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Global Smart Ear Tags Market Overview
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. 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 farmers 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 factor played a pivotal role even during the previous forecast period of 2018 to 2021.
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.
Global 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.
Global 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.
Global 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.
Global 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.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
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
