Dublin–(Business Wire)–“Livestock Monitoring Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030” Report Added to ResearchAndMarkets.com’s supply.
Key Market Insights
Rapid growth in sensor technology is expected to boost the global livestock monitoring market
The global livestock monitoring market was valued at USD 1.83 billion in 2021 and is projected to reach USD 4.55 billion by 2030, at a CAGR of 10.7% from 2022 to 2030.
The developments in sensor technology that have taken place and are ongoing will provide more and more information relevant to monitoring animals and their environments, thereby monitoring their production, growth and health.
Additionally, tracking systems help livestock producers overcome the challenges of growing scale while ensuring their animals; welfare. Field tracking sensors can provide reliable data on an animal’s location and physical condition, rather than relying solely on a farmer’s senses and knowledge. Whether farmers are concerned with automatic feeding, sorting and separation, or weighing – all the information needed to manage animals individually is available in real time.
The solution supports optimal livestock performance by delivering accurate amounts of feed based on each animal’s weight and activity level. Implementing the system allows controls to help the animal maintain optimal body condition. In cases of abnormal development (e.g. weight loss, decreased activity level), affected animals may be isolated for individual treatment and feeding. Isolating animals that have been in contact with sick animals helps minimize disease cases and drug costs.
market Overview
product analysis
Hardware Components Dominate Global Livestock Monitoring Market 2021
Hardware holds the largest market share in the livestock monitoring market by 2021 owing to the increasing application of hardware devices such as RFID, sensors, smart cameras, and GPS technology in livestock farms. The data collected through these devices alerts farmers to the reproduction, healthy feeding and well-being of their animals. Technological advancements in software and services for livestock monitoring and management systems have also driven market growth over the past few years.
Regional Analysis
Asia Pacific to seek opportunistic growth over the forecast period
The livestock monitoring market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Population expansion in developing countries of the region is putting increasing pressure on livestock product suppliers to increase efficiency and productivity, thereby driving the sales of livestock monitoring solutions. The growing adoption of IoT in animal monitoring applications is also driving the growth of this market. Some of the other factors driving the demand for livestock monitoring systems include increase in size and number of dairy farms, introduction of new products for livestock management, development of sensors that can gather a wide range of information, and need for cost savings related to livestock monitoring, & management.
key person; main force; important member
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GEA Farm Technology
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DeLaval
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afikin ltd.
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BouMatic LLC
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Aetna Corporation
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Dairy Masters Ltd
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Riley International
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Fancom BVCompany
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Fullwood Packo Ltd.
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Nedap Nevada
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Hokofarm Group BV
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Valley Agriculture Software
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Sum-It Computer Systems Ltd.
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induction organ
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HID Global Corporation
market segmentation
sacrifice
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hardware
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software
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Serve
farm type
livestock type
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Cattle
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poultry
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pig
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horse
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Other (sheep, goats and deer)
application
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Milk Harvest Management
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Breeding Management
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Feeding management
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heat stress management
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Animal Comfort Management
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behavior monitoring
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Other (calf management, genetic management, cattle sorting, weighing, data analysis, decision support, financial management)
Key questions answered in this report
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What are the key micro and macro environmental factors influencing the growth of the Livestock Monitoring Market?
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What are the key areas of investment by product segment and region during the current and forecast period?
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Estimated forecasts and market forecasts to 2030.
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Which segment will witness the fastest CAGR during the forecast period?
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Which segment holds the larger market share and why?
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Are low- and middle-income economies investing in the livestock monitoring market?
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Which is the largest regional market for the livestock monitoring market?
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What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?
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What are the key trends driving the growth of the livestock monitoring market?
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Who are the key competitors and what are their key strategies to increase their market share in the global Livestock Monitoring market?
Key topics covered:
mentioned company
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GEA Farm Technology
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DeLaval
-
afikin ltd.
-
BouMatic LLC
-
Aetna Corporation
-
Dairy Masters Ltd
-
Riley International
-
Fancom BVCompany
-
Fullwood Packo Ltd.
-
Nedap Nevada
-
Hokofarm Group BV
-
Valley Agriculture Software
-
Sum-It Computer Systems Ltd.
-
induction organ
-
HID Global Corporation
For more information on this report, please visit https://www.researchandmarkets.com/r/oglten
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