Global Animal/ Livestock Tracking & Monitoring Market

Global Animal/Livestock Tracking & Monitoring Market Size, Share, Growth Analysis, By Component(Hardware (Sensors, GPS)), By Animal Type(Cattle, Poultry), By Application(Milk Harvesting, Breeding Management), By End-User(Dairy Farm, Beef Farm) - Industry Forecast 2024-2031

Report ID: SQMIG35G2211 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 128 | Figures: 82

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Global Animal/ Livestock Tracking & Monitoring Market size was valued at USD 5.6 billion in 2022 and is poised to grow from USD 6.56 billion in 2023 to USD 23.36 billion by 2031, growing at a CAGR of 17.2% in the forecast period (2024-2031).

The market for animal/livestock tracking and monitoring is growing quickly because of the need for better livestock management, disease prevention, and higher productivity. In this fiercely competitive market, a variety of companies are providing an extensive variety of goods and services. 'Boumatic', 'Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)', 'Nedap N.V.', 'Delaval', 'Cowmanager B.V.', 'Afimilk Ltd.', 'Herdinsights (Subsidiary of Datamars)', 'Engs Systems', 'Smaxtec Animal Care GmbH', 'Zoetis', 'Sum-It Computer Systems', 'Dairymaster', 'Cainthus', 'Serket', 'Vas', 'Fullwood Packo', 'Gallagher Group Limited', 'Moocall', 'Stellapps Technologies', 'Connecterra B.V.', 'Hokofarm Group', 'Icerobotics', 'Faromatics', 'Cowlar', 'Sensaphone'

The demand for meat and dairy products is increasing in tandem with the global population. As a result, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to become more effective and productive.

Demand for efficient livestock management is increasing: Farmers who raise animals are now under growing pressure to increase productivity, cut expenses, and safeguard the health of their animals. By offering real-time information on ethology, health, and productivity, tracking and monitoring technologies for livestock and animals can assist farmers in accomplishing these goals.

North America dominated the global market in 2021 due to its significant technological advances and higher internet penetration. The rising incidence of zoonotic diseases, which has raised the need for technology to track sick cattle, is expected to be the main drive of the North American market. According to the Food and Agriculture Organization of the United Nations, the United States generated 18.0% of the world's total output of poultry meat in 2020, putting it the largest producer in the world (UNFAO).

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