PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1318102
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1318102
Robotic Drilling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The oil & gas industry is experiencing a surge in demand for automation, leading to a significant adoption of robotic drilling technology across the sector. The implementation of robotic drilling has resulted in enhanced safety for workers, increased precision, high accuracy, improved data collection, and enhanced efficiency. As a result, the robotic drilling market is poised for robust expansion over the forecast period. The deployment of robotic drilling in submerged parts of oil & gas rigs for automated drilling is further driving the market growth. Additionally, the growing use of LPG and CNG in the automobile sector has increased the adoption of robotic drilling for gas extraction, unlocking new growth opportunities in the global robotic drilling market.
Extraordinary Benefits of Robotic Drilling Fuel Market Expansion
The oil & gas sector is recognizing the numerous benefits of integrating robotic drilling into their operations. Robotic drilling eliminates continuous human intervention, reducing the risk of accidents and operational lapses. It also increases operational efficiency by accelerating the drilling process, reducing errors, and enhancing production. With the increasing oil and gas exploration activities, the demand for robotic drilling is projected to rise steadily, leading to the maturity of the global robotic drilling market.
Growing Onshore Applications Drive Growth Prospects
While robotic drilling finds applications in both onshore and offshore rigs, onshore drilling platforms are emerging as the major driving force for the market. Onshore rigs are gaining traction in the oil & gas industry due to lower operational investments and greater convenience. In contrast, offshore drilling requires significant capital and complexity. The global robotic drilling market is expected to remain lucrative throughout the forecast period, primarily driven by the rising onshore activities in the oil & gas industry.
North America Takes the Lead with Increased Shale Gas Exploration
North America is set to dominate the global robotic drilling market, driven by growing shale gas exploration activities, particularly in the Gulf of Mexico. Major economies in the region are witnessing increased oil production and offshore rig activities due to rising oil prices and a focus on cost reduction in drilling. These factors are expected to further boost the adoption of robotic drilling technology in North America.
Prominent Market Players
Leading market players in the robotic drilling industry include: Drillform Technical Services Ltd., Drillmec Inc., Nabors Industries Ltd., National Oilwell Varco Inc., KCA Deutag Alpha Limited, Automated Rig Technologies Ltd., Huisman Equipment BV, Epiroc AB, Herrenknecht Group, and Loadmaster Universal Rigs Inc.
Table of Contents
1. Executive Summary
- 1.1. Global Robotic Drilling Market Snapshot
- 1.2. Key Market Trends
- 1.3. Future Projections
- 1.4. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.1.1. Driver A
- 2.2.1.2. Driver B
- 2.2.1.3. Driver C
- 2.2.2. Restraints
- 2.2.2.1. Restraint 1
- 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
- 2.2.1. Drivers
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
- 2.6. Government Regulations
- 2.7. Technology Landscape
- 2.8. Economic Analysis
- 2.9. PESTLE
3. Global Robotic Drilling Market Outlook, 2018 - 2030
- 3.1. Global Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
- 3.1.1.1. Software
- 3.1.1.2. Hardware
- 3.1.1. Key Highlights
- 3.2. Global Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
- 3.2.1.1. New Build
- 3.2.1.2. Retrofit
- 3.2.1. Key Highlights
- 3.3. Global Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
- 3.3.1.1. Onshore
- 3.3.1.2. Offshore
- 3.3.2. BPS Analysis/Market Attractiveness Analysis
- 3.3.1. Key Highlights
- 3.4. Global Robotic Drilling Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.4.1. Key Highlights
- 3.4.1.1. North America
- 3.4.1.2. Europe
- 3.4.1.3. Asia Pacific
- 3.4.1.4. Latin America
- 3.4.1.5. Middle East & Africa
- 3.4.2. BPS Analysis/Market Attractiveness Analysis
- 3.4.1. Key Highlights
4. North America Robotic Drilling Market Outlook, 2018 - 2030
- 4.1. North America Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
- 4.1.1.1. Software
- 4.1.1.2. Hardware
- 4.1.1. Key Highlights
- 4.2. North America Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
- 4.2.1.1. New Build
- 4.2.1.2. Retrofit
- 4.2.1. Key Highlights
- 4.3. North America Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
- 4.3.1.1. Onshore
- 4.3.1.2. Offshore
- 4.3.1. Key Highlights
- 4.4. North America Robotic Drilling Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.4.1. Key Highlights
- 4.4.1.1. U.S.
- 4.4.1.2. Canada
- 4.4.2. BPS Analysis/Market Attractiveness Analysis
- 4.4.1. Key Highlights
5. Europe Robotic Drilling Market Outlook, 2018 - 2030
- 5.1. Europe Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Software
- 5.1.1.2. Hardware
- 5.1.1. Key Highlights
- 5.2. Europe Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. New Build
- 5.2.1.2. Retrofit
- 5.2.1. Key Highlights
- 5.3. Europe Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. Onshore
- 5.3.1.2. Offshore
- 5.3.1. Key Highlights
- 5.4. Europe Robotic Drilling Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
- 5.4.1.1. Germany
- 5.4.1.2. France
- 5.4.1.3. U.K.
- 5.4.1.4. Italy
- 5.4.1.5. Spain
- 5.4.1.6. Russia
- 5.4.1.7. Rest of Europe
- 5.4.2. BPS Analysis/Market Attractiveness Analysis
- 5.4.1. Key Highlights
6. Asia Pacific Robotic Drilling Market Outlook, 2018 - 2030
- 6.1. Asia Pacific Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Software
- 6.1.1.2. Hardware
- 6.1.1. Key Highlights
- 6.2. Asia Pacific Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. New Build
- 6.2.1.2. Retrofit
- 6.2.1. Key Highlights
- 6.3. Asia Pacific Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. Onshore
- 6.3.1.2. Offshore
- 6.3.1. Key Highlights
- 6.4. Asia Pacific Robotic Drilling Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
- 6.4.1.1. China
- 6.4.1.2. Japan
- 6.4.1.3. South Korea
- 6.4.1.4. India
- 6.4.1.5. Southeast Asia
- 6.4.1.6. Rest of Asia Pacific
- 6.4.2. BPS Analysis/Market Attractiveness Analysis
- 6.4.1. Key Highlights
7. Latin America Robotic Drilling Market Outlook, 2018 - 2030
- 7.1. Latin America Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Software
- 7.1.1.2. Hardware
- 7.1.1. Key Highlights
- 7.2. Latin America Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. New Build
- 7.2.1.2. Retrofit
- 7.2.1. Key Highlights
- 7.3. Latin America Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Onshore
- 7.3.1.2. Offshore
- 7.3.1. Key Highlights
- 7.4. Latin America Robotic Drilling Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
- 7.4.1.1. Brazil
- 7.4.1.2. Mexico
- 7.4.1.3. Rest of Latin America
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
- 7.4.1. Key Highlights
8. Middle East & Africa Robotic Drilling Market Outlook, 2018 - 2030
- 8.1. Middle East & Africa Robotic Drilling Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Software
- 8.1.1.2. Hardware
- 8.1.1. Key Highlights
- 8.2. Middle East & Africa Robotic Drilling Market Outlook, by Installation, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. New Build
- 8.2.1.2. Retrofit
- 8.2.1. Key Highlights
- 8.3. Middle East & Africa Robotic Drilling Market Outlook, by Application Type, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. Onshore
- 8.3.1.2. Offshore
- 8.3.1. Key Highlights
- 8.4. Middle East & Africa Robotic Drilling Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
- 8.4.1.1. GCC
- 8.4.1.2. South Africa
- 8.4.1.3. Rest of Middle East & Africa
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
- 8.4.1. Key Highlights
9. Competitive Landscape
- 9.1. Company Market Share Analysis, 2022
- 9.2. Competitive Dashboard
- 9.3. Company Profiles
- 9.3.1. Huisman Equipment BV
- 9.3.1.1. Company Overview
- 9.3.1.2. Product Portfolio
- 9.3.1.3. Financial Overview
- 9.3.1.4. Business Strategies and Development
- 9.3.2. Drillmec Inc.
- 9.3.3. Nabors Industries Ltd
- 9.3.4. National-Oilwell Varco, Inc.
- 9.3.5. Drillform Technical Services Ltd
- 9.3.6. Precision Drilling
- 9.3.7. Weatherford
- 9.3.8. Sekal
- 9.3.9. KCA Deutag Alpha Limited
- 9.3.10. Herrenknecht Group
- 9.3.1. Huisman Equipment BV
10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
