Report ID: SQMIG35G2298
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.
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Report ID: SQMIG35G2298