Directional Drilling Tools Market Analysis

The global directional drilling tools market is segmented on the basis of tools type into rotary steerable system (RSS), logging-while-drilling (LWD) tools, measurement-while-drilling (MWD) tools, mud motors, whip stocks, adjustable-gauge stabilizers, jetting bits, and turbodrills. Amongst these segments, the rotary steerable system (RSS) segment is projected to hold the highest market share during the forecast period and further attain the largest revenue of USD 5972.0 Million by the end of 2030 by growing with the highest CAGR of 10.05% during the forecast period. By type, the market is segmented into conventional, and rotary steerable system, out of which, the rotary steerable system segment is projected to garner the highest market share and further grow with the highest CAGR of 8.68% during the forecast period. Moreover, on the basis of application, the global market is segmented into onshore and offshore applications, out of which, the offshore applications segment is projected to grow with the highest CAGR of 9.10% during the forecast period.