According the report, An Emergence of Ultra-Deepwater Drillship with New Features such as Advanced Positioning Control System, Equipped With Multi Machine Control and Others is one of the primary growth factors for the market. Rising New Offshore Projects such as Libra Field, Brazil (USD 91 billion), Coral South LNG, Offshore Mozambique (USD 4.67 billion) and others is also expected to contribute significantly to the Drillships market. Overall, Drilling (Shallow Water, Deep Water, Ultra-Deepwater) applications of Drillships, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Drillships market identified that the demand is rising in many different parts of the world as "Increasing R&D Expenditure Implies Advancement in Drillship and New Launches ". Furthermore, some recent industry insights like "On March 2019, Sonangol Group had launched mew drillship named as The Libongos drillship. The drillship has launched by the CEO of the company (Carlos Saturnino). At the launch event, the CEO of the company has stated “This project is another milestone in relaunching the Angolan oil industry, in the quest to increase production and national reserves. It also increases the integrated service offerings of the primary chain, diminishing the dependency on external availability in meeting the exploration program milestones”" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Skilled Workforce in Many Geographical Regions and Huge Initial Investment for Manufacturing Drillship"

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Drillships market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Drillships market and other related sub-markets covered in the study.

o Key & emerging players in the Drillships market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Drillships market size is calculated using market estimation process, the Drillships market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Drillships market size has been validated using both top-down and bottom-up approaches.