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Smart Ear Tags Market Size - By Type (Plastic and Metal), By Application (Livestock, Pets, Endangered species) & Region – Forecasts By 2023-2033

  • PUBLISHED ON
  • 2023-08-09
  • NO OF PAGES
  • 239
  • CATEGORY
  • Electronics & Communication

Market – Overview

Smart Ear Tags Market was valued at USD 1,450 million in 2022 and is estimated to reach a value of USD 5,145 million by 2033 with a CAGR of 10.15% during the forecast period.

The smart ear tag builds on years of our research in livestock production and long-term sensing and tracking. An ear tag is a plastic or metal object used for the identification of domestic livestock and other animals. If the ear tag uses Radio Frequency Identification Device (RFID) technology it is referred to as an electronic ear tag. It features geo-location for greater traceability and provenance of livestock and will provide a platform for other possible applications in the future.


Report Scope

Report Attributes

Description

Market Size in 2022

USD 1,450 Million

Market Forecast in 2033

USD 5,145 Million

CAGR % 2023-2033

10.15%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type and Application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Smartrac, VOX Telecommunications (Pty) Ltd., Afimilk Agricultural Cooperative Ltd., Smartbow, Pixobot, Inc. (Quantified, AG.) and Others.


The increasing farmer’s importance for smart ear tags in order to trace the temperature and activity patterns of the animals is the factor that is estimated to boost the growth of the market during the forecast period. 

The growing number of agricultural startups in the recent period is also a factor that is driving the growth of the market during the forecast period. The startups are focusing on building reliable agri-tech products to ensure the safety of animals and this factor is also estimated to play a deciding role in the growth of the market.

Smart ear tags lower the risk and operating spending and increase the performance and help with traceability. Based on the end of the tagging, an animal can be tagged on one ear or both. These features of the product are estimated to drive the growth of the market during the forecast period.


Smart Ear Tags Market – Key Trends

An increasing number of agro-tech startups to boost the market

The growing number of agricultural startups in the recent period is also a factor that is driving the growth of the market during the forecast period. The startups are focusing on building reliable agri-tech products to ensure the safety of animals and this factor is also estimated to play a deciding role in the growth of the market.


Higher costs of these products hinder the growth of the market

Being new to the market these products may appear to be on the higher side of the pricing. Thus, the small and medium-scale farmers may not be able to afford it during the initial phase of its launching. This factor is estimated to hinder the growth of the market.

Smart Ear Tags Market – Segmental Assessment

Smart ear tags are increasingly being used for livestock monitoring purposes as they provide real-time information on the health, location, and behavior of livestock animals. The demand for livestock monitoring using smart ear tags is driven by various factors.

One of the major drivers is the increasing adoption of precision livestock farming practices, which aim to optimize animal production and welfare by using advanced technologies, including smart ear tags. The use of smart ear tags enables farmers to monitor and track individual animals' performance, detect diseases, and improve their overall health and wellbeing.

Moreover, the growing concern for animal welfare and the increasing focus on the safety and quality of food products has led to the adoption of smart ear tags in the livestock industry. The use of smart ear tags helps farmers to identify and isolate sick animals, prevent the spread of diseases, and reduce the need for antibiotics.

In addition, the advancements in wireless communication technologies, the development of cloud-based data management systems, and the decreasing cost of sensors and electronic devices have made it easier and more cost-effective for farmers to implement smart ear tags for livestock monitoring purposes.

Overall, the demand for smart ear tags for livestock monitoring is expected to continue to grow in the coming years, driven by the increasing adoption of precision livestock farming practices, the focus on animal welfare and food safety, and the advancements in technology.

Smart Ear Tags Market – Geographical Landscape

It is estimated for the Asia Pacific region to witness immense growth in the market. The region is expected to grow at a healthy CAGR during the forecast period. The market in Europe is projected to grow at a stable CAGR during the forecast period. The growing agriculture in the area of Asia Pacific region is estimated to drive the growth of the market during the forecast period.

Europe is one of the largest markets for smart ear tags for livestock monitoring. The demand for smart ear tags in Europe is driven by various factors.

One of the major drivers is the increasing adoption of precision livestock farming practices, which aim to optimize animal production and welfare by using advanced technologies, including smart ear tags. The use of smart ear tags enables farmers to monitor and track individual animals' performance, detect diseases, and improve their overall health and wellbeing. Moreover, the European Union's animal welfare regulations and guidelines promote the use of advanced technologies to monitor and ensure the welfare of livestock animals.

The growing concern for animal welfare and the increasing focus on the safety and quality of food products has also led to the adoption of smart ear tags in the livestock industry in Europe. The use of smart ear tags helps farmers to identify and isolate sick animals, prevent the spread of diseases, and reduce the need for antibiotics, thereby contributing to the production of high-quality and safe food products.

In addition, the advancements in wireless communication technologies, the development of cloud-based data management systems, and the decreasing cost of sensors and electronic devices have made it easier and more cost-effective for farmers in Europe to implement smart ear tags for livestock monitoring purposes.

Overall, the demand for smart ear tags for livestock monitoring in Europe is expected to continue to grow in the coming years, driven by the increasing adoption of precision livestock farming practices, the focus on animal welfare and food safety, and the advancements in technology.

Smart Ear Tags Market – Competitive Hierarchy

The key players in the market include Smartrac, VOX Telecommunications (Pty) Ltd., Afimilk Agricultural Cooperative Ltd., Smartbow, Pixobot, Inc. (Quantified, AG.) and so on.


By Type

• Plastic

• Metal


By Application

• Livestock

• Pet

• Endangered Animals

• Others


Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA

1.     Global Smart Ear Tags Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Smart Ear Tags Market Definition & Description

1.3.  Global Smart Ear Tags Market Scope and Market Estimation

1.3.1.     Global Smart Ear Tags Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Smart Ear Tags Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Type of Global Smart Ear Tags Market

1.4.2.     Application of Global Smart Ear Tags Market

1.4.3.     Region of Global Smart Ear Tags Market

 

2.     Executive Summary

2.1.  Global Smart Ear Tags Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Smart Ear Tags Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.     Global Smart Ear Tags Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4.     Global Smart Ear Tags Market Estimates & Forecast Trend Analysis, by Type

4.1.  Global Smart Ear Tags Market Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2023 to 2033

4.1.1.     Plastic

4.1.2.     Metal

 

5.     Global Smart Ear Tags Market Estimates & Forecast Trend Analysis, by Application

5.1.  Global Smart Ear Tags Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Livestock

5.1.2.     Pet

5.1.3.     Endangered Animals

            

6.     Global Smart Ear Tags Market Estimates & Forecast Trend Analysis, by Region

6.1.  Global Smart Ear Tags Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.     North America

6.1.2.     Europe

6.1.3.     Asia Pacific

6.1.4.     Middle East & Africa

6.1.5.     South America

 

7.     North America Smart Ear Tags Market: Estimates & Forecast Trend Analysis

7.1.  North America Smart Ear Tags Market Assessments & Key Findings

7.1.1.     North America Smart Ear Tags Market Introduction

7.1.2.     North America Smart Ear Tags Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By Application

7.1.2.3.  By Country

7.1.2.3.1.   The U.S.

7.1.2.3.2.   Canada

7.1.2.3.3.   Mexico

 

8.     Europe Smart Ear Tags Market: Estimates & Forecast Trend Analysis

8.1.  Europe Smart Ear Tags Market Assessments & Key Findings

8.1.1.     Europe Smart Ear Tags Market Introduction

8.1.2.     Europe Smart Ear Tags Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By Application

8.1.2.3.      By Country

8.1.2.3.1.   Germany

8.1.2.3.2.   U.K.

8.1.2.3.3.   France

8.1.2.3.4.   Italy

8.1.2.3.5.   Spain

8.1.2.3.6.   Russia

8.1.2.3.7.   Rest of Europe

 

9.     Asia Pacific Smart Ear Tags Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Smart Ear Tags Market Introduction

9.1.2.     Asia Pacific Smart Ear Tags Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.      By Type

9.1.2.2.      By Application

9.1.2.3.      By Country

9.1.2.3.1.   China

9.1.2.3.2.   Japan

9.1.2.3.3.   India

9.1.2.3.4.   Australia

9.1.2.3.5.   South Korea

9.1.2.3.6.   ASEAN

9.1.2.3.7.   Rest of Asia Pacific

 

10.  Middle East & Africa Smart Ear Tags Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Smart Ear Tags Market Introduction

10.1.2.  Middle East & Africa Smart Ear Tags Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.   By Application

10.1.2.3.   By Country

10.1.2.3.1.              U.A.E.

10.1.2.3.2.              Saudi Arabia

10.1.2.3.3.              Egypt

10.1.2.3.4.              South Africa

10.1.2.3.5.              Rest of Middle East & Africa

 

11.  South America Smart Ear Tags Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Smart Ear Tags Market Introduction

11.1.2.  South America Smart Ear Tags Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.   By Type

11.1.2.2.   By Application

11.1.2.3.   By Country

11.1.2.3.1.            Brazil

11.1.2.3.2.            Argentina

11.1.2.3.3.            Colombia

11.1.2.3.4.            Rest of South America

 

12.  Competition Landscape

12.1. Global Smart Ear Tags Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Smart Ear Tags Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.    Smartrac

13.1.1.     Company Overview & Key Stats

13.1.2.     Financial Performance & KPIs

13.1.3.     Product Portfolio

13.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    VOX Telecommunications (Pty) Ltd.

13.3.    Afimilk Agricultural Cooperative Ltd.

13.4.    Smartbow

13.5.    Pixobot Inc.(Quantified AG.)

13.6.    Others**

 

14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs

 

15.  Research Findings & Conclusion 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

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

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

Global smart ear tags market was valued at USD 1,450 million in 2022 and is estimated to reach a value of USD 5,145 million by 2033 with a CAGR of 10.15% during the forecast period.

What are the drivers shaping various markets?

One of the major drivers is the increasing adoption of precision livestock farming practices, which aim to optimize animal production and welfare by using advanced technologies, including smart ear tags.

Who are the key competitors of market Players?

Some of the major players operating within the market are Smartrac, VOX Telecommunications (Pty) Ltd., Afimilk Agricultural Cooperative Ltd., Smartbow, Pixobot, Inc. (Quantified, AG.) and so on.

What are the top performing segments, and countries / regions of each of the markets?

Europe is one of the largest markets for smart ear tags for livestock monitoring. The demand for smart ear tags in Europe is driven by various factors.

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