Market Overview:
The global autonomous drilling robots market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous drilling robots in the mining, oil & gas, and other applications. North America is expected to hold the largest share of the global autonomous drilling robots market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth during the forecast period owing to increasing investments in robotics technology by countries such as China and Japan.
Product Definition:
An autonomous drilling robot is a type of robotic machine that is used to drill holes in various materials. Autonomous drilling robots are important for a variety of reasons, including their ability to work in difficult or dangerous environments, as well as their ability to achieve precision results.
Onshore Robots:
Onshore robots is a term used for the remote-controlled or autonomous devices that are used to perform various tasks onshore. Onshore robots can be classified into two types, namely mobile and static. Mobile on shore robots are self-propelled machines with one or more attached tools which follow a preprogrammed path through variable programmed steps; whereas static on shore robots have fixed functions they perform day to day operations such as cleaning, changing oil and performing maintenance among others.
Offshore Robots:
Offshore robots and it's usage in autonomous drilling robots market is expected to witness significant growth over the forecast period. Autonomous or remote-controlled machines are used extensively in offshore oil & gas industry for various tasks such as exploration, well cleaning, and maintenance among others. The demand for these machines has increased exponentially owing to the advent of technology which has helped companies reduce their operational cost significantly by eliminating human intervention on dangerous tasks.
Application Insights:
The others application segment includes construction, agriculture and forestry, and rescue & security. The demand for the robots in this segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to their increasing deployment in these applications. Mining was the largest revenue-generating application for onshore autonomous drilling robots in 2017. This can be attributed to growing demand for coal, metal ores and other minerals across various regions including Asia Pacific and North America.
Autonomous offshore drilling robots are poised to witness significant growth over the forecast period owing to their rising deployment in deepwater exploration activities by oil & gas companies worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing investments in automation and advancements in drilling technologies across various applications, including oil and gas, mining, water management, and others. Moreover, growing demand for energy resources across this region has led to an increase in drilling activities for natural gas wells as well as shale oil exploration projects that require advanced tools such as autonomous underwater vehicles (AUVs) and autonomous surface robots (ASRs).
Asia Pacific is anticipated to witness significant growth over the forecast period owing to factors such as rising government initiatives pertaining toward adoption of new technologies along with increasing investments by companies operating within this region. For instance; In January 2016; China’s State Power Investment Corporation signed a deal with robot manufacturer Yaskawa Electric Corporation for purchasing a controlling stake of 51% worth USD X million at an auction held later that year.
Growth Factors:
- Increasing demand for oil and gas across the globe is expected to drive the autonomous drilling robots market growth over the forecast period.
- Rising investments in exploration and production activities are also projected to propel the market growth.
- Growing technological advancements in autonomous drilling robots is another key factor anticipated to fuel market expansion during the forecast period.
- Stringent government regulations pertaining to safety and environment are likely to create opportunities for autonomous drilling robot manufacturers over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Drilling Robots Market Research Report
By Type
Onshore Robots, Offshore Robots
By Application
Mining, Oil & Gas, Others
By Companies
ABB, Rio Tinto, Total S.A., Waygate Technologies, Nabors Industries Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Drilling Robots Market Report Segments:
The global Autonomous Drilling Robots market is segmented on the basis of:
Types
Onshore Robots, Offshore Robots
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Rio Tinto
- Total S.A.
- Waygate Technologies
- Nabors Industries Ltd
Highlights of The Autonomous Drilling Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Onshore Robots
- Offshore Robots
- By Application:
- Mining
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Drilling Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous drilling robots are machines that are designed to drill down into the earth's surface. They are controlled by a computer, and they use sensors to navigate their way around the drill site.
Some of the major companies in the autonomous drilling robots market are ABB, Rio Tinto, Total S.A., Waygate Technologies, Nabors Industries Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Autonomous Drilling Robots Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Autonomous Drilling Robots Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Autonomous Drilling Robots Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Autonomous Drilling Robots Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Autonomous Drilling Robots Market Size & Forecast, 2018-2028 4.5.1 Autonomous Drilling Robots Market Size and Y-o-Y Growth 4.5.2 Autonomous Drilling Robots Market Absolute $ Opportunity
Chapter 5 Global Autonomous Drilling Robots Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Autonomous Drilling Robots Market Size Forecast by Type
5.2.1 Onshore Robots
5.2.2 Offshore Robots
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Autonomous Drilling Robots Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Autonomous Drilling Robots Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Oil & Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Autonomous Drilling Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Autonomous Drilling Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Autonomous Drilling Robots Analysis and Forecast
9.1 Introduction
9.2 North America Autonomous Drilling Robots Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Autonomous Drilling Robots Market Size Forecast by Type
9.6.1 Onshore Robots
9.6.2 Offshore Robots
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Autonomous Drilling Robots Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Oil & Gas
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Autonomous Drilling Robots Analysis and Forecast
10.1 Introduction
10.2 Europe Autonomous Drilling Robots Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Autonomous Drilling Robots Market Size Forecast by Type
10.6.1 Onshore Robots
10.6.2 Offshore Robots
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Autonomous Drilling Robots Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Oil & Gas
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Autonomous Drilling Robots Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Autonomous Drilling Robots Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Autonomous Drilling Robots Market Size Forecast by Type
11.6.1 Onshore Robots
11.6.2 Offshore Robots
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Autonomous Drilling Robots Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Oil & Gas
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Autonomous Drilling Robots Analysis and Forecast
12.1 Introduction
12.2 Latin America Autonomous Drilling Robots Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Autonomous Drilling Robots Market Size Forecast by Type
12.6.1 Onshore Robots
12.6.2 Offshore Robots
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Autonomous Drilling Robots Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Oil & Gas
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Autonomous Drilling Robots Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Autonomous Drilling Robots Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Autonomous Drilling Robots Market Size Forecast by Type
13.6.1 Onshore Robots
13.6.2 Offshore Robots
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Autonomous Drilling Robots Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Oil & Gas
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Autonomous Drilling Robots Market: Competitive Dashboard
14.2 Global Autonomous Drilling Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Rio Tinto
14.3.3 Total S.A.
14.3.4 Waygate Technologies
14.3.5 Nabors Industries Ltd