Global Livestock Monitoring Market

Livestock Monitoring Market Size, Share, Growth Analysis, By Offering (Hardware, Software), By Livestock Type (Cattle, Poultry), By Sector, By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35G2298 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 89 | Figures: 71

Livestock Monitoring Market Dynamics

Drivers

Early Disease Identification and Real-Time Monitoring:

  • The progress in sensor technology has made it possible for farmers to identify animal diseases early on and respond appropriately. Monitoring livestock costs can be decreased by implementing advanced sensing systems. Real-time information is provided via sensors and smart tags connected to animals, which assist farmers in taking preventative and remedial measures.

Increase in Swine, Poultry, and Dairy Farms:

  • The increasing population of the world has led to substantial increase in number of pig, poultry and dairy farms globally to meet the high demand for meat and dairy products. The world's increasing need for dairy products, including butter, cheese, curd, and yoghurt, has led to a growing demand for livestock monitoring systems, which is largely due to this increased number of dairy cattle.

Restraints

High Price of Solutions for Livestock Monitoring:

  • The primary barrier to the market's expansion is the high cost of livestock monitoring systems. For successful use and implementation of these systems, effective farming implements, knowledgeable farmers and massive investments are needed. The installation of herd management software and monitoring and sensing devices is associated with high initial and ongoing expenses related to livestock monitoring systems.

Concerns about the Environment, Including Global Warming:

  • An unfavourable environmental impact is possible due to the extensive environmental footprint of livestock husbandry. Between 14 and 15% of the greenhouse gas emissions caused by human activity and the root cause of global warming are attributed to livestock raising. Manure from animals has the potential to seriously damage streams and disturb the nitrogen cycle.
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FAQs

Global Livestock Monitoring Market size was valued at around USD 1.60 billion in 2022 and is expected to rise from USD 1.78 billion in 2023 to reach a value of USD 4.09 billion by 2031, at a CAGR of 11% over the forecast period (2024–2031).

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. 'Afimilk Ltd. (Israel) ', 'DeLaval (Sweden) ', 'BouMatic (USA) ', 'Zoetis (USA) ', 'Lely (Netherlands) ', 'Moocall (Ireland) ', 'GEA Group Aktiengesellschaft (Germany) ', 'Fullwood Packo (UK) ', 'Dairymaster (Ireland) ', 'Fancom BV (Netherlands) ', 'Nysbys (Sweden) ', 'PsiBorg Technologies Pvt. Ltd. (India) ', 'Boehringer Ingelheim (Germany) ', 'Allflex Livestock Intelligence (USA) ', 'Nedap N.V. (Netherlands) ', 'Gallagher Group Limited (New Zealand) ', 'SCR Dairy (Israel) ', 'HerdInsights (Ireland) ', 'SenseHub (Switzerland)'

The progress in sensor technology has made it possible for farmers to identify animal diseases early on and respond appropriately. Monitoring livestock costs can be decreased by implementing advanced sensing systems. Real-time information is provided via sensors and smart tags connected to animals, which assist farmers in taking preventative and remedial measures.

Rising Adoption of IoT and AI Technologies: The global livestock monitoring market is changing as a result of the convergence of AI and IoT technologies. For IoT devices, real-time animal health and environmental factors monitoring is possible, while for AI-driven analytics, actionable insights for better herd management can be derived. The wide adoption of these technologies in the industry is due to increased production, reduced labor costs and better animal healthcare.

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.

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Global Livestock Monitoring Market

Report ID: SQMIG35G2298

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