Abstract: At present, most of the geophysical exploration equipment used in China is mainly foreign instruments, and the development space of domestic instruments is seriously insufficient. The current international situation is intensifying, and the importance of developing domestic instruments is particularly prominent. As the main force of technological innovation in China, supporting private enterprises in independent innovation is of great significance for the development of geophysical exploration equipment in China. By conducting research on the development history of major private geophysical equipment enterprises in China and sorting out their growth background, it is found that private enterprises mainly face four difficulties in scientific and technological innovation, including high research and development risks, difficulty in obtaining support from national scientific and technological projects, insufficient user confidence in domestic instruments, and slow updates of industry standards that are not conducive to the timely application of new technologies. Based on this, taking the opportunity of a new round of strategic breakthroughs in mineral exploration, four suggestions are proposed. Firstly, to strengthen the public welfare support for the engineering of new technologies and equipment, and give full play to the leading role of the China Geological Survey in the overall planning of science and technology in the industry. Secondly, to improve national scientific and technological projects and talent evaluation standards, and guide the deep integration of scientific and technological resources with industries. Thirdly, to build a platform for the transformation of scientific and technological achievements in mineral exploration equipment, reducing the R&D cycle and risks of enterprise equipment. Fourthly, to simplify the process of formulating and updating standard specifications, and timely promote the application, promotion, and improvement of new technologies. By proposing relevant suggestions, aims to provide positive references for promoting the innovation of geophysical exploration equipment in China.