Exploration and Drilling Security Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The companies make huge investment decisions due to the growing need for developing unconventional sources in offshore locations, which are expected to augment the global exploration and drilling security industry over the forecast period. Security issues are important for challenging areas and vital for underdeveloped or less developed locations. Due to huge reserve availability, key market players are also expanding to these less developed locations. Thus, infrastructure improvement in these areas is expected to drive the overall industry.
MARKET SCOPE
The "Global Exploration and Drilling Security Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the steam condenser for the thermal power plant market with detailed market segmentation by type, application, and geography. The global exploration and drilling security market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading exploration and drilling security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global exploration and drilling security market is segmented by type, and application.
MARKET DYNAMICS
Drivers-
Restrains
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
All major indicators for exploration activity levels saw a significant reduction in 2021 due to the Covid-19 pandemic continuing to wreak havoc on Energy and power companies' ability to operate as originally planned. The number of international rigs has reduced by 20%, and the number of new seismic contracts awarded has dropped by 45%. Even though these figures are year-to-date comparisons with 2021, activity levels are unlikely to rebound significantly before year-end. Drilling operations have also been reduced, reflected in the number of discoveries made year-to-date. The upsurge of new acreage awards has also significantly declined compared to 2021. Even though there has been a major reduction in exploration activity in 2021, there were some diamonds in the rough, such as the Liuperd-1 well, which committed 73 m of net gas-condensate pay in South Africa, Turkey's Tuna-1 well, expected to contain 405 Bcm of gas resources. Additionally, with these significant discoveries, another high-impact drilling is ongoing, such as BP's Ironbark-1 well in Australia, which spuds in late October.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
All major indicators for exploration activity levels saw a significant reduction in 2021 due to the Covid-19 pandemic continuing to wreak havoc on Energy and power companies' ability to operate as originally planned. The number of international rigs has reduced by 20%, and the number of new seismic contracts awarded has dropped by 45%. Even though these figures are year-to-date comparisons with 2021, activity levels are unlikely to rebound significantly before year-end. Drilling operations have also been reduced, reflected in the number of discoveries made year-to-date. The upsurge of new acreage awards has also significantly declined compared to 2021. Even though there has been a major reduction in exploration activity in 2021, there were some diamonds in the rough, such as the Liuperd-1 well, which committed 73 m of net gas-condensate pay in South Africa, Turkey's Tuna-1 well, expected to contain 405 Bcm of gas resources. Additionally, with these significant discoveries, another high-impact drilling is ongoing, such as BP's Ironbark-1 well in Australia, which spuds in late October.
MARKET PLAYERS
The reports cover key developments in the exploration and drilling security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from exploration and drilling security market are anticipated to lucrative growth opportunities in the future with the rising demand for exploration and drilling security in the global market. Below mentioned is the list of few companies engaged in the exploration and drilling security market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the exploration and drilling security market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Honeywell International Inc
- Lockheed Martin Corporation
- Waterfall Security Solutions Ltd
- Siemens
- Cisco
- Intel Corporation
- Microsoft
- ABB
- UNITED TECHNOLOGIES CORPORATION
- GENERAL ELECTRIC
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Exploration And Drilling Security Market - By Product
1.3.2 Exploration And Drilling Security Market - By Application
1.3.3 Exploration And Drilling Security Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EXPLORATION AND DRILLING SECURITY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. EXPLORATION AND DRILLING SECURITY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. EXPLORATION AND DRILLING SECURITY MARKET - GLOBAL MARKET ANALYSIS
6.1. EXPLORATION AND DRILLING SECURITY - GLOBAL MARKET OVERVIEW
6.2. EXPLORATION AND DRILLING SECURITY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. EXPLORATION AND DRILLING SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PHYSICAL SECURITY
7.3.1. Overview
7.3.2. Physical Security Market Forecast and Analysis
7.4. NETWORK SECURITY
7.4.1. Overview
7.4.2. Network Security Market Forecast and Analysis
8. EXPLORATION AND DRILLING SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. EXPLORATION AND DRILLING
8.3.1. Overview
8.3.2. Exploration and Drilling Market Forecast and Analysis
8.4. DRILLING
8.4.1. Overview
8.4.2. Drilling Market Forecast and Analysis
9. EXPLORATION AND DRILLING SECURITY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Exploration And Drilling Security Market Overview
9.1.2 North America Exploration And Drilling Security Market Forecasts and Analysis
9.1.3 North America Exploration And Drilling Security Market Forecasts and Analysis - By Product
9.1.4 North America Exploration And Drilling Security Market Forecasts and Analysis - By Application
9.1.5 North America Exploration And Drilling Security Market Forecasts and Analysis - By Countries
9.1.5.1 United States Exploration And Drilling Security Market
9.1.5.1.1 United States Exploration And Drilling Security Market by Product
9.1.5.1.2 United States Exploration And Drilling Security Market by Application
9.1.5.2 Canada Exploration And Drilling Security Market
9.1.5.2.1 Canada Exploration And Drilling Security Market by Product
9.1.5.2.2 Canada Exploration And Drilling Security Market by Application
9.1.5.3 Mexico Exploration And Drilling Security Market
9.1.5.3.1 Mexico Exploration And Drilling Security Market by Product
9.1.5.3.2 Mexico Exploration And Drilling Security Market by Application
9.2. EUROPE
9.2.1 Europe Exploration And Drilling Security Market Overview
9.2.2 Europe Exploration And Drilling Security Market Forecasts and Analysis
9.2.3 Europe Exploration And Drilling Security Market Forecasts and Analysis - By Product
9.2.4 Europe Exploration And Drilling Security Market Forecasts and Analysis - By Application
9.2.5 Europe Exploration And Drilling Security Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Exploration And Drilling Security Market
9.2.5.1.1 Germany Exploration And Drilling Security Market by Product
9.2.5.1.2 Germany Exploration And Drilling Security Market by Application
9.2.5.2 France Exploration And Drilling Security Market
9.2.5.2.1 France Exploration And Drilling Security Market by Product
9.2.5.2.2 France Exploration And Drilling Security Market by Application
9.2.5.3 Italy Exploration And Drilling Security Market
9.2.5.3.1 Italy Exploration And Drilling Security Market by Product
9.2.5.3.2 Italy Exploration And Drilling Security Market by Application
9.2.5.4 United Kingdom Exploration And Drilling Security Market
9.2.5.4.1 United Kingdom Exploration And Drilling Security Market by Product
9.2.5.4.2 United Kingdom Exploration And Drilling Security Market by Application
9.2.5.5 Russia Exploration And Drilling Security Market
9.2.5.5.1 Russia Exploration And Drilling Security Market by Product
9.2.5.5.2 Russia Exploration And Drilling Security Market by Application
9.2.5.6 Rest of Europe Exploration And Drilling Security Market
9.2.5.6.1 Rest of Europe Exploration And Drilling Security Market by Product
9.2.5.6.2 Rest of Europe Exploration And Drilling Security Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Exploration And Drilling Security Market Overview
9.3.2 Asia-Pacific Exploration And Drilling Security Market Forecasts and Analysis
9.3.3 Asia-Pacific Exploration And Drilling Security Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Exploration And Drilling Security Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Exploration And Drilling Security Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Exploration And Drilling Security Market
9.3.5.1.1 Australia Exploration And Drilling Security Market by Product
9.3.5.1.2 Australia Exploration And Drilling Security Market by Application
9.3.5.2 China Exploration And Drilling Security Market
9.3.5.2.1 China Exploration And Drilling Security Market by Product
9.3.5.2.2 China Exploration And Drilling Security Market by Application
9.3.5.3 India Exploration And Drilling Security Market
9.3.5.3.1 India Exploration And Drilling Security Market by Product
9.3.5.3.2 India Exploration And Drilling Security Market by Application
9.3.5.4 Japan Exploration And Drilling Security Market
9.3.5.4.1 Japan Exploration And Drilling Security Market by Product
9.3.5.4.2 Japan Exploration And Drilling Security Market by Application
9.3.5.5 South Korea Exploration And Drilling Security Market
9.3.5.5.1 South Korea Exploration And Drilling Security Market by Product
9.3.5.5.2 South Korea Exploration And Drilling Security Market by Application
9.3.5.6 Rest of Asia-Pacific Exploration And Drilling Security Market
9.3.5.6.1 Rest of Asia-Pacific Exploration And Drilling Security Market by Product
9.3.5.6.2 Rest of Asia-Pacific Exploration And Drilling Security Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Exploration And Drilling Security Market Overview
9.4.2 Middle East and Africa Exploration And Drilling Security Market Forecasts and Analysis
9.4.3 Middle East and Africa Exploration And Drilling Security Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Exploration And Drilling Security Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Exploration And Drilling Security Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Exploration And Drilling Security Market
9.4.5.1.1 South Africa Exploration And Drilling Security Market by Product
9.4.5.1.2 South Africa Exploration And Drilling Security Market by Application
9.4.5.2 Saudi Arabia Exploration And Drilling Security Market
9.4.5.2.1 Saudi Arabia Exploration And Drilling Security Market by Product
9.4.5.2.2 Saudi Arabia Exploration And Drilling Security Market by Application
9.4.5.3 U.A.E Exploration And Drilling Security Market
9.4.5.3.1 U.A.E Exploration And Drilling Security Market by Product
9.4.5.3.2 U.A.E Exploration And Drilling Security Market by Application
9.4.5.4 Rest of Middle East and Africa Exploration And Drilling Security Market
9.4.5.4.1 Rest of Middle East and Africa Exploration And Drilling Security Market by Product
9.4.5.4.2 Rest of Middle East and Africa Exploration And Drilling Security Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Exploration And Drilling Security Market Overview
9.5.2 South and Central America Exploration And Drilling Security Market Forecasts and Analysis
9.5.3 South and Central America Exploration And Drilling Security Market Forecasts and Analysis - By Product
9.5.4 South and Central America Exploration And Drilling Security Market Forecasts and Analysis - By Application
9.5.5 South and Central America Exploration And Drilling Security Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Exploration And Drilling Security Market
9.5.5.1.1 Brazil Exploration And Drilling Security Market by Product
9.5.5.1.2 Brazil Exploration And Drilling Security Market by Application
9.5.5.2 Argentina Exploration And Drilling Security Market
9.5.5.2.1 Argentina Exploration And Drilling Security Market by Product
9.5.5.2.2 Argentina Exploration And Drilling Security Market by Application
9.5.5.3 Rest of South and Central America Exploration And Drilling Security Market
9.5.5.3.1 Rest of South and Central America Exploration And Drilling Security Market by Product
9.5.5.3.2 Rest of South and Central America Exploration And Drilling Security Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. EXPLORATION AND DRILLING SECURITY MARKET, KEY COMPANY PROFILES
11.1. HONEYWELL INTERNATIONAL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. INTEL SECURITY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MICROSOFT CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SIEMENS AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SYMANTEC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ABB
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CISCO SYSTEMS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LOCKHEED MARTIN CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UNITED TECHNOLOGIES CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WATERFALL SECURITY SOLUTIONS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Honeywell International
2. Intel Security
3. Microsoft Corporation
4. Siemens AG
5. Symantec Corporation
6. ABB
7. Cisco Systems
8. Lockheed Martin Corporation
9. United Technologies Corporation
10. Waterfall Security Solutions
11.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For