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The Livestock Monitoring Market Size was valued at USD 1.85 billion in 2023 and is expected to reach USD 4.570 billion by 2032, and grow at a CAGR of 10.57 % over the forecast period 2024-2032.
Livestock monitoring involves the use of technology to improve profitability and efficiency of livestock. Local tracking sensors provide location data and the physical condition of the animals instead of relying solely on farmers' sensors. Computer sensors help farmers track the overall well-being of animals such as reproduction, diet, and hygiene. The software ensures animal safety by assisting farmers. The growth of hardware applications equipped with cloud-based services encourages market growth.
KEY DRIVERS:
Real-time monitoring is becoming more apparent.
disease detection at an early stage.
RESTRAINTS:
high cost for livestock monitoring.
Huge investments include.
OPPORTUNITIES:
Rise in number of applications.
Rise in herd size of livestock farms
CHALLENGES:
Concerns about global warming and other environmental issues.
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
COVID-19 has led to a major global health crisis and several accidents. The disruption of the supply chain has been caused by the closure of facilities in a few districts. Major manufacturers of livestock monitoring solutions have been slightly affected in the first two parts of 2020 due to the outbreak of the COVID-19 epidemic. Due to the closure of areas in many districts, inequality of demand and service delivery was confirmed, as companies were not fully productive. The supply chain disruption caused by the epidemic has had a small effect on the supply of hardware components. The market has seen a decline in exports in the first three quarters of 2020. However, the market has seen momentum in the last half of 2020 due to easing of closures. In addition, the need for remote monitoring of livestock, shortage of farm workers and rising labor costs are expected to further the growth of the livestock monitoring market. The market has seen steady growth in 2021 and is expected to see strong growth from 2022.
By Component, The use of hardware is expected to improve agricultural production and reduce the challenges farmers face, thereby increasing productivity. Hardware technology is harmless to animals and the environment, which attracts a number of livestock farmers. The hardware component is also divided into sensors, GPS, and other tools. Part of the software is expected to register a rapid growth during the forecast period. The software component contains a collection of numerous livestock monitoring applications, which are integrated. These applications have user-related links and functions and features. Many companies install software to facilitate the collection of livestock data.
By Application, the food management sector holds the largest share of revenue of more than 25%. The need for continuous supply of water and food as well as sanitation is growing. Proper feeding and handling of manure is important not only for animal health, comfort, and well-being, but also for reducing disease, illness and pests. The above factors also contribute to partial growth. The dairy harvest portion is expected to register the fastest CAGR over the forecast period. At a dairy farm, hand milking is time consuming and slow. Therefore, through automatic milking, IoT has addressed this issue more effectively, reducing costs and labor demand. It is more likely to spoil the milk during adverse temperatures, but automatic milk storage automatically saves milk through various smart cooling tanks.
North America holds a larger revenue share of more than 35% due to continuous technological advances, accompanied by an increase in internet penetration in these regions. The proliferation of zoonotic diseases has increased the need for technology to monitor sick animals, which is expected to drive the North American market. According to the Food and Agriculture Organization of the United Nations (UNFAO), the US is the largest poultry producer in the world. Asia Pacific is expected to see significant gains during the forecast period 2022-2028. Increased incomes, changing food patterns, population growth, and rapid urbanization in the Asia Pacific region have led to an increase in food consumption from animal sources. Moreover, since the 1900s, the region has been profiting from livestock production worldwide and is expected to continue to grow during the forecast period.
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The Key market players in the Livestock Monitoring Market are GEA Group, Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 1.85 Billion |
| Market Size by 2032 | USD 4.57 Billion |
| CAGR | CAGR of 10.57 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software, Services) • By Type (Cattle, Goats, Equine, Poultry, Swine, Others) • By Application (Milk Harvesting Management, Feeding Management, Sorting And Weighing Management, Animal Health Monitoring & Comfort, Heat Detection Monitoring, Heat Stress Management, Breeding Management, Behavior Monitoring) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | GEA Group Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other. |
| Key Drivers | • Real-time monitoring is becoming more apparent. • disease detection at an early stage. |
| Restraints | • high cost for livestock monitoring. • Huge investments include. |
Ans: The Livestock Monitoring Market size was valued at US$ 1.85 billion in 2023.
The Key market players in the Livestock Monitoring Market are GEA Group Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Ans: The Livestock Monitoring Market is growing at a CAGR of 10.57 % over the forecast period 2024-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Livestock Monitoring Market Segmentation, by Component
8.1Introduction
8.2 Hardware
8.3 Software
8.4 Services
8.5 Other
9. Livestock Monitoring Market Segmentation, by type
9.1 Introduction
9.2 Cattle
9.3 Goats
9.4 Equine
9.5 Poultry
9.6 swine
9.7 Others
10. Livestock Monitoring Market Segmentation, By Application
10.1 Introduction
10.2 Milk Harvesting Management
10.3 Feeding Management
10.4 Sorting and Weighing Management
10.5 Animal Health Monitoring & Comfort
10.6 Heat Detection Monitoring
10.7 Heat Stress Management
10.8 Breeding Management
10.9 Behavior Monitoring
10.11 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Sensaphone
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 GEA Group Aktiengesellschaft
12.3 Dairymaster
12.4 Afimilk Ltd.
12.5 DeLaval
12.6 Intervet Inc
12.7 Fancom BV
12.8 Antelliq
12.9 BouMatic
12.10 Lely
12.11 Fullwood Packo
12.12 Other
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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BY COMPONENT
Hardware
Software
Services
BY TYPE
Cattle
Goats
Equine
Poultry
swine
Others
BY APPLICATION
Milk Harvesting Management
Feeding Management
Sorting and Weighing Management
Animal Health Monitoring & Comfort
Heat Detection Monitoring
Heat Stress Management
Breeding Management
Behavior Monitoring
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Company Information
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