Livestock Monitoring Industry Analysis Report: Key Trends, Drivers, and Forecast Insights
By combining trend forecasting and competitive intelligence, this report supports future-focused strategy in the livestock monitoring sector.
How Large Will The Livestock Monitoring Market Be By 2025?
The livestock monitoring market size has grown rapidly in recent years. It will grow from $3.48 billion in 2024 to $3.94 billion in 2025 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to precision livestock farming adoption, disease prevention and management, productivity and efficiency improvement, government initiatives for livestock welfare, consumer demand for quality.
The livestock monitoring market size is expected to see rapid growth in the next few years. It will grow to $7.14 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to environmental sustainability, smart farming initiatives, animal identification and traceability, customization for livestock species, integration with farm management systems. Major trends in the forecast period include integration of Internet of things (IoT), GPS tracking for grazing management, automated health monitoring systems, data analytics for predictive insights, non-invasive monitoring technologies.
Get your free sample today:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6874&type=smp
What Are Key Factors Driving The Demand In The Global Livestock Monitoring Market?
The increasing focus on early disease detection and real-time monitoring in livestock is expected to significantly drive the growth of the livestock monitoring market. The focus on real-time monitoring and early disease detection is crucial for providing proper care for the animals and helping maintain their good health. With sensor technologies that aid in real-time tracking and monitoring, any issues in livestock can be identified so that they can be rectified as early as possible. For instance, in November 2023, according to the UK Centre for Ecology & Hydrology, a UK-based research organisation, an innovative project funded by a £700,000 grant from Innovate UK aims to develop automated and real-time monitoring for a cattle disease that costs the UK agriculture sector £80 million annually, as part of the Farming Futures Automation and Robotics competition within Defra’s £270 million Farming Innovation Programme. Hence, the increasing focus on real-time monitoring and early detection of diseases will propel the growth of the livestock monitoring market.
Comparative Analysis Of Leading Livestock Monitoring Market Segments
The livestock monitoring market covered in this report is segmented —
1) By Livestock Type: Cattle, Poultry, Swine, Equine, Other Livestocks
2) By Offering: Hardware, Software, Services
3) By Application: Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting And Weighing Management
Subsegments:
1) By Cattle: Beef Cattle, Dairy Cattle, Dual-Purpose Cattle
2) By Poultry: Broilers, Layers, Turkeys, Ducks, Other Poultry
3) By Swine: Market Hogs, Breeding Stock, Weaners
4) By Equine: Horses, Donkeys, Mules
5) By Other Livestocks: Sheep, Goats, Rabbits, Fish (Aquaculture), Other Specialty Livestock
What Are The Key Trends Shaping The Livestock Monitoring Industry?
Major companies operating in the livestock monitoring market are developing innovative farm management systems to gain a competitive edge in the market. Farm management systems refer to integrated software solutions and technologies designed to streamline and optimize various agricultural processes and activities on a farm. For instance, in July 2023, SK Telecom Co. Ltd., a South Korean-based technology company, launched a new livestock monitoring system called Live Care. This initiative aims to enhance the management and welfare of livestock through advanced technology, specifically targeting the growing needs of the agricultural sector. Live Care utilizes IoT devices to provide real-time data on livestock health and behavior. This enables farmers to monitor their animals closely and respond promptly to any health issues or changes in behavior.
Who Are The Prominent Players In The Livestock Monitoring Business?
Major companies operating in the livestock monitoring market include Cargill Incorporated, GEA Farm Technologies GmbH, Afimilk Ltd., VDL AgroTech B.V., Antelliq Corporation, Lely Holding B.V., Nedap N.V., Boumatic LLC, Dairymaster USA Inc., CowManager B.V., Sensaphone Inc., BovControl B.V., Allflex Livestock Intelligence Ltd., Cainthus Ltd., DeLaval Inc., Fancom B.V., Fullwood Packo Ltd., HerdInsights (Subsidiary of Datamars AG), Livestock Monitoring Systems Pty Ltd., Quantified AG, Rex Animal Health Inc., SmartShepherd Ltd., Connecterra, Hokofarm-Group BV
View the full livestock monitoring market report here:
https://www.thebusinessresearchcompany.com/report/livestock-monitoring-global-market-report
Which Region Is Expected To Lead The Livestock Monitoring Market By 2025?
North America was the largest region in the livestock monitoring market in 2024. The regions covered in the livestock monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Americas +1 310–496–7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment