Product Code: GVR-4-68040-386-2
Robotic Drilling Market Size & Trends
The global robotic drilling market size was estimated at USD 932.2 million in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030. The market is expected to witness lucrative growth owing to the increasing demand for fossil fuels over the forecast period. Owing to the rising expenditure on automobiles, the demand for fossil fuels is significantly increasing. According to the Economist Intelligence Unit, demand for oil and gas is expected to increase in the decade to 2030, largely driven by India and Middle East & African countries. The International Energy Agency projected the global oil demand is expected to be around 8% higher in 2030 compared to the numbers in 2021.
These automated systems, often known as drillbots, bring several benefits over traditional manual drilling operations, including enhanced efficiency, safety, precision, and lower operational costs. Rising importance for energy efficiency and sustainability is expected to boost the adoption of robotic drilling over the forecast period.
Furthermore, robotic drilling systems minimize human involvement in high-risk drilling operations, significantly reducing the likelihood of accidents. Also, automation speeds up the drilling process, achieving consistency and precision that manual operations would struggle to replicate.
Global Robotic Drilling Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global robotic drilling market report based on application, installation, component, and region:
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Onshore
- Offshore
- Installation Outlook (Revenue, USD Million, 2018 - 2030)
- Retrofit
- New Builds
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Robotic Drilling Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Concentration & Penetration Outlook
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Drivers Analysis
- 3.6.2. Market Restraints Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Robotic Drilling Market Analysis Tools
- 3.7.1. Porter's Analysis
- 3.7.1.1. Bargaining power of the suppliers
- 3.7.1.2. Bargaining power of the buyers
- 3.7.1.3. Threats of substitution
- 3.7.1.4. Threats from new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political landscape
- 3.7.2.2. Economic and Social landscape
- 3.7.2.3. Technological landscape
- 3.7.2.4. Environmental landscape
- 3.7.2.5. Legal landscape
- 3.8. Economic Mega Trend Analysis
Chapter 4. Robotic Drilling Market: Application Estimates & Trend Analysis
- 4.1. Robotic Drilling Market: Application Movement Analysis, USD Million, 2023 & 2030
- 4.2. Onshore
- 4.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3. Offshore
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Robotic Drilling Market: Installation Estimates & Trend Analysis
- 5.1. Robotic Drilling Market: Installation Movement Analysis, USD Million, 2023 & 2030
- 5.2. Retrofit
- 5.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. New Builds
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Robotic Drilling Market: Component Estimates & Trend Analysis
- 6.1. Robotic Drilling Market: Component Movement Analysis, USD Million, 2023 & 2030
- 6.2. Hardware
- 6.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Software
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Robotic Drilling Market: Region Estimates & Trend Analysis
- 7.1. Robotic Drilling Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.2.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.2.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.2.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.2.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.2.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.2.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.2.7.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.2.7.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.7.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.7.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.8.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.8.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.3.9.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.3.9.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.7.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.7.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.8.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.8.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.4.9.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.4.9.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.5.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.5.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.5.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.5.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.6.5.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.6.5.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.6.6.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.6.6.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Robotic Drilling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. Robotic Drilling Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
- 7.6.7.3. Robotic Drilling Market Estimates and Forecasts by Installation, 2018 - 2030 (USD Million)
- 7.6.7.4. Robotic Drilling Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2023
- 8.5. Company Heat Map Analysis, 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. Nabors Industries Ltd.
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. Precision Drilling
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Weatherford
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. Huisman
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. NOV Inc.
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Rigarm
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Sekal
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. Drillmec SpA
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Abraj Energy
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. Ensign Energy Services
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. Drillform Technical
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Automated Rig Technologies
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Strategic Initiatives