USD 5.6 billion
Animal/Livestock Tracking & Monitoring Market Size, Share, Growth Analysis, By Component(Hardware (Sensors, GPS), Software (On Cloud, On Premise)), By Animal Type(Cattle, Poultry, Swine, Equine), By Application(Milk Harvesting, Breeding Management, Feeding Management, Animal Health Monitoring & Comfort), By End-User(Dairy Farm, Beef Farm, Sheep Farm, Deer Farm), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2211 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
128
|Figures:
82
Animal/Livestock Tracking & Monitoring Market Insights
Global Animal/ Livestock Tracking & Monitoring Market size was valued at USD 5.6 billion in 2022 and is poised to grow from USD 6.56 billion in 2023 to USD 23.36 billion by 2031, growing at a CAGR of 17.2% in the forecast period (2024-2031).
The demand for meat and dairy products is increasing due to the global population. In addition, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to be more productive and efficient. These devices give farmers and ranchers real-time data and insights that aid in spotting and treating health and behavioral issues.
The market growth is projected to be positively influenced by rapid innovation and increasing research and technology. Real-time monitoring of livestock has become available due to the invention of systems for doing so in developed economies. Farmers can now monitor the respiratory rate, blood pressure, temperature, pulse rate, and other bodily functions due to sensors. Moreover, GPS-enabled devices let the farmers track and find the grazing herd. Also, the IoT sensors track ill animals in the herd and optimize grazing patterns.
US Animal/Livestock Tracking & Monitoring Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Software Services
Growth Rate
17.2% CAGR
Global Animal/ Livestock Tracking & Monitoring Market ($ Bn)
Country Share for North America Region(%)
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Animal/Livestock Tracking & Monitoring Market Segmental Analysis
Global Animal/ Livestock Tracking & Monitoring Market is segmented based on Component, Animal Type, Application, End User and region. Based on Component the market is segmented into Hardware (Sensors, GPS), Software (On Cloud, On Premise), Services (Integration & Deployment, Maintenance & Support). Based on Animal Type the market is segmented into Cattle, Poultry, Swine, Equine, Others. Based on Application the market is segmented into Milk Harvesting, Breeding Management, Feeding Management, Animal Health Monitoring & Comfort, Heat Stress, Behaviour Monitoring, Other. Based on End user the market is segmented into Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, Goat and Pig Farm. Based on region the global Animal/ Livestock Tracking & Monitoring Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Animal/Livestock Tracking & Monitoring Market Analysis by Component
The hardware segment dominated the global market in 2021. The usage of hardware is anticipated to boost agricultural productivity and ease farmer difficulties. Many farmers who raise cattle are attracted by the reality that hardware technology is safe for the environment and animals. Throughout the hardware market, sensors, GPS, and other devices are further divided into segments.
The software market is projected to expand at the fastest rate of 17.9% during the projection period. A collection of integrated software programmers that can be used to monitor livestock makes up the software element. The user interfaces, characteristics, and abilities of these programmers are interconnected. Several companies utilize software to make life easier of collecting cattle data. For instance, Cainthus launched ALUS Nutrition as its first product in February 2021. Due to the customized technology, a producer can constantly keep an eye on the supply of feed. This technology has made it possible to change feeding regimens as necessary.
Animal/Livestock Tracking & Monitoring Market Analysis by Application
Feeding management was the segment that pulled the most revenue in 2021—more than 25.0%. Animals need constant access to food and water, and their living spaces must be maintained clean. Proper feeding and waste management are crucial for the health, comfort, and well-being of animals and also aid in the prevention of illness, disease, and parasites. The aforementioned elements help the segment's development as well.
The milk harvesting category is anticipated to grow at the significant CAGR during the projection period, at 18.25 %. In a dairy farm, manual milking is time-consuming and labor-intensive. Hence, IoT more successfully handled this issue by developing auto milking, reducing costs and the need for workers. The likelihood of the milk rotting when the weather is bad is high, but auto milking automatically prevents this with a number of specially developed cooling tanks.
Global Animal/ Livestock Tracking & Monitoring Market By Component
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Animal/Livestock Tracking & Monitoring Market Regional Insights
North America dominated the global market in 2021 due to its significant technological advances and higher internet penetration. The rising incidence of zoonotic diseases, which has raised the need for technology to track sick cattle, is expected to be the main drive of the North American market. According to the Food and Agriculture Organization of the United Nations, the United States generated 18.0% of the world's total output of poultry meat in 2020, putting it the largest producer in the world (UNFAO).
Asia Pacific is anticipated to see profitable growth throughout the anticipated period. Animal-based food consumption has risen from across Asia Pacific as a result of rising disposable income, shifting dietary preferences, growing populations, and rapid urbanization. Also, the region has consistently contributed to worldwide cattle production profits since the early 1900s, and it is anticipated that this tendency will continue during the forecast period.
Global Animal/ Livestock Tracking & Monitoring Market By Region
- Largest
- Fastest
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Animal/Livestock Tracking & Monitoring Market Dynamics
Animal/Livestock Tracking & Monitoring Market Drivers
Demand for meat and dairy products is increasing
- The demand for meat and dairy products is increasing in tandem with the global population. As a result, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to become more effective and productive.
Better animal welfare is needed
- Animal/livestock tracking and monitoring systems can aid in assuring that animals are treated humanely as there is a growing importance on animal welfare. These devices give farmers and ranchers real-time data and insights that aid in spotting and addressing behavioral and health issues.
Improved food safety
- The ability to trace meat and dairy products from farm to table is facilitated by animal/livestock tracking and monitoring systems, which is crucial for ensuring food safety.
Animal/Livestock Tracking & Monitoring Market Restraints
High execution cost of solutions in tracking and monitoring livestock and animals
- The market growth is now being restricted by the high cost of animal/livestock tracking and monitoring technologies. Moreover, the set-up and running costs for livestock monitoring solutions, including such sensing and monitoring equipment and herd management software, are very costly. Farmers also need to make significant expenditures in robotic equipment, GPS or RFID systems, control and automation equipment, and distribution trucks, all of which are expensive for small farmers due to high facility and maintenance costs. Consequently, the market growth is limited by the high cost of animal/livestock tracking and monitoring solutions.
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Animal/Livestock Tracking & Monitoring Market Competitive Landscape
The market for animal/livestock tracking and monitoring is growing quickly because of the need for better livestock management, disease prevention, and higher productivity. In this fiercely competitive market, a variety of companies are providing an extensive variety of goods and services.
Animal/Livestock Tracking & Monitoring Market Top Player’s Company Profiles
- Boumatic
- Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)
- Nedap N.V.
- Delaval
- Cowmanager B.V.
- Afimilk Ltd.
- Herdinsights (Subsidiary of Datamars)
- Engs Systems
- Smaxtec Animal Care GmbH
- Zoetis
- Sum-It Computer Systems
- Dairymaster
- Cainthus
- Serket
- Vas
- Fullwood Packo
- Gallagher Group Limited
- Moocall
- Stellapps Technologies
- Connecterra B.V.
- Hokofarm Group
- Icerobotics
- Faromatics
- Cowlar
- Sensaphone
Animal/Livestock Tracking & Monitoring Market Recent Developments
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In May 2023, Datamars, a leading Swiss global supplier of high-performance identification and data-based management solutions for the companion animal, livestock and textile markets, acquired Kippy S.r.l., the successful GPS tracker and activity monitoring solution for pets, as a natural expansion of its existing offering to pet owners globally.
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In March 2023, Smartbell, a Cambridge-based start-up specializing in tracking and environmental monitoring technology for calves and cattle, announced that it is developing a set of sensors that will continuously measure barn temperature, humidity and carbon and ammonia emmissions. This project is in collaboration with UK Universities of Reading, Cardiff, Essex and Writtle University College.
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In October 2022, Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. in Dublin, Ireland, announced that Mongolia-based Spotter has deployed over 12,000 animal-tracking collars based on SmartOne C and SPOT Trace. These satellite IoT devices are being used in Mongolia, Kazakhstan and Kyrgyzstan to track and safeguard horses, including high-value competitive racehorses.
Animal/Livestock Tracking & Monitoring Key Market Trends
- Demand for efficient livestock management is increasing: Farmers who raise animals are now under growing pressure to increase productivity, cut expenses, and safeguard the health of their animals. By offering real-time information on ethology, health, and productivity, tracking and monitoring technologies for livestock and animals can assist farmers in accomplishing these goals.
- Technological advance: More accurate and efficient tracking and monitoring of livestock is now feasible because to the development of IoT, AI, and other technologies. These tools can give farmers access to real-time information on the health, behavior, and environmental conditions of their livestock, allowing them to make better decisions and simplify their operations.
- Increasing emphasis on sustainability and animal welfare: Consumers are becoming more aware of the effects that their food choices have on the environment and the treatment of animals. As a result, there is an increase in demand for meat products that are produced sustainably and morally. Solutions for tracking and monitoring cattle and animals can assist farmers in meeting these needs by enhancing transparency and accountability throughout the food supply chain.
Animal/Livestock Tracking & Monitoring Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Animal/ Livestock Tracking & Monitoring market analysis, the demand for meat and dairy products is increasing in tandem with the global population. As a result, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to become more effective and productive. Furthermore, expected to open up new market opportunities are the adoption of IoT and AI technologies as well as the increased emphasis on sustainability. The market for tracking and monitoring livestock and animals is growing fast in such regions, particularly in Asia and Africa. This is brought on by both a rise in the demand for meat products in these areas and an increased interest in improving the efficiency and sustainability of livestock farming.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.6 billion |
| Market size value in 2031 | USD 23.36 billion |
| Growth Rate | 17.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Animal/Livestock Tracking & Monitoring Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Animal/Livestock Tracking & Monitoring Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Animal/Livestock Tracking & Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal/Livestock Tracking & Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal/Livestock Tracking & Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal/Livestock Tracking & Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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