Product ID: UCMIG35G2065
Livestock Monitoring Market Size, Share, Growth Analysis, By Animal Type(Cattle, Poultry), By Component(Hardware, Sensors), By Application(Milk Harvesting, Breeding Management), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG35G2065 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Livestock Monitoring Market Insights
Market Overview:
The size of the world market for livestock monitoring, which was $4.62 billion in 2021, is anticipated to increase at a compound annual growth rate (CAGR) of 17.63% from 2022 to 2030. This expansion can be attributable to both the rising cow population and the expanding use of livestock monitoring equipment. The huge cost savings connected to managing livestock monitoring is another factor driving use of these monitoring systems. The animal health business, like with many other industries, was significantly impacted by the COVID-19 pandemic brought on by the SARS-CoV-2 virus.
Livestock Monitoring Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Technology by segment aggregation, the contribution of the Health Care Technology in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Livestock Monitoring Market Report Snapshots
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