USD 1.78 Billion
Report ID:
SQMIG35G2298 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
89
|Figures:
71
Livestock Monitoring Market size was valued at USD 1.78 Billion in 2023 and is poised to grow from USD 1.98 Billion in 2024 to USD 4.54 Billion by 2032, growing at a CAGR of 11% during the forecast period (2025-2032).
Technological developments, growing support initiatives, a greater emphasis on preventative livestock monitoring, and expanding dairy and meat consumption are some of the key drivers anticipated to propel the market. The continuous technical improvements in the field of livestock monitoring are the main driving force behind this industry. Automated machinery, non-manual supervision, the rise of AI and cutting-edge technologies like drones are some of the numerous kinds of such advancements. The system enables access to veterinarians and also provides daily scans for farm animals together with detailed results. It improves farmer’s life, enhances their livestock’s quality of life and contributes to food security in their society through a promising development that has the potential to control growth, feeding practices and environmental conditions.
These innovations will bring about a significant change in the field of cattle management. These innovative techniques are a first step in improving animal welfare by protecting animals from diseases that can be avoided. This market is driven not only by the increasing technical improvements but also by the different support programs implemented by industry players to improve the monitoring of livestock animals such as pigs, poultry, and cattle. Due to this, it is projected that the market would expand significantly, driven by the rising demand for disease prevention and efficient livestock management. Advanced livestock monitoring systems will be developed and adopted more quickly if businesses, governments, and experts with the necessary training collaborate.
Global Market Size
USD 1.78 Billion
Largest Segment
Cattle
Fastest Growth
Poultry
Growth Rate
11% CAGR
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Global Livestock Monitoring Market is segmented by Offering, Livestock Type, Sector, Application and region. Based on Offering, the market is segmented into Hardware (Smart Tags (Ear Tags, Leg Tags, Neck Tags, and Bolus), Sensors (Temperature Sensors, Accelerometers, Motion Sensors, Environmental Humidity Sensors, and Others), Cameras, Gps, and Others) Software (Cloud-Based, Pc-Based, and AI & Data Analytics) and Services (Integration & Deployment Services, Managed Services, and Maintenance & Support Services). Based on Livestock Type, the market is segmented into Cattle, Poultry, Swine, Equine, and Others. Based on Sectors, the market is segmented into Dairy, Meat, and Other Sectors. Based on Application, the market is segmented into Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting & Weighing Management, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Animal Type
As per categorization by animal type, the market is classified as cattle and poultry. Among these, cattle earned the largest share and continue to dominate the market. At current, the main areas of innovation in livestock monitoring, particularly cattle, are advanced sensor technology, real-time data analytics and AI-driven health tracking. There is a large portion of this industry that focuses on cows as they are central to the production of milk and meat; hence consumption requires an effective management system which helps improve their health, operation and productivity.
In the forthcoming years, the most rapidly developing segment within the global livestock monitoring market will be poultry due to rising requirements for poultry goods, intensive production systems and need for disease control. With respect to this livestock branch, poultry producers use monitoring devices that track various aspects of chicken production with a goal of enhancing productivity and efficiency.
Analysis by Application
The global livestock monitoring market uses AI along with data analytics in feed management programs to optimise the use of feed and animal welfare. Such advancements are essential for maximising output and profitability that can result into commanding market share. They have simplified feeding routines, reduced wastage and improved their nutritional composition.
As breeding management apps can track genetics, improve breeding schedules, and increase reproductive efficiency, they are expected to grow at the quickest rate in the global livestock monitoring market. These instruments raise the production and quality of the herd, which makes them more and more essential in contemporary livestock operations.
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In the global livestock monitoring market, Europe stands out as the leader owing to its intricate network of agricultural technology, stringent regulations regarding animal welfare and huge investments in precision farming. With regard to efficiency and sustainability in farming, Europe has always been at the forefront of implementing modern systems for monitoring livestock. Through financing for R&D, this sector has become more robust with an increased use of precision farming methods that enable farmers to adopt digital technologies. This makes European agriculture a frontrunner due to its rapid uptake of advanced monitoring systems following EU rules aimed at environmental protection and food safety.
The rapid expansion of the global livestock monitoring market in North America can be attributed to the large and sophisticated technological agricultural sector there as well as significant investments towards innovation in agriculture. The application of IoT, AI, and data analytics to improve farm productivity with animal welfare is promoting swift growth of this industry. North America's emphasis on efficiency and sustainability is also in line with the increased adoption of smart farming technologies and precision farming practices. Further propelling the expansion of livestock monitoring technologies in North America are supportive government policies, the growing demand for animal protein, and the need for improved management techniques.
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Drivers
Early Disease Identification and Real-Time Monitoring:
Increase in Swine, Poultry, and Dairy Farms:
Restraints
High Price of Solutions for Livestock Monitoring:
Concerns about the Environment, Including Global Warming:
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The global livestock monitoring market is characterized by an array of players and substantial innovation in the competitive landscape. Leading global companies in animal health, tracking and management such as DeLaval, Allflex and Zoetis are at the forefront of the industry with their high-tech solutions. Such firms emphasize application of IoT, AI and data analytics to enhance livestock husbandry and production, driving growth and competitiveness within this industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the advancement in technology, a focus on preventive actions and growing demand for efficient management of livestock drive the global livestock monitoring market. The use of advanced sensor technologies, artificial intelligence and the Internet of Things all contribute to enhanced animal care and production as well as facilitate market growth. This market is expected to experience significant growth due to increased adoption of these technologies which will be driven by competitive forces and regional leadership. The sector will thrive and invest in better livestock production methods subsequently enhancing global food security through sustainable management and innovative technology.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.78 Billion |
Market size value in 2032 | USD 4.54 Billion |
Growth Rate | 11% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Livestock 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 Livestock 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Livestock Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Livestock 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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Report ID: SQMIG35G2298
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