Latin America Robotic Drilling Market Size & Outlook
The robotic drilling market in Latin America is expected to reach a projected revenue of US$ 69.5 million by 2030. A compound annual growth rate of 6.2% is expected of Latin America robotic drilling market from 2024 to 2030.
Revenue, 2023 (US$M)
$45.5
Forecast, 2030 (US$M)
$69.5
CAGR, 2024 - 2030
6.2%
Report Coverage
Latin America
Latin America robotic drilling market, 2018-2030 (US$M)
Latin America robotic drilling market highlights
- The Latin America robotic drilling market generated a revenue of USD 45.5 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, onshore was the largest revenue generating application in 2023.
- Onshore is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 45.5 million |
| Market revenue in 2030 | USD 69.5 million |
| Growth rate | 6.2% (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 |
| Key market players worldwide | Nabors Industries Ltd, Precision Drilling Corp, Weatherford International PLC Ordinary Shares - New, NOV Inc, Ensign Energy Services Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global robotic drilling market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 384.0 million by 2030.
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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 |
|---|
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