시추 중 측정(MWD) : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the measurement while drilling market size is expected to grow from USD 3.77 billion in 2025 to USD 4.07 billion in 2026 and is forecast to reach USD 5.94 billion by 2031 at 7.88% CAGR over 2026-2031.

This report is Segmented by Component (Mud-Pulse MWD Tools, Electromagnetic MWD Tools, Wired Drill-Pipe Systems, Gyro-While-Drilling Systems, RSS-Integrated MWD Modules, and Downhole Telemetry Sensors), Location of Deployment (Onshore and Offshore), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

Global Measurement While Drilling (MWD) Market Trends and Insights

Growth in Unconventional Shale Drilling

Horizontal shale wells in the Permian Basin continue to increase in length, with annual basin output expected to rise by 300,000 barrels per day, reaching 6.9 million barrels per day by 2026. Complex geosteering requirements in these extended laterals elevate demand for high-precision MWD systems that maintain borehole stability and optimize landing zones. Argentina's Vaca Muerta program is scaling similar practices, using real-time pressure monitoring and formation mapping to unlock tight reservoirs efficiently. Continuous directional control enabled by advanced measurement while drilling market technology minimizes dogleg severity, lowers casing wear, and sustains reservoir contact across 10,000-foot laterals. Operators also deploy rotary steerable systems integrated with MWD sensors to decrease slide time and increase the average rate of penetration, thereby amplifying the economic benefit of each incremental foot drilled. Strategic focus on maximizing resource recovery at low break-even prices reinforces investment in robust downhole telemetry across unconventional portfolios.

Rising Need to Reduce NPT & Well-Costs via Real-Time Data

Unplanned events account for 15-20% of total drilling time, intensifying operator pressure to curtail non-productive time through continuous downhole feedback. Wired drill-pipe field trials by BP achieved average drilling time savings of 10%, proving that sub-second data improves weight-on-bit management and mitigates stuck-pipe risk. Real-time azimuthal gamma and resistivity measurements further sharpen geosteering accuracy, directly linking better placement to higher initial production rates. Measurement while drilling market technology capable of bidirectional command enables prompt parameter changes without tripping tools, eliminating costly lost circulation incidents. Enhanced reservoir exposure ultimately lifts estimated ultimate recovery, supporting capital-discipline strategies that dominate budget allocations in a volatile pricing world. The result is a compounding return on digital drilling investments even in mature fields.

Oil-Price Volatility Impacting E&P Budgets

Historical data show that every USD 1 decline in crude price is associated with an average disengagement of 64 drilling rigs worldwide, underscoring the sector's sensitivity to price swings. US exploration and production companies trimmed 2024 capital spending to USD 61.7-65.4 billion, echoing a cautious stance toward discretionary drilling budgets. Tight-oil projects require breakeven levels near USD 50 per barrel, so marginal campaigns become uneconomic during downturns, delaying measurement while drilling market deployments. The asymmetric recovery pattern further depresses service pricing power, compelling providers to stretch payment terms and manage spare tool inventory. Financial uncertainty also slows large-scale telemetry upgrades as operators favor incremental enhancements over full wired drill-pipe conversions until price stability returns.

Other drivers and restraints analyzed in the detailed report include:

1. Deep- & Ultra-Deep-Water CAPEX Rebound
2. Wired Drill-Pipe Adoption Enabling High-Bandwidth Telemetry
3. Reliability Challenges of MWD Tools in HPHT Wells

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Mud-Pulse systems dominated 2025 revenue with a 42.15% of measurement-while-drilling market share, as their reliability and rig-floor familiarity remain valuable in standard pressure and temperature conditions. However, the segment confronts mounting competition from Wired Drill-Pipe systems, projected to grow at a 9.73% CAGR through 2031, as operators equate higher bandwidth with faster decision-making cycles. The measurement while drilling market size tied to Electromagnetic MWD tools continues to rise in air-drilling and low-conductivity fluid operations, providing an alternate option where mud-pulse telemetry attenuates severely. Rotary steerable system modules are increasingly equipped with gyro-while-drilling and downhole vibration sensors, blending measurement and actuation within a single platform that supports autonomous navigation.

Demand for downhole telemetry sensors that capture dynamic pressure, shock, and rotational speed increases as real-time analytics enable immediate drill-string health management. SLB's NeoLink demonstrates the migration toward integrated hardware and cloud-native software that shortens learning loops from the bit to the rig control system. Future growth in the measurement while drilling market hinges on modular tool designs that allow for rapid reconfiguration for geothermal, carbon capture, or extended-reach wells without inflating the string length. Providers investing in solid-state electronics, advanced vibration damping, and retrievable battery packs are likely to command premium day rates once drilling activity shifts toward more thermally and mechanically demanding plays.

Complete Report Scope:

• By Component
  • Mud-Pulse MWD Tools
  • Electromagnetic MWD Tools
  • Wired Drill-Pipe Systems
  • Gyro-While-Drilling Systems
  • RSS-Integrated MWD Modules
  • Downhole Telemetry Sensors
• By Location of Deployment
  • Onshore
  • Offshore
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • Norway
    • Netherlands
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Australia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Qatar
    • Nigeria
    • South Africa
    • Egypt
    • Rest of Middle East and Africa

Geography Analysis

North America retained 38.12% of 2025 revenue in the measurement while drilling market, supported by sustained shale activity in the Permian Basin and deep-water exploration in the Gulf of Mexico. The region's mature supply chain, abundant rig fleet, and data-driven operating culture drive the rapid adoption of automation, increasing the rate of penetration and minimizing sidetrack drilling. Canada's oil-sands SAGD wells and emerging geothermal initiatives are driving demand for high-temperature MWD tools that can handle steam-assisted environments. Mexico continues to advance the Trion ultra-deepwater development, awarding multi-year contracts that specify AI-enabled service delivery to reduce well cycle time and enhance safety. The regulatory emphasis on remote real-time monitoring by agencies such as the Bureau of Safety and Environmental Enforcement further underscores the need for reliable, high-bandwidth telemetry in offshore wells.

The Asia-Pacific region is the fastest-growing, with an 8.56% CAGR expected through 2031, as national oil companies ramp up drilling to meet demand and improve energy security. China's South China Sea projects deploy seismic-while-drilling for real-time formation imaging, enabling precise casing points in HPHT zones. India's active rig count is projected to rise from 111 in 2024 to 142 by 2028, reflecting higher domestic production goals that translate into robust measurement while drilling market orders. Australia's offshore gas fields and geothermal pilots similarly require high-temperature sensors and autonomous steering to control wellbore deviation in fractured granites. Southeast Asian operators in Indonesia and Malaysia focus on cost-effective MWD packages that balance real-time formation evaluation with lean rig budgets, highlighting the region's price-performance sensitivity.

Europe's market revolves around North Sea brownfield redevelopment and geothermal drilling aligned with decarbonization policy targets. Norway champions drilling automation, pairing Halliburton LOGIX software with Sekal AS algorithms to deliver autonomous directional drilling at scale. The measurement while drilling (MWD) market size in geothermal applications is expanding as Germany and the Netherlands incentivize the development of deep geothermal wells for district heating, necessitating tools that operate in corrosive brines at temperatures of up to 200 °C. The Middle East continues to experience steady growth, spurred by national oil company investments in unconventional reservoirs, such as Saudi Aramco's Jafurah shale. Africa sees momentum in West Africa's deep-water discoveries, while South America leverages Brazil's pre-salt and Argentina's shale developments to stimulate demand for high-spec MWD services capable of navigating tight pore-pressure margins.

1. Schlumberger (SLB)
2. Halliburton Company
3. Baker Hughes Co.
4. Weatherford International
5. Nabors Industries Ltd
6. National Oilwell Varco (NOV)
7. Scientific Drilling International
8. Gyrodata Inc.
9. China Oilfield Services Ltd (COSL)
10. APS Technology Inc.
11. Emerson (Roxar Downhole)
12. Tenaris (iRun Casing)
13. Erdos Miller
14. M/D Totco (NOV)
15. PetroServices GmbH
16. Cougar Drilling Solutions
17. Sinopec Oilfield Service Corp
18. GyroVision AS
19. Bench Tree Group

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Growth in unconventional shale drilling
  • 4.2.2 Rising need to reduce NPT & well-costs via real-time data
  • 4.2.3 Deep- & ultra-deep-water CAPEX rebound
  • 4.2.4 Wired drill-pipe adoption enabling high-bandwidth telemetry
  • 4.2.5 Geothermal drilling for energy transition
• 4.3 Market Restraints
  • 4.3.1 Oil-price volatility impacting E&P budgets
  • 4.3.2 Reliability challenges of MWD tools in HPHT wells
  • 4.3.3 Data-ownership & cyber-security concerns
  • 4.3.4 Shortage of skilled MWD field engineers
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Key Upstream Projects

5 Market Size & Growth Forecasts

• 5.1 By Component
  • 5.1.1 Mud-Pulse MWD Tools
  • 5.1.2 Electromagnetic MWD Tools
  • 5.1.3 Wired Drill-Pipe Systems
  • 5.1.4 Gyro-While-Drilling Systems
  • 5.1.5 RSS-Integrated MWD Modules
  • 5.1.6 Downhole Telemetry Sensors
• 5.2 By Location of Deployment
  • 5.2.1 Onshore
  • 5.2.2 Offshore
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Norway
    • 5.3.2.4 Netherlands
    • 5.3.2.5 Italy
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 ASEAN Countries
    • 5.3.3.6 Australia
    • 5.3.3.7 Rest of Asia-Pacific
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
  • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Qatar
    • 5.3.5.4 Nigeria
    • 5.3.5.5 South Africa
    • 5.3.5.6 Egypt
    • 5.3.5.7 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Schlumberger (SLB)
  • 6.4.2 Halliburton Company
  • 6.4.3 Baker Hughes Co.
  • 6.4.4 Weatherford International
  • 6.4.5 Nabors Industries Ltd
  • 6.4.6 National Oilwell Varco (NOV)
  • 6.4.7 Scientific Drilling International
  • 6.4.8 Gyrodata Inc.
  • 6.4.9 China Oilfield Services Ltd (COSL)
  • 6.4.10 APS Technology Inc.
  • 6.4.11 Emerson (Roxar Downhole)
  • 6.4.12 Tenaris (iRun Casing)
  • 6.4.13 Erdos Miller
  • 6.4.14 M/D Totco (NOV)
  • 6.4.15 PetroServices GmbH
  • 6.4.16 Cougar Drilling Solutions
  • 6.4.17 Sinopec Oilfield Service Corp
  • 6.4.18 GyroVision AS
  • 6.4.19 Bench Tree Group

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment