Livestock Monitoring Market

Analysis from GMI Research finds that the Livestock Monitoring Market earned revenues of USD 1,450 million in 2021 and estimated to touch USD 3,415 million in 2029 will grow at a high double-digit CAGR of 11.3%.

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Market Dynamic

Key Drivers and Emerging Trends

Some of the major factors contributing to the growth of the global livestock monitoring market size include the rising adoption of IoT and AI by dairy farmers and the growing awareness related to the benefits of livestock monitoring and disease detection. With the technology, the farmers can detect diseases in animals and take necessary actions accordingly. The adoption of sensing and management technologies reduces the cost incurred in monitoring livestock. The introduction of smart technologies in livestock farming gathers real-time data related to animal’s health and general behavior.

The rise in the demand for animal products, including meat, milk, and eggs, is further surging the market demand. Asia contributed to around 40% to 45% of the market for the overall meat production. As per the Australian Bureau of Agriculture and Resources Economies and Science, China hols 40% of increase in meat demand by the end of 2050. In addition to this, the increasing focus on R&D activities is further surging the livestock monitoring market growth. In 2018, DeLaval introduced the DeLavanInService All-Inclusive solutions to offer services and consumables to dairy farmers.

Restraint in the Livestock Monitoring Market

The limited skillsets and technology understanding among the farmers are likely to hamper the growth of the livestock monitoring market share over the coming years.

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Offering – Segment Analysis

Based on the offering, the hardware segment is expected to grow at a higher CAGR over the coming years. This is mainly due to the rising adoption of hardware devices, including sensors, smart cameras, RFID, and GPS technology on livestock farms. The data collected from these devices send alerts to the farmers related to reproduction, health feeding, and the wellbeing of the animals.

Application – Segment Analysis

Based on the application, the behaviour monitoring & controls segment is expected to grow at a faster CAGR during the forecast period. The growing adoption of hardware devices such as tags & readers, sensors, RFID, livestock RFID active collars for early detection of diseases in livestock, management of the herd, and tracking of livestock is further surging the market growth. Additionally, the growing awareness among owners related to livestock monitoring technology followed by the rising popularity of software solutions for animal behavior and health monitoring are further surging the market growth.

Livestock Type – Segment Analysis

Based on the livestock type, the cattle segment is projected to dominate the market during the forecast period. This is mainly due to the increasing awareness related to the benefits with its usage. The growing consumption of dairy products and beef is further boosting the market growth. Beef and dairy products are under constant scrutiny by several private and public enterprises to ensure the safety and quality of these products.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the market during the forecast period. The increasing penetration of the internet and the progressive development of technologies are the two major factors that are surging the market growth. In 2018, the highest meat consumption was in the U.S., which further surged the requirement to prevent zoonotic and foodborne diseases related to the livestock animals subsequently, thus driving the market growth.

Top Market Players

Various notable players operating in the market include GEA Group Aktiengesellschaft, DeLaval Inc., Afimilk Ltd., Nedap N.V., BouMatic, Merck & Co. Inc., DAIRYMASTER, Lely, Fancom BV, and Fullwood Packo, among others.

Key Developments:

• • In 2020, Nedap N.V. and VAS worked together to improve the level of integration between the VAS Platfrom and Nedap CowControl. This advanced integration allows both the parties to support and empower dairy farmers across the world and make them more successful and happier.
  • In 2020, Merck & Co. Inc., announced the completion of its acquisition of IdentiGEN Ltd., one of the leading DNA-based animal traceability solutions for Livestock and Aquaculture to improve its livestock solution businesses.

Segments covered in the Report:

The global Livestock Monitoring market has been segmented on the basis of Offering, Livestock Type, Farm Size, Application and regions. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Livestock Type, the market is segmented into Cattle, Poultry, Swine, Equine, and Others. Based on Farm Size, the market is segmented into Small Farms, Med-sized Farms, and Large Farms. Based on Application the market is segmented into Milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behaviour Monitoring & Control, and Others. 

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Key questions answered in this research report:

• • At what pace is global Livestock Monitoring market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Livestock Monitoring market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Livestock Monitoring market?
  • Which Offering generated maximum revenues in 2021 and identify the most promising Offering during the forecast period?
  • What are the various Livestock Type areas of global Livestock Monitoring market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 1,450 Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Livestock Type, By Farm Size, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	GEA Group Aktiengesellschaft, DeLaval Inc., Afimilk Ltd., Nedap N.V., BouMatic, Merck & Co. Inc., DAIRYMASTER, Lely, Fancom BV, and Fullwood Packo, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Livestock Monitoring Market by Offering

• • Hardware
  • Software
  • Services

Global Livestock Monitoring Market by Livestock Type

• • Cattle
  • Poultry
  • Swine
  • Equine
  • Others

Global Livestock Monitoring Market by Farm Size

• • Small Farms
  • Med-sized Farms
  • Large Farms

Global Livestock Monitoring Market by Application

• • Milk Harvesting Management
  • Breeding Management
  • Feeding Management
  • Heat Stress Management
  • Animal Comfort Management
  • Behaviour Monitoring & Control
  • Others

Global Livestock Monitoring Market by Region

• • North America Livestock Monitoring Market (Option 1: As a part of the free 25% customization)
    • By Offering
    • By Livestock Type
    • By Farm Size
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Livestock Monitoring Market (Option 2: As a part of the free 25% customization)
    • By Offering
    • By Livestock Type
    • By Farm Size
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Livestock Monitoring Market (Option 3: As a part of the free 25% customization)
    • By Offering
    • By Livestock Type
    • By Farm Size
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Livestock Monitoring Market (Option 4: As a part of the free 25% customization)
    • By Offering
    • By Livestock Type
    • By Farm Size
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Livestock Monitoring (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • GEA Group Aktiengesellschaft
  • DeLaval Inc.
  • Afimilk Ltd.
  • Nedap N.V.
  • BouMatic
  • Merck & Co. Inc.
  • DAIRYMASTER
  • Lely
  • Fancom BV
  • Fullwood Packo