USD 5.43 Billion
Livestock Monitoring Market Size, Share, Growth Analysis, By Animal Type (Cattle, Poultry), By Component (Sensors, GPS), By Application (Breeding Management, Feeding Management), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG35G2284 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
0
|Figures:
0
Livestock Monitoring Market Insights
Global Livestock Monitoring Market size was valued at USD 5.43 Billion in 2022 poised to grow from USD 6.39 Billion in 2023 to USD 23.43 Billion by 2031, growing at a CAGR of 17.63% in the forecast period (2024-2031).
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.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Poultry
Fastest Growth
Feeding Management
Growth Rate
17.63%
Global Livestock Monitoring Market ($ Bn)
Country Share by North America (%)
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Livestock Monitoring Market Segmental Analysis
The global livestock monitoring market is segmented based on Animal Type, Application, Component, Region. In terms of Animal Type, the market is segmented into Cattle and Poultry. Based on the Application, the market is grouped into Feeding Management, Heat Stress Management, Animal Comfort Management, Behavior Monitoring & Control, Milk Harvesting Management and Breeding Management. Based on the Component, the market is trifurcated into Hardware, Software and Services. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Analysis by Animal Type
As per categorization by animal type, the market is classified as cattle and poultry. Among these, cattle earned the largest share and continue to dominate the market. At current, the main areas of innovation in livestock monitoring, particularly cattle, are advanced sensor technology, real-time data analytics and AI-driven health tracking. There is a large portion of this industry that focuses on cows as they are central to the production of milk and meat; hence consumption requires an effective management system which helps improve their health, operation and productivity.
In the forthcoming years, the most rapidly developing segment within the global livestock monitoring market will be poultry due to rising requirements for poultry goods, intensive production systems and need for disease control. With respect to this livestock branch, poultry producers use monitoring devices that track various aspects of chicken production with a goal of enhancing productivity and efficiency.
Analysis by Application
The global livestock monitoring market uses AI along with data analytics in feed management programs to optimise the use of feed and animal welfare. Such advancements are essential for maximising output and profitability that can result into commanding market share. They have simplified feeding routines, reduced wastage and improved their nutritional composition.
As breeding management apps can track genetics, improve breeding schedules, and increase reproductive efficiency, they are expected to grow at the quickest rate in the global livestock monitoring market. These instruments raise the production and quality of the herd, which makes them more and more essential in contemporary livestock operations.
Global Livestock Monitoring Market By Animal Type (%)
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Livestock Monitoring Market Regional Insights
In the global livestock monitoring market, Europe stands out as the leader owing to its intricate network of agricultural technology, stringent regulations regarding animal welfare and huge investments in precision farming. With regard to efficiency and sustainability in farming, Europe has always been at the forefront of implementing modern systems for monitoring livestock. Through financing for R&D, this sector has become more robust with an increased use of precision farming methods that enable farmers to adopt digital technologies. This makes European agriculture a frontrunner due to its rapid uptake of advanced monitoring systems following EU rules aimed at environmental protection and food safety.
The rapid expansion of the global livestock monitoring market in North America can be attributed to the large and sophisticated technological agricultural sector there as well as significant investments towards innovation in agriculture. The application of IoT, AI, and data analytics to improve farm productivity with animal welfare is promoting swift growth of this industry. North America's emphasis on efficiency and sustainability is also in line with the increased adoption of smart farming technologies and precision farming practices. Further propelling the expansion of livestock monitoring technologies in North America are supportive government policies, the growing demand for animal protein, and the need for improved management techniques.
Global Livestock Monitoring Market By Geography
- Largest
- Fastest
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Livestock Monitoring Market Dynamics
Drivers
Early Disease Identification and Real-Time Monitoring:
- The progress in sensor technology has made it possible for farmers to identify animal diseases early on and respond appropriately. Monitoring livestock costs can be decreased by implementing advanced sensing systems. Real-time information is provided via sensors and smart tags connected to animals, which assist farmers in taking preventative and remedial measures.
Increase in Swine, Poultry, and Dairy Farms:
- The increasing population of the world has led to substantial increase in number of pig, poultry and dairy farms globally to meet the high demand for meat and dairy products. The world's increasing need for dairy products, including butter, cheese, curd, and yoghurt, has led to a growing demand for livestock monitoring systems, which is largely due to this increased number of dairy cattle.
Restraints
High Price of Solutions for Livestock Monitoring:
- The primary barrier to the market's expansion is the high cost of livestock monitoring systems. For successful use and implementation of these systems, effective farming implements, knowledgeable farmers and massive investments are needed. The installation of herd management software and monitoring and sensing devices is associated with high initial and ongoing expenses related to livestock monitoring systems.
Concerns about the Environment, Including Global Warming:
- An unfavourable environmental impact is possible due to the extensive environmental footprint of livestock husbandry. Between 14 and 15% of the greenhouse gas emissions caused by human activity and the root cause of global warming are attributed to livestock raising. Manure from animals has the potential to seriously damage streams and disturb the nitrogen cycle.
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Livestock Monitoring Market Competitive Landscape
The global livestock monitoring market is characterized by an array of players and substantial innovation in the competitive landscape. Leading global companies in animal health, tracking and management such as DeLaval, Allflex and Zoetis are at the forefront of the industry with their high-tech solutions. Such firms emphasize application of IoT, AI and data analytics to enhance livestock husbandry and production, driving growth and competitiveness within this industry.
Top Player’s Company Profiles
- Zoetis (USA)
- Allflex (France)
- DeLaval (Sweden)
- Merck Animal Health (USA)
- Cargill (USA)
- Elanco (USA)
- MSD Animal Health (Netherlands)
- Trimble Ag Software (USA)
- PDI (USA)
- Vetech (Germany)
- Nedap Livestock Management (Netherlands)
- GEA Group (Germany)
- FarmPlan (UK)
- BouMatic (USA)
- Lely Industries (Netherlands)
Recent Developments
- In August 2024, Zoetis launched a new platform to monitor livestock health called Zoetis Insights which will offer mechanisms for disease control and prediction. In order to enhance animal wellness and maximize herd management, this invention is aimed at equipping farmers with immediate information as well as pertinent knowledge.
- In July 2024, Allflex rolled out an advanced wearablin tag tech for measure precision farmin of animal. This new-fangled gadget allows farmers to notice health concerns before they cause any damage since it is capable of monitoring the valuable signs but also levels of activity that happen in real time hence enhancing total productivity of herds thus improving livestock husbandry.
- In September 2024, in the recent past, DeLaval revealed an innovative digital platform known as DeLaval InControl that automates milking operations as well as monitoring of the health of dairy cows with the use of artificial intelligence (AI) and Internet-of-Things (IoT) sensors. This new approach aims at enhancing the productivity and quality of milk by making available to dairy farmers vast amounts of information which can be used in personalizing their enterprises thereby reducing labor costs.
Livestock Monitoring Key Market Trends
- Rising Adoption of IoT and AI Technologies: The global livestock monitoring market is changing as a result of the convergence of AI and IoT technologies. For IoT devices, real-time animal health and environmental factors monitoring is possible, while for AI-driven analytics, actionable insights for better herd management can be derived. The wide adoption of these technologies in the industry is due to increased production, reduced labor costs and better animal healthcare.
- Increasing Focus on Sustainable Farming Practices: In the worldwide cattle observation commerce, methods for sustainable farming are rising in importance. An increasing amount of farmers are applying monitoring systems that function to preserve the environment such as that of reducing waste and optimizing feed efficiency. These methods not only increase operational effectiveness but also follow international trends that lessen cattle farming's negative environmental effects.
Livestock Monitoring Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the advancement in technology, a focus on preventive actions and growing demand for efficient management of livestock drive the global livestock monitoring market. The use of advanced sensor technologies, artificial intelligence and the Internet of Things all contribute to enhanced animal care and production as well as facilitate market growth. This market is expected to experience significant growth due to increased adoption of these technologies which will be driven by competitive forces and regional leadership. The sector will thrive and invest in better livestock production methods subsequently enhancing global food security through sustainable management and innovative technology.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.43 Billion |
| Market size value in 2031 | USD 23.43 Billion |
| Growth Rate | 17.63% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Livestock Monitoring Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Livestock Monitoring Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Livestock Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Livestock Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Livestock Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Livestock Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Livestock Monitoring Market Report Snapshots
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