Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023
The report "Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The robotic drilling market is expected to grow from an estimated USD 658.0 Million in 2018 to USD 923.3 Million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs.
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