Robotic Drilling Market
Robotic Drilling Market Analysis by Retrofit and New Builds for Onshore and Offshore from 2023 to 2033
Analysis of Robotic Drilling Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Robotic Drilling Market Outlook (2023 to 2033)
The global robotic drilling market is valued at US$ 485 billion in 2023 and is projected to increase at a CAGR of 8% to reach US$ 985 billion by 2033-end, according to this latest market study by skilled analysts at Fact.MR.
Robotic drilling machines are automated systems that drill holes using cutting-edge technology and find applications in many industries, with an emphasis on the oil and gas industry. In comparison to conventional drilling techniques, these machines offer advantages in terms of precision, efficiency, and safety.
Robotic drilling is mainly divided into two categories: onshore, which refers to robots that operate on land, and offshore, which refers to robotic drilling that takes place on ocean floors or seabed. To collect oil and gas from the ground and water, these automated drilling machines build new rigs. During routine maintenance or the replacement of outdated system components, they are employed to retrofit older rigs.
Faster drilling speeds, multi-sensor measurement, safer operations, and mass manufacturing are just a few of the advantages that robotic drilling provides over traditional drilling. Robotic drilling companies create both the mechanical parts of factory robots as well as the software needed to operate and program them for usage on oil and gas rigs.
- Use of robotic drilling machines in the oil & gas sector is projected to rise at 8.5% CAGR from 2023 to 2033.
Drilling with robotic assistance refers to the use of automation and robotic systems to improve and optimize the drilling process in a variety of sectors. By lowering the need for manual labor and raising the amount of automation in drilling processes, this technology seeks to increase drilling efficiency, accuracy, and safety.
| Report Attributes | Details |
|---|---|
| Robotic Drilling Market Size (2022A) | US$ 450 Billion |
| Estimated Market Value (2023E) | US$ 485 Billion |
| Forecasted Market Value (2033F) | US$ 985 Billion |
| Global Market Growth Rate (2023 to 2033) | 8% CAGR |
| Oil & Gas Segment Growth Rate (2023 to 2033) | 8.5% CAGR |
| New Builds Segment Growth Rate (2023 to 2033) | 9% CAGR |
| North America Market Growth Rate (2023 to 2033) | 8% CAGR |
| Leading Regional Market | North America |
| Key Companies Profiled |
|
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What is Fueling the Demand for Robotic Drilling Equipment?
"Focus on Reducing Human Involvement in Hazardous Activities"
As organizations look for effective ways to reduce human exposure to risky and difficult drilling situations, safety and risk mitigation play a critical role in driving the robotic drilling market. Traditional drilling operations typically need human workers to participate in physically taxing and risky activities, especially in industries like oil & gas exploration, mining, and construction. Drilling operations are now substantially safer and more secure thanks to robotic drilling technology, which has also changed the commercial climate.
Robotic drilling reduces human involvement in hazardous drilling activities. These operations typically take place in difficult or isolated locations, such as mines in hazardous terrain, offshore oil rigs, or deep-sea drilling platforms. Human employees are at risk in these conditions from a range of factors, such as the possibility of accidents, exposure to hazardous materials, and severe weather. Robotic drilling equipment can be used by businesses to lessen these risks, improving employee welfare and safety.
"Adoption of Automation Leading to Improved Data Collection and Operational Efficiency"
Usage of automation in the oil and gas sector has grown significantly as a result of developments in data collecting, improved operational precision and accuracy, and improved worker safety. Additionally, automation is ideal for oil and gas production in deep oceans, which are places with changing climatic conditions. Oil and gas rig operating companies are progressively incorporating automation on their rigs.
There is little to no human interference in the drilling process, which reduces the likelihood of error. Adoption of automation has boosted production, which improves data collecting. As robotic drilling machines make fewer errors, they work more effectively and create higher-quality work, which increases both their productivity and the effectiveness of both land- and water-based activities.
What Hurdles are Affecting the Sales Growth of Robotic Drilling?
"Data Privacy and Cybersecurity Concerns Arising from Interoperability"
Computers running automation systems on oil and gas rigs, akin to software, possess multiple network access points, enabling their utilization across various systems. This puts data confidentiality at risk, along with other cybersecurity issues. Without consent, the information can be used in improper and illegal ways.
The system's functionality may change, which may have a negative impact on drilling rigs and operations. Businesses have either abandoned their plans to automate the drills or stopped the upgrading work as a result of these unfavorable effects, which has limited the demand for robotic drilling equipment.
“High Initial Cost and Regulation Compliance Issues”
For smaller businesses or operators with tighter budgets, robotic drilling equipment can be prohibitively expensive to purchase and deploy. Integrating robotic drilling systems into current infrastructure and drilling operations can be difficult and time-consuming. Adoption may be slowed down by compatibility problems and the requirement for customization.
It frequently takes specialized knowledge and training to operate and maintain robotic drilling systems. It may be difficult for businesses to hire and keep qualified staff to manage these systems. Strict safety and environmental standards apply to the drilling sector. It can be difficult and possibly expensive to deploy robotic drilling equipment while adhering to these rules.
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Country-wise Insights
This section offers a glimpse into the revenue produced from important markets. The United States and China have emerged as notable leaders in the primary market. These statistical findings highlight important geographical prospects within the countries analyzed in the report, according to the analysis done by Fact.MR.
What is Drawing Robotic Drilling Equipment Manufacturers to the United States?
"Rising Shale Gas Drilling and Heavy Investments in Advanced Drilling Equipment"
Over the predicted period (2023 to 2033), the market in North America is predicted to advance at a CAGR of 8%.
Developed countries in North America are anticipated to hold a sizable value share of the robotic drilling market. The rise in shale gas drilling activity in the region is attributed to this. The need for robotic drilling equipment in the United States is also being fueled by an increase in exploration activity in the Gulf of Mexico.
Additionally, as a result of rising oil prices and falling drilling costs, developed countries like the United States have seen a considerable increase in the number of offshore rigs and oil output. Due to the subsequent increase in demand for offshore drilling, the market is expanding at a significant rate.
Rising investments in the industry are anticipated to boost demand for robotic drilling. 2020 saw a considerable increase in offshore production, reaching 641 million oil barrels.
- Approximately 2,287 oil and gas leases totaling more than 12 million OCS (outer Continental Shelf) acres were managed by the BOEM (Bureau of Ocean Energy Management) as of May 2021.
The future of the market in North America is predicted to be bright thanks to the expansion of shale exploration activities and increased attention to lowering drilling activity costs, decreasing time, and lowering risk.
What Makes China a Lucrative Market for Robotic Drilling Equipment Manufacturers?
"Increasing Use of Robotic Drilling Methods for Exploration of Renewable Energy Resources"
The robotic drilling market in China has grown significantly, propelled by infrastructure development, renewable energy initiatives, and the growth of the oil and gas sector. Demand for robotic drilling equipment is significantly fueled by China's oil and gas sector. Robotic drilling methods are being used more frequently as a result of the discovery and exploitation of renewable energy resources, such as shale gas and offshore oil deposits.
Opportunities for robotic drilling systems have been made possible by the expansion of offshore drilling operations, particularly in the South China Sea and Bohai Sea. The accuracy and safety of these devices make them ideal for offshore activities.
Category-wise Insights
This segment offers a comprehensive overview of the market, organizing it based on applications and installations. The subcategories that occupy a major share of the market include onshore and new-build installations, which are generating substantial potential for future opportunities.
What is Behind the Increasing Use of Robotic Drilling Machines in New-Build Installations?
"Investments in Robotic Drilling Machines for Enhanced Efficiency and Safety in New Builds"
Demand for robotic drilling equipment for newly built rigs is expected to experience a 9% CAGR from 2023 to 2033, according to projections in the report by Fact.MR.
Deployment of robotic drilling systems in recently built drilling rigs, platforms, or facilities is referred to as a "new build installation" in the robotic drilling industry. These installations are usually built into the design and construction of drilling equipment and infrastructure as part of the initial setup of drilling operations.
Investments in new buildings demonstrate a commitment to using robotic drilling technologies for the long term. Companies may interpret this as a strategic move to keep them competitive and position them for growth and success in the future.
Robotic drilling systems in new builds are expected to enhance drilling efficiency, precision, and safety. They can be tailored to the specific needs of the drilling project, reducing manual labor and improving operational outcomes. Integration of robotic systems in new builds can contribute to improved safety by reducing the exposure of human workers to hazardous drilling environments. Safety features and protocols can be incorporated into the design.
Why Has Robotic Drilling Found Extensive Use in Onshore Operations?
"Lower Operational Costs and Enhanced Convenience of Onshore Drilling Platforms"
While robotic drilling technology has versatile applications in both onshore and offshore drilling rigs, it is onshore drilling platforms that are assuming a leading role in driving market growth. Onshore rigs are garnering increased attention in the oil and gas industry owing to their lower operational costs and enhanced convenience, as opposed to the offshore drilling sector, which demands substantial capital and involves greater complexity. Consequently, the global market is anticipated to sustain its profitability in the foreseeable future, primarily driven by the upsurge in onshore activities within the oil and gas sector.
Robotic drilling is used in geotechnical analyses for infrastructure projects like bridge foundations, dams, and building foundations. These drilling applications evaluate the characteristics of the rock and soil, supplying vital information for the design and planning of buildings.
Mining automation refers to the use of various technologies and systems to automate mining processes and operations, reducing the need for human intervention and increasing efficiency, safety, and productivity in the mining industry. Robotic drilling technology is used in land-based drilling operations, which are referred to as onshore applications. These applications are common in many different industries, including mining, construction, geotechnical drilling, and oil and gas exploration.
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Competitive landscape highlights only certain players
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Competitive Landscape
Leading firms in the industry are those with a track record of offering drilling solutions and a strong global presence. They offer several robotic drilling systems and services.
Development of robotic drilling technology is being driven by tech companies and corporations. They focus on specific drilling applications, automation, and niche solutions. Providing comprehensive after-sales service, maintenance, and technical support is crucial. Companies with a strong service network and customer support capabilities have a competitive edge.
- Drillform Technical Services Ltd. in the United Arab Emirates opened a new facility in August 2020. The major purpose of this facility was to serve its clients in the Middle East and North Africa region. The construction of this building allows Drillform to handle all of its sales of services, products, and systems.
Key Segments of Robotic Drilling Market Research
-
By Application :
- Onshore
- Offshore
-
By Installation :
- Retrofit
- New Builds
-
By Component :
- Hardware
- Software
-
By End Use :
- Oil & Gas
- Construction
- Mining
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Key Findings 1.1.1. Overall Market 1.1.2. Segment Overview 1.1.3. Regional Overview 1.1.4. Competitor’s Focus 1.1.5. Consumer’s Perception 1.2. Summary of Statistics 1.3. Market Characteristics and Attributes 2. Market Overview 2.1. Introduction and Definition 2.2. Research Scope 3. COVID 19 Impact Assessment 3.1. Demand in Market 3.1.1. Global Market Quarterly Market Value Analysis (US$ Mn), 2022 3.1.2. Global Market Value Y-o-Y Growth Pre and Post Crisis Projection 3.1.3. Global Market Recalibrated Growth Projection (US$ Mn) 3.2. Market Shrink and Recovery Trend Assessment, by Region 3.3. Market Recalibrated Market and Growth Assessment, by Region 4. Market Background 4.1. Country wise Market Attractiveness Index 4.2. Market Scenario-based Forecast 4.3. Value Chain Analysis 4.3.1. List of Manufacturers 4.3.2. List of Online Retailers 4.3.3. List of End Uses 4.4. Investment Feasibility Assessment 4.4.1. Investment Feasibility for Market 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Buyers 4.5.2. Bargaining Power of Suppliers 4.5.3. Threat of Substitute Components 4.5.4. Threat of New Entrants 4.5.5. Intensity of Rivalry 4.5.6. 5 Forces Acting Upon Market 4.6. PESTEL Analysis 4.7. Forecast Factors 4.7.1. Increasing Government Regulations 4.7.2. Expansion of Industry 4.7.3. Compliance to Insurance Regulations 4.7.4. Advancements in Market 4.7.5. Increasing Global Temperature 4.7.6. Technological Advancements 4.8. Market Dynamics 4.8.1. Market Drivers 4.8.2. Market Restraints 4.8.3. Opportunity Windows 4.8.4. Key Trends 5. Global Market Pricing Analysis 5.1. Price Point Assessment 5.1.1. Weighted Average Pricing (2022), by Region 5.1.2. Key Factors Influencing Pricing 5.1.3. Price Benchmark by Region 5.1.4. Price Benchmark by Installation 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033) 6.1. Market Overview 6.2. Introduction to Market Statistics 6.2.1. Global Market Value (US$ Mn) 6.2.2. Global Cumulative Historical Market and Absolute $ Opportunity 6.3. Y-o-Y Growth and Incremental Opportunity 6.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Installation 7.1. Introduction 7.1.1. Installation Definition 7.1.1.1. Retrofit 7.1.1.2. New Builds 7.1.2. Market Key Findings, by Installation 7.1.2.1. Absolute $ Opportunity (2023 to 2033) 7.1.2.2. Market Share and BPS Analysis 7.1.2.3. Y-o-Y Growth Projections 7.1.2.4. Market Attractiveness Analysis 7.2. Global Market Regional Market Share Comparison, by Installation 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Component 8.1. Introduction 8.1.1. Component Definition 8.1.1.1. Hardware 8.1.1.2. Software 8.1.2. Market Key Findings, by Component 8.1.2.1. Absolute $ Opportunity (2023 to 2033) 8.1.2.2. Market Share and BPS Analysis 8.1.2.3. Y-o-Y Growth Projections 8.1.2.4. Market Attractiveness Analysis 8.2. Global Market Regional Market Share Comparison, by Component 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Application 9.1. Introduction 9.1.1. Application Definition 9.1.1.1. Onshore 9.1.1.2. Offshore 9.1.2. Market Key Findings, by Application 9.1.2.1. Absolute $ Opportunity (2023 to 2033) 9.1.2.2. Market Share and BPS Analysis 9.1.2.3. Y-o-Y Growth Projections 9.1.2.4. Market Attractiveness Analysis 9.2. Global Market Regional Market Share Comparison, by Application 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by End Use 10.1. Introduction 10.1.1. End Use Definition 10.1.1.1. Oil & Gas 10.1.1.2. Construction 10.1.1.3. Mining 10.1.2. Market Key Findings, by End Use 10.1.2.1. Absolute $ Opportunity (2023 to 2033) 10.1.2.2. Market Share and BPS Analysis 10.1.2.3. Y-o-Y Growth Projections 10.1.2.4. Market Attractiveness Analysis 10.2. Global Market Regional Market Share Comparison, by End Use 11. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region 11.1. Introduction 11.1.1. Regional Coverage 11.1.1.1. North America 11.1.1.2. Europe 11.1.1.3. East Asia 11.1.1.4. South Asia 11.1.1.5. Latin America 11.1.1.6. Middle East & Africa (MEA) 11.1.1.7. Oceania 11.1.2. Market Key Findings, by Region 11.1.2.1. Absolute $ Opportunity (2023 to 2033) 11.1.2.2. Market Share and BPS Analysis 11.1.2.3. Y-o-Y Growth Projections 11.1.2.4. Market Attractiveness Analysis 11.2. Global Market Regional Market Share Comparison, by Region 12. North America Market Analysis and Forecast 12.1. Overview 12.1.1. North America Share in Global Market 12.2. Market Value & Volume Forecast and Analysis 12.2.1. By Country 12.2.1.1. United States 12.2.1.2. Canada 12.2.2. By Installation 12.2.3. By Component 12.2.4. By Application 12.2.5. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.1.1. United States 12.3.1.2. Canada 12.3.2. By Installation 12.3.3. By Component 12.3.4. By Application 12.3.5. By End Use 12.4. Y-o-Y Growth Comparison 13. Europe Market Analysis and Forecast 13.1. Overview 13.1.1. Europe Share in Global Market 13.2. Market Value & Volume Forecast and Analysis 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. United Kingdom 13.2.1.3. France 13.2.1.4. Russia 13.2.1.5. Spain 13.2.1.6. Italy 13.2.1.7. Rest of Europe 13.2.2. By Installation 13.2.3. By Component 13.2.4. By Application 13.2.5. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Russia 13.3.1.5. Spain 13.3.1.6. Italy 13.3.1.7. Rest of Europe 13.3.2. By Installation 13.3.3. By Component 13.3.4. By Application 13.3.5. By End Use 13.4. Y-o-Y Growth Comparison 14. East Asia Market Analysis and Forecast 14.1. Overview 14.1.1. East Asia Share in Global Market 14.2. Market Value & Volume Forecast and Analysis 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Installation 14.2.3. By Component 14.2.4. By Application 14.2.5. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Installation 14.3.3. By Component 14.3.4. By Application 14.3.5. By End Use 14.4. Y-o-Y Growth Comparison 15. South Asia Market Analysis and Forecast 15.1. Overview 15.1.1. South Asia Share in Global Market 15.2. Market Value & Volume Forecast and Analysis 15.2.1. By Country 15.2.1.1. India 15.2.1.2. Singapore 15.2.1.3. Indonesia 15.2.1.4. Thailand 15.2.1.5. Rest of South Asia 15.2.2. By Installation 15.2.3. By Component 15.2.4. By Application 15.2.5. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Singapore 15.3.1.3. Indonesia 15.3.1.4. Thailand 15.3.1.5. Rest of South Asia 15.3.2. By Installation 15.3.3. By Component 15.3.4. By Application 15.3.5. By End Use 15.4. Y-o-Y Growth Comparison 16. Latin America Market Analysis and Forecast 16.1. Overview 16.1.1. Latin America Share in Global Market 16.2. Market Value & Volume Forecast and Analysis 16.2.1. By Country 16.2.1.1. Brazil 16.2.1.2. Mexico 16.2.1.3. Rest of LATAM 16.2.2. By Installation 16.2.3. By Component 16.2.4. By Application 16.2.5. By End Use 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.1.1. Brazil 16.3.1.2. Mexico 16.3.1.3. Rest of LATAM 16.3.2. By Installation 16.3.3. By Component 16.3.4. By Application 16.3.5. By End Use 16.4. Y-o-Y Growth Comparison 17. Middle East & Africa Market Analysis and Forecast 17.1. Overview 17.1.1. Middle East & Africa Share in Global Market 17.2. Market Value & Volume Forecast and Analysis 17.2.1. By Country 17.2.1.1. Turkey 17.2.1.2. GCC Countries 17.2.1.3. Rest of MEA 17.2.2. By Installation 17.2.3. By Component 17.2.4. By Application 17.2.5. By End Use 17.3. Market Attractiveness Analysis 17.3.1. By Country 17.3.1.1. Turkey 17.3.1.2. GCC Countries 17.3.1.3. Rest of MEA 17.3.2. By Installation 17.3.3. By Component 17.3.4. By Application 17.3.5. By End Use 17.4. Y-o-Y Growth Comparison 18. Oceania Market Analysis and Forecast 18.1. Overview 18.1.1. Oceania Share in Global Market 18.2. Market Value & Volume Forecast and Analysis 18.2.1. By Country 18.2.1.1. Australia 18.2.1.2. New Zealand 18.2.2. By Installation 18.2.3. By Component 18.2.4. By Application 18.2.5. By End Use 18.3. Market Attractiveness Analysis 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Installation 18.3.3. By Component 18.3.4. By Application 18.3.5. By End Use 18.4. Y-o-Y Growth Comparison 19. Global Market Analysis Key Countries 19.1. United States 19.1.1. Share of North American Market 19.1.2. Market Share, by Installation, 2022 19.1.3. Market Share, by Component, 2022 19.1.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.1.5. Market Share, by End Use, 2022 19.2. Canada 19.2.1. Share of North American Market 19.2.2. Market Share, by Installation, 2022 19.2.3. Market Share, by Component, 2022 19.2.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.2.5. Market Share, by End Use, 2022 19.3. Germany 19.3.1. Share of European Market 19.3.2. Market Share, by Installation, 2022 19.3.3. Market Share, by Component, 2022 19.3.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.3.5. Market Share, by End Use, 2022 19.4. United Kingdom 19.4.1. Share of European Market 19.4.2. Market Share, by Installation, 2022 19.4.3. Market Share, by Component, 2022 19.4.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.4.5. Market Share, by End Use, 2022 19.5. France 19.5.1. Share of European Market 19.5.2. Market Share, by Installation, 2022 19.5.3. Market Share, by Component, 2022 19.5.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.5.5. Market Share, by End Use, 2022 19.6. Russia 19.6.1. Share of European Market 19.6.2. Market Share, by Installation, 2022 19.6.3. Market Share, by Component, 2022 19.6.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.6.5. Market Share, by End Use, 2022 19.7. Spain 19.7.1. Share of European Market 19.7.2. Market Share, by Installation, 2022 19.7.3. Market Share, by Component, 2022 19.7.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.7.5. Market Share, by End Use, 2022 19.8. Italy 19.8.1. Share of European Market 19.8.2. Market Share, by Installation, 2022 19.8.3. Market Share, by Component, 2022 19.8.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.8.5. Market Share, by End Use, 2022 19.9. China 19.9.1. Share of East Asian Market 19.9.2. Market Share, by Installation, 2022 19.9.3. Market Share, by Component, 2022 19.9.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.9.5. Market Share, by End Use, 2022 19.10. Japan 19.10.1. Share of East Asian Market 19.10.2. Market Share, by Installation, 2022 19.10.3. Market Share, by Component, 2022 19.10.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.10.5. Market Share, by End Use, 2022 19.11. South Korea 19.11.1. Share of East Asian Market 19.11.2. Market Share, by Installation, 2022 19.11.3. Market Share, by Component, 2022 19.11.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.11.5. Market Share, by End Use, 2022 19.12. India 19.12.1. Share of South Asian Market 19.12.2. Market Share, by Installation, 2022 19.12.3. Market Share, by Component, 2022 19.12.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.12.5. Market Share, by End Use, 2022 19.13. Singapore 19.13.1. Share of South Asian Market 19.13.2. Market Share, by Installation, 2022 19.13.3. Market Share, by Component, 2022 19.13.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.13.5. Market Share, by End Use, 2022 19.14. Indonesia 19.14.1. Share of South Asian Market 19.14.2. Market Share, by Installation, 2022 19.14.3. Market Share, by Component, 2022 19.14.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.14.5. Market Share, by End Use, 2022 19.15. Thailand 19.15.1. Share of South Asian Market 19.15.2. Market Share, by Installation, 2022 19.15.3. Market Share, by Component, 2022 19.15.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.15.5. Market Share, by End Use, 2022 19.16. Brazil 19.16.1. Share of Latin American Market 19.16.2. Market Share, by Installation, 2022 19.16.3. Market Share, by Component, 2022 19.16.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.16.5. Market Share, by End Use, 2022 19.17. Mexico 19.17.1. Share of Latin American Market 19.17.2. Market Share, by Installation, 2022 19.17.3. Market Share, by Component, 2022 19.17.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.17.5. Market Share, by End Use, 2022 19.18. Turkey 19.18.1. Share of MEA Market 19.18.2. Market Share, by Installation, 2022 19.18.3. Market Share, by Component, 2022 19.18.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.18.5. Market Share, by End Use, 2022 19.19. GCC Countries 19.19.1. Share of MEA Market 19.19.2. Market Share, by Installation, 2022 19.19.3. Market Share, by Component, 2022 19.19.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.19.5. Market Share, by End Use, 2022 19.20. South Africa 19.20.1. Share of MEA Market 19.20.2. Market Share, by Installation, 2022 19.20.3. Market Share, by Component, 2022 19.20.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.20.5. Market Share, by End Use, 2022 19.21. Australia 19.21.1. Share of Oceania Market 19.21.2. Market Share, by Installation, 2022 19.21.3. Market Share, by Component, 2022 19.21.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.21.5. Market Share, by End Use, 2022 19.22. New Zealand 19.22.1. Share of Oceania Market 19.22.2. Market Share, by Installation, 2022 19.22.3. Market Share, by Component, 2022 19.22.4. Market Value (US$ Mn) and Forecast 2023 to 2033 19.22.5. Market Share, by End Use, 2022 20. Competition Landscape 20.1. Global Market Competition Dashboard 20.2. Global Market Tier Structure 20.2.1. Market Structure in 2022 20.2.2. Anticipated Market Structure in 2033 20.3. Global Market Share Analysis 21. Competition Analysis 21.1. Drillmec Inc. 21.1.1. Company Overview 21.1.2. Component Portfolio 21.1.3. Key Strategies 21.1.4. Regional Presence 21.1.5. Key Developments 21.1.6. SWOT Analysis 21.2. Automated Rig Technologies Ltd. 21.2.1. Company Overview 21.2.2. Component Portfolio 21.2.3. Key Strategies 21.2.4. Regional Presence 21.2.5. Key Developments 21.2.6. SWOT Analysis 21.3. Epiroc AB 21.3.1. Company Overview 21.3.2. Component Portfolio 21.3.3. Key Strategies 21.3.4. Regional Presence 21.3.5. Key Developments 21.3.6. SWOT Analysis 21.4. KCA Deutag Alpha Limited 21.4.1. Company Overview 21.4.2. Component Portfolio 21.4.3. Key Strategies 21.4.4. Regional Presence 21.4.5. Key Developments 21.4.6. SWOT Analysis 21.5. National Oilwell Varco Inc. 21.5.1. Company Overview 21.5.2. Component Portfolio 21.5.3. Key Strategies 21.5.4. Regional Presence 21.5.5. Key Developments 21.5.6. SWOT Analysis 21.6. Huisman Equipment BV 21.6.1. Company Overview 21.6.2. Component Portfolio 21.6.3. Key Strategies 21.6.4. Regional Presence 21.6.5. Key Developments 21.6.6. SWOT Analysis 21.7. Sekal As 21.7.1. Company Overview 21.7.2. Component Portfolio 21.7.3. Key Strategies 21.7.4. Regional Presence 21.7.5. Key Developments 21.7.6. SWOT Analysis 21.8. Rigarm Inc. 21.8.1. Company Overview 21.8.2. Component Portfolio 21.8.3. Key Strategies 21.8.4. Regional Presence 21.8.5. Key Developments 21.8.6. SWOT Analysis 22. Appendix 23. Definitions of Analytical Frameworks 24. Sources and References
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List Of Table
Table 01: Global Market by Installation, 2018 to 2033
Table 02: Global Market Value (US$ Mn), by Installation, 2018 to 2033
Table 03: Global Market by Component, 2018 to 2033
Table 04: Global Market Value (US$ Mn), by Component, 2018 to 2033
Table 05: Global Market by Application, 2018 to 2033
Table 06: Global Market Value (US$ Mn), by Application, 2018 to 2033
Table 07: Global Market by End Use, 2018 to 2033
Table 08: Global Market Value (US$ Mn), by End Use, 2018 to 2033
Table 09: Global Market by Region, 2018 to 2033
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2033
Table 11: North America Market by Installation, 2018 to 2033
Table 12: North America Market Value (US$ Mn), by Installation, 2018 to 2033
Table 13: North America Market by Component, 2018 to 2033
Table 14: North America Market Value (US$ Mn), by Component, 2018 to 2033
Table 15: North America Market by Application, 2018 to 2033
Table 16: North America Market Value (US$ Mn), by Application, 2018 to 2033
Table 17: North America Market by End Use, 2018 to 2033
Table 18: North America Market Value (US$ Mn), by End Use, 2018 to 2033
Table 19: North America Market by Country, 2018 to 2033
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2033
Table 21: Europe Market by Installation, 2018 to 2033
Table 22: Europe Market Value (US$ Mn), by Installation, 2018 to 2033
Table 23: Europe Market by Component, 2018 to 2033
Table 24: Europe Market Value (US$ Mn), by Component, 2018 to 2033
Table 25: Europe Market by Application, 2018 to 2033
Table 26: Europe Market Value (US$ Mn), by Application, 2018 to 2033
Table 27: Europe Market by End Use, 2018 to 2033
Table 28: Europe Market Value (US$ Mn), by End Use, 2018 to 2033
Table 29: Europe Market by Country, 2018 to 2033
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2033
Table 31: East Asia Market by Installation, 2018 to 2033
Table 32: East Asia Market Value (US$ Mn), by Installation, 2018 to 2033
Table 33: East Asia Market by Component, 2018 to 2033
Table 34: East Asia Market Value (US$ Mn), by Component, 2018 to 2033
Table 35: East Asia Market by Application, 2018 to 2033
Table 36: East Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 37: East Asia Market by End Use, 2018 to 2033
Table 38: East Asia Market Value (US$ Mn), by End Use, 2018 to 2033
Table 39: East Asia Market by Country, 2018 to 2033
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 41: South Asia Market by Installation, 2018 to 2033
Table 42: South Asia Market Value (US$ Mn), by Installation, 2018 to 2033
Table 43: South Asia Market by Component, 2018 to 2033
Table 44: South Asia Market Value (US$ Mn), by Component, 2018 to 2033
Table 45: South Asia Market by Application, 2018 to 2033
Table 46: South Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 47: South Asia Market by End Use, 2018 to 2033
Table 48: South Asia Market Value (US$ Mn), by End Use, 2018 to 2033
Table 49: South Asia Market by Country, 2018 to 2033
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 51: Latin America Market by Installation, 2018 to 2033
Table 52: Latin America Market Value (US$ Mn), by Installation, 2018 to 2033
Table 53: Latin America Market by Component, 2018 to 2033
Table 54: Latin America Market Value (US$ Mn), by Component, 2018 to 2033
Table 55: Latin America Market by Application, 2018 to 2033
Table 56: Latin America Market Value (US$ Mn), by Application, 2018 to 2033
Table 57: Latin America Market by End Use, 2018 to 2033
Table 58: Latin America Market Value (US$ Mn), by End Use, 2018 to 2033
Table 59: Latin America Market by Country, 2018 to 2033
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2033
Table 61: Middle East and Africa Market by Installation, 2018 to 2033
Table 62: Middle East and Africa Market Value (US$ Mn), by Installation, 2018 to 2033
Table 63: Middle East and Africa Market by Component, 2018 to 2033
Table 64: Middle East and Africa Market Value (US$ Mn), by Component, 2018 to 2033
Table 65: Middle East and Africa Market by Application, 2018 to 2033
Table 66: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2033
Table 67: Middle East and Africa Market by End Use, 2018 to 2033
Table 68: Middle East and Africa Market Value (US$ Mn), by End Use, 2018 to 2033
Table 69: Middle East and Africa Market by Country, 2018 to 2033
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2033
Table 71: Oceania Market by Installation, 2018 to 2033
Table 72: Oceania Market Value (US$ Mn), by Installation, 2018 to 2033
Table 73: Oceania Market by Component, 2018 to 2033
Table 74: Oceania Market Value (US$ Mn), by Component, 2018 to 2033
Table 75: Oceania Market by Application, 2018 to 2033
Table 76: Oceania Market Value (US$ Mn), by Application, 2018 to 2033
Table 77: Oceania Market by End Use, 2018 to 2033
Table 78: Oceania Market Value (US$ Mn), by End Use, 2018 to 2033
Table 79: Oceania Market by Country, 2018 to 2033
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2033
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2033
Fig 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2023 to 2033
Fig 05: Global Market Share, By Installation – 2023 to 2033
Fig 06: Global Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 07: Global Market Attractiveness Index, By Installation – 2023 to 2033
Fig 08: Global Market Share, By Component – 2023 to 2033
Fig 09: Global Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 10: Global Market Attractiveness Index, By Component – 2023 to 2033
Fig 11: Global Market Share, By Application – 2023 to 2033
Fig 12: Global Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 13: Global Market Attractiveness Index, By Application – 2023 to 2033
Fig 14: Global Market Share, By End Use – 2023 to 2033
Fig 15: Global Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 16: Global Market Attractiveness Index, By End Use – 2023 to 2033
Fig 17: Global Market Share, by Region – 2023 to 2033
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2023 to 2033
Fig 19: Global Market Attractiveness Index, by Region – 2023 to 2033
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Installation – 2023 to 2033
Fig 22: North America Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 23: North America Market Attractiveness Index, By Installation – 2023 to 2033
Fig 24: North America Market Share, By Component – 2023 to 2033
Fig 25: North America Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 26: North America Market Attractiveness Index, By Component – 2023 to 2033
Fig 27: North America Market Share, By Application – 2023 to 2033
Fig 28: North America Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 29: North America Market Attractiveness Index, By Application – 2023 to 2033
Fig 30: North America Market Share, By End Use – 2023 to 2033
Fig 31: North America Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 32: North America Market Attractiveness Index, By End Use – 2023 to 2033
Fig 33: North America Market Share, By Country – 2023 to 2033
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 35: North America Market Attractiveness Index, By Country – 2023 to 2033
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Installation – 2023 to 2033
Fig 38: Europe Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 39: Europe Market Attractiveness Index, By Installation – 2023 to 2033
Fig 40: Europe Market Share, By Component – 2023 to 2033
Fig 41: Europe Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 42: Europe Market Attractiveness Index, By Component – 2023 to 2033
Fig 43: Europe Market Share, By Application – 2023 to 2033
Fig 44: Europe Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 45: Europe Market Attractiveness Index, By Application – 2023 to 2033
Fig 46: Europe Market Share, By End Use – 2023 to 2033
Fig 47: Europe Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 48: Europe Market Attractiveness Index, By End Use – 2023 to 2033
Fig 49: Europe Market Share, By Country – 2023 to 2033
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 51: Europe Market Attractiveness Index, By Country – 2023 to 2033
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Installation – 2023 to 2033
Fig 54: East Asia Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 55: East Asia Market Attractiveness Index, By Installation – 2023 to 2033
Fig 56: East Asia Market Share, By Component – 2023 to 2033
Fig 57: East Asia Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 58: East Asia Market Attractiveness Index, By Component – 2023 to 2033
Fig 59: East Asia Market Share, By Application – 2023 to 2033
Fig 60: East Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 61: East Asia Market Attractiveness Index, By Application – 2023 to 2033
Fig 62: East Asia Market Share, By End Use – 2023 to 2033
Fig 63: East Asia Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 64: East Asia Market Attractiveness Index, By End Use – 2023 to 2033
Fig 65: East Asia Market Share, By Country – 2023 to 2033
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 67: East Asia Market Attractiveness Index, By Country – 2023 to 2033
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Installation – 2023 to 2033
Fig 70: South Asia Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 71: South Asia Market Attractiveness Index, By Installation – 2023 to 2033
Fig 72: South Asia Market Share, By Component – 2023 to 2033
Fig 73: South Asia Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 74: South Asia Market Attractiveness Index, By Component – 2023 to 2033
Fig 75: South Asia Market Share, By Application – 2023 to 2033
Fig 76: South Asia Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 77: South Asia Market Attractiveness Index, By Application – 2023 to 2033
Fig 78: South Asia Market Share, By End Use – 2023 to 2033
Fig 78: South Asia Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 80: South Asia Market Attractiveness Index, By End Use – 2023 to 2033
Fig 81: South Asia Market Share, By Country – 2023 to 2033
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 83: South Asia Market Attractiveness Index, By Country – 2023 to 2033
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Installation – 2023 to 2033
Fig 86: Latin America Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 87: Latin America Market Attractiveness Index, By Installation – 2023 to 2033
Fig 88: Latin America Market Share, By Component – 2023 to 2033
Fig 89: Latin America Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 90: Latin America Market Attractiveness Index, By Component – 2023 to 2033
Fig 91: Latin America Market Share, By Application – 2023 to 2033
Fig 92: Latin America Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 93: Latin America Market Attractiveness Index, By Application – 2023 to 2033
Fig 94: Latin America Market Share, By End Use – 2023 to 2033
Fig 95: Latin America Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 96: Latin America Market Attractiveness Index, By End Use – 2023 to 2033
Fig 97: Latin America Market Share, By Country – 2023 to 2033
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 99: Latin America Market Attractiveness Index, By Country – 2023 to 2033
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Installation – 2023 to 2033
Fig 102: MEA Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 103: MEA Market Attractiveness Index, By Installation – 2023 to 2033
Fig 104: MEA Market Share, By Component – 2023 to 2033
Fig 105: MEA Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 106: MEA Market Attractiveness Index, By Component – 2023 to 2033
Fig 107: MEA Market Share, By Application – 2023 to 2033
Fig 108: MEA Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 109: MEA Market Attractiveness Index, By Application – 2023 to 2033
Fig 110: MEA Market Share, By End Use – 2023 to 2033
Fig 111: MEA Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 112: MEA Market Attractiveness Index, By End Use – 2023 to 2033
Fig 113: MEA Market Share, By Country – 2023 to 2033
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 115: MEA Market Attractiveness Index, By Country – 2023 to 2033
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Installation – 2023 to 2033
Fig 118: Oceania Market Y-o-Y Growth Projections, By Installation – 2023 to 2033
Fig 119: Oceania Market Attractiveness Index, By Installation – 2023 to 2033
Fig 120: Oceania Market Share, By Component – 2023 to 2033
Fig 121: Oceania Market Y-o-Y Growth Projections, By Component – 2023 to 2033
Fig 122: Oceania Market Attractiveness Index, By Component – 2023 to 2033
Fig 123: Oceania Market Share, By Application – 2023 to 2033
Fig 124: Oceania Market Y-o-Y Growth Projections, By Application – 2023 to 2033
Fig 125: Oceania Market Attractiveness Index, By Application – 2023 to 2033
Fig 126: Oceania Market Share, By End Use – 2023 to 2033
Fig 127: Oceania Market Y-o-Y Growth Projections, By End Use – 2023 to 2033
Fig 128: Oceania Market Attractiveness Index, By End Use – 2023 to 2033
Fig 129: Oceania Market Share, By Country – 2023 to 2033
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 131: Oceania Market Attractiveness Index, By Country – 2023 to 2033
Fig 132: United States Market share by Installation, 2022
Fig 133: United States Market share by Component, 2022
Fig 134: United States Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 135: United States Market Share by End Use, 2022
Fig 136: Canada Market share by Installation, 2022
Fig 137: Canada Market share by Component, 2022
Fig 138: Canada Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 139: Canada Market Share by End Use, 2022
Fig 140: Germany Market share by Installation, 2022
Fig 141: Germany Market share by Component, 2022
Fig 142: Germany Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 143: Germany Market Share by End Use, 2022
Fig 144: United Kingdom Market share by Installation, 2022
Fig 145: United Kingdom Market share by Component, 2022
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 147: United Kingdom Market Share by End Use, 2022
Fig 148: France Market share by Installation, 2022
Fig 149: France Market share by Component, 2022
Fig 150: France Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 151: France Market Share by End Use, 2022
Fig 152: Russia Market share by Installation, 2022
Fig 153: Russia Market share by Component, 2022
Fig 154: Russia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 155: Russia Market Share by End Use, 2022
Fig 156: Spain Market share by Installation, 2022
Fig 157: Spain Market share by Component, 2022
Fig 158: Spain Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 159: Spain Market Share by End Use, 2022
Fig 160: Italy Market share by Installation, 2022
Fig 161: Italy Market share by Component, 2022
Fig 162: Italy Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 163: Italy Market Share by End Use, 2022
Fig 164: China Market share by Installation, 2022
Fig 165: China Market share by Component, 2022
Fig 166: China Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 167: China Market Share by End Use, 2022
Fig 168: Japan Market share by Installation, 2022
Fig 169: Japan Market share by Component, 2022
Fig 170: Japan Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 171: Japan Market Share by End Use, 2022
Fig 172: South Korea Market share by Installation, 2022
Fig 173: South Korea Market share by Component, 2022
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 175: South Korea Market Share by End Use, 2022
Fig 176: India Market share by Installation, 2022
Fig 177: India Market share by Component, 2022
Fig 178: India Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 179: India Market Share by End Use, 2022
Fig 180: Singapore Market share by Installation, 2022
Fig 181: Singapore Market share by Component, 2022
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 183: Singapore Market Share by End Use, 2022
Fig 184: Indonesia Market share by Installation, 2022
Fig 185: Indonesia Market share by Component, 2022
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 187: Indonesia Market Share by End Use, 2022
Fig 188: Thailand Market share by Installation, 2022
Fig 189: Thailand Market share by Component, 2022
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 191: Thailand Market Share by End Use, 2022
Fig 192: Brazil Market share by Installation, 2022
Fig 193: Brazil Market share by Component, 2022
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 195: Brazil Market Share by End Use, 2022
Fig 196: Mexico Market share by Installation, 2022
Fig 197: Mexico Market share by Component, 2022
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 199: Mexico Market Share by End Use, 2022
Fig 200: Turkey Market share by Installation, 2022
Fig 201: Turkey Market share by Component, 2022
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 203: Turkey Market Share by End Use, 2022
Fig 204: GCC Countries Market share by Installation, 2022
Fig 205: GCC Countries Market share by Component, 2022
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 207: GCC Countries Market Share by End Use, 2022
Fig 208: South Africa Market share by Installation, 2022
Fig 209: South Africa Market share by Component, 2022
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 211: South Africa Market Share by End Use, 2022
Fig 212: Australia Market share by Installation, 2022
Fig 213: Australia Market share by Component, 2022
Fig 214: Australia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 215: Australia Market Share by End Use, 2022
Fig 216: New Zealand Market share by Installation, 2022
Fig 217: New Zealand Market share by Component, 2022
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 219: New Zealand Market Share by End Use, 2022
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- FAQs -
How big is the robotic drilling market at present?
The global robotic drilling market stands at a value of US$ 485 billion in 2023.
What is the demand projection for robotic drilling equipment for the forecast period?
Worldwide demand for robotic drilling is predicted to rise at a CAGR of 8% from 2023 to 2033.
What is the forecasted valuation for the market by 2033?
The market for robotic drilling solutions is set to reach US$ 985 billion by the end of 2033.
At what rate is the use of robotic drilling equipment projected to rise in the oil & gas sector?
Use of robotic drilling equipment in the oil and gas sector is projected to rise at 8.5% CAGR through 2033.
Which country is set to be a lucrative market for robotic drilling equipment manufacturers?
The United States is projected to emerge as a lucrative market for robotic drilling equipment manufacturers.
What is the demand projection for robotic drilling equipment in North America?
Demand for robotic drilling equipment in North America is forecasted to increase at a CAGR of 8% through 2033.
What is robotic drilling?
During a robot drilling operation, an industrial robot is equipped with a drilling tool, forming a type of automated machining process.
Robotic Drilling Market