Robotic Drilling Market Scope And Analysis

Report Code : TIPAT00002211
Category : Electronics and Semiconductor

No. of Pages : 150

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Robotic Drilling Market Analysis, Size, and Growth (2024-2031)

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Robotic Drilling Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 850 Million
Market Size by 2031	US$ 1378.74 Million
Global CAGR (2023 - 2031)	6.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Hardware Software By Installation Type New Build Retrofit By Application Onshore Offshore
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Baker Hughes Schlumberger Halliburton Caterpillar National Oilwell Varco Atlas Copco Sandvik Mitsubishi Heavy Industries Komatsu Hitachi Construction Machinery

Robotic Drilling Market News and Recent Developments

The robotic drilling market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In March 2021, Schlumberger received a USD 480 million contract to drill 96 oil wells in southern Iraq for Basra Oil Company and ExxonMobil, which run the massive West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China.

(Source: Schlumberger, Company Website, 2021)

In October 2021, Nabors Industries Ltd unveiled the PACE-R801 fully automated land drilling rig equipped with Canrig robotics. It achieved complete depth with its first well in the Permian Basin. It designed an autonomous rig floor to eliminate crews from red zone locations and provide constant drilling performance.

(Source: Nabors Industries Ltd, Company Website, 2021)

Robotic Drilling Market Report Coverage and Deliverables

The "Robotic Drilling Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles