Livestock Monitoring Market Size, Industry Analysis By Type (Cattle, Poultry, Swine, Equine), By Application (Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Health Monitoring Management), By End-User(Agriculture Start-up, Dairy Farms, Cattle Farms) & Region - Forecasts
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 227
- CATEGORY
- Information Communication & Technology
Global Livestock Monitoring Market Analysis by Component, Livestock Type, Application, End-User, Region and segments forecast till 2033
Market Overview
The livestock monitoring market Is projected to be worth USD 1,600 million in 2022 and is anticipated to reach USD 3,700 million by 2033, growing at a CAGR of 11.0%.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 1,600 million |
Market Forecast in 2033 | USD 3,700 million |
CAGR % 2023-2033 | 11.0% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | DeLaval, Telit, Cattle Care Inc., Cattle Eye Ltd., dol-sensors A/S, Afimilk Ltd., Jaguza Farm, HerdX, Nedap Livestock Management, Nedap N.V., Fancom BV, Valley Agricultural Software, Cainthus, BouMatic, ENGS Systems, CowManager B.V., Allflex Livestock Intelligence, Astrocast, Connecterra B.V., Merck Animal Health, Rancheyes, Infosys Limited, Keymakr Inc., Bou Matic LLC, Onsight247.com, Luda.farm, Dairymaster, HerdInsights, Zoetis and Others. |
Global Livestock Monitoring Market- Description
The livestock industry is widely spread, and therefore it is important to keep track of livestock and other farm animals. A Livestock monitoring system is a thorough solution designed and developed using sensors, GPS, etc. and coalescing all these with a network protocol for communication. This monitoring system helps the farmers to keep a check on their farm animals remotely. The tracker device can be hitched to collars and can keep track of animal health, chewing patterns, location details, pasture management, etc.
The Livestock monitoring system not only helps in managing farm animals but also other farm equipment. The use of sensors on livestock, where the data is sent to a central unit for monitoring, is an implementation known as Wireless Sensor Network.
Stimulating focus on real-time monitoring and early disease detection, growing prevalence of IoT and AI for livestock monitoring, rising command for meat globally and cost-saving achieved through the adoption of livestock monitoring solutions are some of the key elements driving the market growth. The supply chain disarranging caused by the pandemic have slightly impacted the shipments of hardware components. The market had seen a downfall in shipments for the first three quarters of 2020. However, the market witnessed momentum in the last quarter of 2020 amid the relaxation of lockdowns.
Moreover, the need for remote monitoring of livestock, labour restrictions on farms and the increasing labour costs are expected to drive the market growth for livestock monitoring software. The market witnessed a gradual recovery in 2021 and is expected to witness a robust growth from 2022.
Key Trends of Global Livestock Monitoring Market:
· Increasing Focus On Real-Time Monitoring and Early Disease Detection
The evolution in sensor technology has authorized farmers to detect diseases in animals at the earliest and take necessary precautions and actions. Adopting advanced sensing technologies lessen the cost incurred for livestock monitoring. These technologies not only help farmers in collecting real-time data related to animals’ health and general behaviour, including their feeding behaviour, food and water quality, biosecurity, hygiene levels, etc., but also help in identifying and tracking the animals’ location accurately. For instance, rumination monitoring systems help curb mastitis and ketosis in animals, while heat detection systems enable timely identification and isolation of animals with diseases. The availability of sensors and smart tags at optimum prices has led to a surge in demand for advanced monitoring systems for livestock.
· Global Warming and Other Environmental Concerns
Livestock farming has environmental footprint and has the potential to disapprovingly impact the environment. Livestock farming contributes to about 14 to 15% of the man-made greenhouse gas emissions that are causing the global warming. Animal manure can notably wreck the nitrogen cycle or contaminate waterways. It contributes to land and water contamination, biodiversity loss, acid rain, coral reef degeneration, and deforestation. The livestock sector already uses about 10% of the global agricultural land and 8% of the total available freshwater. It is also majorly responsible for deforestation and biodiversity loss and contributes to 15% of global CO2 emissions.
Segmental Analysis Of Global Livestock Monitoring Market:
Based On Component:
• Hardware
o Sensors
o GPS
o Injectable Tags
o RFID Tags
o Others
• Software
o On-cloud
o On-premise
• Services
The growing adoption of hardware devices such as smart tags, sensors, camera-based systems, and GPS devices in livestock farms is a key factor driving the market growth. The other factors contributing to the market growth of the hardware market include the increase in average herd size and the number of livestock farms globally, advancements in sensor technologies, and the need to achieve cost savings.
Based On Livestock Type:
• Cattle
• Poultry
• Swine
• Equine
• Others
Based On Application:
• Milk Harvesting Management
• Heat Detection Monitoring
• Feeding Management
• Health Monitoring Management
• Heat Stress Management
• Sorting and Weighing Management
• Others
Advanced feeding management solutions are used to formulate diet plans and ensure that the nutrients in the feed match the nutrient requirement of the herd. Advanced feeding management solutions help in formulating and updating diets regularly to ensure the supply of adequate nutrients and avoid overfeeding and fluctuations in milk production.
Based On End-User:
• Agriculture Start-up
• Dairy Farms
• Cattle Farms
• Others
RFID systems not only help farmers accurately locate individual animals but also provide alerts in case of behavioural changes that may be a sign of injury or illness. Many governments globally imposed stringent regulations for the compulsory tagging of cattle, thereby driving the market growth for cattle.
Global Livestock Monitoring Market: Geographical Analysis
The global livestock monitoring market segment is further dived into three major countries namely, North America, Europe and Asia-Pacific.
Asia Pacific is projected to register the highest growth during the forecast period. Rapid population growth in the emerging economies of the region and the adequate rise in the demand for meat and dairy products is putting pressure on the suppliers of livestock products to become more efficient and productive, thus augmenting the sales of livestock monitoring solutions upward. The growing adoption of advanced technologies such as AI and IoT for animal monitoring applications is also expected to drive market growth in this region.
Global Livestock Monitoring Market- Recent Developments
· In March 2023, Allflex Livestock Intelligence, a global leader in animal monitoring solutions, announced the launch of a new wearable device for monitoring the health and performance of dairy cows. The device uses advanced sensors and machine learning algorithms to track key metrics such as milk yield, rumination, and activity levels.
· In February 2023, DeLaval, a leading supplier of dairy farming solutions, announced the acquisition of a stake in Connecterra, a Dutch company that specializes in AI-powered livestock monitoring systems. The partnership is expected to accelerate the development and commercialization of innovative solutions for dairy farming.
Global Livestock Monitoring Market: Company Profiles
· DeLaval
· Telit
· Cattle Care Inc.
· Cattle Eye Ltd.
· dol-sensors A/S
· Afimilk Ltd.
· Jaguza Farm
· HerdX
· Nedap Livestock Management
· Nedap N.V.
· Fancom BV
· Valley Agricultural Software
· Cainthus
· BouMatic
· ENGS Systems
· CowManager B.V.
· Allflex Livestock Intelligence
· Astrocast, Connecterra B.V.
· Merck Animal Health
· Rancheyes
· Infosys Limited
· Keymakr Inc.
· Bou Matic LLC
· Onsight247.com
· Luda.farm
· Dairymaster
· HerdInsights
· Zoetis
· Others
Global Livestock Monitoring Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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1. Global Livestock Monitoring Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Livestock Monitoring Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Livestock Monitoring Market Scope and Market Estimation
1.4.1. Global Livestock Monitoring Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Livestock Monitoring Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Livestock Monitoring Market Segmentation
1.5.1. Component of Global Livestock Monitoring Market
1.5.2. Livestock Type of Global Livestock Monitoring Market
1.5.3. Application of Global Livestock Monitoring Market
1.5.4. End User of Global Livestock Monitoring Market
1.5.5. Key Regions of Global Livestock Monitoring Market
2. Global Livestock Monitoring Market - Executive Summary
2.1. Global Livestock Monitoring Market – Summary & Snapshot
2.2. Global Livestock Monitoring Market, By Component (Us$ Million)
2.3. Global Livestock Monitoring Market, By Livestock Type (Us$ Million)
2.4. Global Livestock Monitoring Market, By Application (Us$ Million)
2.5. Global Livestock Monitoring Market, By End User (Us$ Million)
2.6. Global Livestock Monitoring Market, By Geography (Us$ Million)
2.7. Global Livestock Monitoring Market Outlook & Future Opportunities
3. Livestock Monitoring Market Trends, Outlook, and Factors Analysis
3.1. Global Livestock Monitoring Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Livestock Monitoring Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Livestock Monitoring Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Real-time monitoring and early disease identification are becoming more important.
3.2.1.2. Adoption of technology among farmers for herd management and more milk production.
3.2.2. Restraints
3.2.2.1. The Solutions for livestock monitoring are expensive.
3.2.3. Opportunities
3.2.3.1. Significant increase in the number of dairy, poultry, and swine farms globally.
3.2.3.2. The Adoption of RFID Tags for beef farms.
3.2.3.3. Increased Rapid innovation and increasing research and technology.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Livestock Monitoring Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Livestock Monitoring Market
3.9.1. By Component
3.9.2. By Livestock Type
3.9.3. By Application
3.9.4. By End User
3.9.5. By Regions
4. Global Livestock Monitoring Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Livestock Monitoring Market, 2020 – 2021 (Us$ Million)
4.2. Global Livestock Monitoring Market, By Component, 2020 To 2021 (Us$ Million)
4.3. Global Livestock Monitoring Market, By Livestock Type, 2020 To 2021 (Us$ Million)
4.4. Global Livestock Monitoring Market, By Application, 2020 To 2021 (Us$ Million)
4.5. Global Livestock Monitoring Market, By End User, 2020 To 2021 (Us$ Million)
4.6. Global Livestock Monitoring Market, By Region, 2020 To 2021 (Us$ Million)
5. Global Livestock Monitoring Market Estimates & Forecast Trend Analysis, by Component
5.1. Global Livestock Monitoring Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
5.2. Global Livestock Monitoring Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033
5.2.1. Hardware
5.2.1.1. Sensors
5.2.1.2. GPS
5.2.1.3. RFID Tags
5.2.1.4. Injectable Tags
5.2.1.5. Others
5.2.2. Software
5.2.2.1. On Cloud
5.2.2.2. On Premise
5.2.3. Services
6. Global Livestock Monitoring Market Estimates & Forecast Trend Analysis, by Livestock Type
6.1. Global Livestock Monitoring Market Share (%) Estimates and Forecasts, By Livestock Type, 2022 & 2033
6.2. Global Livestock Monitoring Market Revenue (US$ Million) Estimates and Forecasts, by Livestock Type, 2022 to 2033
6.2.1. Cattle
6.2.2. Poultry
6.2.3. Swine
6.2.4. Equine
6.2.5. Others
7. Global Livestock Monitoring Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Livestock Monitoring Market Share (%) Estimates and Forecasts, By Application, 2022 & 2033
7.2. Global Livestock Monitoring Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
7.2.1. Milk Harvesting Management
7.2.2. Heat Detection Monitoring
7.2.3. Feeding Management
7.2.4. Heat Stress Management
7.2.5. Health Monitoring Management
7.2.6. Sorting and Weighing Management
7.2.7. Others
8. Global Livestock Monitoring Market Estimates & Forecast Trend Analysis, by End User
8.1. Global Livestock Monitoring Market Share (%) Estimates and Forecasts, By End User, 2022 & 2033
8.2. Global Livestock Monitoring Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033
8.2.1. Agricultural Startup
8.2.2. Dairy Farms
8.2.3. Cattle Farms
8.2.4. Others
9. Global Livestock Monitoring Market Analysis and Forecast, by Region
9.1. Global Livestock Monitoring Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
9.2. Global Livestock Monitoring Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. Latin America
10. North America Livestock Monitoring Market: Estimates & Forecast Trend Analysis
10.1. North America Livestock Monitoring Market Assessments & Key Findings
10.2. North America Livestock Monitoring Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America Livestock Monitoring Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
10.3.1. By Component
10.3.2. By Livestock Type
10.3.3. By Application
10.3.4. By End User
10.3.5. By Major Country
10.3.5.1. The U.S.
10.3.5.2. Canada
11. Europe Livestock Monitoring Market: Estimates & Forecast Trend Analysis
11.1. Europe Livestock Monitoring Market Assessments & Key Findings
11.2. Europe Livestock Monitoring Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe Livestock Monitoring Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Component
11.3.2. By Livestock Type
11.3.3. By Application
11.3.4. By End User
11.3.5. By Major Country
11.3.5.1. Germany
11.3.5.2. The U.K.
11.3.5.3. France
11.3.5.4. Italy
11.3.5.5. Spain
11.3.5.6. Rest of Europe (includes all other European countries)
12. Asia Pacific Livestock Monitoring Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific Livestock Monitoring Market Assessments & Key Findings
12.2. Asia Pacific Livestock Monitoring Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific Livestock Monitoring Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
12.3.1. By Component
12.3.2. By Livestock Type
12.3.3. By Application
12.3.4. By End User
12.3.5. By Major Country
12.3.5.1. China
12.3.5.2. Japan
12.3.5.3. India
12.3.5.4. ASEAN
12.3.5.5. South Korea
12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa Livestock Monitoring Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa Livestock Monitoring Market Assessments & Key Findings
13.2. Middle East & Africa Livestock Monitoring Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa Livestock Monitoring Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
13.3.1. By Component
13.3.2. By Livestock Type
13.3.3. By Application
13.3.4. By End User
13.3.5. By Major Country
13.3.5.1. GCC
13.3.5.2. South Africa
13.3.5.3. Egypt
13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. Latin America Livestock Monitoring Market: Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments & Key Findings
14.2. Latin America Livestock Monitoring Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Latin America Livestock Monitoring Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Component
14.3.2. By Livestock Type
14.3.3. By Application
14.3.4. By End User
14.3.5. By Major Country
14.3.5.1. Brazil
14.3.5.2. Mexico
14.3.5.3. Rest of Latin America (includes all other Latin America countries)
15. Competitive Landscape
15.1. Livestock Monitoring Market Revenue Share Analysis (%), By Major Players (2021)
15.2. Livestock Monitoring Market Competition Matrix, By Leading Players
15.3. Livestock Monitoring List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
16. Company Profiles
16.1. Allflex Livestock Intelligence
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. DeLaval
16.3. Telit
16.4. Cattle Care Inc.
16.5. Cattle Eye Ltd.
16.6. dol-sensors A/S
16.7. Afimilk Ltd.
16.8. Jaguza Farm
16.9. HerdX
16.10. Nedap Livestock Management
16.11. Nedap N.V.
16.12. Fancom BV
16.13. Valley Agricultural Software
16.14. Cainthus
16.15. BouMatic
16.16. ENGS Systems
16.17. CowManager B.V.
16.18. Astrocast
16.19. Connecterra B.V.
16.20. Merck Animal Health
16.21. Rancheyes
16.22. Infosys Limited
16.23. Keymakr Inc.
16.24. Bou Matic LLC
16.25. Onsight247.com
16.26. Luda.farm
16.27. Dairymaster
16.28. HerdInsights
16.29. Zoetis
16.30. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top-Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Sources
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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