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The Oil Drilling Automation - A Futuristic Solution for the Fast-Growing World The oil drilling automation market is valued at US$350.683 million for the year 2020, growing at a CAGR of 10.14% reaching a market size of US$689.301 million by the year 2027. Oil drilling is a process by which a tube is bored through the surface of the Earth to pump out the oil reservoir.