Smart Ear Tags Market Analysis, Trends, Development and Growth Opportunities by Forecast 2030

Global Smart Ear Tags Market - Description
The intelligent ear tag is the culmination of years of research on livestock production, long-term sensing, and tracking. An ear tag is an item made of plastic or metal that is used to identify domestic livestock and other animals. An ear tag is considered electronic if it makes use of Radio Frequency Identification Device (RFID) technology. It includes geo-location for improved livestock traceability and provenance, and it will serve as a foundation for upcoming applications.
Farmers may remotely access real-time information about the whereabouts, welfare, and behaviour of specific animals as well as locate the paddocks their cattle are grazing in thanks to the smart ear tags. Farmers won't require any additional infrastructure to take advantage of the system because the data gathered by the smart tags will be accessible through an open platform. Farmers can find out when an animal is sold to a new owner thanks to smart ear tags. As a result, it is possible to determine whether the animals are healthy or ill by keeping an eye on their temperature and activity levels.

Global Smart Ear Tags Market - Overview
It is estimated for the global smart ear tag market to witness growth at a CAGR of 16.1% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy rate even during the previous forecast period of 2018 to 2021.
Our years of expertise in cattle production, long-term sensing, and tracking are built into the smart ear tag. A plastic or metal item called an ear tag is used to identify domestic livestock and other animals. Electronic ear tags are those that employ Radio Frequency Identification Device (RFID) technology. It has geo-location capabilities for improved livestock provenance and traceability, and it will serve as a foundation for upcoming applications.
The predicted years for the market study are 2022 to 2030. The research report assists decision-makers in other important industry judgments as well as assists corporate experts in developing lucrative capital investments and business plans. Industry participants, investors, researchers, consultants, and business strategists should read this report. The description serves as a resource for customers to learn more about the markets for Smart Livestock Electronic Identification Ear Tags, emerging trends, product applications, and rivalry.

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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
By Type
• Plastic
• Metal
It is estimated for the plastic segment to drive the growth of the market during the forecast period.

By Application
• Livestock
• Pet
• Endangered Animals
• Others
It is estimated for the livestock segment to boost the growth of the market during the forecast period.

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

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.

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