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Precision Livestock Farming Market worth $9.82 billion by 2030, growing at a CAGR of 11.01% - Exclusive Report by 360iResearch
Precision Livestock Farming Market | 360iResearch
The Global Precision Livestock Farming Market to grow from USD 4.25 billion in 2022 to USD 9.82 billion by 2030, at a CAGR of 11.01%.
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Precision Livestock Farming (PLF) represents a technologically infused approach to managing livestock, where continuous, automated animal monitoring optimizes both animal welfare and productivity. The impulse for adopting precision livestock farming is driven by a confluence of pressing needs, including a growing global demand for animal products, the imperative for sustainable agricultural practices, and heightened standards for animal welfare. The need for more sustainable and environmentally friendly farming practices has increased the demand for precision livestock farming solutions. In addition, stricter animal welfare standards are pushing farmers to adopt precision technologies. However, adopting PLF technologies often requires significant investment, which can be a barrier for smaller farmers. Moreover, the collection, analysis, and protection of large volumes of data is complex and requires specialized skills, further limiting the adoption of precision farming technologies. Nevertheless, innovations in sensor technologies that offer more detailed and real-time data on animal health and welfare have improved the efficiency of livestock farming. Vendors are investing in research and development to enhance the functionalities and cost-effectiveness of PLF technologies, creating positive prospects for the market.
The Americas represent a significant market for precision livestock farming due to the advanced agricultural technologies and substantial investments in research and development. Higher labor costs and the pursuit of maximizing yield and efficiency fuel the adoption of PLF systems in the Americas. Consumers seek technologies that mitigate labor shortages and enhance productivity in the Americas. European Union (EU) countries are highly implementing precision livestock farming techniques, owing to stringent animal welfare regulations and a strong emphasis on reducing the environmental impact of livestock production. The rising awareness of livestock health and the need for sustainable practices drive the Middle East and Africa PLF initiatives. Large-scale livestock operations and investments to manage livestock health and productivity in the Asia-Pacific region are expanding the scope for precision livestock farming. Asia-Pacific consumers have a growing need for PLF technologies that can support large-scale operations, emphasizing disease control and yield improvement.
Market Segmentation & Coverage:
This research report categorizes the Precision Livestock Farming Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Hardware, Services, and Software. The Hardware is further studied across Cameras, GPS, RFID Tags & Readers, Robotics Component, and Sensors. The Sensors is further studied across Accelerometer Sensor, Environmental Humidity Sensor, Motion Sensor, and Temperature Sensor. The Services is further studied across Maintenance & Support, Managed Service, and System Integration & Deployment. The Hardware commanded largest market share of 43.49% in 2022, followed by Services.
Based on Technology, market is studied across Livestock Identification & Tracking, Milking Robots, and Precision Feeding Systems. The Milking Robots is further studied across Automated Milking Rotary, Multistall Unit, and Single-Stall Unit. The Livestock Identification & Tracking commanded largest market share of 24.92% in 2022, followed by Milking Robots.
Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Premise commanded largest market share of 66.28% in 2022, followed by On-Cloud.
Based on Application, market is studied across Feeding Management, Livestock Behavior & Health Monitoring, and Milk Harvesting. The Milk Harvesting commanded largest market share of 38.12% in 2022, followed by Livestock Behavior & Health Monitoring.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 60.23% in 2022, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Precision Livestock Farming Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Precision Livestock Farming Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Precision Livestock Farming Market, highlighting leading vendors and their innovative profiles. These include Afimilk Ltd., AGCO Corporation, BinSentry Inc., BouMatic, LLC, Dairymaster, DeLaval Group, Evonik Industries AG, Fancom BV by CTB, Inc., Farm4Trade SRL, Farmcontrol, FlyPard Analytics GmbH, Fullwood Ltd. by JOZ b.v., GEA Group, HID Global Corporation, Hokofarm Group BV, Lely International N.V., Merck & Co., Inc., Moocall Limited, Nedap N.V., Octopus Biosafety, Optifarm, Peacock Technology Ltd., Precision Livestock Technologies, Simple Ag Solutions, Inc., SomaDetect Inc., Trioliet B.V., VDL Agrotech B.V by VDL Groep, and Waikato Milking Systems NZ LP.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Precision Livestock Farming Market, by Product
7. Precision Livestock Farming Market, by Technology
8. Precision Livestock Farming Market, by Deployment
9. Precision Livestock Farming Market, by Application
10. Americas Precision Livestock Farming Market
11. Asia-Pacific Precision Livestock Farming Market
12. Europe, Middle East & Africa Precision Livestock Farming Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Precision Livestock Farming Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Precision Livestock Farming Market?
3. What is the competitive strategic window for opportunities in the Precision Livestock Farming Market?
4. What are the technology trends and regulatory frameworks in the Precision Livestock Farming Market?
5. What is the market share of the leading vendors in the Precision Livestock Farming Market?
6. What modes and strategic moves are considered suitable for entering the Precision Livestock Farming Market?
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