Oil and Gas Drilling Automation Market By Share, Size & Forecast 2028

Summary

Report Description

Forecast Period	2023-2028
Market Size (2022)	USD 18.11 Billion
CAGR (2023-2028)	10.7%
Market Size (2028)	USD 32.97 Billion
Fastest Growing Segment	Offshore
Largest Market	North America

Global Oil & Gas Drilling Automation market is anticipated to grow at a steady pace in the forecast period 2024-2028. The market for oil and gas drilling automation is largely driven by automated technologies, which improve safety by removing workers from the rig site. The oil and gas business are one that frequently experiences downturn cycles. Automation is driving up the rate of penetration (ROP), cutting down on non-productive time (NPT), and eliminating invisible lost time (ILT).

Increasing Production of Shale Oil Driving the Market in the Forecast Period

Increased well complexity, access to sparse expert resources, knowledge transfer as a result of knowledgeable workers leaving their jobs, data saturation, and environmental concerns, all helping in driving the market. The drilling operation is more effective in a shorter period of time. Due to this, corporations are particularly interested in boosting the availability and dependability of the hardware they use to operate their company.

In recent years, shale oil and gas production has increased globally, which is a positive thing for the oil and gas industry. The production of shale oil has been growing in nations like the US. The drilling and extraction of shale oil and gas tend to present a number of difficulties, including the need to comply to strict compliance standards, prepare wells, and build and operate equipment.

Drilling processes may be developed, implemented, integrated, and started more quickly with the help of automated drilling systems. Manufacturers are being compelled to provide reducing automated drilling solutions particularly for shale oil and gas extraction projects as a result of the increase in shale oil production. Therefore, it is anticipated that throughout the projection period, the quick increase in shale oil production would favorably impact market growth.

Rising Trend of Robotic Drilling Systems (RDS) Propelling the Market Growth

Nowadays, people are moving towards robotic drilling system due to which market is expected to grow further in future. For instance, In Stavanger, Norway, Robotic Drilling Systems (RDS) has constructed the first completely autonomous robotic oil drilling rig in history. Multiple robots are controlled by the extremely sophisticated rig to conduct drilling operations. RDS searched the globe for robotics software that was sophisticated enough to synchronize over 100 axes of motion in real-time and reliable enough for oil drilling operations. Actin by Energid was the only piece of software that could handle the job.

The expectation that a human can better process data and make better decisions, as well as the fact that drilling activity takes place in hazardous working conditions above ground and down hole with high temperature, high pressure (HTHP) formations, etc. are major factors restraining the Oil and Gas Drilling Automation Market. These issues are compounded by the difficulty of locating control equipment and sensors to operate in this environment.

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Market Segment

The Global Oil & Gas Drilling Automation Market is segmented into Product, Deployment, and Offering. Based on Product, the market is segmented into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution Systems (MES). Based on Deployment, the market is segmented into Onshore and Offshore. Based on Offering, the market is segmented into Hardware, Software.

Market Players

The main market players in Global Oil & Gas Drilling Automation Schlumberger Limited, Halliburton Company, National Oilwell Varco Inc, Baker Hughes Company, Weatherford International Inc, Rockwell Automation Inc, ABB Limited, Nabors Industries Limited, Autonomous Solutions, Inc, Pason Systems Corporation.

Recent Developments

In November 2021, Petrobras granted Seadrill Limited’s two contracts totaling USD 549 million for the West Carina and West Tellus rigs, which will operate on the Bzios field offshore Brazil.
Robotic Drilling Systems, established in Norway, specializes in creating floor-mounted autonomous robotic drilling rigs for use in industrial drilling. The business created the DFR-1500 drill floor robot, which has full control over the operation of the rig and a lift capacity of 1500 kg at a 3 m extension. Drill-Floor Robot, Robotic Pipe Handler, Electric Roughneck, and Multi-Size Elevator are the four devices that make up the drill floor system. A companion piece of software that may be used to operate the robot is included. The software's user-friendly "drag and drop" function makes programming and visualization of the robot's actions simpler.
For the West Carina and West Tellus rigs, which will work on the Bzios field offshore Brazil, Petrobras awarded Seadrill Limited two contracts totaling USD 549 million, in November 2021.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2022
Estimated Year	2023
Forecast Period	2024– 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments covered	By Product By Deployment By Offering
Regional scope	North America, Asia-Pacific, Europe, South America, Middle East
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE; Kuwait; Turkey
Key companies profiled	Schlumberger Limited, Halliburton Company, National Oilwell Varco Inc, Baker Hughes Company, Weatherford International Inc, Rockwell Automation Inc, ABB Limited, Nabors Industries Limited, Autonomous Solutions, Inc, Pason Systems Corporation
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Global Oil & Gas Drilling Automation Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Oil & Gas Drilling Automation Market, By Product:

o Supervisory Control and Data Acquisition (SCADA)

o Distributed Control System (DCS)

o Programmable Logic Controller (PLC)

o Manufacturing Execution Systems (MES)

o Oil & Gas Drilling Automation Market, By Deployment:

o Onshore

o Offshore

· Oil & Gas Drilling Automation Market, By Offering:

o Hardware

o Software

· Oil & Gas Drilling Automation Market, By Region:

· North America

o United States

o Canada

o Mexico

· Asia-Pacific

o China

o India

o Japan

o South Korea

o Australia

o Singapore

o Malaysia

· Europe

o Germany

o United Kingdom

o France

o Italy

o Spain

· South America

o Brazil

o Argentina

o Colombia

· Middle East

o Saudi Arabia

o South Africa

o UAE

o Kuwait

o Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oil & Gas Drilling Automation Market.

Available Customizations:

Global Oil & Gas Drilling Automation Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

· Detailed analysis and profiling of additional market players (up to five).

Global Oil & Gas Drilling Automation Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

2.1.1. Objective of the Study

2.1.2. Baseline Methodology

2.1.3. Key Industry Partners

2.1.4. Major Association and Secondary Sources

2.1.5. Forecasting Methodology

2.1.6. Data Triangulation & Validation

2.1.7. Assumptions and Limitations

3. Impact of COVID-19 on Global Oil & Gas Drilling Automation Market

4. Executive Summary

5. Voice of Customers

5.1. Brand Awareness

5.2. Factors Considered while Selecting Vendor

5.3. Key Satisfaction Level

5.4. Major Challenges Faced

6. Global Oil & Gas Drilling Automation Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution Systems (MES))

6.2.2. By Deployment (Onshore, Offshore)

6.2.3. By Offering (Hardware, Software)

6.2.4. By Region

6.2.5. By Company

6.3. Market Map

7. North America Oil & Gas Drilling Automation Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product

7.2.2. By Deployment

7.2.3. By Offering

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Oil & Gas Drilling Automation Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product

7.3.1.2.2. By Deployment

7.3.1.2.3. By Offering

7.3.2. Canada Oil & Gas Drilling Automation Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product

7.3.2.2.2. By Deployment

7.3.2.2.3. By Offering

7.3.3. Mexico Oil & Gas Drilling Automation Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product

7.3.3.2.2. By Deployment

7.3.3.2.3. By Offering

8. Asia-Pacific Oil & Gas Drilling Automation Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product

8.2.2. By Deployment

8.2.3. By Offering

8.2.4. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Oil & Gas Drilling Automation Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product

8.3.1.2.2. By Deployment

8.3.1.2.3. By Offering

8.3.2. India Oil & Gas Drilling Automation Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product

8.3.2.2.2. By Deployment

8.3.2.2.3. By Offering

8.3.2.2.4. By Application

8.3.3. Japan Oil & Gas Drilling Automation Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product

8.3.3.2.2. By Deployment

8.3.3.2.3. By Offering

8.3.4. South Korea Oil & Gas Drilling Automation Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product

8.3.4.2.2. By Deployment

8.3.4.2.3. By Offering

8.3.5. Australia Oil & Gas Drilling Automation Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product

8.3.5.2.2. By Deployment

8.3.5.2.3. By Offering

8.3.6. Singapore Oil & Gas Drilling Automation Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Product

8.3.6.2.2. By Deployment

8.3.6.2.3. By Offering

8.3.7. Malaysia Oil & Gas Drilling Automation Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Product

8.3.7.2.2. By Deployment

8.3.7.2.3. By Offering

9. Europe Oil & Gas Drilling Automation Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product

9.2.2. By Deployment

9.2.3. By Offering

9.2.4. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Oil & Gas Drilling Automation Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product

9.3.1.2.2. By Deployment

9.3.1.2.3. By Offering

9.3.2. United Kingdom Oil & Gas Drilling Automation Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product

9.3.2.2.2. By Deployment

9.3.2.2.3. By Offering

9.3.3. France Oil & Gas Drilling Automation Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product

9.3.3.2.2. By Deployment

9.3.3.2.3. By Offering

9.3.4. Italy Oil & Gas Drilling Automation Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product

9.3.4.2.2. By Deployment

9.3.4.2.3. By Offering

9.3.5. Spain Oil & Gas Drilling Automation Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product

9.3.5.2.2. By Deployment

9.3.5.2.3. By Offering

10. South America Oil & Gas Drilling Automation Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Deployment

10.2.3. By Offering

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Oil & Gas Drilling Automation Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product

10.3.1.2.2. By Deployment

10.3.1.2.3. By Offering

10.3.2. Argentina Oil & Gas Drilling Automation Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product

10.3.2.2.2. By Deployment

10.3.2.2.3. By Offering

10.3.3. Colombia Oil & Gas Drilling Automation Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product

10.3.3.2.2. By Deployment

10.3.3.2.3. By Offering

11. Middle East & Africa Oil & Gas Drilling Automation Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product

11.2.2. By Deployment

11.2.3. By Offering

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Oil & Gas Drilling Automation Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product

11.3.1.2.2. By Deployment

11.3.1.2.3. By Offering

11.3.2. South Africa Oil & Gas Drilling Automation Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product

11.3.2.2.2. By Deployment

11.3.2.2.3. By Offering

11.3.3. UAE Oil & Gas Drilling Automation Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product

11.3.3.2.2. By Deployment

11.3.3.2.3. By Offering

11.3.4. Turkey Oil & Gas Drilling Automation Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product

11.3.4.2.2. By Deployment

11.3.4.2.3. By Offering

11.3.5. Kuwait Oil & Gas Drilling Automation Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Product

11.3.5.2.2. By Deployment

11.3.5.2.3. By Offering

12. Market Dynamics

12.1. Drivers

12.1.1. Automated systems achieve better safety.

12.1.2. Increased well complexity.

12.1.3. Growing oil and gas industry

12.2. Challenges

12.2.1. Difficulty in finding control equipment and sensors.

13. Market Trends & Developments

13.1. Rising Trend of Drilling Robotics systems

13.2. Automation technique is increasingly adopted by oil & gas.

13.3. Extensive implementation of automated drilling technologies

14. Company Profiles

14.1.1. Schlumberger Limited

14.1.1.1. Business Overview

14.1.1.2. Key Revenue and Financials (If Available)

14.1.1.3. Recent Developments

14.1.1.4. Key Personnel

14.1.1.5. Key Product/Services

14.1.1.6. SWOT Analysis

14.1.2. Halliburton Company

14.1.2.1. Business Overview

14.1.2.2. Key Revenue and Financials (If Available)

14.1.2.3. Recent Developments

14.1.2.4. Key Personnel

14.1.2.5. Key Product/Services

14.1.2.6. SWOT Analysis

14.1.3. National Oilwell Varco Inc.

14.1.3.1. Business Overview

14.1.3.2. Key Revenue and Financials (If Available)

14.1.3.3. Recent Developments

14.1.3.4. Key Personnel

14.1.3.5. Key Product/Services

14.1.3.6. SWOT Analysis

14.1.4. Baker Hughes Company

14.1.4.1. Business Overview

14.1.4.2. Key Revenue and Financials (If Available)

14.1.4.3. Recent Developments

14.1.4.4. Key Personnel

14.1.4.5. Key Product/Services

14.1.4.6. SWOT Analysis

14.1.5. Weatherford International Inc.

14.1.5.1. Business Overview

14.1.5.2. Key Revenue and Financials (If Available)

14.1.5.3. Recent Developments

14.1.5.4. Key Personnel

14.1.5.5. Key Product/Services

14.1.5.6. SWOT Analysis

14.1.6. Rockwell Automation Inc.

14.1.6.1. Business Overview

14.1.6.2. Key Revenue and Financials (If Available)

14.1.6.3. Recent Developments

14.1.6.4. Key Personnel

14.1.6.5. Key Product/Services

14.1.6.6. SWOT Analysis

14.1.7. ABB Limited

14.1.7.1. Business Overview

14.1.7.2. Key Revenue and Financials (If Available)

14.1.7.3. Recent Developments

14.1.7.4. Key Personnel

14.1.7.5. Key Product/Services

14.1.7.6. SWOT Analysis

14.1.8. Nabors Industries Limited

14.1.8.1. Business Overview

14.1.8.2. Key Revenue and Financials (If Available)

14.1.8.3. Recent Developments

14.1.8.4. Key Personnel

14.1.8.5. Key Product/Services

14.1.8.6. SWOT Analysis

14.1.9. Autonomous Solutions, Inc.

14.1.9.1. Business Overview

14.1.9.2. Key Revenue and Financials (If Available)

14.1.9.3. Recent Developments

14.1.9.4. Key Personnel

14.1.9.5. Key Product/Services

14.1.9.6. SWOT Analysis

14.1.10. Pason Systems Corporation

14.1.10.1. Business Overview

14.1.10.2. Key Revenue and Financials (If Available)

14.1.10.3. Recent Developments

14.1.10.4. Key Personnel

14.1.10.5. Key Product/Services

14.1.10.6. SWOT Analysis

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the main market players?

What is the major driving force behind the growth of the market?

The market for oil and gas drilling automation is largely driven by the fact that exploratory activities have considerably increased as a result of the rising demand. This is anticipated to be one of the key drivers supporting the demand for automation solutions in oil fields.

Write about dominating segment in oil & gas drilling automation market.

Due to the dominance of onshore oil production over offshore drilling and the higher proportion of oil production at the global level, the onshore sector is anticipated to account for a sizeable portion of the market. The expansion of the onshore oil drilling automation market in the upcoming years will also be significantly influenced by the rising expenditure on onshore oil exploration.

What are major challenges in the oil & gas drilling automation market?

In order to keep them operating continuously, the maintenance and operating expenditures are also combined. Additionally, charges related to the software are added to the cost burden of the end-user who employs them, restricting market expansion.

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Press Release

Oil & Gas Drilling Automation Market to be Dominated by Onshore Segment

Apr, 2023

Increasing adoption of robotics drilling systems and rising demand of oil and gas globally fueling the market growth in the forecast period.

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