Mobile Offshore Drilling Unit (MODU) Market Segmentation:
Drilling Unit Segment Analysis
The drillship segment is poised to hold the highest revenue till 2035. The growth in market revenue is influenced by its ability to move faster from one well to another without any help from external assistance. Moreover, they also have the capability of carrying a wide range of loads.
Water-Depth Segment Analysis
The deep & ultra-deep segment is estimated to the significant growth over the forecast period. Owing to constant development in technology, the MODU is now able to carry out the drilling activity in the ultra-deepwater. Also, a large part of the undiscovered reserve is situated in deep waters. Hence, this segment is set to grow further to drive market size.
Our in-depth analysis of the market includes the following segments:
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Drilling Unit |
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Water-Depth |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of mobile offshore drilling unit is estimated at USD 7.72 billion.
The global mobile offshore drilling unit market size crossed USD 7.57 billion in 2025 and is likely to register a CAGR of over 2.2%, exceeding USD 9.41 billion revenue by 2035.
North America is predicted to command nearly 30% of revenue by 2035 in the mobile offshore drilling unit (MODU) market, attributed to the presence of extensive oil and gas reserves, robust oilfield services, and supportive government initiatives.
Key players in the market include Keppel Corporation Limited, Sembcorp Marine Ltd, DSME Co., Ltd., SHI International Corporation, Hyundai Heavy Industries, CIMC Raffles Offshore Ltd., China Shipbuilding Industry Corporation, COSCO, China Merchant Holdings.
