According to the latest research study, the report predicts the global size & share of Livestock Monitoring Market to reach around USD 10.93 Billion by 2027 from USD 3.59 Billion in 2019. The global Livestock Monitoring Market is anticipated to register a significant CAGR of 15.7% by 2027.
The livestock monitoring uses IoT-enabled gadgets to monitor and trace livestock health, most commonly cattle. The livestock industry is massive, and thus it is essential to sustain track of livestock and other farm animals. Livestock monitoring is a complete solution developed and architected using GPS and sensors blending all these with a network protocol for communication. The monitoring system assists the farmers in sustaining a check on their farm animals remotely. The device can inform the farmer when the cows get into labour thereby the calving process is made easy.
The devices are fixed to the collars and can keep track of animals' health, location details, chewing patterns, and pasture management. It also monitors farm equipment. The usage of sensors on livestock where data is dispatched to a central unit for monitoring is also known as a wireless sensor network. Tiresome is keeping a track of animal’s reproductive cycle. But with the assistance of IoT based monitoring, it can be made simpler. For instance, an attached IoT device can assist to measure and monitor a cow when it gets into heat, as cows are used to being in heat for approximately eight hours.
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Key Offerings
· Market size and forecast by revenue (2021—2028)
· Market dynamics – Prime trends, restraints, growth drivers, and opportunities of investment
· Market segmentation – A detailed analysis by source, product, distribution channel, and region
· Competitive landscape – vendors that are crucial and topmost
Top Market Players
· Lely International NV
· GEA Farm Technologies
· BouMatic LLC
· Antelliq Corporation
· Gallagher Group Limited
· DeLaval
· Afimilk Ltd.
· HID Global Corporation
· Dairymaster Ltd.
· Communications Group Lethbridge Ltd.
· IceRobotics Ltd.
· Fancom BV
· Nedap N.V.
· Hokofarm-Group BV
· Sum-It Computer Systems Ltd.
· Fullwood Packo Ltd.
· Sensaphone
· Valley Agriculture Software
· Infovet
· Quantified AG
· GAO RFID Inc.
· FBS Systems Inc.
· Sol Chip Ltd.
· Cainthus
· Connecterra B.V
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Important Questions Being Answered by The Market Report
· What is the global livestock monitoring market size and growth?
· Which are the prominent companies?
· What are the effective strategies to reinforce the market presence?
· Which region is anticipated to observe significant demand for the global livestock monitoring market?
· What are the drivers and opportunities?
· What are the key emerging trends and unmet needs in the present market?
· What are the leading companies in the world market?
Livestock Monitoring Market: Growth Leading Factors
Due to advancements in sensor technology, farmers can determine diseases in animals and can take instant actions. Adopting management and sensing technologies lessens the costs experienced in monitoring livestock. The application in innovative technologies assists in assembling data that is real-time and is connected to the health of the animals and general behavior like feeding behavior, food and water, hygiene levels, and biosecurity. The location of animals can also be tracked and traced. Further, connected infusion assists in upraising the production of dairy without releasing harmful gases like methane, at the same time guaranteeing the health of livestock.
With the global income and population on the rise, demand for livestock food and meat will increase dramatically. Thus, the industry should aim to satiate possible needs, guarantee good quality, and attain sustainability without generating environmental harm or surpassing resources that are global. Warnings from pathogens began to progress with growing urbanization and an ever-altering environment that ended up in disease outbreak that is infectious in the livestock industry. Thus there is growth in the global livestock monitoring market.
Due to covid-19, there is a hindrance in the livestock industry. The newly surfacing covid-19 illness caused a strained showdown on animal products, particularly dairy and meat products worldwide. These factors have led to a decrease in investments and solutions on animal monitoring.
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Livestock Monitoring Market: Key Segmentation
Insight by animal type, component, application, and region
By animal type, the cattle segment possesses the most significant share because of the growing demand for dairy and beef products. By component, the software component segment is anticipated to see the speediest growth because software encourages interactivity between several data management systems and adds value to the customers. By application, the feeding management segment accounted for the largest revenue share because of monitoring the food consumption of the animals.
Geographically, the global livestock monitoring market is bifurcated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. By region, North America is witnessing the regional governing share because of the development of technology along with increased internet penetration. There is also a growth of global livestock monitoring market in this region because of increased consumption of meat. The Asia Pacific is anticipated to see speedy growth because of the high cattle population.
Browse the full “Livestock Monitoring Market Share, Size, Trends, Industry Analysis Report, By Animal Type (Cattle, Poultry, Swine, Equine); By Component (Hardware, Software, Services); By Application (Milk Harvesting, Breeding Management, Feeding Management, Animal Health Monitoring & Comfort, Heat Stress, Behavior Monitoring); By Regions; Segment Forecast, 2020 - 2027” Report at https://www.polarismarketresearch.com/industry-analysis/livestock-monitoring-market
The market predominantly depends on animal type, component, application, and region.
Livestock Monitoring Market: By Animal Type
- Cattle
- Poultry
- Swine
- Equine
- Others
Livestock Monitoring Market: By Component
- Hardware
- Sensors
- GPS
- Others
- Software
- On-cloud
- On-premise
- Services
- Integration & development
- Maintenance & Support
- Others
Livestock Monitoring Market: By Application
- Milk Harvesting
- Breeding Management
- Feeding Management
- Animal Health Monitoring & Comfort
- Heat Stress
- Behavior monitoring
- Others
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