Global Robotic Drilling Market Size & Outlook, 2023-2030
The robotic drilling industry worldwide is expected to reach a projected revenue of US$ 1,460.2 million by 2030. A compound annual growth rate of 6.6% is expected of the worldwide robotic drilling industry from 2024 to 2030.
Revenue, 2023 (US$M)
$932.2
Forecast, 2030 (US$M)
$1,460.2
CAGR, 2024 - 2030
6.6%
Report Coverage
Worldwide
Global robotic drilling market, 2018-2030 (US$M)
Global robotic drilling market highlights
- The global robotic drilling market generated a revenue of USD 932.2 million in 2023 and is expected to reach USD 1,460.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.6% by 2030.
- In terms of segment, onshore accounted for a revenue of USD 932.2 million in 2023.
- Onshore is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 932.2 million |
| Market revenue in 2030 | USD 1,460.2 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Onshore |
| Fastest growing segment | Onshore |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore |
Other key industry trends
- In terms of revenue, the North America accounted for 32.2% of the global robotic drilling market in 2023.
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Robotic Drilling Market Scope
Robotic drilling market segmentation & scope
Installation
Retrofit
New Builds
Component
Hardware
Software
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Robotic Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global robotic drilling market size, by regions, 2018-2030 (US$M)
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Related regional statistics
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