Key Market Insights

"Rapid Growth in Sensor Technology expected to uplift the Global Livestock Monitoring Market"

The global livestock monitoring market was valued at US$ 1.83 Bn in the year 2021 and is expected to reach US$ 4.55 Bn by the year 2030, expanding at a CAGR of 10.7% during the forecast from 2023 to 2030.

Developments in sensor technology that have taken place and that is in progress, will make available increasing amounts of information relevant to monitoring animals and their environment, and hence their production, growth, and health. Furthermore, a tracking system helps livestock producers overcome the challenges of scale increases while ensuring their animals’ well-being. Instead of relying solely on farmers' senses and knowledge, on-site tracking sensors can provide reliable data about the location and physical condition of the animals. Whether the farmer is concerned with automatic feeding, sorting and separating, or weighing – all of the information needed for managing the animals individually is available in real-time.

The solution supports optimal livestock performance by providing the exact amount of feed for each animal based on its body weight and activity level. Implementing this system enables having the control to help the animals maintain optimal body condition. In cases of anomalous development (e. g. loss of weight, decreasing activity level), affected animals can be isolated in order to be treated and fed individually. Quarantining animals that have been in contact with sick animals helps to minimize the cases of illness and medication expenses.

Market Synopsis

Offering Analysis

Hardware Component dominated the Global Livestock Monitoring Market in 2021

In 2021, hardware held the largest size of the livestock monitoring market due to the increasing adoption of hardware devices such as RFID, sensors, smart cameras, and GPS technology on livestock farms. The data collected through these devices alert farmers on reproduction, healthy feeding, and the wellbeing of the animals. Technological advancements in software and services used in livestock monitoring management systems are also propelling market growth since the past few years. 

Regional Analysis

"The Asia Pacific seeks Opportunistic Growth during the Forecast Period"

The livestock monitoring market in APAC is expected to grow at the highest CAGR during the forecast period. The population expansion in the region’s developing countries is mounting pressure on the suppliers of livestock products to become more efficient and productive, thus pushing the sales of livestock monitoring solutions upward. The rising penetration of IoT in the animal monitoring application also boosts the growth of this market. Some other factors driving the demand for livestock monitoring systems are an increase in size and number of dairy farms, new product launches for livestock management, development of sensors, which can gather a wide range of information, and demand for cost savings associated with livestock monitoring, & management.

Key Players & Competitive Landscape:

• The Global Livestock Monitoring Market is a Highly Competitive Market with Presence of Large Number of Players
• The global livestock monitoring market is a fragmented market with the presence of large number of small and large players.

List of Companies Covered:

• GEA Farm Technologies
• DeLaval
• Afimilk Ltd.
• BouMatic LLC
• Antelliq Corporation
• Dairymaster Ltd.
• Lely International NV
• Fancom BV
• Fullwood Packo Ltd.
• Nedap NV
• Hokofarm-Group BV
• Valley Agriculture Software
• Sum-It Computer Systems Ltd.
• Sensaphone
• HID Global Corporation

Key Industry Development:

• On November 06, 2019, Allflex Livestock Intelligence today announced the dedication of new manufacturing, packaging, and warehousing facility in Gurugram, India, for the manufacture of animal identification visual ear tags for India and export to other countries in the Asia Pacific Region. The company’s animal identification business develops and markets visual ear tags (VID) that contain printed identification numbers unique to the animal or the farm, helping dairy farmers and producers track animal traceability and proof of ownership as well as comply with government regulations.
• On October 18, 2017, Maia Technology and Agersens had signed a partnership agreement to create a system to increase the productivity, profitability, and sustainability of livestock producers – and have signed a Memorandum of Understanding. With Agersens building their product on the Maia Technology platform, the two companies will deliver the world’s first fully automated holistic grazing system that will revolutionize livestock farming globally.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Livestock Monitoring market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Livestock Monitoring market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Livestock Monitoring market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Livestock Monitoring market?
• Which is the largest regional market for Livestock Monitoring market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Livestock Monitoring market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Livestock Monitoring market worldwide?