Measurement While Drilling Market Report 2026

The measurement while drilling market size has grown strongly in recent years. It will grow from $3.84 billion in 2025 to $4.17 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growth of oil and gas exploration, need for directional drilling accuracy, historical drilling inefficiencies, expansion of offshore fields, early telemetry technology adoption.

The measurement while drilling market size is expected to see strong growth in the next few years. It will grow to $5.71 billion in 2030 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increase in complex well architectures, demand for reduced drilling risks, adoption of ai based drilling optimization, growth of deepwater exploration, integration with digital oilfield platforms. Major trends in the forecast period include increasing adoption of real time drilling data, rising use of directional and horizontal drilling, growing integration of software enhanced mwd, expansion of offshore drilling applications, increasing demand for high accuracy sensors.

The rising oil and gas exploration activities are expected to drive the growth of the measurement while drilling market in the coming years. Oil and gas exploration encompasses the processes aimed at discovering and evaluating potential underground or underwater hydrocarbon reservoirs for future extraction. The increase in exploration activities is driven by growing energy demand, as expanding populations and industrialization require more fuel to support economic development and daily consumption. Measurement while drilling supports these activities by providing real-time subsurface data, enabling more precise well placement, reducing drilling risks, and optimizing hydrocarbon recovery. For example, in September 2023, GOV.UK, a UK-based government website, reported that total government revenues from UK oil and gas production reached $9.9 billion (£9 billion) in the financial year 2022-2023, up from $1.54 billion (£1.4 billion). Consequently, the expansion of oil and gas exploration activities is propelling the growth of the measurement while drilling market.

Leading companies in the measurement while drilling market are focusing on technological advancements such as high-speed intelligent telemetry systems to improve real-time data transmission, enhance drilling accuracy, and reduce non-productive time. High-speed intelligent telemetry systems combine AI-driven data processing with downhole measurement sensors to transmit larger volumes of drilling and formation data to the surface faster than conventional mud-pulse telemetry, enabling precise well placement and continuous real-time monitoring. For example, in November 2024, SLB N.V., a U.S.-based energy technology company, launched the Stream™ high-speed intelligent telemetry system for complex well drilling. The system employs proprietary AI algorithms to increase data throughput and fidelity, delivering uninterrupted, high-quality subsurface measurements, improving geosteering accuracy, and allowing surface teams to make optimal drilling decisions in real time.

In February 2023, SLB, a US-based oilfield services company, acquired Gyrodata Incorporated for an undisclosed sum. This acquisition aims to boost operational performance and drilling efficiency by incorporating advanced gyroscopic wellbore positioning technologies, enhancing wellbore quality, reducing drilling risks, and fostering innovation in autonomous drilling solutions. Gyrodata Incorporated specializes in providing measurement while drilling services in the oilfield sector.

Major companies operating in the measurement while drilling market are General Electric Company, Schlumberger Limited, Baker Hughes Company, Halliburton Company, National Oilwell Varco Inc., Weatherford International plc, Helmerich And Payne Inc., Nabors Industries Ltd., Hunting PLC, KLX Energy Services Inc., Leam Drilling Systems LLC, OilSERV Inc., Scientific Drilling International, Foraco International SA, Patriot Drilling Services, Hawkeye Directional LLC., Jindal Drilling And Industries Ltd., Saihyandri Energy Services Pvt Ltd., Calmena Energy Services Inc., Enteq Technologies plc.

North America was the largest region in the measurement while drilling market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the measurement while drilling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the measurement while drilling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The measurement while drilling market consists of revenues earned by entities by providing services such as real-time directional surveying, formation evaluation services, drilling optimization services, pressure and temperature measurement, and data transmission and telemetry services. The market value includes the value of related goods sold by the service provider or included within the service offering. The measurement while drilling market also includes sales of mud pulse telemetry systems, gamma ray sensors, rotary steerable systems, surface data acquisition systems, and directional drilling motors. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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