9.5 PARTNERSHIP 105

9.9.6 LAUNCH 107

9.9.7 AGREEMENT 107

9.9.8 MERGER 107

9.9.9 PRODUCT LAUNCH 108

9.9.10 INNOVATION 108

10 COMPANY PROFILES 110

10.1 FUGRO 110

10.1.1 COMPANY OVERVIEW 110

10.1.2 FINANCIAL OVERVIEW 111

10.1.3 PRODUCTS OFFERED 112

10.1.4 KEY DEVELOPMENTS 112

10.1.5 SWOT ANALYSIS 114

10.1.6 KEY STRATEGY 114

10.2 ACTEON 116

10.2.1 COMPANY OVERVIEW 116

10.2.2 FINANCIAL OVERVIEW 117

10.2.3 PRODUCTS OFFERED 117

10.2.4 KEY DEVELOPMENTS 117

10.2.5 SWOT ANALYSIS 119

10.2.6 KEY STRATEGY 119

10.3 OYO CORPORATION 120

10.3.1 COMPANY OVERVIEW 120

10.3.2 FINANCIAL OVERVIEW 121

10.3.3 PRODUCTS OFFERED 121

10.3.4 KEY DEVELOPMENTS 121

10.3.5 SWOT ANALYSIS 122

10.3.6 KEY STRATEGY 122

10.4 GAVIN & DOHERTY GEOSOLUTIONS (VENTERRA GROUP) 123

10.4.1 COMPANY OVERVIEW 123

10.4.2 FINANCIAL OVERVIEW 124

10.4.3 PRODUCTS OFFERED 124

10.4.4 KEY DEVELOPMENTS 124

10.4.5 SWOT ANALYSIS 125

10.4.6 KEY STRATEGY 125

10.5 JAVA OFFSHORE SDN BHD 126

10.5.1 COMPANY OVERVIEW 126

10.5.2 FINANCIAL OVERVIEW 126

10.5.3 PRODUCTS OFFERED 127

10.5.4 KEY DEVELOPMENTS 127

10.5.5 SWOT ANALYSIS 129

10.5.6 KEY STRATEGY 129

10.6 KISO-JIBAN CONSULTANTS CO.,LTD. 130

10.6.1 COMPANY OVERVIEW 130

10.6.2 FINANCIAL OVERVIEW 130

10.6.3 PRODUCTS OFFERED 131

10.6.4 KEY DEVELOPMENTS 131

10.6.5 SWOT ANALYSIS 132

10.6.6 KEY STRATEGY 132

10.7 TGS 133

10.7.1 COMPANY OVERVIEW 133

10.7.2 FINANCIAL OVERVIEW 134

10.7.3 PRODUCTS OFFERED 134

10.7.4 KEY DEVELOPMENTS 134

10.7.5 SWOT ANALYSIS 136

10.7.6 KEY STRATEGY 137

10.8 GEOSTAR SURVEYS INDIA PVT. LTD. 138

10.8.1 COMPANY OVERVIEW 138

10.8.2 FINANCIAL OVERVIEW 138

10.8.3 PRODUCTS OFFERED 138

10.8.4 KEY DEVELOPMENTS 139

10.8.5 SWOT ANALYSIS 139

10.8.6 KEY STRATEGY 139

10.9 OCEAN ENGINEERING CORPORATION 140

10.9.1 COMPANY OVERVIEW 140

10.9.2 FINANCIAL OVERVIEW 140

10.9.3 PRODUCTS OFFERED 140

10.9.4 KEY DEVELOPMENTS 140

10.9.5 SWOT ANALYSIS 141

10.9.6 KEY STRATEGY 141

10.10 RINA S.P.A. 142

10.10.1 COMPANY OVERVIEW 142

10.10.2 FINANCIAL OVERVIEW 143

10.10.3 PRODUCTS OFFERED 143

10.10.4 KEY DEVELOPMENTS 143

10.10.5 SWOT ANALYSIS 144

10.10.6 KEY STRATEGY 144

10.11 MMA OFFSHORE LIMITED (CYAN RENEWABLES) 145

10.11.1 COMPANY OVERVIEW 145

10.11.2 FINANCIAL OVERVIEW 146

10.11.3 PRODUCTS OFFERED 146

10.11.4 KEY DEVELOPMENTS 147

10.11.5 SWOT ANALYSIS 149

10.11.6 KEY STRATEGY 150

10.12 MARINE INFORMATION TECHNOLOGY CO., LTD 151

10.12.1 COMPANY OVERVIEW 151

10.12.2 FINANCIAL OVERVIEW 151

10.12.3 PRODUCTS OFFERED 151

10.12.4 KEY DEVELOPMENTS 151

10.12.5 SWOT ANALYSIS 152

10.12.6 KEY STRATEGY 152

10.13 ENVIROS 153

10.13.1 COMPANY OVERVIEW 153

10.13.2 FINANCIAL OVERVIEW 153

10.13.3 PRODUCTS OFFERED 153

10.13.4 KEY DEVELOPMENTS 154

10.13.5 SWOT ANALYSIS 156

10.13.6 KEY STRATEGY 156

10.14 ABL GROUP 157

10.14.1 COMPANY OVERVIEW 157

10.14.2 FINANCIAL OVERVIEW 158

10.14.3 PRODUCTS OFFERED 158

10.14.4 KEY DEVELOPMENTS 159

10.14.5 SWOT ANALYSIS 161

10.14.6 KEY STRATEGY 161

10.15 AFRY AB 162

10.15.1 COMPANY OVERVIEW 162

10.15.2 FINANCIAL OVERVIEW 163

10.15.3 PRODUCTS OFFERED 163

10.15.4 KEY DEVELOPMENTS 164

10.15.5 SWOT ANALYSIS 165

10.15.6 KEY STRATEGY 165

10.16 JGI, INC. 166

10.16.1 COMPANY OVERVIEW 166

10.16.2 FINANCIAL OVERVIEW 167

10.16.3 PRODUCTS OFFERED 167

10.16.4 KEY DEVELOPMENTS 167

10.16.5 SWOT ANALYSIS 168

10.16.6 KEY STRATEGY 168

11 DATA CITATIONS 170

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 37

TABLE 2 GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2032 (USD MILLION) 77

TABLE 3 GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 79

TABLE 4 APAC: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY COUNTRY, 2018–2032 (USD MILLION) 80

TABLE 5 CHINA: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY TECHNOLOGY, 2018–2032 (USD MILLION) 81

TABLE 6 CHINA GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 81

TABLE 7 INDIA: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY TECHNOLOGY, 2018–2032 (USD MILLION) 82

TABLE 8 INDIA GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 82

TABLE 9 JAPAN: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY TECHNOLOGY, 2018–2032 (USD MILLION) 83

TABLE 10 JAPAN GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 83

TABLE 11 SOUTH KOREA: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY TECHNOLOGY, 2018–2032 (USD MILLION) 84

TABLE 12 SOUTH KOREA GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 84

TABLE 13 REST OF APAC: GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM, BY TECHNOLOGY, 2018–2032 (USD MILLION) 85

TABLE 14 REST OF APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM ESTIMATES & FORECAST, BY LOCATION, 2018–2032 (USD MILLION) 85

TABLE 1 COMPETITION DASHBOARD: APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET 88

TABLE 2 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET 92

TABLE 3 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL 94

TABLE 4 CONTRACT 95

TABLE 5 ACQUISITION 102

TABLE 6 ACHIEVEMENT 103

TABLE 7 EXPANSION 104

TABLE 8 PARTNERSHIP 105

TABLE 9 LAUNCH 107

TABLE 10 AGREEMENT 107

TABLE 11 MERGER 107

TABLE 12 PRODUCT LAUNCH 108

TABLE 13 INNOVATION 108

TABLE 14 FUGRO: PRODUCTS OFFERED 112

TABLE 15 FUGRO: KEY DEVELOPMENTS 112

TABLE 16 ACTEON: PRODUCTS OFFERED 117

TABLE 17 ACTEON: KEY DEVELOPMENTS 117

TABLE 18 OYO CORPORATION: FINANCIAL OFFERED 121

TABLE 19 OYO CORPORATION: PRODUCTS OFFERED 121

TABLE 20 ACTEON: KEY DEVELOPMENTS 121

TABLE 21 GAVIN & DOHERTY GEOSOLUTIONS (VENTERRA GROUP): PRODUCTS OFFERED 124

TABLE 22 GAVIN & DOHERTY GEOSOLUTIONS (VENTERRA GROUP): KEY DEVELOPMENTS 124

TABLE 23 JAVA OFFSHORE SDN BHD: PRODUCTS OFFERED 127

TABLE 24 JAVA OFFSHORE SDN BHD: KEY DEVELOPMENTS 127

TABLE 25 KISO-JIBAN CONSULTANTS CO.,LTD.: PRODUCTS OFFERED 131

TABLE 26 KISO-JIBAN CONSULTANTS CO.,LTD.: KEY DEVELOPMENTS 131

TABLE 27 TGS: PRODUCTS OFFERED 134

TABLE 28 TGS: KEY DEVELOPMENTS 134

TABLE 29 GEOSTAR SURVEYS INDIA PVT. LTD.: PRODUCTS OFFERED 138

TABLE 30 OCEAN ENGINEERING CORPORATION: PRODUCTS OFFERED 140

TABLE 31 RINA S.P.A.: PRODUCTS OFFERED 143

TABLE 32 RINA S.P.A.: KEY DEVELOPMENTS 143

TABLE 33 MMA OFFSHORE LIMITED: PRODUCTS OFFERED 146

TABLE 34 MMA OFFSHORE LIMITED: KEY DEVELOPMENTS 147

TABLE 35 MARINE INFORMATION TECHNOLOGY CO., LTD: PRODUCTS OFFERED 151

TABLE 36 ENVIROS: PRODUCTS OFFERED 153

TABLE 37 ENVIROS: KEY DEVELOPMENTS 154

TABLE 38 ABL GROUP: PRODUCTS OFFERED 158

TABLE 39 ABL GROUP: KEY DEVELOPMENTS 159

TABLE 40 AFRY AB: PRODUCTS OFFERED 163

TABLE 41 AFRY AB: KEY DEVELOPMENTS 164

TABLE 42 JGI, INC.: PRODUCTS OFFERED 167

LIST OF FIGURES

FIGURE 1 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET SNAPSHOT, 2023 19

FIGURE 2 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET: STRUCTURE 23

FIGURE 3 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET: MARKET GROWTH FACTOR ANALYSIS (2024-2032) 41

FIGURE 4 CO2 EMISSIONS FROM FUEL COMBUSTION, BY COUNTRY IN APAC REGION (% SHARE IN GLOBAL EMISSION) 42

FIGURE 5 CHINA'S SHARE IN GLOBAL WIND ENERGY CONSUMPTION IN 2022 43

FIGURE 6 NUMBER OF OFFSHORE WIND FARMS OPERATING WORLDWIDE AS OF JUNE 2024, BY COUNTRY 44

FIGURE 7 ASIA PACIFIC SHARE IN GLOBAL OFFSHORE WIND PROJECTS 45

FIGURE 8 DRIVER IMPACT ANALYSIS (2024-2032) 46

FIGURE 9 RESTRAINT IMPACT ANALYSIS (2024-2032) 47

FIGURE 10 SUPPLY CHAIN ANALYSIS: APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET 50

FIGURE 11 PORTER’S FIVE FORCES MODEL: APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET 54

FIGURE 12 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET, BY TECHNOLOGY, 2023 (% SHARE) 77

FIGURE 13 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET, BY LOCATION, 2023 (% SHARE) 79

FIGURE 14 APAC GEOPHYSICAL SERVICES FOR OFFSHORE WIND FARM MARKET MAJOR PLAYERS MARKET SHARE ANALYSIS, 2023 (%) 89

FIGURE 15 COMPETITIVE BENCHMARKING 91

FIGURE 16 FUGRO: FINANCIAL OVERVIEW SNAPSHOT 111

FIGURE 17 FUGRO: SWOT ANALYSIS 114

FIGURE 18 ACTEON: SWOT ANALYSIS 119

FIGURE 19 OYO CORPORATION: SWOT ANALYSIS 122

FIGURE 20 GAVIN & DOHERTY GEOSOLUTIONS (VENTERRA GROUP): SWOT ANALYSIS 125

FIGURE 21 JAVA OFFSHORE SDN BHD: SWOT ANALYSIS 129

FIGURE 22 KISO-JIBAN CONSULTANTS CO.,LTD.: SWOT ANALYSIS 132

FIGURE 23 TGS: FINANCIAL OVERVIEW SNAPSHOT 134

FIGURE 24 TGS: SWOT ANALYSIS 136

FIGURE 25 GEOSTAR SURVEYS INDIA PVT. LTD.: SWOT ANALYSIS 139

FIGURE 26 OCEAN ENGINEERING CORPORATION: SWOT ANALYSIS 141

FIGURE 27 RINA S.P.A.: FINANCIAL OVERVIEW SNAPSHOT 143

FIGURE 28 RINA S.P.A.: SWOT ANALYSIS 144

FIGURE 29 MMA OFFSHORE LIMITED: FINANCIAL OVERVIEW SNAPSHOT 146

FIGURE 30 MMA OFFSHORE LIMITED: SWOT ANALYSIS 149

FIGURE 31 MARINE INFORMATION TECHNOLOGY CO., LTD: SWOT ANALYSIS 152

FIGURE 32 ENVIROS: FINANCIAL OVERVIEW SNAPSHOT 153

FIGURE 33 ENVIROS: SWOT ANALYSIS 156

FIGURE 34 ABL GROUP: FINANCIAL OVERVIEW SNAPSHOT 158

FIGURE 35 ABL GROUP: SWOT ANALYSIS 161

FIGURE 36 AFRY AB: FINANCIAL OVERVIEW SNAPSHOT 163

FIGURE 37 AFRY AB: SWOT ANALYSIS 165

FIGURE 38 JGI, INC.: FINANCIAL OVERVIEW SNAPSHOT 167

FIGURE 39 JGI, INC.: SWOT ANALYSIS 168