Directional drilling is a process of drilling a well for placing the wellbore precisely to get maximum recovery from onshore and offshore. This type of drilling is used to cover large areas by the use of the single rig. Directional drilling services has many advantages that make it a widely used process. With an advancement of technology directional drilling has become more efficient.

Increasing oil & gas exploration and production (E&P) activities and research and development activities to deliver innovative software drilling technologies such as navigator directional platform across the globe are other factors also expected to fuel growth of the target market over the forecast period. In addition, increasing demand for deep and ultra-deep water oil and gas reserves along with rapid urbanization and industrialization is also expected to bolster growth of the target market.

However, increasing focus on renewable energy sources may hamper demand for conventional oil crude oil resources and subsequently directional drilling services which may restrain growth of the target market.

The global Directional Drilling Services Market is segmented by type, Services and regions. On the basis of type, the global market is segmented into Conventional, Rotary Steerable System. The Conventional segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.

On the basis of Services, the global market is segmented into Logging-While-Drilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others (automated drilling systems, well bore positioning, side tracking, hydraulics, well planning, drag analysis, and torque).

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.

Key players in the global market include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International PLC., National Oilwell Varco, Inc., Nabors Industries Ltd., Cathedral Energy Services Ltd., Jindal Drilling & Industries Limited, Scientific Drilling International, Leam Drilling Systems, LLC.