Press release
Precision Livestock Farming Market to Grow at 10.4% CAGR by 2034
Precision Livestock Farming Market
Historical Size (2023): USD 5,400.0 million
Estimated Size (2024): USD 5,961.6 million
Projected Size (2034): USD 16,034.4 million
Growth Rate: 10.4% CAGR (2024 to 2034)
The adoption of precision livestock farming is driven by the growing emphasis on resource optimization, enhanced animal welfare practices, and reducing environmental impact, particularly in developed and emerging agricultural economies.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.futuremarketinsights.com/reports/sample/rep-gb-10614
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
The precision livestock farming market will expand at a 10.4% CAGR from 2024 to 2034.
Dairy farming applications dominate the market, leveraging sensors and automated monitoring systems to boost efficiency.
Europe leads the market in adoption, while Asia-Pacific is the fastest-growing region due to increasing modernization in livestock practices.
Major technologies in demand include real-time tracking, data analytics, and automated feeding systems.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Growing Demand for High-Quality Livestock Products: Rising consumer preference for meat, milk, and other livestock-based products has necessitated improved farming techniques.
Technological Advancements: Emerging technologies like IoT, AI, and sensor-based monitoring drive operational efficiency and cost savings.
Sustainability Focus: Increasing environmental regulations and awareness about reducing farming carbon footprints propel the adoption of precision tools.
Government Support: Subsidies and initiatives for modernizing agriculture practices amplify market potential.
๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ ๐ข๐ง๐ญ๐จ:
Hardware: Includes sensors, GPS, RFID tags, and cameras.
Software: Analytical platforms and farm management systems enable data-driven decisions.
Services: Support services ensure seamless integration of technologies on farms.
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ฅ๐ข๐ฏ๐๐ฌ๐ญ๐จ๐๐ค ๐๐๐ซ๐ฆ๐ข๐ง๐ ๐๐ข๐ง๐๐ฌ ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง:
Dairy Farming: Maximizing milk yield through automated milking and monitoring.
Swine Farming: Enhancing growth rate and feed optimization.
Poultry Farming: Improving egg production and disease prevention.
Deployment Insights
๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐ณ๐๐ ๐๐ฒ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐ญ๐ฒ๐ฉ๐๐ฌ ๐ข๐ง๐ญ๐จ:
Cloud-Based Solutions: Offering scalability and real-time analytics.
On-Premises Systems: Preferred for data security and localized control.
Key Companies & Market Share Insights
Leading players are focusing on innovation, partnerships, and acquisitions to gain a competitive edge.
Prominent companies include:
DeLaval Inc.
Allflex Livestock Intelligence
BouMatic LLC
GEA Group AG
Lely International NV
These companies collectively hold a significant market share due to their strong distribution networks and technological prowess.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In 2023, DeLaval launched an AI-powered livestock monitoring system to enhance dairy farm operations.
Allflex expanded its product portfolio in 2024 by introducing RFID tags designed for high-stress environments.
GEA Group partnered with regional cooperatives to promote precision farming in developing nations.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ --
https://www.fmiblog.com/2024/10/28/agriculture-iot-market-for-2022-to-2032-expected-to-reach-new-heights-amid-rising-demand-for-precision-agriculture/
https://www.fmiblog.com/2024/10/28/integrated-ups-market-is-to-grow-at-5-during-the-forecast-period-2022-to-2032-2/
https://www.fmiblog.com/2024/10/28/customer-experience-management-cem-in-telecommunication-market-for-2022-to-2032-to-reach-us-50-89-billion-amid-rising-focus-on-customer-centric-digital-solutions/
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