LWD(Logging While Drilling) 시장 규모, 점유율, 성장, 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트, 예측(2026-2034년)

Growth Factors of Logging While Drilling (LWD) Market

The global Logging While Drilling (LWD) market is witnessing rapid growth due to the increasing need for real-time formation evaluation, drilling efficiency, and improved well safety. The market was valued at USD 2.48 billion in 2025, projected to reach USD 2.69 billion in 2026, and expected to grow to USD 5.01 billion by 2034, reflecting a CAGR of 8.07% during the forecast period. North America led the market in 2025 with a 26.61% share, supported by shale basins and deepwater exploration activities. The U.S. LWD market is projected to grow significantly, reaching USD 971.65 million by 2032, driven by continuous drilling and technological innovation.

Market Dynamics

Drivers:

Rising deepwater and unconventional drilling activities are propelling the LWD market. As conventional reserves deplete, oil and gas operators increasingly rely on complex formations and deepwater environments. LWD provides real-time data on formation resistivity, porosity, lithology, and pressure, allowing operators to adjust drilling parameters immediately. This ensures optimal wellbore placement, reduces risks such as fluid influx and instability, and maximizes hydrocarbon recovery.

The increasing need for real-time data acquisition further drives market growth. Traditional wireline logging is time-consuming and cost-intensive, whereas LWD allows continuous measurement while drilling. For instance, in December 2024, SLB launched Neuro autonomous geosteering, an AI-driven technology that adjusts drilling in real-time based on subsurface conditions, improving efficiency and reducing carbon footprint.

Restraints:

High operational costs limit LWD adoption. The purchase or rental of LWD tools involves significant capital expenditure, while hiring skilled personnel for tool operation and data interpretation adds to overall costs. Daily rental rates for LWD tools and specialized workforce requirements make it economically challenging, particularly for smaller operators. Companies are exploring shared services and performance-based contracts to mitigate financial constraints.

Opportunities:

The resurgence of onshore drilling activities, particularly in shale regions, presents growth opportunities. LWD tools optimize horizontal well placement, hydraulic fracturing efficiency, and reservoir monitoring. Advanced tool durability and smaller sizes have expanded LWD applications to both unconventional and conventional onshore projects. According to the International Energy Agency (IEA), the total number of onshore drilling rigs is expected to reach 4,617 by 2028, with China and India contributing to increased drilling activity.

Challenges:

LWD operations in deepwater, highly deviated, or harsh geological formations present technical complexities requiring expertise. High-pressure, high-temperature, and corrosive environments impact tool reliability, while data interpretation in fractured or faulted reservoirs demands specialized knowledge. To overcome this, companies invest in R&D for tool durability, advanced data processing, and personnel training programs.

Market Trends

Technological advancements, including enhanced data transmission and downhole automation, are the latest trends in LWD. High-speed data enables real-time analysis of high-resolution images and sensor outputs, improving geosteering, reservoir contact, and drilling safety. Downhole automation allows tools to adjust drilling parameters autonomously, reducing risks such as pressure spikes. In November 2024, researchers developed Azimuthal Image Super-Resolution (AzSR) technology, significantly enhancing borehole image resolution for better subsurface analysis.

Impact of COVID-19

The pandemic disrupted global supply chains, delaying LWD equipment delivery and maintenance. Travel restrictions and lockdowns hindered the mobility of skilled personnel, slowing drilling and exploration projects. Reduced oil demand led to lower capital expenditures, directly affecting LWD service adoption. However, as global energy demand rebounds, LWD adoption is expected to recover steadily.

Segmentation Analysis

By Application:

• Onshore: Dominates the market with USD 1.93 billion in 2026, accounting for 71.78% of market share, due to lower operational costs, faster deployment, and scalability in shale basins.
• Offshore: Growth driven by high-resolution data requirements in complex geological settings, enhanced oil recovery (EOR), and deepwater drilling challenges.

Regional Outlook

North America: Led by mature shale and deepwater assets, the market stood at USD 0.66 billion in 2025, growing at a CAGR of 9.28%. The U.S. accounted for USD 0.58 billion in 2026, driven by Permian and Eagle Ford basins.

Europe: LWD supports aging North Sea infrastructure, optimized production, and decommissioning projects. Market value in the U.K. is USD 0.02 billion in 2026, Russia USD 0.20 billion in 2026, and Norway USD 0.06 billion in 2025.

Asia Pacific: Growth driven by offshore exploration in India, Indonesia, Malaysia, and Australia. China's market is projected at USD 0.50 billion in 2026, India USD 0.08 billion, and Indonesia USD 0.04 billion in 2025, supported by domestic energy security initiatives.

Latin America: Offshore exploration in Brazil's pre-salt reserves drives the market to USD 0.36 billion in 2026.

Middle East & Africa: Market value reached USD 0.47 billion in 2025 and USD 0.50 billion in 2026, driven by complex reservoirs and EOR projects. Saudi Arabia accounted for USD 0.08 billion in 2025.

Competitive Landscape

The LWD market is dominated by Schlumberger, Halliburton, and Baker Hughes, with extensive global presence and comprehensive service offerings. Key developments include SLB securing major deepwater contracts in January 2025, Weatherford's LSTK contract with Saudi Aramco in October 2022, and Baker Hughes' AutoTrak eXact Pro launch in June 2020. Investments focus on AI-driven geosteering, advanced sensors, and 3D reservoir mapping technologies.

Investment Analysis

Major companies continue investing in advanced LWD technologies to enhance real-time data acquisition, well placement, and drilling efficiency. Halliburton integrates LWD with complementary technologies for complex drilling, reflecting the industry's commitment to innovation.

Conclusion

The global Logging While Drilling (LWD) market is expected to grow from USD 2.48 billion in 2025 to USD 5.01 billion by 2034, driven by deepwater and unconventional drilling, real-time data acquisition needs, and technological advancements. North America dominates the market, while Asia Pacific, Latin America, and Middle East & Africa present high-growth opportunities. Despite challenges like high costs and technical complexities, LWD remains crucial for safe, efficient, and optimized drilling operations globally.

Segmentation By Application

• Onshore
• Offshore

By Region

• North America (By Application and By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Application and By Country)
  • U.K. (By Application)
  • Germany (By Application)
  • Norway (By Application)
  • Italy (By Application)
  • Russia (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Application and By Country)
  • China (By Application)
  • India (By Application)
  • Indonesia (By Application)
  • Thailand (By Application)
  • Australia (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Application and By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Argentina (By Application)
  • Venezuela (By Application)
  • Rest of Latin America (By Location)
• Middle East & Africa (By Application and By Country)
  • Saudi Arabia (By Application)
  • UAE (By Application)
  • Oman (By Application)
  • Kuwait (By Application)
  • Algeria (By Application)
  • Angola (By Application)
  • Egypt (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariffs on the Logging While Drilling (LWD) Market

5. Global Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Application
  • 5.2.1. Onshore
  • 5.2.2. Offshore
    • 5.2.2.1. Shallow Water
    • 5.2.2.2. Deepwater
    • 5.2.2.3. Ultra-Deepwater
• 5.3. Market Analysis, Insights, and Forecast - By Region
  • 5.3.1. North America
  • 5.3.2. Europe
  • 5.3.3. Asia Pacific
  • 5.3.4. Latin America
  • 5.3.5. Middle East & Africa

6. North America Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Application
  • 6.2.1. Onshore
  • 6.2.2. Offshore
    • 6.2.2.1. Shallow Water
    • 6.2.2.2. Deepwater
    • 6.2.2.3. Ultra-Deepwater
• 6.3. Market Analysis, Insights, and Forecast - By Country
  • 6.3.1. U.S. Market Analysis, Insights, and Forecast - By Application
    • 6.3.1.1. Onshore
    • 6.3.1.2. Offshore
      • 6.3.1.2.1. Shallow Water
      • 6.3.1.2.2. Deepwater
      • 6.3.1.2.3. Ultra-Deepwater
  • 6.3.2. Canada Market Analysis, Insights, and Forecast - By Application
    • 6.3.2.1. Onshore
    • 6.3.2.2. Offshore
      • 6.3.2.2.1. Shallow Water
      • 6.3.2.2.2. Deepwater
      • 6.3.2.2.3. Ultra-Deepwater

7. Europe Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Application
  • 7.2.1. Onshore
  • 7.2.2. Offshore
    • 7.2.2.1. Shallow Water
    • 7.2.2.2. Deepwater
    • 7.2.2.3. Ultra-Deepwater
• 7.3. Market Analysis, Insights, and Forecast - By Country
  • 7.3.1. U.K. Market Analysis, Insights, and Forecast - By Application
    • 7.3.1.1. Onshore
    • 7.3.1.2. Offshore
      • 7.3.1.2.1. Shallow Water
      • 7.3.1.2.2. Deepwater
      • 7.3.1.2.3. Ultra-Deepwater
  • 7.3.2. Germany Market Analysis, Insights, and Forecast - By Application
    • 7.3.2.1. Onshore
    • 7.3.2.2. Offshore
      • 7.3.2.2.1. Shallow Water
      • 7.3.2.2.2. Deepwater
      • 7.3.2.2.3. Ultra-Deepwater
  • 7.3.3. Norway Market Analysis, Insights, and Forecast - By Application
    • 7.3.3.1. Onshore
    • 7.3.3.2. Offshore
      • 7.3.3.2.1. Shallow Water
      • 7.3.3.2.2. Deepwater
      • 7.3.3.2.3. Ultra-Deepwater
  • 7.3.4. Italy Market Analysis, Insights, and Forecast - By Application
    • 7.3.4.1. Onshore
    • 7.3.4.2. Offshore
      • 7.3.4.2.1. Shallow Water
      • 7.3.4.2.2. Deepwater
      • 7.3.4.2.3. Ultra-Deepwater
  • 7.3.5. Russia Market Analysis, Insights, and Forecast - By Application
    • 7.3.5.1. Onshore
    • 7.3.5.2. Offshore
      • 7.3.5.2.1. Shallow Water
      • 7.3.5.2.2. Deepwater
      • 7.3.5.2.3. Ultra-Deepwater
  • 7.3.6. Rest of Europe Market Analysis, Insights, and Forecast - By Application
    • 7.3.6.1. Onshore
    • 7.3.6.2. Offshore
      • 7.3.6.2.1. Shallow Water
      • 7.3.6.2.2. Deepwater
      • 7.3.6.2.3. Ultra-Deepwater

8. Asia Pacific Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Application
  • 8.2.1. Onshore
  • 8.2.2. Offshore
    • 8.2.2.1. Shallow Water
    • 8.2.2.2. Deepwater
    • 8.2.2.3. Ultra-Deepwater
• 8.3. Market Analysis, Insights, and Forecast - By Country
  • 8.3.1. China Market Analysis, Insights, and Forecast - By Application
    • 8.3.1.1. Onshore
    • 8.3.1.2. Offshore
      • 8.3.1.2.1. Shallow Water
      • 8.3.1.2.2. Deepwater
      • 8.3.1.2.3. Ultra-Deepwater
  • 8.3.2. India Market Analysis, Insights, and Forecast - By Application
    • 8.3.2.1. Onshore
    • 8.3.2.2. Offshore
      • 8.3.2.2.1. Shallow Water
      • 8.3.2.2.2. Deepwater
      • 8.3.2.2.3. Ultra-Deepwater
  • 8.3.3. Indonesia Market Analysis, Insights, and Forecast - By Application
    • 8.3.3.1. Onshore
    • 8.3.3.2. Offshore
      • 8.3.3.2.1. Shallow Water
      • 8.3.3.2.2. Deepwater
      • 8.3.3.2.3. Ultra-Deepwater
  • 8.3.4. Thailand Market Analysis, Insights, and Forecast - By Application
    • 8.3.4.1. Onshore
    • 8.3.4.2. Offshore
      • 8.3.4.2.1. Shallow Water
      • 8.3.4.2.2. Deepwater
      • 8.3.4.2.3. Ultra-Deepwater
  • 8.3.5. Australia Market Analysis, Insights, and Forecast - By Application
    • 8.3.5.1. Onshore
    • 8.3.5.2. Offshore
      • 8.3.5.2.1. Shallow Water
      • 8.3.5.2.2. Deepwater
      • 8.3.5.2.3. Ultra-Deepwater
  • 8.3.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Application
    • 8.3.6.1. Onshore
    • 8.3.6.2. Offshore
      • 8.3.6.2.1. Shallow Water
      • 8.3.6.2.2. Deepwater
      • 8.3.6.2.3. Ultra-Deepwater

9. Latin America Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Application
  • 9.2.1. Onshore
  • 9.2.2. Offshore
    • 9.2.2.1. Shallow Water
    • 9.2.2.2. Deepwater
    • 9.2.2.3. Ultra-Deepwater
• 9.3. Market Analysis, Insights, and Forecast - By Country
  • 9.3.1. Brazil Market Analysis, Insights, and Forecast - By Application
    • 9.3.1.1. Onshore
    • 9.3.1.2. Offshore
      • 9.3.1.2.1. Shallow Water
      • 9.3.1.2.2. Deepwater
      • 9.3.1.2.3. Ultra-Deepwater
  • 9.3.2. Mexico Market Analysis, Insights, and Forecast - By Application
    • 9.3.2.1. Onshore
    • 9.3.2.2. Offshore
      • 9.3.2.2.1. Shallow Water
      • 9.3.2.2.2. Deepwater
      • 9.3.2.2.3. Ultra-Deepwater
  • 9.3.3. Argentina Market Analysis, Insights, and Forecast - By Application
    • 9.3.3.1. Onshore
    • 9.3.3.2. Offshore
      • 9.3.3.2.1. Shallow Water
      • 9.3.3.2.2. Deepwater
      • 9.3.3.2.3. Ultra-Deepwater
  • 9.3.4. Venezuela Market Analysis, Insights, and Forecast - By Application
    • 9.3.4.1. Onshore
    • 9.3.4.2. Offshore
      • 9.3.4.2.1. Shallow Water
      • 9.3.4.2.2. Deepwater
      • 9.3.4.2.3. Ultra-Deepwater
  • 9.3.5. Rest of Latin America Market Analysis, Insights, and Forecast - By Application
    • 9.3.5.1. Onshore
    • 9.3.5.2. Offshore
      • 9.3.5.2.1. Shallow Water
      • 9.3.5.2.2. Deepwater
      • 9.3.5.2.3. Ultra-Deepwater

10. Middle East and Africa Logging While Drilling (LWD) Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Application
  • 10.2.1. Onshore
  • 10.2.2. Offshore
    • 10.2.2.1. Shallow Water
    • 10.2.2.2. Deepwater
    • 10.2.2.3. Ultra-Deepwater
• 10.3. Market Analysis, Insights, and Forecast - By Country
  • 10.3.1. Saudi Arabia Market Analysis, Insights, and Forecast - By Application
    • 10.3.1.1. Onshore
    • 10.3.1.2. Offshore
      • 10.3.1.2.1. Shallow Water
      • 10.3.1.2.2. Deepwater
      • 10.3.1.2.3. Ultra-Deepwater
  • 10.3.2. UAE Market Analysis, Insights, and Forecast - By Application
    • 10.3.2.1. Onshore
    • 10.3.2.2. Offshore
      • 10.3.2.2.1. Shallow Water
      • 10.3.2.2.2. Deepwater
      • 10.3.2.2.3. Ultra-Deepwater
  • 10.3.3. Oman Market Analysis, Insights, and Forecast - By Application
    • 10.3.3.1. Onshore
    • 10.3.3.2. Offshore
      • 10.3.3.2.1. Shallow Water
      • 10.3.3.2.2. Deepwater
      • 10.3.3.2.3. Ultra-Deepwater
  • 10.3.4. Kuwait Market Analysis, Insights, and Forecast - By Application
    • 10.3.4.1. Onshore
    • 10.3.4.2. Offshore
      • 10.3.4.2.1. Shallow Water
      • 10.3.4.2.2. Deepwater
      • 10.3.4.2.3. Ultra-Deepwater
  • 10.3.5. Algeria Market Analysis, Insights, and Forecast - By Application
    • 10.3.5.1. Onshore
    • 10.3.5.2. Offshore
      • 10.3.5.2.1. Shallow Water
      • 10.3.5.2.2. Deepwater
      • 10.3.5.2.3. Ultra-Deepwater
  • 10.3.6. Angola Market Analysis, Insights, and Forecast - By Application
    • 10.3.6.1. Onshore
    • 10.3.6.2. Offshore
      • 10.3.6.2.1. Shallow Water
      • 10.3.6.2.2. Deepwater
      • 10.3.6.2.3. Ultra-Deepwater
  • 10.3.7. Egypt Market Analysis, Insights, and Forecast - By Application
    • 10.3.7.1. Onshore
    • 10.3.7.2. Offshore
      • 10.3.7.2.1. Shallow Water
      • 10.3.7.2.2. Deepwater
      • 10.3.7.2.3. Ultra-Deepwater
  • 10.3.8. Rest of Middle East and Africa Market Analysis, Insights, and Forecast - By Application
    • 10.3.8.1. Onshore
    • 10.3.8.2. Offshore
      • 10.3.8.2.1. Shallow Water
      • 10.3.8.2.2. Deepwater
      • 10.3.8.2.3. Ultra-Deepwater

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2025
• 11.2. Company Profile
  • 11.2.1. SLB
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)
  • 11.2.2. Halliburton
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product and Service Offerings
    • 11.2.2.3. Recent Developments
    • 11.2.2.4. Financials (Based on Availability)
  • 11.2.3. Baker Hughes
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product and Service Offerings
    • 11.2.3.3. Recent Developments
    • 11.2.3.4. Financials (Based on Availability)
  • 11.2.4. Weatherford
    • 11.2.4.1. Business Overview
    • 11.2.4.2. Product and Service Offerings
    • 11.2.4.3. Recent Developments
    • 11.2.4.4. Financials (Based on Availability)
  • 11.2.5. Scientific Drilling
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product and Service Offerings
    • 11.2.5.3. Recent Developments
    • 11.2.5.4. Financials (Based on Availability)
  • 11.2.6. Nabors Industries
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product and Service Offerings
    • 11.2.6.3. Recent Developments
    • 11.2.6.4. Financials (Based on Availability)
  • 11.2.7. National Oilwell Varco
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product and Service Offerings
    • 11.2.7.3. Recent Developments
    • 11.2.7.4. Financials (Based on Availability)
  • 11.2.8. Kambi Enterprises Inc.
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product and Service Offerings
    • 11.2.8.3. Recent Developments
    • 11.2.8.4. Financials (Based on Availability)
  • 11.2.9. National Energy Services Reunited Corp.
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product and Service Offerings
    • 11.2.9.3. Recent Developments
    • 11.2.9.4. Financials (Based on Availability)
  • 11.2.10. COSL- China Oilfield Services Limited
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product and Service Offerings
    • 11.2.10.3. Recent Developments
    • 11.2.10.4. Financials (Based on Availability)
  • 11.2.11. APS Technology Inc.
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product and Service Offerings
    • 11.2.11.3. Recent Developments
    • 11.2.11.4. Financials (Based on Availability)
  • 11.2.12. Jindal Drilling & Industries Ltd
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product and Service Offerings
    • 11.2.12.3. Recent Developments
    • 11.2.12.4. Financials (Based on Availability)
  • 11.2.13. Cougar Drilling Solutions
    • 11.2.13.1. Business Overview
    • 11.2.13.2. Product and Service Offerings
    • 11.2.13.3. Recent Developments
    • 11.2.13.4. Financials (Based on Availability)