Game Engines Market Size & Share to See Modest Growth Through 2026

Game engine is a primary software of a computer game or video game. The software is used to create and develop video games for consoles, mobile devices, and personal computers. Game developers use 2D- or 3D-based game engine software to plan and code the game quickly and easily. Important functions of game engines include, scripting, sound, animation, Artificial Intelligence, collision detection, physics engine, and memory management. Game engines are a medium to develop a game and to have full control and command over the game and game settings. Game engines also save a considerable amount of time by offering several preset modules, libraries, effects, and tools.

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The global game engines market was valued at US$ 1,717.2 million in 2017 and is expected to reach US$ 4,186.9 million by 2026, exhibiting a CAGR of 10.6% between 2017 and 2026.

Factors Driving Growth of the Global Game Engines Market

Growing gaming industry is expected to drive growth of the global game engines market. Moreover, increasing number of mobile gamming applications is also expected to boost growth of the market. For instance, according to Coherent Market Insights’ analysis, the global mobile gaming industry generated revenue of US$ 55.8 billion in 2017 and is projected to reach US$ 107 billion by 2021. Moreover, increasing app store spending by consumers is expected to drive growth of the game engines market. According to Coherent Market Insights’ analysis, user expenditure on apps stores worldwide is expected to reach US$ 106 billion by 2018 and over US$ 156 billion by 2022. Furthermore, improved infrastructure such as better broadband and Wi-Fi connection, advanced graphics, and improved computing power at lower costs are some of the factors expected to fuel growth of the global game engines market.

Game Engines Market: Regional Insight

On the basis of region, game engines market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific game engines market is projected to account for the highest market share in 2017. China, Korea, India, and South East Asia are major growth engines in Asia Pacific. According to Coherent Market Insights’ analysis, app downloads are expected to increase by 45%  to reach US$ 258.2 billion during 2019-2022, globally. Major contribution for this growth is from economies such as China, India, Japan, Indonesia, and Vietnam. According to Coherent Market insights’ analysis, China is the largest mobile app market worldwide and accounts for around 40% of the global market in terms of value in 2018.

Key Players in the Global Game Engines Market

According to Harvard Business School, Unity Technologies held dominant position in the global game engines market, with around 42-45% share of the global game engines market in 2017 by value. Other prominent players in the market include, Chukong Technologies, Valve Corporation, The Game Creators Ltd., Leadwerks Software, Epic Games, Inc., CRYTEK, YoYo Games Ltd, Marmalade Game Studio Ltd., Idea Fabrik, PLC., SONY INDIA, Amazon.com, Inc., GameSalad Inc., Scirra Ltd, Corona Labs Inc., GarageGames.com, Silicon Studio Corp., Briar Wallace/Blender Foundation (Organization), Mario Zechner (Personal), Godot Engine (Community developed), and the OGRE Team (Organization).

Game Engines Market: Taxonomy

By Product Type

  • 3D Game Engines
  • 5D Game Engines
  • 2D Game Engines

By End User

  • PC Games
  • Mobile Games
  • TV Games
  • Others (console games and video games)

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Superyacht Market Size & Share to See Modest Growth Through 2026

Superyacht industry has gained significant traction during the recent past, owing to increasing number of tourism in across key European countries, which includes Italy, UK, and Spain. Tourism plays vital role in superyacht industry, as tourism is a key contributor to the social development, economic growth, and employment of many emerging economies across the globe. Furthermore, the countries in European region such as Italy, France, Spain, and Greece attract more tourists across the globe, as these countries allow tourists to purchase duty-free luxury goods.

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Global superyacht market is expected to witness significant growth during the forecast period (2018–2026). This growth is majorly attributed to the increase in number of adventure tourism and recreational activities in the emerging countries of Europe and Asia Pacific.

Increasing number of tourists in Europe and Asia Pacific region is turning to be the major driving factor for growth of the superyacht market

Growing tourism sector is one of the key driving factors for growth of the superyacht market in developed countries of Europe such as UK and Italy. For instance, according to World Travel and Tourism Council, the U.K. Travel & Tourism sector’s contribution to GDP was estimated around 6.2% in 2017, which is US$ 272.9 billion (GBP 214 billion) contribution to the overall GDP of UK.

Additionally, the rising spending in water-sports and recreational activities by international tourist and visitors, and high net-worth individuals in the UK has accelerated growth of the UK travel & tourism industry. According to World Travel and Tourism Council, in 2017, the international tourist and visitors’ spending increased by 7.9% from the spending of 2016. Hence, this growing tourism industry has accelerated demand for superyachts, which is expected to aid in growth of the superyacht market.

Global Superyacht Market Share By Region

North America is expected to hold the largest market share in the superyacht market followed by Europe, while Asia Pacific is expected to witness the fastest growth during the forecast period. Presence of large number of prominent boat manufacturers and boat maintenance & service providers in North America and increasing demand of 40-80 meter sailing and motor superyachts are some of the key factors driving growth of the market. In Asia Pacific, the highest growth can be attributed to the increasing number of tourists from emerging economies of Asia Pacific such as China and India.

The luxury superyacht market is characterized by the presence of well-diversified and established boat builders in the North America and Europe. Boat builders engaged in custom and semi-custom boat segments are planning to expand its regional footprint and product portfolio, especially regarding its product quality, services, technology, and price. This competitive environment among prominent superyacht manufactures such as Beretta yachts and Royal Huisman is expected to intensify during the forecast period. Boat manufacturers are majorly focusing towards developing new technologies and upgrading its product portfolio in order to maintain its dominance in this highly competitive marketplace.

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Some of the key players operating in the global superyacht market include Amels, Blohm+Voss, Christensen Shipyards, Feadship, Fincanteri, Heesen Yachts, Lurssen, Nobiskrug, Oceanco, Perini Navi, Sunseeker Yachts, Holland Jachtbouw, Royal Huisman, Moonen Shipyards, Mulder Shipyards, and Benetti Yachts.

Stamping Fasteners Market Size & Share to See Modest Growth Through 2026

A fastener is a hardware material that mechanically joins two or more objects together. A fastener could be a nut, bolt or clip type. Fasteners can be made by stamping metal sheet such as aluminum, steel or copper. Stamping is a process by which a metal sheet is pressed in order to make desired shape out of the metal sheet. A metal sheet undergoes various operations such as cutting, bending or forming, and drawing in a stamping process.

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Market Dynamics:

Less time taken by stamping process as compared to other methods to prepare joints such as clinching is major driver for stamping fastener’s market growth. According to report of Industrial Fasteners Institute (2016), global fastener demand was US$ 69.6 billion in 2015, and is expected to witness growth rate of 2.4% over the forecast period. This in turn is expected to drive growth of the stamping fasteners market, as precision stamping is a fast and cost-effective solution for manufacturing large quantities of products.

Market Outlook:  

Asia Pacific region is expected to account for the highest market share in global stamping fasteners market due to growing construction and automotive sectors in emerging economies such as India. According to India Brand Equity Foundation (IBEF) report (September 2018), Indian construction equipment market is projected to reach US$ 7 billion by 2020 from US$ 4.2 billion in 2017, whereas turnover of Indian auto components industry grew 18.3% to reach US$ 51.2 billion in 2017-18 from US$ 43.5 billion in 2016-17. Growth of such end-use industries is expected to boost the stamping fasteners market growth.

Key players:

Key players operating in the global stamping fasteners market include P&R Fasteners, Scovill Fasteners, Kapco, Franklin Fastener, ARO Metal Stamping, Acro Metal Stamping, Trans-Matic, Diehl, Tornillería DEBA Fasteners, and Koninklijke Nedschroef Holding B.V.

Market Taxonomy:

On the basis of material, global stamping fasteners market is segmented into:

  • Stainless steel
  • Alloy steel
  • Brass
  • Aluminum
  • Copper

On the basis of product type, global stamping fasteners market is segmented into:

  • Nuts
  • Tapping Plates
  • U-Clips
  • Bolts
  • Custom Stamped Components

On the basis of end-use industries, global stamping fasteners market is segmented into:

  • Automotive
  • Electrical
  • Electronics
  • Medical
  • Construction

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Torque Sensors Market Size & Share to See Modest Growth Through 2026

A torque sensor is a device used for measuring and recording the torque of a rotating system such as an engine, crankshaft, gearbox, rotor, and bicycle crank or cap torque tester. The torque is mainly divided in two categories: static torque and dynamic torque. Static torque does not produce an angular acceleration and dynamic torque refers to the amount of torque motor produces at some speed of rotation with applied load.

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Global Torque Sensors Market: Regional Insights

Asia Pacific is expected to be the fastest growing region in the torque sensors market over the forecast period. The substantial growth in the automotive production of vehicles in economies such as India and China is one of the major factors for increasing demand for torque sensors in this region. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, the production of vehicles in India and China in 2016 was 4.5 billion units and 28.1 billion units, respectively, which increased up to 4.7 billion units and 29 billion units, respectively in 2017. Torque sensors are used in automotive industry for numerous applications such as testing of clutch and gearboxes, brake testing, and others. These factors are expected to propel demand for torque sensors in Asia Pacific region.

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Global Torque Sensors Market: Competitive Landscape

Major players operating in the global torque sensors market include ABB Limited, ATI Industrial Automation, Inc., Futek Advanced Sensor Technology, Inc., Interface Inc., Kistler Instrument Corporation, Crane Electronics Ltd, Honeywell International Inc., Datum Electronics Ltd., and PCB Piezotronics Inc. Market players are adopting strategies such as product development, in order to gain competitive edge in the market. For instance, in June 2018, OnRobot A/S launched the force-torque sensor product. Force-torque sensors based on OptoForce HEX technology received a substantial technical upgrade, making installation and handling of the sensors even easier and faster. Furthermore, the weight of the sensor was  reduced by 20 percent.

Epitaxial Wafer Market Size & Share to See Modest Growth Through 2026

The global epitaxial wafer market was valued at US$ 2.79 billion in 2017 and is projected to reach US$ 7.83 billion by 2026, exhibiting a CAGR of 12.4% over the forecast period, according to Global Epitaxial Wafer Market Report, by Deposition Type (Heteroepitaxy and Homeoepitaxy), by Wafer Size (50mm to 100mm, 100mm to 150mm, and above 150mm), by Application (LED Semiconductor, Power Semiconductor, and MEMS-based Devices), and by Region (North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa), published by Coherent Market Insights.

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The market for epitaxial wafer is segmented on the basis of deposition type which includes heteroepitaxy and homeoepitaxy, which are the two prime methods used for epitaxial deposition.  A film or layer is deposited on a substrate of dissimilar composition and is known as heteroepitaxy deposition. Laying a film or layer on a surface or substrate of a similar level of conformation is known as homoepitaxy. Growing demand for high end semiconductor equipment and devices and energy efficient LED lights is fueling growth of the market for epitaxial wafer, globally. Increasing focus on reducing the overall consumption of electricity along with growing awareness of green technology among consumers have compelled manufacturers to adopt eco-friendly and energy-efficient lighting for example LED lighting. Some of the major factors responsible for growing dependence on epitaxial deposition are reduction in the device failure at the time of implementation, and inspection of the epitaxial layer which makes it free of imperfections. For instance, it has been observed that the addition of an epitaxial layer on a transistor raises its breakdown voltage and increases the transistor’s switching speed. Furthermore, some of the benefits of epitaxial wafers include controlled doping profile in a device structure and better physical properties.

Homoepitaxy is when the same material (or polytype) as the substrate is grown for example: Si on Si, 4H-SiC on 4H-SiC. Heteroepitaxy is when a different material (or polytype) from the substrate is grown for example: GaN on sapphire, 3C-SiC on 6H-SiC.

Key Trends and Analysis of Global 3D Audio Market:h

  • Among wafer size, 50mm to 100mm sized wafers was the dominant segment in the market in 2017 and is projected to maintain its dominance during the forecast period. This is owing to increasing preference of LED chip manufacturers from 2-inch to 4-inch wafer process, which will drive demand for these wafer sizes for application in consumer electronics.

  • Among application, LED semiconductor segment accounted for the largest share in 2017 and is projected to maintain its dominance during the forecast period as well. This is owing to growing demand for energy efficient products and advancements in technology such as organic light-emitting diode and favorable price fluctuation in LEDs.

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Key Takeaways of the Market:

  • According to Coherent Market Insights’ analysis, Asia Pacific is the largest and fastest growing region in the global epitaxial wafer market, owing to high presence of numerous semiconductor wafer companies such as TSMC, Samsung, and SMIC, in the region.

  • The key vendors in the market includes EpiWorks Inc., GlobalWafers Japan Co. Ltd., Nichia Corporation, and SHOWA DENKO K.K.

  • Some of the other prominent players operating in the epitaxial wafer market include Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd., Intelligent Epitaxy Wafer Size Inc., IQE plc., Jenoptic AG, MOSPEC Semiconductor Corp Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc., SVT Associates Inc., UniversalWafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd.

Signalling Device Market Size & Share to See Modest Growth Through 2026

Signalling device generates an alarm to warn or alert something or somebody. Alarms raised by signalling devices can be either audio- or visual-based depending on the requirements, applications or surroundings of the place of installation. Signalling devices are usually connected to a control panel that triggers the signal when the need arises. Some of the signalling devices include hooters and strobe lights. Generally, signalling devices are used in combination (siren and strobe) as they produce an alarming sound along with a visual flash/signal.

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Growth of the Oil and Gas Industry is a Factor Fuelling Growth of the Signalling Device Market

The basic purpose of using signalling devices is to warn, alert, indicate, or provide information about a dangerous or hazardous situation. For instance, fire alarms are set up to warn people in the vicinity about a fire and alert them to proceed for evacuation. In most of the cases, the motive of installing a signalling device is to provide safety.

Signalling devices are essential in various sectors, such as industrial and public areas, especially in petro-chemical and oil & gas sectors as the potential for serious accidents are far higher at oil & gas plants in comparison to other industrial environments. Moreover, the sites of oil & gas plants are classified as hazardous regions as the environmental conditions are prone to explosions and toxic gas leakages. Hazardous regions are places with high concentration of flammable gases, vapours, or dust, occurring either constantly (Zones 0 and 20), under normal operating conditions (Zones 1 and 21), or unusually high (Zones 2 and 22). Products designed for hazardous locations have to meet the ever changing standards and regulations. For instance, UL 913 issued in 1971, is a US standard which classifies intrinsically safe apparatus for use in hazardous locations. The purpose of this standard is to specify limiting sources of electrical spark energy, high surface temperature, and separating distances between inflammable substances or equipment.

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Signalling Device Market: Regional Insight

North America was one of the dominant markets for signalling devices in 2016, owing to high number of oil & gas plants in the region. For instance, according to 2017 statistics by the U.S. Energy Information Administration (EIA), the production of oil in the U.S. was 14.46 million barrels per day, and that of Canada was 4.87 million barrels per day, accounting to 15% and 5% of the world’s share, respectively. Growth of the oil & gas industry is one of the major driving factors for demand of signalling devices in the region.

Asia Pacific is expected to be the fastest growing market for signalling devices in the forecast period, as this region is also witnessing significant growth in the oil & gas sector. This region includes some emerging economies such as China, India, and Japan, which are the major growth engines for signalling devices in Asia Pacific region. For instance, according to U.S. Energy Information Administration (EIA), in 2017, China was the seventh largest economy in production of oil with 4.45 million barrels per day, accounting to 5% of the total production in the world.

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Signalling Device Market: Competitive Landscape

Some of the key players operating in the signalling device market are R.Stahl, ABB, Bright Engineering, Federal Signal, PR Electronics, Honeywell International Inc., e2s warning signals, Hollysys Automation Technologies Ltd., Thales Group, NHP Electrical Engineering Products, Cooper Industries, Koito Manufacturing Co., L3 Communications Holdings, Inc., Auer Signalgerate, and Koninklijke Philips Electronics N.V.

Conference Call Services Market Size & Share to See Modest Growth Through 2026

The global conference call services market is expected to witness good growth, as it has become a necessity for all the leading corporate business companies to deal with their international service providers, partners, and customers. Conference call services enable real-time collaboration of the business units of any company or different companies to communicate with its operating or non-operating clients or business units. Increasing demand for security of the data and conversation between the users, rising need for time-saving & cost saving methods for communication for business or other related objectives, and increasing demand for communicating to the company’s workforce through mobile are some of the major factors driving growth of the global conference call services market. The audio clarity during the voice conference call and requirement of high constant internet connection during video conference call are some of the major restraints affecting growth of the global conferencing calls services market.

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Market Dynamics

Conference calling services provides the advantages such as help in urgent requirement of getting the status update between the teams of any company that are in different locations or business units, saves resources for any business. As per Polycom’s global study in 2017 of more than 24,000 professionals looked at the conferencing activity across 11 major countries found that every one in three people reduced the email activity after adopting conferencing technology. Conferencing call technology is increasingly being adopted in industries such as government & defense services, and corporate enterprises. The audio conferencing call has evolved to video call conferencing, as it is more flexible. It offers advantages of archiving, improved telecommunication, clear audio with vision, saves time & money, and content sharing through the video conferencing software such as ‘Scopia’ from Avaya.

Increasing trend of adopting advanced technology such as conference call services is expected to drive growth of the market

Leading players in the market such as Cisco and Polycom are adopting advanced technologies such as virtual reality and are continuously focusing on improving their working environment to enhance productivity. Conference call technology aids in effective management of resources, thereby driving growth of the market.

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Increasing demand for security of the data and the conversation between the users during conference calls are driving the market growth

Confidential business data shared during a conference call needs to be secured at the time of important discussions. Conference call services gives full security of the data and conversations between the users and also provides the advantages of conversation recording for future purposes, which is important to run a business more efficiently. This aids in growth of the global conference call services market.

Some of the key players operating in the global conference call services market include Microsoft Corporation, Zoom Video Communications, Dialpad, Polycom, Infinite Conferencing Inc., GlobalMeet, Arkadin SAS, AT Conference, ConferenceCalls, RingCentral Business Phone Services, Zip Conferencing, InterCall Online, and Budget Conferencing Inc.

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Precision Balances Market Size & Share to See Modest Growth Through 2026

Precision balances are also known as top loading balances. It is used to weigh quantities to a precise number, usually from milligram to kilogram. They are more precise than the average bench or compact scale, but not as precise as analytical balances. Also, precision balances tend to have more features compared to bench scales or compact balances. All precision balances have RS-232 interfaces for communicating data to computers and printers. Precision balances have various application across different industries such as productions in pharmaceutical industry, food industry, and research center.

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Increase in Demand for High Accuracy Weighing Products is One of the Major Factors Driving Growth of the Precision Balance Market

Rising demand for high accuracy precision balances in various sectors such as research center, laboratories, pharmaceutical industry, universities, and others is driving growth of the market. Precision balances are widely used in the pharmaceutical industry to precisely measure the ingredients so they may manufacture the exact products as slight variations in the ingredients may alter the combination of the desired products. According to International Federation of Pharmaceutical Manufacturers & Associations (2018), the global pharmaceutical market will reach nearly US$ 1,430 billion by 2020. Hence, growing demand for high accuracy precision balances is fueling growth of the market.

Regional Analysis of Precision Balances Market

Growing demand for modern retail stores such as departmental stores and mega marts in the European region drives growth of the precision balances market in the region. Furthermore, precision balances enhance shopping experiences of customers, such as self-weighing machines integrated with barcode and receipt number by saving time.

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Global Precision Balances: Competitive Landscape

Some of the key players operating in the global precision balances include Sartorius Group, Mettler Toledo, Kern & Sohn GmbH, Ohaus, Sauter GmbH, Sansui Electronics (P) Ltd., Shimadzu Corporation, Wensar, MRC Ltd., and Adam Equipment S.A. (Pty) Ltd.

Workstation Market Size & Share to See Modest Growth Through 2026

Workstations are high performance computers that are used to carry out complex tasks. Unlike personal computers, these computers require higher CPU power, higher memory volumes, and multitasking ability. The very nature of these computers to perform complex tasks requires them to be compatible with all kinds of productive software. Moreover, as these computers are used for specific scientific and technical applications, they need to have minimum downtime. Workstations are used in various applications such as digital content creation, in computer aided design (CAD), graphics, and, 3D animation industry. Content creation includes updating and maintaining of blogging, videography, photography, and website. Other applications include maintenance of social media and distribution of digital media.

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Increasing use of animation in the film and gaming industry is accelerating growth of the market

Computer animation is a process, which is used for generating moving images or animated images. For this process, computers normally use 2D animation software or 3D animation software. 3D computer animation involves combination of 3D models of objects with supported programming. Nowadays, 3D animations are more in demand when compared to 2D animation, as it is a highly advanced and controllable technique. 3D animation is majorly used in filmmaking. Moreover, it is also used in various applications such as interior designing, architecture, business, and gaming. In business, 3D animations are commonly used in presentations, marketing, and education. Therefore, increasing use of workstations in the 3D animation industry is driving growth of the workstation market. For instance, according to Coherent Market Insights, the total value of the global animation industry was US$ 258 billion in 2017 and is expected to reach US$ 350 billion by 2026.

CAD workstations are one of the most widely used workstations, which uses CAD or computer aided design software. CAD is a software that is used for the creation, analysis, and modification of designs. CAD workstations use multicore processor and hard drive, which has quicker speed. Moreover, these workstations use specially designed graphic cards for improving the performance of CAD software. CAD is used in many applications such as automotive, aerospace, and industrial engineering. CAD is also used in computer animations for delivering special effects in movies and advertising. It is primarily used to improve the quality of designs and create a database for manufacturing. Lower production cost and shorter design times are the advantages of CAD workstations. Therefore, increasing use of CAD workstations is expected to fuel growth of the workstation market.

Frequent requirement of upgrades is one of the key restraining factors of the global workstation market

The extended replacement cycles and frequent product upgrades are some of the key challenges faced by the global workstation market. The frequent upgrades of software required for certain tasks face compatibility issues with certain kinds of software and hardware (related to memory requirement or CPU power). This makes it difficult for small companies to invest in upgrading software and hardware, which in turn hinders growth of the market.

Global Workstation Market: Regional Analysis

North America holds dominant position in the global workstation market and exhibits maximum growth in the market due to increasing adoption of digital content creation. For instance, according to a report by the Bureau of Economic Analysis (BEA), in 2016, the estimated value of the digital economy was US$ 1,302.2 billion, which was 82.2 percent larger than it was in 2005.

Asia Pacific is expected to exhibit maximum growth over the forecast period, owing to increasing knowledge of advanced technology and use of CAD and 3D animation in various industries. Rapid industrialization, increasing investments towards intelligent manufacturing, smart packaging, 3D printing, and outsourcing of 3D modelling services for architectural and industrial machine parts is expected to increase demand for CAD in emerging economies of the region. Moreover, a number of major automobile manufacturers such as Kia Motors, Hyundai, and Maruti Suzuki have their R&D facilities in India. These companies will deploy CAD software for designing new products and this is expected to aid in growth of the market in the region.

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Global Workstation Market: Taxonomy

Key players operating in the global workstation market include Hewlett-Packard Enterprises, Inc., Dell Inc., Lenovo Group Limited, Fujitsu Ltd., NEC Corporation, Samsung, Toshiba America Client Solutions, Inc., Acer, Inc., Microsoft Corporation, and Apple, Inc.

Directional Drilling Solutions & Services Market Size & Share to See Modest Growth Through 2026

Directional drilling or slant drilling is a method of drilling non-vertical drills. Directional drilling is used for various purposes including to increase the number of wells from a single location, increase access to remote surface locations, and others. Various types of directional drilling include, horizontal wells, multilateral wells, and extended reach wells.

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The market in this report is studied across solutions, services, and applications. Across solutions, the market is further segmented into new purchase and rentals. Both sub-segments include, measurement-while-drilling (MWD) tools, logging-while-drilling (LWD) tools, Rotary steerable systems (RSS) tools, mud motors, and others. Services segment is further studied across MWD services, LWD services, RSS services, repair & maintenance, and consulting & other services.

Market Drivers: Increasing development of unconventional oil and gas resources is expected to boost the market growth over the forecast period

Advancement in directional drilling such as measurement while drilling (MWD) and downhole motor (DHM) technologies have led to development of unconventional oil and gas resources by improving access to the reservoir from surface locations and increasing reservoir contact. For instance, in April 2017, Toro launched a new horizontal directional drill operating system, which allows pipe handling functions to be performed using a single input on the joystick in the SmartTouch operating mode. Moreover, horizontal well offers greater wellbore contact with the reservoir than a vertical well. In a horizontal well, the length of reservoir contact is limited by the length of the lateral, which is determined by the mechanical ability to extend the drill bit along the lateral.

Measurement While Drilling (MWD) tools segment held dominant position in the market in 2017

Among solutions, the MWD tools segment held dominant position in the directional drilling solutions & services market in 2017 and is projected to retain its dominance throughout the forecast period. Increasing number of unconventional and deep-water exploration & production (E&P) and drilling activities and growing demand for higher productivity and efficiency of drilling activities are some of the key factors driving demand for measurement while drilling tool (MWD). This in turn is expected to boost  growth of the segment in the market during the forecast period. Moreover, increasing demand for petroleum products and natural gas is leading to extensive drilling, which requires MWD. For instance, according to 2017 World Oil Outlook Report, oil demand for the period 2016–2022 will increase by 6.9 mb/d (millions of barrels per day), from 95.4 mb/d to 102.3 mb/d. This leads to a healthy average annual increase of around 1.2 mb/d.

Global Directional Drilling Solutions & Services Market: Key Players

Major players operating in the global directional drilling solutions & services industry include, Schlumberger Limited, Halliburton Company, Downhole Drilling Services, LLC, Segofs Energy Services Limited, General Electric Company, KAMBI Enterprises Inc., Tolteq Group, LLC (National Oilwell Varco, Inc.), APS Technology, Inc., Shanghai Oilfield Equipment Co., Limited (SOECO), Beijing Geoshine Oilfield Technology Services Co., Ltd., Compass Directional Guidance, Inc., Scientific Drilling International, CBG Corp, China Oilfield Services Limited (COSL), Weatherford, Bench Tree, and Newsco International Energy Services Inc..

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Global Key Players:

Rental services providers included in the report are Hunting Energy Services Inc., Calmena Energy Services Inc., Oilwell Solutions, LLC, W-Technology Inc., Micro-Smart Systems Inc., MICROTESLA, Ranger Directional Rentals, WORLD HDD, KWIPPED, Inc., Beijing Hailan Science & Technology Development Co., Limited, Bench Tree (Rentals), Vertex Downhole (Rentals), Weatherford (Rentals), National Oilwell Varco, MWD Supply, Geoglide Australia Pty Ltd., Parker Drilling, and Nabors Industries Ltd.