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Drillships Market by Application and Geography - Global Forecast and Analysis 2019-2023

Global Drillships Market: About this market

Drillships are marine vessels used for oil and gas drilling operations in offshore areas. Technavio’s drillships market analysis considers the application of drillships in ultra-deepwater and deepwater. Our analysis also considers the application of drillships in APAC, Europe, MEA, North America, and South America. In 2018, the ultra-deepwater segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as recovering crude oil prices will play a significant role in the ultra-deepwater segment to maintain its market position. Also, our global drillships market looks at factors such as advantages of drillships over other offshore drilling units, rising global energy demand, and growing offshore E&P activities. However, fluctuating crude oil prices, challenges associated with drillships, and growing adoption of renewable energy sources may hamper the growth of the drillships industry over the forecast period.

Global Drillships Market: Overview

Advantages of drillships over other offshore drilling units

Oil and gas E&P operations are increasingly using drillships in deepwater and ultra-deepwater oilfields due to their capabilities to drill over 8,000 feet. Many modern drillships can drill up to 12,000 feet, whereas other offshore drilling units are capable of drilling only up to 5,000 feet. Drillships also require low initial and operational cost compared to other offshore drilling units. Many such advantages of drillships over other offshore drilling units are expected to drive the growth of the global drillships market at a CAGR of almost 11% during the forecast period.

Technical advances in drillships

Oil and gas E&P operators demand drillships to provide technical capabilities to drill in harsh marine conditions. To cater to this demand, vendors in the market are developing technically advanced drillships that can operate in remote areas, deepwater and ultra-deepwater oilfields. To mitigate the hazards involved in the oil and gas E&P operations, vendors are integrating automation to enhance workers’ safety and operational efficiency. These developments are positively influencing the growth of the global drillships market size.

For the detailed list of factors that will drive the global drillships market size during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several players, the global drillships market is fairly fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several drillship companies, that include Diamond Offshore Drilling Inc., Ensco Rowan Plc, Noble Corp. Plc, Samsung Heavy Industries Co. Ltd., and Transocean Ltd.

Also, the drillships market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Ultra-deepwater - Market size and forecast 2018-2023
      • Table Ultra-deepwater - Market size and forecast 2018-2023 ($ millions)
      • Table Ultra-deepwater - Year-over-year growth 2019-2023 (%)
    • Deepwater - Market size and forecast 2018-2023
      • Table Deepwater - Market size and forecast 2018-2023 ($ millions)
      • Table Deepwater - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technical advances in drillships
    • Advances in drilling technology
    • Rising production efficiency of oilfields using Big Data analytics
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Diamond Offshore Drilling Inc.
      • Table Diamond Offshore Drilling Inc. - Vendor overview
      • Table Diamond Offshore Drilling Inc. - Business segments
      • Table Diamond Offshore Drilling Inc. - Organizational developments
      • Table Diamond Offshore Drilling Inc. - Geographic focus
      • Table Diamond Offshore Drilling Inc. - Key offerings
    • Ensco Rowan Plc
      • Table Ensco Rowan Plc - Vendor overview
      • Table Ensco Rowan Plc - Business segments
      • Table Ensco Rowan Plc - Organizational developments
      • Table Ensco Rowan Plc - Key offerings
    • Noble Corp. Plc
      • Table Noble Corp. Plc - Vendor overview
      • Table Noble Corp. Plc - Business segments
      • Table Noble Corp. Plc - Organizational developments
      • Table Noble Corp. Plc - Geographic focus
      • Table Noble Corp. Plc - Key offerings
    • Samsung Heavy Industries Co. Ltd.
      • Table Samsung Heavy Industries Co. Ltd. - Vendor overview
      • Table Samsung Heavy Industries Co. Ltd. - Business segments
      • Table Samsung Heavy Industries Co. Ltd. - Organizational developments
      • Table Samsung Heavy Industries Co. Ltd. - Geographic focus
      • Table Samsung Heavy Industries Co. Ltd. - Segment focus
      • Table Samsung Heavy Industries Co. Ltd. - Key offerings
    • Transocean Ltd.
      • Table Transocean Ltd. - Vendor overview
      • Table Transocean Ltd. - Business segments
      • Table Transocean Ltd. - Organizational developments
      • Table Transocean Ltd. - Geographic focus
      • Table Transocean Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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