Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023

Publisher Name :
Date: 07-Jun-2018
No. of pages: 111
Inquire Before Buying

“The robotic drilling market is estimated to grow at a CAGR of 7.01% from 2018 to 2023.”

The robotic drilling market is estimated to reach USD 923.2 million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs. However, the lack of interoperability of rig control systems used in robotic drilling act as a restraint for the market growth.

“The onshore drilling segment of the robotic drilling market, by application, is expected to grow at a higher CAGR from 2018 to 2023.

The onshore drilling market is expected to grow at a higher CAGR during the forecast period. The growth of the market can be attributed to the rise in unconventional drilling activities and penetration of automation in onshore drilling in countries such as the US, China, and Canada.

“North America: the largest robotic drilling market.”

North America is estimated to dominate the global robotic drilling market during the forecast period due to the increase in drilling activities in the US and Canada. The US is the largest market in North America and is focused on developing its shale gas resources to increase its oil and gas production, coupled with high adoption of automation and robotics in drilling. Canada is the other key market in North America. The country has an abundance of conventional and unconventional sources of natural gas, including tight gas and shale gas, leveraging its drilling automation technology for extracting these resources.

Breakdown of primaries

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 36%, Tier 2- 40%, and Tier 3- 24%

  • By Designation: C-Level- 25%, Director Level- 35%, and Others- 40%

  • By Region: North America- 32%, Asia Pacific- 25%, Europe- 7%, Middle East - 26%, and RoW- 10%


Note: The tiers of the companies have been defined on the basis of their total revenue as of 2016: tier1 = >USD 1 billion, tier 2 = USD 500 million to USD 1 billion, and tier 3 = < USD 500 million.

Nabors (US), Precision Drilling (Canada), Huisman (US), Weather ford (Switzerland), and National Oilwell Varco (US) are among the leading players in the robotic drilling market.

Research Coverage

The report provides a picture of the robotic drilling market across the oil and gas industry indifferent regions. It aims at estimating the market size and future growth potential of the market across different segments, namely, component, installation, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

For the purpose of this report, the market has been segmented on the basis of installation, component, application, and region, with a focus on industry analysis (industry trends), ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise the basic views on the competitive landscape, emerging and high-growth segments of the robotic drilling market, high-growth regions, and drivers, restraints, challenges, and opportunities pertaining to the market.

The report provides insights on the following pointers:


  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches and developments in the robotic drilling market

  • Market Development: Comprehensive information about the lucrative emerging markets; the report analyzes the markets for robotic drilling across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global robotic drilling market


 Why Buy This Report?


  • The report identifies and addresses key solutions for the operators of robotic drilling systems, which would further increase the demand for such drilling solutions.

  • The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Limitations
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Robotic Drilling Market During the Forecast Period
4.2 Robotic Drilling Market, By Application
4.3 Robotic Drilling Market, By Components
4.4 Robotic Drilling Market, By Installation
4.5 North American Robotic Drilling Market, By Application

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increased Adoption of Automation in Oil & Gas Industry
5.1.1.2 Improved Operational Efficiency and Less Human Intervention
5.1.2 Restraints
5.1.2.1 Interoperability of Rig Control Systems
5.1.3 Opportunities
5.1.3.1 Improving Safety in Rigs
5.1.3.2 Increased Exploration Actives in Ultra-Deepwater and Arctic Region
5.1.4 Challenges
5.1.4.1 Increasing Data Privacy & Cybersecurity Risk

6 Robotic Drilling Market, By Application
6.1 Introduction
6.2 Onshore
6.3 Offshore

7 Robotic Drilling Market, By Components
7.1 Introduction
7.2 Hardware
7.3 Software

8 Robotic Drilling Market, By Installation
8.1 Introduction
8.2 New Builds
8.3 Retrofits

9 Robotic Drilling Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Russia
9.3.2 UK
9.3.3 Norway
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Malaysia
9.4.3 Australia
9.4.4 Rest of Asia Pacific
9.5 Middle East
9.5.1.1 Saudi Arabia
9.5.1.2 UAE
9.5.1.3 Oman
9.5.1.4 Rest of Middle East
9.6 Rest of the World
9.6.1.1 Brazil
9.6.1.2 Mexico
9.6.1.3 Rest of RoW

10 Competitive Landscape
10.1 Introduction
10.2 Market Shares of Leading Players & Market Structure
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Mergers & Acquisitions
10.3.3 Investments & Expansions
10.3.4 Contracts & Agreements/ Joint Ventures/Partnerships & Collaborations

11 Company Profile
11.1 Benchmarking
(Business Overview, Products/Services Offered, Recent Developments, MnM View)*
11.2 National Oilwell Varco
11.3 Weatherford International
11.4 Nabors – Rds
11.5 Ensign Energy Services
11.6 Huisman
11.7 Drillmec
11.8 Precision Drilling
11.9 Sekal
11.10 Abraj Energy
11.11 Drillform Technical
11.12 Automated Rig Technologies
11.13 Rigarm

*Details on Business Overview, Products/Services Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Robotic Drilling Market Snapshot
Table 2 Robotic Drilling Market, By Application, 2016–2023 (USD Million)
Table 3 Onshore Application: Robotic Drilling Market Size, By Region, 2016–2023 (USD Million)
Table 4 Offshore Application: Robotic Drilling Market Size, By Region, 2016–2023 (USD Million)
Table 5 Robotic Drilling Market, By Components, 2016–2023 (USD Million)
Table 6 Hardware: Robotic Drilling Market Size, By Region, 2016–2023 (USD Million)
Table 7 Software: Robotic Drilling Market Size, By Region, 2016–2023 (USD Million)
Table 8 Robotic Drilling Market, By Installation, 2016–2023 (USD Million)
Table 9 Ratio of New Builds to Active Rigs in US (2014-2016)
Table 10 Robotic Drilling Market Size, By Region, 2016–2023 (USD Million)
Table 11 Robotic Drilling Market Size, By Country (Top 5), 2016–2023 (USD Million)
Table 12 Fastest Growing Robotic Drilling Market Size, By Country (Top 5), 2016–2023 (USD Million)
Table 13 Fastest Growing Hardware Robotic Drilling Market Size, By Components (Top 5), 2016–2023 (USD Million)
Table 14 North America: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 15 North America: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 16 North America: Robotic Drilling Market Size, By Country, 2016–2023 (USD Million)
Table 17 US: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 18 US: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 19 Canada: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 20 Canada: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 21 Europe: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 22 Europe: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 23 Europe: Robotic Drilling Market Size, By Country, 2016–2023 (USD Million)
Table 24 Russia: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 25 Russia: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 26 UK: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 27 UK: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 28 Norway: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 29 Norway: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 30 Rest of Europe: Robotic Drilling Market Size, By Application, 2016–2023 (USD Millions)
Table 31 Rest of Europe: Robotic Drilling Market Size, By Components, 2016–2023 (USD Millions)
Table 32 Asia Pacific: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 33 Asia Pacific: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 34 Asia Pacific: Robotic Drilling Market Size, By Country, 2016–2023 (USD Million)
Table 35 China: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 36 China: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 37 Malaysia: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 38 Malaysia: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 39 Australia: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 40 Australia: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 41 Rest of Asia Pacific: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 42 Rest of Asia Pacific: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 43 Middle East: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 44 Middle East: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 45 Middle East: Robotic Drilling Market Size, By Country, 2016–2023 (USD Million)
Table 46 Saudi Arabia: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 47 Saudi Arabia: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 48 UAE: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 49 UAE: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 50 Oman: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 51 Oman: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 52 Rest of Middle East: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 53 Rest of Middle East: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 54 Rest of the World: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 55 Rest of the World: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 56 Rest of the World: Robotic Drilling Market Size, By Country, 2016–2023 (USD Million)
Table 57 Brazil: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 58 Brazil: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 59 Mexico: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 60 Mexico: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 61 Rest of RoW: Robotic Drilling Market Size, By Application, 2016–2023 (USD Million)
Table 62 Rest of RoW: Robotic Drilling Market Size, By Components, 2016–2023 (USD Million)
Table 63 Nabors Led the Market for Robotic Drilling in 2017
Table 64 Market Developments, 2014–2018
Table 65 New Product Launches, 2014–2018
Table 66 Mergers & Acquisitions, 2014–2018
Table 67 Investments & Expansions, 2014–2018
Table 68 Contracts & Agreements/ Joint Ventures/Partnerships & Collaborations, 2014–2018

List of Figures

Figure 1 Robotic Drilling Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 Robotic Drilling Market, By Region (Value), 2018
Figure 7 Robotic Drilling Market, By Application, 2018–2023 (USD Billion)
Figure 8 Robotic Drilling Market, By Region, 2018–2023 (USD Billion)
Figure 9 Growing Adoption of Automation in Drilling Activities Drives the Robotic Drilling Market, 2018–2023
Figure 10 Onshore Segment is Leading the Robotic Drilling, Market, 2018–2023
Figure 11 Hardware Segment Led the Robotic Drilling Market in 2017
Figure 12 Retrofit Segment is Expected to Lead the Robotic Drilling Market During Forecasted Period
Figure 13 US Led the North American Robotic Drilling Market in 2017
Figure 14 Robotic Drilling Market: Drivers, Restraints, Opportunities, & Challenges
Figure 15 West Texas Intermediate (WTI) Crude Oil Price, 2013–2017
Figure 16 World Crude Oil Annual Production vs Consumption, 2011–2016
Figure 17 The Onshore Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 18 The Hardware Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 19 The Retrofit Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 20 Regional Snapshot (2017): North America Led the Market for Robotic Drilling
Figure 21 North America: the Fastest Growing Robotic Drilling Market, 2018–2023
Figure 22 North America: Robotic Drilling Market Overview
Figure 23 Asia Pacific: Drilling Market Overview
Figure 24 Saudi Arabia Accounts for the Major Share in the Middle East Robotic Drilling Market, 2017
Figure 25 Key Developments in the Robotic Drilling Market, 2014–2018
Figure 26 National Oilwell Varco, Inc.: Company Snapshot
Figure 27 Weatherford International: Company Snapshot
Figure 28 Nabors –RDS: Company Snapshot
Figure 29 Ensign Energy Services: Company Snapshot
Figure 30 Precision Drilling: Company Snapshot

  • Global Coal Bed Methan Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 167
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Coal Bed Methan market for 2018-2023. Coal bed methane (coal seam methane) is a mixture of methane and trace quantities of light hydrocarbons, nitrogen, and CO2, which are generated during the geological transformation from peat to anthracite coal in underground coal seams. Over the next five years, LPI(LP Information) projects that Coal Bed Methan w......
  • Global Gasification Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 136
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Gasification market for 2018-2023. Gasification is a process that converts organic- or fossil fuel-based carbonaceous materials into carbon monoxide, hydrogen and carbon dioxide. This is achieved by reacting the material at high temperatures (>700 °C), without combustion, with a controlled amount of oxygen and/or steam. The resulting gas mixture is called s......
  • Global Photovoltaic Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 165
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Photovoltaic market for 2018-2023. Photovoltaic (PV) systems are used to convert sunlight into electricity. They are safe, reliable, incur less operating costs, and are easy to install. Over the next five years, LPI(LP Information) projects that Photovoltaic will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx mill......
  • Global Phosphate Bronze Wire Market Insights, Forecast to 2025
    Published: 19-Oct-2018        Price: US 4900 Onwards        Pages: 118
    The Phosphate Bronze Wire market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Phosphate Bronze Wire. This report presents the worldwide Phosphate Bronze Wire market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by......
  • Global Liquefied Natural Gas (LNG) Infrastructure Market Insights, Forecast to 2025
    Published: 19-Oct-2018        Price: US 4900 Onwards        Pages: 111
    LNG infrastructure comprises tankers, import terminals, and inland storage plants. The physical infrastructure of LNG comprises interconnected transportation and storage facilities. The global liquefied natural gas (LNG) infrastructure market has witnessed numerous growth opportunities over the past few years. The liquefied natural gas (LNG) infrastructure market is expected to witness significant growth in the near future, as LNG costs lesser than other energy sources. H......
  • Global Customer Micro Grids Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 165
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Customer Micro Grids market for 2018-2023. Customer microgrids or true microgrids are self-governed, and usually downstream of a single point of common coupling (PCC). The main drivers of the market are cost of generation reduction, increased reliability, strong enough to withstand the fluctuations in power supply, and penetration of grid interconnec......
  • Global DC Drive Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 158
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global DC Drive market for 2018-2023. DC drives are DC motor speed control systems. Due to the surge in power consumption across the world, the global DC drive market is likely to register healthy growth over the forecast period. Over the next five years, LPI(LP Information) projects that DC Drive will register a xx% CAGR in terms of revenue, reach U......
  • Global Electrical Bushings Market Insights, Forecast to 2025
    Published: 19-Oct-2018        Price: US 4900 Onwards        Pages: 129
    The Electrical Bushings market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Electrical Bushings. This report presents the worldwide Electrical Bushings market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manuf......
  • Global Distributed Solar Power Generation Market Growth 2018-2023
    Published: 19-Oct-2018        Price: US 3660 Onwards        Pages: 137
    In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Distributed Solar Power Generation market for 2018-2023. Distributed generation (DG) refers to the electricity that is produced at or near the point where it is used. The major factors driving the market are rapidly increasing adaptation of solar energy and government incentives by various countries to promote renewable energy. However, the lack of d......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs